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Score

1.23 /10
Danger

Maunto

Saint Lucia

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.maunto.com

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Comparison

Quantity 22

Exposure

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Score

Regulatory Index0.00

Business Index4.85

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

DataWave Tech LTD

Company Abbreviation

Maunto

Platform registered country and region

Saint Lucia

Company website

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 13 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

22 pieces of exposure in total
Pyramid scheme complaint
Expose
Resolved

After cheating, they are trying to cheat again.

The broker is calling to deposit investment funds again after cheating and trying to cheat again~~~

2024-10-03 13:45
Scam

Fraudulent organization

The account manager asked the investor about the part on the trading site where the "profit is always displayed as a negative (-) amount" during the trading process, as it was not understood. The account manager replied that there is no need to worry because there are foreign exchange and stocks that have been purchased, and that they will gradually see profits without incurring losses through investment. However, suddenly everything disappeared. The current balance is $0, but the total amount deposited for investment so far, as advised by the broker, is $23,021 ($33,663,703 KRW). It was later discovered that the broker and intermediaries were involved in a scam, and I would like to know the solution.

2024-11-26 15:24
Scam

Monto is demanding trading in order to scam.

The broker manager recommended trading AUDUSD (trade date 4th), US500 (trade date 18th), US30 (trade date 21st), NZDUSD (trade date 22nd), XAGUSD (trade date 23rd), AUDUSD (trade date 23rd), BRENT (trade date 29th), US500 (trade date 30th), XAUUSD (trade date 30th), USTEC (trade date 30th) and I followed the recommendation. However, I believed the manager's words that the market would rise after the US presidential election day (November 5th), so I did not close the positions and continued to wait. On October 30th, my balance was $13,035 with a credit of $10,000, but on October 31st, I was stopped out all at once. Currently, my balance is $0. During this time, I have deposited a total of $23,021 (₩33,663,703) based on the recommendations of the Mounto (broker) manager. I hope you can help me recover from the losses at least a little bit.

2024-11-11 15:37
Unable to Withdraw

I am about to be scammed.

How much did I deposit? How much is it now? I started in July of this year. The entrance is from SmartNews. I started when I was interested in overseas investment. The first professional I met was Benjamin. The first deposit was made with a credit card, 250 dollars and 501 dollars. At first, I was making decent profits. But at some point, the withdrawals started to be decided by the other party. Also, I made cash transfers using BitFlyer, depositing 5000 dollars and 2001 dollars along the way. I have photos of all transactions, so I can prove it. I also left my phone number just in case. I also know the email address. Also, on November 9th, I deposited 281 dollars by credit card, 250 dollars times 7, which is 1750 dollars, and cash transfer. Now, the current balance should be 12,260 dollars and 60 cents. But for some reason, it's negative. I want to quickly recover the money I put in here. The current professional I'm dealing with is a person named Avi. I also have the ZOOM codes for both of them, so I can provide them. I'm afraid that if things continue like this, my balance will definitely be reduced to zero.

2024-11-21 14:45
Scam

Completely malicious way to display negative

Many times, but still 4300 dollars have not been withdrawn. Maybe it's because of that. It is intentionally set to negative. There is definitely 4300 dollars. The remaining balance of 9000 to 10100 dollars is displayed as negative to make it impossible to withdraw. The strange payment fee remains unchanged.

2024-12-19 08:01
Others

Mounto Fraud

After joining Mounto with a minimum amount of $250, I checked and found that there were many scam comments, so I decided to cancel my membership one hour after joining by sending an email. However, I only received feedback that it is still under review, and until now, after three days, they have not refunded the deposit amount... On their website, it clearly states that withdrawals will be processed within 24 hours, but they have not sent any processing results... This is a scam account, so please never join!!!! I wasted $250 here!!! However!! I am determined to continue asking for my money back... It's frustrating... Please, please do not join... Even if you make a profit and try to withdraw, it's obvious that it will be a headache...

2024-08-23 01:44
Resolved

Exploited. Unfair and angry (fraud)

At first, the margin level was increased to make it seem profitable and induce investors to deposit more funds. At the same time, the broker executed trades on recommended stocks. However, shortly after, strangely, the margin level suddenly decreased, resulting in significant losses contrary to the expected profits from the recommended trades. This caused the entire account balance to be lost in an instant. It was falsely claimed that depositing more funds in the Silver account would prevent stop out when using AI3 level in the Gold account, but that was not the case. It was a lie to encourage more deposits. The broker, who is supposed to minimize investor losses and maximize profits, did not fulfill their duty. They requested additional deposits by mentioning the decrease in margin level but did not provide any explanation about the potential risks of losses to the investors. The trading account balance on September 19th was $36,296, but as of September 26th, the current account balance is $0, and the Total Profit is -$52,319.

2024-09-30 10:45
Resolved

Mounto Investment Platform is a scam

Investors lost all the investment funds they deposited on the Mounto Investment Platform, totaling $23,021 (equivalent to 33,663,703 KRW), in an instant on September 26th. The broker requested that investors deposit more funds, stating that if they invest more than their current trading account balance in the Silver account, they can upgrade to the Gold account and recover their losses. They also mentioned that using AI Level 3 can prevent stop-outs. In response to this request, on September 13th, the investor deposited an additional $7,771 as investment funds. The profits were gradually increasing until September 19th when the trading account balance was $36,296. However, after executing the broker-recommended positions as "sell" on September 19th and 20th, the margin level started to rapidly decline. As a result, the trades recommended by the broker resulted in significant losses instead of the expected profits, causing the investor to lose all their investment funds in an instant on September 26th. The current account balance as of September 26th is $0, down from $36,296 on September 19th, and the Total Profit is -$52,319.

2024-09-27 10:21
Scam

The administrator did not keep the promise.

The total amount of investment deposits made so far, as recommended by the Mounto (broker) administrator, is $23,021 (₩33,663,703). However, the broker administrator failed to keep the promise of depositing $3,000 in order to prevent stop out, resulting in the investor's entire investment amount disappearing on October 31st due to stop out.

2024-11-02 10:55
Unable to Withdraw

Unable to withdraw funds from maunnto at all.

It's strange, I've been waiting for a withdrawal request since November 23rd last month. Not only was it arbitrarily reduced, but my $4300 withdrawal request was also rejected. Strange fees have also been charged. It's a complete scam. Since they stopped answering the phone, there should be $4300 + $9000 in the negative. When you look at the representation of Bitcoin, it's clear that it's a complete scam. I requested a withdrawal because I want to cancel, but they're doing this. I hope I can recover everything. $4300 + $9000. For now, there is information about the amount even in the photos. It can be submitted. I have taken enough photos to explain the scam and the strange negative aspects on their side. I want to get my money back quickly.

2024-12-16 15:17
Scam

Suffering damage

The trading settlement items recommended by the broker manager are AUDUSD (trading day 4, profit -3102), US500 (trading day 18, profit -853), US30 (trading day 21, profit -1768), NZDUSD (trading day 22, profit -719), XAGUSD (trading day 23, profit -2479), AUDUSD (trading day 23, profit -767), BRENT (trading day 29, profit -972), US500 (trading day 30, profit -415), XAUUSD (trading day 30, profit -2233), USTEC (trading day 30, profit -3261) were traded as recommended by the broker manager. The trading settlement items for investors are USTEC (trading day 30, profit -1653), USTEC (trading day 30, profit -1640), USTEC (trading day 30, profit -1612), USTEC (trading day 30, profit -1552), which were directly traded by the investors. The balance on October 30th was $13,035, with a credit of $10,000. However, on October 31st, it was suddenly stop out and the current balance is $0. During this time, the total amount of investment deposits made by the Mounto (broker) manager recommendation is $23,021 (33,663,703 won), but it all disappeared.

2024-11-02 10:40
Scam

Overseas FX Scam

This is a highly fraudulent site. Even if you are asked to make a deposit or offered very good conditions, please do not deposit. The person in charge will pretend to be making a profit, propose favorable conditions, and use mind control to make you feel like you will lose if you don't deposit. I regretted trusting the other party and making a deposit, and now I am burdened with a large amount of debt. It is the biggest regret of my life, and no matter what I do, I want the money to be returned. However, since the other party is a professional scammer, I have reported it to the police, but it seems that there will be no refund unless the culprit is caught. Even if there is a profit in this, you can only withdraw a very small amount of money. The other party only uses this to gain trust. I am fortunate if even one person is saved by reading my review. If you are being forced to make a deposit, and they mention 5000 credits, VIP, or elite, please firmly refuse and focus on withdrawing your money. I pray that you can recover even a little. If you ignore their calls, they will change your password without permission, and everything they do is fraudulent.

2024-11-26 18:33
Unable to Withdraw

Unable to withdraw funds from maunto at all.

Since November 26th of last month, I have been requesting a withdrawal to withdraw the amount that I have been depositing with credit card and cash. There is absolutely no sign of movement. What's more, my balance is currently showing a negative value. It would be helpful if I could deposit into my account and still have some evidence left. I am unable to withdraw.

2024-12-10 14:19
Scam

The broker is only blaming the investor's mistake.

The positions that were executed based on the broker's recommendation continued to incur losses, and the margin level kept decreasing. Despite this situation, the broker claimed that the market would rise starting from November 5th, the day the US presidential election ended, and advised me to hold on without liquidating. However, during this period, the executed positions only increased slightly when the market went up, but when the stop out point was reached, they plummeted rapidly. I cannot understand the reason for this sudden drop, and I find it hard to believe. The broker, despite the positions being contrary to the market trend, did not liquidate them and left them as they were, resulting in significant losses that wiped out my account balance. However, the broker insists that all the losses were due to the investor's mistakes.

2024-11-05 14:25
Scam

Don't fall for scams

The account manager requested investors to deposit more funds, claiming that they could recover losses. Trusting the account manager's words, the investor made additional deposits. However, after the investor made the additional deposits and followed the account manager's advice to execute trades, the initially profitable trades suddenly started to incur continuous losses, contrary to the expected profits. As a result, the investor suffered significant losses. The entire account balance disappeared in an instant, and the current account balance is $0. The account manager requested investors to deposit more funds, claiming that they could recover losses. Trusting the account manager's words, the investor made additional deposits. However, after the investor made the additional deposits and followed the account manager's advice to execute trades, the initially profitable trades suddenly started to incur continuous losses, contrary to the expected profits. As a result, the investor suffered significant losses. The entire account balance disappeared in an instant, and the current account balance is $0.

2024-12-11 10:18
Resolved

This is an optimized fraud group.

On September 13th, after depositing an additional $7,771 as investment capital, the profit gradually increased. However, on September 19th, the trading account balance dropped from $36,296 to the broker-recommended positions that were traded as "sell" on September 19th and 20th. After the trade execution, the margin level started to rapidly decrease. The broker-recommended positions resulted in significant losses, contrary to the expected profits. To prevent further losses, on September 23rd, the margin level continued to decline to 138%. The investor urgently requested whether all trading positions should be liquidated. In response, the broker stated, "It would be good to allocate a bit more funds that can withstand the situation. Increase the margin level because the market won't stay like this for long. It will return to the planned state, so it's just a matter of time. If you deposit more investment capital to increase the margin level, it seems that you can sustain it for a longer period." However, the broker only mentioned that if additional funds were not deposited, it would be inevitable to incur losses due to insufficient funds. The investor requested assistance from the broker again to prevent losses, but there was no response. When the investor requested liquidation from the broker on September 23rd, if at least the positions were liquidated, it could have reduced significant losses. However, following the broker's advice to not liquidate the positions and to observe further, the investor suffered substantial losses and lost all investment capital. The broker, who is supposed to minimize the investor's losses while maximizing profits, did not fulfill their responsibility. In a blink of an eye, on September 26th, all investment capital disappeared. The trading account balance, which was $36,296 on September 19th, is now $0, and the Total Profit is -$52,319. These brokers are highly optimized scammers.

2024-09-28 11:54
    Maunto · Company summary
    AspectInformation
    Company NameDataWave Tech LTD
    Registered Country/RegionSaint Lucia
    Founded 2023
    RegulationNo license
    Tradable AssetsIndices, Forex, Cryptocurrency, Stocks, Commodities, Metals
    Account TypesCLASSIC, SILVER, GOLD, PLATINUM, VIP
    Demo AccountNot mentioned
    Minimum Deposit$250
    Maximum Leverage1:400 for FX
    1:200 for Silver & Gold, Indices, and Commodities
    1:5 for Stocks/Equities
    EUR/USD Spread0.9 - 2.5 pips
    Trading PlatformMaunto WebTrader
    Deposit & WithdrawalCredit/Debit Cards, Wire Transfer, APMs. Minimum withdrawal amounts vary by method
    Customer SupportMonday - Friday: 12:00 till 21:00 GMT
    Live chat, contact form
    Phone: +44 203 150 2 347
    Email: support@maunto.com
    Regional RestrictionsEuorpean Union

    Overview of Maunto

    Maunto, registered in Saint Lucia in 2023, offers a wide array of tradable assets including indices, forex, cryptocurrencies, stocks, commodities, and metals. The broker introduces a range of account types - CLASSIC, SILVER, GOLD, PLATINUM, VIP - with a minimum deposit requirement of $250. It offers maximum leverage up to 1:400 for FX and varying levels for other assets. The Maunto WebTrader platform is their primary trading interface.

    Maunto's homepage

    Pros & Cons

    ProsCons
    • Various trading options
    • Withdrawal process can be lengthy (8-10 business days)
    • Competitive spreads
    • Inactivity fees charged
    • Zero deposit commissions
    • Maintenance fees charged
    • No fees for the first withdrawal
    • Complex swap fees charged
    • Flexible e-wallet withdrawal amounts

    Maunto is characterized by its varied trading options and competitive spreads, which could appeal to traders looking for market diversity and cost-effective trading. The absence of deposit commissions and fees for the initial withdrawal further enhance its cost attractiveness. Additionally, the flexible withdrawal amounts through e-wallets offer convenience.

    However, the withdrawal process may be considered protracted, potentially affecting liquidity. Moreover, inactivity and maintenance fees could increase the trading costs, as well as complex swap fees could impact profitability.

    Is Maunto Legit?

    No, it is unregulated by any famous regulatory authorities, like ASIC, or FSA.

    Is Maunto Legit?

    Market Instruments

    Maunto delivers an extensive array of trading instruments via CFDs, encompassing indices, forex, cryptocurrencies, stocks, commodities, and metals. Indices offer insights into broader market trends, Forex trading presents a rich selection of currency pairs highlighting the market's depth, and cryptocurrencies introduce a dynamic investment avenue. Additionally, stock trading capitalizes on company-specific movements, commodities provide a hedge against geopolitical shifts, and metals trading offers a traditional safeguard against economic fluctuations.

    Account Types

    This broker provides 5 distinct trading accounts: CLASSIC, SILVER, GOLD, PLATINUM, and VIP. The initial deposit requirement for all accounts is $250. The Classic account does not offer a swap discount, which is a disadvantage when compared to other account types where this benefit is available.

    Account comparison

    How to Open an Account with Maunto?

    To start trading with Maunto, follow these steps: Firstly, navigate to their website and find the account creation section. Fill out the registration with your personal information and choose your preferred account type. Submit documents for verification, including ID and proof of residence. After verification, fund your account using the provided methods. You're then set to trade on the Maunto WebTrader platform across various assets.

    Leverage

    This broker offers the maximum trading leverage is up to 1:400 for forex trading, with adjusted levels for other assets such as up to 1:200 for Silver & Gold, Indices, Commodities, and up to 1:5 for Stocks/Equities.

    Asset ClassLeverage
    FX1:400
    Silver & Gold/Indices/Commodities1:200
    Stocks/Equities1:5
    Leverage details

    Spreads & Commissions

    The Classic and Silver accounts offer EUR/USD and GBP/USD spreads starting from 2.5 and 2.8 pips, respectively, aligning with the standard for retail forex trading. For more experienced traders, the Gold, Platinum, and VIP accounts provide progressively tighter spreads, with the VIP account offering the most competitive rates, such as a 0.9 pip spread on EUR/USD. Interestingly, Maunto extends its competitive edge with flexible spreads as low as 0.03 pips for Platinum and VIP accounts, and crude oil trading offers dollar-based spreads.

    Maunto also charges zero deposit commissions across all account types.

    SpreadCLASSICSILVERGOLDPLATINUMVIP
    EUR/USD2.52.51.81.40.9
    GBP/USD2.82.82.321.4
    USD/JPY2.82.82.321.4
    Crude Oil$0.14$0.14$0.13$0.12$0.10
    Spread details

    Other Fees

    Maunto applies various non-trading fees, including withdrawal fees, inactivity fees, maintenance fees, and swap fees.

    The first withdrawal is free if the account is fully verified and has conducted at least one trade; otherwise, a $10 fee is applied. Subsequent withdrawals incur charges, such as 3.5% for card transactions and $30 for wire transfers.

    Inactivity fees scale with the period of inactivity, starting from 100 EUR after one month, increasing to 500 EUR beyond six months.

    A monthly maintenance fee of $10 is charged regardless of account activity.

    Swap fees are incurred for positions held overnight, calculated daily and tripled on Wednesdays to cover the weekend. These fees vary by asset class, including Forex, Cryptocurrencies, Commodities, Indices, and Stocks.

    Trading Platform

    Maunto's WebTrader platform delivers an accessible and intuitive trading environment, enabling users to connect from any device. It features a straightforward interface for customizing alerts and analyzing trading performance, supporting strategic decision-making. Additionally, Maunto places a strong emphasis on security, incorporating high-level technological measures and encryption to ensure the safety of users' trading operations.

    WebTrader

    Deposit & Withdrawal

    Maunto offers several methods for depositing and withdrawing funds, including Credit/Debit Cards, Wire Transfer, and APMs. Withdrawal minimums are set at 10 USD/1500 JPY for Credit Cards and 100 USD/15000 JPY for Wire Transfers, with e-wallets offering more flexibility on amounts, subject to fees. Withdrawals are processed within 8 to 10 business days, but timelines differ according to local bank procedures.

    Education

    Maunto says to offer comprehensive educational resources, from beginner basics to advanced strategies, including market insights, interactive courses, and real-world knowledge. However, the education center is locked, and if you want to access education materials, you have to sign up or log in.

    Education

    Customer Support

    24/5 Live Chat

    Phone: +44 203 150 2 347

    Email: support@maunto.com

    Social media: Facebook, Instagram, Twitter, LinkedIn, YouTube

    Contact info

    Conclusion

    Operating since 2023 with offshore regulation, Maunto offers wide range of assets, competitive spreads, and no deposit fees are attractive. However, the platform's user-friendly features are marred by the costs through inactivity and maintenance fees, along with a slow withdrawal process.

    Q&A

    What types of assets can be traded on Maunto?

    Maunto offers trading in indices, forex, cryptocurrencies, stocks, commodities, and metals.

    What account types does Maunto provide?

    CLASSIC, SILVER, GOLD, PLATINUM, VIP, each with a minimum deposit requirement of $250.

    What is the maximum leverage available on Maunto?

    The maximum leverage is up to 1:400 for forex and varies for other asset types.

    Are there fees for deposits and withdrawals at Maunto?

    There are no deposit commissions, and the first withdrawal is fee-free. Subsequent withdrawals will incur fees, and there are also inactivity and maintenance fees.

    Are there any regional restrictions?

    Yes. DtaWave Tech Ltd does not provide its services to residents of the Euorpean Union or any other jurisdiction where such distribution would be contrary to local news and regulations.

    News

    ExposureMaunto Review: Imp. Things to Know!!

    Maunto, registered in Saint Lucia in 2023, operates under Comoros License, offering a wide array of tradable assets including indices, forex, cryptocurrencies, stocks, commodities, and metals. The broker introduces a range of account types - CLASSIC, SILVER, GOLD, PLATINUM, VIP - with a minimum deposit requirement of $250.

    WikiFX
    2024-04-15 17:53
    Maunto Review: Imp. Things to Know!!
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    カナンの母
    0-3months
    何度も何度もですが、未だ4300ドル出金されていません。 あとは、それがあったからか。故意にマイナスにされています。 確実に4300ドルは、あります。 後の9000〜10100ドルの残っている分が引き出し不可能にする為かマイナス表示をされています。 変な支払い手数料も変わらずです。
    何度も何度もですが、未だ4300ドル出金されていません。 あとは、それがあったからか。故意にマイナスにされています。 確実に4300ドルは、あります。 後の9000〜10100ドルの残っている分が引き出し不可能にする為かマイナス表示をされています。 変な支払い手数料も変わらずです。
    Translate to English
    2024-12-19 08:01
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    カナンの母
    0-3months
    おかしいですね、先月の11月23日から出金リクエストにかけているのに。 勝手にマイナスにされた挙句に4300ドル出金リクエストを拒否されていました。 変な手数料も取られています。 完全なる詐欺ですね。電話に出なくなってからのマイナスなので4300ドル➕9000ドルもあるはずですので。 ビットコインの表記を見たら、完全に詐欺行為なのが明らかです。 解約したいからと出金リクエストしているのにこの行為です。 全て、取り戻せたらいいのですが。 4300ドル➕9000ドル。 今のところ、写真でもmauntoの情報とあるので。 提出可能です。 向こうの詐欺、変なマイナスなところも説明出来るくらい写真に納めてあります。 お金を早く取り戻したいです。
    おかしいですね、先月の11月23日から出金リクエストにかけているのに。 勝手にマイナスにされた挙句に4300ドル出金リクエストを拒否されていました。 変な手数料も取られています。 完全なる詐欺ですね。電話に出なくなってからのマイナスなので4300ドル➕9000ドルもあるはずですので。 ビットコインの表記を見たら、完全に詐欺行為なのが明らかです。 解約したいからと出金リクエストしているのにこの行為です。 全て、取り戻せたらいいのですが。 4300ドル➕9000ドル。 今のところ、写真でもmauntoの情報とあるので。 提出可能です。 向こうの詐欺、変なマイナスなところも説明出来るくらい写真に納めてあります。 お金を早く取り戻したいです。
    Translate to English
    2024-12-16 15:17
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