MONEYPLANT

WikiFX | 2025-04-27 17:02

Abstract：MONEYPLANT is an offshore broker registered in Comoros and founded in 2023. It is not regulated by any authority. The broker provides a range of instruments including forex, commodities, metals, and indices, and operates on MetaTrader 5. It also supports copy trading and mobile platforms but lacks information on swap fees and does not offer Islamic account.

MONEYPLANT Review Summary
Founded	2023
Registered Country/Region	Comoros
Regulation	Not regulated
Market Instruments	Forex (30+ pairs), Commodities, Metals, Indices, Stocks
Demo Account	✅
Leverage	Up to 1:500
Spread	From 0.0 pips (as claimed); From 1.2 pips (Standard Account)
Trading Platform	MetaTrader 5 (MT5), Copy Trading, Mobile Trading App
Min Deposit	$100
Customer Support	Email: info@moneyplantfx.com
Customer Support	Phone (UAE Office): +971-43489984

MONEYPLANT Information

MONEYPLANT is an offshore broker registered in Comoros and founded in 2023. It is not regulated by any authority. The broker provides a range of instruments including forex, commodities, metals, and indices, and operates on MetaTrader 5. It also supports copy trading and mobile platforms but lacks information on swap fees and does not offer Islamic account.

Pros and Cons

Pros	Cons
Low minimum deposit ($100)	Not regulated
Supports MT5, mobile, and copy trading platforms	Swap fees not disclosed; no Islamic account
Claims zero commission on trades	High withdrawal fees depending on method (up to $40)

Is MONEYPLANT Legit?

MONEYPLANT is not a regulated broker. Although it is registered in Comoros, it is not licensed by any recognized financial authority within the country.

According to WHOIS, the domain moneyplantfx.com was registered on February 1, 2023, and is currently active until its expiration on February 1, 2026.

What Can I Trade on MONEYPLANT?

MONEYPLANT offers over 30+ currency pairs, along with various commodities, indices, metals, and stocks for trading. While it provides access to major financial markets, it does not support cryptocurrencies or ETFs.

Tradable Instruments	Supported
Forex	✅
Commodities	✅
Metals	✅
Crypto	❌
CFD	✅

Account Types

MONEYPLANT offers two account types: a Standard live account and a Demo account. The Standard account requires a $100 minimum deposit, features spreads from 1.2 pips, leverage up to 1:500, and runs on MT5 with market execution. It's suitable for regular traders who want flexibility and moderate trading costs. A free demo account is also available for beginners to practice. There is no mention of an Islamic (swap-free) account.

Account Type	Min Deposit	Spreads	Leverage	Platform	Commission	Suitable For
Standard	$100	From 1.2 pips	Up to 1:500	MT5	No	Regular traders
Demo	$0	From 1.2 pips	Up to 1:500	MT5	No	Beginners, practice use

Leverage

MONEYPLANT offers leverage of up to 1:500 on its Standard account. This allows traders to control much larger positions with a relatively small deposit.

MONEYPLANT Fees

Compared to industry standards, MONEYPLANTs trading fees are relatively low, especially with claims of 0.0 pip spreads on EUR/USD and zero commissions. However, details on swap (overnight holding) fees are not clearly disclosed.

Non-Trading Fees

Non-trading Fees
Deposit Fee	None
Withdrawal Fee	Up to $40 or 2.5% depending on payment type
Inactivity Fee	Not mentioned

Trading Platform

Trading Platform	Supported	Available Devices	Suitable For
MetaTrader 5 (MT5)	✅	Windows, macOS, Android, iOS	All levels – advanced charting & analysis
Copy Trading	✅	Web, Desktop, Mobile	Beginners & passive traders
Mobile Trading App	✅	iOS, Android (Smartphones & Tablets)	Traders who need flexibility on-the-go
MetaTrader 4 (MT4)	❌	–	–
cTrader / Others	❌	–	–

Deposit and Withdrawal

MONEYPLANT offers multiple deposit and withdrawal methods, with no deposit fees on most methods but withdrawal fees vary depending on the payment method. The minimum deposit is $100, and all withdrawals are processed within 24 hours.

Method	Min. Deposit	Min. Withdrawal	Fees (Deposit)	Fees (Withdrawal)	Processing Time
Bank Wire Transfer	$100	Not specified	None	$40	2–4 days (deposit), 24h (withdrawal)
Credit/Debit Card	$100	Not specified	2.50%	2.50%	24 hours
Alternative Payment	$100	Not specified	0% or 0.50%	0% or 0.50%	24 hours