Is Monzaee FX Safe?

MonzaeeFX | 2024-01-16 20:15

Abstract：Monazee FX is a 2022-founded newbie broker. It provides cryptocurrency, shares, bonds, indices, FX, and energies. It doesn't offer a trial account. The leverage broker provides is limited to 1:200.

Monazee FX is a 2022-founded newbie broker. It provides cryptocurrency, shares, bonds, indices, FX, and energies. It doesn't offer a trial account. The leverage the broker provides is limited to 1:200.

Is it legit？

Monzaeefx is not a licensed broker, and its activities are not overseen by a regulatory body. It is just another unregulated forex broker, which means the customers are not protected. Investors must only trust legitimate brokers regulated by established authorities like the UKs Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Commodity Futures Trading Commission (CFTC) in the US, or the Australian Securities and Exchange Commission (ASIC).

Trading Platform

MonzaeeFX is a web-based trading platform designed to help forex and stock traders automate trading using trading robots, signals, and fundamental analysis. It is available on iOS, Windows, and Android.

Accounts

The broker offers three types of accounts to its clients. The names are Silver Account, ECN Account, and Supreme Account.

Customer Service

The broker's website lists both of its addresses.

The ground level of the Sotheby Building in Rodney Village, Rodney Bay, Gros-Islet, and Saint Lucia

102, Al Jawahar Building, Bank Street, Bur Dubai.

Clients can also contact the broker via email at support@monzaeefx.com. It also offers the option of requesting a callback and live chat support. You can see the send your query option too.

Review

When we searched for Monzaeefx on Wikifx, we found that it is allegedly a forex and CFD broker registered in UK. As for regulation, it has been verified that Monzaeefx does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License,” and it receives a relatively low score of 1.06 /10. Please be aware of the risk.

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