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Monstrade review Scam

December 28, 20235 min read

Read our Monstrade review to see if we recommend this broker for trading. Just to clear doubts, this is a review. How the project is searched:

  • Monstrade review,
  • review,
  • Broker Monstrade,
  • Monstrade scam or legit,
  • Monstrade chargeback.

Is Monstrade Scam or Legit Broker?

In the world of investments and financial opportunities, it is crucial to be vigilant and carefully evaluate every project before making a decision. One project that has caught our attention and that we want to warn you about is the Monstrade company (according to Monstrade reviews).

However, there are significant risks associated with fake brokers, and we want to warn you about the Monstrade project, which has been identified as an unregulated and unscrupulous broker. It’s essential to be aware of the signs indicating a fake broker and to avoid collaborating with such entities to protect your financial interests.

About Monstrade

Monstrade review – What the company says about itself: From the moment of its foundation, Monstrade has always been focused on providing best trading conditions using innovative technologies and many years of experience. Monstrade is an international broker, which offers 8 asset types and more than 12,000 instruments for trading. We’re very proud of a variety of services we provide our clients and partners with, which are of the same quality for all, regardless their experience and amount of their investments.
Trade many types of assets such as commodities, bonds, metals, digital currencies on Monstrade! At Monstrade we completely understand our clients needs. Hence, we offer for our clients a wide selection of trusted, award-winning platforms and account types.

While it may seem enticing at first glance, this project is, in fact, a classic example of a scam project, which has the potential to bring you more loss than gain.

Monstrade review broker review stamp

Monstrade signs of a Fake Broker:

According to the presented results of ex-traders of this project, Monstrade review, which, by the way, are quite negative and unprofitable, the Monstrade company does not withdraw money, which, in principle, was quite expected and logical, also based on the previously mentioned provisions.

  1. Lack of Regulation: One of the major signs of a fake broker is the absence of proper regulation by financial authorities. Legitimate brokers are subject to strict rules and standards imposed by regulatory organizations.
  2. Unrealistic Promises: Fake brokers like Monstrade may make unrealistic promises of quick and substantial earnings to lure clients. These exaggerated promises should be treated with skepticism.
  3. Weak Contacts and Support: A fake broker may have poorly defined contact details and may avoid providing complete and transparent information about their services.
  4. Lack of Transparency: Transparency regarding fees, commissions, and the trading process is crucial. Fake brokers may hide this information or be evasive about it. (according to Monstrade reviews) disadvantages of collaborating with a Fake Broker:

Loss of Funds: Collaborating with a fake broker can expose you to the risk of losing significant investments, as they can manipulate trades to their advantage.

Theft of Personal Information: Fake brokers may request and use sensitive personal information for fraudulent purposes, such as identity theft.

Negative Experience: Collaborating with an unscrupulous broker can lead to a negative financial and emotional experience, with a loss of trust in the market and investments.

Monstrade Conclusion

Monstrade Review, Scam or Legit? In conclusion, avoid collaborating with the fake broker Monstrade and any other broker exhibiting signs of lack of regulation and transparency. Protect your financial interests and always choose legitimate and regulated brokers to ensure a safe and trustworthy investment experience.

How to Protect Yourself:

  • Check Licensing and Regulation: Always verify if the broker is authorized and regulated by a trusted financial authority.
  • Research Carefully: Conduct thorough research and read independent reviews to assess the broker’s reputation.
  • Be Skeptical: Be skeptical of unrealistic promises of earnings, and avoid collaborating with brokers pressuring you to make large deposits.
  • Request Information: Request complete and transparent information about fees, commissions, and trading regulations.

The overall rating

Convenience of service 6
Withdrawal speed 2
Trading platform 3
License 1
Support work 5
The Summary

The overall trust rating for this broker is the average between the opinion of our independent expert and the ratings of users of this site.



  • Not found
  • Fake broker
  • Dangerous scammers
  • Fraud and money scam
  • Low project quality
  • Fake contact information

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  • Aziel

    January 18, 2024 / at 8:45 pm

    I don’t recommend anyone to deal with this company , untrustable and no transparent , they refused to withdraw my profit and then they threatening me

  • Ahmed

    January 18, 2024 / at 12:00 pm

    I had problems with technical support for this broker. Their specialists were not competent and did not provide adequate assistance.

  • Ashton

    January 15, 2024 / at 2:00 pm

    I can’t get my money of $500, there is no contact person, the communication is not legal, they deceived me very well and they scammed me, please help.

  • Rocco

    January 15, 2024 / at 11:39 am

    This broker lacks adequate risk management. They do not warn about high risks or offer appropriate protection tools.

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