Monetio Review – Mind These Warning Signs

The Monetio broker claims to combine global reach with local expertise to set new standards in online trading. At the same time, the company also allegedly provides over 16,000 tradable assets and impeccable, client-focused support.

After investigating the matters further, we quickly discovered that the deceptive marketing campaign is aimed at Forex beginners with the intention to rob them blind. Keep reading this Monetio review to find out more about this new sophisticated scheme.

Undefined Legal Status

The anonymous and little-known Monetio trading website is run by mysterious individuals who have left no traces online. There is no information about this brand anywhere on the internet. From the contact information page, we found out that the firm claims to be in the UK, judging from the phone number on the site.

Sadly, just a quick search prompt of the FCA regulatory database showed that no company under this name exists in their registers. What’s even more disturbing is the fact that no other regulators know about this brand, including tier-1 entities like CNMV, CONSOB, FINMA, NFA and ASIC. All of this resembles predatory strategies of Bxd Crypto – another fraudulent platform to avoid.

Fake Profit Works Best on Victims

Having been registered in May 2024, the company doesn’t quite enjoy high popularity or is an example of a brand with a long tradition. All these schemers are capable of is stealing from unsuspecting traders from:

• France
• United States
• United Kingdom
• Poland

Lies have always found their way to the hearts and minds of inexperienced traders. Presented by fake online trading gurus and false financial advisors, various investment proposals can surely sound alluring. 

Unfortunately, whoever decides to commit their funds to fake online investment campaigns and Ponzi schemes certainly and inevitably loses. BnbTrades, which we’ve exposed earlier, employs a similar strategy, so make sure you don’t trust them to make you rich, either.

Investors Are Outraged

The only place online where we found some Monetio reviews is Trustpilot. Apparently, the swindlers have tried to inflate their average rating by posting false reviews. That didn’t work, as defrauded and robbed clients are swarming to report their negative experiences and warn others not to invest.

According to these reviews, money extortion and rudeness are what is only found on this unscrupulous site. If you are also having issues with withdrawals like many others, don’t hesitate to seek help from our recovery team.

Don’t Trust the Costs!

High leverage and tight spreads are presented as trading parameters. It is known that leverage of 1:400 can easily lead clients to loss and debt, which is exactly what this con artist wants. Apart from that, other charges like trading commissions, fees, and taxes are all left hidden.

The only fee revealed is the inactivity tax, which is charged $50 monthly for the first three months of inactivity, after which it turns into a $100 fee charged every month. Therefore, if your Monetio login hasn’t been used over 30 days, you’re already being charged.

Is the Offer Worth the Try?

Our answer is pretty straightforward: nothing this shady brokerage offers could be considered valuable. First of all, they promised an advanced Monetio app and mobile solutions, but none of that is there. Furthermore, the prices of accounts are exorbitant, and they’re packed with more lies.

WebTrader Underperforms

The Monetio platform is only designed for web trading and is rife with glitches and errors. The software wouldn’t be half as bad if it actually sported advanced analytical features or provided deeper market insight.

Instead, traders are forced to trust a rudimentary terminal controlled by crooks who are only after the deposits and may as well disappear after they’ve collected enough.

Can Anything be Traded?

Nothing makes this broker’s offer of tradable assets stand out among others, considering that they can only provide the following groups of instruments:

• Cryptocurrencies – BTC, ADA, DOT
• Energy – UKOil, USOil, Coal
• Forex – EUR/USD, USD/GBP, EUR/JPY
• Stocks – Asus, Toyota, Motorola
• Precious Metals – Gold, Silver, Titanium
• Soft Commodities – Cotton, Wool, Wheat

What Accounts Have to Offer

It remains a mystery if there’s anything that this broker can actually provide of all the alleged features they promise. 

From trading signals and live lessons to huge discounts and guaranteed profits, everything could be found featured on every Monetio account. However, the prices align with the fictitious offer and are just as unreasonable:

• Bronze – $500
• Silver – $5,000
• Gold – $25,000
• Platinum – $100,000
• Diamond – $150,000

Crypto Payments Only

The owners of the accounts provided by this sham can only conduct payments via digital currencies. That means that the perpetrators of the scam remain anonymous and can dodge the legal consequences of their actions. 

For clients, that means that their crypto assets can quickly be misappropriated, so only with advanced tracing technology and legal expertise can anything be done about their recovery. The legal information on Monetio withdrawal reveals nothing of value and is just more misleading details and weasel words.

Support Options: Account Managers

Normally, popular brokerage conglomerates allow clients to reach out to the support crew in at least several ways, including emails, live chats, phones, and other means. In this case, if you want to perform any action on this platform, you have to contact your dedicated account handler. 

Help For Victims

You’ve probably wondered: “Is Monetio legit?” Hopefully, this review answers your question in detail. We’ve provided enough evidence that this firm is another online investment sham, so you should not even think about giving them your money. 

If, by any chance, they’ve already stolen from you, make sure you immediately contact our recovery experts. First consultations are always free.

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