Score
Monecor
Germany|2-5 years| https://monecorlimited.com/
Website
Rating Index
Contact
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Germany
2-5 years Suspicious Regulatory License Suspicious Scope of Business Suspicious Overrun High potential riskUsers who viewed Monecor also viewed..
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Website
monecorlimited.com
Server Location
Lithuania
Website Domain Name
monecorlimited.com
Server IP
185.150.119.53
Company Summary
| Monecor Review Summary | |
| Founded | 2-5 years |
| Registered Country/Region | Germany |
| Regulation | Suspicious Clone |
| Market Instruments | Forex, Stocks, Indices, Cryptocurrencies, Commodities |
| Demo Account | Not mentioned |
| Leverage | Not mentioned |
| Spread | From 0.1 pips |
| Trading Platform | Monecor Limited(Android and iOS) |
| Min Deposit | Not mentioned |
| Customer Support | Phone: +49 30520077630 |
| Email: support@monecorlimited.com | |
Monecor Information
Monecor is a broker. The tradable instruments, with three account types, such as Fixed, Classic, and Raw accounts, include forex, stocks, indices, cryptocurrencies, and commodities. The minimum spread is from 0.1 pips. Monecor is still risky due to its suspicious clone status and unclear fee situation due to its closed official website.
Pros and Cons
| Pros | Cons |
| Various tradable instruments: Forex, Stocks, Indices, etc. | Suspicious Clone |
| 24/5 customer support | Inaccessible official website |
| Fees unclear |
Is Monecor Legit?
Monecor is a suspicious clone, even though it claims to be regulated by FCA, CySEC, DFSA, and CIMA. However, the broker is not as safe as a regulated one.
What Can I Trade on Monecor?
Monecor provides traders with various trading options involving forex, stocks, indices, cryptocurrencies, and commodities.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Indices | ✔ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
Monecor currently has 3 types of trading accounts, which traders can choose to open one of them, including Fixed, Classic, and Raw accounts. Traders who prefer low spreads can open raw accounts, while Fixed and Classic accounts are more suitable for investors who mind commissions.
| Account Type | Fixed | Classic | Raw |
| Spreads | From 1.8 pips | From 1.8 pips(variable) | From 0.1 pips(raw) |
| Commission | Free | Free | $4 per round |
Monecor Fees
The spread starts at 0.1 pips and the Fixed and Classic accounts are commission-free. However, if you open a raw account, you will be charged a commission of $4 per round.
Trading Platform
Monecor develops proprietary built-in platforms, Monecor Limited, for Android and iOS instead of authoritative MT4/MT5.
| Trading Platform | Supported | Available Devices |
| Monecor Limited | ✔ | Android and iOS |
Customer Support Options
Monecor provides 24/5 customer support, and traders can contact Monecor via phone and email.
| Contact Options | Details |
| Phone | +49 30520077630 |
| support@monecorlimited.com | |
| Supported Language | English |
| Website Language | English |
| Physical Address | Deutschland Frankfurt,Schillerstr 15-17.60313Frankfurt/Main |
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Suspicious Overrun
- High potential risk
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