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Review and feedback on Mono-Trade: binary options broker scam scheme

For novice investors interested in the company Mono-Trade, it is important to understand the specifics of its activities. The broker claims to provide the opportunity to quickly earn on financial markets. Registration takes just a few minutes: you need to select an asset (for example, Apple stocks) and make a forecast on its rise or fall. With a correct forecast, instant profit is promised. However, the company review and client feedback indicate that this may be a fraudulent scheme. More details on the reasons are in the review at mono-trade.com.

Overview of general information about the company “Mono-Trade”

When studying the “About the company” section on the Mono-Trade website, a number of questionable points are revealed. Founded in 2019, the firm lacks clear data on founders and goals. The broker’s website is only available in English, although the stated target audience includes CIS countries. The lack of guarantees from the company and disclaimer of responsibility for possible financial losses for clients are alarming factors. The broker has no financial regulator, increasing the risk for investors.

How to register on mono-trade.com?

The minimum deposit on the Mono-Trade platform is $250. To open an account, you need to fill out a standard form, provide personal information, email address, and agree to the service rules. An important step is the verification procedure, without which trading is impossible. The company’s trading platform has limited functionality, and user reviews contain complaints about its inconvenience and flaws.

Customer reviews of the binary options broker Mono-Trade

User reviews on mono-trade.com indicate problems with fund withdrawals and unjustified account blocks. The broker’s customer support causes dissatisfaction with its intrusive offers. The company gathers a large number of negative reviews, indicating customer dissatisfaction with the quality of services provided.

Scam scheme on mono-trade.com

Mono-Trade is a typical binary options broker targeting inexperienced traders. The company disguises itself as a trading mobile application, avoiding mention of binary options due to the risk of being blacklisted by regulators. The scam scheme used by the company involves unfavorable conditions for clients and the absence of real earning opportunities.

In conclusion, the review and client feedback allow us to conclude that the company Mono-Trade is not a reliable partner for investments, but rather represents a risky scheme similar to gambling. It is recommended to refrain from collaborating with this company.