Monfex is a scam, run by Market Solution Ltd. This company also owns other scams, such as Maxitrade , MaxiMarkets, and umarkets. The brand engages in intensive marketing, as evidenced by the increasing number of reports from victims. Lack of licensing, registration, and legally prohibited bonuses are additional evidence of this scam.
Edit: The Monfex website now lists a new parent company, Swiss-SVG Holding LTD. It can be assumed that this is the next incarnation of Market Solution Ltd. This company also operates the website of the rogue broker Allianz Market .
Edition 10/08/2021: Monfex is on the Polish Financial Supervision Authority’s warning list
If you have been affected by Monfex, please share your opinion and comments.
We also invite you to join the group of people who have been harmed by dishonest brokers: https://www.facebook.com/groups/2368922039865323/
What to do if you have been injured?
We have prepared a guide for injured parties, read it here (link) .