✔️ Information reviewed and updated in April 2024 by Pedro Martínez González
In this section we will analyze the Banc de Monarch broker, is a forex and CFD broker. Is Banc de Monarch Really Recommended To Make An Investment? Or is it better not to invest with the company?
Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of Thinking Ahead LTD, although in the terms and conditions they mention being part of Takeda Partners LTD, so it is not very clear.
As to its location, the broker mentions being based in the Marshall Islands.
If we analyze the regulation of the broker, is an unregulated broker.
If now we go on to analyze account types offered by Banc de Monarch, we note that it offers 4 types of account: the Bronze Account, the Silver Account, the Gold Account and the Premium Account.
Bronze Account: minimum initial deposit of $ 500, loan with margin of up to 10%, leverage of up to 1:50, access to online training courses, monthly market analysis.
It is followed by Silver Account- $ 5.000 minimum initial deposit, up to 35% margin loan, up to 1: 200 leverage, personal account manager, stock exchange webinars, weekly market analysis.
The third type of account is Gold Account- $ 10.000 minimum initial deposit, up to 35% margin loan, up to 1: 200 leverage, personal account manager, stock exchange webinars, weekly market analysis.
The last type of account is the Premium account (Actually Banc de Monarch premium accounts are divided into 3; Monarch Platinum, Monarch Premium and Monarch Royal): minimum initial deposit of $ 100.000, direct line with your account manager, trading alerts and financial events, private sessions with financial analysts , plans for intelligent capital management, market analysis educational program, access to the VIP trading room, invitation to exclusive VIP events.
You can see even more features about the Banc de Monarch broker account types (click here. to see the image in full size) in the following image:
All the platforms to operate that Banc de Monarch offers are: We believe (because it does not specify) that it is Banc de Monarch's own platform.
We will now analyze the different resources and aids for traders that Banc de Monarch provides on its website.
Banc de Monarch provides the following help or resources to traders or interested parties: they have a section with various video lessons (although they are in English), webinars (also in English), glossary (yes, also in English), news about the financial markets (in English) and economic calendar (and unsurprisingly, yes, in English too).
Other information about Banc de Monarch
Some more information in case you want to contact the company, or see its website for yourself.
Website: www.bancdm.com (and apparently they have a second website) www.bancdm.io, and a third one www.bancdemonaco.com/es-ES
Telephone: + 442038704035
Email: [email protected]
Ending with this section, in our opinion Do we believe that the Banc de Monarch company is reliable? Should you invest your money with the company?
The truth is that Banc de Monarch is an unregulated broker, it does not provide certain important information, and it even contradicts itself in some sections of its website (such as who the company belongs to and its location as well), so we suggest caution , it doesn't look very good.
October 2018 update: Due to repeated messages from clients mentioning not being able to withdraw the capital, or not being able to contact Banc de Monarch after investing money, WE DO NOT RECOMMEND BANC DE MONARCH.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.
[democracy id = ”123 ″]
We have created a group to have more strength and go against these people. Do any of you want to join the group?
I advise you to file a complaint with the police, even if the amount that you have been scammed is small. In this way, if there are several affected, justice will act with more forcefulness and dedication against them.
This will help you in the first place to record the facts. It will also make it possible to unite the forces of all those affected.
I encourage you, filing a complaint will only mean spending very little time on it.
I send a message to all those who have scammed you. It would be convenient for you to go to the police and file a complaint. In this way, on the one hand, there is evidence of the facts and secondly, when there are several affected, the justice will dedicate more effort to act against these characters.
Do not think about it and file the complaint. It will only take a little time and nothing else.
Sooner or later these people will be caught and if you have a complaint filed, even for a small amount, it will help to go against them.
Hello JCP, can you tell us about your experience with this company?
Greetings.
Hello friends these are scam I deposit 500 E with this brokers They scammed me manc de monarch I am from Spain
Hi Henry, thank you very much for sharing your experience with Banc de Monarch, we are very sorry to read your situation… Can you tell us more about your experience with this company? Do you remember how you came to find them? For an advertisement on the internet perhaps? Do you have names of people with whom you had contact? Email addresses?
Why do you say they scammed you? What happened?
Greetings.
I don't remember how I contacted them…. It is a scam, but above all, I have made it clear not to call or contact me for years and they have ignored me…. I have signed up for the Robinson list, I have asked you please not to call and insist, and insist, from various phone numbers, and even if you reiterate over and over again that they unsubscribe from their database and that they never call you again from their company, or from any to which they have been able to transfer the data, they continue to do so over and over again.
Hi Vincent, thanks for the information on Banc de Monarch, we are very sorry about what is happening to you… It's a shame what you mention, we don't know what the Robinson list is…
Greetings.
They scammed me 250 €
Hi Mirel, thanks for the information about Banc de Monarch, we are very sorry what is happening to you… Do you remember how you found this broker in the first place?… If you have more information about Banc de Monarch, please share it with us.
Greetings.
TOTAL AND ABSOLUTE SCAM. WHEN YOU ASK THEM FOR DATA, EXPLANATIONS, RECORDS, ETC ... THEY HANG YOU
Hi Luis, did Amelia Rivera also scam you?
They called me just today but I always before investing the money somewhere I Google the bank or the company to which I am going to put my money ... and how I was googling to see who they were I got to this page and everyone says they are scammers do not invest a penny with them ..thanks
Hello Ernesto, thank you very much for sharing your experience with Banc de Monarch with us, do you remember how you came to find this company in the first place?
Greetings.
Be very careful friends, they are professional scammers, they left me with no money, they are expert sellers and very skilled at making you invest, DON'T DO IT, IT'S PURE STORY THEY ARE A SCAM
Hello, thank you very much for sharing your experience with Banc de Monarch with us, do you remember how you came to find this company in the first place?
Greetings.
Hello, I deposited 250 E with this brokers and when they told me that I had to deposit 10000, this same Ameli Rivera told me because 250 was very little to operate and she still connects with me by mail if she could locate and make her pay for doing so much damage to them They found me calling me because one day I signed up for an ad that went on facebook so I don't recommend it
Hello Cuban, thank you very much for sharing your experience with Banc de Monarch with us, the truth is that we are very sorry for what has happened to you and we wish you the best of luck. Remember how you found Banc de Monarch in the first place?
Greetings.
Hello Cubanito,
Are you still interested in acting against Amelia Rivera and recovering the money or at least that the law is applied to them and they go where they really belong?