✔️ Information reviewed and updated in April 2024 by Pedro Martínez González
Analysis on MonoLux Trade Group
➡️ In this section we will analyze MonoLux Trade Group (also called with the name: luxtradegroup.de), It's about a Forex, Cryptocurrency and CFD broker. Is MonoLux Trade Group really recommended to make an investment? Is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it. ✅
Now, you can find the following: opinions about MonoLux Trade Group ✅, claims, complaints, experiences, analysis of the most important characteristics of this company (updated 2022), and most importantly: Is MonoLux Trade Group a secure site? ⛔ Can we trust this company? ✅ Will we be able to withdraw our money? All this and more in this review about this investment company.
️️ Essential information: Who does it belong to? Where is located? Is it a regulated broker?
- ❌ MonoLux Trade Group mentions being part of Tristan Invest LLC.
- ❌ Regarding your location, the company is based in Saint Vincent and the Grenadines according to the website, although there is no valid information to corroborate this, we believe that it is a false fact.
- ❌ If we analyze your security, we note that MonoLux Trade Group does not mention any regulation.
⚠ ATTENTION: MonoLux Trade Group is a broker NOT REGULATED. ⚠
📌 Remember: the best option (and the safest) are the regulated brokers, as they must meet very strict requirements. Working with an unregulated broker is very risky. 📌
Account types | Investment platform
Now we go on to analyze the account types offered by MonoLux Trade GroupIn this case, we observe that it offers 2 different types of account:
- Real Account: minimum initial deposit $0.
- Islamic account: minimum initial deposit $0.
La platform to operate that MonoLux Trade Group uses is: Webtrader.
Resources | Website
Here we will examine the different resources and aids for the trader that MonoLux Trade Group provides on its website. We believe that the resources and help provided on the website can be a great advantage for the broker.
MonoLux Trade Group provides the following help or resources to traders or interested parties: an explanation about the services it offers, market news and analysis, live charts, FAQ section, not much else.
ℹ Another insights about MonoLux Trade Group ℹ
🔻 We will leave you some more information in case you want to contact the company, or see its website for yourself. 🔻
- 🌏 Website: luxtradegroup.de
- 📞 Telephone number: + 43720881999
- 📧 Email: [email protected]
Maybe you wonder why we review MonoLux Trade Group. We make this review and assessment, because we receive different messages and comments asking for the reliability of the company in question. We like to think that our reviews page help investors, providing key information about the company, we disclose information that every investor should know before you are inclined or not, by investing with a company of investment.
You're a representative of this company? We recommend you leave a comment responding to customer concerns.
Valuation on MonoLux Trade Group
Ending this section, in our opinion: do we believe that the MonoLux Trade Group company is reliable? Should you invest your money with the company? Are they a recommended company? ⭐ 2022 analysis ⭐
❌ After having examined it, we advise you to exercise caution, since it is an illegal company, clearly established to take money from people through tricks and traps. It is not very transparent, since it does not offer legal information, it does not show data about its registration and it also lacks regulation (unregulated company). ❌
⚠ A pocas palabras: doesn't seem like a good idea we suggest to be careful. ⚠
ATTENTION!: in June 2022 BAFIN added to MonoLux Trade Group to your list fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to BAFIN's ⚠️ June 2022 warning
Our advice: we always recommend working only with duly regulated companies, Isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest? Why invest with an unregulated or poorly regulated broker, when you can invest with a broker regulated by a serious regulator?
📌 Don't forget: one of the few measures that assure customers' money is the broker regulationIn other words, it is probably the most important feature of any broker; HAVE GOOD REGULATION. Good regulation means that there is a authority to which, in case of misunderstandings or problems, customers can file a complaint. 📌
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, too leave a comment on our website with your experience with this broker.
🔻🔻 We leave a vote open so that traders, clients and users of the broker can vote. 🔻🔻
[democracy id = ”4770 ″]
The company is pure scam, be careful.
Hi MJ, thanks for writing about MonoLux Trade Group. Currently this broker is considered a SCAM.
If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.
If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.
To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.
If you want to recover your money go to our chat or check this link: CLAIM YOUR MONEY
Greetings.