✔️ Information reviewed and updated in April 2024 by Pedro Martínez González
In this section we will tell you why You should NOT invest in MONEX. We analyze the website, we observe every detail and we examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation…
A pocas palabras WE DO NOT RECOMMEND IT. Below we will show you essential information about MONEX and we will tell you why we reached such a conclusion:
Basic Information
| 🌐 Website | monex.com.mx |
| 🏠 Company | MONEX FINANCIAL GROUP SA DE CV |
| ️ Regulatory | Not regulated |
| Does not have | |
| 📈 Leading | MONEX |
| 📌 Direction | Av. Paseo de la Reforma 284, Cuauhtémoc City Hall, CP06600, Mexico City |
MONEX is owned by MONEX GRUPO FINANCIERO SA DE CV, this company offers financial services for companies and also acts as a fund manager. We have not found data on its regulation. We suggest caution.
Account types
MONEX does not offer different accounts to operate.
Information on the web
MONEX provides a basic explanation about the financial services it offers, market news and analysis, economic calendar, really not much more than this.
List of phone numbers
- 55 5231-4500
- 800-746-6639
🚫 MONEX Final Valuation 🚫
Finally, and in a few words, our recommendation is: DO NOT INVEST WITH MONEX.
As we mentioned before, it is a financial company located in a place where you will not have protection from the law in case of being harmed, that is, you will not be able to claim anyone if an unfortunate event occurs such as the sudden loss of your funds or the closure of the company.
In case of problems, it is most likely that the authorities of your country will not be able to do anything. As a client of this company you are unprotected!
Investing with unregulated brokers or brokers based in such countries is very risky. It is best to invest with a regulated broker, based in a serious country.
Updates
News about MONEX:
| Date | Update – news |
|---|---|
| - | No news about the company |
User Reviews
What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with MONEX.
At the end of the review you will find customer comments.
How to Claim Money scammed by MONEX
If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.
How to Report MONEX
If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.
FAQs
How can I report MONEX?
This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.
Is MONEX a scam – is it scam?
Yes. We believe that MONEX is Scam. We have received messages from clients who mention not being able to withdraw their capital, this added to other very negative characteristics of the company.
Is MONEX trustworthy?
No. MONEX is not reliable, it is a very unsafe company: 1) is based in unsafe countries, 2) has a very bad reputation 3) has a lot of complaints 4) It is a relatively new broker without seniority. These characteristics make the company very unreliable.
How to recover money from MONEX?
If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.
Are there (recommended) alternatives to MONEX?
Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.
Thanks for the information!
Hello Nai Sanz, thank you for your comment about MONEX. This broker is considered a SCAM. We suggest NOT sending money, they lie to rob you, the operations are fictitious, the money is never crossed with the market, they simulate it and in the end they mark you and say that you lost everything and they keep it.
If when you request a withdrawal, they ask you for more money to pay commissions, taxes, fees, legalizations, etc. Never do it! It is a clear warning that you are a client of a fraud broker and even if you pay, they will never return your money.
All the information you provide about the company will help those affected by this broker, explain in detail how everything happened, what advertising you saw, the name of your advisor, numbers, emails from which you have been contacted, etc.
To get your money back, talk to our CHAT or fill out the Form at this link: CLAIM YOUR MONEY
Greetings.