Basic Information
Registered Region 
Germany
GermanyOperating Period
2-5 years
Company Name
Monecor Limited
Customer Service Email Address
support@monecorlimited.com
Contact Number
+4930520077630
Company Website
Global Broker Regulation Inquiry App
WikiFX
Unverified
Score
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/10
Monecor
Germany
|
2-5 years
|
Suspicious Regulatory License
|
Suspicious Scope of Business
|
Suspicious Overrun
|
High potential risk
https://monecorlimited.com/
Website
Rating Index
Contact
+49 30520077630
support@monecorlimited.com
https://monecorlimited.com/
Deutschland Frankfurt, Schillerstr 15-17, 60313 Frankfurt/Main
Warning: Low score, please stay away!
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
7
Website
Company Summary
Comment
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monecorlimited.com
185.150.119.53Server LocationICP registration--Most visited countries/areas--Domain Effective Date--Website--Company--
Company Summary
| Monecor Review Summary | |
| Founded | 2-5 years |
| Registered Country/Region | Germany |
| Regulation | Suspicious Clone |
| Market Instruments | Forex, Stocks, Indices, Cryptocurrencies, Commodities |
| Demo Account | Not mentioned |
| Leverage | Not mentioned |
| Spread | From 0.1 pips |
| Trading Platform | Monecor Limited(Android and iOS) |
| Min Deposit | Not mentioned |
| Customer Support | Phone: +49 30520077630 |
| Email: support@monecorlimited.com | |
Monecor Information
Monecor is a broker. The tradable instruments, with three account types, such as Fixed, Classic, and Raw accounts, include forex, stocks, indices, cryptocurrencies, and commodities. The minimum spread is from 0.1 pips. Monecor is still risky due to its suspicious clone status and unclear fee situation due to its closed official website.
Pros and Cons
| Pros | Cons |
| Various tradable instruments: Forex, Stocks, Indices, etc. | Suspicious Clone |
| 24/5 customer support | Inaccessible official website |
| Fees unclear |
Is Monecor Legit?
Monecor is a suspicious clone, even though it claims to be regulated by FCA, CySEC, DFSA, and CIMA. However, the broker is not as safe as a regulated one.
What Can I Trade on Monecor?
Monecor provides traders with various trading options involving forex, stocks, indices, cryptocurrencies, and commodities.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Indices | ✔ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
Monecor currently has 3 types of trading accounts, which traders can choose to open one of them, including Fixed, Classic, and Raw accounts. Traders who prefer low spreads can open raw accounts, while Fixed and Classic accounts are more suitable for investors who mind commissions.
| Account Type | Fixed | Classic | Raw |
| Spreads | From 1.8 pips | From 1.8 pips(variable) | From 0.1 pips(raw) |
| Commission | Free | Free | $4 per round |
Monecor Fees
The spread starts at 0.1 pips and the Fixed and Classic accounts are commission-free. However, if you open a raw account, you will be charged a commission of $4 per round.
Trading Platform
Monecor develops proprietary built-in platforms, Monecor Limited, for Android and iOS instead of authoritative MT4/MT5.
| Trading Platform | Supported | Available Devices |
| Monecor Limited | ✔ | Android and iOS |
Customer Support Options
Monecor provides 24/5 customer support, and traders can contact Monecor via phone and email.
| Contact Options | Details |
| Phone | +49 30520077630 |
| support@monecorlimited.com | |
| Supported Language | English |
| Website Language | English |
| Physical Address | Deutschland Frankfurt,Schillerstr 15-17.60313Frankfurt/Main |
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Suspicious Overrun
- High potential risk
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