Monecor Limited Review []: SCAM?

Monecor Limited - logo

Monecor Limited is not just an ordinary broker. It is the winner of numerous awards and is part of a group of international online trading companies. According to the founders, they have loyal conditions created over the years. However, the lack of positive reviews and other suspicious facts raise doubts about the honesty of this project. In this review, we will see if there are scammers here.

Monecor Limited General Information

Phone Number +4930520077630
Address Deutschland Frankfurt, Schillerstr 15-17, 60313 Frankfurt/Main
License Fake
Minimum Deposit ​€250
Assets CFDs
Leverage To 1:500
Trading Platform WebTrader

Registration and Client Portal Review

On the main page, Monecor Limited immediately shows impressive numbers. The company has been trading for 40 years and has been regulated by the FCA in the UK for 20 years. We seem to have found a truly worthy broker. However, do not rush!

Monecor Limited - official site

The brand is the epitome of excellence and is a hit with the trading community. The broker’s team has received many awards, including the Best Mobile Platform World Finance in 2017. Let’s not postpone the matter and immediately test the software.


Next, we were unpleasantly surprised. At the moment, the site has only a button to enter your client portal. The registration procedure has been canceled or temporarily suspended. Such behavior of Monecor Limited derails our suggestions about its fantastic work experience.

Monecor Limited Trading Conditions

Monecor Limited offers trading services for individual and corporate clients. Consultants are available for a one-to-one conversation, during which they will define your specific goals and attitude to risk.

Account Types Review

Account characteristics depend on the amount of the deposit. The more funds an account requires, the more available features a client gets. Such a picture resembles a dealing center, and not a licensed broker, which supposedly is Monecor Limited.

Name Minimum Deposit, EUR Minimum Order Size Bonus
Start 250 From 0.01 to 0.1 Welcome
Bronze (Basic) 5,000 0.1 To 40%
Silver 10,000 0.5 To 50%
Gold 20,000 1 To 60%
Platinum 50,000 1.5 To 80%
Exclusive 100,000 On an individual basis To 100%

The table is striking in its uninformative and meaningless nature. Monecor Limited focuses on marketing gimmicks and huge deposits, like many fake brokers we’ve seen before.


In the range tables, you can find out that the spread and leverage depend on the selected asset type. However, the account types presented here look very strange compared to those described above. By the way, why are only 3-4 instruments shown in each asset group? We do not know.

Trading Platform

Monecor Limited has its platform, which is tailored to the individual needs of beginners and professionals. It can run in a mobile phone browser as it does not require installation. It is the choice of thousands of traders due to technical features such as chart analysis, modern interface, and fast order execution.

Monecor Limited - trading platform

Oh, wait. We can only look at it like in this screenshot. Recall that we were unable to enter the client portal, and there is no other way to access the Monecor Limited software. You cannot download it, run a demo, or test the tools. Epic fail.

Monecor Limited — Deposit and Withdrawal of Funds

The broker demonstrates the same strange impotence when it comes to payment methods. According to Monecor Limited, in addition to the use of segregated accounts, the client’s deposit is protected by a compensation fund (the conditions apply only in Europe). When depositing the account, there are no commissions. And that’s all!

Literally anywhere on the site, there is no information on how to deposit and withdraw funds. The client agreement casually mentions bank cards and bank transfers. So we have to assume that the company offers exactly these options.


There is no separate section for verification either, but we were able to find the requirements in the client agreement. So, you will be required to:

  • Identity card
  • Actual address confirmation.

In addition, Monecor Limited asks for a signed application for opening an account. Where to upload all this, remains unknown.

Analytics and Education

As tools, Monecor Limited suggests an up-to-date economic calendar. In fact, this is just a widget imported from a little-known MarketCheese portal. However, with its help, you can find out the main indicators of the economic activity of different countries, their forecast and the previous state.

Monecor Limited - education

The site also has an Education section, where the broker gives access to six “100% free” articles. Their benefits are difficult to overestimate.

The articles deal with the most commonplace concepts such as leverage or contracts for difference. The material contains a small amount of theoretical text and abstract pictures from photo stocks.

Is Monecor Limited a Scam?

In the financial field, haste and indiscretion play against the client. Obviously, Monecor Limited has other disadvantages, which we will discuss further.

Monecor Limited claims to be regulated in one way or another in 5 countries. Almost all of them are offshore, but the mention of the British regulator inspires confidence.


How surprising! When checking the FCA register, it turned out that the company Monecor Limited really exists. Only in two persons with two others reference numbers: 124721 and 749598. If we ask for the number 186171, we get HYCM Capital Markets (UK) Limited.

Monecor Limited - FCA checking

We were not too lazy and checked the registries of other countries: Cyprus, the Cayman Islands, Dubai and the Grenadines. And what do you think? All reference numbers shown belong to the aforementioned HYCM and its regional subsidiaries.

Monecor Limited, in turn, is not regulated anywhere. It simply appropriated those data. Oh yes, HYCM also won the “Best Mobile Trading Platform” nomination according to World Finance in 2017. Domain Info

Talk about long experience and thousands of traders around the world does not hold water. Monecor Limited continues to assure us that it has almost half a century of history. In reality, the founders registered the current domain in September 2022.

Domain info

By the way, the domain www.​​ was registered on the same day. There is an inaccessible client portal there. And in positive online reviews, the site is mentioned. Why isn’t it working anymore?

Contacts Review

The site has a Berlin phone number, an email address, and a feedback form. Also, the address of the office in Germany, Frankfurt am Main is indicated. Of course, online maps do not know anything about Monecor Limited within the walls of this building.

Pros and Cons

  • Educational materials.
  • No access to the client portal.
  • Strange trading conditions.
  • Lying legend.
  • Complete lack of legal status and regulation.
  • Data theft.
  • New domains.
  • Few ways to get in touch.



Monecor Limited Summary

Monecor Limited - favi

Monecor Limited is a scam site. They hide behind the license and the biography of the HYCM company. Crooks find people through social networks, offer to open an account, and talk about successful trading. We are sure that no one will let you withdraw money there. Beware!

Website information content 3
Client Portal 1
Trading conditions 3
Trading platform 1
Deposit and withdrawal 1
Verification 2
Extra options 3
Licenses and guarantees 1
Work duration 1
Feedback 1

Frequently Asked Questions (FAQ)

What Does Monecor Limited Offer?

It poses as a licensed forex broker who can trade CFDs and currency pairs. In fact, we have no idea what is being offered there.

How Much Money Should I Invest With Monecor Limited?

The minimum deposit starts from 250 euros. The client agreement also says $250.

Is Monecor Limited Safe?

No way. This is a complete fake that indicates the registration data of another company. Watch out for these thieves!

Subhash Mishra
Forex & CFD Trader

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

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Client Reviews

  1. Rand

    These are scammers!

    Never use their services! I traded on Amazon indices and at the moment of a good profit, I just got a huge slippage on the transaction. It was already suspicious, but anything could happen. I traded further, and everything worked fine until the sum reached 5,000 euros. When I decided to withdraw this money, Monecor Limited simply blocked my account for a suspicious transaction. Of course, before that, verification had been passed without questions. So they’re just goddamn scumbags.

  2. Xavier


    To my dismay, I saw an online advertisement for this broker and decided that it was definitely possible to trade here. Since they had a lot of licenses and they have been operating for 40 years! In reality, it’s bullshit. The first site I registered on, soon stopped working. They explained this with technical problems and moved to another site. And I endlessly tried to log into my account again, and in the end I succeeded. Then it turned out that there were some problems with the withdrawal and everything was canceled. In short, this is a complete fake, not an experienced company.

  3. Stef

    Typical scam!

    Monecor Limited hides behind someone else’s license and works through social networks like Facebook. Through bots, they talk about their easy life in trading and find a potential victim. Then they act according to the situation. In every possible way, they convince to deposit money. These tricksters can even allow you to withdraw some amount, but still again they will steal everything.