Monstrade
We checked Monstrade against the AskCheck register. It has been reported (2024) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
Monstrade claims to be owned and operated by Monstrade Dooel Skopje, is an international broker located in North Macedonia, which offers a range of investment products to traders, including Forex, Indices, Metals, Energies, Cryptocurrencies, Stocks and more instruments for trading in global markets. But it lacks detailed regulatory information. A company that offers financial services must have financial license in the country where it is located. Upon investigation, Monstrade is not authorised and regulated by the Securities and Exchange Commission of the Republic of North Macedonia, an offshore authority that doesn't license forex derivatives brokerage activities. The truth is that Monstrade is not regulated by any regulators. Letting it hold or control investors'money is unsafe, and the money can not be protected by any laws. Monstrade is a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report Monstrade.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.