In today’s Monexis review, we are discussing a broker that promises to help clients pave their way to perfection in trading. However, we find it difficult to understand how a company operating illegally and deliberately misleading users can provide such assistance. It’s easy to see that this project was created by scammers to attract at least a few clients willing to deposit $10,000+. We will show you why you should avoid any dealings with this fraudulent project.
Key Features
- Company Name: Monexis
- Website: https://monexis.org/
- Available Contacts: [email protected]; +1 (800) 441-7760
- Foundation: 2024
- Services: Forex/CFD trading
- License: No
- Initial Deposit: €250
From Sign-Up to Payout
The first impression of Monexis’ official website is mixed. We appreciate the work of the designers, who didn’t overdo it with animations or excessive imagery. However, the content itself is, to put it mildly, quite mediocre:
- The company has filled the site with market analytics. However, upon closer inspection, you’ll notice that their forecasts conveniently avoid days with significant asset movements. Moreover, there are plenty of errors, such as an article titled “GBP/USD Analysis” actually discussing Bitcoin instead.
- The site contains numerous educational and reference materials. Yet, for some reason, the broker has chosen not to publish contract specifications or details about available markets.
- Visitors will also find no detailed information about the company itself — arguably the most crucial aspect for traders, more important than calculators, tickers, and signals combined.
The situation with financial transactions is even more intriguing. Deposits can only be made via BTC or USDT TRC-20. While credit cards and bank transfers are mentioned, the broker hasn’t provided the necessary forms for these payment options. Instead, they advise contacting customer support. The same applies to withdrawal requests.
This raises an important question: what about AML policies if transaction participants remain anonymous? Why has the company decided not to publish its banking details and instead share them with clients individually?
The answer is quite simple — we are dealing with yet another scam project. This perfectly explains the poor-quality website content and addresses all the red flags we’ve identified.
Our Trading Experience With Monexis
The broker’s website barely mentions its trading terminal. Instead, it vaguely describes the platform as “ultra-modern” with “advanced analytical tools” and “exceptional features.” But here’s the good news — you can test the platform even without registering an account.
Our experience with this software was deeply disappointing. In fact, it’s hard to find a single redeeming feature. When using the platform, we noticed several glaring issues:
- No technical analysis tools — not a single indicator or drawing tool. How are traders supposed to develop strategies or identify entry and exit points? Does the company expect users to rely solely on the signals it posts on its website? Unfortunately, these signals lack accuracy and are nearly impossible to interpret, even for experienced traders, let alone beginners.
- Poorly organized market overview — there’s no search function or an option to add symbols to favorites. Imagine manually scrolling through a list of hundreds of assets just to find one specific stock!
- No multi-chart mode — traders managing portfolios or scalpers will be forced to switch between assets manually, wasting valuable time and money.
- No one-click trading — in fast-moving markets, this could lead to significant financial losses.
- No support for custom indicators or trading bots — an essential feature for algorithmic traders.
Calling this software a “trading platform” would be an undeserved compliment to its developers. The only plausible reason for using such a low-quality tool is that the broker couldn’t afford to buy a properly licensed trading terminal — likely because it lacks legal registration.
There are also serious concerns regarding Monexis’ trading conditions. As mentioned earlier, the broker does not publish contract specifications. The information about trades provided in the account descriptions is also minimal.
Monexis offers four account types:
- Basic. Minimum deposit: €250.
- Standard. Minimum deposit: €2,500, leverage up to 1:100.
- VIP. Minimum deposit: €10,000, leverage up to 1:200.
- Prime. Minimum deposit: €50,000, leverage up to 1:400.
Other trading parameters are not disclosed. This means clients will have to figure out spreads, swaps, commissions, order placement intervals, and stop-loss execution levels on their own during live trading. Needless to say, this could result in substantial financial losses. However, it seems like that’s exactly what the broker is aiming for.
Note! On the Informers page under the Tools section, you can find a table displaying average spread values (calculated over different time intervals). However, we are unsure whether these values are based on the platform’s own data or if they were simply imported from the tool’s developer. Either way, we would not recommend relying on them.
Here are a few more important facts to note:
- The maximum leverage available to clients (1:400) far exceeds the limits set by reputable regulators, making trader risks unreasonably high.
- The broker discourages users from working with the Basic account. As we can see, it does not even have a specified leverage amount, nor does it provide access to educational materials or commission-free trading. A €250 deposit is clearly of little interest to the project owners — they are after much larger sums.
- As the minimum deposit requirement increases, so does the available leverage. This is a classic scammer tactic, ensuring that high-balance account holders are exposed to massive risks.
- The firm offers bonuses ranging from 50% to 150%. It is obvious that the company’s staff is either unaware that most regulators prohibit such incentives or is intentionally ignoring these rules.
These are standard scam-broker techniques. Something tells us that Monexis is no different from the rest.
The Reality Check
Monexis claims two major advantages:
- It operates in multiple countries, including the U.S.
- It is fully regulated.
The first claim alone is suspicious, as most brokers avoid dealing with U.S. residents or taxpayers altogether.
The reason? CFD trading is banned in the U.S. This makes it rather strange that Monexis claims to be registered in New York and to have an office there. Of course, the company “forgot” to provide a registration number, but we can verify its claims without one.
A search in the New York Department of State database shows no records of a company named Monexis. Moreover, according to OpenCorporates, the only firm with this name in the U.S. was once registered in Texas but ceased operations in 2020.
So, what does this tell us?
- Monexis has no official registration.
- It exists solely as a website and provides virtual brokerage services.
- There is no point in searching for licenses because a non-existent company obviously cannot have one.
And let’s not forget — operating without a license is illegal, especially in the U.S., where CFD trading is prohibited.
How Long Has Monexis Been in the Game?
Now, let’s check how long this project has actually existed. According to the About Us page, Monexis has been around since 2010. Naturally, we don’t believe that and will verify the real data using Whois to check the domain registration date.
The results? The monexis.org domain was registered only in September 2024. Based on the last major update, the broker likely only launched in January 2025.
Whether it was September or January doesn’t really matter — both dates are nowhere near 2010. Even the statistics on the homepage appear fake.
A brand-new broker cannot attract 45,000 clients in just six months (since September 2024). And it is even more impossible to reach that number in only two months (since January 2025). So much for the “15 years of market experience” — that lie completely fell apart. Not that we ever believed it in the first place.
Extra Fraud Indicators
Considering the limited lifespan of the company, we did not expect to find a large number of Monexis reviews online.
However, it would also be incorrect to say that the company is completely unknown to internet users. For example:
- Trustpilot has 13 reviews about Monexis.
- Reviews.io features 26 reviews.
Surprisingly, all authors rated the broker quite highly. After reviewing these posts, we have reached a disappointing conclusion — they are not about the project we are criticizing, but rather about some “ideal” broker where everything is perfect. Obviously, this wave of positive feedback was artificially created to boost the company’s image.
However, there are also alternative opinions online. Experts from trading-related portals provide detailed analyses of the firm’s activities and offerings. Unsurprisingly, they openly highlight all of the broker’s issues and describe it plainly and accurately: “scam” and “fraud.”
Is Monexis the Right Fit?
Our review leaves no room for doubt; this project was created by scammers with only one goal — to take traders’ money and keep it. The evidence is overwhelming. No official registration or license. Non-transparent financial operations. Lack of full disclosure regarding trading conditions. The offers from this fake broker might seem appealing, but the only outcome of dealing with this scam platform is financial loss. We strongly advise against depositing any money into accounts opened with Monexis.
Monexis is not a “suspected” scam… it is an undeniable scam! They attract clients through cold calls and social media outreach, offering supposedly “profitable” financial trading. Unfortunately, many beginners fall for the “American broker” image, believing it makes the company trustworthy. In reality Monexis exists only online.
Their trading activity is completely fake. Funds are never withdrawn. Instead, clients are told they must deposit even more money to “unlock” their balance. A classic scam… don’t fall for it!
Typical scam. They hide behind a fake 15-year history and U.S. registration, but in reality, they operate illegally. You will never get your money back, don’t even try. Your only option is to file a police report. That’s what I plan to do.
I have been used monexis for a while and have successfully made transactions without any problem. According to my experience, I would not categorize it as a scam