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Monfex

Business Market Solutions LTD / Swiss-SVG Holding LTD
Website address
Broker type SCAM
Min deposit -
Regulations -
Polish support -
Discount -

Cumulative assessment

View ratings
2.1
Total average

2.1/10

Credibility ( 2.2 )
No withdrawal issues. No questionable practices.
Customer service ( 1.8 )
Contacting support. Deposit/withdrawal process. Reliability.
Offer ( 2.1 )
Spreads and commissions. Instrument availability.
Platform ( 2.3 )
Ease of use, quick execution, reliability.

Description

Monfex is a scam, run by Market Solution Ltd. This company also owns other scams, such as Maxitrade , MaxiMarkets, and umarkets. The brand engages in intensive marketing, as evidenced by the increasing number of reports from victims. Lack of licensing, registration, and legally prohibited bonuses are additional evidence of this scam.

Edit: The Monfex website now lists a new parent company, Swiss-SVG Holding LTD. It can be assumed that this is the next incarnation of Market Solution Ltd. This company also operates the website of the rogue broker Allianz Market .

Edition 10/08/2021: Monfex is on the Polish Financial Supervision Authority’s warning list

If you have been affected by Monfex, please share your opinion and comments.

We also invite you to join the group of people who have been harmed by dishonest brokers: https://www.facebook.com/groups/2368922039865323/

What to do if you have been injured?

We have prepared a guide for injured parties, read it here (link) .

Michał Misiura

Parameters

Business Market Solutions LTD / Swiss-SVG Holding LTD
Adres www
Broker type SCAM
Lever -
Min deposit -
Negative balance protection -
Regulations -
Polish support -
Platforms -
Payments -
EUR/USD Spread -
Min flight -
Country -
Year of establishment -
Number of instruments -
Discount -

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Monfex - brak nowych wiadomości

Monfex - Opinions (19)

5.3
Partial assessments
Credibility:5
Customer service:1
Platform:10
Offer:5

i got a phone signal from a supervisor on nasdaq to invest because it will fall and i opened an order suddenly the price started to rise and i am already $1200 in the negative it was rather a deliberate play .... I already had an analyst patryk dude , jacek bujanowski and adam miller with each only losses and deposits to maintain the account , if I had set then nasdaq to buy I would have already had $ 1200 earnings unfortunately they intentionally mislead

Plusses No plusses
Minors No minors
Posted on
8.0
Partial assessments
Credibility:9
Customer service:4
Platform:10
Offer:9

Most of the opinions are probably due to the fact that the broker has a strange approach to account verification, or more precisely, verification is only after the deposit, and then those who would not pass for some reason simply have a problem with withdrawal of funds. It is best to do the verification first and only then deposit anything. The spreads are very favorable, the speed of order execution is correct, it is not perfectly instant execution. Contact with support is a big minus because you wait a long time for a response. The platform itself is very nice and easy to read. The number of instruments could be greater

Plusses
  • niski spread
  • bardzo czytelna platforma
  • niski próg wejścia
Minors
  • kontakt z supportem
  • dziwna polityka weryfikacji danych
  • realizacja zlecen powinna byc szybsza, no ale to MM wiec pewnie ucinają
Posted on
1.0
Partial assessments
Credibility:1
Customer service:1
Platform:1
Offer:1

Fraud! I was fooled by promises of earning 20000zl per month to a person from facebook. They don't pay the deposit and illegally give out bonuses that can't be withdrawn either. Scam and behind the whole thing is the company mylead!

Plusses No plusses
Minors
  • Scam
Posted on
1.0
Partial assessments
Credibility:1
Customer service:1
Platform:1
Offer:1

For those who have been defrauded by people who promoted Monfex then I advise you to go to the Police, or possibly file a civil lawsuit against the person who encouraged you that "you will make big money."
Article 286 in the Criminal Code
§ 1. Whoever, for the purpose of financial gain, leads another person to an unfavorable disposition of his own or another person's property by means of misrepresentation or exploitation of an error or incapacity to grasp the action taken, shall be subject to a penalty of imprisonment from 6 months to 8 years.

Plusses No plusses
Minors
  • Brak możliwości wypłat
  • Trudna walka o zwrot wpłaty
  • Po prostu OSZUSTWO
Posted on
1.0
Partial assessments
Credibility:1
Customer service:1
Platform:1
Offer:1

They don't pay out money!!!!!!!!

Plusses
  • No
Minors
  • Nie wypłacanie środków
  • Naciąganie
Posted on
2.3
Partial assessments
Credibility:2
Customer service:3
Platform:2
Offer:2

Hello . I also got scammed and to the amount of $ 2270 . First I deposited $250 after investing according to the instructions of p.Ania I lost money , after a phone call from her that I can regain the lost money but I have to deposit 250 and she will give me a bonus of 250 . I let myself be persuaded for a while it was good after which I started losing again then in order not to lose everything again I deposited $270 , after that it was no longer p.Ania called me but Mr. Jacob persuaded me foolishly to deposit $ 1500 and promised a bonus of $ 1500 platinum account and account insurance for two weeks and that if I lose money during this time nothing will happen after the money back to the account , but it did not happen , I had to ask for a bonus and p.James recommended me such transactions on which I lost, when I bet on my own and earned something a little he was angry and just today I lost all my money including what I earned and with their bonuses and what turned out account insurance is only fiction, Mr. Jakup said that it was my fault and insurance is not due, and the day before he assured me that the insurance works and I do not have to worry because everything is under control. So beware of these scammers and do not fall for their tricks .And yet today it turned out that I have more money taken from my account than I paid them

Plusses No plusses
Minors No minors
Posted on
1.3
Partial assessments
Credibility:1
Customer service:2
Platform:1
Offer:1

After reading your posts and the first conversation with the manager, who wanted me to upload some program to log in through him, I decided to withdraw all the funds.
As you can easily guess it ended with constant phone calls from the Ukrainian manager and embarrassing remarks such as:
"And I want him to wash P. Me feet"
He lied that I have some open transactions without having
And the whole thing ended with threats on his part that if I write to him again, it will end badly for me.
After 1 conversation with this gentleman, I reserved my ID card and strongly discouraged the market of investments over the Internet and I will heavily screen everything I do for the future.
I was persuaded to the program by a bland Daniel Czerniewicz, who promised crores, and with the logging of the account ended. Beware of this gentleman and this service.

Plusses
  • Zwrócili po grożeniu prokuratura i policja
Minors
  • Problemy z wypłatą
  • Ukraiński manager
  • Pozyskiwacz - oszust
Posted on
1.0
Partial assessments
Credibility:1
Customer service:1
Platform:1
Offer:1

I managed to get my money back. I was lured with quick earnings by Iza Mazur, who promised to help, she sent her daily earnings. As I was about to start the account she wrote every now and then whether it was successful, then told me to send a picture of the credited account, because she gets 50€ for it. Fortunately, I figured out in time that they were scammers. I didn't have a verified account and demanded a refund. They didn't want to refund me called a couple of times saying that I should make money with them. They said they wouldn't do it until I verified the account. I submitted a chargeback request to the bank, wrote to them about it, then I got an email saying that they would refund my money within 7 business days and that I should withdraw the chargeback immediately. I got the money back. Don't be fooled. If you want to invest I recommend checking the portal, terms and conditions and reviews carefully.

Plusses No plusses
Minors No minors
Posted on
1.0
Partial assessments
Credibility:1
Customer service:1
Platform:1
Offer:1

After repeated phone calls to the counselor Mr. Matthew with a Ukrainian or Russian accent, I paid $250 on a trial basis.
Mr. supposedly-Matthew andbiecyć mi for $250 robot effectiveness which is 100% and supposedly in a month you can make up your deposit......
The same day called my personal analyst Mr. Andrew(also with an accent) who said that rob was nonsense and categorically refused. He wanted to teach me(a person who is green in trading and I had no idea about trading) scalping (on minute candles to collect 10-50 cents each) this training took just 5 minutes on such a principle :BUY PAN......... OOO... OOO... OOO SEE YOU ALREADY HAVE 10 CENTS CLOSE YOU.... BUT I STILL SUFFERED A LOSS OF 1 DOLLAR BECAUSE BY THE TIME I CLOSED THE PRICE HAD REVERSED..... Ending the conversation this psewdo Andrew and psewdo analyst at the same time gave me the so-called homework (open and close positions) by which I incurred a loss of $40.
Over the next two days he called said something about the webinar and that you need to open euro to dollar buy positions because he received a signal that the euro would go up. By which again a loss of 50 dollars because the euro went down..... For two days there were only some emails with strange and incomprehensible positions that I didn't understand at all and not a single phone call so I decided to go to a website like investing etc and opened positions myself.
P seemingly Andrew as he saw my positions immediately called and gave me some more through which I had already lost the whole thing.
After the lost money immediately there is a phone call from some cw@l(supposedly some manager there who offers a super bonus but to deposit $1000). J*** p*** they still have the nerve to call and rip you off further....
THEREFORE J*** CW***, THOU SHOULD HAVE THEIR 250 TO CURE CANCER OR HIV....
THEY PROMISE ONE THING THEY DO SOMETHING ELSE, THEY THINK THAT YOU CAN MAKE A MAN FROM ULUCA INTO A TRADER IN 5 MINUTES, THEY PROMISE SUPPORT 24 HOURS A DAY AND IN THE END THEY STAY IN THE EU THEMSELVES
NO BOTS, NO SIGNALS (WHICH IS 98% EFFECTIVE) AND NO PROFIT YOU WILL NOT SEE, ONLY LOSSES
EACH CALL I RECORDED AND TOOK SCREENSHOTS (I WILL TALK TO A LAWYER AND PROVIDE THESE RECORDINGS TO THE POLICE) I HOPE THAT THESE 250 WILL COME OUT SIDEWAYS FOR THEM

Plusses
  • ŻADNYCH
  • PLUSÓW
  • NIE MA
Minors
  • Naciągają na kasę
  • Nakają telefonami
  • Oszustwo na każdym kroky
Posted on
1.0
Partial assessments
Credibility:1
Customer service:1
Platform:1
Offer:1

This is a scam nothing more, just calls to deposit more money. End of the day a signal that zeros the account. After that, suddenly the analyst no longer calls.

Plusses
  • brak
Minors
  • tylko minusy
Posted on
1.0
Partial assessments
Credibility:1
Customer service:1
Platform:1
Offer:1

I met on ig @kasiasty_oliwier I wrote with him for some time until he finally persuaded me to deposit 250 dollars there is one very important issue because I told him I don't have 18 and he said I should say I have 18. in I paid Mrs. Marta Nowak called and then the analyst said he would get back to me tomorrow as you can guess he didn't call
The type from ig doesn't write back and I don't know what to do about it
it was all my savings and I'm wondering whether to go to court with it
Skam total
write what you did

Plusses
  • nie
  • ma
  • żadnych
Minors
  • skam
Posted on
1.0
Partial assessments
Credibility:1
Customer service:1
Platform:1
Offer:1

After setting up the account, the account manager called me several times urging me to deposit. I repeated to him several times that I first want to test the platform for functionality and, as far as I can see, there is no demo account. The service guy said that, in fact, there is a possibility of a demo account and he will set it up for me (i.e., he will do me a great favor). After which he again attacked me with phone calls that I can already use, etc. After a few days I received an email that the demo account was ready and I could test. Unfortunately, the demo did not work despite trying several times I was not able to use it and I let the subject go.
After about a month of silence.... again the caregiver called me with resentment and in a raised voice that what am I thinking.... I quote "You are bothering me". - he basically shouted. I was surprised because I wasn't the one who called monfex only to be attacked by phone calls myself and solicited to get the transaction up and running as soon as possible .... and politely asked to delete my account so as not to "bother" him anymore (there are, after all, other platforms where everything works ...) I received information from the consultant that after logging in there is an option to liquidate the account, unfortunately, after a thorough review of the panel there is no such option. So by email I sent a request to delete the account within 3 days. After this deadline, I refer the matter to the OCCP, as there is a reasonable suspicion of SCAM by the monfex.com platform.
And this is what my story with monfex looks like.

Plusses No plusses
Minors
  • niemiła obsługa
  • częste telefony z nagabywaniem
  • brak możliwości samodzielnego usunięcia konta
Posted on
1.0
Partial assessments
Credibility:1
Customer service:1
Platform:1
Offer:1

My adventure with MonFex is similar they are ordinary swindlers ! And I thought I would learn something about the stock market and instruct from the leading broker Ms.... Let's say Anna S. :-) Unfortunately, all their help is to deposit the amount of $250 as soon as possible, which then can no longer be withdrawn !!! so attention ... fortunately I did not give and I do not advise anyone to give their exact data and especially PESEL because they can do other scams like some credit to our account :-)And what about the $250 Ms. Anna so cleverly told me how to invest even used the so-called remote desktop : AnyDesk so that she herself could click what and how :-) ..... in less than 8h the account was empty !!! :-)Why did I allow the w/w ...well for me this $250 was not a very large amount and the persuasion of Ms. Anna was as compelling as a grandmother's so-called "grandchild" :-)
Sure there are some reliable in Poland but not MonFex !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Plusses No plusses
Minors No minors
Posted on
1.0
Partial assessments
Credibility:1
Customer service:1
Platform:1
Offer:1

Reported to the prosecutor's office
I was ordered by the guy from instagram "type_from_earning" I lost money,analyst Patrick suddenly disappeared, the guy from instagram also, monfex washes his hands and suddenly everyone left their work.
I warn you, do not go into it !!!5,5tys$ lost

Plusses No plusses
Minors
  • Oszustwo
  • Złodziejstwo
  • Naciąganie
Posted on
2.0
Partial assessments
Credibility:2
Customer service:2
Platform:2
Offer:2

If you do not invest a minimum of $5,000 the analyst does not want to work with you.
The problem with the deposit (often you have to deposit it twice) and then when it goes well and you flaunt about the withdrawal then the registration process prolongs mercilessly or...you lose everything.... and they hold a grudge against you....

Plusses
  • Dobre pierwsze wrazenie
Minors
  • Wschodni akcent analitykow, ktorzy rzekomo sa anglikami i nie wiedza gdzie lezy Ukraina
  • Problemy z depozytem i potwierdzeniem konta
  • Strata duzej ilosci zarobionych pieniedzy (ponad 400% zarobku depozytu srednio co tydzien) gdy chce sie wyplacic pieniadze
Posted on
8.0
Partial assessments
Credibility:10
Customer service:9
Platform:6
Offer:7

I deposited $250 without having much idea about playing the stock market, with the training program I participated in after a month I paid out $300, the other amount was left for further trading :)

Plusses
  • Customer service
  • Program szkoleniowy
  • Wypłaty w BTC
Minors
  • Oferta mogła by być szersza
  • Problematyczna wpłata
  • Dzwonią w różnych godzinach
Posted on
1.0
Partial assessments
Credibility:1
Customer service:1
Platform:1
Offer:1

Classically, I guess, you can deposit and with the withdrawal is already worse, although they keep urging for more

Plusses No plusses
Minors No minors
Posted on
1.0
Partial assessments
Credibility:1
Customer service:1
Platform:1
Offer:1

I warn against these scammers. The only thing that matters is to deposit money, all the time heartless persuasion to deposit even more money, playing on emotions. Harassment by phone. Changing account managers. Apparently Polish names and a strange accent. At the end giving such a signal to open a position, which finished the funds in the account. They scammed me for $750. Good thing I came to my senses in time. People be careful and don't get into this! I suspect that even if I wanted to withdraw, I probably wouldn't be able to. One big SCAM!!!

Plusses No plusses
Minors No minors
Posted on
1.0
Partial assessments
Credibility:1
Customer service:1
Platform:1
Offer:1

I made a $250 deposit and am unable to withdraw it!

Plusses No plusses
Minors No minors
Posted on

Submit your own review

Brak problemów z wypłatami. Brak podejrzanych praktyk.
Kontakt z supportem. Proces wpłat/wypłat. Rzetelność.
Wysokość spreadów i prowizji. Dostępność instrumentów.
Łatwość obsługi, szybka egzekucja, niezawodność.

 

Potwierdzam, że dodana opinia została stworzona na podstawie osobistych doświadczeń i żaden z brokerów nie zachęcał mnie w żaden sposób do jej publikacji.

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