Monstrade Review
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Fast Facts
Contact Info and Support
Traffic information
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| Estimated monthly visits | July 2025 | 319 |
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About Monstrade
Monstrade (operating as Monstrade Dooel Skopje, based at Str. Kozara No 68‑2/6, 1000 Skopje, North Macedonia) offers trading in assets including Forex, indices, metals, energies, cryptocurrencies, and stocks. The platform provides account types such as Demo, Cent, Classic, Prime, ECN, and Islamic (swap‑free), with a minimum deposit of USD 100, maximum leverage up to 1:500, spreads from 0.1 (fixed and variable), and swap‑free options for certain products. Trading is supported via MT5 (WebTrader, PC, Mac, iOS, Android), and services include PAMM accounts, a proprietary Monstar trading assistant, digital wallet options, and promotional features like “MonStore” rewards and bonus campaigns.
No regulatory license is listed on the official site. Independent verifications confirm that Monstrade is not regulated by any recognized authorities such as the Financial Conduct Authority (FCA), ASIC, CySEC, or similar bodies, and is not authorized by the Securities and Exchange Commission of North Macedonia. review states Monstrade is “not authorised and regulated” by any regulator. placed Monstrade on its Warning List with a “Scam Alert” dated August 7, 2023. These findings indicate that Monstrade operates without valid oversight, posing significant risks to traders.
Who it’s for
- Investors seeking access to diverse asset classes (Forex, indices, commodities, stocks, crypto) via MT5.
- Traders looking for account variety including Islamic/swap‑free options.
- Users enticed by promotional campaigns and partnership rewards (e.g., MonStore, sports partnerships).
Pros and cons
Pros
- Wide range of tradable assets and account types, including Islamic options.
- Leverage up to 1:500 and both fixed and variable tight spreads from 0.1.
- Multi‑platform support via MetaTrader 5 (desktop, web, mobile) and unique digital tools (Monstar assistant, PAMM).
Cons
- No regulatory authorization or oversight from recognized financial authorities.
- Placed on the Financial Commission’s Warning List with a scam alert issued on August 7, 2023.
- Absence of investor protection mechanisms such as compensation schemes or fund segregation.
- Independent sources label it as unregulated and potentially fraudulent.
