Review of Monecor Limited: Is Monecor Limited a Scam or Legit?

Review of Monecor Limited Is Monecor Limited a Scam or Legit

Analysis of Monecor Limited

Are you looking for a broker who can guarantee you a secure platform to trade in your financial assets online? If so, you’ve arrived at the perfect place since this is where you’ll definitely discover it. I’m sure you’re looking for a dependable brokerage to use for your online trading, and I thought you would find the following information about Monecor Limited to be of interest. Despite being a relatively new organization in the trading market, this broker has quickly gained a solid reputation among industry insiders. My comprehensive analysis of Monecor Limited has all the information you need to decide whether or not to work with this broker. Monecor Limited is a reputable and trustworthy broker.

Introducing Monecor Limited

According to their website, Monecor Limited is a Bitcoin (BTC) exchange. Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC) are some of the most popular cryptocurrencies available for leveraged trading (LTC). But it’s not only a cryptocurrency exchange; it also offers trading in foreign exchange, stocks, commodities, and indices, among other things. CFDs (Contracts for Differences) can be traded on various tradable assets.

If we look into its history, we’ll learn that this broker entered the market only recently, in 2018. This makes it a young broker that has quickly established itself as a reliable option for traders. Since the company’s inception, Monecor Limited has expanded at an unprecedented rate. It currently has clients in more than 150 different countries.

It facilitates a secure and risk-free trading environment. It places a premium on safety, and as a result, its security measures are among the toughest in the world. The features and trading tools available at this brokerage firm are indicative of its value.

Continue reading to learn about the tools and resources available from Monecor Limited that facilitate efficient trade execution.

Online Trading System Provided by Monecor Limited

The trading platform provided by a broker stands above all other characteristics in terms of importance and relevance. A broker’s trading platform is essentially a piece of software that facilitates trade execution, decision making, and monitoring of the entire market. The best trading platforms can help you make the most of your time in the financial markets. You should be able to execute trades quickly and easily on the trading platform your broker provides.

Any sign of sluggishness during the trade execution process is likely to negatively affect your trading experience. Having a reliable trading platform is crucial for achieving a satisfying trading experience. Ideally, you’d gain valuable trading experience right at the start of your profession. And you definitely don’t want to throw that away on a shoddy trading platform. For this reason, it’s important to use caution while selecting a brokerage.

When it comes to trading, Monecor Limited knows firsthand how important a trading platform can be. That’s why it’s opted to provide its customers with an incredible trading platform that makes placing trades as easy as possible. The sophisticated Monecor Limited trading platform is suitable for both experienced and inexperienced investors. To keep its trading platform running smoothly, the broker relies on cutting-edge, powerful technology. The Monecor Limited trading platform features low latency, quick trade and order execution, exceptional performance, an intuitive and easy-to-use interface, and trustworthy market data. In addition, the site provides traders with excellent trading tools, streamlining the trading procedure for them.

An Evaluation of Monecor’s Assets

When you decide to make trading your profession and reach the point where you need to find a reliable broker for your trading, you should do as much research as possible before making a final decision. Each and every one of the broker’s offerings requires your undivided attention. Like the trade industry, several factors must be taken into account to ensure a prosperous career. Among these factors is the asset index. You should investigate the broker’s asset index thoroughly before choosing them. A broker comes highly recommended if the asset index contains a wide variety of products for trading.

If a broker has a small selection of assets and only one or two trading possibilities in the asset index, you should look elsewhere. Reasoning is elementary. At first, you may not realize the significance of this consideration, but as your trading career progresses, your curiosity for various trading assets grows. As a result, it’s disheartening to find out that your preferred trading assets aren’t included in the broker’s asset index, despite your desire to trade them.

Rather than second-guessing your choice at the pinnacle of your trading career, it’s best to make a thoughtful choice at the outset. Select a broker from whom you can trade all the most actively traded and well-known assets. In particular, the broker we are looking at, Monecor Limited, offers a comprehensive range of trading products and access to a large number of trading assets. In the first place, there’s the prospect of engaging in cryptocurrency exchange. The broker provides this choice since it has seen a significant uptick in interest in this asset class over the past few years, especially from institutional investors. As a result, many people all over the world are now paying close attention to it.

The broker offers a trading platform where you may buy, sell, and exchange a variety of digital currencies. Bitcoin was the first decentralized cryptocurrency and currently is the most traded cryptocurrency. Customers of Monecor Limited can engage in bitcoin trading with ease thanks to this company. The Monecor Limited trading platform includes not only Bitcoin (BTC), but also several other well-known digital assets. Ether (ETH), the second-largest cryptocurrency by market value, EOS, Ripple’s XRP, Litecoin (LTC), and many others are all examples.

Foreign exchange (Forex) trade comes next. Practically everyone has heard of foreign exchange (Forex) trading, and if you are a trader, you already know that the Forex market is the largest market in the trading world. It’s puzzling that Monecor Limited’s asset index doesn’t include foreign exchange trading, given how common it is. Monecor Limited’s platform does really allow trading in a wide variety of the most liquid foreign currency pairings. As an alternative, you can also do this.

Monecor Limited also facilitates commodity trading of many kinds. Gold, oil, natural gas, and many others are just some of the well-known commodities that may be traded on Monecor Limited’s website. The final option is to trade indices. Many traders in the indices market focus on the S&P 500, ASX 200, NIKKEI 225, and NASDAQ 100.

Registration and account creation are a breeze.

Monecor Limited has created a straightforward registration procedure for its trading clients. It is not necessary to go through a predetermined procedure in order to open an account with Monecor Limited. Instead, registering requires you to fill out a brief form. To join, all you need to do is visit the broker’s main website and look for the registration form there. You can join our community by filling out the brief form that appears once you select the register tab.

You’ll need to provide your full name, email address, phone number, country of residence, and a promotional code in that form. Once you’ve entered this data, check the box indicating that you’re above the age of 18 to continue. U.S. citizens are prohibited from registering with Monecor Limited, so keep that in mind. This brokerage firm does not accept applications from US citizens.

There Are 5 Different Types of Accounts

Monecor Limited provides five distinct trading accounts to meet the needs of all traders, whether they are complete newcomers to the market or seasoned pros. All levels of traders can find an account type suitable to their needs among these five options. There are five different types of memberships: Silver, Gold, Platinum, Diamond, and VIP. I’ll fill you in on the specifics of each account type so you can pick the one that works best for you.

Funds in Silver

It’s common practice among all brokers to make special efforts to meet the needs of new traders. The reason for this is that they are inexperienced in the field and require special treatment in order to feel comfortable in their roles. With this in mind, Monecor Limited offers a special account type aimed squarely at novice traders. It’s referred to as the “Silver” account. An account like this is affordable even for novice traders. They need only deposit €10,001 to get started with this account.

The maximum deposit they can make is €20,000. The recommendation is that they start on the low end rather than the high end. By depositing the minimum required amount, they will become the legal owner of this account and gain access to all of its features. Customer service is available to them around the clock. Their leverage can reach up to 1:20. Account holders can receive a bonus of up to 20% just for opening an account. They are given trading signals to follow. The entire withdrawal process can be finalized in as little as seven business days.

A Gold Star Account

The Gold account is for those who prefer to trade with fixed spreads. New traders can open this account type as well. The Gold account is identical to the Silver account except that it provides access to a few extra tools. The higher minimum deposit required by this account is offset by the additional features it provides. Traders who want access to the Gold account must put in at least €20,001. They can, however, go all out if they like and put up to €100,000 down.

A few of the most notable characteristics of the Gold account are as follows: quarterly dividends, withdrawal approvals that are processed in no more than five business days, leverage of up to 1:40, a comprehensive money management plan for traders, monthly cashback, market reviews on a daily basis, one-on-one educational courses, one weekly managed session, analysis of market events, & trading signals and alerts.

Insist on a Platinum Membership

The Platinum level of membership is next on the agenda. As of right now, this account type is the only one that can meet the needs of intermediate traders. All of the functions in this account type are more sophisticated than in the first two. Clients with a Platinum account have access to all of our cutting-edge trading tools, including Web Trader, Meta Trader 4, and Mobile Trading.

As a trader, you can take advantage of the bonus’s adaptability and the market’s competitive spreads. Additionally, traders have access to a dedicated account manager for round-the-clock support and advice. A dedicated account executive is provided, along with a welcome bonus of up to 60%, monthly exposure of $300,000, and access to the broker’s premium trading room. The minimum opening deposit for this account is €100,001.

A Diamond in the Rough

The Diamond account type was developed by the broker to meet the specific needs of retail forex traders. Having at least €200,001 in your trading account is required to gain access to the features of this account. If you don’t want to keep this account, then don’t. High-end trading tools are included. The VIP Mentorship Program is one of the premium services offered to traders. This is the main selling point of the account.

The Special Access Password-Protected Account

If you want to trade like a pro, you need a VIP account, which is reserved for the most serious investors. This set is fantastic for serious traders. This is due to the fact that it has so many advanced features and options to choose from. However, these high-volume traders will need to put down more than €500,000 before they can access this account’s fantastic features.

When it comes to safety, Monecor Limited is the company to call.

Monecor Limited considers it an obligation to ensure the safety of all traders using its platform. It delivers on its promise by keeping its customers’ money, data, and property safe. The broker has deployed a comprehensive cyber-security framework to verify that all precautions have been taken.

As a result of these safeguards, traders are able to conduct business without worrying about the safety of their personal data and money. The broker has implemented Two-Factor Authentication to ensure that its users’ accounts are secure from unauthorized access (2FA). Not only that, but SSL is used to encrypt all of the website’s traffic. As an added measure, the broker has a dedicated technical team whose job it is to perform routine checks and tests on the platform.

Superior Service in Supporting Customers

A broker’s quality as judged by their customer support is also crucial. Even if a broker offers all the other necessary trading features, it may not be considered a good choice if its customer service is unhelpful to traders. The reason for this is that there are some newcomers to the trading field who need to be fully taken care of at the outset because they know very little.

When compared to the competition, however, Monecor Limited’s customer service stands out as particularly impressive because of the company’s unwavering dedication to providing effective assistance to its customers. Users can always reach out to the helpful staff at Monecor Limited for assistance, as they are available 24/7/365. You can reach them via email or phone.

Final Thoughts

The broker’s services and features, especially the cutting-edge technology used in the trading platform’s design, have left a positive impression on me. As much information as I have gathered about Monecor Limited, I have provided below. If this broker sees your value, it is now entirely up to you to decide.

Orizu Augustine
Orizu Augustine is an experienced crypto writer working for Alltechcraft. Having passion for writing, he covers news articles from blockchain to cryptocurrency and iPhone and Samsung related articles.