MARKET MONITOR has been flagged by Financial Regulatory Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The hidden fees at MARKET MONITOR are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Competitive fees|Great customer service|Automated trading options
Cons: Charting tools need more indicators|Limited social trading features
Do not be fooled by the professional-looking website. Behind the scenes, MARKET MONITOR is disorganized and incompetent. I found them from a review site like this one and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Wide product range|Helpful community forum|Excellent charting|Competitive fees
Cons: Onboarding videos are outdated
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Cons: Flagged by international regulators|Due diligence required
I referred a friend to MARKET MONITOR based on a colleague's recommendation. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Quick verification|Comprehensive tools|Intuitive for beginners
Cons: Research section could be deeper
My card was charged twice by MARKET MONITOR on the same day. I had to dispute it with my bank. MARKET MONITOR then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: API access|Dedicated account manager
Cons: No phone support on weekends
After doing some research AFTER the fact (I know, I should have done this first), I discovered that MARKET MONITOR is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Professional looking website
Cons: Blocked my account|No legitimate license|Fake returns
After doing some research AFTER the fact (I know, I should have done this first), I discovered that MARKET MONITOR is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Professional looking website
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
I was about to invest with MARKET MONITOR but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Regulatory Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Unauthorized firm|Found in IOSCO warnings database