Market Monkx has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Market...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I opened an account with Market Monkx for close to eighteen months ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Clean UI|Fast support response
Cons: No live chat on mobile|Could offer more webinars
My withdrawal from Market Monkx was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for the past six months of being strung along.
Pros: Segregated accounts|Educational resources
Cons: Search feature is basic
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Market Monkx recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Automated trading options|Instant funding|Stable platform
Cons: Desktop app not available on Linux|Limited cryptocurrency options
The hidden fees at Market Monkx 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: Low minimum deposit|Detailed reporting
Cons: Spreads widen during volatile periods|Live chat only during business hours
After seeing ads for Market Monkx online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Markets Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Not registered with regulators|Unrealistic promises
Where do I even begin with Market Monkx? for a couple of months now of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Clear documentation|Intuitive for beginners|Excellent charting
Cons: Live chat only during business hours
I want to warn everyone about Market Monkx. They have been flagged by Financial Markets Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
Opened my account with Market Monkx after attending a webinar they hosted and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Clear documentation|Economic calendar|Customizable dashboard
Cons: No phone support on weekends|Wish they had more educational resources
Do not believe the bonus offer from Market Monkx. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through my accountant's suggestion and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Two-factor authentication|Instant funding|Portfolio tracking tools|Detailed reporting
Cons: No phone support on weekends|Wish they had more educational resources