Mendobev has been flagged by Commission de Surveillance du Secteur Financier for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Mendobev has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Flagged by Commission de Surveillance du Secteur Financier|Cannot verify credentials
I trusted Mendobev with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Competitive fees|Wide product range
Cons: No fractional shares
I want to warn everyone about Mendobev. They have been flagged by Commission de Surveillance du Secteur Financier 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: Blocked my account|No legitimate license|Fake returns
The only good thing about Mendobev is that they remind you why regulation matters. I found them through my accountant's suggestion. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Low minimum deposit|Comprehensive tools
Cons: Mobile app could be improved
The platform at Mendobev is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for close to eighteen months of dealing with this, I have had enough.
Pros: Demo account available|Segregated accounts|Stable platform|Clear documentation
Cons: Would like more payment methods
For anyone considering Mendobev, please be aware that this company has been flagged by Commission de Surveillance du Secteur Financier. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Flagged by international regulators|Due diligence required
After spending since the beginning of the year trying to make Mendobev work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Fast support response|Demo account available
Cons: Live chat only during business hours|No phone support on weekends
The mobile app from Mendobev is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Good mobile app|Low minimum deposit|No hidden fees|Transparent fees
Cons: Onboarding videos are outdated|No crypto staking
The onboarding at Mendobev was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Fast execution|Regular updates|Dedicated account manager|Transparent fees
Cons: Withdrawal takes 1-2 business days
KYC with Mendobev is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Risk management tools|Good mobile app|Social trading features
Cons: Wait times can be long during peak hours