Monesia has been flagged by Finansinspektionen for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". Loan Fee Fraud
Monesia/ Monesia Bank
Nino Bonnet, 6/A, 20154 Milano
Italy
Telephone: 3501814370
E-mail: [email protected] This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.banca.monesiap.it.
My card was charged twice by Monesia on the same day. I had to dispute it with my bank. Monesia 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: Professional team|Dedicated account manager
Cons: Spreads widen during volatile periods|Wait times can be long during peak hours
I closed a profitable position at Monesia and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Risk management tools|Dedicated account manager|Quick verification|API access
Cons: Spreads widen during volatile periods|Currency conversion fee exists
After seeing ads for Monesia online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Finansinspektionen. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Pros: Website looks legitimate on the surface
Cons: Not registered with regulators|Unrealistic promises
I want to warn everyone about Monesia. They have been flagged by Finansinspektionen 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.
Pros: Professional looking website
Cons: Blocked my account|No legitimate license|Fake returns
The hidden fees at Monesia 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: Professional team|Transparent fees
Cons: Alert system is basic
The reporting at Monesia is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Fast support response|Regular platform improvements|Social trading features
Cons: Would like more payment methods
I joined Monesia after my brother mentioned them and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Good mobile app|Real-time alerts|Great customer service|Easy to use platform
Cons: No phone support on weekends|Limited cryptocurrency options