Monferbit App (monferbitapp-au.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: monferbitapp-au.com.
Opened my account with Monferbit App (monferbitapp-au.com) through word of mouth in my investment club 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: Responsive team|Copy trading available
Cons: Search feature is basic|Website design could be more modern
I closed a profitable position at Monferbit App (monferbitapp-au.com) 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: Regular updates|Educational resources|Excellent charting|High security standards
Cons: Currency conversion fee exists|Limited demo account features
If you are reading this considering Monferbit App (monferbitapp-au.com) - run. I wish I had read more negative reviews after hearing about them at a conference. I thought the positive ones were real. Maybe some are. My experience over for a few weeks now has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Detailed reporting|Segregated accounts|High security standards|Real-time alerts
Cons: Limited ETF selection
I had a dispute with Monferbit App (monferbitapp-au.com) and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Social trading features|Easy withdrawals|Dedicated account manager
Cons: Alert system is basic|Limited cryptocurrency options
Monferbit App (monferbitapp-au.com) seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Wide product range|Personal attention|Copy trading available|Multi-device support
Cons: Some tools only available on higher tiers|Website design could be more modern
What really bothers me about Monferbit App (monferbitapp-au.com) is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them through a podcast recommendation and I fell for the polished exterior. Never again.
Pros: API access|Two-factor authentication
Cons: Minimum deposit could be lower|None so far
I am in a dispute with Monferbit App (monferbitapp-au.com) over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Economic calendar|API access|Wide product range|Market news feed
Cons: Live chat only during business hours
My card was charged twice by Monferbit App (monferbitapp-au.com) on the same day. I had to dispute it with my bank. Monferbit App (monferbitapp-au.com) 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: Comprehensive tools|Stable platform|Fast execution|Educational resources
Cons: No fractional shares|Mobile app could be improved
I trusted Monferbit App (monferbitapp-au.com) 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: Smooth onboarding|Risk management tools|Customizable dashboard|Easy withdrawals
Cons: Alert system is basic
The platform at Monferbit App (monferbitapp-au.com) is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for about five months of dealing with this, I have had enough.
Pros: Detailed reporting|Risk management tools
Cons: Limited cryptocurrency options|No phone support on weekends