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.
My withdrawal from Monferbit App (monferbitapp-au.com) 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 a few weeks now of being strung along.
Pros: Automated trading options|Real-time alerts|Clear documentation|Dividend tracking
Cons: Live chat only during business hours|Minimum deposit could be lower
I wanted to transfer my portfolio from another broker to Monferbit App (monferbitapp-au.com). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Multi-device support|Economic calendar|Market news feed
Cons: Would like more payment methods