Forex Brokers

Monferbit App (monferbitapp.com)

1.3 (15 reviews)
🇦🇺 Australia
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1.3
15 reviews
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About Monferbit App (monferbitapp.com)

Monferbit App (monferbitapp.com) has been flagged by ASIC (Australia) for "Unlicensed". Phones: 61476782094

Addresses: 26 Florence St Fullarton SA 5063 Australia; 28 Swaine Ave Rose Park SA 5065 Australia 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.com.

Customer Reviews

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Still fighting for my withdrawal

O
Oscar T.
6 days ago

Where do I even begin with Monferbit App (monferbitapp.com)? for over three years 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: Fast execution|Dedicated account manager|Clear documentation

Cons: Withdrawal takes 1-2 business days

No way to escalate complaints

T
Trevor H.
1 months ago

The onboarding at Monferbit App (monferbitapp.com) 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: Multi-currency support|Smooth onboarding|Fast deposits|Tax reports included

Cons: Cannot customize dashboard fully

Swap rates are predatory

G
George C.
1 months ago

I signed up with Monferbit App (monferbitapp.com) based on a colleague's recommendation and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.

Pros: Instant funding|Customizable dashboard

Cons: Wait times can be long during peak hours

Worst decision I made this year

M
Mia X.
3 months ago

The spread at Monferbit App (monferbitapp.com) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through a podcast recommendation and initially thought the platform was good - until I started trading seriously.

Pros: Automated trading options|Quick verification

Cons: Mobile app could be improved|Limited cryptocurrency options

Balance went negative they want it back

J
Jessica V.
4 months ago

I am in a dispute with Monferbit App (monferbitapp.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: Comprehensive tools|Two-factor authentication|High security standards

Cons: Slow to add new assets|Spreads widen during volatile periods

My trust has been shattered

N
Natalie T.
6 months ago

Monferbit App (monferbitapp.com) had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.

Pros: Reliable uptime|Wide product range|Multi-currency support

Cons: Minimum deposit could be lower

A joke of a company

E
Elizabeth O.
6 months ago

Monferbit App (monferbitapp.com) locked my account without warning and demanded documents I had already submitted. for the past year and a half later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.

Pros: Stable platform|Low minimum deposit

Cons: Nothing significant

A sinking ship

P
Patrick L.
6 months ago

I found Monferbit App (monferbitapp.com) after a friend recommended them and the initial impression was positive. But for about five months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.

Pros: Risk management tools|Good mobile app

Cons: Research section could be deeper

Shocking lack of professionalism

C
Christopher H.
9 months ago

I trusted Monferbit App (monferbitapp.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: Dividend tracking|Demo account available

Cons: Desktop app not available on Linux

Rollover requirements are insane

C
Chloe F.
9 months ago

I opened an account with Monferbit App (monferbitapp.com) for a few weeks now 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: Responsive team|Regular updates|Easy to use platform|Demo account available

Cons: Withdrawal takes 1-2 business days|Email notifications too frequent