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.
KYC with Monferbit App (monferbitapp.com) 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: Good analytical tools|Multi-device support|Fast support response|Reliable uptime
Cons: No dark mode on mobile
My withdrawal request from Monferbit App (monferbitapp.com) has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Clean UI|Quick verification|Full transparency|Intuitive for beginners
Cons: No integrated tax optimization|Slow to add new assets
The so-called education at Monferbit App (monferbitapp.com) is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for close to eighteen months thinking they would help me learn.
Pros: Risk management tools|Multi-device support
Cons: Currency conversion fee exists
I had high hopes for Monferbit App (monferbitapp.com) through word of mouth in my investment club, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Two-factor authentication|API access
Cons: Slow to add new assets
I gave Monferbit App (monferbitapp.com) a fair chance. After since last summer of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Stable platform|Good mobile app
Cons: Desktop app not available on Linux