MONIFY EXPERT has been flagged by Comisión Nacional del Mercado de Valores for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I found MONIFY EXPERT after attending a webinar they hosted and the initial impression was positive. But since last summer 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: Market news feed|Personal attention|Regular platform improvements
Cons: Search feature is basic|Website design could be more modern
Where do I even begin with MONIFY EXPERT? for the past six months 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: Instant funding|Competitive fees|Automated trading options|Low minimum deposit
Cons: No dark mode on mobile
After spending for nearly two years trying to make MONIFY EXPERT work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Easy withdrawals|High security standards
Cons: Help articles are sometimes vague
Customer support at MONIFY EXPERT seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Responsive team|Automated trading options
Cons: No phone support on weekends
MONIFY EXPERT locked my account without warning and demanded documents I had already submitted. for about eight months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Two-factor authentication|Competitive fees|Quick verification|Fast support response
Cons: Some tools only available on higher tiers
I have been trying to close my account with MONIFY EXPERT for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Risk management tools|Automated trading options|Educational resources|Dividend tracking
Cons: Help articles are sometimes vague|No integrated tax optimization
I am in a dispute with MONIFY EXPERT 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: Intuitive for beginners|Social trading features|Good analytical tools|Market news feed
Cons: Desktop app not available on Linux|No crypto staking
My withdrawal request from MONIFY EXPERT 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: Tax reports included|Two-factor authentication
Cons: Limited social trading features
The only good thing about MONIFY EXPERT is that they remind you why regulation matters. I found them from a blog post comparing services. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Responsive team|Professional team|Fast support response|Great customer service
Cons: Live chat only during business hours|Help articles are sometimes vague
If you are reading this considering MONIFY EXPERT - run. I wish I had read more negative reviews from a blog post comparing services. 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: Intuitive for beginners|Personal attention
Cons: Limited demo account features|Limited ETF selection