MONTORO FUNDEX has been flagged by Comisión para el Mercado Financiero (Financial Market Commission) 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 referred a friend to MONTORO FUNDEX after comparing multiple platforms. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Clear documentation|Smooth onboarding
Cons: Limited demo account features
MONTORO FUNDEX changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Professional team|Helpful community forum|Regular updates
Cons: No phone support on weekends
I had a dispute with MONTORO FUNDEX 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: Dividend tracking|Copy trading available|Risk management tools
Cons: Search feature is basic
The spread at MONTORO FUNDEX is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after seeing their ad online and initially thought the platform was good - until I started trading seriously.
Pros: Clear documentation|Regular platform improvements|Easy to use platform
Cons: No integrated tax optimization
The platform itself is okay, but the customer service at MONTORO FUNDEX is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Two-factor authentication|Economic calendar|Clean UI
Cons: No crypto staking|Live chat only during business hours
For anyone considering MONTORO FUNDEX, please be aware that this company has been flagged by Comisión para el Mercado Financiero (Financial.... This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
I found MONTORO FUNDEX when my bank disappointed me and I searched for alternatives and the initial impression was positive. But since I retired last year 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: Excellent charting|Segregated accounts
Cons: Mobile app could be improved
After since mid-2025 with MONTORO FUNDEX, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Great customer service|Social trading features|Intuitive for beginners
Cons: Could offer more webinars
MONTORO FUNDEX has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Competitive fees|Risk management tools|Dividend tracking
Cons: Charting tools need more indicators|Research section could be deeper
MONTORO FUNDEX 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: Easy withdrawals|Two-factor authentication
Cons: Website design could be more modern|No live chat on mobile