Monecor Limited

According to WikiFX data, Monecor Limited carries a high-risk profile. The entity holds a very low overall WikiFX score of 1.43 out of 10. This assessment is primarily based on the broker's lack of any verified regulatory licenses, its operation from a region classified as suspicious, and the unverified status of all its claimed regulatory affiliations. Investors should be aware that these factors signify a fundamental absence of recognized financial protections.

No, Monecor Limited is not regulated by any authoritative financial authority. The broker lists affiliations with the UK FCA (Market Making License 186171), Cyprus CySEC (Forex Execution License 259/14), Cayman Islands CIMA (Derivatives Trading License 1442313), and UAE DFSA (Deriv Transmission License F000048). However, the status for each of these licenses is listed as 'Unverified' by regulatory databases. This means there is no independent confirmation of a valid, active regulatory license, resulting in a regulatory index score of 0.0.

Monecor Limited offers tiered accounts with varying minimum deposit requirements. The entry-level 'START' account requires a minimum deposit of 250€. The requirements increase with higher account tiers: 5,000€ for the 'BRONZE' account, 10,000€ for 'SILVER', 20,000€ for 'GOLD', 50,000€ for 'PLATINUM', and up to 100,000€ for the 'EXCLUSIVE' account.

Based on the available data, specific supported trading platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5) are not explicitly disclosed for Monecor Limited. The broker does state that all its account types allow the use of Expert Advisors (EAs), which is a feature commonly associated with the MetaTrader suite, but the exact platform name is not confirmed.