Reported as a scam / unregulated
Why Monstrade is on the register
Monstrade claims to be owned and operated by Monstrade Dooel Skopje, is an international broker located in North Macedonia, which offers a range of investment products to traders, including Forex, Indices, Metals, Energies, Cryptocurrencies, Stocks and more instruments for trading in global markets. But it lacks detailed regulatory information. A company that offers financial services must have financial license in the country where it is located. Upon investigation, Monstrade is not authorised and regulated by the Securities and Exchange Commission of the Republic of North Macedonia, an offshore authority that doesn’t license forex derivatives brokerage activities. The truth is that Monstrade is not regulated by any regulators. Letting it hold or control investors’money is unsafe, and the money can not be protected by any laws. Monstrade is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you to the right next step. A free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.