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MONSTRADE

Exceeded
Serbia
,
Since 2021
Last Updated:
61/100
Overall Score

Trading Conditions

Min Deposit:
USD100
Max Leverage:
500
Account Types
ECN AccountNo Swap AccountCentClassicPrime+2 more

User Reviews

—
Total Reviews
—
This Month
—
Avg Rating

Funding Methods

6 methods

Credit Card

credit card
hours
Fee:
Free
Fee:
Free

Debit Card

debit card
hours
Fee:
Free
Fee:
Free

Neteller

e wallet
hours
Fee:
Free
Fee:
Free

Perfect Money

e wallet
hours
Fee:
Free
Fee:
Free

Wire Transfer

wire transfer
days
Fee:
Free
Fee:
Free

Digital Wallet

other
Instant
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 62%, 2: License 69%, 3: Software 50%, 4: Spread 0%, 5: Account Type 62%, 6: Symbol 0%
Regulation
62%Fair
License
69%Good
Software
50%Fair
Spread
0%Poor
Account Type
62%Fair
Symbol
0%Poor

Company Information

Full Name:MONSTRADE Global Limited
Founded:2021
Headquarters:Serbia
Enterprise Offices:N/A

Customer Support

Phone:
+44 7307 2709 61
Live Chat:
business_hours
Response Time:
—
Languages:
English
Scroll Down
Editorial review
Updated

Broker Summary

What Wikilix has recorded about MONSTRADE: its history, the licences it holds, its trading conditions and its fees.

Broker Reviews for MONSTRADE - Overview, Features and Trading Terms

Introduction/Overview

MONSTRADE is an Online Trading broker that uses the catchy tagline "The Monster Trading Broker". This broker has been created for traders wanting to trade multiple asset classes using one trading platform. The MONSTRADE broker supports the well-respected METATRADER 5 (MT5) trading platform and has numerous trading products available; this makes it appealing to all traders; both novice and those with more experience are looking for diversity and flexibility within their trading activities.

Background/History

The MONSTRADE official website does not disclose the basic corporation and company details (i.e., Year Established, Owner, Headquarters) for the broker nor does it provide much detail about the broker's formation or corporate events throughout history. The MONSTRADE emphasis is on their trading platform and product range, so before opening a trading account, traders should consider these missing details about the broker during their due diligence.

Key Offerings and Features

Multi-Asset Trading

The MONSTRADE Broker provides access to numerous asset types, including:

Forex

Commodities

Bonds

Metals

Cryptocurrency

CFD

This broker claims to offer greater than 12,000 instruments to trade, meaning traders can gain exposure to various asset classes around the world from one account.

Account Types and Trading Platforms

The MONSTRADE Broker uses the METATRADER 5 (MT5) Trading Platform, which can be accessed on both Desktop, Tablet and Mobile Devices. The METATRADER 5 platform is known for its advanced charting capabilities, Automated Trading, and Multi-Asset capabilityAccount Categories That the brokerage firm offers Live Accounts and Demo Accounts What the brokerage firm has not released is any information on the different types of accounts available (such as ECN or Standard Accounts) and requirements needed to open these account types.The brokerage firm does not provide any documentation about the various regulatory regulatory bodies and it is not known if there are any licenses associated with MONSTRADE, thus preventing customers from being able to determine whether they are compliant with any government regulations.

Below is a table outlining the major services provided by MONSTRADE:

Member of a Regulatory Body Regulatory Body | License Number | Status

--- |--- | ---

Not Disclosed | Not Disclosed | Not Listed on MONSTRADE Website

Trading Conditions/Technology

Trading Conditions

Based on statements given on the MONSTRADE website, they claim that they have Competitive Spreads and allow their clients to trade over 50 currency pairs and thousands of CFDs. However, they do not state what Competitive Spreads are nor do they disclose the Max Leverage Rate or minimum Initial Deposit or Commission amounts of these Commission rates.

Platform Technology

The trading platform that MONSTRADE uses to allow clients to trade is the base version of the MT5 platform. They do Not use any Proprietary Technology or Proprietary Tools and only allow their clients to have access to the standard features provided by the MT5 Platform.

The table below provides a summary of MONSTRADE's services.

Feature Services

--- | ---

Trading Platform | MetaTrader 5 (MT5) for PC & Mac (Desktop), Tablets & Smartphones (Mobile)

Competitively Priced Spreads | Competitive (exact information unknown)

Maximum Leverage | Not disclosed

Minimum Required Deposit | Not disclosed

Commissions Per Trade | Not disclosed

Use of proprietary tools | None

Fee Structure

As the MONSTRADE website does not include a published schedule of all fees and commissions associated with trading through them, it is very difficult to determine what costs may be involved with the use of their company.

Fee Type Services

--- | ---

Deposit Fee | Not disclosed

Withdrawal Fee | Not disclosed

Inactivity Fee | Not disclosed

Commission on Trades | Not disclosed

User Experience/Industry Reputation

MONSTRADE appears to have created their user-friendly and easy-to-navigate website for experienced traders but does not have any Third-party Verified Reviews or Ratings or Evaluations posted on the website by customers. Despite this, the strength of their Business and the use of MT5 suggests that they are a reputable brokerage; however, due to the unavailability of information about MONSTRADE regulatory compliance, their Fee Schedule and Trading Conditions, these items represent the areas Trader's will need to be the most Wine in making their decision to open a trading account with MONSTRADE.

To summarize, MONSTRADE has marketed itself as a multi-asset brokerage through their platform providing over 12,000 different trading instruments and has also provided Demo and Live accounts to its clients. For traders looking for a great variety of trading opportunities with a familiar platform, these services may have the most draw due to the increased accessibility.

Due to the lack of published regulatory documentation, lack of distributed and detailed trading conditions, and lack of transparency surrounding the Fee Schedule, traders should perform extensive Due Diligence before opening a trading account with MONSTRADE. In addition, while MONSTRADE has a good reputation, offers superior technology and numerous trading opportunities, as always, traders should only use reliable information when making trading decisions.

Regulation check

Regulatory Licenses

MONSTRADE is listed with a tier-1 or tier-2 licence that we have not yet checked against the regulator's register. An unchecked licence is not a finding either way.

0 of 1 checked
Licences on record
1
Confirmed on register
0
Tier 1 or 2
1
Offshore
0

WIKILIX

Licence intelligence

The only licence on file

Licence Verification Record

Financial Conduct Authority 15234169

Recorded from the firm's own disclosure. Not yet checked against the register.

Jurisdiction
United Kingdom
Authority strength
Tier 1
Licence type
Common Business Registration
Not yet checked on the register

Client protection under this licence

  • Compensation schemeUp to £85000 (FSCS)
  • Client money kept separate
  • Negative balance protection
  • Complaints routeFinancial Ombudsman Service
  • Maximum leverage1:30

These are the rules FCA sets for the firms it licenses. They are not a statement about how MONSTRADE applies them, or about which of its companies would hold your account.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

Trading accounts
Updated

Account Types

5 account types on record. Minimum deposit from USD 100. Leverage up to 1:500.

5 account types
AccountMin DepositLeverageCommission
CentUSD 1001:1000
ClassicStandardUSD 1,0001:5000
PrimeVIPUSD 2,5001:5000
ECNUSD 10,0001:5000
IslamicSwap-FreeUSD 15,0001:1000
Account names and conditions as published by MONSTRADE, recorded by Wikilix.
Deposits & withdrawals

Funding Methods

6 ways to fund an account. One credits instantly.

6 methods
MethodDeposit feeWithdrawal feeMin depositWithdrawal min / maxProcessing
Credit CardCredit Card
Zero fees claimed on deposits/withdrawals but third-party fees (card issuer, currency conversion) may apply; minimum deposit varies between USD 100 and USD 15,000 depending on source.
Not recordedNot recordedUSD 100Not recordedNot recordedhour
Debit CardDebit CardMinimum deposit references vary; third-party fees may apply.Not recordedNot recordedUSD 100Not recordedNot recordedhour
NetellerE-Wallet1Not recordedNot recordedUSD 100Not recordedNot recordedhour
Perfect MoneyE-Wallet1Not recordedNot recordedUSD 100Not recordedNot recordedhour
Wire TransferWire Transfer
Zero fees only apply on deposits/withdrawals over USD 200; third-party fees may apply; processing times not precisely documented.
Not recordedNot recordedUSD 100Not recordedNot recordedday
Digital WalletOther
No granular public data on fees, limits, or supported currencies; promoted as fast processing.
Not recordedNot recordedNot recordedNot recordedNot recordedInstant

Broker's notes on these methods

  1. Third-party intermediary fees may apply; minimum deposit varies between sources. · applies to 2 methods
Fees, limits and processing times as published by MONSTRADE, recorded by Wikilix.
Trading software

Trading Platforms

One trading platform on record: MetaTrader 5.

1 platform
  • MetaTrader 5 logo

    MetaTrader 5

    by MetaQuotes Software Corpsince 2010Developer site

    MetaTrader 5 (MT5) is a next-generation multi-asset platform for trading Forex, stocks, and futures, with advanced analytics, faster execution, and powerful algorithmic trading tools.

    Runs on

    • Windows
    • Mac
    • Linux
    • Web
    • Android
    • iOS
    • API
    Details
Platforms and download links as published by the broker, recorded by Wikilix.
Websites

Global Domains

One domain on record. All active and served over HTTPS.

1 domain
  • monstrade.ioListed domainActiveHTTPS
Domains recorded by Wikilix. Only a domain listed here is known to belong to this broker.
Social channels

Social Presence

2 official channels on record.

2 channels
Channels as published by the broker, recorded by Wikilix.
Frequently Asked Questions

Frequently Asked Questions

Common questions about MONSTRADE

Most Popular Questions
Clients can reach MONSTRADE customer support via email at support@monstrade.com, live chat during business hours, phone at +44 7307 2709 61, or WhatsApp at 447450125781. Support is provided in English.
According to WIKILIX data, MONSTRADE offers a maximum leverage of up to 500. However, regulatory limits such as those from the FCA may apply depending on the client’s jurisdiction.
MONSTRADE accepts deposits via credit card, debit card, Neteller, Perfect Money, wire transfer, and a proprietary digital wallet. Deposits generally have zero fees, but third-party fees from card issuers or banks may apply. The minimum deposit is typically 100 USD.
MONSTRADE supports the MetaTrader 5 platform, which is available on web, iOS, macOS, Android, and Windows. MetaTrader 5 offers multi-asset trading with advanced analytics and algorithmic trading tools.
Yes, MONSTRADE Global Limited is regulated by the Financial Conduct Authority (FCA) in the United Kingdom. It holds a common business registration license and operates under onshore regulation with client fund insurance up to £85,000 through FSCS.
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