Monecor Limited Review – Is Monecor Limited Scam or Legit?
Monecor Limited Review
Are you in search of a reliable broker that can provide you a safe and secure trading environment where you feel free to trade your financial assets online? Then you are, without any doubt, standing on the right spot as you are going to find here exactly what you are looking for. I know you want a trustworthy brokerage firm for your online trading, and therefore, you would want to know about Monecor Limited as it is one of the most reliable brokerage companies out there. This broker has a good reputation in the industry, which it has earned within no time as it is relatively a new company in the trading market. As it is a reliable and well-reputed broker, you should explore this firm, and you could do that by reading my in-depth Monecor Limited review, in which I have covered everything that you should need to know about this broker.
Overview Of Monecor Limited
Monecor Limited claims to be a Bitcoin (BTC)-based trading platform. It offers leveraged trading on various top-traded cryptocurrencies such as Bitcoin (BTC), Ether (ETH), Ripple (XRP), and Litecoin (LTC). However, its asset offering is not only limited to cryptocurrencies, but it has filled its asset index with other trading products also including forex, shares, commodities, and indices. It allows you to trade Contract-for-Differences (CFDs) on these trading instruments.
If we explore its background information, we will find that this broker was introduced in the market a few years ago in 2018, which means it is relatively a new broker in the market, and despite being a new one, it has been able to earn a good name in the trading industry. Monecor Limited has witnessed exponential growth since the first day of its establishment. Currently, it is serving customers in over 150 countries.
It provides a trading environment that is efficient, safe, and secured. It tries its level best to maintain security, and due to its major emphasis on security, it has made its security system one of the strongest. Trading tools and many other features are there which describe the worth of this brokerage firm.
Let’s move forward to find out what features and services Monecor Limited offers to its customers for the best execution of trades.
Monecor Limited Trading Platform
Out of all of the features offered by a brokerage company, the most important and significant one is the trading platform. The trading platform of a broker is basically software that helps traders to execute their trades, make decisions, and monitor each and every movement of the trading market. If you are trading on a good trading platform, then you won’t miss any good trading opportunities while trading in the financial market. A trading platform provided to you by a brokerage should be efficient in trade execution.
If it shows slowness in the trade execution process, then it is most likely going to influence your trading experience badly. In order to ensure a remarkable trading experience, it is a must thing to have a good trading platform. To earn a good trading experience at the beginning of your trading career is what you want. And you do not want to ruin that simply because of a bad trading platform. So, this is the reason due to which you need to be wise while choosing a brokerage firm.
Monecor Limited truly understands the fact that a trading platform plays a vital role in trading. Therefore, it has decided to offer users an amazing trading platform where users feel the highest level of convenience while executing their trades. The robust trading platform of Monecor Limited is for both professional as well as beginner traders. Highly advanced and powerful technology helps the broker in maintaining the efficiency of its trading platform. Low latency, ultrafast trade and order execution, great performance, intuitive and easy-to-use interface, and reliable market data are some of the qualities of Monecor Limited’ trading platform. Moreover, traders can also find great trading tools there, which makes the trading process further easy for them.
Monecor Limited Asset Index
When you adopt trading as your career, and you come to the stage of picking a trustworthy broker for your trading, then you must need to explore thoroughly the broker you want to choose. You need to look at each and every offering of the broker very clearly and closely. As in the trading field, a lot of things are important to be considered for a successful trading career. One of those important things is the asset index. When you pick a broker, you should deeply look into the asset index of the broker. If the asset index is filled with many different trading products, then that very broker is highly recommended for you.
However, if a broker only has one or two trading options in the asset index and also has a very limited number of assets for trading, then don’t even think about signing up with that broker. The reason is very simple. You do not understand the importance of this factor at the beginning, but when you move on with your trading journey, you start building your interest in different trading assets. And you want to trade all of your favorite assets, but when you come to know that the trading assets you want to trade are not available in the broker’s asset index, then it really disappoints you.
So it is better to select wisely at the beginning stage instead of regretting your decision during the peak of your trading career. Pick a broker where you can get access to all of the top-traded and famous trading assets. For instance, the broker we are reviewing, Monecor Limited, contains a wide variety of trading products, and there are numerous trading assets available on its trading platform. First of all, there is the option of trading cryptocurrencies. The broker offers this option as it knows that this asset class has gained a great deal of popularity over the course of the past few years, and due to the rapidly growing institutional interest, a lot of people from across the entire globe have turned their attention towards this asset class.
There are many famous digital currencies listed by the broker, which you can trade at its trading marketplace. Bitcoin is the first-ever decentralized cryptocurrency, and it is the most traded digital currency in the world of cryptocurrencies. Monecor Limited gives its customers an opportunity to trade this popular cryptocurrency. Along with Bitcoin (BTC), there are several other famous digital assets as well that are listed on the trading platform of Monecor Limited. These include the world’s second-largest cryptocurrency by market value, Ether (ETH), EOS, Ripple’s XRP, Litecoin (LTC), and many more.
Next on the list is forex trading. Almost every person in the world has heard of forex trading, and if you are already a trader, then you will surely know that the forex market is the biggest one in the trading world. As forex trading is popular how Monecor Limited could leave this option out of its asset index. Yes, you can trade various popular forex currency pairs at the platform of Monecor Limited. This option is also available to you.
You can also trade various commodities with Monecor Limited. The famous ones that you can access on Monecor Limited’ trading platform are Gold, Oil, Natural Gas, and many others. In the end, you have the option of trading indices as well. S&P 500, ASX 200, NIKKEI 225, and NASDAQ 100 are some of the top indices that are usually preferred by the traders from the indices market.
Easy Account Creation And Registration Process
For the convenience of traders, Monecor Limited has developed a simple sign-up process that only involves a few steps. In order to sign up and create your account with Monecor Limited, you do not need to follow a series of steps. Rather you have to fill only a short sign-up form to complete your registration. The sign-up form is given at the homepage of the official website of the broker. Once you click on the register option, a short form will appear in front of you, which will require you to submit your personal information.
The personal information that you have to enter in that form includes your complete name, email address, phone number, country of residence, and a promo code. After entering this information, you have to tell them your age is above eighteen by marking the box of terms and conditions. There is one thing that you must need to keep in mind is that United States citizens are not allowed to register with Monecor Limited. If you are a US citizen, then you can’t register with this brokerage firm.
Five Unique Account Types
In order to cater to all traders (including beginners, intermediate-level traders, and professional ones, Monecor Limited is offering five different trading account types. These five account types fulfill the trading requirements of traders of every level. These five accounts are Silver, Gold, Platinum, Diamond, and VIP. Let me share further details regarding these accounts types so that you can easily find the best one for you.
- The Silver Account
All of the brokers out there usually try to accommodate beginner traders especially. The reason is that they are new to the field, and therefore, they need to be accommodated very well so that they can build confidence. Keeping this in view, Monecor Limited has particularly designed an account type for newbie traders. This account is known as the Silver account. This trading account is very low cost and thus can easily be accessed by beginner-level traders. They only have to deposit €10,001 to open this account.
They can also deposit up to €20,000 if they desire to do so. But they are suggested to go low at the beginning instead of going high. As soon as they get the ownership of this account by depositing the demanded amount, they can start utilizing the features present in this account. They are provided with a 24/6 client support service. They have leverage of up to 1:20. A welcome bonus of up to 20 percent is given to the holders of this account. They are provided with trading signals. Moreover, it only takes up to seven business days for their withdrawal request to get complete.
- The Gold Account
Those who want fix spreads for their trading can opt for this account type called Gold. This account type is also for beginner-level traders. The only difference between this account and the Silver account is that it includes some more features than that of the first account. Though there are more features in this account, it also demands a higher deposit amount. In order to get access to the Gold account, traders are required to deposit at least €20,001. However, they can choose to go high and can deposit an amount up to €100,000.
Some of the prominent features of the Gold account are quarterly dividends, withdrawal approvals are completed within five business days, leverage up to 1:40, a full money-management plan for traders, monthly cashback, market reviews on a daily basis, one-on-one educational courses, one weekly managed session, analysis of market events, and trading signals and alerts.
- The Platinum Account
Next on the list is the Platinum account. Now, this account type is the one that can fulfill the requirements of intermediate traders. In this account type, all of the features are advanced as compared to the first two account options. The holders of the Platinum account can get access to all of the advanced trading platforms such as Web Trader, Meta Trader 4, and Mobile Trading.
The bonus offering is flexible, and traders can enjoy competitive spreads. Moreover, an account manager for the personal service of traders is also present, whose guidance traders can seek whenever they want. The prominent features of this account are account executive, up to 60 percent welcome bonus, $300,000 worth of monthly exposure, and traders are given access to the broker’s premium trading room. This account can be opened with €100,001, which is the minimum requirement for this account.
- The Diamond Account
The broker has tailored this account type known as Diamond very carefully so that it could fulfill retail forex traders’ needs and requirements. You can only access the features of this account and trade through it if you have at least €200,001 in your bank account. Otherwise, you can forget about this account. It consists of premium trading features. One of those premium features is that traders are provided access to VIP Mentorship Program. This is the feature that increases the worth of this account.
- The VIP Account
VIP Account is for VIP traders or, in other words, you can say those traders who have become very professional or experienced ones. It is a remarkable package for professional traders. The reason is it includes a large variety of features, and all of them are pretty advanced. But in order to get their hands on the amazing features of this account, these professional traders need to deposit more than €500,000.
Security Is The Top Priority Of Monecor Limited
Monecor Limited believes that it is its duty to provide complete security to all of those users who use its platform for trading purposes. It fulfills its commitment by providing security and protection to the customers’ funds, information, and assets. The broker has implemented a large-scale cyber-security framework whose function is to make sure that all of the measures are rightfully put in place.
The presence of strict security measures and strict security systems gives confidence to traders, and they trade comfortably without getting worried about the security of their personal information and funds. For preventing any unauthorized entrance to the account of users, the broker has implemented 2 Factor Authentication (2FA). Moreover, for the encryption of the traffic of the website, it utilizes the technique of SSL. In addition to that, the broker has a specific technical team whose task is to conduct check-ups and tests of the platform on a regular basis.
Exceptional Client Support Service
Customer support service also plays a vital role in deciding whether a broker is a good one or not. If a broker provides all of the other required trading features but fails to accommodate traders in the customers’ support section, then customers might not put it into the category of good brokers. The reason is that there are some beginner traders who need full accommodation at the beginning of their trading career as they know nothing about the trading field at the beginning stage.
However, the customers support service of Monecor Limited is exceptional while compared to others as it has focused entirely on providing a proficient service to users. Whenever a user is in trouble, he or she can feel free to reach out to the team of Monecor Limited, which is always ready to assist customers in each and every situation. Customers can contact them through email or their phone number.
Final Words
After looking at the services and features, especially the trading platform, which has been designed using top-notch technology, I was really impressed by this broker. I have provided everything that I know about Monecor Limited. It is now entirely up to you to make a decision whether this broker comes upon your merits or not.
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