Maono Global Markets Review – Is Investing in maonoglobalmarkets.com Safe?
Maono Global Markets is a broker that claims to be headquartered in South Africa and was incorporated in 2022. Maono Global Markets provides Forex, Share, and Index trading with several account options such as Standard, BA (100% Bonus), and Micro accounts. Although it promotes utilizing the MetaTrader 5 (MT5) platform, available information indicates that the broker does not support any operational trading software.
About Maono Global Markets
Company Name – Maono Global Markets
Website – https://maonoglobalmarkets.com/
Address – Unit 3B Waterside Place 19 Carl Cronje Drive Tyger Waterfront Western Cape 7530
Regulatory Warning – Not Recommended By Review Website Like Scams Report
Domain Blacklisted Status – It seems there is no direct mention of this domain being on a blacklist.
Regulation and Trust Issues
Perhaps the most alarming thing in this Maono Global Markets review is the invalid regulation. The broker asserts it is an authorized representative of South Africa’s Financial Sector Conduct Authority (FSCA), but there is no way to verify this with any official sources. Doing business without a verified license is a tremendous red flag about the integrity of the platform and the security of the investors’ funds.
Trust Score and Online Presence
- TrustScore: 17/100
- Very low website traffic
- The website is being iframed by another domain
- Operates as a subsite with a lower-rated main site
Such red flags indicate that Maono Global Markets may not be a trustworthy option for investors.
Account Features and Customer Support
Though the broker provides several account options with leverage as high as 1:500 and spreads of as low as 1 pip, little can be known about deposit and withdrawal procedures. There are no educational materials and, more importantly, uneven quality in customer support to further taint the reputation of this broker.
Scam Concerns
This Maono Global Markets review highly recommends that the broker is likely running a scam. The absence of confirmed regulation, ambiguous operational policies, absent trading software, and negative online reviews all lend to a very suspicious setup. Investors are highly recommended to be cautious about this broker or look into other platforms that are regulated and licensed.
Due to its regulatory issues and poor online reputation, Maono Global Markets is not recommended for trading.
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About Scams Report
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Disclaimer: This review is based on online reports and customer complaints. Always research carefully before investing with any broker.
