MonumentTrade.com Review: A Closer Look at the Alleged Scam
MonumentTrade.com is a platform for online trading that has recently come into the limelight on the negative side. This is because many complaints have been directed against it, and many people have spoken out about bad and disturbing experiences that further raise the credibility red flag of a platform. The monumenttrade.com review will highlight the important concerns and issues that a potential investor should be aware of.
Company Name – MonumentTrade
Website – http://monumenttrade.com/
Address – NA
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.
Key Concerns Regarding MonumentTrade.com
1. Scam Allegations Are Rising
It has been reported that MonumentTrade.com falls under a growing list of dubious trading platforms. The platform has been implicated somewhere in the operations of fraudulent crypto trading and has had various investors claiming that MonumentTrade lured them into making deposits on pretenses. Once the funds are invested, users reportedly experience silence and inactivity from the support team on the platform.
2. Negative User Reviews Tell a Grim Story
There are some terrible user reviews, especially on Trustpilot. One user claimed as follows:
“This company is a scam. Don’t trust this company. They take a lot of money from you.”
Another review goes on to explain that representatives from MonumentTrade lie about their cancellation policies. It stalls or outright denies withdrawal of funds when users initiate the process. One highly notorious name related to the platform is “Eric Mohsen,” reportedly the chairman acting through Telegram. Victims say he used to run everything along with an associate named “Joseph” who manipulated accounts and eventually disappeared.
3. High-Risk Investment Practices
As stated, MonumentTrade.com is understood to be involved in extremely risky and non-black-box investment practices. Many users who have deposited money were made to believe that they had to hurry and deposit more, finally realizing they were being led into a trap. The investments turned out to indicate near impossibility in recovering money. Additionally, investors are increasingly frustrated and losing money due to a lack of proper customer support.
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