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Monafoli Review
🔴 Monafoli services are questionable – a warning sign!
🔴 Monafoli isn’t licensed – a red flag!
🔴 Monafoli isn’t transparent – a red flag!
🔴 Monafoli creates unrealistic expectations – a red flag!
What is Monafoli?
Monafoli is an unregulated broker platform similar to LegitHartford24, which we reviewed earlier. Problem with unregulated brokers is that they are not reliable and abuse the regulations. Make sure to stay away from them as they are anonymous and that they can disappear any time without notice. Companies providing online brokerage services without a license cannot provide their clients with any sort of protection.
Monafoli Regulation
They are unregulated and most likely totally illegal, which ultimately means that your funds will be in danger if you deposit! So, yet again, there is another reason to stay away from them!
As there is no regulation, the people running the platform can pocket your money while bearing no responsibility for their criminal actions. They can disappear any time without notice. Companies providing online investment services without a license cannot provide their clients with any sort of protection. In contrast, regulated firms are required by law to adhere to a slew of regulations that ensure the safety of client’s funds. For example, in most jurisdictions, a company will get a license if it meets the minimum capital requirement that varies by country and may also depend on the product specification, business classification and so on.
To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this investment firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why they are dangerous to deal with.
On top of that, once you click and provide them with your e-mail and contact number they will ring you immediately and promise you anything to make you deposit money with them as fast as possible. Most of the scammers are experienced manipulators and before you know it they’d ask for your bank card numbers to assist you with the deposit. You shouldn’t provide this information. There is also a chance to become a victim of Identity theft, experiencing many more problems consequently.
Monafoli Complaints
Depending on the amount of experience people have with brokers, it may be easy to tell what is legitimate and off-base before the problem starts. However, most of our clients were not aware their platform was problematic before they had already signed up. If they show any of these signs, either avoid them entirely or look very carefully before proceeding:
🔴 Not regulated
🔴 High fees and commissions
🔴 Not enough information on the website
🔴 Poor communication and refusal to answer questions
🔴 Pushy manner
🔴 Keeps mentioning rules and fees that were not outlined in the contract
🔴 Does not let you withdraw money from your account
Monafoli Products and Services
They are not safe, and we say so because it’s an unregulated broker. They always promise things they won’t deliver, and Monafoli makes no exception – they claim that customers can become rich quick, which is a scam offer seen from any viewpoint! Such promises are ludicrous, and they show that Monafoli is a suspected scam you should avoid! Beware!
Monafoli Customer Support
Monafoli allows you to contact them through telephone contact and email. They do not provide any location data. There is no certainty in the contact information available.
You ought to receive an instant reply to your query, if not fast. Nevertheless, fraudsters cut off communications upon receiving your money. It is improbable to deliver a friendly interface without proper customer relations. Active customer support assists in determining more trust in the company.
Are Funds Safe With Monafoli?
With such lack of information and being unregulated, funds are not safe. Security of funds is a huge problem with brokers. A red flag that we noticed is that they are withholding vital information to users. They could go bankrupt from one day to another since there are no banking information about them.
Monafoli does not guarantee the security of funds. The safety of your money is a top factor to consider in any platform. Any red flag is a warning you should not ignore. Investing your money with anonymous platforms not only puts your money at risk. Your data may fall into the wrong hands attracting criminal activities during the registration process.
Monafoli Withdrawals
The point at which many of our clients realize they are dealing with a scam broker is when they request to withdraw funds and the broker either won’t allow them or will make it difficult. They may employ the following tactics:
🔴 Will aggressively urge clients to make additional trades. The client often acquiesces because the broker will be quite pushy and make it clear he or she is in control since they hold the client’s funds
🔴 Will charge high withdrawal fees. Many clients will instead try to make more money to cover these high fees and will make more transactions instead of withdrawing
🔴 Cease communication. They may be evasive or simply not communicate at all.
If Monafoli is doing any of these things to avoid releasing your funds, do not hesitate to leave a comment to warn others.
Monafoli Review: our Conclusion!
Monafoli is an unregulated platform to avoid. Their methods for investment are unreliable.
If you have been scammed, feel free to leave a comment or if you wish to arrange a free consultation with our professionals, do not hesitate to submit your complaint by clicking the button bellow.
ℹ️ Monafoli Details
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🖥️ Website URL : www.monafoli.com
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⚖️ Regulation : Offshore Broker
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⚠️ FCA Warned Against Unauthorised firm - Monafoli
🚨 Monafoli not paying? Share your experience and get help
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I gave them 366 Canadian dollars should I just forget about it and avoid talking to them on the phone before I get into further trouble?
Yes, dont talk to them any more.^
Same with me. Paid them £250, got a lot of calls from mobile numbers that would not connect when I tried calling back. Just wanted more money all the time; it was when I said I didn’t have the funds to make further investments when things changed.
I tried to make a small withdrawal, and then all my trading details disappeared! Web pages changed when I clicked on the right hand menu bar. Tried to make a withdrawal on the profit made, and withdrawal page just kept refreshing.
Whoever wrote existing reviews are obviously Monafoli employees or paid to do so as they are false.
DO NOT TRUST MONAFOLI, they provide promises of USD50K per month then when you want to withdraw funds, your unable to withdraw a large amount. I was gullible & transferred in excess of 1.5million. All was changed to ETH leaving me with a massive capital gains bill. They advised they could help with a coin with no liquidity worth >USD30Million then advised they required USD540K (fees) to have ETH of this value (30million) for the transaction, withdrew the USD540K from my trading account & am struggling to have monies returned. Worse of all, they had the nerve to ask for a further USD59K for fees.
I am devastated as they are scammers, liars & turn when you don’t do what they ask. Cyber-crime is dealt with and the funniest bit is they say they are based in the UK. My uncle from Luton in the UK attempted calling the numbers on the Monafoli site and they don’t exist. Never heard UK/English men all sounding like they’re from some eastern block country. Comes around you Scum
I lost ca 120K Euro
I lost $119,000. CDN , still trying to get something back. They sold the company to unknown buyer with an auditor but won’t give any info. Will find the new owner sooner or later.Have police report in, thats the best we can do in Canada . The TV airing of Market Place says the RCMP does very little to nothing to track down these scammers. Yet they were able to track down scammers in India, What is wrong with our RCMP?
Scammers. Do not…I repeat DO NOT invest with Monafoli unless you want to say goodbye to your money.
I invested small. Only $300 USD just to check it out. Withdrawal is impossible. Assholes from the company will take you for a ride just to avoid you taking your money out.
They took 26k and they don’t send back to me after making profit, just forget your money. Don’t invest with them.
They took over 4 months 9000.00 of my money. When I ask them to have half back they said I would have to put over 5000. More in my Shakepay account to receive this. Shakepay has confirmed this is not true.
Definitely a scam.
THEY ARE SCAMMERS… DO NOT INVEST WITH MONAFOLI!!! I invested and lost 2250 pounds. The trading personnel invest on your behalf make little profits then ask for more money while promising higher gains… when in fact its a trap for you to see little profits then they make bad investment to pushing for more money… to balance out your account which they deliberately lost.. Don’t be fooled…
This is a genuine review of a business, namely Monafoli who are 100% scammers & I’m speaking from experience. Please refer to fca.org.uk (Financial conduct authority) & type in Monafoli. A warning exists so do not invest with them. I became aware (too late) that they went to the extent of writing fake reviews of persons advising how good there brokers are and profits available. This could not be further from the truth. The FCA website warns businesses like Monafoli often change contact addresses, details etc,are changed for unsuspecting investors. The men sound eastern European and have Engilsh names like Michael Davis, Dan Millar, Shawn Gilmore, Thomas Green etc. Is laughable as they don’t sound anything like men from the UK. Be warned the name may have changed but the scam hasn’t. I fell for the fake reviews & harrassment, namely daily calls. They have no intention of returning your funds/cryptocurrencies
Question, What is wrong with the UK fraud police? Or is there no such thing. How can these people with a solid LONDON ADDRESS keep on scamming people .? Are the LONDON POLICE working with this company? COMMONWEALTH COUNTRIES , like Canada seem to be targets Again where are the police ? I personally have $ 55 Canadian dollars ,contracts, and what seamed to be a growing crypto account. I even hired a company ACTION REFUNDS to go after my money. IT SEEMS THAT THEY AND THE UK GOVERNMENT ARE JUST LAUGHING AT US ! How much longer is the government FRAUD POLICE. going to let these people exist
IS THERE ANY COMPANIES THAT WILL GO WITH THE POLICE TO MONAFOLI’S front door and shut them down and get our money back?. HOW MANY PEOPLE & COUNTRIES HAVE AND CONTINUE TO BE DEFRAUDED ,and it goes on. WHERE ARE THE UK POLICE ,THIS DOESNT LOOK GOOD ON THEM!
Monafoli is a college school in UK.they teach people how to steal for low commissions on line.Canada is a red flag and they are been allow to control the TV news and internet Google,that is how i got trap and invest money on them thinking if tv is involved is Sirius to give at tried, well they never paid my deposit back and had about 30 different guys calling me a different time during the day asking for money,one of them told me to f#@#$ because i told him to stop calling and to closed the account ,but I just found out they are still trading under my name.PLEASE DON’T INVEST ANY MONEY WITH MONAFOLI THEY ARE BIG SCAMMERS AND YOU WILL NEVER SEE YOUR DEPOSIT OR PROFIT BACK,IT GET TO BE A NIGHT MARE AND YOU STOP TRUSTING EVERYONE, WHICH IS NOT RIGHT.