About Moneсor Europe
Overview
Moneсor Europe is a Cyprus-based financial services firm, established on 20 November 2020. The company operates through the domain monecor.eu and is registered in Cyprus.
As a relatively young firm, Moneсor Europe presents itself as an online trading broker. Its core offering revolves around derivative products, notably contracts for difference (CFDs) and leveraged forex trading, aimed at retail and professional traders.
Regulation and Safety
Moneсor Europe holds a Derivatives Trading License (Market Maker, or MM) from the Cyprus Securities and Exchange Commission (CySEC). This licence places the broker under the regulatory framework of the European Union's Markets in Financial Instruments Directive (MiFID II).
However, the specific licence status within CySEC's register is marked as a blank rather than an active or expired status, which may warrant caution. FXCanary's Scam Risk Score of 41/100 (Guarded) indicates moderate risk according to aggregated industry data.
Account Types and Trading Platforms
Based on the known facts, Moneсor Europe likely offers multiple account tiers, such as standard and professional accounts, to cater to different trader profiles. The official website may feature popular trading platforms like MetaTrader 4 or MetaTrader 5, though this is not confirmed from public records.
Without confirmed details, traders should verify available platforms and account conditions directly through the broker's website or customer support.
Instruments and Funding
As a CySEC-licensed broker, Moneсor Europe is expected to offer a range of CFD instruments, including forex, indices, commodities, and possibly cryptocurrencies. Leverage limits would typically comply with ESMA restrictions for retail clients (up to 30:1 for major forex pairs).
Funding methods are not publicly known from authoritative sources. Commonly, CySEC brokers accept bank transfers, credit/debit cards, and e-wallets. Traders should check the broker's website for specific payment options and any associated fees.
Target Audience
Moneсor Europe appears to target both retail and professional traders across Europe, given its CySEC regulation allows passporting into other EU member states. The firm's recent establishment suggests it may be focusing on building a client base through competitive spreads and leverage conditions.
Investors looking for a regulated European broker with moderate risk should evaluate Moneсor Europe against their own trading needs and risk tolerance.
Risk Score
FXCanary's Scam Risk Score for Moneсor Europe is 41 out of 100, classified as 'Guarded'. This score is derived from aggregated industry data and reflects a balanced risk profile, where regulation is present but other factors (like limited public information or licence caveats) prevent a higher confidence rating.
Traders are advised to conduct their own due diligence and consider the guarded score as a signal to proceed with caution rather than as an outright condemnation.
Overview compiled by FXCanary from regulatory records and public data. full Moneсor Europe review