Monexus

Monexus is a brokerage entity registered in Belgium, having been founded on 11 April 2023. Its official website is monexus.eu, and its registered address is Bd Sylvain Dupuis 251, 1070 Anderlecht, Belgium.

The broker operates without any known regulatory licences from major financial authorities. This absence of oversight is a significant factor for potential clients to consider.

As per the information on record, Monexus holds no regulatory licences from any recognised financial regulator. This means that traders engaging with the broker do not benefit from the protections typically afforded by regulated entities, such as negative balance protection, segregated accounts, or access to compensation schemes.

The lack of regulatory status increases the risk profile of the broker and should be a primary concern for any trader evaluating Monexus.

Monexus offers five distinct account tiers, catering to different deposit levels and presumably targeting a range of trader capital sizes. The VIP account requires a minimum deposit of €100,000, while the GOLD account ranges from €50,000 to €75,000. The SILVER account requires €25,000 to €40,000, and the STANDARD account needs €3,000 to €5,000. The TRIAL account has the lowest entry point at €250.

The specific features, leverage, and trading conditions for each account type have not been disclosed in the available records. The maximum leverage for all accounts is listed as "--", indicating that this information is either not publicly known or not yet finalised.

No information is currently available regarding the range of instruments offered by Monexus. The known facts list instruments as "--", suggesting that the broker has not publicly detailed the assets available for trading.

Potential clients will need to consult the broker directly or visit its website to determine whether it offers forex, CFDs, commodities, indices, or other asset classes.

Monexus is registered in Belgium and appears to target both retail and high-net-worth individuals, judging by the high minimum deposits on some account tiers. However, without regulatory licences, its geographic reach may be limited, as many jurisdictions require local authorisation to solicit clients.

The high minimum deposits (up to €100,000) suggest a focus on experienced or affluent traders, but the lack of regulatory oversight introduces considerable risk for any investor.

FXCanary’s Scam Risk Score for Monexus stands at 52 out of 100, indicating an elevated risk level. This score reflects the absence of regulation, limited public information, and the relatively recent establishment of the company.

Traders should exercise extreme caution and conduct thorough due diligence before committing funds. Independent public information is scarce, and the broker's own website claims have not been independently verified.