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Maunto foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.maunto.com/onboarding/personal-details-register, about the company's legal and temporary regulatory information, the company's address Ground floor, The Sotheby building, Rodney village, Rodney Bay, Gros-Islet, Saint Lucia.

Maunto Forex Broker

Basic Information

Registered Region
Saint Lucia
Operating Period
--
Company Name
DataWave Tech LTD
Abbreviation
Maunto
Company employee
--
Customer Service Email Address
support@mauto.com
Contact Number
+442031502347
Company Website
Company address
Ground floor, The Sotheby building, Rodney village, Rodney Bay, Gros-Islet, Saint Lucia
Keywords
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

AspectInformationCompany NameMauntoRegistered Country/RegionSaint LuciaFounded 2023RegulationNo licenseTradable AssetsIndices, Forex, Cryptocurrency, Stocks, Commodities, MetalsAccount TypesCLASSIC, SILVER, GOLD, PLATINUM, VIPMinimum Deposit$250Maximum Leverage1:400 for FX1:200 for Silver & Gold, Indices, and Commodities1:5 for Stocks/EquitiesEUR/USD Spread0.9 - 2.5 pipsTrading PlatformMaunto WebTraderDeposit & WithdrawalCredit/Debit Cards, Wire Transfer, APMs. Minimum withdrawal amounts vary by methodCustomer SupportMonday - Friday: 12:00 till 21:00 GMTLive chat, contact formPhone: +44 203 150 2 347Email: support@maunto.comRegional RestrictionsEuorpean UnionOverview of Maunto Maunto, registered in Saint Lucia in 2023, offers a wide array of tradable assets including indices, forex, cryptocurrencies, stocks, commodities, and metals. The broker introduces a range of account types - CLASSIC, SILVER, GOLD, PLATINUM, VIP - with a minimum deposit requirement of $250. It offers maximum leverage up to 1:400 for FX and varying levels for other assets. The Maunto WebTrader platform is their primary trading interface.Pros & ConsProsConsVarious trading optionsWithdrawal process can be lengthy (8-10 business days)Competitive spreadsInactivity fees chargedZero deposit commissionsMaintenance fees chargedNo fees for the first withdrawalComplex swap fees chargedFlexible e-wallet withdrawal amounts Is Maunto Legit? No, it is unregulated by any famous regulatory authorities, like ASIC, or FSA.Market Instruments Maunto delivers an extensive array of trading instruments via CFDs, encompassing indices, forex, cryptocurrencies, stocks, commodities, and metals. Indices offer insights into broader market trends, Forex trading presents a rich selection of currency pairs highlighting the market's depth, and cryptocurrencies introduce a dynamic investment avenue. Additionally, stock trading capitalizes on company-specific movements, commodities provide a hedge against geopolitical shifts, and metals trading offers a traditional safeguard against economic fluctuations.Account Types This broker provides 5 distinct trading accounts: CLASSIC, SILVER, GOLD, PLATINUM, and VIP. The initial deposit requirement for all accounts is $250. The Classic account does not offer a swap discount, which is a disadvantage when compared to other account types where this benefit is available.Leverage This broker offers the maximum trading leverage is up to 1:400 for forex trading, with adjusted levels for other assets such as up to 1:200 for Silver & Gold, Indices, Commodities, and up to 1:5 for Stocks/Equities.Asset ClassLeverageFX1:400Silver & Gold/Indices/Commodities1:200Stocks/Equities1:5Spreads & Commissions The Classic and Silver accounts offer EUR/USD and GBP/USD spreads starting from 2.5 and 2.8 pips, respectively, aligning with the standard for retail forex trading. For more experienced traders, the Gold, Platinum, and VIP accounts provide progressively tighter spreads, with the VIP account offering the most competitive rates, such as a 0.9 pip spread on EUR/USD. Interestingly, Maunto extends its competitive edge with flexible spreads as low as 0.03 pips for Platinum and VIP accounts, and crude oil trading offers dollar-based spreads. Maunto also charges zero deposit commissions across all account types.SpreadCLASSICSILVERGOLDPLATINUMVIPEUR/USD2.52.51.81.40.9GBP/USD2.82.82.321.4USD/JPY2.82.82.321.4Crude Oil$0.14$0.14$0.13$0.12$0.10Other Fees Maunto applies various non-trading fees, including withdrawal fees, inactivity fees, maintenance fees, and swap fees. The first withdrawal is free if the account is fully verified and has conducted at least one trade; otherwise, a $10 fee is applied. Subsequent withdrawals incur charges, such as 3.5% for card transactions and $30 for wire transfers. Inactivity fees scale with the period of inactivity, starting from 100 EUR after one month, increasing to 500 EUR beyond six months. A monthly maintenance fee of $10 is charged regardless of account activity. Swap fees are incurred for positions held overnight, calculated daily and tripled on Wednesdays to cover the weekend. These fees vary by asset class, including Forex, Cryptocurrencies, Commodities, Indices, and Stocks.Trading Platform Maunto's WebTrader platform delivers an accessible and intuitive trading environment, enabling users to connect from any device. It features a straightforward interface for customizing alerts and analyzing trading performance, supporting strategic decision-making. Additionally, Maunto places a strong emphasis on security, incorporating high-level technological measures and encryption to ensure the safety of users' trading operations.Deposit & Withdrawal Maunto offers several methods for depositing and withdrawing funds, including Credit/Debit Cards, Wire Transfer, and APMs. Withdrawal minimums are set at 10 USD/1500 JPY for Credit Cards and 100 USD/15000 JPY for Wire Transfers, with e-wallets offering more flexibility on amounts, subject to fees. Withdrawals are processed within 8 to 10 business days, but timelines differ according to local bank procedures.Education Maunto says to offer comprehensive educational resources, from beginner basics to advanced strategies, including market insights, interactive courses, and real-world knowledge. However, the education center is locked, and if you want to access education materials, you have to sign up or log in.Customer Support 24/5 Live Chat Phone: +44 203 150 2 347 Email: support@maunto.com Social media: Facebook, Instagram, Twitter, LinkedIn, YouTubeConclusion Operating since 2023 with offshore regulation, Maunto offers wide range of assets, competitive spreads, and no deposit fees are attractive. However, the platform's user-friendly features are marred by the costs through inactivity and maintenance fees, along with a slow withdrawal process.Q&A What types of assets can be traded on Maunto? Maunto offers trading in indices, forex, cryptocurrencies, stocks, commodities, and metals. What account types does Maunto provide? CLASSIC, SILVER, GOLD, PLATINUM, VIP, each with a minimum deposit requirement of $250. What is the maximum leverage available on Maunto? The maximum leverage is up to 1:400 for forex and varies for other asset types. Are there fees for deposits and withdrawals at Maunto? There are no deposit commissions, and the first withdrawal is fee-free. Subsequent withdrawals will incur fees, and there are also inactivity and maintenance fees. Are there any regional restrictions? Yes. Maunto does not provide its services to residents of the Euorpean Union or any other jurisdiction where such distribution would be contrary to local news and regulations.

Rating Index

VIP

Minimum Deposit
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PLATINUM

Minimum Deposit
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How to login to Maunto?
maunto Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a maunto Account Registering for a maunto account is the first step in your trading journey. Follow these detailed steps to ensure a smooth registration process: A

  

Maunto Forex Broker - Complete Information Guide

  

1. Broker Overview

  Maunto Broker, established in 2023, is a relatively new player in the online trading market. The company is registered under the name Datawave Tech Ltd and is headquartered in Saint Lucia. As a private entity, it aims to provide accessible trading solutions to both novice and experienced traders. The primary markets served by Maunto include forex, commodities, indices, stocks, and cryptocurrencies, catering to a diverse clientele that spans various regions, particularly in Asia.

  Since its inception, Maunto has focused on creating a user-friendly trading environment that emphasizes educational resources and responsive customer support. The broker has introduced several significant milestones, including the launch of its proprietary trading platform and the establishment of a regulatory framework under the Mwali International Services Authority (MISA), which oversees its operations.

  The business model of Maunto is centered around retail forex trading, offering a range of financial instruments to facilitate trading activities. The broker's commitment to providing a transparent trading environment is evident in its user-friendly interface and customer-centric approach.

  

2. Regulation and Compliance Information

  Maunto operates under the regulatory oversight of the Mwali International Services Authority, holding the license number T2023409. This regulatory framework is critical as it ensures that the broker adheres to specific operational standards, although it is considered a tier-5 regulator, which may not provide the same level of investor protection as more prominent regulatory bodies.

  The regulatory license is valid for the scope of activities defined by MISA, which includes forex and CFD trading. Maunto implements strict Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures to ensure the safety of client funds. Client funds are kept in segregated accounts, providing an additional layer of security.

  However, it is important to note that Maunto is not part of any investor compensation fund, which could limit the recourse available to clients in the event of financial disputes. Traders should conduct thorough due diligence and assess the risks associated with trading under such regulatory conditions.

  

3. Trading Products and Services

  Maunto offers a diverse array of trading products, focusing on high liquidity and popular asset classes. The broker provides access to:

  • 47 Currency Pairs: This includes major, minor, and exotic pairs, catering to a wide range of trading strategies.
  • CFD Products: Traders can engage with various asset classes, including:
  • Indices: 12 major global indices.
  • Commodities: 13 different commodities, including energy and agricultural products.
  • Metals: 6 precious metals such as gold and silver.
  • Stocks: 158 stocks from various sectors.
  • Cryptocurrencies: 10 cryptocurrency pairs.

  Maunto is committed to regularly updating its product offerings, ensuring that traders have access to the latest market trends and trading opportunities. The broker does not currently offer institutional services or white-label solutions, focusing primarily on retail clients.

  

4. Trading Platforms and Technology

  Maunto utilizes a proprietary web-based trading platform designed for ease of use and accessibility. The platform supports both desktop and mobile devices, allowing traders to engage in trading activities from anywhere at any time. Key features of the platform include:

  • MetaTrader 4 (MT4) Support: While Maunto primarily operates its own platform, it also supports MT4, which is renowned for its advanced charting tools and automated trading capabilities.
  • User-Friendly Interface: The platform is designed to be intuitive, making it suitable for traders of all experience levels.
  • One-Click Trading Functionality: This feature enables traders to execute trades quickly, capitalizing on market opportunities as they arise.
  • Advanced Security Measures: The platform employs robust encryption protocols to protect user data and transactions.

  The execution model is primarily Market Making, which may affect the pricing and spreads available to traders. Maunto's servers are located in secure environments to ensure reliable and fast order execution.

  

5. Account Types and Trading Conditions

  Maunto offers five distinct account types, each tailored to meet the varying needs of traders:

  • Classic Account: Minimum deposit of $250, average spread of 2.5 pips on major pairs, and no commissions.
  • Silver Account: Similar conditions to the Classic account but with additional features.
  • Gold Account: Offers tighter spreads starting from 1.8 pips.
  • Platinum Account: Provides even lower spreads starting from 1.4 pips.
  • VIP Account: The most exclusive option, with spreads as low as 0.9 pips.

  All accounts offer a maximum leverage of 1:400 for forex trading, while leverage for other asset classes varies. The minimum trade size is 0.01 lots, and the broker has a negative balance protection policy in place.

  Traders should be aware of the inactivity fee structure, which imposes charges based on the duration of inactivity, as well as the overnight fees for positions held beyond the trading day.

  

6. Fund Management

  Maunto supports a variety of deposit methods, including credit/debit cards, bank transfers, and alternative payment methods (APMs). The minimum deposit requirement across all account types is $250.

  • Deposit Processing Time: Funds are typically processed quickly, allowing traders to access their capital without significant delays.
  • Deposit Fees: There are no internal deposit fees, which enhances the cost-effectiveness of trading with Maunto.
  • Withdrawal Methods: Traders can withdraw funds via credit/debit cards, bank transfers, and e-wallets, with specific minimum withdrawal amounts set depending on the method.
  • Withdrawal Processing Time: Withdrawals are processed within 8 to 10 business days, which may vary based on the user's banking institution.
  • Withdrawal Fees: Maunto charges a 3.5% fee for credit/debit card and e-wallet withdrawals, and a $30 fee for bank wire withdrawals.

  Traders should also be mindful of potential third-party processing charges and ensure that their withdrawal requests comply with the broker's policies.

  

7. Customer Support and Educational Resources

  Customer support is a crucial aspect of Maunto's service offering. The broker provides multiple channels for assistance, including:

  • Email Support: Available for inquiries and assistance.
  • Live Chat: Offers real-time support during operational hours.
  • Phone Support: Available for urgent matters.

  Customer support operates from Monday to Friday, 12:00 to 21:00 GMT, providing coverage during key trading hours. However, the absence of 24/7 support may be a limitation for some traders.

  Maunto also emphasizes educational resources, providing traders with access to a range of materials, including:

  • Webinars and Tutorials: Covering essential trading concepts and advanced strategies.
  • Ebooks: Focusing on trading psychology, market analysis, and risk management.
  • Market Analysis Services: Daily insights and news updates to keep traders informed.

  These resources are designed to enhance traders' knowledge and skills, making Maunto a supportive environment for both new and experienced traders.

  

8. Regional Coverage and Restrictions

  Maunto primarily serves markets in Asia, with a focus on providing tailored services to regional traders. However, it does have restrictions on certain countries due to regulatory compliance:

  • Restricted Countries: Traders from the United States, Iran, North Korea, and several EU nations are not accepted.
  • Regional Offices: While the main office is located in Saint Lucia, Maunto's services are designed to cater to a global audience, with a particular emphasis on Asian markets.

  It is essential for potential clients to verify the availability of Maunto's services in their respective regions and ensure compliance with local regulations before opening an account.

  In conclusion, Maunto Broker presents a promising option for traders seeking a user-friendly platform with a diverse range of trading products. While it offers competitive trading conditions and educational resources, the lack of top-tier regulatory oversight and potential withdrawal delays are factors that traders should consider when evaluating their options.

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Latest Reviews

FX1395681821

FX1395681821

South Korea

The broker recommended an investment and I followed their instructions to execute the transaction. However, all of my investment funds disappeared in an instant and they have not taken any measures to compensate for the loss. It was a scam from the beginning, so let's not be deceived by the broker's words. The broker is still demanding investments while explaining the market situation.

Exposure

01-04

カナンの母

カナンの母

Japan

Many times, but still 4300 dollars have not been withdrawn. Maybe it's because of that. It is intentionally set to negative. There is definitely 4300 dollars. The remaining balance of 9000 to 10100 dollars is displayed as negative to make it impossible to withdraw. The strange payment fee remains unchanged.

Exposure

2024-12-19

カナンの母

カナンの母

Japan

It's strange, I've been waiting for a withdrawal request since November 23rd last month. Not only was it arbitrarily reduced, but my $4300 withdrawal request was also rejected. Strange fees have also been charged. It's a complete scam. Since they stopped answering the phone, there should be $4300 + $9000 in the negative. When you look at the representation of Bitcoin, it's clear that it's a complete scam. I requested a withdrawal because I want to cancel, but they're doing this. I hope I can recover everything. $4300 + $9000. For now, there is information about the amount even in the photos. It can be submitted. I have taken enough photos to explain the scam and the strange negative aspects on their side. I want to get my money back quickly.

Exposure

2024-12-16

Maunto

News

Broker’s Promise Turns to Loss – Funds Disappear, No Compensation!

Exposure Broker’s Promise Turns to Loss – Funds Disappear, No Compensation!

A South Korean trader experienced immediate loss after following a broker’s advice on certain investments. The broker further refuses to compensate for losses and keeps demanding additional investment deposits. The event spotlights issues about brokers employing deceptive methods to exploit traders and their funds.

Maunto Review: Imp. Things to Know!!

Exposure Maunto Review: Imp. Things to Know!!

Maunto, registered in Saint Lucia in 2023, operates under Comoros License, offering a wide array of tradable assets including indices, forex, cryptocurrencies, stocks, commodities, and metals. The broker introduces a range of account types - CLASSIC, SILVER, GOLD, PLATINUM, VIP - with a minimum deposit requirement of $250.

Maunto Forex Broker has an overall rating of 1.30, Regulatory Index 0.00, License Index 0.00, Business Index 5.38, Software Index 4.00 Risk Control Index 0.00.