MONEYPLANT Forex Broker

MONEYPLANT Review SummaryFounded2023Registered Country/RegionComorosRegulationNot regulatedMarket InstrumentsForex (30+ pairs), Commodities, Metals, Indices, StocksDemo Account✅LeverageUp to 1:500SpreadFrom 0.0 pips (as claimed); From 1.2 pips (Standard Account)Trading PlatformMetaTrader 5 (MT5), Copy Trading, Mobile Trading AppMin Deposit$100Customer SupportEmail: info@moneyplantfx.comPhone (UAE Office): +971-43489984MONEYPLANT Information MONEYPLANT is an offshore broker registered in Comoros and founded in 2023. It is not regulated by any authority. The broker provides a range of instruments including forex, commodities, metals, and indices, and operates on MetaTrader 5. It also supports copy trading and mobile platforms but lacks information on swap fees and does not offer Islamic account.Pros and ConsProsConsLow minimum deposit ($100)Not regulatedSupports MT5, mobile, and copy trading platformsSwap fees not disclosed; no Islamic accountClaims zero commission on tradesHigh withdrawal fees depending on method (up to $40)Is MONEYPLANT Legit? MONEYPLANT is not a regulated broker. Although it is registered in Comoros, it is not licensed by any recognized financial authority within the country. According to WHOIS, the domain moneyplantfx.com was registered on February 1, 2023, and is currently active until its expiration on February 1, 2026.What Can I Trade on MONEYPLANT? MONEYPLANT offers over 30+ currency pairs, along with various commodities, indices, metals, and stocks for trading. While it provides access to major financial markets, it does not support cryptocurrencies or ETFs.Tradable Instruments Supported Forex✅Commodities✅Metals✅Crypto❌CFD✅Account Types MONEYPLANT offers two account types: a Standard live account and a Demo account. The Standard account requires a $100 minimum deposit, features spreads from 1.2 pips, leverage up to 1:500, and runs on MT5 with market execution. It's suitable for regular traders who want flexibility and moderate trading costs. A free demo account is also available for beginners to practice. There is no mention of an Islamic (swap-free) account.Account TypeMin DepositSpreadsLeveragePlatformCommissionSuitable ForStandard$100From 1.2 pipsUp to 1:500MT5NoRegular tradersDemo$0From 1.2 pipsUp to 1:500MT5NoBeginners, practice useLeverage MONEYPLANT offers leverage of up to 1:500 on its Standard account. This allows traders to control much larger positions with a relatively small deposit.MONEYPLANT Fees Compared to industry standards, MONEYPLANTs trading fees are relatively low, especially with claims of 0.0 pip spreads on EUR/USD and zero commissions. However, details on swap (overnight holding) fees are not clearly disclosed.Non-Trading FeesNon-trading Fees Deposit Fee NoneWithdrawal Fee Up to $40 or 2.5% depending on payment typeInactivity Fee Not mentionedTrading PlatformTrading PlatformSupportedAvailable DevicesSuitable ForMetaTrader 5 (MT5)✅Windows, macOS, Android, iOSAll levels – advanced charting & analysisCopy Trading✅Web, Desktop, MobileBeginners & passive tradersMobile Trading App✅iOS, Android (Smartphones & Tablets)Traders who need flexibility on-the-goMetaTrader 4 (MT4)❌––cTrader / Others❌––Deposit and Withdrawal MONEYPLANT offers multiple deposit and withdrawal methods, with no deposit fees on most methods but withdrawal fees vary depending on the payment method. The minimum deposit is $100, and all withdrawals are processed within 24 hours.MethodMin. DepositMin. WithdrawalFees (Deposit)Fees (Withdrawal)Processing TimeBank Wire Transfer$100Not specifiedNone$402–4 days (deposit), 24h (withdrawal)Credit/Debit Card$100Not specified2.50%2.50%24 hoursAlternative Payment$100Not specified0% or 0.50%0% or 0.50%24 hours