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Maunto Forex Broker provides real users with 8 positive reviews, 1 neutral reviews and 23 exposure review!

Maunto Broker Review

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Maunto Review 32

Latest All(32) Positive(8) Neutral(1) Exposure(23)
Positive
Great Experience

I opened the account with Maunto with $250 . I have good experience in fact the profit i am getting is not the one i was told but yes its better to get it without doing anything

Neha Khan
2024-08-01
Exposure
All account balances have disappeared; fraud, withdrawal refusal

On May 29th, I opened an account and made three investment deposits totaling $15,250 at the request of the account manager until July 11th. As of July 17th, the total account balance (assets) was $16,929, and the remaining available amount for foreign exchange and stocks was $9,500. The account manager assured me that there was no need to worry because the margin level was above 280%. However, on July 17th, at around 11:20 PM Korean time, the account manager suddenly called and said that the margin level was dropping significantly. They urgently asked me to deposit an additional $5,000 to prevent potential losses. When I explained that I didn't have the money to deposit, the account manager became angry and abruptly hung up the phone. On July 18th, at around 6 AM Korean time, I checked my account balance and found that the previously remaining balance of $16,929 had suddenly become -$1,805. The account had a -132% ROI and a margin level of 23%. Within a few hours, the entire remaining account balance of $16,929 was depleted, and even the remaining available amount of $9,500 for foreign exchange and stocks disappeared. I had believed that I would make profits without incurring losses through these investments. However, as time went on, the account manager kept offering various products and information, urging me not to miss this opportunity and continuously requesting more investment deposits. Then, one day, the account balance suddenly plummeted to -132%, far beyond the expected 20% to 30% loss. Even the remaining available amount of $9,500 for foreign exchange and stocks vanished. Even if the purchased foreign exchange or stocks incurred losses, the remaining available amount of $9,500 should have remained as a balance. However, even that amount disappeared. I simply cannot understand this. I realized too late that these investment brokers and intermediaries were scammers. Please never follow their lead.

FX1395681821
2024-07-27
Exposure
I was scammed by Maunto

On May 29, 2024, I opened an account with $250. As soon as I opened the account, the account manager called me daily, mentioning stocks like NVIDIA (NVDA) and requesting investment deposits to make profits. They said that to make more profits, I needed to invest more, so I deposited $10,000 on July 4th. After depositing $10,000, I started making daily profits. To receive a discount on the transaction fee (swap), they said that if I deposited an additional $15,000, the transaction fee would be 100% exempt, and if I deposited $5,000, the transaction fee would be 50% off. So on July 11th, I deposited an additional $5,000. Then, on July 15th, I requested a withdrawal of $1,000. They assured me there was no need to worry because the margin level was above 280%. However, on July 17th at 11:20 PM Korean time, the account manager suddenly called and said that the margin level was dropping significantly, so they urgently called me and said that if I left it as it was, I could lose all the invested assets (balance). They suggested that I deposit an additional $5,000 to minimize the losses. When I said I didn't have the money to deposit, the account manager angrily hung up the phone. Then, on July 18th at 6 AM Korean time, I checked and found that the account balance, which was $16,929, suddenly became -$1,805. The account showed a -132% ROI and a margin level of 23%. Within a few hours, all the funds were depleted, and the withdrawal request for $1,000 made on July 15th was rejected for the reason of "low margin level." Since July 18th, when the account balance suddenly became -$1,805, the account manager has not contacted me at all, and within a few hours, all the funds disappeared without a trace. This is a scam.

FX1395681821
2024-07-25
Exposure
Scam , Cheating and Fraud

I opened an account with 250 USD on 6th June, 2024. After one day of some profit, account manager asked me to deposit more to invest in commodity & shares to make big profits. I deposited 5200 USD through my credit card. Everyday account manager used to call and asked me to open new positions. I started making good profit every day. I was able to withdraw 500 USD seamlessly. I converted the credit card transactions into EMI and asked my account manager to help withdraw 1000 USD before my credit card payment date. Company delayed the withdrawal and I had to arrange the credit card payment by myself. All was going well till 17th July 6:00 pm My account was showing 103% ROI. then suddenly my account manager called me and asked for more deposit and when I expressed my inability to do so , he expressed his anger and asked me to open new positions. Within few hours all my funds depleted . I am still in loss of 3950 USD. Sent mail to company but no action. Don't loose your hard-earned money.

FX3203519487
2024-07-19
Neutral
Average Spreads on Gold Account: VIP Upgrade Temptation Versus Cost

Gotta be honest, the Gold account spreads are just...meh. Not terrible, but nothing to write home about. I was thinking about upgrading to the VIP account for those tighter spreads, but dang, that requires a bigger chunk of change. The only reason I haven't bounced yet is because their customer support has been awesome, super patient with all my questions. But seriously, gotta figure something out about these spreads!

Samuel Harris
2024-06-28
Positive
Exceptional Guidance from Usman Mu & Farman: Early Market Profits Achieved

Thank you sooooo much!!! The individual guidance I received from their account managers like Usman Mu and Farman, was exceptional. They walked me through transactions, educated me about market workings, and led me to some early profits.

xiaoyu1
2024-04-26

  

Maunto 2025 Review: Everything You Need to Know

  Summary: Maunto presents itself as a user-friendly trading platform, primarily catering to beginners with its straightforward interface and a variety of trading options. However, concerns regarding its regulatory status and mixed user reviews raise questions about its reliability. Notably, the broker operates under the oversight of the Mwali International Services Authority (MISA), which is less recognized than other regulatory bodies.

  Note: It's essential to consider that Maunto operates under different entities across regions, which may impact user experiences and regulatory protections.

  

Ratings Overview

Category Score (out of 10)
Account Conditions 5
Tools and Resources 6
Customer Service and Support 4
Trading Setup/Experience 6
Trustworthiness 5
User Experience 5

  How We Score Brokers: Our ratings are based on a comprehensive analysis of user experiences, expert opinions, and factual data regarding services and conditions.

  

Broker Overview

  Founded in 2023, Maunto is a relatively new player in the forex and CFD trading landscape, registered in Saint Lucia and regulated by the Mwali International Services Authority (MISA). The platform offers a proprietary web-based trading system, primarily focusing on providing easy access to a variety of assets including forex, commodities, indices, stocks, and cryptocurrencies. The broker claims to prioritize user experience with features aimed at both novice and experienced traders.

  

Detailed Breakdown

  • Regulated Geographic Areas: Maunto is regulated in the Comoros Islands under MISA, which is known for its lenient regulatory framework. This raises concerns about the level of protection offered to traders.
  • Deposit/Withdrawal Currencies: The platform supports deposits in USD and JPY, with a minimum deposit requirement of $250.
  • Bonuses/Promotions: As of now, Maunto does not offer any bonuses or promotions, which aligns with many regulated brokers that have moved away from such incentives.
  • Tradable Asset Classes: Maunto provides access to over 160 CFDs across various asset classes, including 47 currency pairs, 10 cryptocurrencies, 12 indices, and 158 stocks.
  • Costs (Spreads, Fees, Commissions): The broker operates on a commission-free model, with spreads starting from 2.5 pips for standard accounts, which can be reduced to 0.9 pips for VIP accounts. Withdrawal fees apply, including a 3.5% charge for credit/debit card transactions and a $30 fee for bank wire withdrawals.
  • Leverage: Maunto offers leverage of up to 1:400 for forex trades, which is significantly higher than the limits set by many reputable brokers, posing higher risks for inexperienced traders.
  • Allowed Trading Platforms: The broker offers a web-based trading platform, with no mention of support for popular platforms like MT4 or MT5.
  • Restricted Regions: Maunto does not accept clients from several countries, including the USA, Spain, and North Korea, limiting its accessibility.
  • Available Customer Support Languages: Customer support is available in multiple languages, including English, Japanese, and Korean.

  

Ratings Revisited

Category Score (out of 10) Detailed Explanation
Account Conditions 5 While the minimum deposit is reasonable, the lack of transparency regarding account types raises concerns.
Tools and Resources 6 The platform offers educational resources, but many are only accessible after registration, which limits initial learning opportunities.
Customer Service and Support 4 Customer support is available 24/5, but user reviews indicate mixed experiences with response times and effectiveness.
Trading Setup/Experience 6 The trading platform is user-friendly, but the lack of advanced features may deter experienced traders.
Trustworthiness 5 The regulatory oversight by MISA is a concern, as it is not as stringent as other major regulatory bodies.
User Experience 5 User reviews reflect a mix of positive and negative experiences, particularly regarding withdrawal issues.

  

Detailed Analysis

  •   Account Conditions: Maunto requires a minimum deposit of $250, which is competitive. However, the lack of clarity regarding different account tiers and their specific benefits can be confusing for new traders. The absence of a demo account for all users also limits practical learning.

  •   Tools and Resources: While Maunto provides a range of educational materials, many are only accessible after account creation. This can be frustrating for potential users looking to evaluate the platform before committing funds. The educational content is deemed generic and not particularly insightful compared to other brokers.

  •   Customer Service and Support: Maunto offers customer support through live chat, email, and phone, available 24/5. However, user reviews suggest inconsistent service quality, with some reporting slow response times and unresolved issues, particularly concerning withdrawals.

  •   Trading Setup/Experience: The trading platform is designed to be intuitive, which is beneficial for beginners. However, the absence of popular platforms like MT4 or MT5 may deter more experienced traders seeking advanced trading tools and features.

  •   Trustworthiness: The regulatory oversight from MISA raises concerns about the level of protection afforded to traders. While the broker claims to have implemented measures like negative balance protection, the overall trust score remains moderate due to its offshore regulatory status.

  •   User Experience: Overall, user experiences are mixed, with some praising the platform's ease of use while others report significant issues, particularly with fund withdrawals. This discrepancy highlights the importance of due diligence before engaging with the broker.

  In conclusion, while Maunto presents itself as a viable option for beginner traders, potential users should weigh the risks associated with its regulatory status and mixed user reviews. The platform may be suitable for those prioritizing ease of use and accessibility, but traders looking for a robust, regulated environment may wish to explore alternatives.