MonoTrade
About MonoTrade Company
MonoTrade is a company offering binary options broker services, positioning itself as “Your ultimate trader”. The core activity of MonoTrade revolves around predicting asset price movements – whether they will increase or decrease. Upon correct forecasts, traders receive profits, while inaccurate predictions lead to losses, following the conventional binary options model.
History of MonoTrade Company
Established in 1999 by Belgian entrepreneur Kurt Brugge, MonoTrade originated as an investment firm aiding individuals with modest means in investing capital into ventures. In 2009, the company diversified into financial markets, followed by an international expansion in 2012. In 2017, a specialized department for Russian-speaking traders was inaugurated. MonoTrade made its online debut in September 2019.
Trading Accounts at MonoTrade
MonoTrade presents a range of 5 account types: Start, Silver, Gold, Platinum, Vip. The Gold account, requiring a deposit ranging from $10,001 to $50,000, is recommended as a starting point. This account offers a welcoming bonus of up to 120%, expedited fund withdrawals, access to analytical resources, and various other perks. The most accessible account is Start, necessitating a $250 deposit, whereas the priciest is the VIP account, requiring a $100,000 deposit.
Personal Account Experience at MonoTrade
Registering for a personal account on MonoTrade is a swift process, redirecting users promptly to the trading platform. Within the personal account interface, users can deposit funds, analyze their activities, and request fund withdrawals. Documentation submission is mandatory, including scans of a passport, utility bill, and the front side of a bank card.
Legal Documentation at MonoTrade
MonoTrade does not disclose details regarding registration certificates and licenses but asserts its status as a regulated entity. It is essential for users to review MonoTrade’s terms, warnings, and policies before engaging with their services.
Contacting MonoTrade
For any inquiries, individuals can reach out to MonoTrade via the website’s contact form, through email at support@mono-trade.com, or via phone at +44 658 659 8588. The company’s registered address is Rybná 716/24, Prague, Czech Republic.
This review has been prepared by the specialists at ExpertsReview.