Banc De Monarch Review (2023)

Is Banc De Monarch a scam or a legit broker?

Banc De Monarch is 100% fraud company. The broker is registered offshore and does not hold any proper license from a well-known reliable financial regulator. It is NOT SAFE to trade Banc De Monarch. We never advise trading with an offshore broker, since the financial investment service they deliver is not trustable. The reason is simple, the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no any guarantee from the official entities that oversee the Forex industry. Thus the engagement to trading with such a companies means the trader will believe only on the broker’s words, and of course, it is a high risk.

Banc De Monarch is a Forex broker owned and operated by the Takeda Partners LTD registered in The Marshall Islands. The Marshall Islands is an offshore destination where usually brokerage services are not regulated.

The company claims to be located in London, UK and provides its address (10 King William St, London EC4N 7TW, UK) and contact phone number in the UK.

Despite its London location, Banc De Monarch is not authorized to provide financial services in the UK. Moreover, Spain’s CNMV has recently issued a warning against this brokerage firm.

We recommend avoiding trading with unregulated brokers as there is a high risk for the investors to lose their money.

Conclusion

We strongly advise opening a trading account only with the brokers that are regulated by the respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as Pepperstone and BDSwiss.

Yet, it is always great to hear your personal opinion about Banc De Monarch. So you may share your experience or thoughts or discuss them below or ask us for additional information.