Monex crypt is a supposed Crypto currency investment platform where they trade investor capital and generate profits which they claim is higher than those of traditional investing methods. The site has listed a number of features on the homepage which are aimed at convincing investors not to think twice because the site is allegedly offering a safe and secure haven for investing. But is Monexcrypt any secure or is this a scam like many other similar operations on the internet?
Well, after spending time evaluating Monex Crypt, we have no doubt that this project poses a significant risk to those who are desperately looking for an online avenue where they can invest. The site is promising their clients that they will generate extra ordinary returns because they are using ”advanced” trading algorithms. This statement is almost becoming a cliche on the internet. It is vague because thousands of sites that operate like Monex Crypt claim to have this advanced algorithm but what exactly is this mythical algorithm? Why is it that all sites that claim to operate an advanced algorithm have no further explanation on the same? Because there is no answer to this question, it is safe to stick with safer investment alternatives.
Monex Crypt claims that it has its headquarters based in Singapore but company is registered in the UK. This sounds weird because we don’t see why a Singapore company can register their business details in the UK. Something sounds fishy in this explanation because we feel they are not telling the truth.
In their marketing materials, they claim to offer short and medium term trading services as well as consultancy in matters related to Blockchain technology. They even claim that their community has grown to 100,000 members who are spread out across the globe.
This sounds like a white lie because how can a newly registered website have 100K members in a short time span? Is it that their services can be verified as legit and so people are rushing to make riches through the site? The answer is no. These numbers are cooked. They cannot be verified for the simple reason that this site has numbers which cannot be verified.
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We are definitely interested in analyzing the features that this site is offering investors as well as the products. The site claims that they are working with professional traders who advice on matters related to trading. But the first thing we notice is how the titles of the features are misplaced. The title says one thing but the description of the site says a different thing altogether.
The site also promises instant withdrawals on their platform. According to the promotion material on their site, Monex Crypt has experts in Forex and Crypto currency trading, mining and in blockchain technology. They also state that their mission is to help Crypto currency investors make the right investment decisions. But this is an area that is regulated and Monex Crypt actually need a license in order to operate business in this area. Unfortunately, no licensing details have been provided anywhere on the site. This means that Monex Crypt is an illegal investment platform and also a highly risky project to invest with.
There are 3 investment plans in total. Monex Crypt claims that while creating each one of these plans, they considered leverage, sustainability and accountability. But it is not clear what kind of trading is going on in any of these 3 investment plans. They only tell us that these plans cater for those who want to invest in short, medium and long term projects.
The minimum investment is $100 and the maximum $1,000,000. Definitely no sane investor can invest this much on a suspicious project like Monex Crypt. It would be like committing financial suicide given that Monex Crypt has not demonstrated their capability to generate returns for their clients and on a consist basis.
The website of Monex Crypt claims that their future expansion plans are covered by insurance. When we read the explanation, we get a different thing altogether. The site is instead taking about how they want to launch a gold card which will allegedly facilitate Crypto to asset exchange transactions and spending through global ATMs. This has nothing to do with any insurance. In fact, this statement is only creating confusion because the company seems to be misguiding investors into making them believe that insurance of funds is in place when that is not the case.
Even if we wanted to trust this site, it would be an extremely difficult thing to do since the site is not transparent with the kind of information which they are using in their sales pitch.
The owners or operators identities are hidden and cannot be verified by willing investors. This further confirms that the site is fishy and the offer is actually not real. There is a sales video on the site that is asking internet users to join Monex Crypt but this sales video fails to convince us with proof of investing success.
There is zero trading performance, which is why the site is not touching on this area. They’d rather beat around the bush with many promises and fake features but no trading performance. This is very important because any investor who wants to put his money here will request to see trading results, and the numbers must be verified by an independent third party.
We do not have confidence on a site like Monex Crypt. The reasons are obvious and have been stated above. None of the things listed on this site are actually true. You can verify it yourself or even look at what the forums are saying concerning Monex Crypt/ There is no tangible proof that people are getting paid with this site. So we don’t see why a serious investor should waste their money here. If you’re looking for a serious way to trade Crypto currencies, there are much better ways to trade your money.
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