Banc De Monarch Review

Is Banc De Monarch Scam or Legit Broker?

Banc De Monarch is a 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 guarantee from the official entities that oversee the Forex industry. Thus the engagement in trading with such a company means the trader will believe only in the broker’s words, and of course, it is a high risk.
  

What is Banc De Monarch?

Banc De Monarch is a Forex broker owned and operated by 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.

Banc De Monarch Review Conclusion

We strongly advise opening a trading account only with brokers regulated by 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.

Banc De Monarch Update

Our findings showed that Banc De Monarch is no longer active. The broker’s website is unavailable to reach. Besides, there is no evidence of whether the broker operates or not. We recommend avoiding any offshore-based brokers due to their instability and lack of serious regulations.