Banc De Monarch Review

Banc De Monarch

Reason to avoid: Offshore license

Listed Date: September 3, 2018

Top 3 Regulated Forex Brokers

  • Company name: Takeda Partners LTD
  • Registration/license: Marshall Islands
  • Registration/license requirement: USD 2,000

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 to avoid trading with unregulated brokers as there is a high risk for the investors to lose their money. It is safer to choose among the trustworthy regulatory agencies, such as FCA in UK and ASIC in Australia. Check the lists of the FCA-regulated and ASIC-regulated Forex brokers here.

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