Moon4Traders Review

Is Moon4Traders Scam or Legit Broker?

No, Moon4Traders cannot be considered a reliable broker due to its absence of a top-tier license. Moon4Traders LLC is incorporated in St. Vincent & the Grenadines as an international business company with registration number 1925 LLC 2022. The broker also claims to be regulated by the MWALI International Services Authority (Licence Number:T2023270). 

• It is a known fact that St. Vincent & the Grenadines is an offshore zone and brokers registered there cannot be considered safe to conduct Forex trading. As a result, brokers operating in this jurisdiction often have a history of being implicated in financial fraud or engaging in fraudulent activities. To avoid the risk of losing financial investments, our advice is to trade only with well-regulated brokers with good standing in the market. Brokers like Moon4Trades, ProsperityFX, FxBitCapital, and other brokers registered in St. Vincent & the Grenadines are not the most trustworthy choice. 
• Another important fact is, that Moon4Traders claims to be regulated by the MWALI International Services Authority. However, it has been revealed that M.I.S.A. is a fake regulation, as in Moheli island (a constituent of the Union of Comoros)  all the financial activities are overseen solely by the Central Bank of Comoros. 

What is Moon4Traders?

Moon4Traders is a funding proprietary trading firm that specializes in identifying skilled and profitable traders worldwide. Their approach involves assessing traders based on their consistent performance throughout the challenge and verification stages. Successful candidates are awarded funded accounts, with traders receiving 90% of the profits, while Moon4Traders retains the remaining 10%.

Moon4Traders provides access to a comprehensive range of six trading instrument categories, encompassing Foreign Exchange, Metals, Indices, Cryptocurrencies, Shares, and Commodities. This diverse selection offers traders the flexibility to expand their investment portfolio and select their preferred trading products. with Moon4Traders clients can conduct their trades via Android, Windows, or their iPhones. 

We went further with our research revealing more information about the broker and getting insights into different aspects of Moon4Traders' activity. 

• Insufficient Regulation: Our investigation reveals that Moon4Traders is registered as an international business company in St. Vincent & the Grenadines under registration number 1925 LLC 2022. Additionally, the broker asserts that it is regulated by the MWALI International Services Authority, with license number T2023270. However, it has come to light that M.I.S.A. is not a legitimate regulatory authority. Besides, it's crucial to remember that offshore brokers typically operate under less stringent regulations and oversight. Therefore, entrusting your investments to such brokers can involve substantial risks.
• Customer feedback: Moon4Traders does not stand out for the positive feedback from customers. Many traders point out problems regarding insufficient customer support, lack of information, and other aspects that are crucial for profitable trading.
• Market Manipulations: In general, the absence of transparency and regulatory oversight creates an environment vulnerable to market manipulation, jeopardizing market integrity and investor confidence. Consequently, it is crucial to choose a broker operating within a well-regulated framework to ensure a secure trading environment.
• Withdrawal issues: Flawless withdrawals are one of the most important aspects to ensure profitable and safe trading. Based on the research, the withdrawal process of Moon4Traders needs enhancement, as among other problems the withdrawal methods are limited to crypto deposits only, excluding any other trusted methods, such as bank wires, credit and debit cards, etc. 

Overall Moon4Traders Ranking

After conducting our research, we have encountered substantial concerns regarding the reliability of Moon4Traders and its adherence to regulatory requirements. Consequently, we are unable to assign a positive rating to Moon4Traders.

• Moon4Traders Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers. See Our Ranking below compared to other popular and industry-leading Brokers.

Moon4Traders Alternative Brokers

In light of the concerns surrounding the reliability and security of Moon4Traders, we highly recommend traders to consider alternative options that offer stronger regulatory frameworks and enhanced trading conditions. Presented below is a list of reputable brokers that offer dependable choices and a secure trading environment for your evaluation:

• BlackBull Markets– Low Pricing
• HFM– Competitive Trading Conditions
• Go Markets – Wide Range of Trading Instruments

Deposits and Withdrawals

Moon4Traders claims that it is very easy to get started with them. Clients just need to sign up, browse the broker's challenges and pick one that fits their trading, deposit cryptocurrency into their Moon4Traders wallet, purchase a challenge, and start trading.

• As to withdrawals, a specific timeframe is assigned for each account when clients can withdraw their funds.  This information can be found in the metrics on trader Moon4Trader’s user profile.
• It should be mentioned, that there is very little information about the withdrawal process. Considering that Moon4Traders is registered in an offshore jurisdiction, we strongly advise exercising utmost caution when entrusting your funds to such a broker. Frequently, brokers with offshore registrations have been associated with financial scams.

Account Types

The broker offers a range of account types to start trading: 5K, 10K, 20K, 50K, and 100K. Each account type has different conditions, enabling traders to choose the one that meets their expectations the best. With the 5K accounts, traders can start their trading by investing $600. The broker does not allow the use of advanced trading tools or Copy Trading. 

• The initial stage with this company involves successfully completing one of its challenges. Once you've successfully passed this evaluation process, you'll be eligible to proceed to the next phase, which is the verification process. It's only after successfully passing the verification step that you can obtain a fully funded account.

Moon4Trader Review Conclusion

Based on the data we have gathered about Moon4Traders, there are significant reservations regarding the broker’s credibility. Moon4Traders' lack of serious registration (also registration with a doubtful regulatory authority - M.I.S.A.) raises substantial concerns. Additionally, the numerous negative reviews from clients are serious grounds for concern.  Further, the services and trading conditions are average and limited, thus it is certainly advisable to give preference to tightly regulated brokers with good standing in the market and transparent trading conditions. 

To avoid risks typical in trading with unregulated or offshore brokers, we always recommend choosing a reliable broker with licenses from reputable authorities like FCA, ASIC, or CySEC. Many regulated brokers are both reliable and have exceptional offerings, such as BlackBull Markets, Go Markets, and HFM.

• Overall ranking and experience for Moon4Traders is Negative