Maono Global Markets broker evaluation:Illegal Operations

Maono Global Markets Overview:

According to the information on Forex 110 query forex platformthe official website of Maono Global Markets, the company was registered and established in South Africa in 2022. However, this registration information cannot be verified through the South African government's website. Additionally, third-party business inquiry platforms such as LexisNexis and the Yello SA website did not yield any registered information related to this company.

Domain Registration of Maono Global Markets ：

According to the Whois query for Maono Global Markets, the website's domain name was registered on March 27, 2023. The domain registration period does not exceed one year from the current date.

Is Maono Global Markets legit or a scam? Does Maono Global Markets have any regulatory licenses?

According to information on the Maono Global Markets official website, the company is the authorized representative of Sithundhi Group (Pty) Ltd (FSP52030) and holds an authorized representative license from the Financial Sector Conduct Authority (FSCA) in South Africa. Results from the FSCA website confirm the authenticity of Maono Global Markets' authorization as the representative of Sithundhi Group (Pty) Ltd. It is important to note, however, based on information from the FSCA website, neither the company nor Sithundhi Group (Pty) Ltd is permitted to engage in brokerage services for financial derivatives.

Trading Products Provided by Maono Global Markets:

Maono Global Markets only indicates on its official website under 'Account Types' that the company provides trading services for forex, stocks, and indices. However, the website does not provide specific details about the individual trading products for forex, stocks, and indices. Additionally, there is a lack of information regarding commissions, spreads, minimum trade units, maximum trade units, overnight interest, and other details related to the specific trading products within the forex, stocks, and indices categories.

Employees of Maono Global Markets:

Traderknows has not found relevant personnel information about the company on the public internet.

Trading Software Povided by Maono Global Markets:

According to information on the Maono Global Markets official website, the company provides investors with the MetaTrader 5 (MT5) trading software. This trading software is typically compatible with desktop platforms (Windows/MacOS), web versions, and mobile versions (iOS/Android). However, it should be noted that there may be issues with downloading and installing the Android version of the MT5 software in certain countries or regions, including the possibility of being unable to download or experiencing slow download and installation speeds.

Online Reputation and Client Complaints:

Regarding the online reputation of Maono Global Markets, there are indeed reports and comments highlighting several key points:

1. Service Quality Questioned: There are reports suggesting doubts about the service quality of the company.
2. Lack of Regulation and Possible Illicit Operations: The company has been accused of being an unregulated investment platform, which may imply that it operates entirely illegally, putting customer funds at risk.
3. Lack of Transparency: Some comments point out a lack of transparency in Maono Global Markets.
4. Fund Security Issues: Due to a lack of information and lack of regulation, the security of investors' funds cannot be guaranteed. This is a significant concern, especially on unregulated investment platforms.
5. Withdrawal Issues: There are reports claiming that customers encounter obstacles when attempting to withdraw funds, including being asked to make additional trades, facing high withdrawal fees, or even experiencing complete cessation of communication.
6. Unreliable Investment Practices: Maono Global Markets is considered an unreliable investment platform. Such unregulated investment scams often operate anonymously and inevitably close down.

In summary, the online sentiment about Maono Global Markets is generally unfavorable, covering aspects such as service quality, regulatory shortcomings, lack of transparency, fund security issues, and more.

Contact Information：

Investors can contact Orfinex through various methods such as:

1. Phone
2. Email
3. WhatsApp

Website Traffic of Maono Global Markets :

Maono Global Markets' website traffic is relatively low compared to larger brokers, and generally, lower traffic suggests fewer users for the company and a lack of corporate strength.

Conclusion:

Maono Global Markets is suspected of engaging in illegal operations. On one hand, the official website of Maono Global Markets lacks information on account types, details of trading products, as well as deposit and withdrawal processes. On the other hand, although Maono Global Markets holds a genuine authorized representative license from Sithundhi Group (Pty) Ltd, information from the South African Financial Sector Conduct Authority (FSCA) website indicates that neither the company nor Sithundhi Group (Pty) Ltd is authorized to provide brokerage services for financial derivatives. Additionally, the website of the regulatory authority for the registered location of Global Trade Finance Group Inc, the Central Bank of Samoa (CBS), does not show any regulatory information related to the company. Based on these findings, there is suspicion of illegal operations by Maono Global Markets, and investors should exercise caution when considering the services provided by this company. Traderknows advises you to be mindful of the security of your assets and to avoid falling into fraudulent schemes.

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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