Basic Information
Registered Region 
Serbia
SerbiaOperating Period
2-5 years
Company Name
Monstrade Global Ltd
Customer Service Email Address
support@monstrade.com
Contact Number
+447450125781
Company Website
Global Broker Regulation Inquiry App
WikiFX
Exceeded
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Monstrade
Serbia
|
2-5 years
|
ECN Account
Regulated in United Kingdom
|
Common Business Registration
|
MT5 Full License
|
Regional Brokers
|
Suspicious Overrun
|
Medium potential risk
https://monstrade.co/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
2
Server Name
Monstrade-Server MT5
Server Location 
United Kingdom
United KingdomContact
+44 7450 1257 81
support@monstrade.com
https://monstrade.co/
Antifašističke borbe 29-E, Belgrad 11070, Serbia
LicensesLicensed Entity：MONSTRADE FINANCIAL LTD
License No. 15234169
Warning: Low score, please stay away!
- This broker exceeds the business scope regulated by United Kingdom FCA(license number: 15234169)Common Business Registration Non-Forex License. Please be aware of the risk!
Account
Related Software
Website
Genealogy
Relevant Enterprises
Employees
Company Summary
Wiki Q&A
Comment
Account
- Environment--
- Currency--
- Maximum Leverage1:100
- SupportedEA
- Minimum Deposit$ 15000
- Minimum SpreadFrom 1.2
- Depositing Method--
- Withdrawal Method--
- Minimum Position0.01
- Commission--
- ProductsForex, Indices, Spot Metals, Commodities, Shares, Crypto
Updated：
MT4/5
Full License MT5
0
MT4 Servers
1
MT5 Servers
165.50
Average execution speed/ms
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
Meta Trader 5
Perfect
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Website
monstrade.com
172.67.182.162- 172.67.151.191
Genealogy
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Relevant Enterprises
MONSTRADE FINANCIAL LTD(United Kingdom)
Active
United Kingdom
Registration No. 15234169
Established
Related sources Website Announcement
Employees
Company Summary
| MonstradeReview Summary | |
| Founded | 2021 |
| Registered Country/Region | Serbia |
| Regulation | FCA (Exceeded） |
| Market Instruments | 100+, forex, commodities, cryptocurrencies, indices, stocks, ETFs, bonds |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 1.6 pips (Cent account) |
| Trading Platform | MeteTrader 5 |
| Min Deposit | $100 |
| Customer Support | 24/5 Live chat, contact form |
| Email: support@monstrade.com | |
| All Language Support: +44 7450 1258 93 | |
| Social media: Telegram, Facebook, YouTube, Twitter | |
| Registration Address: Antifašističke borbe 29-E, Belgrad 11070, Serbia | |
| Representative Office: Str. Kozara No:68-2/6 1000 Skopje / North Macedonia | |
Monstrade is an unregulated broker registered in Serbia, offering trading on forex, commodities, cryptocurrencies, indices, stocks, ETFs, and bonds with leverage up to 1:500 and spread from 0.6 pips via the popular MT5 trading platform.
Pros and Cons
| Pros | Cons |
|
|
|
|
| |
|
Is Monstrade Legit?
No, Monstrade is not regulated, and the current regulatory status is exceeded.
| Regulatory Agency | Financial Conduct Authority (FCA) |
| Regulatory Status | Exceeded |
| Regulated by | United Kingdom |
| Licensed Institution | MONSTRADE FINANCIAL LTD |
| Licensed Type | Common Business Registration |
| Licensed Number | 15234169 |
Besides, it offers some security measures, such as negative balance protection, compensation fund of the financial commission, and civil liability insurance program.
What Can I Trade on Monstrade?
MonsTrade offers a variety of product types, including forex, commodities, cryptocurrencies, indices, stocks, ETFs, and bonds.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ✔ |
| Options | ❌ |
| ETFs | ✔ |
Account Type
Monstrade offers 6 account types to suit different trading needs, including a Demo Account and an Islamic Account.
Demo Account: The minimum deposit requirement for Demo Account is $100. It provides an opportunity for beginners without experience to practice trading without the fear of financial loss.
Cent Account: With a minimum deposit requirement of $100, Cent Account is tailored for those who have a basic grasp of the platform and want to try actual operations.
Classic Account: With a minimum deposit requirement of $100, this account is a standard trading account catering to a broad range of traders. It is designed for those who have enough trading experience.
Prime Account: Prime Account is geared towards traders seeking enhanced features and benefits, such as lower spreads and priority support. The minimum deposit requirement for this account is $2500.
ECN Account: With a minimum deposit requirement of $10000, this account is designed for market professionals in exclusive conditions.
Islamic Account: With a minimum deposit requirement of $15000, this account is charged a fixed forex commission. It is designed to accommodate traders who adhere to Islamic principles, which prohibit the payment or receipt of interest.
Leverage
| Financial Product Category | Account Type | Asset Range (USD) | Leverage |
|---|---|---|---|
| Foreign Exchange, Precious Metals | ECN | < $1,000 | 1:500 |
| PRIME | < $1,000 | 1:500 | |
| CLASSIC | < $1,000 | 1:300 | |
| ECN | $$1,000 -$$10,000 | 1:500 | |
| PRIME | $$1,000 -$$10,000 | 1:500 | |
| CLASSIC | $$1,000 -$$10,000 | 1:500 | |
| ECN | $$10,000 -$$50,000 | 1:500 | |
| PRIME | $$10,000 -$$50,000 | 1:500 | |
| CLASSIC | $$10,000 -$$50,000 | 1:500 | |
| ECN | $$50,000 -$$100,000 | 1:300 | |
| PRIME | $$50,000 -$$100,000 | 1:300 | |
| CLASSIC | $$50,000 -$$100,000 | 1:200 | |
| ECN | > $100,000 | 1:300 | |
| PRIME | > $100,000 | 1:200 | |
| CLASSIC | > $100,000 | 1:100 | |
| Indices, Commodities, Bonds | All Accounts | < $250,000 | 1:100 |
| All Accounts | $$250,000 -$$500,000 | 1:50 | |
| All Accounts | > $500,000 | 1:20 | |
| Cryptocurrencies | BTC/USD | < $25,000 | 1:50 |
| Other Cryptocurrencies | < $25,000 | 1:20 | |
| BTC/USD | > $25,000 | 1:25 | |
| Other Cryptocurrencies | > $25,000 | 1:5 | |
| Stocks | All Accounts | All Asset Ranges | 1:10 |
Monstrade Fees
Monstrades fees are comparatively lower than the industry standard. Monstrade's fee structure revolves around variable spreads without additional commissions across all account types.
Spreads start from 1.0 pips for demo accounts and 0.6 pips for the ECN account, but they can potentially widen as market volatility increases.
| Account Type | Spread | Commission |
| Demo | From 1.0 pips | ❌ |
| Cent | From 1.6 pips | ❌ |
| Classic | From 1.6 pips | ❌ |
| Prime | From 0.8 pips | ❌ |
| ECN | From 0.6 pips | ❌ |
| Islamic | From 1.2 pips | ❌ |
Trading Platform
Monstrade uses MetaTrader 5 as the trading platform. MetaTrader 5 (MT5) is an advanced and versatile trading platform suitable for both novice and experienced traders.
| COMPUTER | PHONE | MONSTAR | TABLET |
| MT 5 for PC | MT 5 for Apple | Monstar for Apple | MT 5 for Ipad |
| MT5 for Mac | MT5 for Android | Monstar for Android | MT5 for Android |
| MT5 Web Trader |
Deposit and Withdrawal
Monstrade accepts MasterCard, VISA, Perfect Money, Neteller, etc. The minimum deposit for Monstrade is 100 USD.
Keywords
- 2-5 years
- Regulated in United Kingdom
- Common Business Registration
- MT5 Full License
- Self-developed
- Regional Brokers
- Suspicious Overrun
- Medium potential risk
Wiki Q&A
S jonas 
1-2 years
What is the spread on Monstrade accounts?
ECN spreads start from 0.6 pips, Prime from 0.8, Classic and Cent from 1.6. Demo accounts start from 1.0 pips. These can widen during high volatility, so I always check the live rate before placing trades.
Broker Issues
Fees and Spreads
07-01
United States
Wahab
1-2 years
Does Monstrade offer a demo account?
Yes. The demo account was my starting point. It gives you $100 in virtual funds to try things out before risking real money. Very useful for testing strategies.
Broker Issues
Account
Instruments
Leverage
Platform
06-28
United States
Vongnarin
1-2 years
How to log in to the Monstrade broker’s account?
Just go to the official website and click Monstrade login. I use my email and password to access the MT5 web or app versions. Login works across desktop and mobile without any issues.
Broker Issues
Platform
Account
Instruments
Leverage
06-07
United States
edgeisedge
1-2 years
Which payment methods does Monstrade support?
They support VISA, MasterCard, Perfect Money, Neteller, and others. I’ve personally used both card and Neteller, and both worked smoothly.
Broker Issues
Instruments
Platform
Account
Leverage
05-13
United States
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