MONEYNETINT LTD is a broker website suspected of fraudulent activities. Its domain, moneynetint.pro, was registered on June 22, 2024. The broker claims to provide trading services in forex, precious metals, crude oil, indices, and cryptocurrencies but does not offer services to jurisdictions where it might violate local laws or regulations.
Company Registration and Regulatory Status
According to the public information on moneynetint.pro, the company entity is MONEYNETINT LTD, operating under the trade name MONEYNETINT. The company is managed by the UK Chamber of Commerce and regulated by the Financial Crimes Enforcement Network (FinCEN) in the U.S., with MSB registration number 31000261158511.
However, MONEYNETINT LTD does not provide its company registration number or corresponding regulatory license number on its website, nor does it disclose detailed terms of service and legal documents. The absence of these key pieces of information casts doubt on the platform's authenticity and legality.
Upon investigation, a company named MONEYNETINT LTD with the MSB number 31000261158511 was found on the official FinCEN website. However, no regulatory information was found for the company on the official websites of the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA) in the U.S.
Additionally, a company named MONEYNETINT LTD can be found on the UK Companies House website, regulated by the Financial Conduct Authority (FCA). However, this company's official website is www.moneynetint.com, not moneynetint.pro.
Thus, moneynetint.pro is an unregulated and illegal broker website.
Trading Products
moneynetint.pro offers a variety of financial derivatives trading, including forex, precious metals, crude oil, indices, and cryptocurrencies.
- Forex: Offers trading in dozens of major currency pairs, including EUR/USD, USD/CAD, GBP/USD, and USD/JPY.
- Precious Metals: Supports spot trading of various precious metals like gold (XAUUSD) and silver (XAGUSD).
- Crude Oil: Provides trading services for U.S. crude oil (UsOIL).
- Indices: Tradable indices include the Nikkei (N225), the German DAX (GER30), and the S&P 500 (US500).
- Cryptocurrencies: Supports various major digital currency pairs including Bitcoin (BTC/USD), Ethereum (ETH/USD), and Ripple (XRP/USD).
Account Opening
The moneynetint.pro website does not provide any account opening portal, making it impossible to open an account properly.
Trading Accounts
The moneynetint.pro website does not disclose key trading parameters such as spreads, trading leverage, or contract sizes. Additionally, it does not provide information on account types, trading commissions, minimum/maximum trade sizes, maximum positions/orders, margin levels, or minimum price increments, making the platform's information non-transparent.
Trading Platform and Deposits/Withdrawals
moneynetint.pro claims to offer a proprietary trading platform, available for web and mobile versions. However, clicking the mobile download link on the website directs users to download the OTO PRO trading software from the App Store and Google Play, whose legality is doubtful.
Moreover, the broker does not clearly state its supported deposit and withdrawal methods, related fees, or the minimum deposit/withdrawal amounts on its website.
Conclusion
Traderknows reminds investors that MONEYNETINT LTD (moneynetint.pro) is a suspicious and unregulated broker website. The platform cannot properly open accounts, lacks transparency, and might mislead consumers. Additionally, the only contact information available is online customer service and email.
Investors are advised to choose brokers with transparent information, stringent regulation, and a good reputation to avoid unnecessary financial losses.
