Monolux Trade Group Review : Fees, Pros and Cons, Reviews by Real Traders

Monolux Trade Group

Operating status: SCAM

Website: https://luxtradegroup.de/

Broker violations and abnormal records

Jun 13, 2022 The Germany BaFin Added Monolux Trade Group into Its Warnings
On 14 June 2022, the Germany Federal Financial Supervisory Authority (BaFin) issued a warning that Monolux Trade Group does not have authorisation under the KWG to conduct banking business or provide financial services. You may visit: https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2022/meldung_2022_06_14_luxtradegroup_en.html;jsessionid=4A944E231579B11A3821386E542C14A9.2_cid503

On 14 June 2022, the Germany Federal Financial Supervisory Authority (BaFin) issued a warning that Monolux Trade Group does not have authorisation under the KWG to conduct banking business or provide financial services. You may visit: https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2022/meldung_2022_06_14_luxtradegroup_en.html;jsessionid=4A944E231579B11A3821386E542C14A9.2_cid503
Aug 11, 2022 BrokersView has Reviewed that Monolux Trade Group is an Unregulated Forex Broker
Monolux Trade Group claims to be registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) under registration number 1064LLC2021. We searched SVG FSA and found a matching result. However, please be informed that SVG FSA does not regulate forex activities or issue forex licenses. Having registration does not mean being authorized to provide financial services.
Moreover, the Germany Federal Financial Supervisory Authority (BaFin) issued a warning that Monolux Trade Group does not have authorisation under the KWG to conduct banking business or provide financial services.
The truth is that Monolux Trade Group is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

Monolux Trade Group claims to be registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) under registration number 1064LLC2021. We searched SVG FSA and found a matching result. However, please be informed that SVG FSA does not regulate forex activities or issue forex licenses. Having registration does not mean being authorized to provide financial services. Moreover, the Germany Federal Financial Supervisory Authority (BaFin) issued a warning that Monolux Trade Group does not have authorisation under the KWG to conduct banking business or provide financial services.The truth is that Monolux Trade Group is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
Jul 08, 2025 BrokersView has identified that Monolux Trade Group's website is currently offline
BrokersView found that the domain "https://luxtradegroup.de/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

BrokersView found that the domain "https://luxtradegroup.de/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

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