Another offshore broker or a serious and safe trading platform? Let’s find out if Maunto is a reliable company or just another scam targeting naive traders. There are positive reviews online, but it’s best not to trust them.
Highlights
| Official Website | https://www.maunto.com/ |
| Company Name | DataWave Tech Ltd |
| License Status | MISA |
| Account Types | Classic, Silver, Gold, Platinum, VIP |
| Demo Account | Available |
| Assets Offered | Forex, stocks, indices, crypto, commodities, metals |
| Leverage | 1:400 |
| Trading Platform | WebTrader |
| Deposit Methods | Credit/debit cards, Prepaid cards, E-wallets, Bank transfers |
| Withdrawal Time | 8 to 10 business days |
| Affiliate Program | None |
Key Trading Features
Maunto offers clients five different account plans, starting with a $250 minimum deposit. This is relatively high, as many well-known brokers have removed any minimum threshold altogether. There are no cent accounts, though a demo account is provided. The better the account tier, the more favorable the spreads. However, don’t get too excited; to open a more advantageous account type; you need to invest more money. This is a common tactic used by many unregulated firms to extract more funds from clients.
The other terms are the same for all clients: leverage up to 1:400, micro-lots starting from 0.01, and negative balance protection. It’s unlikely that Maunto holds a license from a reputable regulator, as indicated by the extremely high leverage, but we’ll examine this aspect further later.
Overview of Available Trading Instruments
This is a classic CFD broker, so trading here is only available through contracts for difference. The company does not offer spot trading, futures, or options. As is well-known, CFDs are excellent tools for “manipulating” charts, so it’s essential to approach platforms like this with caution. You could end up with a broker that works against traders by using artificial pricing.
Maunto provides access to traditional financial markets: stocks, forex, metals, indices, commodities, and cryptocurrencies. Overall, it’s a standard set of instruments, nothing out of the ordinary.
Trading Platform Analysis
The broker boasts many features on its platform: one-click trading, stop-loss and take-profit tools, price alerts, and technical analysis. These are basic functionalities found on any trading terminal, so Maunto doesn’t stand out from competitors in this regard.
Additional Services
As for additional features, there’s little to highlight. Maunto offers only educational courses and resources. There’s nothing here to attract traders. They could offer PAMM accounts, investment services, manager analytics, and much more. How does this company even compete with others that have unique competitive advantages in the market?
Fee Structure
Commissions play a crucial role. They determine whether trading here is profitable or not. Maunto doesn’t provide details about trading fees, but a separate document states that traders only need to pay spreads and swaps, not additional fees. Fair enough, let’s assume that’s true.
However, there are other charges: an account maintenance fee of $10 per month and an inactivity fee (from $100 to $500 monthly, depending on the period of inactivity). Additionally, users who haven’t completed identity verification and haven’t made any trades are charged 3.5% on withdrawals. If KYC is completed and there has been trading activity, then withdrawals are free. Deposits at the firm, by the way, are also free of charge.
Legitimacy of Maunto
Now, we come to the most critical part of our review. Let’s look at licenses, reliability guarantees, and other aspects of this broker’s operations. The company claims to be owned by the legal entity DataWave Tech Ltd., registered in Saint Lucia and licensed by MISA (the Mwali International Services Authority, Comoros Islands).
We checked the registries of Saint Lucia and MISA, confirming that DataWave Tech Ltd. is indeed a legitimate organization. However, this doesn’t mean the platform is safe or legal. Some comments are needed here.
If a broker is registered offshore, like in Saint Lucia, that’s a red flag. Saint Lucia is a small island where financial regulation simply isn’t as strict as in larger countries. And when a company holds a license from MISA, it’s cause for even greater concern. Such a license doesn’t offer serious protections for clients, as MISA doesn’t oversee brokers to the same standard as top-tier regulators like the FCA or CySEC. In essence, Maunto can operate as it wishes, and MISA won’t hold them accountable.
Another important point — offshore licenses are easy to obtain, so companies that have been rejected by serious regulators often go there. This fact alone speaks volumes. Trusting Maunto is unwise because there are simply no real guarantees of reliability here.
Company History
Time on the market is a significant factor. It’s clear that you should choose companies that have been around for a long time. Maunto is relatively new, having launched in 2023. This is indicated by the date of its MISA license on November 17, 2023, as well as the registration date of the domain maunto.com in 2023.
Conclusion
In the end, Maunto doesn’t appear to be a place worth investing your money. Offshore registration, a dubious MISA license, and a lack of real security guarantees — all of this signals high risk. The broker can do whatever it wants with your funds, and oversight from “regulator” MISA is virtually nonexistent.
Weighing the Pros and Cons
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The company is listed in the Saint Lucia and MISA registries.
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The website supports multiple languages.
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Lacks serious and stringent financial oversight.
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Contains fake positive reviews.
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Offshore registration.
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Unfavorable trading conditions.
Common Questions
What should I do if managers are trying to persuade me to invest more money?
If Maunto’s managers are actively pushing you to deposit more funds, be cautious. Such aggressive tactics are often used by brokers with poor reputations to extract as much money as possible from clients. Politely decline and resist their pressure, especially if they promise “guaranteed profits” or other unrealistic terms. You can always block their contacts if the pressure becomes too intense. It’s important to remember that a reliable broker would never push for additional investments, especially in such an aggressive manner.
Can positive reviews on the internet be trusted?
It’s best not to trust the positive reviews online about brokers like Maunto completely. Many companies, especially offshore ones with questionable licenses, write their own glowing reviews to create an illusion of reliability. Often, these reviews seem too perfect, with clients praising quick withdrawals, excellent profits, and polite support. When dealing with real clients, the situation is entirely different: withdrawal refusals, chart manipulations, and other fraudulent activities.
This broker is nothing more than an ordinary scam project. People trust these scammers and end up losing their money. I was lucky; I was spared from this scam. I almost transferred money here but then realized it was a fake company. I didn’t go through with the deposit, and later, I saw a flood of negative and complaint-filled comments from traders who had invested. You need to know this information.
Terrible company. They claim not to charge trading commissions, but they lie. On top of that, they have huge spreads. Trading here profitably is impossible… Maunto lures people in with sweet promises and fake positive reviews, but making a profit here is impossible. You’re hit with numerous fees and charges. I regret choosing this broker… it turned out to be deceitful and fraudulent.