Maunto Review

Unique Selling Points

1. Multiple Account Types: Maunto offers traders a variety of carefully crafted trading accounts, each tailored to meet different experience levels and trading preferences. From the beginner-friendly Classic Account to the advanced V.I.P. Account, Maunto ensures that traders can choose an account type that fits their needs. The five distinct account types include Classic, Silver, Gold, Platinum, and V.I.P., each offering specific features; traders have options to match their trading style and experience.

2. Robust Customer Support: The broker prioritizes providing accessible customer support to assist traders throughout their trading journey. Traders can easily reach out to Maunto's support team through various channels, including email, phone, live chat, F.A.Q.s, and online forms. To accommodate its diverse clientele, Maunto offers customer support in multiple languages, ensuring effective communication and assistance for traders worldwide. The support team is responsive and committed to providing timely assistance. However, it's important to note that customer support operates during weekdays.

Long Review

Introduction

Registered in 2023 in Saint Lucia, Maunto offers various tradable assets like indices, Forex, cryptocurrencies, stocks, commodities, and metals. Clients can reach their trading potential with Maunto, a brokerage that guides them at every step. Maunto claims to have a team of professionals committed to delivering top-tier services.

This brokerage firm presents a range of account types, including CLASSIC, SILVER, GOLD, PLATINUM, and V.I.P., with a minimum deposit requirement of $250. Maunto offers maximum leverage up to 1:400 for F.X. and different levels for other assets. Operating under the regulation of the Mwali International Services Authority (M.I.S.A.) based in Comoros Island, Maunto holds license number T2023409.

Additionally, the broker's user-friendly platform suits both beginners and experienced traders. In this review, the focus is on what sets Maunto apart and whether it delivers on its promises. By the end, readers will be better equipped to determine if Maunto aligns with their needs.

Supported Countries

While Maunto accepts clients worldwide, it's important to note that Maunto does not provide its services to residents of the European Union or to any other jurisdiction where such distribution would be contrary to local laws and regulations, for example, the United Kingdom, the United States, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Cuba, Syria, Yemen, Iraq, Iran, North Korea, Sudan, Libya, and others.

Customer Service Rating

Maunto has received a total of 27 reviews on Trustpilot, with an average TrustScore of 3.6 out of 5. Positive feedback highlights courteous, enterprising, and knowledgeable managers, as well as the platform's simplicity and fast trading journey. Some users appreciate the ease of withdrawals and the multifunctional interface.

However, amidst the positive feedback, some users accuse Maunto of hidden fees and liken them to scammers. Others report negligence from account managers, resulting in client losses, and some mention lengthy wait times for withdrawal assistance.

Maunto Trading Platforms

Maunto distinguishes itself from other forex broker platforms by offering only one trading platform. This means Maunto does not provide the more popular MT4, MT5, and cTrader platforms. 

• WebTrader platform: Maunto's WebTrader platform provides users with an intuitive trading experience that is accessible from any device. This web-based platform eliminates the need for software downloads or installations, making it convenient for users with internet access. It features a simple interface for customizing alerts and analyzing trading performance, supporting strategic decision-making. Traders receive real-time market updates and quotes for prompt reactions to market changes. With over 60 analytical tools available, traders can conduct thorough market analysis. These tools include various chart types, technical indicators, and graphical objects. The platform supports one-click trading for quick order execution directly from charts, ensuring efficiency in fast-moving markets. Traders can customize the platform according to their preferences, including layout adjustments and multiple chart setups. Maunto claims to prioritize security by implementing high-level technological measures and encryption to safeguard users' trading operations.

Type of Trading Accounts on Maunto

When it comes to trading accounts, Maunto offers clients a diverse range from which to choose. The forex broker presents five distinct account types, each tailored to different trading styles and experience levels. These accounts feature varying levels of leverage, with the highest reaching 1:400 for F.X. markets, along with adjusted features for other asset classes. Spreads vary by account, starting as low as 0.03 pips for Platinum and V.I.P. accounts. Notably, all accounts share a commonality: there's a 250$ minimum deposit requirement.

• Classic Account: The Classic account serves as an entry point for novice traders entering the financial markets. It provides a straightforward trading experience with essential features, making it suitable for beginners or those with minimal expertise. This account type offers basic instructional tools and conventional trading conditions, allowing traders to gradually enhance their skills and confidence. The account requires 250$ minimum deposit, with maximum available leverage set at 1:400. Additionally, Maunto claims not to charge any commissions on deposits.

• Silver Account: The Silver account caters to traders who have progressed beyond the beginner stage and seek to improve their trading skills. It offers supplementary features such as in-depth market analysis and advanced trade instruments. Balancing simplicity and proficiency, this account attracts experienced traders interested in refining strategies with a wide product suite and competitive spreads.

• Gold Account: Designed for seasoned traders, the Gold Account provides sophisticated trading conditions and superior benefits. Traders can take advantage of tighter spreads, dedicated account management services, and advanced analytical tools. Focusing on strategically seizing significant market opportunities, this account offers resources and support for complex trading endeavors.

• Platinum Account: Tailored for experienced traders and professionals seeking exceptional service and trading conditions, the Platinum account stands as Maunto's premier option. With minimal spreads, top-tier support, and access to premium training materials, this account ensures unparalleled interaction with the market for committed traders.

• V.I.P. Account: Maunto's VIP account is the pinnacle of its service, catering to exceptional traders with premium perks and privileges. This exclusive category offers bespoke trading conditions, such as personalized strategies and dedicated account manager. Ideal for accomplished high-frequency traders seeking unparalleled support and attention to detail in their trading journey.

• Demo Account: Recognizing the importance of practice and familiarity with trading platforms, Maunto provides a demo account. This account allows traders to simulate real-world trading scenarios without risking actual funds. It's an excellent tool for both new and experienced traders who want to gain confidence and experiment with different strategies in a risk-free environment.

• Maunto Islamic Account: For Islamic traders, Maunto offers an account that follows Sharia law principles. This account ensures compliance with Islamic financial regulations by prohibiting interest (Riba). It caters to ethical traders who want to conduct transactions in line with their religious beliefs.

Trading Denominations on Maunto

Clients using Maunto can choose to denominate their account in various currencies such as E.U.R., USD, J.P.Y., INR, and K.R.W. This flexibility caters to an international clientele, ensuring that geographical location does not hinder access to the broker's services. However, while Maunto offers a decent number of accepted currencies, it falls behind major players in the industry that accept more than 12 currencies.

Company Structure

Maunto is owned and operated by DataWave Tech Ltd as a C.F.D. broker in the financial trading landscape. Registered in Saint Lucia with a registration number of 2023-00512 and located at P.B. 1257 Bonovo Road, Fomboni, Comoros, KM, Maunto operates under the regulatory oversight of the Mwali International Services Authority (M.I.S.A.), holding license number T2023409.

Maunto's competitive leverage options empower traders to maximize their chosen instruments, with ratios of up to 1:400 for Forex and 1:5 for cryptocurrencies, enabling flexible risk management and potential returns amplification. With access to over 160+ Financial Derivatives, Maunto allows clients to diversify their portfolios effortlessly. The broker's website is available in six languages, catering to a wide user base.

Despite its years of service, Maunto's website lacks displayed awards and recognitions, which may deter potential clients who rely on such accolades for insights into a broker's operation.

Maunto Licenses and Regulatory Compliance

Maunto is regulated by the Mwali International Services Authority (M.I.S.A.), holding license number T2023409, ensuring it follows strict financial standards and practices. However, it's important to note that Maunto does not possess a tier-one regulatory license, implying that the level of oversight provided by its current licensing agency may not be as stringent.

Maunto Customer Protection

As a regulated forex broker, Maunto is expected to adhere to the best financial trading practices. This includes

• Segregating client funds to protect clients' money in case the company faces financial difficulties.

• Maunto also ensures client safety by maintaining an up-to-date SSL Certificate on its website.

• Prominently displaying its Privacy Policy and Risk Warning to potential clients.

Detailed safety measures can be found on the broker's website via its legal page. 

Customer Service

Maunto offers clients multiple ways to contact their support team. Clients can utilize the Live Chat feature on the website for instant assistance. Alternatively, there's a form on the Contact Us page that can be filled out for more detailed guidance. Another option is to call the telephone line at (+44 203 150 2 347).

Additionally, traders can reach out to support via email at [email protected]. For immediate answers, traders can rely on the Help Center section of the page, which provides access to a detailed F.A.Q. Page covering virtually every aspect of Maunto's operation.

Trading Information

Maunto claims to take pride in offering premier trading services, including a swift registration process, tailored live accounts, and cross-platform trade order execution for a seamless trading experience. Traders benefit from instant price updates, high-speed market access, and one-click trading availability.

Maunto charges competitive spread rates that vary based on traders' account types. The Classic and Silver accounts feature EUR/USD and GBP/USD spreads starting from 2.5 and 2.8 pips, respectively, which is in line with retail forex trading standards. For experienced traders, the Gold, Platinum, and V.I.P. accounts offer progressively tighter spreads, with the V.I.P. account providing the most competitive rates, such as a 0.9 pip spread on EUR/USD. However, these spreads may fluctuate due to market conditions or different account schemes.

Maunto has a zero-commission policy on transactions, which benefits novice traders or those engaging in small-scale trades. Swap fees apply to positions held overnight, calculated daily, and tripled on Wednesdays to cover the weekend. These fees vary across asset classes, including Forex, Cryptocurrencies, Commodities, Indices, and Stocks. While deposits are fee-free, withdrawals incur charges: Credit Card, Debit Card, Prepaid Card, and e-wallet withdrawals are charged 3.5%, while Bank Wire Transfer withdrawals are charged 30 USD.

If no transactions occur for at least one month, Maunto imposes a monthly inactivity fee. Inactivity fees increase with the duration of inactivity, starting at 100 EUR after one month and rising to 500 EUR after six months. Additionally, a monthly maintenance fee of $10 is charged, irrespective of account activity.

Tradable Instruments

Maunto provides clients with access to a variety of tradable instruments, offering over 160+ options. On Maunto, traders can engage in trading

• Forex

• Cryptocurrencies

• Indices

• Commodities

• Shares

• Metals

This allows traders to diversify their portfolios to some extent. 

Maunto Leverage

The broker provides maximum trading leverage of up to 1:400 for forex trading. For other assets, such as Silver & Gold, Indices, and Commodities, the leverage is adjusted to up to 1:200. Stocks/Equities have a leverage of up to 1:5.

Deposits and Withdrawals

Deposits

Maunto offers multi-currency deposits, allowing traders to fund their accounts with various currencies using Credit/Debit Cards, Prepaid Cards, Bank Wire Transfers, or E-Wallets. Deposit processing time is typically within one day, which is ideal for traders who need to respond quickly to market changes. Maunto does not charge deposit commissions across all account types.

Withdrawals

For withdrawals, similar options are available as with deposits. The first withdrawal on Maunto is free if the account is fully verified and has conducted at least one trade; otherwise, a $10 fee is applied. Subsequent withdrawals incur charges, such as 3.5% for card transactions and $30 for wire transfers.

Maunto processes withdrawals within one day, but funds may take 8-10 days to appear in your bank account or financial statement, depending on the payment type and processing timeframes of intermediary and receiving banks or financial institutions. There are no currency limits when withdrawing from Maunto; withdrawals can be made in the currency of your account.

Maunto Trading Education and Training

Under its Trading Tools tab, Maunto offers traders educational resources. It's important to note that these materials are only accessible after opening an account with the broker, which may deter clients who wish to evaluate the quality of the resources beforehand.

Nonetheless, Maunto claims to provide comprehensive educational resources, covering beginner basics to advanced strategies. These resources include market insights, interactive courses, and real-world knowledge.

F.A.Q.s

Is Maunto a Scam?

Maunto is operated by DataWave Tech Ltd and is regulated by the Mwali International Services Authority (M.I.S.A.), holding license number T2023409. This regulatory oversight ensures that Maunto adheres to specific financial standards and practices, providing a secure trading environment for its clients. It's worth noting that Maunto has received mixed reviews on Trustpilot, a popular review platform. While some users praise Maunto for its services, such as courteous and knowledgeable managers, others have raised concerns, including accusations of high hidden fees and negligence from account managers, resulting in losses for clients.

How do I open a Maunto trading account?

Opening a Maunto trading account is a straightforward process:

1. Go to the official Maunto website using your web browser.

2. Look for the option to "Create Account" on the homepage or in the navigation menu.

3. You'll be asked to provide some personal information, including your name, email address, country of residence, and phone number. Make sure to fill out all required fields accurately.

4. Maunto offers different types of accounts with varying features and benefits. Select the account type that best suits your trading needs and preferences.

5. As part of the registration process, you will need to verify your identity by providing additional documentation, such as a government-issued I.D. or proof of address.

6. Once your account is verified, you can fund it using one of the available deposit methods, such as credit/debit card, bank wire transfer, or e-wallet.

7. Once your account is funded, you're ready to start trading! Log in to your account using the credentials you created during the registration process and begin exploring the trading platform and placing trades.

Conclusion

Maunto Forex Broker offers a range of trading accounts tailored to suit different trading styles and experience levels. From the entry-level Classic account to the premier V.I.P. account, traders have access to various features and benefits. The broker provides a user-friendly WebTrader platform accessible from any device, catering to both beginners and experienced traders. Maunto accepts clients from various countries worldwide but restricts access from certain regions due to regulatory reasons.

Regulated by the Mwali International Services Authority (M.I.S.A.) and holding license number T2023409, Maunto claims to adhere to strict financial standards and practices, providing a secure trading environment for its clients. The broker prioritizes customer protection by offering segregated client funds, up-to-date SSL certificates, and prominently displaying privacy policies and risk warnings. Traders can diversify their portfolios with a wide range of trading instruments, including Forex, indices, metals, stocks, cryptocurrencies, and commodities.

Maunto offers competitive leverage options, allowing traders to manage their risk and potentially amplify their returns. Deposits and withdrawals are possible with multiple payment options, including credit/debit cards, bank wire transfers, and e-wallets. While the broker charges no deposit commissions, withdrawal fees vary depending on the method chosen. Finally, educational resources are available under the Trading Tools tab, covering a range of topics from beginner basics to advanced strategies.