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Maunto review
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9 mins read
Overview
Our 5-step process of verification and evaluation – How do we obtain information?
General inspection – 30%
Trading experience – 30%
Technical audit – 20%
Collective experience from collaborations with the broker – 10%
Interviews with real traders – 10%
See the entire process here.
Pros
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Offers multiple account types to cater to different trading preferences.
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Implements negative balance protection, safeguarding traders from losses exceeding their account balance.
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Provides an excellent range of instruments, including Forex, indices, metals, stocks, cryptocurrencies, and commodities.
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Regulated by Mwali International Services Authority (M.I.S.A.), ensuring adherence to strict financial standards.
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Zero deposit commissions, making it cost-effective for traders to fund their accounts.
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Offers multi-currency deposit options, providing flexibility for traders.
Cons
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Restricted regional availability may limit access for traders from certain regions.
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The lack of MT4 and MT5 trading platforms may disappoint traders accustomed to these popular platforms.
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According to few reviews, the withdrawal process can be lengthy, taking 8-10 business days, which may inconvenience traders needing prompt access to their funds.
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Fees: Charges inactivity fees for dormant accounts, which may affect traders who are not actively trading; complex swap fees may be difficult for some traders to understand and may result in unexpected charges; maintenance fees add to the overall cost of trading on the platform.
General details
+44 203 150 2 347
Customer reviews
score
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Accounts
Type of Trading Accounts on Maunto
| Classic | Silver | Gold | Platinum | VIP | |
| Leverage | 1:400 | 1:400 | 1:400 | 1:400 | 1:400 |
| Min Deposit | $250 | $250 | $250 | $250 | $250 |
| Commission | $0 on Deposits | $0 on Deposits | $0 on Deposits | $0 on Deposits | $0 on Deposits |
| Stop Out | 20% | 20% | 20% | 20% | 20% |
| Access to Instrument | All | All | All | All | All |
| Swat Discount | Swap Discount | Swap Discount | Swap Discount | Swap Discount | Swap Discount |
| Trading Education | Available | Available | Available | Available | Available |
When it comes to trading accounts, Maunto offers clients a diverse range from which to choose. The forex broker presents five distinct account types, each tailored to different trading styles and experience levels. These accounts feature varying levels of leverage, with the highest reaching 1:400 for F.X. markets, along with adjusted features for other asset classes. Spreads vary by account, starting as low as 0.03 pips for Platinum and V.I.P. accounts. Notably, all accounts share a commonality: there’s a 250$ 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.
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.
Frequently asked questions
Find the right answer to your question below.
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.
Opening a Maunto trading account is a straightforward process:
- Go to the official Maunto website using your web browser.
- Look for the option to “Create Account” on the homepage or in the navigation menu.
- 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.
- Maunto offers different types of accounts with varying features and benefits. Select the account type that best suits your trading needs and preferences.
- 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.
- 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.
- 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.
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Forex.com Best Trading PlatformsStart trading73%-77% of retail investor accounts lose money when trading CFDs with this provider.
Maunto compared with alternative brokers
To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page.
- Overall verdict
- Trading
- Minimum deposit
- Maximum leverage
- Fees
- Withdrawal fee
- Deposit fee
- Safety
- Top-tier regulators
- Investor protection
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2.9/ 5
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2.6/ 5
- 250$
- 1:400
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2/ 5
- 3.5% / 30$
- N/A
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2/ 5
- No
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No
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See review
-
4.9/ 5
-
5/ 5
- $10
- 1:2000
-
4.8/ 5
- 1%
- $0
-
4.9/ 5
- No
-
Yes
-
See review
-
4.9/ 5
-
4.9/ 5
- $10
- 1:2000
-
4.8/ 5
- $0
- $0
-
4.6/ 5
- FCA, CYSEC
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No
-
See review
-
4.8/ 5
-
4.9/ 5
- $100
- 1:10000
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4.7/ 5
- $0
- $0
-
4.8/ 5
- FCA
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Yes
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See review
