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  • Monafoli

Monafoli

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Overview

Monafoli has a rating of 1.87 stars from 23 reviews, indicating that most customers are generally dissatisfied with their purchases. Monafoli ranks 408th among Currency Trading sites.

  • Service
    8
  • Value
    6
  • Quality
    6
Positive reviews (last 12 months): 0%
Positive
0
Neutral
0
Negative
2
See all photos
How would you rate Monafoli?
Top Positive Review

“Very good customer support”

Julie R.
11/18/21

Very good customer support, great trading platform with high speed yet instant execution orders. All these factors are great signs to safely open a trading account with them which by the way very quick and digital process. Give it a tr

Top Critical Review

“Monafoli is a fraud”

Gigi M.
1/22/22

I agree they will just keep on getting your money and show profits and when you ask for withdrawal they will ask for more money to deposit before you can withdraw but it never happen. And now they asked for more money for insurance policy and promise you will get your lost money after you deposit more. Totally scam… Gigi

Reviews (23)

Rating

Timeframe

Other

Thumbnail of user gigim39
1 review
1 helpful vote
January 22nd, 2022
Verified purchase

I agree they will just keep on getting your money and show profits and when you ask for withdrawal they will ask for more money to deposit before you can withdraw but it never happen. And now they asked for more money for insurance policy and promise you will get your lost money after you deposit more. Totally scam…
Gigi

Thumbnail of user mistressracheal38
2 reviews
10 helpful votes
October 18th, 2022

They are unregulated and not registered, but they claim to be which is far from the truth based on my experience with them, my withdraw order was never processed though I paid the fees and did everything asked and they later locked me out and denied me access. I was introduced to (barrywagner at protonmail com) a senior specialist at cryptiide, which i find highly professional and reliable. My case was handled brilliantly and my total funds was recovered in few weeks of work.

Tip for consumers:
Avoid monafoli and seek help above if you are in a similar situation.

Service
Value
Quality
Thumbnail of user julier893
1 review
0 helpful votes
November 18th, 2021

Very good customer support, great trading platform with high speed yet instant execution orders. All these factors are great signs to safely open a trading account with them which by the way very quick and digital process. Give it a tr

Thumbnail of user steven679
1 review
4 helpful votes
February 19th, 2022

This is a genuine review of a business, namely Monafoli who are 100% scammers & I'm speaking from experience. Please refer to fca.org.uk (Financial conduct authority) & type in Monafoli. A warning exists so do not invest with them. I became aware (too late) that they went to the extent of writing fake reviews of persons advising how good there brokers are and profits available. This could not be further from the truth. The FCA website warns businesses like Monafoli often change contact addresses, details etc, are changed for unsuspecting investors. The men sound eastern European and have Engilsh names like Michael Davis, Dan Millar, Shawn Gilmore, Thomas Green etc. Is laughable as they don't sound anything like men from the UK. Be warned the name may have changed but the scam hasn't. I fell for the fake reviews & harrassment, namely daily calls. They have no intention of returning your funds/cryptocurrencies

Tip for consumers:
Do not invest monies, you will never have your monies returned. I've lost my families future. I am genuine

Products used:
Cryptocurrency broker Michael Davis

Service
Quality
Thumbnail of user harrietl54
1 review
3 helpful votes
January 26th, 2022

Worst experience ever, they take money from you all in the name of investment but the true fact is they don't invest your money all they do is daylight robbery. I almost lost $18,000 to this scammers but luckily for me, the able team of assetpursue. 0rg stepped in and recovered every single penny back.
Stay away from Monafoli, they've got nothing good to offer you.

Service
Value
Thumbnail of user roberts5808
1 review
1 helpful vote
November 15th, 2021

They have a very experienced team that I am getting better day after day learning from them. I have gained confidence trading on my own thanks to the market analysis, trading signals, and their free courses.

Thumbnail of user seank356
1 review
1 helpful vote
January 5th, 2022

You deposit money, they trade for you and show profits. To get your own money out they want you to pay more.
Stay well away it is a total scam and authorities should shut them down.

Thumbnail of user susant2201
1 review
1 helpful vote
November 17th, 2022

Do not invest with these crooks! Withdrawal of your money never happens. They just try getting more money from you.

Service
Thumbnail of user robv98
1 review
1 helpful vote
December 6th, 2021

Only thing which is made possible is depositing. Withdrawing funds isnt. Then they come up with b. S. stories that you have to open a trade account for another 250 usd. And so on.

Tip for consumers:
Never get involved

Products used:
Assets

Service
Value
Quality
Thumbnail of user joelh333
1 review
2 helpful votes
February 15th, 2022

Scam from the very first phone call, it is all a lie and a manipulation and I lost $5000, maybe it can be recovered but not directly through speaking with monafoli. My advice STOP TAKING THERE CALLS, NEVER GET ON ANYDESK WITH THEM AGAIN and realize every word they say is a complete fabrication. They called me from a local number, and I did pick up, not expecting them. My new account rep tried to bully me into compliance and when that didn't work they got angry, dropped some Fbombs and other swear words and hung up.

Thumbnail of user naomic141
2 reviews
2 helpful votes
December 22nd, 2021

Willing to provide insight and more information on ways to get reimbursed.
It is not too late.
Naomicullen out look com

Thumbnail of user peterl1341
1 review
1 helpful vote
April 4th, 2022

MONAFOLI WILL DISAPPEAR ONCE YOU MAKE A DEPOSIT. To avoid headaches and worry, terminate your business relationship with this corporation.
If you are unable to recover your payments, please contact t superiorchageback.org for assistance. They assisted a couple of us in reclaiming our possessions. We've all made claims as well.

Thumbnail of user aaronm842
1 review
1 helpful vote
June 29th, 2022

Monafoli is 100% a scam. DO NOT hand over any money. Thankfully I only invested a small amount to see how it all worked, I invested £300 to which I earn profits of £1500, I then asked for a withdrawal of £300 which I never got. They give excuses like you need to pay taxes on your withdrawal or they ask you to pay the amount you are withdrawing through a crypto exchange, they change your account manager each week and they call you to put more money in, they even advise you to take out a loan as I told them I do not have anymore money, they sent me over a list of payday loans and told me to apply for one and we can pay it back with "my profits". Obviously I did not do this. They're not FCA registered and if you check on the FCA register you'll find plenty of warnings about this company, unfortunately I only did this once I felt they're a scam. Monafoli.com has now become monafoli.net they change this every so often. I had a call this morning months after no contact at all, they are saying my account is in a minus and due to the terms and conditions I signed I must pay in an amount that will take my account out of the minus before I can close the account. To which I laughed at and told them no way am I giving them any more of my money and I hung up the phone.

Tip for consumers:
Avoid at all cost, do not believe in what they say. Normally when you're told you can invest £250 and within one week you'll have £4000 profit is too good to be true and in this instance is definitely is.

Products used:
This is a trading platform for crypto and Forex.

Service
Value
Quality
Thumbnail of user jimmyc302
1 review
3 helpful votes
December 18th, 2021

Totally scam ask to put more money but when you don't want to trade anymore can not withdraw. Steal your money

Thumbnail of user davidy712
1 review
1 helpful vote
November 4th, 2021

After making huge mistakes in trading on my own, following Twitter blindly, I started to be more responsible and look for the right platform for me that really meets my needs and my goals. I have been with Monafoli for while now and strongly recommend checking them out.

Thumbnail of user rachelh927
1 review
1 helpful vote
June 6th, 2022

They didn't execute my withdrawals after I made a number of deposits with them, which was a big swindle. However, with the guidance of superiorchargeback, I was able to resolve my issue.

Thumbnail of user karenm5776
1 review
0 helpful votes
February 14th, 2024

It's a SC@ M.
The process:
1. You deposit money
2. They ask for more money to upgrade your account (they are very friendly and convincing in the meantime they are making profit for you)
3. They ask money for the withdrawal
4. You don't get anything back
I got a refund with P R O U P S H O T.

Thumbnail of user penelopeb73
1 review
4 helpful votes
March 11th, 2022

Stay away from them if you don't wanna loose no money. When I asked to withdraw my cash, i was advised i have to pay 10% of that amount in liquidation fees upfront. I had to fight for my money with the help of Brokerfraudcomplaint, com.

Thumbnail of user richardt1514
1 review
1 helpful vote
November 18th, 2021

Since I have started crypto trading, everything was difficult and I was lost and getting FOMO. Thanks to Monafoli educational materials and their analysis and how to read the market in the right way, understand bitcoin halving and the cycle itself. For sure, I recommend signing up for their courses ASAP.

Thumbnail of user francisp210
2 reviews
0 helpful votes
May 15th, 2023

I was cajoled into thinking that this platform had something tangible to
Offer, I was approached by a lady on Social Media who told me about the
Platform that it was a lifetime opportunity worth investing into, She
Told me that her Uncle works at Wall Street. I was impressed and
Convinced so I decided to invest into the scheme. When I opted to take
Out my funds they kept insisting that I pay more in the form of percentage
Tax which sounded fraudulent. I was forced to seek help and I was
Directed to BR0ADOÅK-CAPITAL.CO0M which took up my case and help
Retrieve my funds

Service
Value
Quality
Thumbnail of user gregoryp398
1 review
1 helpful vote
November 16th, 2021

If you got the time and wanna learn how to trade and how to take advantage of the market volatility, I do recommend joining Monafoli. They are one of the best in the market. They have the exact tools and trading platform that anyone needs to excel in trading.

Thumbnail of user cryptog4
1 review
2 helpful votes
December 17th, 2021

Scammers who harrass you daily, promise the earth & are the lowest forms of life on this earth. Personally they've robbed me in excess of €1.6million. Yes I fell for there constant harrassment & promises. Name of my supposed account manager was Michael Davis (Spanish, never heard of a Spaniard with an English name) I was advised 'He is one of our best Brokers', haha, best scammer using Anydesk to access my coin & transfer to God knows where, then a supposed 'Floor Manager' called Dan Millar (definitely not an Englishman) & the funniest was Tom Green, the CFO who was Italian. Feel stupid falling for this b*ll$#*!. Just doing this review to ensure no other genuine persons hand over there Cryptocurrency or monies. They even attempted to get their dirty hands on my retirement savings.
I am threatened with legal action by the Italian Tom Green, bring it on I say as your the cyber criminals Monafoli.
Hang up the phone peoples, which I should've done hearing non English voices with English names as above.
I will never get my monies back, this is the situation I don't want anyone else to go through. Godspeed

Tip for consumers:
Read before falling for this companies dishonesty in particular

Products used:
Cryptocurrency platform managed by Monafoli

Service
Value
Quality
Thumbnail of user johna4039
2 reviews
1 helpful vote
May 30th, 2022

I WILL NOT ADVISE ANY ONE TO USE THEM, THEY TOOK A LOT FROM ME AND RAN AWAY WITH IT, I WAS FORTUNATE TO GET HELP WHEN I FILED A CASE AGAINST THEM AT LUCENTEQ. NET. THEY HELPED ME.

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