Moneytt Review – Undoubtedly One Of The Worst Brokers Around

Usually, when you think of investing, the first thing you think of is the profit. Nowadays, with so many advanced tools, AIs, and copy trading platforms, it has become quite easy to make money. Yet, you should keep in mind that it’s a two-edged sword.

Whenever something becomes popular, swindlers find a way to ruin it and make it less trusted. That’s what happens with the trading industry. Luckily, our Moneytt review presents you with important details you have to watch out with every broker to keep money safe.

Broker status:	Unregulated Broker
Regulated by:	No regulations
Operating Status:	Active FX and CFD trading scam
Known Websites:	https://Moneytt.info/
Blacklisted by:	FCA
Owner:	Moneytt INTERNATIONAL LTD
Headquarters Country:	N/A
Foundation Year:	2023
Online Trading Platforms:	Web-based
Mobile Trading:	No, only via browser
Minimum Deposit:	N/A
Deposit Bonus:	N/A
CFD Trading Option:	Yes, you can trade CFDs
Crypto Asset Trading:	No
Available Trading Instruments:	Forex, commodities, indices
Maximum Leverage:	N/A
Islamic Account:	Not available
Free Demo Account:	Not available
Accepts US clients:	US clients are accepted
Global Fraud Protection Experts’ Verdict:	Trading with this unregulated platform can only bring you trouble and headaches. The proof of that is the warning from the FCA. Therefore, getting money back might be a problem. Unless you talk to our refund experts for detailed guidance.

Is Moneytt Legit or a Scam?

As can be seen, the company claims to be operated by Moneytt International Ltd. However, it appears this firm is just using other firms’ legal information. Nevertheless, the company’s address remains unknown, which is already a big sign of a scam.

A lack of regulatory oversight is another sign this company is an absolute fraud. Therefore, if you are looking for an FCA, BaFin or ASIC regulated broker, you have to look elsewhere.

To be fair, this company has been found in the FCA database. But on the warning list. Spanish IOSCO has quickly reposted it to make it more visible. With this in mind, you can forget about segregated bank accounts for deposits the company is proudly advertising.

How Does Moneytt Work?

Even though there are no Moneytt reviews, the pattern of this company is quite clear. They will most likely mislead traders into registering with them through their shady social media campaigns. Some possible options are crypto and auto-trading systems. The moment you register, the company’s agents will relentlessly call you before you even have a chance to investigate them.

Once you realize they are scamming you, it’s already too late. You have invested so much money with them that you can’t keep track of it. But it’s not because of greediness but lack of knowledge. In any case, once that happens, the best option is to file a chargeback. For step-by-step advice, we encourage you to contact our refund specialists.

Who Are Moneytt Victims?

Important to realize is that Moneytt broker has been in the business only since June 2023, according to their domain age. As mentioned, there are no reviews. Yet, website traffic tells us who their main victims are. Mostly traders from:

• Cyprus
• South Korea
• United States
• Japan

Since they are targeting strictly regulated countries, it’s just a matter of time before they disappear, mainly due to numerous warnings that will most likely be published. If you don’t believe it, check our Future Flare Finance review for a similar scenario.

What Are Trading Platforms Available?

As can be seen, the company has been advertising Moneytt TradingView. However, TradingView is an independent platform offering only charting features and screeners. It’s not a trading platform. So, that’s another lie from this company.

The only thing you can get with them is highly suspicious WebTrader. Fairly not the most advanced one.

Is the Moneytt Mobile Trading App Available?

The Moneytt app download option supposedly exists. Also, it’s for TradingView, which is another misleading detail. The company’s links lead to the PMT Plus platform, which has only slightly over 100 downloads on PlayStore. Therefore, the platform’s credibility has dropped to zero.

What Financial Instruments Does The Platform Include?

Another huge disadvantage of this company is a lack of crucial instrument classes. Such as stocks and cryptos. Instead, traders can only trade:

• Forex – USD/AUD, EUR/JPY
• Commodities – gold, crude oil
• Indices – S&P500, NASDAQ

Account Types Offered by Moneytt

Usually, legitimate brokerages offer different account types with different conditions. Unfortunately, this one does not reveal the minimum deposit requirement, which wouldn’t be concerning if it were regulated.

In any case, all traders get the same fictive trading conditions and pray for the best outcome. But our Smart Epargne review proves that you won’t experience anything good with an unregulated broker.

Can a Trader Use a Moneytt Demo Account?

Of course, if the company offered a demo account, it would expose all of its shady conditions. Therefore, such an option is not available with this brokerage. Find another broker if you are looking for less risky options like micro accounts or no-risk options like demos.

Moneytt Fees, Spreads, Leverage and Commission

The key detail that might prevent you from making a Moneytt withdrawal is the trading conditions. Allegedly, the company offers spreads starting from 0.1 pips. Thus, none of the other conditions are revealed.

So, is it worth having spreads from 0.1 pips if they will rip you off with fees and commissions? Absolutely not. If they offer leverage of 1:1000 and you lose everything in a matter of seconds, would it matter? Still, not. That’s why transparency about these details is quite important.

Is the Moneytt Welcome Bonus Available?

You should be prepared for anything once you register and complete the Moneytt login procedure. But also, for bonus deals, this firm might offer you.

To be fair, they don’t disclose if such options are available. However, with scam brokers, you never know. And with non-licensed firms, bonuses are never a good option.

Is Moneytt Withdrawal Possible?

Generally speaking, you knew the answer once you read the company was not regulated. On top of that, the company doesn’t disclose any legal documents or withdrawal policies.

So, details like processing time, methods, and fees remain a mystery. And if you think about it, that gives them enough time to prolong the process. Ultimately, you either deposit more money or lose everything.

What Should I Do If I Have a Moneytt Problem?

Issues with Moneytt scam brokers are highly expected. At first glance, you should let local regulators and other traders know about a problem. However, that won’t get you your money back, we know.

But there are ways to recover it. One of the options is the chargeback, which can be easily filed if you transfer money with cards. On the other hand, crypto transfers have a bit longer procedure and require tools like CipherTrace. If you want to learn more about how to recover money, send us a message immediately.