Moneda del Mundo
Pros and Cons
Pros
- Offers access to Forex, stocks, indices, commodities, and cryptocurrencies
- Provides multiple account types: Bronce, Plata, Oro, Platinum, and Diamante
- Trading platforms: WebTrader, Moneda Del Mundo Terminal, and mobile app
- Leverage up to 1:200 available for trading
- Multiple deposit and withdrawal options, including bank transfers and cryptocurrencies
Cons
- No valid regulatory oversight
- Limited educational resources available
- Monthly account fees apply
- Website only available in Spanish
- High minimum deposit requirement of $250
Basic Information
User Reviews
Moneda del Mundo Overview
Moneda del Mundo is a forex broker founded in 2024, based in Comoros. Currently, it operates without any regulatory oversight, raising concerns regarding its trustworthiness in the financial trading space. The lack of regulation can present significant risks for traders, highlighting the importance of conducting thorough due diligence before engaging with such platforms. As a relatively new entrant in the industry, Moneda del Mundo’s credibility is still being established, which potential users should take into account when considering their trading options.
Is Moneda del Mundo Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| None | Comoros | No fund protection measures |
Is Moneda del Mundo Regulated and How Are Client Funds Protected?
Moneda del Mundo is not regulated by any recognized financial authority, which raises significant concerns regarding its legitimacy and safety. The absence of regulation means that there are no investor protections in place, such as segregated accounts or compensation schemes, which are typically provided by licensed brokers. This lack of oversight increases the risk of fraud and makes it difficult for clients to seek recourse in case of disputes or issues related to their funds. Traders considering this platform should exercise caution, as trading with an unregulated broker can expose them to substantial risks.
Trading Products and Services
What trading instruments does Moneda del Mundo offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/CAD | Many |
| Commodities | Gold, Silver, Crude Oil | Varies |
| Indices | S&P 500, NASDAQ, DAX | Varies |
| Stocks | Apple, Tesla, BP | Many |
| Cryptocurrencies | BTC, ETH, XRP | Varies |
Moneda del Mundo provides a diverse range of trading instruments, allowing traders to access various markets, including Forex, commodities, indices, stocks, and cryptocurrencies. This variety caters to different trading styles, enabling both beginners and experienced traders to develop effective strategies. By offering multiple asset categories, Moneda del Mundo supports portfolio diversification, which can help mitigate risk and enhance potential returns. Whether you prefer short-term trades or long-term investments, the platform’s comprehensive product lineup ensures flexibility in your trading approach.
Account Types and Trading Conditions
What Account Types and Fees Does Moneda del Mundo Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Bronce | Beginners | Low minimum deposit, basic trading tools | Suitable for small-capital practice |
| Plata | Intermediate Traders | Enhanced features, improved leverage | Requires a minimum trading volume |
| Oro | Experienced Traders | Competitive spreads, lower commissions | Requires higher minimum deposit |
| Platinum | Professional Traders | Advanced trading tools, dedicated account manager | Eligibility based on trading experience |
| Diamante | Corporate Clients | Unlimited trading signals, financing plans | Requires corporate documentation |
Account Opening Process
To open an account with Moneda del Mundo, traders must follow these steps: First, submit personal information, including full name, date of birth, and contact details. Next, provide employment information to verify your professional background. Subsequently, financial information is required to assess your trading needs. Identity verification will also be necessary, which typically includes submitting an ID and proof of address. After the initial setup, traders have the flexibility to upgrade their accounts later, allowing them to transition to a professional account as their trading experience grows.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $3.5/lot) | Competitive for minor pairs |
| CFDs (Stocks) | 0.1% | $5 per lot | Standard fees apply |
| CFDs (Indices) | 0.5% | $5 per lot | Varies by index |
| CFDs (Commodities) | 0.5% | $5 per lot | Standard rates apply |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on market volatility |
Other Fees
Moneda del Mundo also imposes several additional fees that traders should be aware of. These include deposit and withdrawal fees, which can vary based on the payment method used. An inactivity fee may apply if an account remains dormant for an extended period. Additionally, there may be platform usage fees depending on the account type, and overnight interest (swap rates) is applicable for positions held overnight. Currency conversion fees may also be incurred when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Moneda del Mundo Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4/MT5 | Windows, macOS | Two-factor authentication, multiple order types, technical indicators, economic calendar | Demo accounts, VPS |
| Web Version | Web (All devices) | Secure login, symbol lookup, price alerts | None |
| Mobile App | iOS, Android | Biometric login, one-click trading, push notifications | None |
Moneda del Mundo provides a variety of trading platforms, each catering to different trader needs. The MT4/MT5 platforms are ideal for advanced traders, offering a comprehensive array of tools and features for multi-asset trading. The web version allows access from any device, enhancing convenience for traders on the go. The mobile app supports secure logins and quick trading features, making it suitable for active trading anytime, anywhere.
All platforms ensure secure logins and efficient order execution. Real-time alerts and effective market search capabilities are available, allowing traders to stay informed and responsive to market changes.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| SPEI (Mexico) | Instant | No platform fee, 1% third-party fee | Min 100 MXN, Max 50,000 MXN/day | MXN, USD |
| SEPA (EU) | 1-3 business days | No platform fee, 0.5% for international transfers | Min 50 EUR, Max 20,000 EUR/day | EUR, USD |
| GrabPay (Southeast Asia) | Instant | No platform fee, 2% for withdrawals | Min 20 SGD, Max 10,000 SGD/day | SGD, USD |
| Bank Transfer (LATAM) | 3-5 business days | No platform fee, 1.5% for international wires | Min 100 USD, Max 15,000 USD/day | USD, MXN |
Minimum Deposit
Moneda del Mundo requires a minimum deposit of 100 MXN, 50 EUR, or 20 SGD, depending on the payment method selected. This threshold may vary based on account type or region, ensuring accessibility for diverse user profiles.
How to Withdraw
To withdraw funds from your Moneda del Mundo account, follow these steps:
- Log in to your account.
- Navigate to the ‘Withdrawal’ section.
- Select your preferred payment method.
- Enter the withdrawal amount and any required details.
- Review the transaction and confirm.
- Check your email for confirmation and processing updates.
Customer Support
Moneda del Mundo Customer Support Overview
Support Channels
Moneda del Mundo offers several efficient contact methods to ensure that customers can easily access support when needed. The primary channels include:
- Email: Customers can reach out via email at soporte@monedadelmundo.com for assistance with their inquiries.
- Live Chat: A live chat feature is available on the Moneda del Mundo website, allowing for real-time support directly from customer service representatives.
- Telephone: Customers can contact support via telephone at +54 11 5246 2192 for immediate assistance.
- Social Media: Moneda del Mundo maintains a presence on various social media platforms, providing another avenue for customers to seek help and stay updated.
Service Availability
Moneda del Mundo’s customer support operates 24/5, offering assistance from Monday to Friday. The support team is multilingual, providing services in both Spanish and English, ensuring that a wider audience can receive help effectively.
Additional Resources
In addition to direct support, Moneda del Mundo provides a range of educational resources to enhance the trading experience for its users. These include:
- Video Tutorials: Comprehensive guides covering various aspects of trading.
- Webinars: Regular webinars hosted by experienced traders, focusing on market trends and strategies.
- Market Analysis: Detailed market reports to help traders make informed decisions.
- Trading Signals: Insights and signals to assist traders in identifying potential trading opportunities.
Moneda del Mundo strives to deliver exceptional customer support and valuable resources to enhance the trading experience, making it easier for clients to navigate the complexities of the forex market.
Frequently Asked Questions
Moneda del Mundo currently operates without any valid regulatory oversight, which poses potential risks for clients. It is important to exercise caution when trading with unregulated brokers as they may not provide the same level of protection as regulated entities.
Moneda del Mundo offers leverage up to 1:500 across its accounts. However, specific details regarding spreads are not disclosed on their platform. Clients should ensure they understand the implications of high leverage in trading.
Given that Moneda del Mundo is unregulated, the security measures for client funds may not be as robust as those offered by regulated brokers. It is advisable for clients to consider the risks involved in trading with an unregulated platform.
Moneda del Mundo provides access to multiple trading platforms, including a browser-based WebTrader and a desktop application. Users have reported a customizable workspace and 24/7 access, but the experience may vary due to the lack of regulatory oversight and potential risks associated.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.