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webgalaxy
1-2 years

Can you tell me the typical EUR/USD spread offered on a standard account with Monex Europe?

Broker Issues
Monex Europe
Fees and Spreads
08-15
United States
WikiFX
Reply

As someone who has traded with a variety of brokers and carefully reviews regulatory status before placing funds, I need to stress that Monex Europe currently raises several significant red flags for me. According to my research, Monex Europe once held an FCA license in the UK, but this has been revoked and the broker is now considered unregulated. This level of regulatory uncertainty is a material risk factor in my decision-making, as I prioritize the security of client funds and transparent trading conditions. When it comes to specific trading conditions such as the typical EUR/USD spread on a standard account, I was unable to find clear or verifiable information. Monex Europe’s offerings emphasize institutional-level FX products and payment solutions, particularly for corporate clients, rather than the typical retail trading structure with published spreads for popular pairs like EUR/USD. The absence of publicly disclosed spread information—coupled with the lack of a demo account and very limited fee transparency—makes it impossible for me to give a reliable answer on their standard account spreads. This lack of transparency is precisely why I always advise a cautious, research-driven approach before engaging with any broker, especially one with elevated risk warnings and a revoked regulatory license. For me, until Monex Europe improves its regulatory standing and provides clear details on trading conditions, I do not consider it a trustworthy venue for forex trading.

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