In the FxGecko app, you can reference the top 100 forex brokers for your selection. If not in the top 100, pay special attention to the broker's primary white label relationships and risk alerts.

Recently, some investors asked if Monevis (Monevis Brokers Ltd.) is safe.

Based on information from the FxGecko app, Monevis is a forex broker established in October 2023 under the company name Monevis Brokers Ltd., here are some risk signals associated with Monevis:

1. Low Overall Rating: Monevis has a low rating of 1.19/10 on FxGecko, ranking globally at 5646, indicating poor overall performance.

2. Short Establishment Period: The company was founded relatively recently in October 2023, lacking evidence of long-term operation and credibility.

3. Unregulated: Despite claiming registration in Saint Lucia, no relevant regulatory information was found. Importantly, Saint Lucia does not regulate forex trading or brokerage activities, posing potential investment risks.

4. Single Server: The platform operates with only 1 MT5 server located in the United States. This suggests a smaller user base, potentially impacting trading stability and reliability.

Investors should be cautious of these risks associated with Monevis and opt for reputable, regulated forex brokers to safeguard their investments.

Stay away from low rated, unregulated forex brokers!

Before trading, check brokers in FxGecko app; if you encounter any problems, you can file a complaint for help.

Click here to see how to check if a broker is safe and what to do if you encounter a scam broker.

Click here to recognize common investment trading scams to avoid being scammed.