Maunto review

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Basic information from Maunto review

About trading with Maunto

Minimum deposit:	250 USD
Min. trade:	0.01
Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions.	1:400
Spreads:	Spread on the currency pair EUR/USD is 2.5 to 0.9 pips * on a standard account type
Underlying assets: Might be a CFD.	Forex (47), stocks (158), commodities (13), indexes (12), cryptocurrencies (10)
Base currencies:	EUR, USD, JPY, INR, KRW
MetaTrader 4:
Other trading platforms:	WebTrader
Social trading:

Maunto Trading Platform

Maunto provides traders with a WebTrader platform that is accessible on all kinds of devices without the need for downloading. The platform comes with a user-friendly interface that is suitable for both experienced and beginner traders. Moreover, the platform is fully customizable so traders can make it their own. Further, it offers a plethora of features including over 60 different analytical tools that allow traders to perform thorough market analysis and make informed decisions.

On another note, this platform uses a non-dealing desk execution model. This means that it connects traders directly to the interbank market without middlemen. As such, traders get transparent pricing that is fair without conflict of interest. Finally, traders get real-time updates which gives them an edge over other traders in the fast-moving forex market.

Finally, this platform comes with more traditional features including risk management tools such as take profit and stop loss. The one-click account switching feature allows traders to seamlessly shift from one account to the other.

A Review of The Assets Available on Maunto

Maunto understands the need for traders to diversify their portfolios and provides access to a variety of market products totalling over 160 different assets. These include CFDs on six different asset classes as detailed below.

• Forex – On the Maunto trading site, traders can access CFDs on 45+ different currency pairs including majors, minors, and exotics. Better yet, traders access real-time price updates ensuring they do not fall behind the market.
• Indices – Maunto also provides traders with 12 different indices to invest in. These range from popular indices such as the US30, Nas100, UK100, and DE40, plus others.
• Cryptocurrencies – Further, traders can diversify their portfolios by investing in 10 different popular cryptocurrencies. These include crypto assets such as Bitcoin, Cardano, Monero, and Dogecoin, among others.
• Stocks – Investors can buy and sell the stocks of some of the most popular companies in the world using the Maunto trading site.
• Commodities – Over 20 different commodity CFDs are available to trade on the Maunto broker site. These include crude oil, cotton, corn, and sugar, among others.
• Metals – Finally, traders can invest in precious metals which include Gold, Silver, Palladium, and Platinum.

Maunto Fees and Spreads

When trading online, traders always want to know that they are trading with a broker that offers low spreads and fees. The spreads are the main fees that apply when trading on this broker site and they depend on the account that a trader chooses to use. In total, there are five different accounts that fit different trader profiles. These accounts include the Classic, the Silver, the Gold, the Platinum, and the VIP accounts.

The classic account and the silver account both feature spreads as low as 2.5 pips on the EURUSD currency pair with no commission charged. In comparison, the gold account has a spread from 1.8 pips on the EURUSD pair, with no commission required. Further, the platinum account charges spreads that start from 1.4 pips without commissions. Finally, the VIP account features spreads from as low as 0.9 pips on the same EURUSD pair with no commission.

Another fee that traders pay on this broker site is a swap fee charged on positions held overnight. This swap fee depends on the asset being traded and the size of the trade. Positively, Maunto provides a table with specifications on the swap fee rates for each of the assets for traders to view at any time. Moreover, four of the accounts on the broker site offer a swap discount to traders. The only account that does not offer a swap discount is the classic account.

Maunto Education

An education section is one of the most important things on a broker site. It equips traders with the necessary knowledge they require to navigate the complex markets. Positively, Maunto demonstrates its commitment to empowering traders with education and is in the process of developing a comprehensive suite of educational resources. This is because Maunto recognizes the importance of informed trading and seeks to provide traders with both knowledge and tools to trade financial markets effectively.

Maunto Credibility

This is a very important thing to consider when picking a broker to invest with. The credibility of a broker precedes everything else they have to offer to traders. If a broker is not credible, then all the features they provide are in vain. To evaluate the credibility of a broker, we look at two important things. These include the regulation of the broker and the online reviews from traders who have used the broker before.

On regulations, Maunto operates under DataWave Tech Ltd and is regulated by the Mwali International Services Authority with the license number T2023409. While this is not a popular regulator, it is always a safer bet to trade with a regulated broker than with a broker with no regulations whatsoever. Moreover, it shows the commitment of Maunto to follow strict financial laws and standards. Nonetheless, it would help tyhe company to obtain a regulatory license from top organizations like the CySEC, the FCA, or the ASIC, among others. Moreover, Maunto keeps client funds in separate accounts from the company’s operational funds. This ensures that client funds remain protected if the company faces financial difficulties.

Finally, Maunto has a solid rating from the online reviews on Trustpilot. The company enjoys a 4.2 star rating out of five with most of the reviews being 5 stars. This shows a general satisfaction by the users of Maunto.

Maunto’s Customer Support

Customer support is another important feature that should never be ignored when picking a forex broker. For a company handling people’s money, customer support should be readily available in case clients have issues they need resolved. Positively, Maunto provides traders with multi-channel customer support that is available 24 hours 5 days a week aligning with global trading hours.

To reach customer support, traders can send an email via the address support@maunto.com. Additionally, they can call the team via the company’s support line, +44 203 150 2347. Finally, traders can chat with the company’s staff via the live chat feature. Notably, customer support on Maunto is multi-lingual to cater to a diverse client base. Further, VIP account holders have dedicated account managers who can offer them personalized support and guidance to optimize their trading experience.

The Bottom Line

Maunto comes out as a promising CFDss broker with an intuitive trading platform. With a variety of account types tailored to different trading styles, Maunto caters to both novice and experienced traders. Moreover, the broker offers a non-dealing desk execution model that encourages transparency and ensures real-time price streams. While the regulatory status could be bolstered by obtaining licenses from more recognized authorities, Maunto’s adherence to regulatory standards and positive user reviews help with its credibility. Furthermore, the broker offers customer support through various channels ensuring traders can get their issues resolved.