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MonFX Review: Is It Legit and Regulated?

MonFX Pte. Ltd.

SG Operating period unverified

FindMyFX score

high risk

5.0/10

0 Score out of 10 10
Independent assessment Updated 2026-07-22

Contact & regulation

Official website
monfx.com
Address
5 Shenton Way, UIC Building, #10-01, Singapore 068808
Contact
5 Shenton Way, UIC Building, #10-01, Singapore 068808
Primary license
MAS · Unverified

Missing values mean the information has not been verified or published yet—not that the broker does not provide it.

Quick verdict

Is MonFX legit and regulated?

FindMyFX has license records for MonFX, but none is currently presented as fully verified. Check each entity, jurisdiction, source, and verification date before depositing.

This is a source-limited research summary, not a safety guarantee or investment recommendation.

Broker-provided profile information is reviewed before publication. Paid profile features never affect FindMyFX scores, license verification, risk flags, reviews, complaints, or editorial decisions.

Broker-provided company information

MonFX is a Singapore commercial foreign-exchange specialist serving corporate and institutional clients with payments, spot FX, and OTC derivatives.

Professional broker overview

FindMyFX editorial summary

MonFX is listed in the Monetary Authority of Singapore directory as a Capital Markets Services licensee for OTC derivatives and an exempt financial adviser for specified OTC derivatives and non-leveraged spot foreign exchange. The company focuses on corporate payments and foreign-exchange risk management rather than retail speculative trading. Public sources do not provide retail account deposits, leverage, or spread tables.

Prepared from reviewed sources for informational purposes. This is not investment advice.

Editorial note: MonFX is an institutional and corporate FX provider, not a conventional retail leveraged-forex platform; pricing is generally relationship-based and was not publicly disclosed.

Operational status
active
Broker type
unknown
Execution model
Commercial FX and OTC-derivatives provider for corporate and institutional clients.
Support hours
Not verified

Support languages: English

Documented advantages

  • MAS's official directory lists the company and its authorised activities.
  • The official site describes spot FX, risk-management, and international-payment services for businesses.

Documented limitations

  • The service is focused on corporate and institutional clients rather than retail traders.
  • Public account minimums, spreads, commissions, and leverage were not found.
88%coverage

Published profile coverage

7 of 8 core information groups currently contain published data. This measures data availability, not broker quality or safety.

Company structure

Legal entities

Registered companies associated with this broker profile.

1 entity

MonFX Pte. Ltd.

Primary
SG 201611101E

Markets and instruments

Foreign-exchange forwards

unverified

International payments

unverified

OTC foreign-exchange derivatives

unverified

Spot foreign exchange

unverified

Deposit and withdrawal methods

Bank transfer

unverified

Deposit: Yes · Withdrawal: Yes

Processing time not shown · Fee not shown

Additional and historical websites

Licenses and regulators

MAS

No license number

unverified

Last verified: Not shown

Type: Capital Markets Services Licence
Client class: professional
Compensation: Not shown
Segregated funds: Unknown
Negative balance protection: Unknown
Open official register ↗

Jurisdiction-specific offerings

SG · professional

unverified

Entity not linked · Leverage not shown

Compensation scheme not shown

Score components

Regulation and licenses

7.5/10 · 35%

The MAS Financial Institutions Directory directly confirms the entity and authorised activities.

Security and track record

5.0/10 · 20%

No current authoritative warning or enforcement event was identified in the inspected sources, but no full historical review was completed.

Trading conditions

2.5/10 · 15%

The product scope is clear, but public retail-style spreads, deposits, leverage, and fees are unavailable.

Company transparency

7.5/10 · 10%

The regulator entry and official legal center identify the entity, registration number, address, and client scope.

Service quality

2.5/10 · 10%

Official contact routes exist, but no independently verified service-quality dataset was inspected.

Verified user reviews

0.0/10 · 10%

No inspectable verified user-review dataset was used.

Profile update history

Broker profile was published.

2026-07-22

Related regulated broker profiles

These profiles share at least one recorded regulator. This is not a recommendation or equivalence claim.