DataWave Tech Ltd, registered in St. Lucia, and its payment agent Valsia Services Ltd, based in Cyprus, are allegedly authorized to operate this website and provide financial services in the CFD market. In addition, the brokerage firm publishes details of its license issued on the island of Mwali. However, the company does not hold licenses from other regulators.

Does this platform provide a safe and secure trading environment for its clients? In our Maunto review, we will tell you about the details of this broker and whether you should cooperate with it.

How to Trade

The firm provides access exclusively to CFD instruments. You can trade over 160 financial derivatives, including forex, metals, and cryptocurrencies. The following offers are available:

  • 5 types of accounts.
  • 2 types of terminals, Webtrader and Trading App.
  • Minimum deposit from $250.
  • Leverage from 1:5 for stocks to 1:400 for forex.
  • Spreads from 2.5 pips.

The broker claims that there are no commissions on deposits. You can use credit/debit cards, APMs, and wire transfers for transactions.

Withdrawal requests are processed no earlier than 8-10 business days. The minimum withdrawal amount is $10.

The intermediary offers traders market analysis and interactive courses. However, the “Educational Center” section of the website is blocked.

Maunto Vital Info

The owners of the project do not provide exact information about the date of the company’s foundation. Meanwhile, judging by the registration number, it was created in 2023. As for the domain, it was created in April 2023 and updated in January 2024. Most likely, the platform has been operating for a little over a year.

We decided to check the regulation of the company that owns the Maunto brand and found DataWave Tech Ltd. in the MISA registry. Indeed, this firm is licensed by the Mwali Authority under number T2023409 dated November 17, 2023. In addition, payment agent Valsia Services Ltd is registered in Cyprus under number HE448660. However, MISA’s reputation leaves much to be desired, and its licenses do not provide any guarantees of the brokerage organization’s reliability.

FAQ

What are the key facts about Maunto?

Judging by the registration number of the management company, the dates of license issue and domain creation, the project was created in 2023. In addition, the company that acts as the broker’s financial agent is registered in Cyprus. However, the hero of our review is not regulated by reputable financial commissions outside the Mwali offshore zone.

What's the risk to my wallet when working with this broker?

MISA regulates the platform, but this financial commission is not considered strict and it does not give any guarantees to residents of other countries. Therefore, your trading here still poses a higher risk of losing money. Moreover, trading CFDs with a leverage of 1:400 threatens you with 100% losses, since reputable commissions in other countries limit this parameter to 1:30.

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