If you’re promised ultra-tight spreads and lightning-fast withdrawals, it doesn’t necessarily mean you can trust such a broker. Even if there are positive reviews about the company, they might be fake. MonumentalSphere specializes in margin CFD trading, but what is the platform really like, and should you consider it as a brokerage partner?
Brief Overview
- 🖥Official Website: monumentalsphere.com
- ✈️Contact Address: OBC Suisse AG, Europaallee 41, 8004 Zurich, 22 Tudor Street, Clarkenwell, London, EC4Y 0AY
- 📞Customer Support: [email protected], +41435086339
- 🔐Licensing and Accreditation: no
- ⏳Track Record: 2024
- 🧰Specialization: brokerage service
- 🤝Terms of Cooperation: $10,000
- 💰Additional Services: account manager, education, risk management strategies
Monumentalsphere.com Examination
It’s doubtful that much effort was put into the official website of MonumentalSphere. It is only available in English, and the design appears too simple and generic. The images used look like standard stock photos, which do not add uniqueness or professionalism to the site. Illustrations with cartoon characters can give the impression of an unprofessional approach, which is unacceptable in the financial sector.
The texts are filled with standard marketing phrases like “Bespoke trading platform built to improve your experience” and “Super-fast withdrawals”, which provide no specific details and seem like empty promises. Additionally, there is an excessive amount of marketing language that adds no real value and may give the impression of attempting to hide important information behind “fluff”.
There is no quick way to find the necessary information through a search function, making it difficult for users to navigate the site. It’s also worth noting that the website does not provide information about licenses, the business model, or insurance, which raises serious concerns about its legitimacy. There is a typo on the buttons for creating and logging into a personal account — “Sing up” instead of “Sign up”. Such errors create the impression of a lack of attention to detail.
MonumentalSphere’s website raises serious doubts on several fronts, including the lack of legal information, generic design, non-informative texts, and navigation errors. All of this contributes to a perception that the platform should not be taken seriously.
Company Contacts
You have the option to send an email or call the hotline, with the phone number provided in the “Contacts” section on the official website. The online chat is only available within the personal account, meaning only registered users can access it. There are no other ways to contact MonumentalSphere, although they could have offered social media profiles or an online chat on the main page instead of restricting it to the personal cabinet. Additionally, having just one email address and one phone number indicates a small-scale operation. Large organizations typically have multiple emails and phone numbers for different branches.
Key Conditions
The broker promises zero spreads, which might seem like an advantage, but there’s no mention of commissions. Commissions are likely to exist if spreads are zero because the broker needs to make money somehow. However, it’s probable that MonumentalSphere profits from its clients’ lost deposits. This is due to its business model, where earnings come not from commissions but from traders’ lost funds. This is a dealing desk model with a conflict of interest.
Moreover, the firm positions itself as a reputable broker, requiring a starting deposit of $10,000. Nowadays, this practice is usually found only with fraudulent organizations in the forex industry. Scammers set such high minimums to steal more money from their victims. While a reputable broker might allow trading with a $10 deposit, scammers won’t bother with a trader who won’t bring them significant “revenue”.
MonumentalSphere offers seven account tiers with extremely high minimum deposits. Some tiers even require investments of at least half a million dollars. The idea is that more expensive account types unlock new privileges and options, such as risk-free trades, higher leverage, and personalized trading alerts. All clients have access to a personal manager, platform instructions, guides, and strategies.
Exposing MonumentalSphere
Why does the company require a minimum deposit of $10,000 when it can’t even provide guarantees of reliability? Indeed, the broker does not have a license to operate. Regulation is not mentioned on the official website, and to be 100% sure that the platform is operating illegally, you can check the financial commission registers of Switzerland and the United Kingdom. Both of these jurisdictions are mentioned on the site. The Swiss office is supposedly listed on the site, and the UK is referenced in the user agreement, with registration claimed in London.
However, the company is not listed in either FINMA or FCA registers. Notably, MonumentalSphere is completely absent in these countries. Checks were conducted not only through the regulators’ registers but also through legal entity registries. There is no firm with this name anywhere. As a result, it’s unclear whether the broker is even officially registered.
MonumentalSphere is a very secretive platform. Besides the addresses, there is no other information provided. Even the founding date is hidden, although the reason for this is obvious. The scammers didn’t want to lie about their experience, so they simply left out any details about their operating history. However, the domain registration date shows that the company only started operating in June 2024.
The conflict of interest has been mentioned before, but it’s worth repeating — this is a 100% B-Book broker. The founders’ names are unknown, no financial details are provided, and there are no financial reports. The operation is entirely illegal.
What Reviews Do Users Leave?
There are reviews about MonumentalSphere, not many, but they are positive. They are mostly written in German and began to appear in July of this year, right after the domain was registered. However, these reviews cannot be trusted. They are short, 2-3 sentence comments without real evidence that traders made money and were able to withdraw it. This indicates that these are simply fake comments.
Conclusions
In this MonumentalSphere review, arguments were presented explaining why the company is illegal and engaged in fraudulent activities. Besides the lack of a license and a serious operating history, even the trading conditions don’t seem interesting or profitable. The platform operates on a business model with a conflict of interest, and the minimum deposit is staggering — $10,000.
Pros/Cons
- You can register an account and check out the platform's interface.
- The broker boasts fake addresses.
- No regulatory licenses.
- Fake positive reviews are detected.
- Unfavorable trading conditions.
If this is a legal and honest broker, then I don’t know what I’m doing in trading. MonumentalSphere looks like an outright scam that launched recently, published a few fabricated reviews about itself, and will soon shut down. I could be wrong, but it’s unlikely. After all, the absence of a license, documents, and other reliability factors is a clear indicator of whether you’re dealing with scammers or not. Moreover, commissions and leverage aren’t even mentioned. How can that be??
I invested $17,500 here to trade based on their signals. The scammers provided me with videos of real trading based on signals, as well as screenshots of PnL. I was eager to earn the same, so I fell for it and invested the money. But I didn’t know that I was dealing with a fake broker, not a legitimate one. As it turned out, the scammers just took my $17,500 and then stopped responding. Later, I found out that this organization doesn’t exist in Switzerland. It also lacks a license, and getting my money back is impossible. I want to warn everyone they might try to scam. Spread this information as widely and quickly as possible. The scammers are on the hunt and looking for novices to extract as much money from as they can.