Review – Crypto Trading Platform or SCAM?

On October 12, 2022, one of our partners received the following complaint regarding a website of an online crypto trading platform known as MoniFinex, found at

We have been fooled a lot by trusting Monifinex

The complainant allegedly lost $17,000 for MoniFinex.

We therefore decided to write this scam review in order to warn our followers.

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Let’s begin with this Scam Review:

What is MoniFinex (

MoniFinex calls itself “The best crypto trading platform” and claims to offer profitable investments when you trade and invest with them.

The way it works is that the client deposits cryptocurrency with them, trades, and then withdraws the profits, if there are any.

Get in touch with our affiliated Bitcoin Forensic Investigators at CNC Intelligence for free by filling out the form below.

    They offer three investment tiers:

    1. The Starter package requires a minimum investment of $100. In 24 hours, the client is promised a 15% profit.
    2. The Silver package reuires a $1,000 minimum deposit and in 3 days the client is promised a 45% profit.
    3. The Gold package required a $10,000 minimum deposit. After one week, the client will allegedly be able to withdraw 175% of their investment.
    4. Finally, there’a Platinum package which requires a minimum deposit of $20,000, for one month, with a 100% profit.

    So on the Platinum package, for example, a client who deposits $25,000 will be able to basically double his investment and withdraw $50,000 after one month.

    Obviously, they are promising a high yield, which should immediately raise a red flag as being a too good to be true.

    There’s a service usage fee, according to the Terms documents, of 15% of the profit in the clients’ account required to process any withdrawal requests.

    They go on claiming that they “make up to 99% daily wins,” and that they “also have a bitcoin mining team working with our platform.” They continue:

    We generate a profit of 5BTC daily which equals about $47,686 in today’s market. Our company is SEC registered, fully licensed and Insured, your initial capital invest is 100% insured

    Moreover, their trading methods include binary options, according to the title of the websites, which nowadays is known to be a scam.

    So, Is Moni-Finex a SCAM?

    It should be pretty easy to see if MonFinex is indeed SEC registered, although the profit claims is already to make them highly suspicious of being a scam.

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    At their Terms documents they state that:

    ZenGo Wallet Banner

    As a private transaction, this program is exempt from the US Securities Act of 1933, the US Securities Exchange Act of 1934 and the US Investment Company Act of 1940 and all other rules, regulations and amendments thereof. We are not FDIC insured. We are not a licensed bank or a security firm.

    MoniFinex Contact Information

    Email address:

    They also have a live chat widget on their website in which they claim they reply immediately.

    We sent them a message to test out this claim.

    However, they did not answer.

    Address: 102 Doncaster Rd Barnsley, South Yorkshire, United Kingdom.

    Telephone number: 01226 288351 (WhatsApp).

    A quick Google search reveals that these are fake contact details!

    They are actually the phone number and address of an independent family owned brewery which operates a number of pubs across North England.

    Screenshot demonstrating that the address of is fake
    Notice Moni-Finex’s address vs. the screenshot from Google About page

    Unfortunately, there’s no checkable information on MoniFinex’s About Us page. The page only says:

    we are secured with latest server security tech, highest encryption level, we stay protected 24/7 Since its establishment, Moni finex LIVE TRADING has shown commendably successful and consistent performance and trading history.

    There’s no LinkedIn profiles or any information regarding the people behind this company/website. Domain Information

    The domain was registered on March 1, 2022 for one year through NameCheap, Inc registrar. The owners of the website are using a privacy service to hide their real identities.

    Their Authority Score is 0 and they have no links from legitimate websites.

    They have very little traffic with most of the traffic they get being from Thailand.

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    Moni-Finex Reviews

    We find some scam MoniFinex reviews, and no positive reviews, regarding MoniFinex on Google (see for example TrustPilot), however there was a previous website, now defunct, at

    It seems highly likely that they are one and the same, and that is the new version of

    MoniFinex Scam Review Conclusion is offering something that is definitely too good to be true.

    By the time we finished writing this review, we did get a response from them through the live chat.

    We asked if they have any comment regarding the scam complaints, they said that is not true.

    ZenGo Wallet Banner

    We then asked why they are using a fake telephone number and address, and again, they reply that is not true.

    They then went ahead and terminated the chat session with us.

    In their Terms document they ask

    Don’t post bad vote on Public Forums and at Gold Rating Site without contacting the administrator of our program FIRST. Maybe there was a technical problem with your transaction, so please always CLEAR the thing with the administrator.

    Can’t say we didn’t try to contact them before posting this review!

    To summarize, while we have found many scam warnings against MoniFinex, it could be that they are all referring to, which is no longer in existence.

    It might also be that the new has nothing to do with the old MoniFinex scam.

    However, do you really want to invest with a company that uses fake contact information, that promises unrealistic profits, and that has no verifiable owner information?

    Our conclusion therefore is that it is highly likely that Moni-Finex is a SCAM! Stay away from them.

    If you have any firsthand information with, please comment below this review. We can also provide with help in recovering funds losts to scams, including to recover money from Moni-Finex.

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