Maunto is a Forex broker regulated by MISA authority under license number T2023409. This broker provides 5 accounts, including Classic, Silver, Gold, Platinum, and VIP, for traders to buy and sell over 160 instruments.
This broker has 3 deposit and withdraw methods with a minimum deposit amount of $250.
Maunto Company Information & Regulation Overview
Unlike most online forex brokers, Maunto is driven by a mission to simplify financial market access, catering to traders from beginners to experts. Here's what you need to know about the company behind the platform:
- Company Name: DataWave Tech Ltd
- Incorporation: Saint Lucia (Registration Number: 2023-00512)
- Founding Year: 2023
- Regulatory Body: Mwali International Services Authority (MISA)
- License Number: T2023409
Maunto operates under the regulation of the Mwali International Services Authority (MISA), Comoros, with license number T2023409.
While MISA is an offshore regulator with limited oversight compared to Tier-1 bodies, Maunto supports basic safety mechanisms such as negative balance protection and encrypted communications.
Maunto Broker Summary of Specifications
To give you a quick overview of what Maunto offers, here's a snapshot of its key features based on the Forex brokers review methodology:
Broker | Maunto |
Account Types | Classic, Silver, Gold, Platinum, VIP |
Regulating Authorities | MISA |
Based Currencies | USD, JPY |
Minimum Deposit | $250 |
Deposit Methods | Visa/MasterCard, Bank wired, APMs |
Withdrawal Methods | Visa/Master Card, Bank Wired, e-wallets |
Minimum Order | 0.01 Lot |
Maximum Leverage | 1:400 |
Investment Options | No |
Trading Platforms & Apps | Webtrader, Trading APP |
Markets | Forex, indices, commodities, stocks, cryptocurrencies, metals |
Spread | Floating from 0.9 pips |
Commission | No commission |
Orders Execution | Market |
Margin Call/Stop Out | 100%/20% |
Trading Features | Demo account |
Affiliate Program | No |
Bonus & Promotions | No |
Islamic Account | No |
PAMM Account | No |
Customer Support Ways | Email, live chat, phone |
Customer Support Hours | Monday to Friday, 12:00 to 21:00 |
Restricted Countries | USA, Iran, Spain, North Korea and more |
What are Maunto Account Types?
Maunto offers five account types tailored to different experience levels and deposit sizes. All accounts feature similar leverage and margin conditions, while trading costs decrease in higher tiers.
The minimum trade size is 0.01 lots, and the maximum is 50 lots.
Account types | Classic | Silver | Gold | Platinum | VIP |
Minimum trading volume | 0.01 Lot | 0.01 Lot | 0.01 Lot | 0.01 Lot | 0.01 Lot |
Maximum Leverage | 1:400 | 1:400 | 1:400 | 1:400 | 1:400 |
Spreads | Floating from 2.5 pips | Floating from 2.5 pips | Floating from 1.8 pips | Floating from 1.4 pips | Floating from 0.9 pips |
Margin call | 100% | 100% | 100% | 100% | 100% |
Stop out | 20% | 20% | 20% | 20% | 20% |
Each account type provides access to Maunto's full range of markets and educational resources. The main differences lie in the spread offerings and additional perks at higher tiers.
Maunto broker also offers a Demo account, enabling traders to practice without financial risk. It’s an excellent way to explore strategies and get comfortable with the platform before committing to real funds.
Maunto Broker Advantages and Disadvantages
Like any trading platform, Maunto comes with its own set of pros and cons. Let's weigh them up:
Advantages | Disadvantages |
Over 160 tradable instruments | Limited Customer Support Hours |
User-Friendly Platform | Lack of top-tier regulation |
No commissions | Mixed user reviews on the Trustpilot website |
Vast educational resources | High than average spreads |
The absence of ECN or raw spread accounts may be a limitation for scalpers and advanced traders.
Maunto Broker Account Creation & Verification
Getting started with Maunto is a straightforward process. Here's a step-by-step guide:
#1 Visit the broker's official website
Navigate to the Maunto official website and click "Create Account" on the home page.
#2 Personal information form
Fill out the registration form with the following details:
- Name
- Last name
- Phone number
- Password (must contain lowercase, uppercase, 8-15 characters, one digit, and one special character)
Declare that you're above 18 and accept the company's T&C.
#3 Email verification
Use the verification link sent to your email to activate your account. Then, proceed to the Maunto client portal to adjust your trading account's settings.
#4 Maunto KYC verification
Navigate through the client dashboard and access the KYC area to upload supporting documents, including:
- Proof of ID: Passport or ID card
- Proof of Address: Utility bill or Bank statement
The Maunto verification process takes a few days, depending on the quality of the pictures you uploaded on Maunto website.
Maunto Trading Platforms
Maunto offers two main platforms for trading to cater to traders of all levels, including beginners and professionals. Maunto offers services on:
WebTrader Platform
Maunto WebTrader allows traders to buy and sell various instruments regardless of their device software. Key features of this trading platform:
- Instant price alerts
- Various order type
- Real-time data streaming
- Over 160 CFDs
Mobile Trading App
The Maunto Trading App is still under development. You can visit the application page on Firebase, experience trading with this app, and test its features to provide feedback to the developing team.
Maunto Broker Fees (Spreads and Commissions)
Maunto uses a spread-only pricing model with no commissions on forex trades. Spreads on the EUR/USD pair range from 2.5 pips in the Classic and Silver accounts to 0.9 pips in the VIP tier.
- Classic/Silver Accounts: Spreads from 2.5 pips on major pairs
- Gold Account: Spreads from 1.8 pips
- Platinum Account: Spreads from 1.4 pips
- VIP Account: Spreads as low as 0.9 pips
A $10 monthly maintenance fee applies, regardless of account activity. While the broker has no deposit or inactivity costs, Withdrawal fees include:
- 5% for cards and e-wallets
- $30 for bank wire
- $10 penalty for withdrawing without trading
It's important to note that while Maunto offers competitive spreads, especially at higher account levels, they're not the lowest in the market. Traders should weigh these costs against the platform's other features and benefits.
What Deposit & Withdrawal Methods Are Available in Maunto?
Maunto provides several options for managing your funds to cater to clients with various preferences:
Maunto Deposit Methods
- Credit/Debit Cards
- Wire Transfer
- Alternative Payment Methods (APMs)
Maunto Withdrawal Methods
- Credit/Debit Cards (Minimum $10)
- Wire Transfer (Minimum $100)
Although Maunto deposit and withdrawal methods are limited compared to other brokers, they are sufficient for many traders. Here’s Key Points to remember about Maunto deposits and withdrawals:
- Minimum deposit: $250 (or equivalent)
- Withdrawal processing time: 8-10 business days
- Advanced security measures protect client information
Maunto's deposit and withdrawal system aims to balance convenience with security. However, the longer withdrawal processing times might be a drawback for some traders.
Copy Trading & Investment Options Offered on Maunto Broker
As of the latest information available, Maunto does not offer copy trading or social trading features. This absence might be a disadvantage for traders who prefer to follow or mimic the strategies of successful traders.
While Maunto focuses on providing a straightforward trading experience, those looking for copy trading functionality might need to explore other platforms like eToro, AvaTrade, or Pepperstone, which specialize in this area.
Maunto Available Markets and Tradable Instruments
Maunto offers a diverse range of 160+ tradable instruments that help traders diversify their trading strategies:
- Forex: 47 Major, minor, and exotic currency pairs
- Commodities: 13 commodities, Including oil and sugar
- Indices: 12 global stock market indices, including FTSE 100 and Nikkei
- Cryptocurrencies: 10 Popular digital currencies, including Bitcoin and Ethereum
- Stocks: CFDs on over 100 popular stocks from global exchanges
While the overall asset count is lower than industry leaders, Maunto focuses on providing high-liquidity instruments suited for beginner-level traders.
Maunto Broker Bonuses Overview
As of the latest information, Maunto does not offer any specific bonuses or promotions. This approach aligns with many regulated brokers who have moved away from offering trading bonuses due to regulatory constraints.
While the lack of promotions might seem like a drawback, it can also be seen as a positive. It allows traders to focus on the platform's core offerings and trading conditions without the distraction of temporary incentives.
Maunto Customer Support
Maunto broker provides customer support through multiple channels:
- Live Chat: Available on the website
- Email: support@maunto.com
- Phone: +44 203 150 2 347
Support hours are Monday to Friday, 12:00 to 21:00 GMT. Maunto's support structure aims to provide comprehensive assistance to traders. However, the limited hours of operation might be inconvenient for some, especially those trading outside of standard European business hours.
Maunto Broker Restricted Countries
Due to its regulatory status, Maunto broker doesn’t provide services to traders residing in the countries listed below:
- Japan
- USA
- Finland
- Portugal
- Spain
- Sweden
- North Korea
- Iran
Potential clients must confirm if Maunto’s services are legally accessible in their region. Each trader is responsible for ensuring they comply with local regulations.
Maunto User Reviews and Trust Scores
As a relatively new broker, Maunto has mixed reviews on the Trustpilot website:
- Total number of reviews: 178
- Score: 3.3
- Percentage of 5-star reviews: 44%
Traders must remember that these are the current scores and reviews of Maunto broker and can change in the future.
Maunto Broker Educational Resources
Maunto places a strong emphasis on trader education and Forex educational resources:
- Advanced lessons on trading strategies and technical analysis
- Interactive videos and eBooks
- Regular market insights
- Trading tips and tricks
This comprehensive educational offering is a significant strength, especially for new traders looking to build their knowledge and skills.
Maunto Comparison Table
The table below compares Maunto's features with popular Forex brokers:
Parameter | Maunto Broker | |||
Regulation | MISA | None | FSA, CySEC, ASIC | Cent, Zero, Pro, Premium |
Minimum Spread | From 0.9 Pips | 0.1 Pips | From 0.0 pips | 0.0 Pips |
Commission | $0 | None | Average $1.5 | From Zero |
Minimum Deposit | $250 | $10 | $200 | From $0 |
Maximum Leverage | 1:400 | 1:3000 | 1:500 | 1:2000 |
Trading Platforms | Mobile Application, WebTrader | MT4, MT5 | Metatrader 4, Metatrader 5, cTrader, IC Markets Mobile | MT4, MT5, Mobile App |
Account Types | Classic, Silver, Gold, Platinum, VIP | Standard, Premium, VIP, CIP | Standard, Raw Spread, Islamic | Cent, Zero, Pro, Premium |
Islamic Account | No | Yes | Yes | Yes |
Number of Tradable Assets | 160+ | 50+ | 2,100+ | 1,000+ |
| Trade Execution | Market | Market, Instant | Market | Market, Buy Stop, Stop Loss, Limit, Take Profit |
TF Expert Suggestion
With no inactivity fee, spreads from 0.9 pips, and $0 trading commissions, Maunto aims to attract Forex traders to its WebTrader and Maunto Trading app.
Even so, a low Trustpilot rating of 3.3, high minimum deposit ($250), and high withdrawal processing times (up to 10 days) are important facts traders need to consider when weighing the advantages and disadvantages of this broker.