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From my perspective as an independent forex trader, evaluating Monex Europe has required a particularly cautious approach due to its regulatory status and service offerings. One of the main potential advantages I have observed is Monex Europe’s breadth of institutional-level FX solutions and global payment services, supporting over 60 currencies and multiple wallet capabilities. Their proprietary Monex Pay platform and REST API can appeal to businesses or advanced users seeking customized or automated transaction solutions. This kind of technological infrastructure, if implemented reliably, is important for companies managing global payments at scale. However, when it comes to the safety and reliability of trading with Monex Europe, there are some glaring disadvantages I simply can’t ignore. Their payment license from the UK’s Financial Conduct Authority (FCA) was revoked, leaving them currently unregulated. For me, regulatory oversight is a non-negotiable baseline for trust—especially in forex where counterparty risk is real and can affect my capital. The lack of transparent information on fees adds to the sense of uncertainty. Additionally, there is no option to open a demo account, which prevents even experienced traders from testing the platform without real exposure. This, combined with feedback of negative client experiences and absence of a verified physical presence, creates further hesitation. In summary, while Monex Europe does offer sophisticated FX and payment products that may be relevant for corporate users, the regulatory risks and limited transparency make me extremely wary. I would not consider them a trustworthy choice for my trading or payment needs under these circumstances.