IUX
Exness
Vantage
XM
ICMarkets
LiteFinance
Moneta
Tickmill
South Africa (9)
India (9)
Bangladesh (12)
Germany (9)
Thailand (10)
Philippines (9)
Nigeria (10)
Vietnam (10)
Malaysia (9)
Maono Global Markets is a South Africa–based broker. It was established in 2022 to give Forex and CFD trading via the MetaTrader 5 (MT5) platform. It offers traders up to 1:500 leverage.
Sounds tempting enough to invest, right? But don’t!
Maono Global Market has no valid forex trading license. It is also listed as a scam broker by fast bull in dec 2, 2025.
A search of the FSCA public register does not show any listing for Maono Global Markets (Pty) Ltd. While Sithundhi Group (Pty) Ltd does appear as a licensed Financial Services Provider (FSP), the register does not list any authorised representatives linked to this firm.
This means there is no clear proof that Maono Global Markets is officially permitted to operate under its license.
Other than hand, there are many reports of forcing people to deposit when traders want to withdraw money. That’s why a 1.37 score makes sense on the wikifx. So, if you want to trade, then avoid this broker.
| Disclaimer: Due to serious concerns about regulation, transparency, and numerous negative user reports, traders are strongly advised to avoid Maono Global Markets and to exercise extreme caution before investing with this broker. |
| Accounts | Currencies | Min. Deposit | Leverage | Starting Spreads | Demo Account | Rollover Free | Commission | Max. Lot Size | Min. Lot Size |
|---|---|---|---|---|---|---|---|---|---|
| Standard Account | Forex, Shares, Indices | $ | 1:500 | 1.0 pips | Yes | No | Not specified | Not specified | 0.01 lots |
| 125% Bonus Account | Forex, Shares, Indices | $ | 1:500 | 1.0 pips | Yes | No | Not specified | Not specified | 0.01 lots |
| 100% Bonus Account | Forex, Shares, Indices | $ | 1:500 | 1.0 pips | Yes | No | Not specified | Not specified | 0.01 lots |
| Micro Account | Forex, Shares, Indices | $ | Not specified | Not specified | Yes | No | Not specified | Not specified | 0.01 lots |
| Broker Type | Minimum Deposit | Forex Majors Spread | Maximum Leverage | Min. Trade Size | Scalping | Hedging | Free Demo | USA Traders |
|---|---|---|---|---|---|---|---|---|
| Online Broker | Not specified | 1.0 pips | 1:500 | 0.01 lots | Yes | Yes | Yes | No |
Maono Global Markets offers 5 types of accounts, such:
Maono has only 1 platform: MT5. They tend to give every facility under one roof. So, they designed the platforms like that-
Maono Global Markets lets you trade using the MetaTrader 5 (MT5) platform, which is a favorite among forex and CFD traders for good reason. It’s fast, reliable, and packed with advanced charting tools, multiple order types, and support for automated trading.
You can use it on desktop, web, or mobile, so you can check the markets or manage your trades wherever you are.
In my experience exploring MT5 on this broker, the platform works exactly like standard MT5.
I really liked the customizable charts and dozens of built-in indicators, which make analysing the markets easier. Plus, if you’re into automation, MT5 supports Expert Advisors (EAs), letting you run trading bots without any hassle.
Another handy feature is the depth-of-market view, which shows bid/ask levels from multiple liquidity providers. It also provides a clearer picture when placing orders. The platform also includes an economic calendar and strategy tester, useful for testing ideas before risking real money.
Maono Global Markets promotes its trading conditions as “competitive,” but there is no clear info about it.
For example, spreads are not specifically disclosed, so you can’t tell whether they start from 0.1 pips or as high as 2.0 pips. Commissions are equally unclear, leaving traders unsure if they’re charged per lot or if costs are simply built into the spreads.
The broker offers leverage of up to 1:500, which is extremely high and carries significant risk, especially for inexperienced traders. The minimum deposit isn’t clearly stated either, unlike most reputable brokers that usually require between $100 and $500.
On top of that, deposit and withdrawal fees aren’t transparently disclosed, and there are multiple reports of withdrawal issues or disappearing balances.
Even the deposit bonuses, advertised at 100%–125%, come with very restrictive conditions. It often requires traders to reach large trading volumes before they can withdraw any funds.
Even though it is flagged as a scam broker, Maono Global Markets still focuses on the core pillars of the trading experience.
A 1:500 ceiling is among the higher leverage ratios available in the retail market. For experienced traders who understand the amplification effect on both gains and losses, this provides significant capital efficiency. New traders should approach 1:500 with caution. It is small adverse moves can rapidly erode a trading balance.
The broker has built its payment options around South African traders. Ozow is a South African instant EFT solution, and Paystack is a widely used African payment gateway. This makes depositing and withdrawing more practical for traders in the region who may not want to rely on international wire transfers or card payments that attract foreign transaction fees.
Because the platform supports EAs and MQL5 scripting, traders can automate their strategies, backtest against historical data, and deploy bots without needing a third-party bridge or subscription service. This is a genuine feature advantage over brokers that offer proprietary platforms.
MGM grew out of Maono Forex Trading Institute. That background means the broker, at least in its stated mission, is aware of trader education. Whether this translates into structured learning materials on the platform is something traders would need to verify through the client portal.
One of the biggest concerns with Maono Global Markets is its regulatory status, or rather, the lack of clear regulation. The broker claims that Maono Global Markets (Pty) Ltd is an authorised representative of Sithundhi Group (Pty) Ltd.
This is supposedly licensed by South Africa’s Financial Sector Conduct Authority (FSCA) under license number FSP 52030.
However, a check of the FSCA public register raises serious red flags.
Maono Global Markets (Pty) Ltd does not appear anywhere on the register, while Sithundhi Group (Pty) Ltd is listed as a licensed FSP. But the register does not show any authorised representatives associated with it.
This means there is no verifiable proof that Maono Global Markets is legally allowed to operate under the FSCA license.
In short, Maono Global Markets is unregulated.
It means traders have no official protection in the event of disputes or account issues. Without oversight from a trusted financial authority. There is no guarantee that funds are handled safely.
| Supported Languages | English |
| Customer Service By | Live Chat, Email Support, Phone Support |
| Service Hours | 24/5 |
| Email Response | [email protected] |
| One Click Trading | Yes |
| Stop Order | Yes |
| Limit Order | Yes |
| Trade off Charts | Yes |
| Market Order | Yes |
| 24hr Trading | No |
| Email Alerts | Yes |
| Trailing Stop Order | Yes |
| Charting Package | Yes |
| Mobile Alerts | Yes |
| OCO Orders | Yes |
| Streaming News Feed | Yes |
When it comes to deposits, Maono Global Markets claims to accept bank transfers, credit/debit cards, and some local payment options.
However, the minimum deposit isn’t clearly stated, which is a big transparency issue. The broker also advertises 100%–125% deposit bonuses. But these usually come with strict conditions, often requiring traders to reach extremely high trading volumes before being allowed to withdraw any funds.
Withdrawals are where things get more concerning.
The broker does not publish a clear withdrawal policy, and there are multiple reports from traders of serious issues, including:
No information on withdrawal fees, whereas legitimate brokers usually list either free or small fixed charges.
Risks to Be Aware Of:
|
This is one of the clearest signs that Maono Global Markets should be handled carefully or avoided entirely.
I spent some time exploring Maono Global Markets, and honestly, my experience was a mix of convenience and concern.
On the bright side, the MetaTrader 5 (MT5) platform works exactly as you’d expect. Charts load fast, the tools for analysis are solid, and placing orders felt smooth. If we’re just talking about the platform itself, it feels professional and easy enough to navigate.
But here’s where things got worrying.
The regulation situation is confusing and honestly sketchy. The broker claims FSCA affiliation. But a check shows no proof that it’s actually licensed. That immediately made me feel uneasy because without proper oversight, there’s no real protection for my money.
Deposits were okay, I didn’t have issues putting money in, but withdrawals? That’s another story.
There are plenty of reports online about blocked withdrawals, disappearing accounts, and login problems, and that made me think twice about moving any significant funds.
Even their bonuses, which at first look tempting, come with such strict conditions that using them safely feels nearly impossible.
After spending time exploring Maono Global Markets, my overall impression is clear: this broker is not a safe option for traders. While the MT5 platform itself is reliable and feature-rich, the positives end there.
The regulation claims are confusing and unverified, withdrawals are reportedly unreliable, and the bonus conditions are restrictive and risky
Our User Reviews Section is a great way to learn more about our brokers and services from people who have already used them. We encourage our customers to leave honest feedback about their experiences, so that you can make an informed decision about whether or not to purchase from us.
