Munro Financial Planners Review – Is Munrofinancialplannersltd.com a Scam or a Good Broker?

Is Munro Financial Planners A Scam?

Munro Financial Planners has added a UK Company Number to their website along with an address in the UK. We found Munro Financial Planners Limited when we searched the Companies House Register for the number. This company, however, was founded in 2012. It is currently operating with an active proposal for strike-off. Their statements are also overdue. This means they will shut down soon.

If a broker wants to offer Forex and CFD services in the UK, then a registration is not enough. The FCA, the UK’s financial regulator, must also grant it a license. It is one of the strictest regulators, requiring that brokers maintain a capital of at least 730,000 GBP, provide a compensatory fund of up 85,000 GBP for each account, and limit the leverage to 1:30, as per ESMA.

We found the opposite when we searched for Munro Financial Planners in the FCA Register. The regulator warned about unlicensed entities. We can therefore safely say we don’t know who owns Munro Financial Planners Ltd and that your money isn’t secure.

Warnings From Financial Authorities

Munro Financial Planners and their domain munrofinancialplannersltd.com ended up on the FCA warnings list in April 2023. The regulatory statement indicates that this firm could be providing financial products or services without FCA approval.

You cannot rely on the government for assistance if you do business with this company. You can’t file a complaint to the Financial Ombudsman, or ask for reimbursement through the Financial Services Compensation Scheme.

Every day new scam brokers and trading bots appear on the web with only one goal – to steal your money. We have already exposed some of them, for example – Pay Back Ltd, TrendinGAP, Stockdexx.

Munro Financial Planners Trading Assets

Our broker also doesn’t understand how to sort trading assets.The website includes the following:

• Currencies: EUR/USD, GBP/HKD, USD/JPY;
• Commodities: gold, silver, natural gas;
• Stocks: Amazon, Tesla and Microsoft;
• CFDs.

CFDs are not an asset type, but rather a trading method for certain assets such as commodities or indices. We are therefore unsure of what CFDs may be. We cannot confirm this without access to the platform.

Munro Financial Planners Trading Accounts

Munro Financial Planners has a variety of account types, in case you ever need them.

• Beginner: 100 GBP;
• Silver: 5,000 GBP;
• Gold: 10 000 GBP;
• Platinum: 50,000+ GBP.

With each higher account, you get more daily signals, lower commissions and higher leverage. However, you will have to take the broker’s word for it, as we cannot confirm it.

Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.

What Should I Do If I Am scammed by Munro Financial Planners?

There is not much that you can do to stop these scams on your own. We encourage our readers to get in touch with our staff. The more evidence we have, the quicker we can try return your money.

Contact our team if you or someone you know is a victim. Online chat is the fastest way to get a response and receive a free consultation. Do not give up! The sooner we act, your chances of recovering your money are better!

Munro Financial Planners: Video

You can also write a comment under the video on our YouTube channel to tell other traders about your experience. But if you’ve already been a victim, contact us for a free consultation by filling out the form at the top of the page.
Below you will find a short video about Munro Financial Planners. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Munro Financial Planners!