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According to DaveFinances, CNMV flags monex-markets.com as a clone of registered firm Monex Europe Markets

According to DaveFinances, citing a CNMV warning of 3 November 2026, monex-markets.com is an unauthorised clone with no relationship to registered firm Monex Europe Markets. No losses are reported.

First reported
Reports
1

Source: davefinances.com · published

Illustration: Investing and crypto scams

What happened

According to DaveFinances, citing a warning by Spain's securities regulator, the CNMV (Comisión Nacional del Mercado de Valores), the CNMV on 3 November 2026 identified the website monex-markets.com, using the trading name MONEX MARKETS, as an unauthorised clone. DaveFinances reported it in a roundup of the same day that also covered a separate CNMV warning about websites resembling VT Markets.

How the scam works

As described by DaveFinances, the CNMV states that the operation has no relationship with Monex Europe Markets, S.V., S.A.U., a legitimate investment firm operating in Spain and registered with the CNMV under number 321. It says the website is not authorised to provide regulated investment services in Spain, including foreign-exchange transactions, and cannot provide crypto-asset services that need authorisation under the European Union's Markets in Crypto-Assets Regulation (MiCA). DaveFinances notes that the warning does not name the people behind the site, say how long it has operated or show that any investors sent money to it.

A clone of a registered firm helps a site to look legitimate. A real registration number or company name belongs to the registered business, not to every website using a similar name. DaveFinances adds that the CNMV warned in May 2026 about a different site, monexmarket.cc, using the same MONEX MARKETS trading name, and that no connection between that site and monex-markets.com has been established. The reporter notes that the CNMV has not said the two sites belong to the same network, and that the published notices contain no shared ownership, technical or payment details.

The DaveFinances report also says there is nothing in the notices about customer complaints or losses. The safe check is to match the precise website and the legal entity against the CNMV's official registers and not to rely on any registration details shown on the site itself.

Source

DaveFinances (Johan Shamshad), “CNMV flags Monex clone and four VT-like websites”, 3 November 2026, citing a CNMV warning of the same date. Not independently verified by scammers.com.

Red flags

  • A website, monex-markets.com, that the CNMV is reported to call an unauthorised clone.
  • A trading name that copies the registered Spanish firm Monex Europe Markets.
  • A site that offers foreign-exchange or crypto-asset services without authorisation in Spain.
  • The earlier CNMV warning about monexmarket.cc, which uses the same trading name.
  • A real registration number quoted on a site that belongs to a different business.

If you were targeted

  1. 1Do not deposit money with monex-markets.com or share ID documents with it.
  2. 2Check the exact website and legal entity on the CNMV's register of authorised firms.
  3. 3Contact the genuine Monex Europe Markets only through details you find yourself.
  4. 4Treat firms offering forex or crypto services without CNMV authorisation as unauthorised.
  5. 5If you have paid, contact your bank and report it to the CNMV or the police.
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