Company Information

Get to know Monthly NG

Monthly Tech Limited, operating as Monthly, is a financial technology company dedicated to making US dollar-denominated investments accessible to residents of Nigeria. The company's mission is to help Nigerians protect their savings from currency devaluation and build long-term wealth by providing a simple and secure platform to invest in fractional shares of US stocks, Exchange Traded Funds (ETFs), and Real Estate Investment Trusts (REITs). Monthly itself is a technology provider; brokerage services for its platform are provided by DriveWealth, LLC, a registered US broker-dealer.

Industry

Technology Software Trading PlatformPRIMARY
Financial Other Service

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Monthly NG

Nigeria

Founded in

2022 (4 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Reviews

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

Security Information :

Company hasn't provided information.

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.