Moneda Capital Review - Is it a scam?

By J Drew -
I've seen a company called Moneda Capital advertising heavily on Instagram and Facebook. I think it's likely to be quite confusing for anyone viewing the adverts as they're posted alongside established investment companies such as Investec and Interactive Investor. 


Moneda Capital Advert for Savings at 4.9% with Unknown Bank
Moneda Capital Advert for Savings at 4.9% with Unknown Bank

Some people say that any investment on social media is a scam but that's clearly not the case when Investec and ii are both advertising. However it's worth flagging up the risks to anyone who is considering entrusting their money to Moneda Capital.


Investec Advert for Savings at 4.84%
Investec Advert for Savings at 4.84%


I'm not sure what sort of organisation they are but their website seems to be hiding their company details so they aren't visible on their homepage. The legal requirement is to display the Company Info "prominently" so I don't think hiding this in their privacy policy follows the spirit of these rules even if it technically complies. 

There are 3 different companies with the name Moneda listed on Companies House ranging from being created in 2021 to 2024 and 2025. If it's Moneda Capital PLC that's advertising then their accounts state that they are a strategic real estate business. There is no mention of offering retail deposit products and they only started in business in 2021. They are not FCA regulated so any money paid is not covered by FSCS protection unless it is made directly to an FCA regulated company.

Again if it is Moneda Capital PLC their accounts are noted as having "material uncertainty" casting doubt on their ability to continue as a going concern. Not a great sign for a long term platform to hand money to.

The biggest red flag to me is that you can't see or apply for anything online unless you sign a disclaimer that you are a High Net Worth or Sophisticated investor. There is absolutely no reason why anyone applying for a FSCS savings account needs to do this and would suggest that the contact details will be used to persuade you to invest rather than using savings. The rates offered are not outrageously higher than the market leading ones but sufficient to raise concerns that these are not UK FSCS protected deposits. I find it hard to believe that a market leading savings proposition can be made with personal contact with every investor and no online application, the margins just don't make that a viable option in my view.
Moneda Capital Group - Declaration of High Net Worth
Moneda Capital Group - Declaration of High Net Worth

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