Monaxa Review: Regulation, Fees and Accounts
Monaxa
Vincent and the Grenadines
Your money is at risk
Monaxa overview: what kind of broker is it?
Monaxa is a CFDs forex and CFD broker based in Vincent and the Grenadines, founded in 2022. Regulation: Company Number 26883 BC 2022.
Traders get cTrader and cTrader Copy, spreads from 0.0 Pips, leverage up to 1:500* and a $100 minimum deposit. New clients can also check the current $50 No Deposit Registration Bonus.
Tradable markets include Forex, Commodities, Indices, Equities, Energies, Cryptocurrency, Crypto Trade.
Monaxa broker specifications
Company and regulation
| Broker | Monaxa |
|---|---|
| Regulated by | Company Number 26883 BC 2022. |
| Type of broker | CFDs |
| Country | Vincent and the Grenadines |
| Foundation year | 2022 |
| Website | Visit Monaxa website |
| Website languages | English, Indonesian, Malay, Thai |
Trading conditions
| Minimum deposit | $100 |
|---|---|
| Maximum leverage | 1:500* |
| Minimum spreads | 0.0 Pips |
| Base currencies | USD, GBP, EUR, AUD, ZAR |
| Tradable instruments | Forex, Commodities, Indices, Equities, Energies, Cryptocurrency, Crypto Trade |
| Hedging / scalping | Allowed |
| News trading | Allowed |
| Web trading | Yes |
| Mobile trading | Yes |
Bonus and promotions
| Current promotion | $50 No Deposit Registration Bonus |
|---|---|
| Welcome bonus | $50 No Deposit Registration Bonus |
| Standard no deposit bonus | $50 No Deposit Registration Bonus |
Contact details
| Telephone | Not available |
|---|---|
| Email / Skype | support@monaxa.com |
| Fax | Not available |
| Head office | First Floor, First St. Vincent Bank , Ltd Building James Street, Kingstown, St. Vincent and the Grenadines |
| Contact form | Contact Monaxa |
Monaxa pros and cons
Pros
- Regulated: Company Number 26883 BC 2022.
- $50 No Deposit Registration Bonus
- Low $100 minimum deposit
- Spreads from 0.0 Pips, CFDs execution
- cTrader and cTrader Copy
- Islamic, mini, VIP and managed accounts
- 3 deposit and withdrawal methods
Cons
- Bonus comes with trading-volume rules
Monaxa account types
Monaxa offers several account options so beginners and experienced traders can both find a fit. Live accounts start from a $100 deposit.
| Free demo account | Yes – practise with virtual money |
|---|---|
| Mini account | Yes – smaller trade sizes for beginners |
| VIP account | Yes – for high-volume traders |
| Islamic (swap-free) | Yes – no overnight swap charges |
| Swap-free account | Yes |
| Managed account | Yes |
| Segregated client funds | Yes |
A trading platform intuitive enough for beginners.
Designed for high speed of execution.
Designed for advanced order protection.
Designed for better charting and elegant usability.
20+ charting tools and timeframes
6 zoom levels offering market depth
50 indicators
Detachable charts for multiple screens
Fast order execution
Monaxa trading platforms
Monaxa offers cTrader and cTrader Copy. Web trading and mobile trading are both available.
Trading Foreign Exchange (Forex) and Contracts for Difference (CFD) carries a high level of risk and may not be suitable for all investors. Before deciding to trade CFDs you should carefully consider your investment objectives, level of experience and risk appetite as any information provided on this website is general advice only. The possibility exists that you could sustain a loss of some or all your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading FX and CFDs on margin. Please read the Full Risk Disclosure Statement and Terms of Business.
Monaxa Ltd is incorporated under the Business Companies (Amendment and Consolidation) Act, Chapter 149 of the Revised Laws of Saint Vincent and the Grenadines, 2009, with the following registrations: Company Number 26883 BC 2022.
Monaxa (SVG) Limited is committed to providing the highest level of service to its customers. In some instances, and due to regulatory or legal requirements, Monaxa is unable to provide services or accept customers from certain countries. Customers should familiarize themselves with the FX and CFD rules applicable in their country before deciding to use Monaxa services.
Monaxa deposit and withdrawal methods
The same methods work for both funding and withdrawals, which makes cash-outs simpler because you can usually withdraw the way you deposited.
Banks and cards
Crypto
Is Monaxa safe and legit?
Monaxa is a regulated broker. Company Number 26883 BC 2022. The broker says client money is kept in segregated accounts, separate from company funds.
Always check the licence number on the regulator's own website. Offshore regulators do not offer the investor compensation schemes or leverage caps of top-tier regulators such as the FCA or CySEC, which is why leverage here can reach 1:500*.
Our verdict on safety
Monaxa suits traders who understand the risks of leveraged CFD trading. Start small, test a withdrawal early and use sensible leverage.
Risk warning: CFDs are complex instruments and carry a high risk of losing money quickly because of leverage. Only trade if you understand how CFDs work and can afford to lose your money.
Full Monaxa review
Investor
Discover new trading strategies and copy successful traders
Equity to equity model advantages
Separate copying accounts
No charge on commissions
Strategy Provider
Let investors copy your trading strategies for a fee
Flexible fee structures
Promotional tools to grow your following
No charge on commissions
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