Score
Monaxa
Saint Vincent and the Grenadines|2-5 years| Benchmark D|https://monaxa.com/
Website
Rating Index
Benchmark
Benchmark
D
Average transaction speed (ms)
MT4/5
Full License
Monaxa-Real 1
Benchmark
Speed：D
Slippage：B
Cost：A
Disconnected：A
Rollover：D
MT4/5 Identification
MT4/5 Identification
Full License
United KingdomContact
Licenses
Licensed Institution：Monaxa Ltd
License No.：GB23201577
Single Core
1G
40G
1M*ADSL
- The Mauritius FSC regulation with license number: GB23201577 is an offshore regulation. Please be aware of the risk!
Basic Information
Saint Vincent and the Grenadines
2-5 years Regulated in Mauritius Retail Forex License MT4 Full License MT5 Full License cTrader Global Business Medium potential risk Offshore RegulatedAccount Information
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Benchmark
WikiFX Data provideWebsite
monaxa.com
Server Location
United States
Website Domain Name
monaxa.com
Server IP
104.21.70.11
Company Summary
Note: Monaxa's official website - https://monaxa.com/ is currently inaccessible normally.
| Monaxa Review Summary | |
| Founded | 2013 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | FSC (offshore) |
| Market Instruments | Forex, commodities, indices, cryptocurrencies and shares |
| Demo Account | / |
| Leverage | Up to 1:4000 |
| Spread | From 1.8 pips (Standard account) |
| Trading Platform | MT4, cTrader, cTrader Copy |
| Min Deposit | $15 |
| Copy Trading | ✅ |
| Customer Support | Live chat: weekdays, from 10 AM to 12 AM GMT+8 |
| Email: support@monaxa.com (within 48 hours) | |
Monaxa was registered in 2013 in Saint Vincent and the Grenadines. On its platform, customers can trade forex, commodities, indices, cryptocurrencies, and shares. It provides various types of accounts, with a minimum deposit of $15 and a maximum leverage of 1:4000. Besides, it offers bonuses and copy trading services. However, it should be noted that this company is offshore regulated, which means potential risks may exist.
Pros and Cons
| Pros | Cons |
| Long operation time | Inaccessible website |
| Diverse tradable assets | Offshore regulation risks |
| Various account choices | Limited payment methods |
| Commission-free accounts offered | |
| MT4 supported | |
| Copy trading services | |
| Low minimum deposit | |
| Live chat support |
Is Monaxa Legit?
Monaxa is offshore regulated by The Financial Services Commission (FSC) in Mauritius.
| Regulated Authority | Current Status | Regulated Country | License Type | License No. |
| The Financial Services Commission (FSC) | Offshore Regulated | Mauritius | Retail Forex License | GB23201577 |
What Can I Trade on Monaxa?
Monaxa provides a number of products, including forex, commodities, indices, cryptocurrencies, and shares.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Cryptocurrencies | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type/Leverage/Fees
Monaxa offers 4 types of accounts, including Standard, Pro, Zero (ECN), and Cent.
| Account Type | Currencies | Min Deposit | Max Leverage | Spread | Commission |
| Standard | USD, EUR, GBP | $15 | 1:4000 | From 1.8 pips | ❌ |
| Pro | $50 | 1:4000 | From 0.9 pips | ❌ | |
| Zero (ECN) | $200 | 1:500 | From 0 pips | $6 | |
| Cent | USC (cent currency) | $15 | 1:1000 | From 1.8 pips | ❌ |
Trading Platform
Monaxa uses MT4 and cTrader as its trading platforms. Besides, cTrader Copy provides copy trading services.
| Trading Platform | Supported | Available Devices | Suitable for |
| cTrader | ✔ | PC, web, mobile | Experienced traders |
| cTrader Copy | ✔ | Web, mobile | Beginners |
| MT4 | ✔ | PC, web, mobile | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
| Payment Option | Min Deposit/Withdrawal | Deposit Fee | Withdrawal Fee | Deposit Time | Withdrawal Time |
| Local bank transfers | 100 USD/EUR/GBP | / | / | / | / |
| Bank wire transfers | / | / | / | / | |
| Cryptocurrencies | Covered | Not covered | At least 15 minutes | Up to 24 working hours |
Keywords
- 2-5 years
- Regulated in Mauritius
- Retail Forex License
- MT4 Full License
- MT5 Full License
- cTrader
- Global Business
- Medium potential risk
- Offshore Regulated
Review 11
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Review 11
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FX2248113605
Malaysia
Suddenly said i break their Rules that im multiple log in with same vps and directly deducted all my credit around 22k USD!!!! i ask for live chat service to asist me and they ask me via email to contact them but everytime i contact them they doesnt wan to answer my email and directly deducted all my credit. since i start trade from so many month.BTW i have too much transaction tht i been trade in this broker so i just roughly took some photo.
Exposure
2024-04-19
FX3149209943
Malaysia
22/3/2024- Deposit $5500 to Monaxa01/04/2024- $15150.04 was removed from MT4 without any notice.02/04/2024- Received a call from broker Business Development Manager. Claim that I won too much.
Exposure
2024-04-11
Zeeshan5435
Pakistan
Hi All Traders Avoid This borker Please! Monaxa broker has done SCAM with me and my friends also ,,,,, He close my account Mt4 103379 , my fund about 682 USD in the account but they close and disable mt4 also ,,, , I always referred to couple of friends and family members,This broker is a biggest scam in market,,,,,, but they SCAM 682USD , this amount is big amount for me return my amount and close my account
Exposure
2023-09-20
Ahmad5242
Pakistan
Hi Avoid All Traders: This Monaxa brooker is a biggest scam in market,,, Monaxa broker has done SCAM with me and my friends also ,,,,, He close my account Mt4 107048 , my fund about 590USD in the account but they close and disable mt4 also ,,, , I always referred to couple of friends and family members,,,, but they SCAM 107048 USD , this amount is big amount for me,,return my amount and close my account
Exposure
2023-09-20
FX2414998452
Pakistan
BIGGEST SCAM BROkER MONAXA BROKER SCAM FUND Hi Avoid All Traders: This brooker is a biggest scam in market Hi All traders,,, Monaxa broker has done SCAM with me and my friends also ,,,,, He close my account Mt4 106743 , my fund about 1071 USD in the account but they close and disable mt4 also ,,, , I always referred to couple of friends and family members,,,, but they SCAM 1071USD , this amount is big amount for me,,return my amount and close my account
Exposure
2023-08-26
Cherrie
Malaysia
Monaxa has some solid leverage options, which is cool if you're into that kind of thing. And their customer service is really good, they're always there to help if you need it. Overall, Monaxa's got some good things going on.
Neutral
2024-07-09
Alonso599
Ecuador
I am happy with this broker, I got a great broker with a lot of experience who helped me generate profits. With my verified account, the withdrawal was done in a matter of minutes. We work a lot with the raw material gold, in which they provided me with great analysis and risk management.
Positive
2024-06-28
Alonso599
Colombia
What I like is that withdrawals are very fast
Positive
2024-06-04
sam9939
India
I find it good broker in terms of Deposit and Withdrawal and user friendly interface.
Positive
2023-09-01
FX1483014107
New Zealand
I've been trading with Monaxa for a few months now, and I'm really happy with them. The trading instruments are off the chain, from forex to cryptos, they got it all. And let me tell you, their platform is smooth like butter! Opening an account was a breeze, and I love that flexible leverage. I can go big or go home! The best part? Instant deposits, no waiting around. Monaxa got my back when it comes to trading, and I'm lovin' it!
Positive
2023-07-18
Andyo
United States
Yo, I gotta give Monaxa some props! Their platform is pretty slick, man! Opening an account was a breeze, and they got all those tradin' instruments I'm into. Plus, the flexible leverage up to 1:4000 is dope! But, here's the bummer - their customer support ain't that great. It's like waitin' for a snail to finish a marathon. And they need to step up their game with trading signals, bro. Gotta keep my eyes peeled without 'em. Still, overall not bad, but they gotta work on the support side!
Positive
2023-07-18