Score
Monyxa
Saint Vincent and the Grenadines|2-5 years| https://monyxa.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
+44 808 296 8302
Other ways of contact
Broker Information
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Monyxa Ltd
Monyxa
Saint Vincent and the Grenadines
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:1000 |
| Minimum Deposit | $50,000.00 |
| Minimum Spread | from 0 pips |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $10,000.00 |
| Minimum Spread | from 0.8 pips |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $2,500.00 |
| Minimum Spread | from 1.2 pips |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:400 |
| Minimum Deposit | $250.00 |
| Minimum Spread | from 2 pips |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
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- Underlying Risk
Capital
$(USD)
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Monyxa · Company Summary
General Information
Monyxa is an offshore forex broker offering a series of trading assets, such as forex, stocks, cryptos, and more. Monyxa is the trading name of Monyxa Ltd, and it is an offshore broker registered in Saint Vincent and the Grenadines.
Regulatory Details
The regulatory status of Monyxa on the WikiFX website is displayed as “No License”, as it has been verified that this broker is not subject to any valid regulation. Besides, it got a low score of 1.62/10 on WikiFX based on Regulatory Index, Business Index, Risk Management Index, Business Index, and License Index. Please be aware of the risk.
Market Instruments
When it comes to trading instruments, different classes of assets can be traded through this brokerage platform, such as FX Majors, FX Cross, FX Minors, Spot Metals, CFDs, Spot Indices, and Shares.
Account Types
Monyxa offers four tiered trading accounts for both retail and professional traders, including Basic, Premium, Executive and Ultimate. To open a Basic account, you need to fund at least $250, which sounds acceptable. While another three accounts require much higher initial deposits from $2,500, $10,000, and $50,000, respectively.
Various amount of bonuses is offered along with these four accounts, with the Basic account up to 20%, the Premium up to 30%, the Executive up to 50%, and the Ultimate up to 100%.
Furthermore, Islamic Swap-free accounts are applicable for all the above tiers.
Leverage
Trading leverage differs depending on different trading accounts, ranging from 1:200 to 1:500, which is quite generous. High leverage typically is preferred by professional traders and scalpers, as it presents more trading flexibility. While for inexperienced traders, it is important for them to choose the proper amount that they feel most at ease, as leverage can amplify gains as well as losses.
Spreads & Commissions
Spreads are determined by trading accounts. More account balance you have, the more competitive spreads you can enjoy. The first three accounts, Basic, Premium, and Executive offers spread from 1.5 pips, 1.0 pip, and 0.5 pips, respectively, with no commission charged. While the Ultimate account, it offers competitive spreads, as low as 0.0 pips, accompanied by a certain commission.
Trading Platform
Monyxa offers its clients access to the leading MT5 Trading platform, as well as a WebTrader.
Deposit & Withdrawal
The minimum deposit is $250, and traders can make a deposit and withdrawal through Credit Card, E-wallets. Withdrawal requests take up to 8 business days to process. The time taken to receive your payment may vary depending on payment processors.
Monyxa VISA Card
Monyxa issued a virtual Monyxa VISA Card, and it says clients can pay with this card in over 42 million retailers, spending up to €10，000 per month. This Monyxa VISA Card is free, with delivery starting at €14.99. Below is the tiered plan for this card.
Customer Support
Monyxa only can be contacted by telephone: +1(888)344-0351.
Or you can also follow this broker on some popular social media platforms, including Facebook, Twitter, Instagram, and Youtube.
Company Address: Suite 305, Griffith Corporate Center, Beachmont, Kingstown, St. Vincent & Grenadines
Risk Warning
Online trading in leveraged Forex and CFD instruments contains a high level of risk and may not be suitable for all investors.
Please note that the information contained in this article is for general information purposes only.
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