| Asset Class | Standard | Pro | Cent | ECN |
|---|---|---|---|---|
| FX | $7.80/Lot | $3.90/Lot | $5.20/Lot | - |
| Metals | $11.05/Lot | $5.525/Lot | $7.80 | - |
| Energies | $1.95/Lot | $0.975/Lot | - | - |
| Indices | Up to $6.50/Lot | Up to $6.50/Lot | - | - |
| Stocks | $1.95/Lot | $1.95/Lot | $1.95/Lot | - |
| Cryptos | Up to $7.80/Lot | Up to $7.80/Lot | Up to $7.80/Lot | - |
The Monaxa Group is comprised of several entities which operate under the brand name, Monaxa.
Monaxa Ltd [A000001175] is registered in Anguilla, British West Indies, with a registered address at No. 9 Cassius Webster Building, Grace Complex, PO Box 1330, The Valley, AI-2640, Anguilla.
Monaxa Ltd [GBC195868] is registered and regulated by the Financial Services Commission (FSC) of the Republic of Mauritius with an Investment Dealer License, bearing license number GB23201577, with a registered address at Ground Floor, Silver Bank Tower, 18 Bank Street, Cybercity, Ebene, 72201, Mauritius.
Monaxa 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, including and not limited to Iran, Russia, Myanmar and North Korea. Customers should familiarize themselves with the FX and CFD rules applicable in their country before deciding to use Monaxa services.
PAID4X pays cashback for every new account opened with Monaxa via the registration links on paid4x.com, on all included instruments (as per the cashback table above).
Monaxa allows multiple trading styles & techniques, including, scalping, hedging & EA, without restrictions.
However, as with all brokers, Monaxa reserves the right to withhold cashback payments for clients engaging in abusive or fraudulent behavior, but this is a very rare occurrence.
Such (& other decisions) are taken to protect the integrity of the market, comply with regulations, and ensure a fair and secure trading environment for all clients. The specific violations which can lead to the withholding of cashback, or other procedures (including closing of the account), are usually detailed in the broker's terms of service.
| Broker Name | Monaxa Ltd |
| Broker type | NDD |
| Year Established | 2022 |
| HQ Address | Ground Floor, Silver Bank Tower, 18 Bank Street, Cybercity, Ebene, 72201, Mauritius |
| International offices | South Africa, Mauritius |
| License/Regulation | FSC - Mauritius |
| IB Transfer | Allowed |
| Sub Accounts | ? |
| Demo Period | 45 Days |
| Platforms | MT4, MT5 |
| Minimum Trading Volume | 0.01 Lot |
| Maximum Trading Volume | 100 Lots |
| Hedging Accounts | - |
| Netting Accounts | - |
| Scalping | Allowed |
| Hedging of Trades | Allowed |
| EA | Allowed |
| Trailing Stop | Available |
| Negative Balance Protection | Yes |
| Copy Trading | Available |
| Swap-Free Accounts | Available |
| MAM/PAMM | Available |
| Additional Features | Prop Trading https://monaxa.com/prop-trading/
|
| Payment Methods | Crypto |
| Account Currency | 2022 |
| Minimum Deposit | 20 |
| Minimum Withdrawal | - |
| Segregated Accounts | Yes |
| Bonus | Available |
| Lowest Leverage | 1:1 |
| Highest Leverage | 1:2000 |
| Margin Call Level | 50% |
| Stop Out Level | 20% |
| Asset Class | Cost | Standard | Pro | Cent | ECN |
|---|---|---|---|---|---|
| FX | Spread | ? | ? | ? | - |
| Commission | ? | ? | ? | - | |
| Metals | Spread | ? | ? | ? | - |
| Commission | ? | ? | ? | - | |
| Energies | Spread | ? | ? | ? | - |
| Commission | ? | ? | ? | - | |
| Indices | Spread | ? | ? | ? | - |
| Commission | ? | ? | ? | - | |
| Stocks | Spread | ? | ? | ? | - |
| Commission | ? | ? | ? | - | |
| Cryptos | Spread | ? | ? | ? | - |
| Commission | ? | ? | ? | - |
| Channels | |
| Hours | 24/7 |
| Languages | English, Arabic, French, Porugese , Japanese, Thai, Malaysian, Chinese, Urdu, Vietnamese and More |
| Support Links |
In general, trading any financial asset involves risk of loss. For leveraged products, the use of leverage inherently elevates the investment's risk profile, which may cause a loss of a large part of, all of, or even more than your invested capital. A trader who does not possess a full understanding of the nature of leverage, margin trading & CFDs may be unsuited to trade leveraged products.
You are required to familiarize yourself with all the necessary information related to trading such financial products, and to assess, on your own, whether or not you have the required knowledge & skills, before you open a trading account.