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KadoCapital -Overview of Minimum Deposit, Spreads & Leverage

MONAXA Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-01-02 11:24

Abstract: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.

  Note: Monaxa's official website - https://monaxa.com/ is currently inaccessible normally.

Monaxa Review Summary
Founded2013
Registered Country/RegionSaint Vincent and the Grenadines
RegulationFSC (offshore)
Market InstrumentsForex, commodities, indices, cryptocurrencies and shares
Demo Account/
LeverageUp to 1:4000
SpreadFrom 1.8 pips (Standard account)
Trading PlatformMT4, cTrader, cTrader Copy
Min Deposit$15
Copy Trading✅
Customer SupportLive 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.

Monaxa's homepage

Pros and Cons

Pros Cons
Long operation timeInaccessible website
Diverse tradable assetsOffshore regulation risks
Various account choicesLimited 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 AuthorityCurrent StatusRegulated CountryLicense TypeLicense No.
The Financial Services Commission (FSC)Offshore RegulatedMauritiusRetail Forex LicenseGB23201577
Offshore regulated by FSC
Domain information

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❌
What Can I Trade on Monaxa?

Account Type/Leverage/Fees

  Monaxa offers 4 types of accounts, including Standard, Pro, Zero (ECN), and Cent.

Account TypeCurrenciesMin DepositMax LeverageSpreadCommission
StandardUSD, EUR, GBP$151:4000From 1.8 pips❌
Pro$501:4000From 0.9 pips❌
Zero (ECN)$2001:500From 0 pips$6
CentUSC (cent currency)$151:1000From 1.8 pips❌
Account comparison

Trading Platform

  Monaxa uses MT4 and cTrader as its trading platforms. Besides, cTrader Copy provides copy trading services.

Trading PlatformSupported Available Devices Suitable for
cTrader✔PC, web, mobileExperienced traders
cTrader Copy✔Web, mobileBeginners
MT4✔PC, web, mobileBeginners
MT5❌/Experienced traders
cTrader
cTrader Copy

MT4

Deposit and Withdrawal

Payment OptionMin Deposit/WithdrawalDeposit FeeWithdrawal FeeDeposit TimeWithdrawal Time
Local bank transfers100 USD/EUR/GBP////
Bank wire transfers////
CryptocurrenciesCoveredNot coveredAt least 15 minutesUp to 24 working hours
Deposit
Withdrawal

Related broker

No Regulation
MONAXA
Company name:Monaxa Group
Score
2.22
Website:https://monaxa.com/
2-5 years | Suspicious Regulatory License | MT4 Full License | MT5 Full License
Score
2.22

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