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MONAXA -

Score

2.23 /10
Danger

MONAXA

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

MT4 Full License

High potential risk

https://monaxa.com

Influence

B

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Comparison

Quantity 12

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.23

Risk Management Index0.00

Software Index9.50

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

CY CYSEC
2025-08-14
Warning regarding unregulated entities
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Broker Information

More

Company Name

Monaxa Group

Company Abbreviation

MONAXA

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Facebook

Instagram

YouTube

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 3
Previous Detection : 2026-01-02
  • This broker lacks valid forex regulation. Please be aware of the risk!
  • WikiFX has received a total of 7 user complaints against this broker, please be aware of the risks and do not be scammed!

WikiFX Survey

Danger

MONAXA

Australia

WikiFX Verification

Exposure

12 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

Deposit didnt come in

After 4 days waiting for my deposit to pop up but there is no coming. This broker completely ignored my ticket for days.

2025-07-07 07:59
Scam

monaxa is fraud brok

monaxa is fraud brokar mera withdrawal nahi diya isme maine deposit Kiya profit banaya lekin withdrawal nahi diya ye fraud brokar kripya isme deposit na kare aapka pesa fas jayega or withdrawal nahi dega withdrawal approve kar dega lekin aapke pas aayega nahi

2025-07-01 16:55
Resolved

MONAXA BROKER SCAM MARKET DEDUCTED MY FUND 800

Avoide this Monaxa Broker This broker has done SCAM with me and my friends also, He close my         account Mt4 107931 , my fund about 800 USD in the account but they close and disable mt4 also ,,, ,     I always referred to couple of friends and family members,,,, but they SCAM 800 USD , this amount is   big  amount for me, return my amount and close my account

2023-09-23 19:06
Resolved

A BIG SCAM BROKER

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.

2024-04-19 16:25
Scam

BiG SCAMMER...old client..only

BiG SCAMMER...old client..only got deposit ..deducted all my profit and for no reason accuse me for being abuse..dont trade with this broker

2025-06-16 09:27
Unable to Withdraw

Scam Monaxa.com

Monaxa is a fraudulent platform that deliberately offers bonuses to lure investors... No matter how you trade, they will deduct profits and prevent withdrawals. I traded for a week and tried to withdraw profits, but they demanded a video holding my ID. After submitting it, they wiped out all my account profits and only returned the principal. It's a blatant scam.

2025-08-19 06:33
Resolved

MONAXA BROKER BIGEST SCAM MARKET

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

2023-09-20 17:42
Resolved

SCAM FUND 800 MONAXA broker

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

2023-08-26 06:01
Others

Monaxa deduct my profit for no reason and left my capital

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.

2024-04-11 16:17
Severe Slippage

PO entry and instant entry

such a scam broker i ever try.this is first time i using this broker after claim 100% bonus..just happen today before nfp release. that shit broker take eary my po around 100pips plus from my existing po..after news i add instant entry 0.10lot x 2layer and instant float 170usd/each after entry…what the shit broker manipulate price at this moment..never happen at another broker before

2025-09-05 21:53
Resolved

DEDUCTED MY FUND 590

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

2023-09-20 17:28
Scam

BROKER NOT REGULATED

⚠️ Scam Alert – Stay Away from This Shady Broker! This so-called forex broker is nothing but a bunch of lying thieves. At first, they act all professional to make you deposit, but once you try to withdraw your own money, they start giving endless bullshit excuses. Days turn into weeks, and then they either block your account or completely ignore your requests. They are not a broker – they are pure scammers who steal people’s hard-earned money. Fucking crooks hiding behind a fake company name. No matter how much you beg or chase, they will never give you your money back. Do yourself a favor – don’t even think of opening an account here. Every dollar you deposit is as good as gone. These bastards are parasites feeding off innocent traders. Spread the word and save others from getting ripped off.

2025-09-12 21:29
    MONAXA · Company summary

    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

    News

    ExposureMONAXA Exposed: Why Highly Profitable Traders Are Losing Everything to the 'Abuse' Clause

    WikiFX has detected a disturbing pattern of profit confiscation involving the broker MONAXA, particularly affecting traders in Malaysia and Vietnam. While the broker promotes "instant entries" and digital ease, our investigation reveals a high-risk environment where significant profits are systematically deducted under vague clauses, and regulatory bodies act as mere spectators to an offshore vacuum.

    WikiFX
    2025-12-16 16:00
    MONAXA Exposed: Why Highly Profitable Traders Are Losing Everything to the 'Abuse' Clause

    ExposureMonaxa Exposed: How Traders Lost Thousands and You Could Be Next!

    Monaxa advertises itself as a global broker with advanced platforms and high leverage. Yet regulators have issued warnings, WikiFX found no real office in Australia, and traders report missing funds and blocked withdrawals. Is Monaxa a safe choice or a costly mistake?

    WikiFX
    2025-09-09 16:40
    Monaxa Exposed: How Traders Lost Thousands and You Could Be Next!

    ExposureCySEC Warns Investors Against 11 Unauthorized Firms

    Cyprus Securities and Exchange Commission (CySEC) has issued a warning to investors about 11 unauthorized firms operating without proper regulation. Below is a list of unauthorized firms that investors should avoid.

    WikiFX
    2025-02-05 12:14
    CySEC Warns Investors Against 11 Unauthorized Firms

    ExposureAlert Pakitan Traders: Successive Complaints Raise Concerns About Monaxa Broker

    Alert for Pakistani traders: Concerns rise over Monaxa Broker. Traders report issues. Stay cautious with your investments.

    WikiFX
    2023-09-22 14:07
    Alert Pakitan Traders: Successive Complaints Raise Concerns About Monaxa Broker
    About More

    User Reviews

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    User comment

    36

    Comments

    Write a review

    عبد الله حرابي صالح
    more than one year
    "يعدّ Monaxa من الوسطاء الجدد نسبيًا في سوق التداول، ويقدّم مجموعة من الأدوات والحسابات المناسبة لمختلف المتداولين. المنصّة توفر خيارات تداول على العملات والمعادن وبعض الأصول الأخرى، مع دعم فني متوفر على مدار الساعة. ورغم ذلك، يُنصح دائمًا بالتحقق من تراخيص الشركة ومقارنة شروطها مع وسطاء آخرين قبل اتخاذ أي قرار استثماري.
    "يعدّ Monaxa من الوسطاء الجدد نسبيًا في سوق التداول، ويقدّم مجموعة من الأدوات والحسابات المناسبة لمختلف المتداولين. المنصّة توفر خيارات تداول على العملات والمعادن وبعض الأصول الأخرى، مع دعم فني متوفر على مدار الساعة. ورغم ذلك، يُنصح دائمًا بالتحقق من تراخيص الشركة ومقارنة شروطها مع وسطاء آخرين قبل اتخاذ أي قرار استثماري.
    Translate to English
    2025-12-09 16:11
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    طارق الأنصاري
    more than one year
    I’ve been using Monaxa for a short while, and the experience has been genuinely smooth. The platform feels stable, charts load quickly, and placing trades is straightforward even during busy market hours. I reached out to support once for a verification question, and they responded politely and sorted it out faster than I expected. I also ran a small withdrawal test, and it went through successfully, which gave me extra confidence. Overall, Monaxa has delivered a clean and reliable trading experience so far.
    I’ve been using Monaxa for a short while, and the experience has been genuinely smooth. The platform feels stable, charts load quickly, and placing trades is straightforward even during busy market hours. I reached out to support once for a verification question, and they responded politely and sorted it out faster than I expected. I also ran a small withdrawal test, and it went through successfully, which gave me extra confidence. Overall, Monaxa has delivered a clean and reliable trading experience so far.
    Translate to English
    2025-12-09 13:55
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