Score

2.21 /10
Danger

Monaxa

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

MT4 Full License

High potential risk

C
C

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Comparison

Quantity 12

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.10

Risk Management Index0.00

Software Index9.48

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 : 2025-10-02
  • It has been verified that this broker currently has no valid 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 Verification

Monaxa · Benchmark
Average transaction speed(ms)
319.7 Great
The highest transaction speed(ms)
214
The highest speed of opening positions(ms)
214
The highest speed of closing position(ms)
214
The lowest speed of opening positions(ms)
789 Great
The lowest speed of closing position(ms)
485 Great
Ranking: 98 / 125
Test user 274
Transactions 1,246
Ocuppied margin $416,824 USD
Data Source WikiFX Data provide
Updated: 2025-09-30 01:09:00
Pyramid scheme complaint
Expose
    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
    cTraderPC, web, mobileExperienced traders
    cTrader CopyWeb, mobileBeginners
    MT4PC, 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: 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

    User Reviews

    More

    User comment

    24

    Comments

    Write a review

    FX6878146882
    0-3months
    ⚠️ 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.
    ⚠️ 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.
    Translate to English
    2025-09-12 21:29
    Reply
    0
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    FX3242764680
    more than one year
    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
    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
    Translate to English
    2025-09-05 21:53
    Reply
    0
    0
    12