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MONAXA -

Score

3.62 /10
Danger

MONAXA

Anguilla

2-5 years

Regulated in South Africa

Derivatives Trading License (EP)

MT4 Full License

High Potential Risk

https://monaxa.com

Benchmark

C

Influence

B

Add brokers

Comparison

Quantity 13

Exposure

Open Account
Website

Score

Regulatory Index4.46

Business Index6.74

Risk Management Index4.58

Software Index8.35

License Index4.82

The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.
Open Account
Website

Licenses

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

Single Core

1G

40G

open now

Regulatory disclosure

More

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2025-08-14
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Warning regarding unregulated entities
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Danger

JP FSA
2024-12-01
Unregistered entity engaged in financial instruments business - Monaxa Ltd.
MONAXA

Broker Information

More

Company Name

Monaxa Group

Company Abbreviation

MONAXA

Platform registered country and region

Anguilla

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! 2
Previous Detection : 2026-09-18
  • WikiFX has recorded a total of 7 user complaints against this broker. Please be aware of the high risks and exercise extreme caution.
  • This broker has accumulated 1 negative field survey reviews on WikiFX. Please be aware of the risk and guard against potential fraud.

WikiFX Survey

Danger

MONAXA

Australia

WikiFX Verification

MONAXA · Benchmark
Average transaction speed(ms)
591.2
The highest transaction speed(ms)
484 Poor
The highest speed of opening positions(ms)
453 Poor
The highest speed of closing position(ms)
484 Poor
The lowest speed of opening positions(ms)
1156 Great
The lowest speed of closing position(ms)
1875
Ranking： 83 / 109
Test user 105
Transactions 1,106
Ocuppied margin $418,147 USD
Data Source WikiFX Data provide
Updated: 2026-09-16 01:09:00

Exposure

13 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
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
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
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
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
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
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
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
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
Resolved

Monaxa clearing account, providing misleading information, refusing refund

Warning: Monaxa provided misleading information and mistakenly closed my account. I am writing this letter to strongly warn other traders to pay attention to Monaxa Limited. My account was mistakenly closed due to contradictory and misleading information provided directly by its customer service team regarding margin stop loss rules. Misleading behavior: Monaxa's customer service has clearly confirmed certain stop loss parameters, and I am managing my funds based on these parameters. However, my position was forced to close at a margin level of 27.39%, which contradicted their advice and resulted in an unfair loss of $454 for me. Refusal to cooperate: Despite providing conclusive evidence, including official chat records and MT5 server logs, Monaxa's compliance team refuses to take responsibility or return disputed funds. Current status: A formal regulatory complaint against Monaxa Ltd has been filed with the Financial Services Commission (FSC) of Mauritius.

2026-09-15 21:17
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
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
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
    MONAXA · Company summary

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

    Monaxa Review Summary
    Founded2-5 years
    Registered Country/RegionSaint Vincent and the Grenadines
    RegulationFSC (active)
    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 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.

    Monaxa's homepage

    Pros and Cons

    Pros Cons
    Long operation timeInaccessible website
    Diverse tradable assetsLimited payment methods
    Various account choices
    Commission-free accounts offered
    MT4 supported
    Copy trading services
    Low minimum deposit
    Live chat support

    Is Monaxa Legit?

    Monaxa is regulated by The Financial Services Commission (FSC) in Mauritius.

    Regulated AuthorityCurrent StatusRegulated CountryLicense TypeLicense No.
    The Financial Services Commission (FSC)activeMauritiussecurities trading licenseGB23201577

    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 Broker Review 2026: Regulated but is it Safe for Traders?

    This MONAXA review provides an in-depth look at the regulatory standing, WikiScore rating, field survey findings, and user feedback for the MONAXA broker based on data available on WikiFX.

    WikiFX
    2026-09-02 12:43
    MONAXA Broker Review 2026: Regulated but is it Safe for Traders?

    ExposureMONAXA Review: Regulation Warnings Hit a Broker With Serious User Complaints

    MONAXA carries an active FSCA regulatory record, but our investigation found severe warning signals: CySEC flagged monaxa.com as unauthorized and Japan’s FSA listed Monaxa Ltd as unregistered. User reports also allege profit deductions, withdrawal trouble, deposit delays, and account-access disputes.

    WikiFX
    2026-08-18 16:00
    MONAXA Review: Regulation Warnings Hit a Broker With Serious User Complaints

    ExposureMONAXA Review: A Deep Dive into This Unregulated Forex Broker

    Discover the truth in our MONAXA review. With no valid regulation and rising 2025 scam cases, learn why you must avoid MONAXA login and trading.

    WikiFX
    2026-03-30 15:07
    MONAXA Review: A Deep Dive into This Unregulated Forex Broker

    ExposureMONAXA Review: Safety, Regulation & Forex Trading Details

    MONAXA currently operates without valid regulatory oversight and maintains a risky WikiFX score of 2.25, with multiple traders reporting severe withdrawal issues and unexpected login-related profit deductions.

    WikiFX
    2026-03-25 16:12
    MONAXA Review: Safety, Regulation & Forex Trading Details
    About More

    User Reviews

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    User comment

    38

    Comments

    Write a review

    FX1348375573
    0-3months
    Warning: Monaxa provided misleading information and mistakenly closed my account. I am writing this letter to strongly warn other traders to pay attention to Monaxa Limited. My account was mistakenly closed due to contradictory and misleading information provided directly by its customer service team regarding margin stop loss rules. Misleading behavior: Monaxa's customer service has clearly confirmed certain stop loss parameters, and I am managing my funds based on these parameters. However, my position was forced to close at a margin level of 27.39%, which contradicted their advice and resulted in an unfair loss of $454 for me. Refusal to cooperate: Despite providing conclusive evidence, including official chat records and MT5 server logs, Monaxa's compliance team refuses to take responsibility or return disputed funds. Current status: A formal regulatory complaint against Monaxa Ltd has been filed with the Financial Services Commission (FSC) of Mauritius.
    Warning: Monaxa provided misleading information and mistakenly closed my account. I am writing this letter to strongly warn other traders to pay attention to Monaxa Limited. My account was mistakenly closed due to contradictory and misleading information provided directly by its customer service team regarding margin stop loss rules. Misleading behavior: Monaxa's customer service has clearly confirmed certain stop loss parameters, and I am managing my funds based on these parameters. However, my position was forced to close at a margin level of 27.39%, which contradicted their advice and resulted in an unfair loss of $454 for me. Refusal to cooperate: Despite providing conclusive evidence, including official chat records and MT5 server logs, Monaxa's compliance team refuses to take responsibility or return disputed funds. Current status: A formal regulatory complaint against Monaxa Ltd has been filed with the Financial Services Commission (FSC) of Mauritius.
    Translate to English
    2026-09-15 21:17
    Reply
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    Billionaire King
    3-6months
    MONAXA is very smooth to use, with security guarantees, promising prospects, and stable trading
    MONAXA is very smooth to use, with security guarantees, promising prospects, and stable trading
    Translate to English
    2026-03-26 06:18
    Reply
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