Score
MONAXA
https://monaxa.com/
Website
Rating Index
Trading Env.
Trading Env.
C
Average Execution Latency (ms)
MT4/5
Full License
Monaxa-Real 1
Influence
B
Influence Index NO.1
Trading Env.
Speed:D
Slippage:AA
Cost:C
Disconnected:AAA
Rollover:D
MT4/5 Verification
MT4/5 Verification
Full License
Influence
Influence
B
Influence Index NO.1
Contact
- WikiFX has recorded a total of 7 user complaints against this broker. Please be aware of the high risks and exercise extreme caution.
Account Info
- Trading Env.C
- Currency--
- Maximum Leverage1:1,000
- SupportedEA
- Minimum Deposit$15
- Minimum Spreadfrom 1.8
- Depositing Method--
- Withdrawal Method--
- Minimum Trade Size0.1
- Commission--
- Trading InstrumentsForex & Metals
Properly licensed MetaTrader brokers provide robust systems and continuous support, backed by mature operations, advanced technology, and strong risk controls.
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Verified Site
monaxa.com
104.21.70.11Server LocationUnited States
ICP Registration No.--Top Visitor Locations--Creation Date--Website Name--Company--
Relationship Map
Company Profile
Note: Monaxa's official website - https://monaxa.com/ is currently inaccessible normally.
| Monaxa Review Summary | |
| Founded | 2-5 years |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | FSC (active) |
| Market Instruments | Forex, commodities, indices, cryptocurrencies and shares |
| Demo Account | / |
| Leverage | Up to 1:4000 |
| Spread | From 1.8 pips (Standard account) |
| Trading Platform | MT4, cTrader, cTrader Copy |
| Min Deposit | $15 |
| Copy Trading | ✅ |
| Customer Support | Live 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.

Pros and Cons
| Pros | Cons |
| Long operation time | Inaccessible website |
| Diverse tradable assets | Limited 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 Authority | Current Status | Regulated Country | License Type | License No. |
| The Financial Services Commission (FSC) | active | Mauritius | securities trading license | GB23201577 |
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 | ❌ |

Account Type/Leverage/Fees
Monaxa offers 4 types of accounts, including Standard, Pro, Zero (ECN), and Cent.
| Account Type | Currencies | Min Deposit | Max Leverage | Spread | Commission |
| Standard | USD, EUR, GBP | $15 | 1:4000 | From 1.8 pips | ❌ |
| Pro | $50 | 1:4000 | From 0.9 pips | ❌ | |
| Zero (ECN) | $200 | 1:500 | From 0 pips | $6 | |
| Cent | USC (cent currency) | $15 | 1:1000 | From 1.8 pips | ❌ |

Trading Platform
Monaxa uses MT4 and cTrader as its trading platforms. Besides, cTrader Copy provides copy trading services.
| Trading Platform | Supported | Available Devices | Suitable for |
| cTrader | ✔ | PC, web, mobile | Experienced traders |
| cTrader Copy | ✔ | Web, mobile | Beginners |
| MT4 | ✔ | PC, web, mobile | Beginners |
| MT5 | ❌ | / | Experienced traders |



Deposit and Withdrawal
| Payment Option | Min Deposit/Withdrawal | Deposit Fee | Withdrawal Fee | Deposit Time | Withdrawal Time |
| Local bank transfers | 100 USD/EUR/GBP | / | / | / | / |
| Bank wire transfers | / | / | / | / | |
| Cryptocurrencies | Covered | Not covered | At least 15 minutes | Up to 24 working hours |


Company Profile
- 2-5 years
- Regulated in South Africa
- Derivatives Trading License (EP)
- MT4 Full License
- MT5 Full License
- cTrader
- High Potential Risk
Disclosure
Warning regarding unregulated entities
Country / Region
CY CYSEC
Disclosure Date
2025-08-14
Broker Disclosures
Warning regarding unregulated entities
Country / Region
CY CYSEC
Disclosure Date
2025-01-31
Broker Disclosures
Unregistered entity engaged in financial instruments business - Monaxa Ltd.
Country / Region
JP FSA
Disclosure Date
2024-12-01
Broker Disclosures
News

Exposure MONAXA 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.

Exposure MONAXA 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.

Exposure MONAXA 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.

Exposure MONAXA 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.

Exposure Monaxa Scam Exposed: Withdrawal Delays and Fraud
Monaxa scam exposed: denied payouts, downtime, profit manipulation, weak offshore license. Protect your money—read full broker review now!

Exposure MONAXA Review: Safety, Regulation & Forex Trading Details
MONAXA is currently an unregulated broker with a low WikiFX score of 2.24/10, facing multiple warnings from international regulators and numerous user complaints regarding withdrawal denials and profit deductions.
User Feedback19
Comment 19


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FX6878146882
Malaysia
⚠️ 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.
FX3242764680
Malaysia
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
Noname3110
Vietnam
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.
FX2995228648
Japan
The withdrawal speed is a bit slow. There are occasional deposit bonuses, so I only use those, but the slippage is terrible, so I wouldn't recommend it except for the bonuses.
Neutral
عبد الله حرابي صالح
Saudi Arabia
Monaxa is a relatively new broker in the trading market, offering a range of tools and accounts suitable for various traders. The platform provides trading options for currencies, metals, and some other assets, with technical support available around the clock. However, it is always advisable to verify the company's licenses and compare its terms with other brokers before making any investment decision.
Neutral
_سمية
Qatar
My account manager at Monaxa has been exceptionally proactive—whenever there’s a new promotion or update, I get a clear breakdown without needing to ask. It’s refreshing to work with a broker that not only responds quickly but also keeps clients fully informed. Monaxa stands out with the variety and consistency of its promotions, definitely more than what I’ve seen elsewhere.
Neutral
_AKEEL
United Arab Emirates
At first, I was frustrated when my withdrawal request on Monaxa was unexpectedly canceled. Naturally, I had concerns — but instead of jumping to conclusions, I reached out to their support team for clarity. To my surprise, the response was polite and informative. It turned out that the issue was due to an incomplete verification document on my end. Once I submitted the missing info, my next withdrawal was processed smoothly and without delays. This experience actually boosted my confidence in Monaxa. It showed that the platform takes compliance seriously — which is important for user security. Mistakes can happen, but what matters is how they’re handled. In this case, the communication was clear, and the resolution was fair. Overall, Monaxa remains a reliable broker in my experience.
Neutral
زينب عبد العزيز
Saudi Arabia
What I truly appreciate about Monaxa is the diversity of trading tools and the consistency of low spreads. This gives traders great flexibility to confidently test different strategies. If there's one aspect that could use some improvement, it's the mobile app, which becomes less responsive during peak hours. A performance update would definitely make the experience smoother.
Neutral