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Rating Index

Pros

Wide range of financial instruments available for trading, including forex, CFDs, commodities, and indices.

User-friendly platform that allows for easy account opening and trading.

Instant deposits, providing a seamless experience for traders.

Cons

Lacks proper regulation, which raises concerns about safety and security for traders.

No insurance for clients, increasing the risk of potential losses.

Limited customer support, which may lead to difficulties in resolving issues or obtaining assistance.

Mona broker Accounts

Mona Account Type

Mona offers several types of trading accounts to cater to the diverse needs of traders. Here are the available account types:

Standard Account

Minimum Deposit: $15
Minimum Spread: from 1.8 pips
Maximum Leverage: up to 2,000
Commission: None

Pro Account

Minimum Deposit: $50
Minimum Spread: from 0.9 pips
Maximum Leverage: up to 2,000
Commission: None

Zero Account (ECN)

Minimum Deposit: $200
Minimum Spread: as low as 0 pips
Maximum Leverage: up to 500
Commission: $6 per round turn lot

Cent Account

Minimum Deposit: $15
Minimum Spread: from 1.8 pips
Maximum Leverage: up to 1,000
Commission: None

Each account type is designed to meet the varying trading preferences and strategies of users, providing options for both beginners and experienced traders.

Mona Broker Account Opening Process

To open an account with Mona, follow these simple steps:

Visit the Official Website: Go to mona fcs.com.
Select Account Type: Choose the account type that best fits your trading style and needs.
Complete Registration: Fill in the required personal information on the registration form.
Submit Documentation: Provide necessary documents such as identification and proof of address, depending on the account type selected.
Fund Your Account: Make an initial deposit according to the minimum requirement of the chosen account type (starting as low as $15).
Download Trading Platform: Download the trading platform (MT4 or other) to start trading.

Once your account is set up and funded, you can begin trading on the platform.