Monaxa Forex Broker keeps up-to-date with the latest trading account information, including CENT, ZERO(ECN), PRO, STANDARD maximum leverage of 1:1,000, trading varieties, and more
Rating Index
Pros
Regulated by ASIC, providing a level of credibility and oversight.
Offers a diverse range of trading instruments, including forex, commodities, indices, and cryptocurrencies.
Low minimum deposit requirement of $15, making it accessible for new traders.
Cons
The offshore subsidiary is unregulated, which raises concerns about client fund safety.
Limited payment methods available, which may hinder transaction convenience.
No demo account offered, limiting the ability for new traders to practice before investing real money.
Monaxa broker Accounts
CENT
Environment
C
Currency
--
Maximum Leverage
1:1,000
SupportedEA
Minimum Deposit
$15
Minimum Spread
from 1.8
Depositing Method
--
Withdrawal Method
--
Minimum position
0.1
Commission
--
Products
Forex & Metals
ZERO(ECN)
Environment
C
Currency
--
Maximum Leverage
1:500
SupportedEA
Minimum Deposit
$200
Minimum Spread
as low as 0
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
--
Products
Forex, Indices, Metals, Energies, Stocks CFD, Cryptos, Futures
PRO
Environment
C
Currency
--
Maximum Leverage
1:2000
SupportedEA
Minimum Deposit
$50
Minimum Spread
from 0.9
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
--
Products
Forex, Indices, Metals, Energies, Stocks CFD, Cryptos, Futures
STANDARD
Environment
C
Currency
--
Maximum Leverage
1:2000
SupportedEA
Minimum Deposit
$15
Minimum Spread
from 1.8
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
--
Products
Forex, Indices, Metals, Energies, Stocks CFD, Cryptos, Futures
Monaxa Account Type
Monaxa offers four different types of trading accounts to cater to various trading needs:
- Standard Account
- Minimum Deposit: $15
- Minimum Spread: From 1.8 pips
- Commission: None
- Leverage: Up to 1:4000
- Base Currency: USD, EUR, GBP
- Pro Account
- Minimum Deposit: $50
- Minimum Spread: From 0.9 pips
- Commission: None
- Leverage: Up to 1:4000
- Base Currency: USD, EUR, GBP
- Zero (ECN) Account
- Minimum Deposit: $200
- Minimum Spread: As low as 0 pips
- Commission: $6 per round turn lot
- Leverage: Up to 1:4000
- Base Currency: USD, EUR, GBP
- Cent Account
- Minimum Deposit: $15
- Minimum Spread: From 1.8 pips
- Commission: None
- Leverage: Up to 1:1000
- Base Currency: USC (Cent Currency)
- Visit the Website: Go to the official Monaxa website.
- Register: Click on the "Open an Account" or "Sign Up" button.
- Fill in Information: Complete the online application form by providing your personal details and contact information.
- Submit Required Documents: Upload necessary documents for identity verification and proof of address as per the broker's compliance policies.
- Fund Your Account: Deposit at least $15 to start trading.
- Start Trading: Once verified and funded, log in to your account and begin trading.
- Monaxa Account Types
- Monaxa Broker Account Opening Process
All accounts provide access to a wide range of trading instruments including forex, indices, metals, energies, stocks, CFDs, and cryptocurrencies. Additionally, all accounts come with negative balance protection.
Monaxa Broker Account Opening Process
To open a trading account with Monaxa, follow these steps:
For more details, visit the following sources:
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