Rating Index
Pros
FSA-regulated, providing a level of security and adherence to regulatory standards.
Diverse range of products and services, catering to various investor needs.
Multiple trading platform options available, allowing traders to choose according to their preferences.
Cons
Lack of clear information regarding minimum deposit requirements, which may be challenging for new investors.
Customer support is considered average, potentially falling short of some clients' expectations.
Limited transparency on account types, leverage, and spreads, which may hinder informed decision-making.
MONOX broker Accounts
MonoX Account Type
MonoX offers a variety of account types tailored to meet different trading needs and strategies. Here are the available account types:
- Standard Account
- Minimum Deposit: $15
- Contract Size: 100,000
- Base Currency: USD, EUR, GBP
- Minimum Spread: From 1.8 pips
- Leverage: Up to 2,000
- Negative Balance Protection: Yes
- Asset Classes: Forex, Indices, Metals, Energies, Stocks, CFDs, Cryptos, Futures
- Pro Account
- Minimum Deposit: $50
- Contract Size: 100,000
- Base Currency: USD, EUR, GBP
- Minimum Spread: From 0.9 pips
- Leverage: Up to 2,000
- Negative Balance Protection: Yes
- Asset Classes: Same as Standard Account
- Zero (ECN) Account
- Minimum Deposit: $200
- Contract Size: 100,000
- Base Currency: USD, EUR, GBP
- Minimum Spread: As low as 0 pips
- Commission: $6 per round turn lot
- Leverage: Up to 500
- Negative Balance Protection: Yes
- Cent Account
- Minimum Deposit: $15
- Contract Size: 1,000
- Base Currency: USD (Cent Currency)
- Minimum Spread: From 1.8 pips
- Leverage: Up to 1,000
- Negative Balance Protection: Yes
- Visit the Website: Go to the MonoX website.
- Select Account Type: Choose the account type that best suits your trading style.
- Complete Registration: Fill out the online registration form with your personal and financial information.
- Verify Identity: Submit required documents for identity verification, such as a valid ID and proof of address.
- Fund Your Account: Make an initial deposit (minimum $15) to activate your trading account.
- Start Trading: Once your account is approved, you can begin trading on the platform.
MonoX Broker Account Opening Process
To open an account with MonoX, follow these steps:
For more detailed information, you can refer to the official MonoX website: MonoX Account Types
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