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Regarding the legitimacy of Monaxa forex brokers, it provides a comprehensive investigation into the security aspects of regulatory FSC, and WikiBit, as well as whether there are any negative scam reviews.

Rating Index

WikiFX Detection

Software Index

Full License

License

FSC Offshore Regulated

Is Monaxa safe?

The regulatory license is the strongest proof.

Retail FX

FSC Retail Forex License

The Financial Services Commission

The Financial Services Commission

Regulatory Agencies Introduction
  • Current Status:

    Offshore Regulated
  • License Type:

    Retail Forex License
  • Licensed Institution:

    Monaxa Ltd Monaxa Ltd
  • Effective Date:

    2023-03-31
  • Email Address of Licensed Institution:

    --
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    --
  • Expiration Time:

    --
  • Address of Licensed Institution:

    --
  • Phone Number of Licensed Institution:

    --
  • Licensed Institution Certified Documents:

11 name

Is Monaxa a scam, or is it legit?

The latest exposure and evaluation content of Monaxa brokers.

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.
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.
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
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
Monaxa's latest industry rating score is 6.01, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. Monaxa If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.