MONAXA Review Overview
MONAXA (the name combines Money and Axis) is operated by Monaxa Ltd, registered at the First St Vincent Bank Building, Kingstown, Saint Vincent and the Grenadines (26883 BC 2022), and also cites an Anguilla registration. A Japanese-language support email is provided.
| Specification | Detail |
|---|---|
| Operating Company | Monaxa Ltd |
| Registrations | SVG (26883 BC 2022), Anguilla |
| Platforms | MT4, MT5, cTrader |
| Maximum Leverage | 1:2,000 |
Account Types
MONAXA offers Standard, Cent, Pro, Zero, and Stock CFD accounts. Standard and Pro reach 1:2,000 leverage; Cent 1:1,000; Zero 1:500. Minimum first deposits are 15 dollars (Standard, Cent), 50 dollars (Pro), and 200 dollars (Zero), with spreads from 1.8 pips (Standard, Cent) to 0.9 pips (Pro) and 0.0 pips plus 6 dollars per round-turn lot (Zero). Margin call is 50% and stop-out 20%. Accounts are in USD, EUR, or GBP, not yen.
| Specification | Detail |
|---|---|
| Standard / Cent | $15, from 1.8 pips |
| Pro | $50, from 0.9 pips, no commission |
| Zero | $200, 0.0 pips + $6 per lot |
Leverage by Instrument
Leverage is 1:2,000 on forex and metals, 1:100 on energy, 1:50 on stock indices and crypto, and 1:30 on shares. Dynamic leverage restrictions can apply for about ten minutes around economic releases.
Fees and Funding
Deposits and withdrawals use USDT and SticPay. Accounts left inactive for 90 days incur a 3-dollar monthly fee, accounts at zero balance for 90 days are frozen, and demo accounts are frozen after 30 days idle. Copy trading is supported.
Pros and Cons
| Pros | Cons |
|---|---|
| Very high 1:2,000 leverage and $15 minimum | SVG and Anguilla registrations only, no major regulator |
| MT4, MT5, and cTrader | Inactivity fee and account freezing |
| Eight crypto CFDs and copy trading | Funding limited to USDT and SticPay |
Is MONAXA a Broker Worth Considering?
MONAXA’s leverage, low minimum, and platform choice are broad, but offshore-only registrations and restrictive dormancy rules mean readers should verify details independently and use caution with high leverage.
FAQ
- Is MONAXA regulated?
- It cites Saint Vincent and Anguilla corporate registrations, not a major financial regulator.
- What is the maximum leverage?
- 1:2,000.
- Is there an inactivity fee?
- Yes, 3 dollars per month after 90 days idle.
- Which platforms are available?
- MT4, MT5, and cTrader.
