August 2026 Verified Payouts Tracked: $54.8M+ across 18 Prop Firms
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Monaxa

πŸ‡ΈπŸ‡¨Institutional ECN Execution

Empowering global traders with institutional-grade liquidity and ultra-low raw spreads from 0.0 pips.

4.7 / 5.0β€’620 Verified Reviewsβ€’Est. 2019 β€’ Victoria, Mahe, Seychellesβ€’
Open Live Account
EUR/USD Spread0 pips
GBP/USD Spread0.2 pips
Commission$3.00 / side ($6.00 round turn)
Max Leverage1:1000
Min Deposit$50
Independent Review Guarantee

Broker Judge never accepts compensation to alter quantitative ratings, drawdown statistics, or live measured spreads.

Side-by-Side Matrix β†’

Live Measured Spreads & Trading Costs (8 Assets)

Real-time measured spreads on Raw ECN vs Standard account types for Monaxa.

Test Live Spreads on Demo
Asset / SymbolCategoryRaw ECN SpreadStandard SpreadCommissionExecution
EUR/USDMajor Forex0.0 pips0.8 pips$3.00 / sidePure ECN DMA
GBP/USDMajor Forex0.2 pips1.0 pips$3.00 / sidePure ECN DMA
USD/JPYMajor Forex0.1 pips0.9 pips$3.00 / sidePure ECN DMA
AUD/USDMajor Forex0.2 pips1.1 pips$3.00 / sidePure ECN DMA
XAU/USD (Gold)Precious Metal1.2 pips2.4 pips$3.00 / sidePure ECN DMA
US30 / Dow JonesGlobal Index1.5 pts2.8 pts$0 (Zero)Pure ECN DMA
BTC/USD (Crypto)Crypto CFD$12.00$25.00$0 (Zero)Pure ECN DMA
US OIL / CrudeCommodities1.8 pips3.1 pips$0 (Zero)Pure ECN DMA

Trading Account Models Breakdown

Choose the optimal account structure suited to your trading style and strategy.

Recommended for Scalpers0.0 Pips

Raw Spread (ECN)

Direct institutional liquidity with zero markup on bid/ask quotes.

Commission:$3.00 / side ($6.00 round turn)
Min Deposit:$50
Platforms:MT4, MT5, cTrader
All-Inclusive Pricing0.8 Pips

Standard (STP)

Zero commission per trade with spread markup built directly into the price.

Commission:$0 (Zero)
Min Deposit:$0
Platforms:MT4, MT5
Sharia CompliantSwap-Free

Islamic Account

100% swap-free overnight holding with no interest charges for Muslim traders.

Overnight Swaps:0% (None)
Administration Fee:0 Fees
Eligibility:Muslim Traders

About Monaxa & Server Infrastructure

Monaxa is a multi-asset fintech brokerage engineered for high-performance retail and professional trading. Leveraging tier-1 liquidity aggregators housed in Equinix server hubs, Monaxa delivers sub-millisecond execution speeds and deep market depth. Client funds are fully segregated in top-tier banking institutions, ensuring comprehensive asset security alongside robust negative balance protection.

Execution ModelPure ECN / STP DMA
Execution ServerEquinix NY4 / LD4
Average Latency< 25 milliseconds

Supported Ecosystem

Platforms:
MetaTrader 4MetaTrader 5Monaxa Social Trading AppWebTrader
Tradeable Markets:
Forex (70+ pairs)IndicesCommoditiesMetalsCryptocurrenciesShares CFDs
Deposit & Withdrawal Methods:
Bank WireVisaMastercardSkrillNetellerUSDTBitcoinLocal Bank Transfers

Regulation & Safety Standards

Regulatory Authorities: FSA Seychelles (SD148), FSCA South Africa
Segregated Client AccountsTier-1 Australian & UK Banks
Negative Balance ProtectionGuaranteed (100%)
Copy / Social TradingSupported
US Clients AcceptanceNot Accepted

Pros & Cons Analysis

Ultra-low raw spreads starting from 0.0 pips
Extremely high maximum leverage up to 1:1000
Comprehensive social and copy trading ecosystem
Fast multi-currency deposit and withdrawal processing
Standard accounts feature wider spreads with no commission
Limited tier-1 regulatory oversight compared to FCA/ASIC brokers

Frequently Asked Questions about Monaxa

What are the typical EUR/USD spreads on Monaxa?

Monaxa offers raw spreads starting from 0 pips on ECN/Raw accounts with transparent commission pricing.

What is the minimum deposit required by Monaxa?

The minimum deposit to start trading with Monaxa is $50.

Is Monaxa safe and regulated?

Yes, Monaxa is authorized and regulated by tier-1 authorities: FSA Seychelles (SD148), FSCA South Africa, with client funds held in segregated tier-1 bank accounts.

What trading platforms does Monaxa provide?

Monaxa supports MetaTrader 4, MetaTrader 5, Monaxa Social Trading App, WebTrader.

Are scalping and automated Expert Advisors (EAs) allowed on Monaxa?

Yes, Monaxa permits all trading styles including high-frequency scalping, news trading, hedging, and automated EA bots with no restrictions.

Verified Trader Reviews

Real withdrawal tests and execution reviews for Monaxa.

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Independent Review Guarantee

Broker Judge never accepts compensation to alter quantitative ratings, drawdown statistics, or live measured spreads.

Side-by-Side Matrix β†’