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Monaxa

Monaxa's reputation and reviews! A thorough investigation of its reliability, withdrawal refusals, and bonuses

Posted by: MoneyChat Editorial Department

Monaxa is a relatively new overseas forex broker, established in 2013

We share information on social media and other platforms, but there is still not much information available, and I think many people are wondering if Monaxa is safe and what its reputation is like

Therefore, in this article, we will introduce the safety and reliability of Monaxa based on the reputation and reviews of Monaxa users

If you are considering using Monaxa, please use this as a reference

What you will learn from this article

  1. Positive reviews and testimonials for Monaxa
  2. Negative reviews and comments about Monaxa
  3. Monaxa's safety and reliability
  4. About Monaxa account types
  5. Monaxa's current bonus campaign
  6. How to open a Monaxa account
  7. Monaxa deposit and withdrawal methods

Contents

Positive reviews and testimonials for Monaxa

  1. We are offering a 100% deposit bonus
  2. High-leverage trading is available
  3. Supports copy trading
  4. Trading is possible with next-generation high-performance tools
  5. There is a loyalty program

Below are some positive reviews and testimonials

Positive reputation ① Offers a 100% deposit bonus

At Monaxa, you can receive a first deposit bonus equivalent to 100% of your deposit amount as bonus points that can be used for trading

While competitor XMTrading also offers a 100% deposit bonus a few times a year, Monaxa frequently offers a 100% deposit bonus , allowing you to start trading with more capital than other overseas forex brokers.

Positive reputation ② High leverage trading is possible

Monaxa offers leverage trading of up to 2000x

While competing overseas forex brokers like XMTrading and TitanFX offer a maximum leverage of 1000x, Monaxa allows you to expect larger returns with less capital

High-leverage trading carries increased risk, but it is possible to control that risk by limiting the number of trading lots

If you'd like to learn more about high-leverage trading, please refer to this article below ↓

What are the advantages of high-leverage trading in overseas forex? We'll introduce methods for increasing your capital starting with a small amount and recommend some brokers!

Positive reputation ③ Supports copy trading

Copy trading is a system that copies the trading methods of professional traders and executes trades automatically

While it requires paying fees and success commissions to use, it's a popular system among FX beginners because it allows FX trading even without the ability to analyze charts

Furthermore, because it's an automated trading system, it's popular among traders who don't have much time to trade .

You can choose which trader's method to copy, selecting one that suits you based on past trades and performance

One disadvantage is that very few overseas forex brokers support copy trading, but Monaxa is one of the few overseas forex brokers that does, so you can use copy trading there

Positive reputation ④ Trading is possible with next-generation high-performance tools

In addition to standard trading tools like MT4/MT5, Monaxa also offers free access to cTrader, which is considered a next-generation trading tool

cTrader is an intuitive trading tool that includes to give you an advantage in FX trading

cTrader is still a relatively new trading tool, so it currently has fewer custom indicators compared to MT4/MT5. However, custom indicators for cTrader are being developed one after another, so it seems likely that it will eventually offer similar functionality to MT4/MT5

Positive reputation #5: Has a loyalty program

With Monaxa, you earn MXT, Monaxa's own token, every time you make a transaction

MXT can be converted into credits that can be used for trading , so if you have enough MXT, you can start trading without making a deposit.

The amount of MXT you receive from trading varies depending on your rank, and your rank changes based on the number of trades you make

levelRank and MXT received
Tier 1Starter: 1 MXT for up to 20 trading days
Beginner: 3 MXT after 20 trading days
Intermediate: 5 MXT after 30 trading days
Advanced: 10 MXT after 50 trading days
Tier 2Expert: After 80 trading days, 12MXT
Master: After 110 trading days, 15MXT
Elite: After 150 trading days, 17MXT
Tier 3Prodigy: 20 MXT after 200 trading days
Legend: 22 MXT after 250 trading days
Champion: 25 MXT after 300 trading days

Negative reviews and comments about Monaxa

  1. The maximum leverage for bonus accounts is 500x
  2. Wide spread
  3. Limited deposit and withdrawal methods

Bad reputation ① The maximum leverage for bonus accounts is 500x

Monaxa's maximum leverage is 2000x, but in bonus accounts where you can receive deposit bonuses, the maximum leverage is 500x .

While higher leverage generally means higher risk, and therefore higher isn't always better, this leverage ratio might be a little insufficient for those seeking high-leverage trading

If you'd like to know about recommended brokers with high leverage, please refer to this article below ↓

Overseas Forex Leverage Comparison! Recommended Brokers with Leverages from 1000x to Unlimited, and a Summary of Regulatory Rules Including Calculations and Limitations!

Negative reputation #2: Wide spread

Monaxa's spreads are set a little wider

BTC, in particular, has a wide spread, so if you have decided on a trading currency pair or commodity, you should check the spread in advance

If you'd like to know about recommended brokers with low spreads, please refer to this article below ↓

Overseas Forex Spread and Commission Comparison List | Introducing Zero Spread Accounts and Brokers with Narrow Spreads

Negative reputation #3: Limited deposit and withdrawal methods

Monaxa only offers two deposit and withdrawal methods: Sticpay and USDT (TRC20)

We recommend using Sticpay for deposits and withdrawals, but if you don't already have a Sticpay account, you'll need to open one first

What are the safety and reliability requirements for Monaxa?

This section explains the safety and reliability of Monaxa

  1. What is Monaxa?
  2. Financial licenses held
  3. Rumors of withdrawal refusal
  4. Account type

What is Monaxa?

Operating companyMonaxa Ltd
Establishment2013
Registered addressAnguilla (British territory),
No. 9 Cassius Webster Building, Grace Complex, PO Box 1330, The Valley, AI-2640, Anguilla.
Financial LicenseAustralian Securities and Exchange Commission (ASIC),
Anguilla Financial Services Commission (AFSC),
Saint Vincent and the Grenadines (SVGFSA)
LeverageUp to 2,000x (up to 500x for accounts where bonuses are available)
Spreads for major currency pairs (Standard Account)3.0 pips/USD/JPY, 3.3 pips/GBP/JPY, 1.7 pips/EUR/USD
(May fluctuate due to variable spreads)
Number of currency pairs handled67 (Major pairs: 7, Minor pairs: 21, Exotic pairs: 39)
Margin callNone (Zero-cut system adopted)
Japanese supportcan be
Trading ToolsMT4/MT5/CTrader

Monaxa is a relatively new overseas forex broker, having been established in 2013

Its most distinctive feature that it frequently offers a 100% deposit bonus .

The 100% deposit bonus is a very popular bonus campaign because it allows you to trade with the same amount of capital as double your deposit

However, Monaxa is still not very well known in Japan, and some pages on its official website are not available in Japanese

Financial licenses held

Monaxa holds three financial licenses: ASIC ), the Anguilla Financial Services Commission ( AFSC ), and Saint Vincent and the Grenadines ( SVGFSA

In particular, ASICs have strict regulatory standards and are considered one of the most reliable financial licenses

The main reason for obtaining AFSC and SVGFSA certifications is the tax advantages they offer, but there are no downsides to having them

Are the rumors about withdrawal refusals true?

When you search for Monaxa, the term "withdrawal refusal" comes up

After investigating rumors of withdrawal refusals, mainly on social media, I found that there were indeed people who had their withdrawals denied

However, upon reviewing the post, it became clear that it was highly likely to have violated the terms of service

Monaxa's 100% deposit bonus is a very beneficial bonus for traders, but it can also be prohibited

The trader whose withdrawal was rejected likely did so because the terms and conditions were written in English, and they traded without thoroughly reviewing them, thus violating the prohibited terms

In fact, some people have reported being able to withdraw large sums of money without any problems

Furthermore, some traders violated the rules unintentionally, but instead of having their entire investment forfeited, only their profits were cancelled.

This person was more of a victim, but because they violated the terms and conditions, their profits were canceled

I also checked posts from other people who had their withdrawals rejected, and they were all people who had violated the terms of service, such as engaging in high-frequency trading (ultra-fast scalping)

Furthermore, even if the terms of service are violated, it appears that only the profits are canceled, and the principal amount deposited is returned.

I hope that the terms of service will be fully translated into Japanese in the future

For more information on how to avoid withdrawal rejections, please refer to this article below ↓

What are the reasons for withdrawal refusals in overseas forex trading and how to deal with them? Tax and tax filing information is also explained

About account types

MT4/MT5 account

Account typeSTANDARD accountPRO accountZERO Account (ECN)CENT Account
Minimum deposit amount$15 equivalent$15 equivalent$15 equivalent$15 equivalent
Minimum spread1.8 Pips ~0.9 Pips ~0 Pips ~1.8 Pips ~
Fees (round trip)freefree$6 equivalentfree
LeverageUp to 2,000xUp to 2,000xUp to 500xUp to 1,000x
Maximum number of open positions200200200100
Maximum lot size100100100100
Minimum lot size0.010.010.010.1
Stop-loss criteria20％20％20％20％
Zero Cut Systemcan becan becan becan be

cTrader account

Account typeSTANDARD accountPRO accountZERO Account (ECN)cCOPY account
Minimum deposit amount$15 equivalent$15 equivalent$15 equivalent$15 equivalent
Minimum spread1.8 Pips ~0.9 Pips ~0 Pips ~1.8 Pips ~
Fees (round trip)freefree$6 equivalentfree
LeverageUp to 2,000xUp to 2,000xUp to 500xUp to 2,000x
Maximum number of open positions100100100100
Maximum lot size100100100100
Minimum lot size0.010.010.010.01
Stop-loss criteria20％20％20％20％
Zero Cut Systemcan becan becan becan be

Accounts are divided into two types: one for MT4/MT5 and one for cTrader. You need to choose the one that matches the trading tool you want to use for trading

While MT4/MT5 is available at many overseas forex brokers, there are still relatively few overseas forex brokers that offer cTrader, so opening an account specifically for cTrader is also recommended

It's important to note that the stop-loss level for bonus accounts is 50%.

Bonus campaigns being held at Monaxa

Here's a look at the bonus campaigns currently running as of February 2025

For first-time users only, you can choose one of the following three bonuses

100% deposit bonus (first deposit only)

100% Bonus

This is the most popular deposit bonus campaign. While there is a rule that the deposit amount must be between 50,000 and 100,000 yen, you can receive a bonus equal to the amount you deposit

You can only receive the bonus once, so deposit as much as you can to maximize your bonus earnings

50% bonus (first time only)

50% Bonus Logo

This is a deposit bonus campaign where you can receive a bonus equivalent to 50% of your deposit amount

If you want to receive the 100% deposit bonus but cannot afford the minimum deposit of 50,000 yen, select this option

Welcome bonus (first time only)

Welcome Bonus Logo

This is a deposit bonus campaign where you can receive a $50 bonus when you deposit $25

This is recommended for those who want to try trading but don't want to deposit too much money

20% bonus (unlimited times)

20% Bonus Logo

that can be used multiple times .

After using the initial deposit bonus campaign, you will then use this 20% bonus

Monthly 100% deposit bonus campaign (irregularly held)

Monaxa occasionally runs a 100% deposit bonus campaign every month

While the minimum deposit amount is set between 100,000 and 145,000 yen, the benefit of receiving a 100% deposit bonus every month is significant, making it a bonus you should definitely take advantage of

The announcement will be made on X, so if you don't want to miss it, we recommend following the official Monaxa account

If you'd like to know about other companies that offer high bonuses, please refer to this article below ↓

Overseas Forex Account Opening Bonus & Deposit Bonus Comparison Ranking! [Latest January 2026] Broker List

How to open a Monaxa account

This guide explains how to open a Monaxa account

① Access the account opening page

Click "Login" in the upper right corner of the Monaxa official website, then click "Register Now"

You can also access the account opening page from here

② Fill out the account opening form

Enter your name, date of birth, current address, and other information, then check the boxes for "Privacy Policy," "Terms and Conditions," and "Risk Disclosure," and click "Continue."

③ Enter the confirmation PIN that will be sent to you

A verification PIN will be sent to the email address you registered. Enter the PIN and click "Continue"

Your account opening is now complete

For more information on opening a Monaxa account, please refer to this article below ↓

[Illustrated Guide] Monaxa New Account Opening Procedure [Easy Account Creation with Latest Smartphone Images] (Monaxa)

Monaxa deposit and withdrawal methods and fees

Deposit methods, minimum deposit amount, and deposit fees

The deposit methods for Monaxa are as follows:

You can scroll to the right
Payment MethodsMinimum deposit amountTime until reflectioncommission
USDT (TRC-20)20 USDTMinimum 15 minutesfree
SticpayUS Dollar: 15 US dollars Euro
British Pound: 15 Pound
Japanese Yen: 2,250 yen		Immediatelyfree

Withdrawal methods, minimum withdrawal amount, and withdrawal fees

The withdrawal methods for Monaxa are as follows:

You can scroll to the right
Withdrawal methodsMinimum withdrawal amountTime until reflectioncommission
USDT (TRC-20)20 USDTUp to 24 hoursfree
SticpayUS Dollar: 15 US dollars Euro
British Pound: 15 Pound
Japanese Yen: 2,250 yen		Immediatelyfree

Frequently Asked Questions about Monaxa

We have compiled frequently asked questions about Monaxa

Q. Can Japanese people use Monaxa?

A. Yes

This service is also available to Japanese citizens residing in Japan

Q. Is Monaxa dangerous?

A. No

Although it is sometimes considered dangerous because it has received warnings from the Japanese Financial Services Agency (FSA) in the past, the FSA has issued warnings to most major overseas forex brokers. Therefore, Monaxa is not unique in receiving such warnings, and it is not necessarily dangerous

Q. What are the positive reviews and advantages of Monaxa?

The positive reputation and benefits of A.Monaxa are as follows:

  1. We are offering a 100% deposit bonus
  2. High-leverage trading is available
  3. Supports copy trading
  4. Trading is possible with next-generation high-performance tools
  5. There is a loyalty program

Q. What are the negative reviews and disadvantages of Monaxa?

The following are some of the negative reviews and disadvantages of A.Monaxa

  1. The maximum leverage for bonus accounts is 500x
  2. Wide spread
  3. Limited deposit and withdrawal methods

Q. What are the minimum deposit amount and fees for Monaxa?

A.Monaxa's minimum deposit amount and fees are as follows:

You can scroll to the right
Payment MethodsMinimum deposit amountTime until reflectioncommission
USDT (TRC-20)20 USDTMinimum 15 minutesfree
SticpayUS Dollar: 15 US dollars Euro
British Pound: 15 Pound
Japanese Yen: 2,250 yen		Immediatelyfree

Q. What are the minimum withdrawal amount and fees for Monaxa?

A.Monaxa's minimum withdrawal amount and fees are as follows:

You can scroll to the right
Withdrawal methodsMinimum withdrawal amountTime until reflectioncommission
USDT (TRC-20)20 USDTUp to 24 hoursfree
SticpayUS Dollar: 15 US dollars Euro
British Pound: 15 Pound
Japanese Yen: 2,250 yen		Immediatelyfree

Q. Are there rumors about Monaxa refusing withdrawals?

A.Monaxa, like other overseas forex brokers, has trading rules (terms of service)

There have been posts on social media claiming that Monaxa has refused to allow withdrawals. It is highly likely that these users violated trading rules, and Monaxa has taken action to cancel the profits in accordance with its terms and conditions

Many posts indicated that withdrawals were successful, so there should be no problems as long as you follow the trading rules

Q. Are there any fees for opening or maintaining an account?

A. No

Monaxa offers free account opening and maintenance

However, please note that trading accounts with no activity for 90 days will incur a management fee of $3

Q. Are there any transaction fees?

For A.zero accounts only, a fee equivalent to $6 will be charged for round-trip transactions

Q. Can I change my account type midway through?

A. It cannot be changed

If you want to trade using a different account type, you will need to create an additional account

Q. What are the criteria for a stop-loss order?

At A.Monaxa, a margin call is issued when the margin maintenance ratio falls below 50%, and a forced stop-loss occurs when the margin maintenance ratio falls below 20%

However, the stop-loss level for bonus accounts is 50%

Q. Will a margin call occur?

A. No

Monaxa employs a zero-cut system, so margin calls will not occur, and even if your balance goes into the negative, it will be reset to zero

Monaxa Summary

This article covered Monaxa's reputation, reliability, rumors of withdrawal refusals, and ongoing bonuses

While Monaxa's official website is not fully translated into Japanese and some translations are inaccurate, they actively share information on social media, and it is expected that this will improve in the future

The 100% deposit bonus which is offered frequently, is a particularly attractive feature not found at other companies, so if you trade while paying attention to the prohibited items, you can get a better start than if you started trading with other companies.

Furthermore, it is one of the few that supports copy trading availability of cTrader, considered a next-generation trading tool, is also an attractive feature.

While there are rumors of withdrawal refusals, it has become clear that the trader likely violated trading rules, making it highly probable that the fault lay with the trader

One of the factors contributing to the fraudulent trading was the lack of Japanese translation of the terms and conditions. However, the company has announced on its official social media that it is working on translating them into Japanese, so this is an overseas forex broker to watch in the future

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