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Research date: Sep 28, 2025
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What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
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Summarization
According to the information on the website, Monaxa claims to be a forex broker that stands out by offering a wide range of financial instruments and modern trading platforms. As a new broker, it is inevitable that there will be questions about its security, but the broker claims to be reliable by being licensed by ASIC. However, we still need to delve into other details to make an investment decision.
If you ask whether Monaxa is good or not, you must first consider the license factor. The broker has the following licenses:
Financial Services Commission of the Republic of Mauritius (FSC) License No. GB23201577 under Monaxa Ltd.
Forex: Access the world's largest financial market and trade major, minor and exotic CFD currency pairs with Monaxa.
Crypto: Trade cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) as CFDs and profit from cryptocurrency volatility.
index: Access to over 10 index CFDs such as US100 / FRA40 / JPN225 / HK50 etc.
Commodities: Traders can profit from trading CFDs on major commodities such as coffee and corn, as well as metals.
CFD Stocks: Access thousands of global stock CFDs. Trade without owning the stock.
MetaTrader 4
MetaTrader 5
cTrader
cTrader Copy
There are 4 types of trading accounts as follows for trading via MT4-MT5.
Account Types STANDARD PRO ZERO (ECN) CENT Base Currency USD, EUR, GBP, THB USD, EUR, GBP, THB USD, EUR, GBP, THB USC Minimum First Deposit $15 $50 $200 $15 Minimum amount for subsequent deposits $15 $15 $15 $15 Minimum spread Start 1.8 Start 0.9 0 Start 1.8 Commission - - $6 - Leverage Up to 2,000 Up to 2,000 Up to 500 Up to 1,000 Available Instrument Types Forex, Indices, Metals, Energies, Stocks (CFDs), Cryptocurrencies, Commodities Forex, Indices, Metals, Energies, Stocks (CFDs), Cryptocurrencies, Commodities Forex, Indices, Metals, Energies, Stocks (CFDs), Cryptocurrencies, Commodities Forex & Metals Maximum lot number 200 Position 200 Position 200 Position 100 Position Negative Account Protection มี มี มี มี Free Swap Options มี มี Choice of Choice มี
*For trading via cTrader platform, account type features vary, such as no support for THB currency, no Free-Swap on some accounts.
Channel Currency Minimum deposit Processing time Various fees Crypto USDT TRC-20 20 USDT Minimum 15 minutes Included STICPAY USD, EUR, GBP 15 USD, 15 EUR, 15 GBP immediately Included Local Online Banking THB, USD, EUR, GBP 15 USD, 15 EUR, 15 GBP, 530 THB immediately Included
Channel Currency Minimum withdrawal Processing time Various fees Crypto USDT TRC-20 20 USDT Up to 24 working hours Included STICPAY USD, EUR, GBP 15 USD, 15 EUR, 15 GBP immediately Included Local Online Banking THB, USD, EUR, GBP 15 USD, 15 EUR, 15 GBP, 530 THB immediately Included
Live Chat 10:00 AM to 12:00 PM GMT +8 Monday to Friday
Email:[email protected]
X :https://twitter.com/Monaxa_official
Facebook :https://www.facebook.com/monaxaofficial/
LinkedIn :https://www.linkedin.com/company/monaxa-official/
YouTube :https://www.youtube.com/@monaxaofficial
Have multiple accounts
There is a supporting platform for Copy Trade.
Lack of license from a credible authority
Delayed withdrawal
Credit/debit card deposits and withdrawals are not supported.
Trading via the cTrader platform does not support THB and there is no Free-Swap on some account types.
Overall, Monaxa is a good choice for all types of traders, both beginners and professionals. It offers a wide range of trading instruments and a wide selection of account types. However, there are some additional considerations: limited deposit and withdrawal channels and a lack of a reliable license. Users have also reported problems with slow withdrawals.
Anyone interested in using this service is advised to use this broker. However, you should also study reviews from real users to confirm.
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Monaxa Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide on the broker that suits your needs.