Monaxa vs Austex Markets
Both forex brokers have built a positive reputation, and feedback from our members supports that.
That said, Monaxa currently holds a lower overall rating (4.6) compared to Austex Markets (5).
Monaxa has a lower minimum deposit, at 15.0.
Both platforms offer their clients bonuses, demo accounts, mobile trading, MAM/PAMM.
Monaxa offers a greater leverage limit of 1:2000, whereas Austex Markets allows a maximum of only 1:1000.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 15.0 | 50.0 |
| Commission | 5.0 | - |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 4 | 4 |
| Minimum lot size | 0.01 | - |
| Maximum lot size | 100.0 | - |
| Spread | Variable | - |
| Broker type | Dealing Desk, STP, ECN | ECN, Pro |
| Maximal leverage (1:?) | 2000 | 1000 |
| Availability | Dealing Desk, STP, ECN | ECN, Pro |
| Regulation | - | - |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader | MetaTrader 5 (MT5) |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Local Deposits, Multiple local methods, Crypto | Wire Transfer, UnionPay, Bitcoin, WeChat Pay, Crypto, USDT, cryptoPay, AliPay |
| Account Currency | USD, GBP, EUR, JPY, ZAR | USD |
| Languages | English, Spanish, Portuguese, Japanese, Thai, Arabic, Vietnamese, Hindi, Simplified Chinese, Bahasa Malay | English, Chinese, Vietnamese |
| Country | Anguilla | Australia |
| Trading platform(s) timezone | Anguilla | Australia |
| Other trading instruments | CFDs | - |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
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