Monaxa vs WCG Markets Ltd
Both forex brokers have built a positive reputation, and feedback from our members supports that.
That said, Monaxa currently holds a stronger overall rating (4.6) than WCG Markets Ltd (0).
Monaxa has a lower minimum deposit, at 15.0.
Both platforms offer their clients bonuses, demo accounts, mobile trading, MAM/PAMM.
Traders should note that
both companies offer the same minimum lot size 0.01, but Monaxa has a maximum lot size of 100.0, while WCG Markets Ltd offers 20.0.
Monaxa offers a greater leverage limit of 1:2000, whereas WCG Markets Ltd 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 | 100.0 |
| Commission | 5.0 | 0.0 |
| 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 | 0.01 |
| Maximum lot size | 100.0 | 20.0 |
| Spread | Variable | Variable |
| Broker type | Dealing Desk, STP, ECN | STP, ECN, Pro |
| Maximal leverage (1:?) | 2000 | 1000 |
| Availability | Dealing Desk, STP, ECN | STP, 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 | UnionPay, Payment Asia, Help2pay, USDT |
| Account Currency | USD, GBP, EUR, JPY, ZAR | USD |
| Languages | English, Spanish, Portuguese, Japanese, Thai, Arabic, Vietnamese, Hindi, Simplified Chinese, Bahasa Malay | English, Simplified Chinese, Traditional Chinese |
| Country | Anguilla | Hong Kong |
| Trading platform(s) timezone | Anguilla | Hong Kong |
| Other trading instruments | CFDs | CFDs, Precious Metals, Forex, CFDs: Indices, Commodities, Energies |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
