Monaxa vs Blue Whale Markets
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 Blue Whale Markets (4.4).
Monaxa has a higher minimum deposit than Blue Whale Markets, 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 Blue Whale Markets offers 10000.0.
Monaxa offers a greater leverage limit of 1:2000, whereas Blue Whale Markets allows a maximum of only 1:500.
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 | 0.0 |
| Commission | 5.0 | 3.0 |
| 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 | 4,5 |
| Minimum lot size | 0.01 | 0.01 |
| Maximum lot size | 100.0 | 10000.0 |
| Spread | Variable | Variable |
| Broker type | Dealing Desk, STP, ECN | STP, ECN |
| Maximal leverage (1:?) | 2000 | 500 |
| Availability | Dealing Desk, STP, ECN | STP, ECN |
| Regulation | - | - |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader | MetaTrader 5 (MT5), Web Platform, TradingView, Match Trader |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Local Deposits, Multiple local methods, Crypto | Wire Transfer, Credit Card, Debit Card, Bitcoin, Broker to Broker, Crypto, USDT |
| Account Currency | USD, GBP, EUR, JPY, ZAR | USD |
| Languages | English, Spanish, Portuguese, Japanese, Thai, Arabic, Vietnamese, Hindi, Simplified Chinese, Bahasa Malay | English, Spanish, Arabic |
| Country | Anguilla | Costa Rica |
| Trading platform(s) timezone | Anguilla | Costa Rica |
| Other trading instruments | CFDs | Stocks, Futures, Indices, Commodities, Energies, Shares, CFDs, Cryptocurrency, Forex, Bonds, Cryptos*, CFDs on Indices, CFDs: Indices, Commodities, Energies |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
