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Monaxa vs BeeMarkets
Both forex brokers have built a positive reputation, and feedback from our members supports that.
Both brokers have the same overall rating, 4.9.
Monaxa has a higher minimum deposit than BeeMarkets, at 15.0.
Both platforms offer their clients bonuses, demo accounts, mobile trading.
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 BeeMarkets offers 200.0.
Monaxa offers a greater leverage limit of 1:2000, whereas BeeMarkets 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 | 10.0 |
| Commission | 5.0 | 2.5 |
| 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 | 5 |
| Minimum lot size | 0.01 | 0.01 |
| Maximum lot size | 100.0 | 200.0 |
| Spread | Variable | Variable |
| Broker type | Dealing Desk, STP, ECN | STP, ECN |
| Maximal leverage (1:?) | 2000 | 1000 |
| Availability | Dealing Desk, STP, ECN | STP, ECN |
| Regulation | - | ASIC (Australia), Anjouan Offshore Finance Authority (AOFA) |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader | WebTrader, Mobile App, FastBull, CloudTrader4 |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Local Deposits, Multiple local methods, Crypto | Wire Transfer, Credit Card, WebMoney, Internal transfer, 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, French, Portuguese, Japanese, Italian, Russian, Chinese, Indonesian, Malay, Thai, Arabic, Vietnamese, Korean, Malay |
| Country | Anguilla | Australia |
| Trading platform(s) timezone | Anguilla | United Arab Emirates, Australia, Hong Kong |
| Other trading instruments | CFDs | Indices, Energies, Cryptocurrency, Precious Metals, Forex |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
