MONAXA vs WAVETRADE
Independent side-by-side on safety (scam-risk, regulation, reviews) and selection (costs, products, funding, who it's best for). We charge brokers nothing.
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Safer pick MONAXA leads on safety — winning 2 of 3
trust metrics (lower scam-risk, stronger regulation). Check the selection rows for the best fit.
Safety & Trust
Scam-risk scoreⓘ lower = safer
✓41
63
Verdict
Guarded
Elevated
Regulatedⓘ
Yes
No
Licenses
✓1
0
Tier-1 regulatorsⓘ
0
0
Trustpilot score
4.3
—
Reviews collected
206
—
Exit riskⓘ lower = safer
Guarded
—
Known clonesⓘ
2
✓0
Regulator warnings
0
0
Cost & Accounts
Min deposit lower = easier to start
$15
—
Max leverage
1:1,000
1:500
Min spread (best acct)
from 0
from 0
Commission
—
$0
Cost grade
—
—
Account types
✓4
3
Best for
Suits
Traders prioritizing fast withdrawals and low spreads, Experienced traders comfortable with offshore regulation for high leverage (up to 1:2000), Those seeking a variety of account types including cent and ECN accounts
Traders seeking high leverage up to 1:500, Traders interested in ECN-style execution with low spreads, Experienced traders comfortable with unregulated brokers
Not for
Risk-averse traders requiring top-tier tier-1 regulation, Traders wary of broker bonus conditions and potential profit cancellation, Those expecting 24/7 responsive customer support
Traders requiring regulatory protection, Beginners who may need investor compensation schemes, Traders in jurisdictions where unregulated brokers are prohibited
Products & Funding
Instruments
Forex, Indices, Metals, Energies, Stocks CFD, Cryptos, Futures
--
Deposit methods
--
—
Withdrawal
--
MASTER, VISA
Execution
Speed
—
—
Slippage
—
—
Swap cost
—
—
Company
Founded
2023-01-29
2025-11-03
Headquarters
Anguilla
Anguilla
Employees
0
0
✓ = stronger value on that row · ● good · ● caution · ● weak · "—" = not yet collected. Independent scoring, never for sale.