Monaxa's bonus account is a dedicated account for receiving the 30% Lifetime or $50 Welcome bonus. Its stop-out is 30% and maximum leverage is 1:500, stricter than a standard account (20%, up to 1:2000).
In short: how to choose between a bonus account and a standard account
- You want the bonus: use the dedicated bonus account. A standard account gets none.
- You use EAs, a VPS or scalping: consider a standard account.
- You want high leverage: a standard account. Bonus accounts start at up to 1:500 and go lower.
- You withdraw often: a standard account. On a bonus account, withdrawals reduce the credit.
- If unsure: check the terms and ask support before depositing. Welcome is for clients who have not yet deposited.
A bonus adds to your trading funds, but the conditions are stricter. You can also lose all of it through losses.
Comparing bonus account and standard account conditions
| Item | Bonus account | Standard account |
|---|---|---|
| Stop-out | 30% | 20% (margin call 50%) |
| Maximum leverage | Dynamic: reduced in stages from up to 1:500 to 1:50 | Up to 1:2000 (Cent 1:1000) |
| Bonus | Lifetime 30% / Welcome $50 | None |
| Withdrawing the bonus | Not possible. Withdrawing removes it in proportion | Not applicable |
| Trading via VPS | Banned (profit cancellation and bonus removal) | Not covered by the bonus terms ban |
※ 1:2000 is the cap for low-volatility instruments, and the actual ratio varies by instrument, balance and trade size. For VPS use on a standard account, check the account terms.
Which to open: three steps to decide
- 01Decide the platform and method you will use
If you use EAs, a VPS or scalping, a standard account is a candidate. For discretionary trading only, a bonus account is also an option.
- 02Estimate the value of the bonus
Welcome gives $50 for a $25 deposit, and Lifetime is 30% of your deposit. Allow for reductions from withdrawals and conditions.
- 03Understand the stop-out difference
A bonus account stops out at 30%, so positions close sooner than on a standard account. Keep your trading size modest.
If you raise your trading size because of the bonus, losses can exceed the benefit. Decide within an amount you can afford to lose.
Switching accounts, and what to do if you deposited to the wrong one
- The bonus itself cannot be withdrawn or transferred between accounts.
- Transfers out of a Welcome Bonus account to other accounts at the company are not allowed.
- For Lifetime, funds deposited to a standard account become eligible if you transfer them to the dedicated account (terms FAQ 4).
- Welcome is for clients who have 'never deposited' under the terms. How it is handled if you deposit to a standard account first is not stated officially.
- Other switching steps are not stated on the official site.
If you deposit to the wrong account, contact support before you start trading.
Why a bonus is not credited or has gone
Conditions change by account, country of residence and time, so the official information shown during registration takes priority.