Opening a Monaxa account means entering your details on the registration page, completing verification and choosing an account. Monaxa says it can take as little as 5 minutes, with deposits from USD 15.
How to open a Monaxa account: the 5 steps
- 01Open the registration page
Choose individual or corporate. For an individual, choose Individual Client. Also check the country of residence and the applicable entity shown.
- 02Enter your profile
Enter your name, date of birth, country of residence, address, phone number and email address. You can choose Japanese as the preferred language.
- 03Set a password
Use at least 12 characters. Include at least one upper-case letter, one lower-case letter, one number and one special character.
- 04Complete identity verification
Submit documents following the client portal instructions. Use of the account may be restricted until the review is finished.
- 05Choose an account and deposit
Choose the account type and MT4 or MT5. Check the deposit methods and minimums in the client portal.
Information needed to register, and what to have ready
| Category | Details |
|---|---|
| Contact | Email address, phone number |
| Basic information | Name, date of birth, country of residence, address |
| Documents | ID document, proof of address |
| Other | Password (at least 12 characters), preferred language |
※ The official site does not list document names or an issue-date limit. Follow the application screen.
Enter your name and address exactly as they appear on your documents. A mismatch can slow down the check.
Four points to check before opening a Monaxa account
- Applicable entity: save the entity name and terms shown on the registration screen. The official site names Monaxa Ltd (Mauritius FSC GB23201577).
- Name on deposits: deposit from an account in the same name as your registration.
- Bonus accounts: trading conditions differ from regular accounts, so read the terms before depositing.
- Risk: the official top page shows that 79.9% of retail investor accounts lose money.
You can also try the platform on a demo account first, before depositing any funds.
Leveraged trading can lead to large losses. Before you open an account, decide an amount you can afford to lose.
Check Monaxa's reputation against official information (review article on the main site)
After approval: account type, deposit and login
- Compare the account types and decide which one to use.
- Check the deposit methods and minimum before you deposit.
- Log in to MT4 or MT5 and confirm the connection.
Conditions change by account, country of residence and time, so the official information shown during registration takes priority.