I opened an account with Monaxa on August 13, 2025 (Trading Account: 923785). On August 14, I deposited USD 500 to trade, and after trading I made a profit of USD 1,487.35.On August 18, I requested my first withdrawal of USD 680, which was successfully processed and received. However, on August 19, when I requested my second withdrawal of USD 1,307.35, I was suddenly notified by email that my withdrawal was blocked.Monaxa then forced me to go through excessive and unreasonable KYC procedures. They asked me to provide endless documents, including video verification and selfies holding my ID. I already submitted my selfie with ID, yet they kept demanding more and more KYC steps, clearly using this as an excuse to delay or prevent my withdrawal.This is completely unacceptable. A legitimate broker should not restrict client withdrawals under such unreasonable conditions. Monaxa is proving itself to be a platform that does not allow proper withdrawals.⚠️ Warning to others: Monaxa may let you deposit and even process a small first withdrawal to build trust, but when you try to withdraw larger profits, they block your funds with endless KYC excuses. This is highly suspicious and shows that Monaxa is not a trustworthy broker.
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