Review Time
I opened an account with Monaxa on Friday (Feb 6, 2026). After trading for only one business day and making a profit of $680, they abruptly closed my account (ID: 390027) claiming "prohibited strategies" without providing any technical evidence.What is even more suspicious is their financial handling:They officially approved my withdrawal requests via email.Then, they suddenly rejected the same withdrawals and wiped my balance to zero.They only returned my initial deposit of $118, which is an admission that my account was verified and legitimate.They even sent an email confirming the approval of my USDT withdrawal method (Ompay) right before confiscating the profits.They are trying to justify this by claiming "previous correspondence" and "multiple accounts," but they accepted my deposit and verified my KYC without any issues until I made a profit. This is a clear case of "Profit Shaving." I have documented all conflicting emails and screenshots and will be filing a formal complaint with the FSA.STAY AWAY if you intend to make a profit!UPDATE (Feb 11, 2026): > I have officially filed a formal complaint with the Financial Services Authority (FSA) Seychelles regarding the $680 in confiscated profits. The broker has acknowledged my account's validity by returning only the initial $118 deposit (Transaction ID: 1993664), but they are still withholding my earned profits without any technical evidence. I have provided the FSA with proof of their contradictory emails where they approved my withdrawal method before seizing the funds. I will not remove this review until the full amount is settled.
Hey guys, I've really enjoyed my time using Monaxa. I'm using their copy trading, and was able to get my accounts setup real fast. My clients are happy, we all make deposits and receive our withdrawals on time. I really rate Monaxa as a great broker to start your trading journey or develop your forex business. The service is great, My account manager is there for me. Theres lots of money to be made.. I love it and recommend it to anyone who is serious.
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We are a frictionless multi national, multi asset broker. We offer the trading assets you want. The account types you need. The trading conditions you deserve. On technology already trusted by millions. We offer access to the global markets including Forex, Indices, Gold, Oil and Stock CFDs. Frictionless trading is not just buzz words. It's how Monaxa was build from the ground up. Frictionless trading was worth waiting for. www.monaxa.com
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