Global Broker Regulation Inquiry App
WikiFX
Ahmed Harb 
1-2 years
What is the spread on Monaxa?
Broker Issues
Fees and Spreads
07-02
United States
WikiFX
Reply
The spread on Monaxa varies depending on the account type you choose. For the Standard account, it starts from 1.8 pips, which is relatively typical for brokers in the same category. However, if you're looking for tighter spreads, the Pro account has spreads from 0.9 pips, and the Zero (ECN) account offers spreads from 0 pips, although there’s a $6 commission per lot. Personally, I find the Pro and Zero accounts to be the most attractive, especially if you’re trading larger volumes and want to keep the cost of each trade as low as possible.
Similar Questions
Are there commission fees with Fiper?
JV1s24K_g0ld
08-01
What are the detailed fees of ZFX broker?
LoukiaCharilaou
05-02
Could you break down the total trading costs involved for indices such as the US100 on Pocket Trade?
marcustan
08-27
How do GFS’s fees compare to other brokers?
TradeTimeAllWasted
05-18
Does The Access Bank UK offer fixed or variable spreads, and how are these spreads affected during periods of high market volatility or major news releases?
Thobani Dlalda
08-17