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
What is the minimum deposit at IQ Option?
Phoebe Yao
03-25
Can you tell me what the typical spread is for the EUR/USD pair when trading on a standard account with H.H. Misbah Securities?
Rustam R
08-12
Could you break down the total trading costs involved when trading index products like the US100 with The Capital Group?
x1250
08-30
Can I know the details about the ICM Brokers fees?
Mohammed Mazhar
08-10
Does CITIC Futures charge any undisclosed fees when making deposits or withdrawals?
Yousef47
08-06