How to Open a Monaxa Account in Malaysia
A simple step-by-step guide to registering, verifying and funding your Monaxa account as a Malaysian resident.
Open an FxPro account →Opening a Monaxa account needs proof of identity, proof of address, a payment method to confirm and a minimum deposit of $15. Registration, identity verification, payment-method confirmation, funding and terminal setup run in that order, and the broker states verification is handled separately from opening the account, as published on monaxa.com and read on 15 September 2026.
What you need to open an account
Collect all of it before the form is opened. For a Malaysian applicant that means the MyKad or passport, a recent proof of address in the same name, the payment method that will be confirmed separately, and at least the $15 minimum deposit the broker publishes.
- Proof of identity and proof of address for verification
- A payment method, which is confirmed as a step separate from identity verification
- At least the $15 minimum deposit the broker publishes
How long: Not published by the broker on its public pages. Registration is a form; the step that sets the pace is verification, which is handled separately.
Eligibility: Malaysia is not on the broker's published restriction list, which names Iran, Russia, Myanmar and North Korea (monaxa.com, read 15 September 2026); the brand holds no Securities Commission Malaysia licence, checked against the register at sc.com.my on 15 September 2026.
Step by step
- Open the brand’s own site by typing its domain by hand and start the registration there — every account button on this page opens FxPro, a different broker.
- Enter an email address and create a password for the client portal.
- Complete the registration form with your residential details in Malaysia.
- Complete identity verification: a government-issued document — MyKad for citizens and permanent residents, or a passport — plus a proof of address in the same name.
- Confirm the payment method, which is a check separate from the identity one.
- Fund the account: the published minimum deposit is $15 (monaxa.com, read 15 September 2026).
- Download MetaTrader 4 or MetaTrader 5 from the client portal and connect it with the trading login and server name issued for the account — not with the portal password.
A Malaysian applicant verifies with a government-issued identity document — MyKad for citizens and permanent residents, or a passport — plus a proof of address such as a utility bill or bank statement showing the same name. The broker states verification is handled separately from opening the account, as published on monaxa.com and read on 15 September 2026; it publishes no time for either step, so none is quoted here.
Malaysia is not on the restriction list the broker publishes, which names Iran, Russia, Myanmar and North Korea. That answers access, not protection: the brand holds no Securities Commission Malaysia licence — its register at sc.com.my was checked on 15 September 2026 and carried no entry for the brand — so the account is opened with an entity outside Malaysian supervision.
Before you deposit
It is worth getting comfortable with the platform and testing your strategy with virtual funds on a free demo account first.
To be precise about the line above: it is generic platform guidance printed on every guide of this kind, not advice from this site about what to trade, when, or with how much. This site gives no such advice anywhere — see this site is not Monaxa. Whether a demo account is available, and on what terms, is a question for the broker's own pages.
What is needed before registration starts
Four things, collected before the form is opened rather than after. A valid identity document. A proof of address that is recent and matches the address being registered. The payment method that will be used, since it is confirmed as a separate step. And at least the $15 minimum deposit the broker publishes.
The registration form itself is short. What takes time is everything that follows, and all of it is faster if the documents are already on the desk. The broker publishes no opening time on its public pages, so none is quoted here.
Before the first position, two definitions: a contract for difference and margin. The identity step is the standard MyKad-or-passport check.
What happens between registration and the first trade
Identity verification, then payment-method confirmation, then funding, then the terminal. Registration creates the account; it does not finish it. The broker states verification is handled separately from account opening, as published on monaxa.com and read on 15 September 2026.
The terminal comes last for a reason. MetaTrader 4 or MetaTrader 5 is downloaded from the portal and connected with the trading login issued there, so installing it before the account exists produces a program with nothing to connect to.
What the minimum deposit actually is
$15, across the four account types the broker publishes. That is the threshold to open a funded account — not a recommendation, and not a working balance.
The distinction matters because margin is calculated on position value, not on intent. A deposit at the threshold limits what can be opened before the balance is consumed; the arithmetic is on the margin page. What separates the four published tiers, including the Cent account, did not appear on the broker's public pages when the broker's public pages were read on 15 September 2026.
Where the process usually stops
Three places, in descending order of cost. Starting registration without documents and abandoning it at the verification step. Treating identity verification as the only check and meeting the payment-method confirmation at the withdrawal instead. And installing the terminal first. All three are ordering problems; verification covers the second in full.
How to pick an account type at the start
Zero is the tier the published headline spread figure — from 0.0 pips — is attached to, as published on monaxa.com and read on 15 September 2026; that is the broker's own published figure and was not measured for this page. Standard, Pro and Cent carry no published cost figure at all, on this page or on the broker's public pages.
What the broker does not publish is what separates the four tiers in cost, or whether the identity check has to be repeated when a type changes. Both are questions for its own channels before registering, and both are worth asking in writing.
Where the account button on this site leads
To FxPro, a different broker that accepts clients from Malaysia — not to Monaxa. This site is an independent information site about the Monaxa brand, it is not operated by that broker, and the account links here are a commercial arrangement with FxPro.
Anyone who wants a Monaxa account opens it through the brand's own site, reached by typing its domain directly. CFDs carry a high risk of losing money rapidly due to leverage, whichever broker is chosen.