Financial services broker Monaxa announced today (Monday) a comprehensive expansion of its product lineup, including the launch of a PAMM (Percentage Allocation Management Module) system, proprietary credit card, and new crypto trading solutions.
Monaxa Expands Product Suite With PAMM, Crypto Solutions, and More
The company has introduced several key products before year-end, marking a significant evolution in its service offerings. The PAMM system, launching this week, enables professional traders to manage multiple client accounts simultaneously, expanding Monaxa's appeal to institutional investors.
“New products, new services, new platforms,” said Chris Trikomitis, CEO of Monaxa. “All happening before the end of the year.”
The broker is also strengthening its market position through new partnerships with three additional liquidity providers , enhancing trading execution and expanding its instrument range.
The company's crypto solution, currently in development, aims to capitalize on the growing digital asset market, though specific details remain under wraps. In the education sector, Monaxa is rolling out Acadamis, a subscription-based trading course featuring the company's proprietary indicator, weekly live streams, and automated trading capabilities.
These developments come alongside the announcement of MonaxaProp, a proprietary trading program scheduled for official launch in January 2024.
Monaxa to Introduce Prop Trading Services
Monaxa has announced its entry into the prop space, joining a growing number of FX/CFD brokers embracing the model. CEO Trikomitis revealed the launch of Monaxa Prop, stating, “And we are finally ready. Our very own Monaxa Prop will be launching very soon.” The platform promises an 85% profit share for successful traders, with challenges starting at $50, as noted in a recent announcement.
Monaxa operates as a collective of entities under a single brand, one of which is licensed by the Financial Services Commission of Mauritius as an investment dealer. The company’s move is led by Trikomitis, who became CEO earlier this year after a stint as Markets Director at Exness. With nearly two decades of industry experience, Trikomitis has played a pivotal role in steering Monaxa's strategic direction.
This expansion into proprietary trading reflects a broader trend in the industry, as brokers capitalize on the model's rising popularity. Recently, Taurex also launched its proprietary trading platform, Atmos, which is now in its testing phase. These developments underline the sector's momentum, driven by demand for innovative trading opportunities.
