Monaxa Mona & Max Cup Series II – Trading Contest

Monaxa has introduced the Mona & Max Cup Series II, a two-month trading competition structured around performance-based rankings. The contest is conducted using a 10X Boosted MT5 account, where participants trade using amplified account equity based on their deposit.

According to the official terms, the competition runs from April 1 to May 31, 2026, and is available to traders across regions, including Asia, the  Middle East, Africa, and Latin America.

Contest Highlights

• Competition Period: April 1 – May 31, 2026
• Regions: Asia, Middle East, Africa, LATAM
• Minimum Deposit: $15
• Account Type: MT5 10X Boosted Account
• Total Prize Pool: $34,250 (cash + Apple products)

Ranking Criteria

Participants are ranked based on the percentage gain achieved during the contest period. To qualify for prizes, traders must meet the following conditions:

• Complete Monaxa registration and meet the minimum deposit requirement
• Minimum 20% profit growth
• At least 5 lots traded
• Full compliance with trading rules

Only traders meeting all requirements are included in the qualified Monaxa leaderboard .

Prize Structure

Each region has three winners, with rewards including both cash prizes and Apple devices:

• 1st Place: iPhone + $2,000 cash (approx.)
• 2nd Place: iPad + $1,000 cash (approx.)
• 3rd Place: Apple Watch + $250 cash (approx.)

Account & Trading Conditions

• Deposit is boosted up to 10X for trading purposes
• Boosted funds are non-withdrawable and used as trading credit
• Maximum leverage up to 1:50 (dynamic)
• Minimum lot size: 0.01
• Commission: $5 per side
• Spread: from 1 pip
• Instruments: Forex, Commodities, Indices

Important Rules

• Withdrawals during the contest period result in disqualification
• Only trading activity from the designated contest account is counted
• Multiple accounts or abusive trading practices may lead to disqualification
• Boosted equity is removed if the drawdown reaches critical levels
• Redeposits and internal transfers are allowed during the contest period

Trading Risk & Bonus Conditions

The 10X boosted balance acts as trading credit and significantly increases exposure. While profits may be withdrawable, the boosted funds themselves cannot be withdrawn and may be removed if certain conditions are triggered.

Trading with leveraged and boosted accounts involves higher risk, including potential rapid loss of equity due to drawdown rules.

Key Risk to Consider (Common Reason for Failure)

One of the most critical risks in this competition is the drawdown rule.

• If the account equity falls to 10% of the total equity, the bonus (boosted credit) will be automatically removed.
• At the same time, all open positions will be forcefully closed.

Example:

• Initial Deposit: $50
• Boosted Equity: $500

If the account equity drops to $50 (10% level), the system will trigger:

• Immediate removal of the bonus
• Automatic closure of all trades

At this point, the trading advantage is lost, effectively ending the competitive edge.

Conclusion

The Monaxa Mona & Max Cup Series II is a performance-based trading contest that combines boosted trading conditions with regional competition. Participants should review all terms carefully and understand the risks associated with leveraged trading before participating.

Note: Trading involves significant risk. Contest rules, eligibility, and rewards may vary depending on region and account conditions.