How high is Monaxa's leverage, and how much floating loss can an account take? The short answer: up to 1:2000 (Cent is 1:1000). The official figures are loss cut 50% and stop-out 20% (official account types page, checked 2 September 2026).
This article covers when 1:2000 applies, a worked example with a JPY 100,000 balance and 1 lot, and how bonus accounts differ. After reading, you can estimate how many pips of adverse movement your lot size can withstand.
Monaxa leverage and loss cut: 5 key points
- Maximum leverage is 1:2000 (Cent is 1:1000), but it does not always apply
- The official figures are loss cut 50% and stop-out 20%
- The official site states that no account can lose more than the amount deposited
- Bonus accounts change to a 30% stop-out and a maximum of 1:500 to 1:50
- With a JPY 100,000 balance and 1 lot, stop-out comes after about 98.5 pips of adverse movement (worked example)
Stop-out is a mechanism that force-closes positions when the margin level falls below a set figure. Japanese domestic FX calls this "loss cut". Monaxa's official wording calls 50% "loss cut" and 20% "stop-out". A margin call is a warning level that comes before forced closure.
Monaxa leverage: 1:2000 applies to low-volatility instruments
| Account | Maximum leverage |
|---|---|
| Standard | 1:2000 |
| Pro | 1:2000 |
| Zero | 1:2000 |
| Cent | 1:1000 |
※ On the official account types page, the 1:2000 figure carries a note that conditions apply.
According to the official leverage page, 1:2000 is the cap for low-volatility instruments. Highly volatile instruments have a lower cap.
- Actual leverage changes with account type, instrument, account balance (equity) and trading volume
- The displayed ratio is the maximum available, not a ratio that always applies
- You can also choose a ratio lower than the maximum
The official leverage page has a table titled "Monaxa leverage tiers". However, this site could not confirm the figures for each tier as of 17 October 2026. For ratios by balance or instrument, rely on the display in your account area and trading platform after opening an account.
Monaxa loss cut 50% and stop-out 20%
| Item | Details |
|---|---|
| Loss cut (official wording) | 50% |
| Stop-out (official wording) | 20% |
| Margin level formula | Equity ÷ required margin × 100 |
| Zero-cut | The official site states "no account can lose more than the amount deposited" (check the terms for conditions) |
The official site calls 50% "loss cut". However, no official page explains what happens at 50%: a warning or a forced closure. In this site's loss cut calculation article, 50% is treated as the margin call (warning level) and 20% as the stop-out (forced closure). This article follows the same approach.
Check the actual behaviour in your trading platform and in Monaxa's terms. Until you can confirm it, it is safer to manage your lot size so that the margin level does not fall below 50%.
Monaxa loss cut example: JPY 100,000 balance and 1 lot
When USD/JPY is 150.00, the trade value of 1 lot (100,000 units) is JPY 15,000,000. A move of 1 pip equals JPY 1,000. Using the formula above, the table shows the margin room at each leverage.
| Leverage | Required margin | Margin level at start | Floating loss until stop-out |
|---|---|---|---|
| 1:2000 | JPY 7,500 | about 1,333% | JPY 98,500 (about 98.5 pips) |
| 1:1000 | JPY 15,000 | about 667% | JPY 97,000 (about 97 pips) |
| 1:500 | JPY 30,000 | about 333% | JPY 94,000 (about 94 pips) |
※ The equity at which stop-out occurs is "required margin × 20%". At 1:2000, for example, 20% of JPY 7,500 is JPY 1,500.
| Level | Equity at closure | Floating loss that can be absorbed |
|---|---|---|
| 50% (loss cut wording) | JPY 3,750 | JPY 96,250 (about 96.25 pips) |
| 30% (bonus account stop-out) | JPY 2,250 | JPY 97,750 (about 97.75 pips) |
| 20% (stop-out) | JPY 1,500 | JPY 98,500 (about 98.5 pips) |
At 1:2000 or 1:500, 1 pip on 1 lot stays at JPY 1,000. With a JPY 100,000 balance and 1 lot, about 98.5 pips of adverse movement at 1:2000 is the guide for forced closure. High leverage only lets you hold a larger position with less money. It does not widen the range you can withstand.
Leverage drops temporarily around economic releases and weekends
Monaxa has a mechanism called Higher Margin Requirements (HMR). Around key events, it temporarily limits the maximum leverage available for new positions.
| Event | Max 1:500 from | Max 1:200 from | Back to normal |
|---|---|---|---|
| Key USD economic releases | 15 minutes before the release | 5 minutes before the release | 5 minutes after the release |
| Daily rollover | 45 minutes before | 15 minutes before | 1 minute before |
| Weekend (Friday market close) | 1 hour before | 30 minutes before | 1 minute before the close |
※ Only newly opened positions are limited. The official site advises checking the exact times for each instrument on the trading platform.
If you plan to add positions, note that required margin rises just before releases and weekends. Without spare margin level, you may not be able to open additional positions.
Monaxa bonus accounts have a different stop-out and leverage
| Item | Regular account | Bonus account |
|---|---|---|
| Maximum leverage | 1:2000 (Cent is 1:1000) | Up to 1:500 to 1:50 depending on the instrument and lots held |
| Stop-out | 20% | 30% |
| Treatment of bonus | None | All or part is removed automatically if the balance turns negative or stop-out is reached |
※ This applies to Lifetime Bonus accounts and Welcome Bonus accounts. The English version of the terms prevails.
You cannot trade a bonus account the same way as a regular account. The stop-out is higher at 30%, and leverage is capped lower. Check the terms and your account area to see how trading-only bonus credit counts toward the margin level.
Monaxa bonuses: 30% Lifetime and USD 50 Welcome terms and withdrawal rules →
4 checks to avoid a loss cut at Monaxa
- 01Set the lot size from your balance
First work out what share of your balance the expected adverse move would cost, as "adverse move × value of 1 pip". 1 lot is about JPY 1,000 per pip (USD/JPY).
- 02Decide a margin level target
Manage well above the 50% loss cut wording, not the 20% stop-out. When the margin level starts to fall, reduce your lot size.
- 03Leave room before releases and weekends
Leverage for new positions drops before releases and market close. If you plan to add positions, do it beforehand.
- 04Trust the display on your own account first
Ratios and levels change with account, instrument, balance and timing. After opening an account, always check your account area and trading platform.
Monaxa's official home page states that 79.9% of retail investor accounts lose money (checked 17 October 2026). Even with zero-cut, you can lose the funds you deposit. Trade only with money you can afford to lose.
Monaxa account types, spreads and minimum deposit compared →
Overseas FX leverage compared: 1:2000 and unlimited brokers and their limits →
Frequently asked questions
Q. What is the maximum leverage at Monaxa?
A. Standard, Pro and Zero are up to 1:2000, and Cent is up to 1:1000 (official account types page, checked 2 September 2026). 1:2000 is the cap for low-volatility instruments. Actual leverage changes with account type, instrument, balance and trading volume.
Q. What is the Monaxa loss cut level?
A. The official figures are loss cut 50% and stop-out 20%. No official page explains what happens when the level reaches 50%. Check your trading platform and Monaxa's terms.
Q. At what percentage does Monaxa stop-out happen?
A. On regular accounts, positions are force-closed when the margin level falls below 20%. Bonus accounts (Lifetime Bonus and Welcome Bonus) use 30%. The margin level is calculated as equity ÷ required margin × 100.
Q. Is Monaxa 1:2000 leverage always available?
A. Not necessarily. The official site says the maximum is the cap for low-volatility instruments and changes with account type, instrument, balance and trading volume. Around economic releases and weekends, new positions are limited to a maximum of 1:500 or 1:200.
Q. Does Monaxa have zero-cut protection?
A. The official account types page states that no account can lose more than the amount deposited. Check the terms for conditions and exceptions. Even with zero-cut, you can lose the funds you deposit.
Q. Is the leverage on a Monaxa bonus account the same as a regular account?
A. No. Bonus accounts are capped in steps from a maximum of 1:500 down to 1:50, depending on the instrument and lots held. The stop-out is also 30% (terms checked 2 September 2026).
Sources and conditions
- Official Monaxa: account types (Japanese page, checked 2 September 2026) →
- Official Monaxa: leverage (Japanese page, checked 17 October 2026) →
- Official Monaxa: Higher Margin Requirements, HMR (Japanese page, checked 17 October 2026) →
- Official Monaxa: promotion and bonus (checked 2 September 2026) →
- Official Monaxa: home page (Japanese page, checked 17 October 2026) →
- Monaxa account types and offers on this site →
- Advertising disclosure and risk warning →
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