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.

This
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.