Monex
Sarwa
VS
Higher Rated
Monex
Capital at risk · T&Cs apply
Choosing between Monex and Sarwa depends on your trading style, preferred markets, and budget. Monex is headquartered in Tokyo, Japan, while Sarwa operates from Dubai, UAE. Monex has the longer track record, established in 1999, compared to Sarwa which was founded in 2017. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Monex
Sarwa
| Monex | Sarwa | |
|---|---|---|
| BrokerRank Score | 3.4/5 ✓ | 3.3/5 |
| Min. Deposit | $0 ✓ | $500 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:3 ✓ | 1:1 |
| Regulation | FSA, SEC | DFSA, SEC |
| Platforms | Proprietary Web, Proprietary Mobile, TradeStation JP | Proprietary Web, Proprietary Mobile |
Monex is the better choice overall, scoring 3.4/5 vs 3.3/5 on BrokerRank's independent rating. On fees, Monex offers lower spreads (0 pips).
See full side-by-side comparison belowMonex
WinnerSarwa
Monex
Sarwa
Lower feesMonex holds licences from SEC, FSA. Sarwa is regulated by SEC, DFSA.
Both brokers offer access to Stocks, Etf, Crypto markets. Monex additionally covers Forex.
Monex supports Proprietary Web, Proprietary Mobile, TradeStation JP. Sarwa offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Monex requires no minimum deposit, while Sarwa sets a minimum deposit of $500. This makes Monex accessible to traders with any budget.
BrokerRank scores Monex at 3.42/5 and Sarwa at 3.34/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Monex leads overall with a clear advantage.
Monex
3.4/5
Choose Monex if you want…
Sarwa
3.3/5
Choose Sarwa if you want…
Monex scores higher overall on our independent rating system. Monex holds a 3.4/5 rating vs Sarwa's 3.3/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Monex offers spreads from 0 pips, while Sarwa starts at 0 pips. Check the fees section above for a full breakdown.
Monex requires a minimum deposit of $0. Sarwa requires $500.
Monex is regulated by FSA, SEC, while Sarwa holds licences from DFSA, SEC.
Monex supports Proprietary Web, Proprietary Mobile, TradeStation JP. Sarwa supports Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.