When comparing Monkey X vs Panda3D, the Slant community recommends Panda3D for most people. In the question“What are the best 100% free and easy game engines for beginners?” Panda3D is ranked 6th while Monkey X is ranked 23rd. The most important reason people chose Panda3D is:
The liberal license allows use of the engine for any purpose without restrictions or royalties.
Specs
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Pros

Pro Native code support
Developers can make native calls directly from Monkey code. This allows access to any native functionality and platform-specific features.
Pro Native module support
You are not restricted only to the modules you get from the official release. You can build your own stuff. Even build your own "app" module. It feels limitless. In comparison with other cross platform solutions, you actually get the translated source code and you can play with it if you want.
Pro Built-in modules for quickly building games
Monkey X has a selection of great built-in modules.
- Graphics
- Audio
- Input
- Data and Filesystems
- Networking
- Math
- Text and Strings
- Collections
- Online Services
Pro You can create custom targets
The language gives you the possibility to build your own targets. You are not limited to the targets officially supported.
Pro Low cost license fee
All target platforms for a fair one off license fee.
Pro Easy to learn
With it's Object orientation and clean syntax its a brilliant language to learn if you have never done any programming before and yet still has all the power it needs to make full games and apps.
Pro Uses a great, easy to learn language
Monkey X uses a custom programming language (called Monkey) for all its scripting needs. Monkey is rather easy to learn, it's object-oriented which will help most programmers with understanding it. It's also statically typed and uses a garbage collector, helping to avoid manual memory management.
Pro Partly open-source
The entirety of the base-language itself is open source. Commercial modules such as Mojo for non-free platforms cost a one-time fee. Though Mojo is not free for all targets, the targets for these platforms are, meaning it is possible to implement other frameworks for these targets.
The Desktop (GLFW and C++ based) and HTML5 implementations of Mojo are currently free and open source.
The language's development is completely public, and is managed via GitHub.
Pro Free HTML5 and Desktop (GLFW) target platform
The free version of Monkey X lets you compile to HTML5 or Desktop (GLFW). Other platforms such as iOS, Android (and OUYA), XNA, Flash and Windows 8 (Phone) require the paid version of Monkey X Pro.
Pro Cross-platform
Monkey X is a cross-platform game engine. It allows developers to run the same code on multiple platforms, including iOS, Android, Windows Mobile, Flash, Windows, Mac OS and Linux.
The development environment supports Windows, OS X, and Linux.

Pro Not running in its own VM
Unlike other multi-platform engines (Unity3D, Corona, etc), Monkey-X games do not run explicitly in their own virtual machines. Your code is translated into the native languages of each target platform, and then compiled as a native executable. However, just as native games, on platforms such as Android (Currently), and HTML5, games will be ran through the targeted platform's usual VM(s). That being said, you won't be dealing with a proprietary virtual machine, so you won't experience any real overhead when compared to a native game.

Pro Made by the Mark Sibly Factor
The Mark Sibly Factor denotes that a programming language will be easy to learn, fun to learn and allow any age group ( within Cognitive Reason ) to program games and great games. The Mark Sibly Factor denotes also that the games programming language you purchase will be backed by decades of compiler programming experience, game making tool programming and finally a Game Programming Language that kicks Ass.
Pro Free for commercial releases
With the free version of Monkey you are still able to create commercial HTML5 and Desktop games.

Pro Many community modules available
The community has created essential modules:
- Spine for animations
- Box2D and Chipmunk for physics
- Game frameworks such as Ignition, fantomEngine, and Flixel
- Diddy for lots of extra functionality
- FontMachine for custom bitmap fonts
- MiniB3D for 3D gaming
- And several others...

Pro Drawing Commands
Drawing commands are easier to read and edit than is manipulating scene graphs. You can immediately see in your code what's going to be drawn and in what order. Transformations are a no-brainer too.
Pro Lots of great examples
Monkey X includes over 50 examples ranging from complete sample games to demos of single features.
Pro Object oriented programming
MonkeyX is an object-oriented dialect of BASIC that's easy, clean and powerful.

Pro Free, open-source, and permissive license
The liberal license allows use of the engine for any purpose without restrictions or royalties.

Pro Will be very easy for developers already familiar with Python
Although it's possible to use only C++ to program in Panda3D, all its power is available to the Python scripting language, while not trading in performance since the performance-critical parts are implemented in C++.
It has a powerful binding layer that exposes the vast majority of the API via Python-based interfaces.

Pro Supports most popular physics engines
Panda3D has in-depth integration with industry standard physics engines such as Bullet, NVIDIA PhysX and ODE, but also offers a simpler built-in physics engines that will cover more basic needs.

Pro Flexible scene and object hierarchy system
Creating weird world constructs is generally a breeze. The node system the engine runs with allows to build self-looping worlds and, on large scale, non-Euclidean scenes without having to introduce a huge amount of custom code.

Pro Powerful profiling and debugging tools
Panda3D has a suite of powerful tools to help track down performance bottlenecks, memory leaks and examine internal state.

Pro Supports browser deployment
Panda3D offers web plug-ins that allow deployment of an application to all major browsers. A WebGL port is in the works as well.
Cons

Con You'll have to learn a new programming language
Even though Monkey is rather easy to learn and borrows a lot of concepts from more popular languages, having to learn a new language develop games is a lot of friction for people that already know how to program in other languages..

Con The documentation is not very thorough
The documentation contains a reasonably detailed language overview, and a somewhat-generated list of the included modules, classes, and methods. Module descriptions are rather lax, but usually present. Method descriptions tend to be short, and a majority of them contain no usage snippets; most parameters have very minimal descriptions. And there are no community collaboration features to help improve it, besides GitHub.
Con The included IDE is poor
Although better IDE'S are availabe for a price, the default one is bare bones and lacks functionality
Con No real asset store
Untangling how to keep assets in the ".data" requires attention and a filenaming convention.
Con limited OS export targets with free version
Free version only targets Desktop (macOS, Windows, Linux) and HTML5, not mobile.
Con No unified editing program
Unlike Unity and Unreal, Panda3D doesn't currently offer a single, unified editing program in which objects can simply be dragged in and assigned properties (although third-party solutions are available). Developers are expected to design their scenes in a modelling program like Maya or Blender instead, and import them into Panda3D using Python code.
Con Limited tutorial
Step by step tutorial is limited. Manual is too general and short without examples. Samples are too complex for beginners.

Con Direct3D support is behind
Direct3D support not up to par with OpenGL support, only version 9 is supported.
Con Terrible compilers support
Does not support any other compilers then MSVC on Windows, neither Clang nor MinGW.
Con Developer isn't very competent
Panda3D only has one developer and he utterly fails to fix problems with his engine, instead focuses on style guidelines and breaking code.
Con Loading Pandas3d will change your builtins to contain non explicit references to non-standard helper functions
A lot of the pollution comes from storing global state. Instead, you can store and update the global state of a namespace instead. As for the built-in pollution, you can make a wrapper that backs up builtins, imports pandas and then restores builtins, though this may not work as pandas almost certainly uses it's extra builtins to work. The best thing to do would be to explicitly import the same objects that are in the builtins over the top of the modified builtin namespace, although it doesn't remove the code smell, it helps to make things look less (if not at all) magic.
