Moneta Markets Broker Review

Moneta Markets is a forex broker and was founded in 2020. Moneta Markets, headquartered in the Cayman Islands, is a new trading platform created by the reputable Vantage International Group Limited (VIG).

Despite being in its early days, the amount of interest Moneta Markets generates is highly remarkable because its parent company, Vantage International Group, is a well-known operating company with more than a decade of experience.

If you are looking to trade with Moneta Markets, then consider this review first.

You can find our transparent Moneta Markets review below. Broker reviews are updated frequently!

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Moneta Markets Regulation

As a Vantage International Group Limited subsidiary, Moneta Markets is authorised and regulated by the Vanuatu Financial Services Commission (VFSC) and the Cayman Islands Monetary Authority (CIMA); Moneta Markets is a trading name of Vantage Global Limited.

Reliability

Moneta Markets reputation can be measured by its relationship with AA rated National Australia Bank, which provides security by holding client funds in segregated accounts, and the negative balance protection cover for clients’ accounts.

Additionally, the organisation takes information security seriously, as seen by its stringent security and compliance standards. Furthermore, the broker provides professional indemnity insurance.

Moneta Markets Tradeable products

Designed for ease of use with a best-in-class trading platform, Moneta Markets offers its coverage to users to trade on more than 300+ tradable platforms spanning forex, indices, commodities, shares, and cryptocurrencies.

With an offering of over 45 currency pairs to choose from, Moneta Markets also provides 15 widely known trading commodities, 15 index CFDs, and 185 equity CFDs across four major stock markets.

Moneta Markets Account types

Moneta Markets offers investors three different account types to choose from, called Moneta STP, Moneta ECN and Moneta Prime, and Demo accounts. In addition, Islamic-friendly trading accounts are also available.

With these three options to choose from, the cost will depend on the type of account the investor chooses to start with. For example, while the Moneta STP and Moneta Prime are commission-free, the Moneta ECN provides tighter spreads with a commission of $6 per round-turn lot.

With an expiry date of 30 days, the Demo account provides valuable learning opportunities and the know-how of the market and trading. In addition, new users can opt for a practice account to familiarise themselves with the trading environment and practice their trading skills. The Demo account provides a great experience.

Average Standard Account Spreads on Majors

• EUR/USD: 0.0
• GBP/USD: 0.3
• USD/JPY: 0.3
• AUD/USD: 0.0

Opening an account

The account can be opened in just a few simple steps:

• Enter full name, country, and phone.
• Enter the email, password, country of residence, and date of birth.
• Choose the currency you prefer.
• Enter your financial details.
• Submit proof of identity (passport, NIC, or Driving License)
• Submit proof of residence (utility bill or bank statement – not more than three months old).
• Proof of payment for bank transfers (transfer receipt).

Account currency

Moneta Markets allows nine different base currencies to choose from. These are USD, EUR, AUD, GBP, SGD, CAD, NZD, JPY and HKD. Unfortunately, as a South African, you cannot open an account in ZAR.

Trading platform

For maximum convenience to its clients, Moneta Markets offers its users highly acclaimed three trading platforms: MT4, MT5, and WebTrader.

Moneta Markets recently introduced MT4 and MT5 platforms that provide users with market trading tools with exceptional features such as advanced charting features, automated trading services and built-in support, all designed to help users maximise their performance.

The MT4 and MT5 platforms are the best fit for active and experienced forex traders to have the tools they need to start trading. The platforms also provide a more comprehensive and downloadable option to the broker’s proprietary web-based solution. It is also MT4, and MT5 built for native Mac platforms for Mac users.

The Moneta Markets’ next-generation WebTrader platform provides users with an easy-to-open account and integrated features such as deposits and withdrawals, all with a click of a button.

The platform is an all-in-one solution, offering users account management in addition to trading, all from the same dashboard. The WebTrader has a built-in Client Portal, where traders can enjoy easy deposits and withdrawals with just a few clicks. It provides all the critical features needed for agile trading. It includes six chart types, nine timeframes Real-time calculator, over 40+ built-in indicators.

Moneta Markets also offers clients the ability to do round-the-clock mobile app trading. In addition, the app offers the same trading features on the web platform.

Moneta Markets Commissions and fees

With an option of different accounts to choose from, Moneta STP and Moneta Prime accounts offer spreads from as low as 1.2 pips and 0.4 pips and are commission-free. In contrast, the Moneta ECN offer spreads from as low as 0.0; it is commission-based and charges $3 per lot per side or $6 per round-turn.

Overnight financing or swap fees are imposed on positions that remain open overnight (22:00) GMT for non-Islamic accounts. For example, a three-day swap charge will be assessed on Wednesdays if a position is held over the weekend.

In addition, there are no account inactivity fees charged by the broker.

Leverage

Moneta Markets offers traders to capitalise on market momentum around the clock with leverage up to 1:500. However, the maximum leverage offered depends on the financial instrument being traded.

For example, for precious metals and forex, the broker offers maximum leverage of 1:500, while for stocks, it is 1:20.

Deposits and Withdrawals

Moneta Markets offers its users free deposit/withdrawal cash choices in numerous currencies via debit/credit card, bank wires, Skrill, Neteller, FasaPay, JCB, and many cryptocurrencies such as BTC and ETH.

All processes are free of fee and are instant, except for bank transfer which may take 1-3 working days between Monday to Friday from 9 am – 7 pm (GMT+10) and may include some charges depending upon the client’s bank, deductible from the withdrawal. The Bitcoin method can also take up to 1 working day time and is free of charge.

International bank wire transfers are subject to a fee of at least 20 units of the account’s base currency.

Funds can also be withdrawn back to credit cards, cryptocurrency, Skrill and Neteller, but only if deposited that way.

Education and Research

Moneta Markets hosts a wide range of educational tools and trading research, including a Market Masters course which is a comprehensive course covering multiple asset classes, e.g., forex, trading, and stock markets for beginners, as well as an introduction to technical and fundamental analysis of a variety of trading techniques. In addition, the course features over 100+ videos offering to develop the trading skills needed.

To gain access to the Master’s course, the user must have a live and funded trading account of $500 or more.

Moneta Markers hosts 3 Web Trader Platform Tutorials, which explains how to place a new market order, place a pending order, and add an indicator.

Moneta Markets also provides daily informational updates of global financial markets on its website through MonetaTV to allow users access to daily economic insights, financial information, and trading ideas.

Moneta Markets provides a great market sentiment tool that shows the percentage of Moneta clients who are long or short on specific trading assets. The market sentiment tool is a good way to gauge the sentiment and the overall attitude and strategy of different traders toward a particular security or financial market.

Customer Service

Moneta Markets offers a dedicated, exceptional multilingual (English, Mandarin, German, French, Italian, Spanish) customer support team available 24/5 via phone, email and live chat. In addition, there is a frequently asked questions (FAQ) section on the website, which can be found under the ‘Client’ section.

The customer service also provides support via TeamViewer by connecting to clients’ PC or Mac.

Bonuses and Promotions

Moneta Markets offers attractive bonuses such as a 50% deposit bonus if the amount deposited in the trading accounts is $500 or more. This offer is available to both new and existing users by completing the opt-in form on the website. The offer can be used more than once.

New deals and promos are constantly available on the website, and traders should check them often.

Special features

Moneta Markets offers DupliTrade, providing clients with a copy-trading service of proprietary traders, which automatically duplicated all the trades of the selected traders to Moneta clients. It requires a minimum account deposit of $2,000.

Additionally, traders gain exclusive access to thousands of trading tools and strategies within the client portal, including live signals, analysis, research, and many more. This is available for traders who fund their accounts with a minimum of $500.

Moneta Markets South Africa

Moneta Markets also operates in South African markets, and one can easily open an account if they choose to trade with Moneta. However, it doesn’t allow you to open an account in ZAR.

Affiliate program

The Moneta Markets partnership program is designed for partners like introducing brokers, White Label partnerships and refer a friend program.

Join the FP Markets IB Affiliate Program: Join Now & Earn

Our verdict

From our observations, Moneta Markets offers high leverage, easy-to-use trading platform with its competitive service and commission-free trading options. Moreover, its ultra-tight spreads in over 300+ markets across forex, indices, commodities, shares and cryptocurrencies allow users to trade efficiently through its proprietary WebTrader platform or the globally recognised MetaTrader 4 and 5 platforms with advanced tools.

Clients can choose either commission-free or commission-based account types with competitive spreads with its simple open account process. Funds can be deposited with no additional fees, including a whole range of popular payment methods. However, withdrawals can only be made through bank transfer, including certain charges depending upon the Clients’ bank.

An attractive bonus policy for its clients, such as the 50% deposit bonus, increases the funds available for a client to trade with. This is beneficial to those traders with smaller account sizes.

The broker provides tons of up-to-date, step-by-step and detailed research, strategic, informative, and educational materials informative for all traders.

Overall, Moneta Markets is a regulated and straight-through processing broker with a solid trading service and has gained a strong reputation.

Although the broker is currently only regulated in one jurisdiction, this is expected to change as Moneta Markets expands.

The broker has quickly established itself in the market in a short period. The trading platforms offered by Moneta deliver top-of-the-line features, financial information, market analysis, and much more helps traders maximise performance and trade efficiently using a wide range of assets.

Adding to the appeal for investors, Moneta provides further security by holding client’s funds in segregated accounts from company accounts.

Bottom line

Although Moneta Markets is a new brokerage, its parent company, Vantage International Group Limited, has been operational for over a decade. And it is well-known.

Overall, the brand is focused on creating value from setting up an account to the onboarding process, from investing through to funding, from trade decision-making to withdrawal process. This is done using advanced trading tools and strategies, solid educational materials, and great customer service. In addition, Moneta Markets is focused on positioning clients for investing success.

Feel free to try Moneta Markets, as the broker offers some of the lowest spreads in the industry.

We value your feedback: Rate this broker by leaving a comment and rating below this review.

Broker FAQ

Thinking of Trading with Moneta Markets?

What is Moneta Markets’s minimum deposit?

The minimum deposit from opening an account with Moneta Markets is $50.

How do I deposit/withdraw from the Moneta Markets account?

You can deposit/withdraw funds through debit/credit card, bank wire transfers, Skrill, Neteller, FasaPay, JCB, and cryptocurrencies

Are Moneta Markets spreads high?

Moneta Markets offers competitive spreads.

What is the maximum leverage at Moneta Markets?

The maximum leverage is 1:500.

Does Moneta Markets use MetaTrader?

Yes, Metatrader 4 and 5.

Is Moneta Markets available in South Africa?

Yes, Moneta Markets is available for South African traders.

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