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Moneta Markets Review 2022

Updated:
4.4
Trust
3.1
Fees
4.9
Platforms and Tools
4.6
Customer Support
4.7
Tradable Instruments
4.7
Account Types and Terms
4.9
Deposit and Withdrawal
4.9
Research
5.0
Education
4.4

Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. Please read our legal documents and ensure that you fully understand the risks before you make any trading decisions.

While we adhere to strict editorial integrity, this page may refer to our partners' products. Here's how we make money.Learn how we make money and our review methodology.

Please note: In this review, we focused on the services provided by Moneta LLC (monetamarkets.com), the broker’s unregulated entity, registered with Saint Vincent and the Grenadines Financial Services Authority. We conducted our tests using a Direct STP account and the MetaTrader 4 platform. Some features and services may vary depending on where you reside.

The Big Picture

Moneta Markets was founded in 2009 as a Vantage International Group LTD subsidiary by a highly-specialized team with backgrounds in finance, global markets, and technology. It has since evolved to become an independent brand, launched in 2020. According to the company website, Moneta Markets handles an average trading volume in excess of $100 billion monthly and has over 70,000 clients globally.

Moneta Markets offers trading in CFDs on forex, shares, ETFs, commodities, indices, and cryptocurrencies. Available platforms include MetaTrader 4, MetaTrader 5, and the Pro Trader platform powered by TradingView. Currently, most clients are directed to the unregulated global entity, Moneta LLC, which is registered with the St. Vincent & the Grenadines Financial Services Authority (FSA). Moneta Markets takes clients from most countries, but traders from the US and UK,  are currently not eligible.

Key Takeaways in 2022

  • We evaluated Moneta Markets across nine categories (Trust/Stability, Fees, Tradable Instruments, Account Types, Deposit/Withdrawal, Research, Customer Support, Education, Platform/Tools).
  • Moneta Markets excelled in the category of fees with tight spreads and minimal account-related fees. Research is another area of strength, with quality in-house and third-party materials available.
  • We found room for improvement in regulatory oversight.
  • Beginners can benefit from the user-friendly Pro Trader platform, demo accounts, and an in-depth course on trading.
  • Experienced traders can take advantage of MetaTrader’s advanced features along with the low trading costs of the ECN account type – a strong combination for scalpers and algorithmic traders.

What Sets Moneta Markets Apart from Other Brokers?

Trading costs are a crucial component for serious traders, and Moneta Markets has kept these to a minimum. Another area where Moneta Markets distinguishes itself is in the wide range of available tools, including free VPS hosting, copy trading, and trade ideas and setups.

What types of traders are a good fit for Moneta Markets?

Moneta Markets can cater well to both beginners and advanced traders. Newcomers to the markets can benefit from demo accounts, live trading with micro lots, attentive customer support, and the intuitive interface of the Pro Trader platform. Sophisticated traders can access the powerful MetaTrader platforms and competitive spreads/commissions with the Prime ECN account.

Moneta Markets Pros and Cons

Pros Cons
  • Good choice of trading platforms.
  • Competitive spreads and trading costs.
  • Reliable customer service.
  • Strong range of tradable instruments.
  • Variety of account types.
  • Free Virtual Private Server (VPS).
  • Wide range of tools.
  • Lack of regulatory oversight in the global entity.
  • Does not accept clients from the US and UK.

 

broker

Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. Please read our legal documents and ensure that you fully understand the risks before you make any trading decisions.

 

About the Author

Dan Blystone
Starting his career in finance on the floor of the Chicago Mercantile Exchange, Dan later gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. Dan also traded at a couple of different prop trading firms in Chicago.
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How Do We Rate?

When trading forex and CFDs, it is crucial to know a broker's strengths and weaknesses. That is why FX Empire developed its proprietary rating system. We put the knowledge and expertise of our reviewers to work to bring you the most suitable brokers. A total of 200 variables have been analyzed to help you choose your broker wisely. This chart describes all the categories we evaluated and rated.
How Do We Rate Chart
Visit our methodology page to learn more about our review and rating process.
Moneta Markets Main Features
☑️
Regulations
ASIC (Australia), FSCA (South Africa), SVGFSA (Saint Vincent and the Grenadines)
🗺
Supported Languages
English, Spanish, German, French, Chinese, Italian
💰
Products (CFD)
Currencies, Commodities, Indices, Stocks, Crypto
💵
Min Deposit
$50
💹
Max Leverage
1:30 (ASIC), 1:500 (FSCA), 1:500 (SVGFSA)
🖥
Trading Desk Type
STP
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Check if...
unknownMoneta Markets accepts clients from your country:
Choose your country:

Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. Please read our legal documents and ensure that you fully understand the risks before you make any trading decisions.

Moneta Markets Full Review

Trust

3.1
How Do We Test A Broker's Trust?
When choosing a broker, trustworthiness is one of the most important things to keep in mind. Always check the broker's regulations, know how financially secure the firm is, and find out whether the broker is transparent and reliable. These factors, calculated into our score, will help you understand if your money is safe.

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Moneta Markets has entities regulated by ASIC (Tier 1), FSCA (Tier 2), and SVGFSA (unregulated). Currently, most clients are directed to the global Saint Vincent and the Grenadines-based entity, which has no regulatory oversight.

St. Vincent & the Grenadines Financial Services Authority (SVGFSA)
St. Vincent & the Grenadines Financial Services Authority (SVGFSA)

This section will cover how the different entities of Moneta Markets are regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust.

  • Moneta Markets is a trading name of Moneta LLC, registered with Saint Vincent and the Grenadines Financial Services Authority (SVGFSA), with registration number 2052 LLC 2022. We rate brokers registered with Saint Vincent and the Grenadines Financial Services Authority as unregulated.
  • Moneta Markets Pty Ltd is a corporate authorized representative (CAR number 001298177) of AGC Capital Securities Pty Ltd who is authorized and regulated by the Australian Securities & Investments Commission (ASIC) and holds an Australia Financial Service License (AFSL number 481024). We rate ASIC as a tier 1 regulator.
  • Moneta Markets is a trading name of Moneta Markets South Africa (Pty) Ltd, an authorized Financial Service Provider (FSP) registered and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa under license number 47490. We rate the FSCA as a tier 2 regulator.

Why is it important to know where your broker subsidiary (entity) is regulated?

While Moneta Markets has three entities, currently most clients are directed to the offshore Moneta LLC entity, which is unregulated.

Different regulators provide different levels of protection. Depending on the jurisdiction, regulated entities may have minimum capital requirements, restrictions on leverage, and requirements relating to segregated funds and negative balance protection. In some cases, regulated entities have compensation funds to compensate clients in the event of broker insolvency.

The table below breaks down the protections offered by Moneta Markets.

Entity Moneta LLC Moneta Markets Pty Ltd Moneta Markets South Africa (Pty) Ltd
Country/Region Global Australia South Africa
Registration SVGFSA ASIC FSCA
Segregated Funds Yes Yes Yes
Negative Balance Protection Yes Yes Yes
Compensation Scheme No No No
Standard Leverage 1:500 1:30 1:400

Moneta Markets states on their website that all client funds are fully segregated in a trust account held with the AA-rated National Australia Bank and that client trading accounts are covered by negative balance protection. Negative balance protection ensures that clients cannot lose more than their account balance. In addition, Moneta Markets claims that it is subject to strict regulatory compliance audits, and regular accounting audits and has complete indemnity insurance.

We gathered the data listed above in September 2022.

Stability and Transparency

In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focus on how long the broker has been in business, the size of the company, and how transparent it is in terms of readily available information.

Moneta Markets launched in 2020 as an independent brand, making it relatively new. However, the team brings over a decade of experience as a subsidiary of Vantage International Group LTD. According to the company page on LinkedIn, the Kingstown, Saint Vincent and the Grenadines-based broker has 201-500 employees. The depth of experience and scale of the brokerage operation reflect well on Moneta Markets.

In our research, Moneta showed a mixed level of transparency in its regulatory status. A listing of all entities and regulators is in the website’s footer, but it was not clear that the offshore entity is where all clients are currently directed. Even during the registration process, it was not obvious that the account was being opened at the unregulated entity.

Trading costs such as swap rates, spreads, and commissions are clearly explained on the Spreads and Commissions page. The Client Agreement can easily be found on the Legal Documents page. The About Us page does a good job of sharing company statistics but could be clearer on when the company was founded and its origins as part of Vantage Global Limited.

Overall, we rate Moneta Markets as having a good level of transparency in most areas. More clarity on the fact that the ASIC and FSCA entities are currently inactive, and their history as part of Vantage International Group LTD would be an improvement.

Fees

4.9
How Do We Test A Broker's Fees?
Broker fees can be difficult to understand. We test the broker's platforms and examine commissions, spreads, and overnight fees to ensure that you can determine if trading with this broker is worth your time and money.

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Moneta Markets excels in the fees category, with competitive spreads available in the Direct STP account and even more competitive trading costs via the Prime ECN account. In addition, Moneta Markets keeps account-related expenses to a minimum with no inactivity fees.

Trading Fees

We tested the spreads at Moneta Markets across different asset classes using the MetaTrader 4 platform. The test was done at 8 AM and at 4 PM GMT on 15 September 2022. Tests were conducted at different times to allow greater perspective.

Instrument Spread AM Spread PM
EUR/USD 1.3 Pips 1.2 Pips
GBP/JPY 2.2 Pips 2.2 Pips
Gold 16 Pips 16 Pips
Light Crude Oil 1.8 Pips 1.5 Pips
Apple n/a 41 Cents
Tesla n/a 44 Cents
Dow 30 1.3 Pip 1 Pip
Dax 40 0.5 Pip 0.5 Pip

Spreads were especially competitive in CFDs on indices and commodities.

Commissions

Using the Moneta Markets Prime ECN account, spreads are tighter but commissions are charged in some instances.

CFD Instrument Type ECN Minimum Spread Commission per 1 lot (100,000 base currency)
Forex 0.10 $6 Round Trip
Indices 0.00 $0 Round Trip
Commodities 2.90 $0 Round Trip
Crypto 10.00 $0 Round Trip
CFD Instrument Type ECN Minimum Spread Commission per 1 lot (100,000 base currency)
Forex 0.10 $6 Round Trip
Indices 0.00 $0 Round Trip
Commodities 2.90 $0 Round Trip

Commissions are competitive overall and help to substantially bring down costs for active traders.

Swap Fees

Swap fees (the cost of holding a position overnight) were average at Moneta Markets.

In the table below, you can see the Swap Long (the cost/credit of holding a buy position overnight) and the Swap Short (the cost/credit of maintaining a sell position overnight) for one full-sized contract. A full-sized contract is 100,000 units of the base currency (the first currency quoted in the pair). We recorded the data on 15 September 2022.

Instrument Swap Long Swap Short
EUR/USD Charge of $9.67 Credit of $4.27
GBP/JPY Credit of $5.57 Charge of $12.90

Non-Trading Fees

Unlike most CFD brokers, Moneta Markets does not charge inactivity fees.

Are Fees at Moneta Markets Competitive?

Overall we rate the fees at Moneta Markets as competitive and better than the industry average.

Platforms and Tools

4.6
How Do We Test A Broker's Platforms and Tools?
Platforms are where you trade, so they must be secure, fast, and accessible while offering you the tools you need to succeed. Each broker's desktop, web, and mobile platforms are evaluated according to the order types, speed of execution, ease of use, and other 'need to know' features.

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Moneta Markets offers the popular MetaTrader 4 and MetaTrader 5 platforms along with the Pro Trader platform powered by TradingView. MetaTrader has advanced functionality including algorithmic trading capability, while Pro Trader combines a robust range of features with a user-friendly interface.

MetaTrader 4 Desktop
MetaTrader 4 Desktop

MetaTrader 4 Desktop

Moneta Markets offers MetaTrader 4 and MetaTrader 5 for desktop, which include advanced functions such as copy trading and automated trading.

MetaTrader 4 is available in 39 languages, from Arabic to Vietnamese. The platform provides popular features such as:

  • Alerts. This feature allows traders to be updated when an instrument reaches a specific price level. Alerts can be delivered via audio, email, or push notification to a mobile device.
  • Watchlists. Traders can set up a list of their favorite instruments and follow live quotes in a panel called Market Watch.
  • One-click trading. This feature allows traders to execute orders with a single click and no secondary confirmation. Being able to place a trade with a single click saves time and is especially useful for short-term traders.
  • Trading from the chart. MT4 also allows users the convenience of trading directly from the chart.
MetaTrader 4 Order Entry
MetaTrader 4 Order Entry

MetaTrader also delivers when it comes to the range of order types that are available. The platform offers the following order types:

  • Market Order. This is an order to buy or sell an instrument at the current best available price.
  • Limit Order. This is an order to buy or sell an instrument at a specified price or better.
  • Stop Loss Order. This is an order to buy or sell an instrument that is triggered when the price reaches a specified level.
  • Trailing Stop Order. This is a stop loss order that can be set at a defined percentage or dollar amount away from an instrument’s current market price. It is used to secure profits when you are in a winning trade, while not having to exit the position.
MetaTrader 4 Charts
MetaTrader 4 Charts

Charting features are robust. MetaTrader 4 offers:

  • 30 technical indicators. These include classic trend indicators, volume indicators, and oscillators.
  • 23 analytical objects. These include lines, channels, Gann, and Fibonacci tools.
  • 9-time frames. Each instrument can be displayed in nine-time frames, from one minute to one month.
  • 3 chart types. Traders can choose between Bar Charts, Japanese Candlestick Charts, and Line Charts.

MetaTrader is also popular due to its copy trading and automated trading features:

  • Trading Signals. Signals in MetaTrader 4 allow users to automatically copy the activity of other traders in real-time.
  • Automated trading. MetaTrader 4 allows users to develop, test, and apply Expert Advisors (EAs). EAs are programs that monitor and trade markets using algorithms. They find opportunities according to set parameters and then either create a notification or automatically open a trade.

The MetaTrader 4 desktop platform is one of the most feature-rich and popular trading platforms in the world. It does not have the most intuitive interface and it does require some time and effort to learn, but that is typical of advanced platforms.

Pro Trader Web Platform

Moneta Markets Pro Trader Platform
Moneta Markets Pro Trader Platform

The Pro Trader platform offers 1-click trading, trading from the chart, watchlists, and market news from sources such as Bloomberg, FXStreet, and DailyFX. Open positions and pending orders are easily viewable in the Account Manager area.

Pro Trader Charts
Pro Trader Charts

The market-leading TradingView charts feature 11-time frames, 11 chart types, and over 100 technical indicators. Dozens of drawing tools ranging from basic trend lines to Fibonacci retracements are also available.

The number of available order types is also robust on the ProTrader platform. Market orders, limit orders, stop-loss orders, and trailing stop-loss orders are available. Traders also have the option to apply time in force conditions such as Good-Til-Canceled (GTC).

The Pro Trader platform is both powerful in its functionality and user-friendly thanks to a well-designed interface.

MetaTrader 4 Mobile App

MetaTrader 4 Mobile App
MetaTrader 4 Mobile App

For mobile trading, Moneta Markets offers the MetaTrader 4 mobile app, which is available for Android and iOS. The app offers popular features such as alerts, 1-click trading, and trading from the chart.

The MetaTrader 4 mobile app also provides a broad range of order types including pending and stop-orders. However, trailing stop-loss orders are only available from the desktop. In order to change the language of the MT4 app, you must change the language for your entire phone. As with desktop and web, the interface is not the most intuitive but the MT4 app offers an above-average range of features.

Order Execution

At Moneta Markets, client orders are immediately transmitted to various liquidity providers utilizing straight-through-processing (STP).

Tradable Instruments

4.7
How Do We Test A Broker's Tradable Instruments?
In this section, we check the broker’s market offering and how varied the instruments and asset classes are. It will allow you to check if they offer what you're looking for and what you can trade.

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Moneta Markets shines in the area of tradable instruments, which include 935 CFDs on forex, indices, commodities, shares, ETFs, and cryptocurrencies. The offering is above average for the industry and includes CFDs on futures and soft commodities such as coffee.

CFDs (Contract for Differences) are financial derivative products that allow traders to speculate in various markets without owning the underlying assets. Tradable instruments at Moneta Markets include the following assets:

  • 50 CFDs on currency pairs. A currency pair combines two different currencies, with the value of one currency quoted against the other. For example, EUR/USD reflects the value of the euro measured in dollars.
  • 25 index CFDs. An index is a basket of trading instruments used to gauge a market sector, stocks within an exchange, or a country’s economy.
  • 24 CFDs on commodities. Commodities are raw products, such as gold, oil, and metals.
  • 741 CFDs on stocks (503 US stocks, 138 European stocks, and 100 UK stocks). A stock is a security that represents partial ownership of a corporation. Keep in mind that when trading stock CFDs, you are speculating on the price of a stock without actually taking ownership of the underlying company.
  • 52 CFDs on ETFs. An ETF (exchange-traded) fund is a type of investment fund that trades on an exchange in the same way as stocks.
  • 43 CFDs on cryptocurrencies. Cryptocurrencies, such as Bitcoin, are digital currencies that are secured by cryptography.

In the tables below, you can see a selection highlighting the variety of instruments available at Moneta Markets:

Forex Majors Forex Minor
EUR/USD | GBP/USD | USD/CHF AUD/CHF | GBP/JPY | EUR/NZD
Forex Exotic CFDs on Energies
USD/BRL | USD/MXN | USD/INR Natural Gas | Brent Crude Oil | WTI Crude Oil
CFDs on Metals CFDs on Cryptocurrencies
Gold | Silver | Copper Dogecoin | Bitcoin | Ethereum
CFDs on Indices CFDs on Shares
FTSE 100 | Nasdaq 100 | China 50 Disney | Netflix | Twitter

Customer Support

4.7
How Do We Test A Broker's Customer Support?
Traders tend to underestimate customer support, but it might be a crucial feature in moments of crisis. In our rating, we check the contact methods available, how accessible a live agent is and how helpful the responses are. This information will allow you to know if a broker can provide full support when you need it.

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Moneta Markets provides 24/5 support via live chat, phone, and email. Responses were fast across all mediums, and agents were well-informed and courteous. We rate customer support as above average at Moneta Markets.

We tested customer support with a wide variety of queries, ranging from maximum available leverage to trading-related fees.

Responses were fast, with chat responding immediately, emails typically responded to the same day, and phone calls answered within a couple of rings. The quality of responses was good across all mediums, with well-informed, patient agents delivering the desired answers.

Moneta Markets Chat Support
Moneta Markets Chat Support

We were informed that operators can conduct live chats in multiple languages other than English, thanks to a built-in translation tool.

Moneta Markets support agents can also help clients having issues with MetaTrader or Pro Trader platforms by remotely connecting to their PC or Mac via TeamViewer software. Clients simply need to download TeamViewer for PC or Mac and get in touch with support.

Deposits & Withdrawals

4.9
How Do We Test A Broker's Deposit and Withdrawal?
The deposit or withdrawal process can be a tricky one. You may discover that there are hidden fees, or that withdrawal times are longer than you anticipated. We check these factors and others so you know what to expect when trading with this broker.

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The range of deposit and withdrawal methods at Moneta Markets is good. Traders can transact them via bank wire transfer, Visa, FasaPay, Union Pay, and cryptocurrency. Processing times for deposits and withdrawals are relatively fast compared to other brokers. Moneta Markets does not charge any fees for deposits and withdrawals with the exception of multiple bank wire withdrawals.

In the tables below we break down the fees and processing times for each deposit and withdrawal method.

Deposits

Deposits are free and instantaneous via some methods.

Deposit Method Fees Processing Time
Bank Wire 0% 2-5 Business Days
Visa 0% Instant
Fasapay 0% Instant
Cryptocurrency 0% 1 hour
Union Pay 0% Instant

Withdrawals

Withdrawal Method Fees Processing Time
Bank Wire 0% * 1-2 days
Visa 0% 1-2 days
Fasapay 0% 1-2 days
Cryptocurrency 0% 1-2 days
Union Pay 0% 1-2 days

* Clients have one free bank transfer withdrawal per month. The client’s bank may also charge additional fees to receive the funds. After the initial bank transfer withdrawal within the month, for all additional bank transfer requests, clients are charged 20 units of their account’s base currency as a bank processing fee.

Withdrawals can take between 1-2 days for the internal team at Moneta Markets to verify and process. Once the withdrawal request is approved and the funds are released, it may take an additional 1-5 business days for the funds to be reflected on your bank account balance, depending on your bank.

Clients must withdraw up to the same amount as that of their deposited funds, back to the same source of their origin. Any additional profits gained need to be transferred back using a bank wire transfer to a bank account under the same name as the trading account holder.

Account Types and Terms

4.9
How Do We Test A Broker's Account Types and Terms?
In order to achieve your trading goals, you need to choose the right account. We evaluate each broker's account types, how easy it is to open an account with them, and the steps involved, so you can decide if it is worth your time to open an account.

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The account opening process at Moneta Markets is fully digital and can be completed within minutes via the company website. There are two main account types: Direct STP and Prime ECN. In addition, demo accounts and swap-free accounts are available to clients. The wide range of account types helps accommodate many different trader profiles.

Account Application

To open an individual account at Moneta LLC, prospective clients must answer the following questions.

  • Name.
  • Nationality.
  • Email.
  • Phone number.
  • Date of birth.
  • Place of birth.
  • Identification (National ID, Passport, Drivers License).
  • National ID, passport, or driver’s license number.
  • The country where you officially reside.
  • Address.
  • Whether you are a US citizen for tax purposes.
  • Employment status.
  • Estimated annual income.
  • Estimated savings and investments.
  • Estimated intended deposit.
  • Source of funds.
  • Number of trades per week.
  • Trading amount per week.
  • Choose a trading platform (MetaTrader 4 or MetaTrader 5).
  • Choose an account type (Direct STP or Prime ECN).
  • Choose a base currency (USD, GBP, CAD, EUR, SGD, NZD, HKD, JPY, BRL).

Moneta Markets has two main account types: Direct STP and Prime ECN.

STP is an acronym for straight-through processing, where client orders are routed directly from a broker to liquidity providers without any dealing desk intervention. ECN stands for electronic communications network, and under this execution, method orders are also routed directly to third parties. ECN accounts at CFD brokers typically have tighter spreads but also charge a commission.

The table below breaks down the various features of each account type.

Feature Direct STP Prime ECN
Platform PRO Trader, MetaTrader 4, MetaTrader 5 PRO Trader, MetaTrader 4, MetaTrader 5
Execution Type STP ECN
Minimum Deposit $50 $200
Minimum Volume 0.01 Lot 0.01 Lot
Leverage Up to 1:500 Up to 1:500
Spreads From 1.2 Pips From 0.0 Pips
Commission $0 $3 per lot per side
Account Base Currencies $AUD, $USD, £GBP €EUR, $SGD, $CAD $NZD, ¥JPY, $HKD $AUD, $USD, £GBP €EUR, $SGD, $CAD $NZD, ¥JPY, $HKD
Islamic account Yes Yes
Suitable For Beginners Scalpers & Expert Advisors (EAs)

Demo Accounts

Moneta Markets offers demo accounts for MetaTrader 4 and MetaTrader 5. Demo accounts are especially important for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking any real money.

The demo account features live quotes and simulates live market conditions in assets such as forex and CFDs on commodities, indices, and stocks. Once users are up to speed on a demo account, they can easily switch over to a live account.

Swap Free Accounts (Islamic Account)

Moneta Markets provides swap fee accounts for traders who are unable to receive or pay interest on their trading positions due to religious beliefs. Instead of paying swap fees, the account holder is charged a daily administration fee.

Leverage

One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account.

The Moneta LLC entity offers clients leverage of up to 1:500. This means that with an account of $1,000, you can control up to $500,000 worth of positions in the market. Leverage is often described as a ”double-edged sword” as it can hurt you as much as it helps you. Traders must remember that it can amplify both their profits and their losses.

Supported Countries

Moneta Markets takes clients from the majority of countries globally. However, clients are not accepted from the following countries and regions:

Afghanistan, American Samoa, Albania, Belarus, Bermuda, Bosnia And Herzegovina, Bulgaria, Burma, Burundi, Central African Republic, Crimea, Croatia, Cuba, Cyprus, the Democratic Republic of the Congo, Eritrea, Former Federal Republic of Yugoslavia, Guam, Iran, Iraq, Italy, Ivory Coast, Japan, Liberia, Libya, Macedonia, Mali, Montenegro, Myanmar, North Korea, Puerto Rico, Republic of Guinea, Republic of Guinea-Bissau, Romania, Sierra Leone, Serbia, Sevastopol, Singapore, Slovenia, Somalia, South Sudan, Spain, Sudan, Syria, United States of America, United Kingdom, United States Virgin Islands, Venezuela, Yemen, and Zimbabwe.

The majority of Moneta Markets clients are directed to the offshore Moneta LLC entity. However, wholesale and sophisticated investors can apply to open an account with the ASIC regulated Moneta Markets Pty Ltd entity by contacting support at support@monetamarkets.com. All requests are handled manually and assessed on a case-by-case basis.

Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. Please read our legal documents and ensure that you fully understand the risks before you make any trading decisions.

Research

5.0
How Do We Test A Broker's Research?
Research options provided by brokers may not be seen as the most important feature for some traders, but they can give you an edge over the competition. Staying on top of important market news announcements and being aware of big themes can be very helpful. The rating system provides a clear picture of how well your broker fulfills this service.

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Moneta Markets achieved full marks in the research category, with high quality, frequently updated analysis in written and video form. In addition, clients can utilize a range of tools such as sentiment data, an economic calendar, and live trading signals.

Moneta Markets Research
Moneta Markets Research

Traders can view the Daily Market Update from Moneta Markets on the company website. The report covers major market movers from both a technical and fundamental perspective, across a wide range of markets, including cryptocurrencies. Reports are in-depth and insightful, better than average for the industry.

Moneta Markets also publishes a daily financial news report on YouTube, which helps traders stay on top of the headline stories and includes a preview of the key economic data to be released for the day.

The economic calendar on the website helps traders monitor economic indicators throughout the day and includes the time and date of events, the analyst forecast, the actual figure, and the previous figure.

In the client portal, Moneta Markets also offers real-time macroeconomic news, live trading signals, streaming market buzz, and in-depth crowd insights from the award-winning research provider Trading Central.

Education

4.4
How Do We Test A Broker's Education?
Educating yourself on how to trade the financial markets can make the difference between success and failure. We check the educational content provided by the broker, its quality and suitability for beginners and advanced traders.

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Moneta Markets provides a strong range of educational materials, including a comprehensive course, and platform tutorial videos. We rate the educational offerings at Moneta Markets as better than average.

Moneta Markets Education
Moneta Markets Education

Moneta Markets has created an in-depth trading course called Market Masters. The video course features over 100 advanced trading tutorials. To access the course, clients must open a live account and fund it with at least $500.

Topics in the Market Masters course include:

  • technical chart patterns
  • introduction to the stock market
  • basics of the forex market
  • introduction to technical analysis
  • introduction to fundamental analysis
  • trading candlestick patterns
  • advanced stock market trading
  • Fibonacci techniques
  • advanced trading strategies and tools
  • timing the market
  • trend trading

In addition, platform tutorials are available in multiple languages (English, Italian, Spanish, French, German, Chinese, Arabic, Japanese, Korean, Malaysian, Thai, and Vietnamese) on the Moneta Markets YouTube channel.

The Bottom Line

Moneta Markets performed well in almost every category of our review, reflecting an all-around strong broker that has much to offer. Competitive fees, top-notch platforms, robust research materials, and reliable customer service make Moneta Markets an appealing broker for a wide range of trader profiles. In many instances they have gone above and beyond, with benefits such as free VPS hosting and third-party tools. The major drawback of this broker is that the offshore entity is unregulated, which could leave client accounts vulnerable in an adverse situation such as broker insolvency.

FAQ

Where is Moneta Markets based?
Moneta LLC is based in Kingstown, Saint Vincent and the Grenadines.

Is Moneta Markets safe?
Moneta Markets is regulated in several jurisdictions. However, currently, all clients are directed to an offshore entity that does not have any regulatory oversight.

How does Moneta Markets make money?
Moneta Markets makes money from spreads, commissions, and overnight swap fees.

How do I deposit funds in a Moneta Markets account?
Funds can be deposited via bank wire, Visa, Fasapay, cryptocurrency, and Union Pay.

What is the minimum deposit for Moneta Markets?
The minimum deposit is $50.

How do I withdraw money from Moneta Markets?
Funds can be withdrawn via bank wire, Visa, Fasapay, cryptocurrency, and Union Pay.

How long does it take to withdraw money from an account at Moneta Markets?
Withdrawals take from 1-5 business days to reach your account.

How much is the maximum leverage at Moneta Markets?
The maximum leverage at the Moneta LLC entity is 1:500.

How can I open an account with Moneta Markets?
You can open an account by visiting the Moneta Markets website, and clicking on the sign-up button at the top of the page.

What platforms does Moneta Markets offer?
Clients can choose between MetaTrader 4, MetaTrader 5, and the Pro Trader platform.

What are the withdrawal fees at Moneta Markets?
Moneta Markets does not charge withdrawal fees, with the exception of multiple bank wires per month (the first bank wire withdrawal is free).

Is Moneta Markets good for beginners?
With reliable customer service, the user-friendly Pro Trader platform, and free demo accounts, we rate Moneta Markets as a suitable broker for beginners.

Does Moneta Market offer a demo account?
Yes, Moneta Markets offers demo accounts via MetaTrader 4, MetaTrader 5, and the Pro Trader platform.

broker

Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. Please read our legal documents and ensure that you fully understand the risks before you make any trading decisions.

See Moneta Markets Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
Saint Vincent and the Grenadines
Foundation Year
2020
Regulations
ASIC (Australia), FSCA (South Africa), SVGFSA (Saint Vincent and the Grenadines)
Publicly Traded
No
Number Of Employees
201
Trading Desk Type
STP
Trading platforms
MT4, MT5, tradingview
Restricted Countries
United States, Japan, United Kingdom, Bulgaria, Burundi, Canada, Congo, Cote d'Ivoire, Croatia, Cuba, Cyprus, Eritrea, Italy, North Korea, Guinea-Bissau, Montenegro, Liberia, Macedonia, Mali, Romania, Iran, Guinea, Iraq, Afghanistan, Guam, Bermuda, Albania, Australia, Somalia, Puerto Rico, Slovenia, Venezuela, Yemen, Syria, Sierra Leone, Central African Republic, Serbia, Singapore, Virgin Islands, British, Libya, Myanmar, South Sudan, Spain, Sudan, Samoa, Zimbabwe, Belarus, Bosnia and Herzegovina
Supported Languages
English, Spanish, German, French, Chinese, Italian
Min Deposit
$50
Max Leverage
1:30 (ASIC), 1:500 (FSCA), 1:500 (SVGFSA)
Deposit Options
Wire Transfer, Credit Card, Cryptocurrencies, Union Pay, FasaPay, Visa
Withdrawal Options
Wire Transfer, Credit Card, Cryptocurrencies, Union Pay, FasaPay, Visa
Time to Withdrawal
3
Time to Open an Account
5
Cryptocurrencies
Bitcoin Cash, Bitcoin, Dogecoin, Ethereum, Polkadot
Products (CFD)
Currencies, Commodities, Indices, Stocks, Crypto
Demo Account
Yes
Islamic Account
Yes
Segregated Account
Yes
Managed Account
No

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