Moneta Markets Review 2022

4.4
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Moneta Markets is a regulated multi-asset broker offering a leading web platform plus MT4 & MT5.

Current Promotions

Keep Trading With A 25% Rescue Bonus From Moneta Markets

Bonus50% deposit bonus
InstrumentsForex, CFDs, indices, shares, commodities, ETFs, cryptocurrencies
Demo AccountYes
Min. Deposit$50
Payment MethodsWire Transfer, Credit Card, FasaPay, JCB, Sticpay, Crypto, local regional deposit methods
Min. Trade0.01 lots
Regulated ByASIC, FSCA, SVGFSA
MetaTrader 4Yes
MetaTrader 5Yes
cTraderNo
OmniTraderNo
AlgoTraderNo
TradingViewYes
Trading CentralYes
AutochartistNo
eSignalNo
STP AccountYes
ECN AccountYes
DMA AccountNo
MAM AccountNo
PAMM AccountYes
LAMM AccountNo
Demat AccountNo
Mobile AppsiOS, Android + web trader
Margin TradingYes
Volatility IndexNo
Spot TradingNo
Perpetual SwapsNo
ELWsNo
REITsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionYes
VPS HostingNo
TournamentsNo
Demo CompetitionsNo
Managed AccountsNo
Market MakerNo
Social TradingYes
Copy TradingYes
Trade SignalsYes
Islamic AccountYes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • NZD
  • JPY
  • HKD
  • SGD
Inactivity Fee$0
Guaranteed Stop LossNo
Stock Exchanges
  • Australian Securities Exchange
  • CAC 40 Index France
  • DAX GER 40 Index
  • Dow Jones
  • Hang Seng
  • Nasdaq
  • National Stock Exchange Of India
  • Shenzhen Stock Exchange
Commodities
  • Cocoa
  • Coffee
  • Copper
  • Cotton
  • Gasoline
  • Gold
  • Oil
  • Silver
  • Sugar
CFD TradingAccess multiple financial markets with leveraged CFDs
CFD FTSE SpreadFloating
CFD GBPUSD SpreadFloating
CFD Oil SpreadFloating
CFD Stocks SpreadFloating
CFD LeverageUp to 1:500
Forex TradingTrade with leverage on a range of FX pairs.
Forex GBPUSD SpreadFloating
Forex EURUSD SpreadFloating
Forex EURGBP SpreadFloating
Forex Assets45+
Crypto TradingTrade 43 cryptos on the USD with 1:5 leverage.
Crypto SpreadVariable
Crypto LendingNo
Crypto StakingNo
Crypto MiningNo
Crypto Auto Market MakerNo
Crypto Coins
  • BCH
  • BTC
  • DSH
  • ETH
  • LTC
  • XRP
Risk Warning – Your capital is at risk

Moneta Markets is a global forex and CFD broker. It offers multiple platforms, a deposit bonus deal, plus a range of analysis and trading tools. This review unpacks market opening times, payment methods, investor safety and more. Find out if you can trust Moneta Markets.

Company Details

Moneta Markets was founded in 2019, though has recently separated as a subsidiary of Vantage International Group Limited (VIG). Today, the broker operates under it own entity, with global regulatory oversight from ASIC, SVGFSA and FSCA.

The brand boasts a substantial 70,000+ live client accounts with an average monthly trading volume of over $100 billion across 1.5 million trades. Moneta Markets offers over 1000 instruments through its proprietary web-based platform and industry-renowned MT4 & MT5 terminals.

Trading Platforms

Pro Trader

Hosted by TradingView, the broker’s proprietary web platform is an all-in-one solution, offering account management and trading all from the same dashboard. With the built-in Client Portal, traders enjoy easy deposits and withdrawals in a few clicks. The dashboard offers all the features you need for agile trading, including:

The web platform can be accessed via all major browsers once you have registered for an account.

Moneta Markets Pro Trader
Pro Trader

MetaTrader 4 & MetaTrader 5

The broker has also introduced the MT4 and MT5 platforms. These offer market-leading tools, including dozens of advanced charting features, automated services and built-in support. Aimed at active investors, the easy-to-use desktop and mobile trading platforms will meet the needs of most users. They offer a more comprehensive plus, downloadable alternative to Moneta Markets’ proprietary web-based solution.

Moneta Markets platform
MetaTrader

Assets

Moneta Markets offers 1016 global instruments:

Spreads & Commission

Trading fees vary by account type and trading instrument. The broker offers the most competitive fees on its ECN account. Spreads are offered from 0.0 pips and are available alongside an average round-turn fee per lot on the majority of assets. For example, the EUR/GBP currency pair can be traded on an average spread of 0.36 pips with a commission of €5 per lot.

Those trading on the STP account will incur higher spreads vs the ECN profile. For example, the EUR/GBP currency pair is offered at an average of 1.56 pips. Due to the pricing model of the account, there are no commission fees.

All share CFD commissions have recently been reduced, including US shares from $6 to $0 and the minimum commission on UK and EU shares has been removed – it is now 0.1% of the nominal value on all trades.

Note, gold trading products are swap-free.

Moneta Markets Leverage

The maximum leverage available at Moneta Markets is 1:500. We outline this below by asset type:

Applying the highest leverage would mean a $100 deposit will provide traders with $50,000 in purchasing power. Although trading with significant leverage can increase profit prospects, it can also increase losses. Ensure you have appropriate risk management strategies in place.

Mobile Trading

MetaTrader 4 and MetaTrader 5 can be used on portable devices. The broker’s custom mobile app is also currently in development, with launch updates due in the coming months to replace the old version. We expect a powerful tool that facilitates convenient trading anywhere, at any time, alongside stability, simple navigation and fast execution speeds.

The MT4 and MT5 mobile apps enable day traders to access to the tools, features and functionality found on the web trader or desktop platforms. You can manage your account, open and close positions, check live global pricing and view charts while on the go. Both applications are available for free download to iOS and Android devices; simply open an account and head to the app store to begin trading.

Payment Methods

Moneta Markets has a minimum deposit requirement of $50 or equivalent currency. Available payments may vary depending on your account base currency and your country of residency. The broker accepts nine account currencies: USD, EUR, GBP, NZD, SGD, JPY, CAD, HKD, and BRL.

All deposit methods are commission-free, though third-party charges may apply. Note that first-time deposits via bank card are restricted to $1,000 AUD. Processing times are generally quick. We outline the details below:

Note, local regional deposit methods may also be available

Withdrawals are processed within one to three business days once you have completed the request form within the Client Portal. Note, international bank wire transfers will be liable for a minimum fee of 20 units of your trading account base currency e.g. £20. Nonetheless, when reviewing the Moneta Markets platform, we did not come across any withdrawal issues in customer reviews.

Demo Account

A free STP or ECN demo account is available to Moneta Markets day traders. When we used the practise profile, we found it was only available on the MT4 and MT5 platform only. Pro Trader can only be accessed in live mode. To sign up, select the ‘demo’ button in the top right-hand corner of the website and input the basic requirements. Access virtual funds to learn platform features and tools, or practice making a trade completely risk-free. When using the Moneta Markets platform, our demo profile expired after 30 days.

Moneta Markets Demo Account
Moneta Markets Demo Account Sign-Up

Bonuses & Promos

Moneta Markets offers a 50% deposit bonus for trading accounts funded with $500 or more. This bonus is available to both new and existing users by completing the opt-in form on the website. The offer can also be redeemed more than once. A new feature named the ‘rescue bonus’ permits retail clients access to a 25% financial reward. This is available to investors if a loss of more than 75% of an initial funding amount ($1000 or more) has incurred.

Traders should check the website and social media pages for any further deposit promos or deals. Remember to review the terms and conditions of financial incentives before exploring as unrealistic minimum thresholds and requirements may be set.

Regulation & Licensing

Moneta Markets is a registered broker-dealer operating under three entities, with differing regulatory oversight. Your country of residency will impact the subsidiary you trade with. We outline these below:

Although it is good to see some retail trader safeguards, including negative balance protection, the broker is not overseen by top-tier regulators across all three entities. Some retail traders may be at a disadvantage when it comes to protection.

Note, services are not available in the following countries; Afghanistan, American Samoa, Albania, Australia, Belarus, Bermuda, Bosnia And Herzegovina, Bulgaria, Burma, Burundi, Central African Republic, Crimea, Croatia, Cuba, Cyprus, Democratic Republic of the Congo, Eritrea, Former Federal Republic of Yugoslavia, Guam, Iran, Iraq, ISIL (Da’esh) & Al-Qaida & The Taliban, 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.

Additional Features

Moneta Markets offers a few additional tools and features, including an economic calendar, forex calculators, plus a small selection of video tutorials. Daily in-house technical/fundamental trade ideas plus videos are also accessible to all clients. This includes a discussion of the latest market news and analysis. Traders who fund their accounts with $500 or more can access a larger selection of advanced tutorials with the Market Masters video course.

Moneta Markets economic calendar
Moneta Markets Economic Calendar

The broker also offers Duplitrade, a copy-trading service that requires a minimum account deposit of $2,000. ZuluTrade is also due to launch in the near future.

Alternatively, traders who fund their account with a minimum of $500 gain exclusive access to Trading Central (including a suite of MT4/MT5 indicators) within the client portal, which includes macro-economic news, live signals and market analysis.

Moneta Markets Duplitrade
Moneta Markets Duplitrade

The social trading platform, HokoCloud, is also available for free. It offers low-cost copy trading for beginners. Users can download the desktop or mobile application after signing up for a live trading account with Moneta Markets.

Moneta Markets Accounts

Moneta Markets offers two trading account options; Direct STP and Prime ECN. The accounts are free to open and there are no maintenance fees.

Opening an account is fast and easy. You simply need to complete the online application form and provide identity documentation. Account details and login credentials will then be sent via email.

Both profiles offer access to all instruments and platforms, plus access to leverage up to 1:500 and a minimum trade size of 0.01 lots:

Direct STP

Prime ECN

For money managers, the broker has also introduced a transparent PAMM solution which offers an unlimited number of managed accounts. Designed with scalability in mind, it’s an excellent option for money managers looking to grow their business.

Islamic-friendly accounts are also available via the swap-free form on the website.

Benefits

Drawbacks

Trading Hours

Moneta Markets trading hours will vary by instrument. For example, FX pairs can be traded 00:01 – 23:58 GMT+2 or GMT+3 during daylight savings time and cryptocurrencies are available 00:00 – 24:00 GMT+2/3. Gold and silver markets are open 01:00 – 23:59 GMT+2/3. Detailed opening times and a published calendar can be found on the broker’s website.

Customer Support

Multilingual support is provided 24 hours a day, 5 days a week via:

Alternatively, a detailed FAQ section can also be found on the broker’s website with details including deposits & withdrawals, platform support and account registration.

Security & Safety

Our experts found limited information regarding trading security and safety. There are no details of personal data safeguarding. Nonetheless, as a regulated CFD broker, clients can be assured of segregated client funds in top-tier accounts. Additionally, the broker is subject to regular third-party auditing. When using the Moneta Markets software, we would recommend ensuring security settings such as two-factor authentication (2FA) or one-time passwords (OTP).

Moneta Markets Verdict

Moneta Markets offers high leverage, ECN or STP account types, decent trading tools, and a choice of platform. The introduction of MT4 and MT5 also means experienced traders have the advanced features they need to start investing. With that being said, the limited withdrawal options and lack of branded mobile platform need to be addressed.

Accepted Countries

Moneta Markets accepts traders from Thailand, Canada, South Africa, Hong Kong, India, France, Germany, Norway, Sweden, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use Moneta Markets from Afghanistan, American Samoa, Albania, Australia, Belarus, Bermuda, Bosnia And Herzegovina, Bulgaria, Burundi, Central African Republic, Croatia, Cuba, Cuba, Congo DR, Eritrea, Guam, Iran, Iraq, Italy, Japan, Liberia, Libya, Macedonia, Mali, Montenegro, Myanmar, Korea, Puerto Rico, Papua New Guinea, Romania, Sierra Leone, Serbia, Singapore, Slovenia, Somalia, Sudan, Spain, Syria, United Kingdom, United States, United States Outlying Islands, Virgin Islands, U.S., Venezuela, Yemen, Zimbabwe.

Compare Moneta Markets

Compare Moneta Markets with similar brokers that accept traders from your location. Among available brokers these are the most similar to Moneta Markets:

  1. InstaForex – InstaForex is a CFD broker providing access to forex, stocks, cryptocurrencies, commodities, and energy, as well as stock indices. With competitive fees and a huge range of available assets, the brand offers safe and reliable trading.
  2. eToro – eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. eToro USA LLC does not offer CFDs, only real crypto assets available.
  3. AAAFx – AAAFx offers CFD trading in forex, commodities, indices and cryptocurrencies.
  4. Forex.com – Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer tight spreads on a cutting edge platform.

Moneta Markets Comparison Table

Compare Moneta Markets With Similar Brokers
Moneta Markets InstaForex eToro AAAFx Forex.com
Rating 4.4 4.7 4.5
Markets Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit $50 €200 to €50,000 (depending on account type) $10 $10 $100
Minimum Trade 0.01 lots 0.01 Lots $10 0.01 lots $1
Regulators ASIC, FSCA, SVGFSA CySEC FCA, CySEC, ASIC, FSA HCMC (Greece), FSCA (South Africa) CySEC, IIROC, NFA, CFTC, FCA, CIMA
Bonus 50% deposit bonus 100% Deposit Bonus available for Global clients No
Education No No Yes No Yes
Platforms MT4, MT5 MT4, MT5 MT4, MT5 MT4
Leverage Up to 1:500 1:30 for retail clients, 1:500 for professional 1:30 EU 1:30 EU, 1:500 Global 1:200
Payment Methods 8 10 14 8 8
Detailed Comparison Moneta Markets vs InstaForex Moneta Markets vs eToro Moneta Markets vs AAAFx Moneta Markets vs Forex.com
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Review Moneta Markets
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eToro
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AAAFx
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Forex.com
Review

Compare Trading Instruments

Compare Moneta Markets Trading Instruments
Moneta Markets InstaForex eToro AAAFx Forex.com
CFD Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil Yes Yes Yes No Yes
Gold Yes Yes Yes Yes Yes
Copper Yes No Yes No No
Silver Yes Yes Yes No Yes
Corn No No Yes No No
Crypto Yes Yes Yes Yes Yes
Futures No No No No Yes
Options No No No No Yes
ETFs Yes Yes Yes No No
Bonds No No No No No
Warrants No No No No No
Spreadbetting No No No No No
Volatility Index No No Yes No No

Moneta Markets vs Other Brokers

Compare Moneta Markets with any other broker by selecting the other broker below.

Moneta Markets vs

FAQ

Is Moneta Markets Safe?

Yes, Moneta Markets is licensed broker-dealer with global regulation. It offers negative balance protection and segregated client funds.

What Payment Methods Are Available At Moneta Markets?

Moneta Markets offers several payment methods including bank wire transfers, Visa & MasterCard credit/debit cards, Sticpay, JCB, Fasapay and cryptocurrency. Other local methods may be available in your jurisdictions.

What Assets Can I Trade With Moneta Markets?

Moneta Markets retail clients can trade over 1000 instruments, including forex pairs, cryptocurrencies, global shares, indices, ETFs, and commodities.

What Is The Maximum Deposit Amount When Adding Funds To A Moneta Markets Trading Account?

There is a daily deposit cap of $10,000 AUD or equivalent currency per trading account at Moneta Markets.

Can I Open Multiple Trading Accounts With Moneta Markets?

Yes, you can open an additional trading account within the Moneta Markets platform by clicking on ‘Manage Accounts’.

Moneta Markets is a regulated multi-asset broker offering a leading web platform plus MT4 & MT5.

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