Moneta Markets Review 2023
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- DayTrading Review Team
Moneta Markets is a great pick for users looking to trade a wide range of markets with 1000+ instruments and high leverage up to 1:1000.
Moneta Markets is a regulated multi-asset broker offering an excellent suite of instruments spanning forex, stocks, indices, commodities, bonds and ETFs. There are no deposit fees and the minimum funding value is accessible at $50. The account opening process is also straightforward, taking just a few minutes to sign up and start trading.
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Moneta Markets offers more than 45 forex pairs with higher leverage than most brokers, up to 1:1000. Spreads are also tight while the trading platforms offer advanced market analysis tools.
Trade 635+ UK, US and European share CFDs. Spreads start at 0.1 on popular stocks like Google with a 5% margin requirement. New users can start trading stocks in 3 easy steps.
Moneta Markets clients can speculate on the direction of hundreds of assets covering forex, stocks, indices, forex, commodities, bonds and ETFs. Fees are transparent and there are no hidden charges.
Trade dozens of popular cryptos against the USD with 1:5 leverage. Digital currencies can be traded as CFDs only - they cannot be directly bought and sold.
Moneta Markets offers copy trading on DupliTrade. Clients will need to deposit $2000 with the broker to hand pick and follow experienced traders. A simulator can also be used to test providers.
- Swap-free gold trading
- Negative balance protection
- ECN or STP account available
- A good range of education and tools
- Minimum deposit requirement from $50
- Bonuses and financial incentives are accessible
- Bespoke trading platform plus access to MT4 and TradingView
- Withdrawal fees apply
- Some offshore regulation
- Branded mobile app in development
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.
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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.
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:
- In-built market news and price alerts
- 50+ drawing and technical analysis tools
- 12+ different chart types and 20+ chart layouts
- Stop Loss/Take Profit levels displayed in pips, price, and dollar value simultaneously
The web platform can be accessed via all major browsers once you have registered for an account.
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 offers 1016 global instruments:
- Speculate on 43 crypto CFDs including Bitcoin and Ethereum
- Trade on 504 US share CFDs, 138 EU share CFDs, 102 UK share CFDs, 50 Hong Kong share CFDs (activated upon client request), 50 Australian share CFDs (activated upon client request)
- Trade on 25 of the world’s largest stock indices including the FTSE100, Dow Jones and Dax30
- Invest in 17 of the most liquid and widely traded commodity markets including Gas, Oil and Coffee
- Speculate on 56 major, minor and exotic currency pairs including EUR/USD, GBP/USD and EUR/JPY, plus metals like Gold
- Access 51 of the most popular Exchange Traded Funds such as VanEck Gold Miners, iShares Global Clean Energy and Global X Blockchain ETF
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:
- Forex – up to 1:500
- Energy – up to 1:500
- Indices – up to 1:500
- Share CFDs – up to 1:33
- Precious metals – up to 1:500
- Soft commodities – up to 1:50
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.
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.
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:
- JCB – Instant processing
- Sticpay – Instant processing
- FasaPay – Instant processing
- Credit card (Visa & Mastercard) – Instant processing
- Cryptocurrency – Processing times depend on network confirmations
- International wire transfer – Allow two to five business days processing time
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.
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.
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:
- Moneta LLC – Registered under Saint Vincent and the Grenadines Financial Services Authority (SVGFSA) with registration number 2052
- Moneta Markets South Africa (Pty) Ltd – Registered and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa under license number 47490
- Moneta Markets Pty Ltd – Regulated by the Australian Securities & Investments Commission (ASIC) with the Australian Financial Service Licence (AFSL no. 481024)
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.
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.
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.
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:
- 50% stop out
- Hedging available
- No commission fees
- Spreads from 1.2 pips
- Suitable for beginners
- $50 minimum deposit requirement
- 50% stop out
- Hedging available
- Spreads from 0.0 pips
- Suitable for scalpers & EA’s
- Variable commissions apply
- $200 minimum deposit requirement
- 50% stop out
- Hedging available
- Spreads from 0.0 pips
- $50,000 minimum deposit
- $2 commission per round turn
- Suitable for high-volume day traders and pro investors
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.
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.
Multilingual support is provided 24 hours a day, 5 days a week via:
- Email – firstname.lastname@example.org
- Live Chat – located in the bottom right-hand corner of each webpage
- Telephone Contact Number – +44 113 320 4819 (UK) or +61 2 8330 1233 (International)
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.
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, Cyprus, 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.
Moneta Markets Details
|Minimum Trade||0.01 lots|
|Regulated By||ASIC, FSCA, SVGFSA|
|Mobile Apps||iOS, Android + web trader|
|AI / Machine Learning||No|
|Negative Balance Protection||Yes|
|Guaranteed Stop Loss||No|
CFD Trading Details
|Leverage||Up to 1:500|
Forex Trading Details
Cryptocurrency Trading Details
|Crypto Auto Market Maker||No|
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:
IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
Go to IG Group
Forex.com – Forex.com boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they offer a huge range of markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.
Go to Forex.com
Just2Trade – Just2Trade offer high-tech trading on stocks and options with some of the lowest prices in the industry.
Go to Just2Trade
Moneta Markets Comparison Table
|Moneta Markets||IG Group||Forex.com||Just2Trade|
|Markets||Forex, CFDs, indices, shares, commodities, ETFs, cryptocurrencies||Forex, ETFs, CFDs, indices, shares, commodities, cryptocurrencies, options, futures, spread betting||Forex, CFDs, Stocks, Indices, Commodities, Cryptos, Futures, Options||Stocks, ADRs, ETFs, futures, options, commodities, bonds|
|Minimum Trade||0.01 lots||0.1 lots||$1||0.01|
|Regulators||ASIC, FSCA, SVGFSA||FCA, ASIC, MAS, FSCA, JFSA, FMA, CFTC, NFA, BMA, DFSA, FINMA, BaFin||CySEC, IIROC, NFA, CFTC, FCA, CIMA, CIRO||CySEC, NFA, FINRA, Bank of Russia|
|Bonus||50% deposit bonus||–||–||Up to $2,000 for professional accounts|
|Platforms||MT4, MT5, TradingView, TradingCentral, DupliTrade||MT4, AutoChartist, TradingCentral||MT4, MT5, TradingView, AutoChartist, TradingCentral||MT4, MT5, TradingCentral|
|Leverage||Up to 1:500||1:30||1:200||1:5 to 1:20|
Compare Trading Instruments
Compare the markets and instruments offered by Moneta Markets and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
|Moneta Markets||IG Group||Forex.com||Just2Trade|
Moneta Markets vs Other Brokers
Compare Moneta Markets with any other broker by selecting the other broker below.
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 an excellent suite of instruments spanning forex, stocks, indices, commodities, bonds and ETFs. There are no deposit fees and the minimum funding value is accessible at $50. The account opening process is also straightforward, taking just a few minutes to sign up and start trading.|