Australian-based broker, Moneta Markets, has launched an ECN account on MetaTrader 4 and MetaTrader 5. Offering raw spreads on a long list of currency pairs, traders can benefit from rapid executions and low fees.
New ECN Account
The introduction of an ECN account at Moneta Markets means users get raw spreads from zero pips and improved market access. In line with the pricing structure of most ECN brokers, Moneta Markets will charge a $3 commission per lot per side with their ECN solution.
The broker’s new true ECN account will likely appeal to scalpers, in particular, who can now execute a high volume of trades with competitive pricing and ultra-fast executions.
Users also benefit from the industry-leading MT4 and MT5 platforms that offer an extensive portfolio of technical indicators, charting features, automated trading capabilities and multiple order types.
David Bily, Moneta Markets founder, had this to say of the latest development “Since Moneta Markets’ launch we’ve established a very solid foundation to build off, and having secured a large portion of the web-based trading market, we are now in a position to take on the broader and more established MT4 & MT5 broker audience.”
He also added, “The feedback since our inception has been very positive, yet there has still been demand from our partners and clients to introduce a higher-spec trading account with spreads from 0.0 pips for the more experienced trader and clients who like to use EAs through the popular MetaTrader 4 and 5 platforms.”
About Moneta Markets
Established in 2018, Moneta Markets is part of the Vantage International Group, licensed with the Cayman Islands Monetary Authority (CIMA). The broker’s 70,000+ clients get access to over 300 instruments, including 45 currencies, 6 popular cryptos, along with 15 commodities, 15 major indices and close to 200 stocks and shares.
Moneta Markets offers high leverage up to 1:500, Bitcoin payments, a free demo account, plus a 50% deposit bonus. With an impressive offering already, the latest addition of an ECN account is likely to further its reputation among active traders.