Moneta Markets Review

Moneta Markets is a forex broker founded in 2020, and is a subsidiary of Vantage International Group Limited. The broker is regulated by the VFSC under Section 4 of the FDLA (Regulation No. 700271), helping facilitate investments in over 300 financial instruments including foreign exchange, commodities, indices, shares, futures, CFDs, and cryptocurrencies.

Moneta Markets’ clients can access the platform via the web, MT4 and MT5, and a specialized trading app. Investors have opportunities to trade 24/5, enabling them to capitalize on market momentum around the clock with leverage of up to 500:1, which is among the highest offered by the industry.

In an effort to maximize client value, the broker does not charge any funding fees for deposits made using a wide range of methods including credit/debit cards, wire transfers, FasaPay, JCB, Bitcoin, as well as STICPAY. Moreover, Moneta Markets provides multilingual support to its customers for 24 hours on all weekdays.

Moneta Markets Pros & Cons

Pros

Excellent research support
Wide Range of instruments
Advanced trading platform
No deposit fees or inactivity fees
Streamlined onboarding and funding processes

Cons

Not accepting US traders
Minimum deposit is on the higher side

Who Is Moneta Markets Recommended For?

For traders who rely on research before investing their money in financial instruments, Moneta Markets comes highly recommended. The research support provided by the broker is quite extensive, and it covers technical analysis, client sentiment, Web TV, as well as the latest financial news. Traders can take advantage of the research tools provided by the broker to bolster their decision-making process.

The broker is also suited for expert traders who are seeking to invest in a wide range of instruments with margin. Moneta Markets delivers investment access to over 300 instruments with leverage of up to 500:1, thereby enabling them to diversify their portfolio. Furthermore, the broker’s advanced trading platform is especially suitable for expert traders. The custom-built platform provides a range of advanced features such as funds management and technical charting while its research offerings cover more than 35,000 tradable assets.

Top Moneta Markets Features

Excellent Trading Platform: Moneta Markets allows traders to use MT4, MT5, and WebTrader, and clients are able to move seamlessly between each, allowing for maximum convenience.
Streamlined Onboarding Process: The registration process at Moneta Markets is extremely quick and efficient. The WebTrader platform offered by the broker allows users to open an account in less than five minutes and integrates features such as deposits and withdrawals.
Extensive Education Material: The web portal hosts a wide range of trader research and education tools. These tools can be used to track economic data and assess the market sentiment. Users can also access informative video tutorials.
Wide Range of Instruments: Users can choose from a wide range of financial instruments. Moneta Markets offers more than 400 instruments that are spread across countries like the US, UK, Hong Kong, and Australia including share CFDs, commodities, indices, foreign exchange pairs, and cryptocurrencies.

Moneta Markets Overview

Type of Broker Non-Advisory/Executionary Broker
Regulation & Licensing VFSC
Clients Accepted from All countries around the world except for Afghanistan, Belarus, Burma, Burundi, British Columbia (Canada), Central African Republic, Democratic Republic of the Congo, Egypt, Eritrea, Iran, Iraq, ISIL (Daesh) & Al-Qaida, Lebanon, Libya, Mali, North Korea, Republic of Guinea, Republic of Guinea-Bissau, Russia, Somalia, South Sudan, Sudan, Syria, Tunisia, Ukraine, United States of America, Venezuela, Yemen, and Zimbabwe
Assets Offered Foreign Exchange, Commodities, Indices, Share CFDs, Futures, CFDs, Cryptocurrencies
Platforms Available MT4, MT5, WebTrader
Mobile Compatibility Android and iOS
Payment Types Accepted Credit Card, Debit Card, Wire Transfer, FasaPay, JCB, Bitcoin, STICPAY

Moneta Markets Compliance & Regulation

Moneta Markets is regulated by the VFSC, which is the Vanuatu Financial Services Commission. It is licensed under § 4 of the Financial Dealers Licensing Act, and its regulation number is 700271. Additionally, the broker offers professional indemnity insurance to cover the work handled by its representatives, employees, and other authorized individuals.

Moneta Markets Pricing

Moneta Markets' pricing and fee schedule vary according to the instrument that is being traded. The broker's web trading platform displays information about pricing and commissions. For example, the EURUSD variable spread offered by the broker starts at 0 pips for those who take advantage of its ECN Account. In terms of fees, with the exception of CFD shares trading which incurs a commission starting at $7 per trade, the remainder of the tradable instruments offered by the platform are commission-free.

Furthermore, it is also important to note that the broker does not charge any fee for depositing money into the trading account. In fact, the broker also offers a 50% deposit bonus in selected jurisdictions if the amount being deposited is more than $500. Beyond the commissions for shares and rollovers, there are no inactivity fees, placing the broker firmly in the middle of the industry spectrum in terms of fees and pricing.

Moneta Markets Reliability & Security

Moneta Markets offers a proprietary trading platform to its users. This broker has introduced MT4 and MT5 to its clients, who can use it while trading on the True ECN and STP accounts. Clients are able to switch seamlessly between MT4 and MT5 and WebTrader.

The broker's trading platform can be accessed via desktops and mobile phone apps. Accompanying apps are compatible with both Android and iOS. Overall, we have found the trading platform offered by the broker to be consistent and reliable. The features offered by the platform are also extremely useful and designed to help clients make the most of changing market conditions.

Even after only opening its doors in 2020, Moneta Markets has already won several acclaimed industry awards that highlight a few of the brokers value-added attributes and traits. Some of the titles awarded to the broker include the following:

M&A Today - Best Customer Support - CFD Broker
CV Magazine - 2020's most advanced web-based CFD trading platform

Moneta Markets User Experience

Moneta Markets offers a good overall experience to its users. The broker's advanced MT4 and MT5 platforms ensure that its users are fully aware of the latest market developments and can make smarter investment decisions accordingly.

In addition, the broker's advanced charting tools and technical indicators are also useful because they empower traders to analyze the performance of different instruments. The all-in-one platform also adds to the customer experience by ensuring that users do not have to search for information across the ecosystem.

Most importantly, the broker has placed extra emphasis on constructing and sharing valuable training materials with clients including technical analysis, client sentiment, web TV, and the latest financial updates. Furthermore, embedded risk management tools aid users with setting thresholds related to stop-loss, take profit, and limit orders. These features ensure that users do not suffer any major losses while they are trading, and the inclusion of negative balance protection means traders do not have to worry about having their account balances fall into negative territory.

Beyond these extensive measures Moneta Markets takes to ensure a smooth and seamless trading experience, the broker also delivers excellent customer support. Representatives are available 24 hours a day between Monday and Friday. Users can contact the support team via phone, email, live chat, and web forms. In addition to this, the company website has a highly informative FAQ section. The overall quality of customer support provided by the broker is nothing short of excellent.

Final Thoughts on Moneta Markets

Overall, Moneta Markets is a straight-through processing broker that has carved out a significant niche for itself within a relatively short period. Although the broker has only been active for a few months, it has quickly established itself in the market. The MT4, MT5, and WebTrader platforms offered by the broker delivers some exceptional features designed to help traders maximize performance. Additionally, the broker grants transparent access to a wide range of financial instruments.

Adding to the appeal for investors, all customer accounts are segregated from company accounts, which provides an extra degree of security. Although the broker is only regulated in one jurisdiction at present, this is anticipated to change as Moneta Markets continues to grow. Overall, the brand is focused on adding value throughout the investing process from registration and onboarding through to funding and eventual trade decision-making. Thanks to the inclusion of beneficial tools, advantageous features, and helpful educational materials, Moneta Markets is focused on positioning clients for investing success.

Trading Platform Screenshots

Contact Info

Website: www.monetamarkets.com

Moneta Markets FAQs

Q: Can I register for a demo account?
A: Yes, Moneta Markets allows you to register for a demo account. The demo account can be used to assess the capabilities of the platform and to explore the research support that the broker offers to its users. The registration process is extremely simple, and you can access the account in an instant.

Q: Are US citizens permitted to register for Moneta Markets?
A: At present, US citizens are not allowed to register for Moneta Markets. This is because the broker is not regulated in the US for now. Nevertheless, the broker does accept clients from a large number of countries around the world.

Q: What are the different account types offered by Moneta Markets?
A: Moneta Markets offers three account types: STP, ECN, and Moneta Prime (the Prime account is by request).

Q: Does Moneta Markets offer mobile trading?
A: Moneta Markets allows its users to trade via their smartphones. The broker offers customized trading apps for both Android and iOS. Moneta Markets also enables its users to access its platform via mobile web browsers.

Q: Will my funds be secure with Moneta Markets?
A: Moneta Markets ensures that all customer funds are kept in secure, segregated accounts that are separate from operational funds. Moreover, the company takes information security seriously with its high security and compliance standards. In addition to this, the broker provides professional indemnity insurance.

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