The broker is a subsidiary of the Vantage Group, established in 2009, which as and stablished reputation around the world for transparency. So, traders can rest assured that they are trading with a regulated broker with all client funds held in a segregated account with the triple A rated National Australia Bank.
Moneta Markets offers access to 300+ tradable instruments on three account types, STP, True ECN, and Moneta PRIME, so traders of all levels are catered for. The broker also has some of the lowest trading costs in the industry, with spreads from 0.0 pips on forex and indices and traders can get started with a minimum deposit of just $50.
Overall Score
We have collected all the parameters of brokers that are important for trading into different groups for your convenience. The closer the parameter is to the maximum value, the higher the percentage of the group. The overall score is based on all groups’ scores. Now you can see what the strengths of the broker are and where are their weaknesses. Not only to see but also to understand how much it suits your particular needs. If a broker has a GREEN VERIFIED, then the information about its parameters has been received from the broker and been examined by us! GREY NOT-VERIFIED means that information about the parameters of the broker is collected from open sources on the network, BUT it is not confirmed by our tests. RED NOT-VERIFIED means that there is no unambiguous information on this broker in open sources and the specified parameters may differ greatly from the actual ones.
Advantages
Disadvantages
Moneta Markets is a forex broker established 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), facilitating investments in 300+ financial instruments, including commodities, foreign exchange, shares, indices, futures, CFDs, and cryptocurrencies. So, the broker packs impressive efforts for its clients that comprehend plenty of gains in the trading odyssey.
Why Trade with Moneta Markets?
- Superlative research support;
- Comprehensive asset range;
- The very best trading platform;
- Neither deposit fees nor inactivity fees;
- Systematic onboarding and funding processes.
Regulations
Founded in 2020, Moneta Markets is a Vantage Global Limited brand name, authorised and regulated by the Vanuatu Financial Services Commission. The broker gives segregated client funds held with tier1 Australian banks and a negative balance protection policy.
Moneta Markets is a subsidiary of Vantage International Group Limited, regulated under the aegis of the Cayman Islands Monetary Authority (CIMA). The broker has been issued with Securities Investment Business Law (SIBL) number 13834591.
An offshore regulator, CIMA offers investor account protection at par with the best in the world. Furthermore, the broker holds professional indemnity insurance, besides segregated accounts with the highly regarded National Australia Bank.
Vantage Group companies have licenses with ASIC/Australian Securities and Investments Commission and the UK Financial Conduct Authority.
The company number in the UK is OC376560.
Its London Address: 7 Bell Yard, London, England, WC2A 2JR.
Vanuatu: Vantage Global Limited has regulation by VFSC under section 4.
Address in Vanuatu: iCount Building, Kumul Highway, Port Vila, Vanuatu
Registration number: 7002711
So, plenty of jurisdiction, regulations, registrations and licenses ensure that the broker is genuine and worth trusting by all traders. Also, physical addresses add the identity of belief to it further. As a trader, your investment is safe.
Moneta Markets: Multiple trading accounts
It’s fairly easy to open multiple trading accounts with Moneta Markets. Clients can avail themselves of a range of account types, namely Moneta STP, Moneta Prime, and Moneta ECN. The first two are commission-free, while the third one is commission-based. Demo account and Islamic account can also be availed of.
Monetra Markets gives evidence of further security by holding client funds in segregated accounts from company funds. The latter are held with Australia’s AA-rated National Australia Bank. There’s a Negative Balance Protection policy in specific situations.
Demo Account
A demo account may easily be opened through the ‘demo’ account in the website’s top right-hand corner. New users may choose a practice account to acclimatise to the WebTrader/AppTrader and warm up their trading skills prior to opening a live account. Demo accounts last a month.
Moneta Markets: Account Opening
Moneta Markets provides three main account types: Moneta STP, Moneta ECN, and Moneta Prime, besides a demo account and Islamic trading accounts.
Just a number of steps let users open a new account. Upon clicking the ‘Sign Up’ button on the broker’s homepage, users are to register to give their name, email, phone number, and password. Consequent upon this, users are brought about to enter further personal details, including date of birth, nationality, address, platform, and account currency. This has to be accompanied by financial details such as annual income, employment status, trading experience, and savings.
The ultimate steps are handing in proof of identity (driving license/passport), residence proof (bank statement less than 3 months old or utility bill), besides bank transfer payment proofs such as a transfer receipt.
Moneta Markets: Commissions & Spreads
Retail investor accounts with Moneta Markets feature competitive spreads and fees.
Moneta Markets’ pricing and fee schedule differ as per the instrument being traded. The broker’s web trading platform shows information about pricing and commissions.
Besides the commissions for shares and rollovers, there are no inactivity fees, establishing the broker in the centre of the industry spectrum regarding fees and pricing. So, you get to save extra money.
Moneta Markets trading platforms
Moneta Markets gives a proprietary trading platform to its users. This broker has introduced MT4 and MT5 to its clients, enabling them to trade on the True ECN and STP accounts. Clients are able to switch fluidly between MT4 and MT5, and WebTrader.
The broker’s trading platform can be accessed through desktops and mobile phone apps. Accompanying apps are compatible with both Android and iOS. Generally, we have found the trading platform provided by the broker to be congruent and reliable. The features given by the platform are also extremely useful and designed to help clients make the most of changing market conditions.
Moneta Markets gives clients the ability to trade on its proprietary web Trader platform, besides the internationally recognised MetaTrader4 and MetaTrader5 platforms. The following features characterise the platforms: Moneta Markets WebTrader 9 Time frames; 48 indicators; Real-Time pip and margin value trading calculator; easy to use; no download needed, accessible via any web browser. Moneta Markets MetaTrader 4; fully customisable;
EAs available; advanced charting capability; 50+ built-in indicators; Windows and Mac compatible. Moneta Markets MetaTraders5 21 Timeframes; ability to hedge trade positions; built-in economic calendar.
Mobile trading platforms
The broker gives clients the ability to access mobile trading, thanks to the Moneta Markets App Trader for iOS and Android systems.
The Moneta Markets mobile trading app lends several features that include: access to more than 300 markets; deposit and fund withdrawal on the move; a seamlessly integrated Metaquotes mobile app, so that clients may be able to opt for the app of their choice; access to more than 45 technical indicators, 9 timeframes and 6 chart types.
Moneta Markets: Tradable Assets
Moneta Markets provide users with the opportunity of trading on financial assets in excess of 300, covering Forex, Commodities, Indices, Shares, and cryptocurrencies. Spreads, overnight funding (swap rates), and such trading costs differ on the basis of the account type opened and the asset being traded.
On its ECN account, the broker offers the most competitive spreads. Longside a $3 commission per lot per side, clients can avail of pips from 0.0.
We give hereunder an idea of the tradable assets as found with the broker:
- Cryptocurrencies numbering 6;
- Tradable assets numbering a total of 326;
- Currency pairs numbering 43;
- Stocks numbering 230;
- Indices numbering 18;
- Commodities numbering 7;
- Copy-trading/social trading provided;
- Trading signals provided;
- Trailing SP/TP provided;
- Automated trading provided;
- Chart trading provided;
- Promotions provided;
- One-click trading provided;
- EAs or Expert Advisors provided.
Moneta Markets: Leverage
The utmost leverage available at Moneta Markets is 1:500 on Forex, with lower limits showing in other markets:
- Forex – max 1:500;
- Precious metals – max 1:500;
- Indices – 1:200;
- Energy – max 1:100;
- Soft commodities – max 1:50;
- Shares 1:20.
High and the best options for leverage allow traders to exemplify their trades in quick succession.
Awards won by Moneta Markets
The broker is known to exhibit its integrity in the financial market. Thus, awards testify to the efforts put by Moneta to provide the best services to its clients.
- M&A Today – Best Customer Support – CFD Broker
- CV Magazine – 2020’s most advanced web-based CFD trading platform.
Moneta Markets: Deposits & Withdrawal
Clients may deposit funds free of fees in multiple currencies through debit/credit card, Skrill, bank transfer, FaSaPay, Neteller, JCB, and a bevvy of cryptocurrencies, namely BCH, BTC DASH, ETH, XMR, LTC, Ethereum, and so on. In addition, you can use local banks to deposit funds if you are a client from Malaysia, Thailand, Vietnam, Mexico, or Brazil.
Bank transfers work quickly compared to any other broker. Withdrawal and deposit through bitcoin is lightning quick too. So, it aids in your comprehensive trading. Most methods are processed instantly. All methods are fee-free, minus any charges at the client’s bank’s discretion.
Withdrawals may be processed through bank transfer. Processing time is quick here. You may also withdraw funds back by cryptocurrency, credit card, Neteller and Skrill – in case the deposits were made this way.
Once logged into the clients’ portal, clients may fun their accounts. They do so by clicking on their profiles, followed by ‘deposits’ or ‘withdrawals’.
Moneta Markets: Education & Research Support
Moneta Markets provides a range of educational resources. These include a Market Masters course -0 wide-ranging trading course dealing in Forex basics and stock markets, besides an introduction to fundamental and technical analysis trading techniques. Clients must have a live ad-funded $500+ account to gain access to this course featuring 100+ videos.
The broker provides three Web Trader platform tutorials covering how to place a market order, add an indicator, and place a pending order.
Moneta Markets gives access to diverse research, including varied trading tools, WEeb TV, Moneta TV, Forex calculators, Daily Technical Analysis, and Forex Sentiment. We give an outline below: Trading Tools- main characteristics are real-time macro-economic news, streaming market buzz, live trading signals, in-depth crowd insights, besides an economic calendar. Web TV – gives clients trading insights based on fundamental; and technical analysis, combined with the latest industry news.
Moneta TV – YouTube videos providing daily trade ideas as per the latest financial news. Daily Technical Analysis – unshared daily technical analysis insights covering the global forex scene, in addition to share markets, indices, and Commodity markets. Forex Sentiment – Technical analysis ratings generating buy and sell signals across all asset classes. Forex calculators stop loss/take profit amounts and levels, a currency converter, besides Fibonacci and pivot calculators.
So, you can remain updated all the time and decide on your strategies, improvise on your way of trading for better bidding and profitable results.
Moneta Markets: Customer Support
Moneta Markets gives customer support in several languages 24/5 through email, phone, and live chat. Executives and staff here connect immediately once you contact them through any of the given channels. The grievance redress of any issue is worth praising here.
Phone (U.K): +44 113 320 4819
Phone (International): +61 2 8330 1233
Email id: [email protected]
Final Verdict
Moneta Markets offers a good across-the-board experience to its users. The broker’s advanced MT4 and MT5 platforms ensure that its users are completely cognizant of the latest market developments, thereby making smarter investment decisions.
Moreover, the broker’s advanced charting tools and technical indicators are also practicable, enabling traders to analyse diverse instruments’ performance. The brokerage company further adds to the customer experience, ensuring that users do not have to search for information across the ecosystem.
Besides these extensive measures Moneta Markets takes to cinch a flawless and fluid trading experience, the broker also provides excellent customer support. Representatives are available 24 hours a day between Monday and Friday. Users may contact the support team via phone, email, live chat, and web forms. Additionally, the company website has a highly comprehensive FAQ section. The overall quality of customer support provided by the broker is excellent.