Moneta Markets Review

Why choose Moneta Markets

Offers a wide range of tradable instruments with competitive pricing and multiple platforms.

Pros

  • Diverse asset selection.
  • Low minimum deposit.
  • Advanced trading tools.

Cons

  • Limited regulatory oversight; varied spreads on certain accounts.
Moneta Markets

Moneta Markets

Fee Level:

Medium

Inactivity Fee:

None

Index CFD Fee:

Medium

Investor Protection:

Compensation schemes vary by jurisdiction.

Mobile Platform:

Visit Moneta Markets

Provides a cost-effective trading environment with competitive fees.

Pros

  • No inactivity or withdrawal fees; competitive forex spreads starting from 0.0 pips with commissions.

Cons

  • Limited investor protection depending on regulatory jurisdiction.

Implements security measures such as negative balance protection and segregated client funds.

Pros

  • Offers negative balance protection and segregated client funds.

Cons

  • Limited investor protection for clients in certain regions.

Moneta Markets allows bank transfers, cards, Skrill, Neteller, and crypto. Deposits are instant; withdrawals 1–3 days.

Pros

  • Crypto-friendly, instant deposits, multiple e-wallet options.

Cons

  • Crypto-friendly, instant deposits, multiple e-wallet options.

Moneta Markets offers straightforward sign-up with KYC completed within 24–48 hours.

Pros

  • Fast account opening with a modern interface.

Cons

  • Fast account opening with a modern interface.

Moneta Markets provides a mobile app that is considered better than average in terms of user-friendliness. The app offers essential trading features, real-time market data, and basic charting tools.

Pros

  • User-friendly interface, essential trading functionalities.

Cons

  • Lacks advanced features found in desktop platforms.

Moneta Markets offers multiple platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its proprietary WebTrader. These platforms are enhanced with tools like Trading Central and the Alpha Generation suite of indicators, making them suitable for automated trading, scalping, and news trading.

Pros

  • Advanced analytical tools, support for automated trading, multiple platform options.

Cons

  • Proprietary platform may lack some advanced features of MT4/MT5.

Moneta Markets offers over 300 trading instruments, including forex pairs, indices, commodities, and share CFDs. This range caters to traders interested in diverse markets.

What is Moneta Markets?

Moneta Markets is a forex and CFD broker established in 2019, offering access to over 1,000 tradable instruments, including forex, commodities, share CFDs, indices, cryptocurrencies, bonds, and ETFs. The broker provides multiple trading platforms, such as MetaTrader 4, MetaTrader 5, and its proprietary PRO Trader and AppTrader platforms.

Is Moneta Markets a regulated broker?

Yes, Moneta Markets operates under multiple regulatory authorities: Financial Sector Conduct Authority (FSCA) of South Africa: Moneta Markets (Pty) Ltd is authorized as a Financial Service Provider under license number 47490. MONETAMARKETS.COM Financial Services Authority (FSA) of Seychelles: Moneta Markets Ltd is registered under license number SD144.

How do I open a live trading account with Moneta Markets?

To open a live CFD trading account, Moneta Markets requires 100 points of proof of identity documentation to comply with AML and CTF regulations. You can upload clear pictures of the required documents using a smartphone, digital camera, or scanner during the application process. Alternatively, you can email them to [email protected]. Please note that proof of address documentation is required before any withdrawal requests can be processed.