History and Founding
Moneta Markets was founded in 2018 as a subsidiary of Vantage International Group, a broker with over a decade of experience in the financial markets. Moneta Markets specializes in providing a user-friendly trading experience, targeting retail traders with a focus on simplicity, transparency, and advanced trading tools. Headquartered in the Cayman Islands, the broker has quickly gained traction among global traders.
Mission and Vision
Moneta Markets aims to empower traders by offering intuitive platforms, competitive pricing, and a wide range of financial instruments. The broker’s vision is to make trading accessible to everyone, regardless of their experience level, while maintaining transparency and security in its operations.
Global Presence
Moneta Markets serves clients in over 100 countries, offering localized services and multilingual customer support. The broker has established a strong presence in regions like Asia, Europe, and the Middle East, with an emphasis on catering to the needs of retail traders.
Advantages and Disadvantages
Key Strengths
- Regulated in a tier-one jurisdiction.
- Offers indemnity insurance for additional protection.
- Social copy-trading options are available through DupliTrade and ZuluTrade.
- Provides a range of platforms, including MetaTrader, WebTrader, and AppTrader.
Areas for Improvement
- Not ideal for low-cost trading.
- Outdated modules and loading issues on the website.
- Lack of integrated trading tools in WebTrader and AppTrader.
- Limited range of markets compared to top multi-asset brokers.
Security and Regulations
Licenses Held
Moneta Markets is regulated by reputable authorities, including:
- The Cayman Islands Monetary Authority (CIMA).
- The Australian Securities and Investments Commission (ASIC) under its parent company, Vantage Group.
These regulatory frameworks ensure that the broker adheres to international financial standards and provides a secure trading environment.
Fund Segregation and Insurance
Moneta Markets holds client funds in segregated accounts with Tier-1 banks, ensuring that client funds are kept separate from operational funds. The broker also offers negative balance protection, safeguarding traders from losing more than their deposited capital.
Tradable Instruments
Forex Pairs
Moneta Markets offers access to over 45 forex pairs, including major, minor, and exotic currency pairs. The broker’s competitive spreads and fast execution make it ideal for forex traders.
Commodities
Traders can access a variety of commodities, such as gold, silver, crude oil, and natural gas. These instruments are available as CFDs, providing flexible trading opportunities.
Indices
Moneta Markets supports trading on major global indices like the S&P 500, NASDAQ, FTSE 100, and DAX, allowing traders to speculate on the performance of key stock markets worldwide.
Cryptocurrencies
The broker offers popular cryptocurrency CFDs, including Bitcoin, Ethereum, Litecoin, and Ripple, enabling traders to benefit from the volatility of digital assets without owning them outright.
Stocks
Moneta Markets provides access to a broad range of stocks from global markets, including US, European, and Asian equities, giving traders opportunities to invest in the world’s leading companies.
Account Types
Direct
| Minimum deposit | 0 |
|---|---|
| Commission | 1.2 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1000:1 |
| Margin call level | 100 |
| Stop-out level | 50 |
Prime
| Minimum deposit | 0 |
|---|---|
| Commission | 0.0 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1000:1 |
| Margin call level | 100 |
| Stop-out level | 50 |
Ultra
| Minimum deposit | 0 |
|---|---|
| Commission | 0.0 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 500:1 |
| Margin call level | 100 |
| Stop-out level | 50 |
Fees and Charges
Spreads and Commissions
Moneta Markets offers tight spreads, starting from 0.0 pips on ECN accounts. The Standard Account has slightly wider spreads but no commission fees, making it suitable for less active traders.
Swap Rates
Swap rates are applied to positions held overnight. However, Islamic accounts are exempt from swap fees, catering to traders who adhere to Sharia law.
Inactivity Fees
Moneta Markets charges an inactivity fee for accounts that remain dormant for an extended period. Traders are advised to review the broker’s terms to avoid unnecessary charges.
Trading Platforms
| Available tools | Forex, ETFs, Futures, Commodities, Stocks, Indices, Metals, Energy, CFDs |
|---|---|
| CFD | Forex: 45 ETFs: 49 Futures: 8 Commodities: 5 Stocks: 600 Indices: 18 Metals: 3 Energy: 6 |
Moneta Markets WebTrader
The proprietary WebTrader platform is the cornerstone of Moneta Markets’ offering. It features an intuitive interface, advanced charting tools, and one-click trading. The platform is accessible via web browsers, eliminating the need for downloads.
MetaTrader 4
For traders seeking a more traditional platform, Moneta Markets provides MetaTrader 4 (MT4), known for its robust technical analysis tools, automated trading capabilities, and a wide range of indicators.
Mobile Trading Apps
Moneta Markets offers mobile trading apps for both iOS and Android devices. These apps replicate the functionality of the desktop platforms, allowing traders to manage their accounts and execute trades on the go.
Customer Support
Steps to Register
Registering with Moneta Markets is straightforward. Clients can complete the online application form, submit verification documents, and fund their accounts to start trading. The process is user-friendly and takes just a few minutes.
Verification Requirements
To comply with KYC regulations, Moneta Markets requires proof of identity (e.g., passport or government-issued ID) and proof of address (e.g., utility bill or bank statement). Verification is typically completed within 24-48 hours.
Deposits and Withdrawals
Payment Methods
Moneta Markets supports a variety of payment methods, including credit/debit cards, bank transfers, and e-wallets like Skrill, Neteller, and PayPal. The broker also accepts cryptocurrency deposits for added convenience.
Processing Times
Deposits are processed instantly for most payment methods, while withdrawals typically take 1-3 business days, depending on the chosen method.
Associated Fees
Moneta Markets does not charge fees for deposits, but withdrawal fees may apply depending on the payment method. Traders should check the broker’s website for detailed information.
FAQ
Is the broker regulated?
Yes, Moneta Markets is regulated by the Cayman Islands Monetary Authority (CIMA) and operates under the ASIC-regulated Vantage Group.
What trading platforms are available?
Moneta Markets offers its proprietary WebTrader platform and MetaTrader 4 (MT4).
What is the minimum deposit required to open an account?
The minimum deposit for a Standard Account is $50, while ECN accounts require a higher initial deposit.
What types of accounts does the broker offer?
Moneta Markets provides Standard, ECN, and Islamic accounts to cater to different trader needs.
What fees and commissions are charged?
Fees depend on the account type. ECN accounts have raw spreads with a commission per trade, while Standard accounts offer wider spreads with no commissions.
What is the maximum leverage available?
Moneta Markets offers leverage up to 1:500, depending on the account type and regulatory restrictions.
Are demo accounts available?
Yes, Moneta Markets provides demo accounts for traders to practice and test strategies without risking real capital.
How can I contact customer support?
Moneta Markets offers 24/5 customer support via live chat, email, and phone. Multilingual support is available for clients worldwide.