Moneta Markets Review
Moneta Markets is a platform that has been around since 2009, and it has quite some experience on the market. It offers a lot of financial instruments for traders, such as cryptos, CFDs, futures, indices, and many others.
The broker has a proprietary web platform, but it also offers trading through the MT4 and MT5 platforms. You can perform your trading sessions almost every day because Moneta Markets is available 24/5.
But all of these may not be enough to trust the platform, so you may have some valid concerns. Thus, is Moneta Markets a reliable broker, and should you trust it? This review will reveal everything you should know about the trading platform.
Who Is Moneta Markets for?
Moneta Markets may be the ideal place for experts in trading who want to have a large variety of instruments with a margin to choose from. There are more than 300 instruments available, and the leverage for them is up to 500:1. So, portfolio diversification becomes possible this way.
Expert traders might also like this broker thanks to the advanced trading platform. A plethora of great features awaits every pro trader.
For instance, there are research offerings that cover more than 35,000 tradable assets, and there is also the option for technical charting and funds management. All in all, this is a good opportunity for experienced traders to take their trading to the next level.
Then, we also think Moneta Markets is good for those who need research and education, especially before they start investing. Moneta Markets has just the right number of tools for this.
Web TV, client sentiment, technical analysis, and financial news are all covered by the broker, giving traders the chance to be up to date before investing. The research tools can be used in order to make informed decisions.
Things We Like
While navigating Moneta Markets, we found different things that we liked. For example, there are plenty of educational materials. You will find education and research tools, which can help users track economic data. Informative video tutorials can also be accessed, adding some extra useful details for traders.
Then, there are also a lot of instruments users can choose from. Over 400 instruments are spread across Australia, Hong Kong, the UK, and many others. They include indices, cryptocurrencies, foreign exchange pairs, commodities, and share CFDs.
We also liked the streamlined onboarding process. Creating an account with Moneta Markets is very quick and very easy as well. It takes less than five minutes to open an account and start trading already. You will be able to deposit money immediately as well.
Lastly, we were impressed by how amazing the trading platform is. People can use MT 4, MT5, and WebTrader, and moving smoothly between each one of them is possible as well.
Things We Don’t Like
A few things here and there disappointed us. For instance, only bank transfer withdrawals are available, which is not ideal if someone wants to use an e-wallet or withdraw to a card instead.
There are very few details about commissions and spreads, and the platform has offshore regulation as well. Not to mention that the minimum deposit is higher compared to other platforms. Clients from the U.S. are not accepted either, so those from the U.S. who want to trade would have to look elsewhere for trading features.
Pros / Cons
- There are no inactivity fees or deposit fees charged
- The research support is amazing
- The trading platform is outstanding
- There is a higher minimum deposit
- U.S. traders are not accepted
Safety and Regulation
With Moneta Markets, people can use MT4, MT5, and WebTrader, and they can switch between them with no issues as well. But that may not be enough to convince you that this is the trader you should move forward with. There are still some details regarding the overall safety of the platform that you should know. Here is some information to keep in mind:
Who Is Moneta Markets?
Moneta Markets is known to be a Vantage International Group Limited subsidiary, and this company not only has a different regulatory license but has also been working since 2009. However, the broker itself is quite new. It only registered in the Cayman Islands in 2018. Then, it also got regulation from the Cayman Islands Monetary Authority.
There are more than 300 instruments offered, and there are over 70,000 client accounts. The trading volume of the accounts is said to be around $100 billion on average. The broker offers not only a web trading platform but also the opportunity to use MT4, MT5, and WebTrader, so people can decide how to build their trading experience.
Is Moneta Markets Regulated?
Moneta Markets is a regulated platform. It is regulated by the VFSC, aka the Vanuatu Financial Services Commission. On top of that, it is a trademark of Vantage International Group Limited. Therefore, the broker is also regulated by the Financial Conduct Authority, the Cayman Islands Monetary Authority, Securities Investment Business Law, and the Australian Securities and Investments Commission.
Moneta Markets Licenses
- Vantage Global Limited – authorized by the Financial Dealers Licensing Act, regulation number 700271
Is Moneta Markets Safe or a Scam?
Moneta Markets is considered safe for the most part because it is regulated. Besides, the client funds are also held at the National Australia Bank, which has a good reputation. So, the broker seems safe so far, or at least when it comes to these aspects.
Countries It Accepts Clients from
People from all over the world can join Moneta Markets, but there may be a few exceptions. Some of the banned countries include Tunisia, Syria, Burma, Afghanistan, Somalia, the U.S., Egypt, Russia, Lebanon, Iran, and Zimbabwe.
Moneta Markets already managed to win some awards. It won the M&A Today – Best Customer Support – CFD Broker award, as well as the CV Magazine – 2020’s most advanced web-based CFD trading platform award.
Range of Offerings and Products
You can trade on over 300 financial instruments with Moneta Markets. These include indices, commodities, Forex, cryptos, and shares. There are also 45 currency pairs and 15 commodities that are traded globally. Over 185 CFDs are offered as well, and more than 15 global indices.
On Moneta Markets, the maximum leverage is 1:500 for Forex. The other markets may have lower limits, such as Indices having up to 1:200, Energy having up to 1:100, soft commodities having up to 1:50, and share CFDs having up to 1:20. Precious metals also have it up to 1:500.
People can trade on the Web Trader platform or choose between MT4 and MT5. The web trader platform is easy to use, and it features 6 chart types and 48 indicators. Moreover, it requires no download.
Meanwhile, MT4 and MT5 have to be downloaded on your desktop. They have multiple built-in indicators. MT4 has expert advisors, and it is fully customizable. MT5 has an economic calendar, 21 timeframes and can hedge trade positions.
The mobile platform is also great, and it is available on both iOS and Android devices. The app offers access to more than 300 markets, has 9 timeframes and 6 chart types, as well as over 45 technical indicators. The app works very smoothly.
With Moneta Markets, you can open ECN and STP trading accounts. The ECN ones have zero-pip spreads and can be used with both the MT4 and MT5 platforms. It is free to open both accounts and no maintenance fees apply.
There is a demo account available. This is great news because it allows you to explore the platform before you get more serious.
Deposits and Withdrawals
With deposits and withdrawals, you always need to make sure you choose the most convenient option. Deposits can be made using bank transfers, cards, or certain e-wallets. Cryptocurrencies can be used as well.
What Is Moneta Market’s Minimum Deposit?
The minimum deposit is $50 for STP accounts and $200 for ECN ones.
Withdrawals can be mainly made using bank transfers. Other methods can only be used if you also used them for deposits.
Moneta Markets Promotions
Moneta Markets has certain promotions at times. For example, currently, people can get a 50% deposit boost as a bonus.
Client Support and Education
Multiple educational materials are offered through a Market Masters course. The trading course will teach people about stock markets and Forex. There will be more than 100 videos people can watch and learn from. Web Trader Platform Tutorials are available as well for those who are new to the world of trading.
Verdict – Overall Rating
Moneta Markets is a good platform with a lot to offer to both beginners and experienced traders. There are many financial instruments, and the trading platforms are professional. Not to mention that the broker is regulated too. It may need to improve a bit on the withdrawal methods, but apart from that, it might be a great choice for your trading sessions.
All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. Our reviews and overall scores are based on the key areas above, in a combination with our opinion and commentary.
The reviews are shared and discussed with the brokers, but the authors of our website always have the final word. Furthermore, we always strive to keep the information on our website updated and relevant for our readers.
What helps us stand out is that we always test our brokers with an anonymous live account, to ensure we deliver the most accurate information and experience to our readers. Finally, our reviews and evaluation are always independent of any financial compensation we may receive from the brokers.
There is a very high degree of risk involved in trading securities.
With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more at Wikipedia.
All investments involve risks and are not suitable for every investor. The value of securities may fluctuate and as a result, clients may lose more than their original investment. The past performance of a security or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against the loss, in a down market.
There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing. More details here.
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