Review of Moneta Markets
Moneta Markets has a monthly trading volume of over $100 billion and is open to traders worldwide. It offers over 300 assets to trade, including some cryptocurrencies, and has a scaling account system where professionals can access higher leverage. Keep reading to find out whether you should sign up.
Pros & Cons
What can I do with Moneta Markets?
With Moneta’s proprietary trading platform it’s easy to start trading directly in the browser. Clients also have the option of a mobile app and a demo account to start practicing with. Professional traders have access to higher leverage of up to 1:500 and a series of advanced trading tools and charts.
Moneta Markets markets, assets, and options
What assets and products can you trade on Moneta Markets?
There are over 45 forex pairs to choose from, including the popular GBP/USD, USD/JPY, and EUR/USD pairs. There are 15 trading commodities, so you can have access to diverse markets like oil, gas, and gold via CFDs (contracts for difference) that are priced on physical assets.
What leverage trading options are there?
Trading with Moneta Markets allows you to operate with fixed or floating leverage.
Moneta Markets leverage is determined by various measures and firstly set according to the regulatory requirements in the region, which means EU customers have access to maximum leverage of 1:30. The maximum leverage allowed on Moneta Markets is 1:500.
Don’t forget that trading with leverage requires extensive knowledge and understanding of the market and often results in losses even for experienced traders.
|Product (CFDs)||Maximum leverage||Margin|
What are the spreads?
There is no commission charged on trades, which means that Moneta Markets uses a variable spread mark-up. The spreads depend on the type of asset you want to trade. For instance, the spread for the Forex EUR/USD currency pair is 1.3 pips, which is within normal limits and similar to what is charged by other brokers.
|Product||Average spread||Fixed or variable?|
Fees, limits, and payment options on Moneta Markets
What are the deposit and withdrawal fees, limits, and speeds?
Moneta Markets offers multiple, convenient deposit and withdrawal options, including the most common payment methods, such as credit card, bank transfers, and even some third-party payment providers.
All deposits are commission-free, while fees for withdrawals depend on the payment processing system.
1 business day
1-2 business days
1-2 business days
2-3 business days
|Bitcoin via Skrill|
1.45%, min 0.50 EUR fee
1% for EUR/ 2.99% conversion fee
How much are Moneta Markets’s fees and commissions?
Fees are variable, depending on the type of asset you want to trade, trading volume, and the type of account you open. For basic InstaEurica accounts, fees vary from 0.03% to 0.07% per lot.
|Fee type||Fee amount||Commission|
|Fee type||Fee amount||Commission|
|Inactivity fee||$10 per month for accounts that are dormant more than 12 months||None|
Moneta Markets trade sizes and limits
The minimum trade is always 0.01 lots, while the maximum trade you’re allowed to put on in one order is 10,000 lots. This is standard among forex and CFD brokers.
|Product||Minimum trade||Maximum trade|
|Product||Minimum trade||Maximum trade|
|Forex||0.01 lots||10,000 lots|
|Stocks||0.01 lots||10,000 lots|
|Commodities||0.01 lots||10,000 lots|
|Metals||0.01 lots||10,000 lots|
|Indices||0.01 lots||10,000 lots|
|Cryptocurrency||0.01 lots||10,000 lots|
Moneta Markets trading platform
What devices can I use Moneta Markets on?
Moneta Markets offers full integration with the Web Trader platform, in addition to its own Moneta Platform. Both platforms are available in the browser or in mobile app version:
- Web browser
- iOS Mobile Device
- Android Mobile Device
Can I use Moneta Markets in my country?
Moneta Markets is open to traders from around the world with some restrictions. Traders are welcome from Australia, Germany, France, and Belgium. Select your country from the list below to see if it is available where you are.
Is Moneta Markets available in my language?
Moneta Markets offers support for clients worldwide, in various languages such as English, German, French, and Italian. Select your language from the list below.
How easy is it to use Moneta Markets?
The Moneta Markets Web Trader and Moneta Platform trading interface is designed with user navigation in mind while offering easy market access. The platform is stable with fills on almost all trades with spread precision.
The AppTrader mobile app is similarly easy to get started with and is a powerful, compact trading suite offering a client portal so you can make deposits/withdrawals while on the go and one-click trading.
Moneta Markets Bank represents a safe, stable platform choice for traders, here are some of the key features the broker offers:
Gauge live trader sentiment with the Forex Sentiment indicator which shows the percentage of Moneta traders that are long or short an instrument or FX pair. This gives you an edge whether you want to trade with the trend or be a contrarian and go against the consensus.
With DupliTrade, all Moneta Markets’ clients can automatically duplicate the trades of successful proprietary traders. Choose who you want to follow based on their trading method, style, and more.
Moneta Markets takes trader education a step further by offering a dedicated online channel, complete with the latest trading news and other programming. You can get daily trade ideas and gain insights into the global markets, as well as fundamental and technical analysis tips.
Security and regulation
Is Moneta Markets safe?
Moneta Markets provides negative balance protection and all transactions are encrypted with 128-bit encryption to keep your funds safe.
Am I and my funds protected?
Clients’ funds are held in a segregated account with Australia’s AA-rated National Australia Bank (NAB), which means your funds are insured with depositor protection.
Is Moneta Markets regulated?
Moneta Markets fully complies with the strict financial regulations set out by the jurisdictions in which the company is regulated. Vantage Global Limited, the trading name of Moneta Markets, is authorised and regulated by the Cayman Islands Monetary Authority (CIMA), Securities Investment Business LAW (SIBL) no. 1383491.
Vantage Global Limited is also authorised and regulated by the Vanuatu Financial Services Commission (VFSC) under Section 4 of the Financial Dealers Licensing Act [CAP 70] (Reg. No. 700271) and is registered at iCount Building, Kumul Highway, Port Vila, Vanuatu.
Do I have to verify my account with Moneta Markets?
Yes, Moneta Markets follows a KYC (Know Your Customer) policy that requires all clients who want to open a live trading account to submit personal information, including proof of residence and proof of ID.
Moneta Markets also offers the option of opening a demo account, which doesn’t require any personal information. However, the demo account is only available for 30 days and doesn’t allow you to trade with real money.
Moneta Markets offers a series of educational resources to meet the needs of both beginner and professional traders alike. Clients have access to Moneta TV where they can see the latest news and forecasts of the financial market and browse through over 100 video tutorials to learn more about trends, strategies, and trading psychology.
Tools and charting
Moneta Markets offers a series of useful trading tools, including signals, multi time frame charts, technical analysis tools, calculators, and even a Market Buzz next-gen AI market news section. However, being a web-based platform, custom indicators and EAs aren’t able to be used at the moment, which means you cannot perform any automated trades.
Moneta Markets’ customer support has a good reputation online and the broker claims it has a “dedicated, multilingual support team” ready to provide technical support 24/5. There is a live chat section, a phone number for UK-based clients, and another one for international clients, as well as a support email address (firstname.lastname@example.org).
Moneta Markets is an established and regulated broker with clients around the world. The broker offers over 300 instruments to trade, including forex pairs, stocks, indices, and cryptocurrency CFDs while offering the choice of two different trading platforms.
Moneta Markets keeps a transparent fee policy and offers a series of accounts for different types of traders, including a free demo account to test your strategies and get familiar with the platform before going live. There are also educational resources, from a complete suite of video tutorials to daily market updates and analysis.
There is a lot to like about Moneta Markets, from its experience to its stability to the number of options and tools it gives traders. If you are looking to access multiple markets with lots of leverage as an option, Moneta Markets may be for you.
How to open an account with Moneta Markets
- You can open an account with Moneta Markets by going to the main web page and selecting the “Open Account” tab at the top.
- Add in your personal information: name, email, and create an account password
- Complete account verification and upload your ID documentation
- Your account is now registered and you are ready to trade!
Moneta Markets is the trading name of Vantage Global Limited, an entity authorized and regulated by the Cayman Islands Monetary Authority (CITA).
Moneta Markets makes money from the variables fees it charges on every trade placed via its trading platform.
The broker also charges a $10 per month inactivity fee for accounts dormant for more than 12 months.
Depending on your country of residence, you may be required to pay taxes on any Moneta Markets profits you make after a certain amount. We suggest checking with your local legislation to determine the limits and the exact regulation.
Yes, Moneta Markets offers the option to trade a wide array of CFDs.
There are a couple of ways to sell with Moneta Markets depending on what trading platform you are using. For example, with WebTrader you can opt for one-click trading within charts (agree to the Terms and Conditions of One-Click trading) or if you are trading with the Moneta platform, you can choose the asset you want to sell and the quantity and click on the “Sell” button.
To close your account, simply send the customer support team a written instruction via email and they will process your request immediately.
Since Moneta Markets is primarily a CFD broker, shorting is as simple as going to the Market Watch tab in your trading dashboard and clicking “Sell at Market”.
Go to Login and click on the button on the right, “Forgot your password”. Input the email address you used to register to Moneta Markets with and a new password will be sent to that address.
No, PayPal is not listed as a payment method with Moneta Markets at this time.
If Moneta Markets shuts down unexpectedly, any order will remain pending until you can log into your account again and complete it. You can check the status of your orders by logging into the trading platform of your choice.
In the event that Moneta Markets ceases operations altogether, clients’ funds are held in a segregated account with Australia’s AA rated National Australia Bank (NAB) which offers depositor insurance and the broker also has Professional Indemnity Insurance in place, which covers the work done by their representatives, employees and other authorised representatives.
Yes, To view your trading history, log into your trading dashboard and go to the “terminal window”. Choose the “Account history” tab at the bottom, then right-click within to choose custom dates and even save your data to your computer.
Yes, you can pay with Bitcoin via Skrill which is a deposit option with Moneta Markets.
Moneta Markets runs several partnership programs, including an introducing broker program and a CPA affiliate program, both of which offer cash rewards for introducing new traders to the broker who go on to make cash deposits.