Moneta Markets Review
Richard Montana | March 25, 2022
Table of Contents
Moneta Markets is an online trading broker that offers over 300+ CFDs to trade online via MetaTrader 4 and the brokers proprietary Moneta Markets WebTrader and mobile trading app. The broker has a range of exclusive trading tools and educational materials along with various account funding options including online payment processors for quick and easy funding. You can trade with zero commission fees on hundreds of financial instruments across different asset classes, with tight spreads and super rapid trade execution speeds at the best available prices from deep liquidity pools. Moneta Markets is a regulated broker with top-class trading conditions and around the clock support.
Broker Pros / Cons
- Regulated broker
- 300+ CFD instruments
- Complete & user-friendly Moneta Markets web & mobile platforms
- Popular & versatile MT4 platforms
- Exclusive trading tools including market sentiment & market buzz
- Variety of educational materials
- Commission free trading
- Various account currency options
- Low spreads & reliable execution speeds
- Islamic accounts
- Free demo accounts
- Excellent customer support
- Segregated client funds held with National Australia Bank
- No US clients
- Demo accounts expire after 30 days
Moneta Markets is an online trading broker that offers clients from around the globe access to trade Forex, Indices, Commodities, Cryptocurrencies and more. The broker has over 300+ CFDs available to trade online through their next-gen WebTrader platform with up to 1:500 leverage and a minimum deposit requirement of $200.
Moneta Markets is a subsidiary of Vantage International Group Limited (VIG), and leverages over 10-years’ experience as a global financial markets’ specialist. Established in 2009, VIG is licensed in 3 jurisdictions, and handles an average trading volume in excess of $100 billion, monthly.
Moneta Markets has been established to pursue the VIG vision of developing easy and transparent market access for retail clients world-wide.
Moneta Markets’ goal is to provide award-winning service for traders across the globe, and has been recognized by M&A Today for offering the “Most Advanced Web-based CFD Trading Platform” as well as claiming the title of “Best Customer Support” in CV Magazine’s Corporate Excellence awards.
Moneta Markets is a trademark of Vantage International Group Limited. The Vantage Group of companies is authorized and regulated in various jurisdictions including:
Vantage International Group Limited trading under Vantage FX, is authorised and regulated by the Cayman Islands Monetary Authority (CIMA), Securities Investment Business Law (SIBL) number 1383491.
Vantage Global Prime Pty Ltd trading under Vantage FX, is regulated by the Australian Securities and Investments Commission (ASIC), AFSL no. 428901.
Vantage Global Prime LLP is authorised and regulated by the Financial Conduct Authority, FRN: 590299.
Vantage Global Limited is authorised and regulated by the VFSC under Section 4 of the Financial Dealers Licensing Act.
Moneta Markets do not offer brokerage services to residents of certain jurisdictions such as North Korea, United States and some other regions.
Moneta Markets provide online traders and investors with quick and flexible access to the global financial markets via the Moneta Markets WebTrader platform. The platform requires no downloads whilst you can enjoy instant and easy access to over 300+ tradable instruments. It has an intuitive interface that is user-friendly and fully customisable to suit your individual trading needs. There is also a MobileTrader app for iOS and Android which is useful for those who wish to access their accounts and trade whilst on the go.
The Moneta Markets WebTrader is a complete all-in-one platform that not only has an abundance of technical indicators and chart types for various trader needs, but also an in-built Client Portal for account management along with quick and easy deposits and withdrawals.
Traders of all levels can trade 300+ global markets on the award-winning MetaTrader 4 platform. When you trade with the Moneta Markets MT4 platform, you’re trading on the world’s most popular forex trading platform due to its robust performance and suite of thousands of indicators and EAs.
Your MT4 account also integrates seamlessly with your WebTrader platform, so you can choose to trade on the either platform, at any time.
The Moneta Markets MT4 platform offers traders the most powerful forex charting solution available. Traders can not only customise all aspects of their charts, but also access 40+ built-in indicators for all trading styles, whether short, medium, or long-term strategies.
MT4’s custom scripting language, MQL4 also allows traders to code their own custom indicators and even automate trading strategies so they can truly trade the markets 24/5 using one, or multiple EAs (Expert Advisors), whether coded yourself or downloaded from the MT4 codebase.
When you trade using MetaTrader 4, you are able to take advantage of ultra-fast execution so you can take advantage of rapid price movements across a range of trading instruments, whether you prefer to trade manually or using an automated trading robot.
Moneta Markets clients get access to an exclusive set of trading tools to gain an insight into what is moving the global markets. Featuring real-time macro-economic news, live trading signals, streaming market buzz and in-depth crowd insights, you can unlock some of the tools that can give your trading an edge.
There is a market sentiment tool provided that shows you the percentage of the brokers clients who are long and short on specific trading instruments. This is a good way to gauge the sentiment of other traders and frequently used as part of a contrarian trading strategy.
The broker provides an economic calendar where you can keep an eye on market moving news events and explore the events that impact the global markets. This is an important tool of fundamental analysis for short and long-term traders alike, the Moneta Markets economic calendar can help with your daily trading decisions. You can filter the calendar to show only the news relevant to you and see the previous, expected and actual impact of news releases.
Daily Technical Analysis
Moneta Markets offer clients daily technical analysis which covers the global Forex, Indices, Commodity and Share markets. These technical analysis ideas can give market insights and help to inspire potential trading opportunities.
Featured ideas gives access to personalised trade ideas in real-time. Whether you are a scalper, swing trader, or long-term trader, you can filter trade ideas by time frame, indicators, and candlestick patterns to find the best setups for your trading style. To gain access to real-time trade setups, you need to have a live account that is funded with $500 or more.
You can follow the markets that are moving with AI Market Buzz tool. Clients can use the tool to find out what drives the global markets with access to all the latest news coverage, media content, and price events across all markets. The AI buzz meter shows the volume of social media chatter and news about your favourite assets so you don’t miss a thing. You can view the ratio of professional financial media versus social media mentions so you can filter the noise accordingly. To gain access to Market Buzz, you need to have a live account that is funded with $500 or more.
Moneta Markets Forex calculators can help you to make informed trading decisions and find key price levels for money management. All values are calculated in real-time and based on live market prices. The calculators include very useful Fibonacci and pivot point calculators.
Moneta Markets provide clients with a variety of educational resources which can help improve your trading knowledge whilst also showing that the broker encourages informed trading.
Clients can unlock the brokers exclusive market master’s forex trading course. This course teaches the basics of the forex and stock markets as well as in introduction to technical and fundamental analysis trading techniques. To gain access to the full Market Masters video course featuring 100+ advanced trading tutorials, you need to have a live trading account with $500 or more.
The brokers website has a variety of video tutorials on how to make the most of the Moneta Markets WebTrader platform. Clients can gain additional agility, precision, and learn handy platform shortcuts with the brokers suite of Moneta Markets WebTrader video tutorials.
Moneta Markets offer market news which covers the latest happening in various global markets. This can be helpful when incorporated as part of the fundamental analysis of a trading strategy and helps clients keep their pulse on the latest financial news that can impact their trading.
On the brokers website, there is a frequently asked questions (FAQ) section that covers some of the most commonly asked questions along with answers. They cover a variety of topics including the company, accounts, platforms and more.
Moneta Markets have a selection of over 300+ CFDs for trading online in various asset classes including Forex, Indices, Commodities, Cryptocurrencies and more.
A contract for difference (CFD) is a financial derivative. CFDs enable you to speculate on rising or falling prices without taking ownership of the underlying asset, and can be used to trade a range of markets including Stocks, Shares, Forex, Indices and Commodities.
The broker offers a standard CFD account to all clients with zero account opening or maintenance fees. There is no commission charged on trades which does mean there is a spread mark-up. The minimum deposit required is $200 whereas flexible leverage of up to 1:500 is available. Unfortunately, the broker does not currently offer an Islamic account option.
Moneta Markets offer demo account that last for 30 days before your login will expire. The broker encourages new traders to demo trade until they are comfortable with both the Moneta Markets WebTrader platform as well as their own trading strategy.
Moneta Markets have award winning customer service. There is a dedicated, multilingual support team that are available to provide you with an exceptional level of customer service and technical support, 24/5. The broker pride themselves on exceptional client support. If you have any questions or need assistance, you can contact the broker via telephone, email or online chat.
You can make deposits and withdrawals to and from your trading account quickly and easily from within the Moneta Markets WebTrader platform using a variety of methods. This includes bank wire, credit/debit card and online payment systems such as PayPal, Neteller and Skrill.
Payment options available to you may vary depending on your account base currency and your jurisdiction. Available payment options can be viewed in your client portal. Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal.
Some fees may be charged when using certain payment methods. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant.
Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries. Moneta Markets strictly does not accept third-party payments. All funds deposited into your trading account must be under the same name as your Moneta Markets trading account. Payment from joint bank accounts or credit cards are accepted if the trading account holder is one of the beneficiaries.
There is a restriction on first time funding of an account by card at $1,000 AUD or equivalent. If your initial deposit to your account by card is more than $1,000 AUD or equivalent, your initial deposit will be refunded back to your credit card. There is a restricted maximum deposit of $10,000 AUD or equivalent per transaction, per card, per account a day.
Accounts can be opened USD, AUD, EUR, GBP, NZD, SGD, JPY, CAD. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
It is quick and easy to open a Moneta Markets trading account, taking around 5 minutes. There is a short online form to complete where you will need to private some personal information. In order to verify your account, you will need to provide proof of identification and address. This can be a passport, driver’s license, bank statement and utility bill. Account verification is a normal part of a brokers KYC procedures. Once your account has been verified, you can fund it using a range of funding methods and access 300+ trading instruments across multiple asset classes.
What is the Moneta Markets minimum deposit?
The minimum deposit required to open a trading account and start trading online with Moneta Markets is $200.
How do I deposit money into Moneta Markets?
You can fund your Moneta Markets account in an instant using 8 different methods, including Wire Transfer, Credit/Debit Card, PayPal and more.
What are Moneta Markets deposit fees?
Moneta Markets does not charge a deposit fee. However, please note payments to and from overseas banking institutions may attract intermediary transfer fees from either party which are independent of Moneta Markets.
How do I withdraw money from Moneta Markets?
Once your Proof of Address documentation is verified, Moneta Markets clients can withdraw funds directly from the Moneta Markets WebTrader platform. Simply log in to the your WebTrader platform, click your account name, and select “Withdraw”.
Due to AML / CTF laws, Moneta Markets cannot deposit funds to third parties. All money withdrawn from your account must go to a bank account in the same name as your Moneta Markets trading account.
Bank wire withdrawal requests must be verified for safety and security by the provision of a bank statement; which includes account holder information and bank details.
Withdrawals are generally processed within 24 hours. Depending on the withdrawal method chosen, it can take between 1-7 business days for you to receive your funds. The company cannot be held liable for any deposit/ withdrawal processing delays that are caused by payment systems.
What are the Moneta Markets withdrawal fees?
While Moneta Markets do not charge any fees, you may still need to pay other charges made by the banks and any intermediaries involved at your expense. In general, an international bank wire transfer costs around $25.
What is the Moneta Markets commission fee?
Moneta Markets offer commission free trading.
Are there any Moneta Markets inactivity fees?
Unlike many other trading brokers, Moneta Markets does not apply an inactivity fee.
What are the Moneta Markets account types?
Moneta Markets offers clients three main account types called Moneta STP, Moneta ECN and Moneta Prime along with demo accounts and an Islamic swap free account.
Is there a Moneta Markets demo account?
Yes, the Monet Markets demo account mimics a live trading account. Traders have access to the same functions, features and products as a live trading account. You can practice your trading strategies and try out the trading platforms risk free. A demo account can be opened quickly and easily via the ‘Demo’ button in the top right-hand corner of the website.
What are the Moneta Markets spreads?
All Moneta Markets’ clients can experience some of the lowest costs in the industry when trading the world’s most liquid markets with razor-sharp ECN spreads from 0.0 pips.
What is the Moneta Markets leverage?
Moneta Markets’ standard Forex leverage starts at 1:500 for FX pairs. The maximum leverage Moneta Markets may offer is up to 1:500 for FX, however you can reduce this to suit your risk appetite and trading strategy.
Do Moneta Markets allow hedging, scalping, news trading & expert advisors?
Yes, the broker does not implement any certain restrictions on your trading strategies.
Is there a Moneta Markets Islamic account?
Yes, the Moneta Markets Islamic Account offers swap-free trading for clients of Muslim faith. The Islamic forex trading environment is ideal for traders following strict sharia law with a fixed fee instead of swap. The fee is not an interest and depends on the direction of the order.
What are Moneta Markets trading instruments?
With Moneta Markets, you can trade over 300 instruments such as Currencies, Commodities, Indices and Share CFDs through the Moneta Markets WebTrader and AppTrader platforms.
How do I open a Moneta Markets live account?
To open a Moneta Markets live trading account, click the green ‘Sign Up’ button at the top right-hand corner of every page on the brokers website. Complete the application, provide the required documentation for proof of identity and once approved, your new account details will be emailed to you.
How do I verify my Moneta Markets account?
You can verify your Moneta Markets account by providing a proof of identification and up to date proof of address, no more than 6 months old.
What is Moneta Markets trading platform?
Under Moneta Markets’s partnership with MetaQuotes, Moneta Markets offers Forex, Commodities, Indices and Share CFDs on the industry-leading MetaTrader 4 and WebTrader platforms.
Moneta Markets clients can take advantage of our proprietary trading app, ‘AppTrader’. This mobile phone-based application can be used with Moneta Markets trading accounts. Moneta Markets also offer other traditional mobile platforms offered by MetaQuotes for both Apple and Android OS-based devices.
Should the clients want to access their trading platform on the go without having to go through the whole installation process, our Webtrader platform serves the perfect usage to them.
Where can I download Moneta Markets platform?
To download the Moneta Markets platforms, simply log into your client portal and select “MT4 Download”, then choose your platform of choice for your device.
Where is Moneta Markets located?
Moneta Markets is a Cayman Islands regulated broker that is backed by its larger parent, Vantage Group, which is regulated in tier-1 jurisdictions.
Is Moneta Markets regulated?
Yes, Moneta Markets is a trademark of Vantage Global Limited. Vantage Global Limited is authorised and regulated by the Vanuatu Financial Services Commission (VFSC).
What countries does Moneta Markets not accept?
Moneta Markets do not offer our services to residents of certain jurisdictions such as Italy, Spain, North Korea, Japan, United States and some other regions.
Is Moneta Markets a scam?
No, Moneta Markets is not a scam. They are a well-known online brokerage firm that provides competitive trading conditions to traders all over the globe.
How can I contact Moneta Markets support?
You can contact Moneta Markets client support via live chat, telephone, email and various social media channels.
|Broker Features||AvaTrade||IG||IC Markets|
|Regulated||ASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSA||FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF||ASIC, CySEC, FSA, SCB|
|Country||Australia, Ireland, South Africa, Japan, British Virgin Islands||Australia, UK, USA, Switzerland, UAE, Singapore, Japan||Australia, Seychelles, Bahamas, Cyprus|
|Min. Deposit||Min $250 Deposit||Min $100 Deposit||Min $200 Deposit|
|Commission||From $0||From $0||From $0|
|Instruments||Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFs||Forex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDs||Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs|
|Platforms||MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, Mobile||MetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, Mobile||MetaTrader 4, MetaTrader 5, cTrader, Web, Mobile|
|Type||Market Maker, STP||STP, ECN, DMA||ECN|
|Funding||Wire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, Skrill||Wire Transfer, Credit/Debit Cards, PayPal||Wire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli|
|Visit Broker||Visit Broker||Visit Broker||Visit Broker|
Overall, Moneta Markets is a regulated brokerage firm with a solid online trading service. This includes commission free trading although spreads are marked up to cover costs. They have a variety of trading instruments across multiple asset classes that are accessible via a user-friendly trading platform for web and mobile devices. The broker provides a good range of trading tools and educational materials along with multiple funding options and 24/5 customer support.