Moneta Markets Review
Moneta Markets is an online trading broker that offers over 300+ CFDs to trade online via the 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.
Moneta Markets Review, Pros & Cons
- Regulated broker
- 300+ CFD instruments
- Segregated client funds held with National Australia Bank
- Complete & user-friendly Moneta Markets web & mobile platforms
- Exclusive trading tools including market sentiment & market buzz
- Variety of educational materials
- Commission free trading
- Various account currency options
- No US clients
- No MetaTrader platforms
- Demo accounts expire after 30 days
In this detailed Moneta Markets review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Moneta Markets Overview
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 Regulation
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.
Moneta Markets Countries
Moneta Markets do not offer brokerage services to residents of certain jurisdictions such as North Korea, United States and some other regions.
Some Moneta Markets broker features and products mentioned within this Moneta Markets review may not be available to traders from specific countries due to legal restrictions.
Moneta Markets Platforms
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.
Moneta Markets Trading Tools
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 Education
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 Instruments
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.
Moneta Markets Accounts & Fees
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.
As broker fees can vary and change, there may be additional fees that are not listed in this Moneta Markets review. It is imperative to ensure that you check and understand all of the latest information before you open a Moneta Markets broker account for online trading.
Moneta Markets Support
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.
Moneta Markets Deposit & Withdrawal
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.
Moneta Markets Account Opening
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.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the brokers terms, conditions and policies. Only proceed if you fully understand and agree to them.
Moneta Markets Summary
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.
Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. Please read the brokers legal documents and ensure that you fully understand the risks before you make any trading decisions.