Moneta Markets Review

Richard Montana | November 17, 2022

Moneta Markets is an online trading broker that offers a great range of over 300+ CFDs for you to trade online via MetaTrader 4 and the brokers proprietary Moneta Markets WebTrader and mobile trading app. The broker has an extensive 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.

Pros & Cons
  • Generous range of 300+ CFD instruments
  • Powerful and user-friendly Moneta Markets web and mobile platforms
  • Popular and versatile MT4 platforms
  • Exclusive trading tools including market sentiment and market buzz
  • Good variety of educational materials
  • Commission free trading
  • Various account currency options
  • Low spreads and reliable execution speeds
  • Islamic accounts
  • Free demo accounts
  • Excellent 24/5 customer support
  • Cannot accept clients from certain countries due to regulations
  • Demo accounts expire after 30 days
  • Not the lowest spreads
  • Limited choice of account types
  • No managed account options
  • Do not currently support crypto funding

Summary

Moneta Markets provide top class trading products and services to clients from all around the globe. You can get uninterrupted access to trade all of your favourite instruments including Forex, Indices, Commodities and Cryptocurrencies. The broker has something for everyone to trade online through their next-gen WebTrader platform with up to 1:500 leverage and a minimum deposit requirement of $200. If this is out of your reach at the moment, you might want to look at Fusion Markets instead as they have a small $1 deposit in comparison. That being said, you can always start on a demo account before making a financial commitment.

Moneta Markets Broker Features

Moneta Markets Broker Features

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. This broker has been established to pursue the VIG vision of developing easy and transparent market access for retail clients world-wide. The brokers goal is to provide award-winning service for traders across the globe, and they have gone some way to achieving that having been recognized by winning numerous awards over the years in which they have been operating. I have held an account with them for a while and have never had any problems.

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Our #1 Broker 2022
AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Regulation

The broker is regulated which gives me confidence that they will operate in an honest and transparent manner. This allows me to focus on my trading and means that I can trust them with my funds. Regulation helps to ensure that they must follow certain rules and procedures that are put in place to protect investors. 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)
  • Vantage Global Prime Pty Ltd trading under Vantage FX, is regulated by the Australian Securities and Investments Commission (ASIC)
  • Vantage Global Prime LLP is authorised and regulated by the Financial Conduct Authority (FCA)
  • Vantage Global Limited is authorised and regulated by the Vanuatu Financial Services Commission (VFSC)

Countries

The broker does not currently offer brokerage services to residents of certain jurisdictions such as North Korea, United States and some other regions. if you find that your country is not accepted for whatever reason, please feel free to peruse our broker reviews for an alternative option.

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.

Moneta Markets WebTrader Platform

Moneta Markets WebTrader Platform

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. I like how the web platform can be accessed from any device and is always up to date.

MetaTrader 4

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.

Moneta Markets MT4 Platforms

Moneta Markets MT4 Platforms

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.

I have been using MT4 since I first started trading many years ago. I have tried many other trading platforms but never felt the need to make the permanent change over. This platform does everything that I need it to and much more. I like how it has endless charting possibilities and is perfect for running my automated trading strategies. If you are new to trading then I would certainly suggest giving MT4 a try even if it is only on a demo account to begin with. Another great advantage of this platform is that you will find it available from most brokers. This will save you from needing to learn a new platform every time you switch brokers. There is a newer version of MetaTrader, MT5, You can get that from other brokers such as Clicktrades. It has more or less the same interface with more features and functionalities.

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. If you like to experiment with tools then I can recommend having a look at the great selection that Markets.com have.

Market Sentiment

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. I really like this tool and feel it is an underrated part of market analysis. After all, the sentiment is what helps to move the markets.

Moneta Markets Market Sentiment

Moneta Markets Market Sentiment

Economic Calendar

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. I think this is a vital tool and always like to check the news before taking a position.

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

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.

Moneta Markets Featured Ideas

Moneta Markets Featured Ideas

Market Buzz

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 Market Buzz

Moneta Markets Market Buzz

Forex Calculators

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.

Education

Moneta Markets provide you with a great variety of educational resources which can help improve your trading knowledge whilst also showing that the broker encourages informed trading. Fortrade also have a good selection of educational content if this is something that you are looking for in a broker.

Market Masters

You 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. It is good to see a broker provide such material for free considering I have seen similar being sold elsewhere for thousands. Learning to trade isn’t cheap!

Moneta Markets Market Masters Trading Course

Moneta Markets Market Masters Trading Course

Video Tutorials

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.

Market News

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.

FAQ

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. This isn’t anything ground-breaking but goes to show that the broker has all basis covered.

Markets

Moneta Markets have a generous selection of over 300+ CFDs for trading online in various asset classes including Forex, Indices, Commodities, Cryptocurrencies and more. You can trade everything from major currency pairs to trending cryptos and popular stocks.

A contract for difference (CFD) is a financial derivative. CFD trading enables 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.

Accounts

Standard Account

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. Therefore, I didn’t find the spreads to be the lowest. If you require tight spreads, then Pepperstone might be worth considering instead. The minimum deposit required is $200 whereas flexible leverage of up to 1:500 is available.

Demo Account

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. I would always start on a demo account to begin with as it can be a great way to try different strategies and see if the broker is suitable for your needs. It is a shame that the account expires because I feel more than 30 days is needed for those who don’t have any prior trading experience. I used a demo account for many months before switching over to a real trading environment. You can get a non-expiring demo account from XM Group.

Account Signup

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.

Support

I am distinctly impressed with the brokers 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. This is an area in which they really excel from my experience. I have always received a prompt and very help response to all of my questions. It would be great if they could expand working hours to weekends just as Plus500 do.

Funding

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. I like the convenience of the digital wallet options but would like to see some crypto options supported. If you are looking for a broker that offers crypto funding, Hugo’s Way are an option.

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 in a fantastic variety of currencies including 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.

Compare Broker Features

Compare Brokers (vs Our Top 3 Brokers)
This BrokerAvaTradeIGIC Markets
Founded200619742007
RegulatedADGM FRSA, ASIC, BVIFSC, CBI, FFAJ, FSCA, IIROC, JFSAASIC, BaFin, CFTC, DFSA, FCA, FINMA, FMA, FSA, FSCA, JFSA, MAFF, MAS, METI, NFAASIC, CySEC, FSA, SCB
Min. Deposit$100$250$200
CommissionFrom $0From $0From $0
SpreadsFixedVariableVariable
Leverage1:4001:2001:500
InstrumentsForex, Commodities, Crypto, Stocks, Indices, Options, Bonds, ETFsForex, Commodities, Crypto, Stocks, Indices, Options, Bonds, ETFsForex, Commodities, Crypto, Stocks, Indices, Bonds
PlatformsMetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTradeMetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX APIMetaTrader 4, MetaTrader 5, cTrader
FundingBank Transfer, Credit/Debit Card, E-WalletsBank Transfer, Credit/Debit Card, E-WalletsBank Transfer, Credit/Debit Card, E-Wallets
TradeTradeTradeTradeTradeTradeTradeTrade

Conclusion

Overall, I really like what Moneta Markets have to offer traders of all experience levels. They are a regulated brokerage firm with a solid online trading service that covers all basis. This includes commission free trading although spreads are marked up to cover costs. They do have a good variety of trading instruments across multiple asset classes that are accessible via a user-friendly trading platform for web and mobile devices. The broker also provides a good range of trading tools and educational materials along with multiple funding options and 24/5 customer support. I feel that they can be a great choice for both retail and institutional traders alike.

Moneta Markets Logo

$200

Moneta Markets is a trading broker that offers over 300+ CFDs to trade online via the user-friendly MT4 and their own proprietary web and mobile trading platforms. The broker has a range of useful trading tools and educational materials for beginners along with various convenient account funding options to choose from.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

About the Author

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Richard Montana
Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others.

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