Moneta Markets is the parent firm of Vantage International Group Limited (VIG), a business that has been in existence since 2009 and has received numerous governmental permits. The broker was only recently registered in the Cayman Islands, where it is subject to Cayman Islands Monetary Authority regulation (CIMA). The broker has over 70,000 total client accounts and a monthly trading volume of over $100 billion,
A complete solution, the broker’s web platform lets users manage their accounts and trade from a single control panel. Traders may simply deposit and withdraw money with only a few clicks thanks to the integrated client portal. All the features you need for flexible trading are available on the dashboard, including:
- There are six different chart types and nine different time frames.
- Convenient order module with real-time calculator
- Accurate charting with over 45 built-in indicators and drawing tools
- Stop Loss/Take Profit levels are displayed in pips, price, and dollar equivalent at the same time.
MT4 and MT5 trading platforms
The MT4 and MT5 platforms were also just recently unveiled by the broker. In addition to several sophisticated charting capabilities, automated trading services, and built-in support, they provide market-leading trading tools.
In addition to more than 45 currency pairs, the broker also provides 6 of the most well-known cryptocurrencies, including Bitcoin and Dash. 15 commonly traded commodities, 15 world indexes, and more than 185 CFDs on Australian, UK, US, European, and Hong Kong equities are also available.
Spreads and commissions
On their ECN account, the broker gives the most affordable commissions. Spreads are starting at 0.0 pips and a commission of $3 per lot per side. It’s competitive, and active traders, in particular, may find it appealing. On his STP account, the broker is less upfront about spreads and commissions.
Trading account replenishment methods
There are 8 different currencies supported, including USD, EUR, and GBP, but the deposit methods vary by jurisdiction. The broker is not charged a commission for any of the methods, and processing times are usually short. Please be aware that the initial credit card deposit is capped at AUD $1,000.
- International bank transfer—2-5 business days
- Instant Credit/Debit Card (Visa and Mastercard)-Instant
- 1 business day for Bitcoin
- FasaPay: Instant payment
- Stickpay-Instant payment
There are very few withdrawal options available; bank transfers are the only ones that can be used. After you submit the withdrawal request form on the client portal, it will be processed within 1-3 business days.
The “Demo” button is located in the top right corner of the page and may be used to open a demo account fast and effortlessly. Before opening a live account, new users can choose a practice account to get acquainted with WebTrader or AppTrader and hone their trading skills. After 30 days, demo accounts expire.
The Securities Investment Law (SIBL) No. 1383491, as it is known in the Cayman Islands, governs the broker.
CIMA is an offshore regulator that might not offer as much protection for investors as other bodies. Having said that, the broker has professional indemnity insurance and keeps customer cash in separate accounts with the respected National Bank of Australia.
The Australian Securities and Investments Commission (ASIC) and the UK’s Financial Conduct Authority (FCA) both grant licenses to other Vantage Group firms.
Trading account types
The company provides ECN and STP live trading accounts. There is no cost to open an account, and there are no service fees. The initial down payment is $200.
It takes only a moment to open an account. All you have to do is submit an online application and your identification. The login information and account details will then be given through email.
The broker also unveiled a transparent PAMM solution for money managers that provides a limitless number of managed accounts. It is a fantastic solution for financial managers wishing to expand their organization because it was created with scalability in mind.
On the website, there are also Islamic accounts available.
Multilingual support is available 24 hours a day, 5 days a week via:
- Contact phone number-+44 113 320 4819 (UK) or +61 2 8330 1233 (International)
- Live Chat-located in the lower right corner
- Contact us at email@example.com.
Countries that the broker doesn’t work with
Traders cannot use Moneta Markets from Afghanistan, Australia, Belarus, Belgium, Malaysia, Canada, Central African Republic, DR Congo, Egypt, France, Iran, Iraq, Lebanon, Japan, Libya, Mali, Korea, Guinea-Bissau, Russian Federation, Somalia, Sudan, Syria, Tunisia, Ukraine, United States, Venezuela, Yemen, Zimbabwe, United Kingdom.
High leverage, respectable trading tools, and a user-friendly web platform are all provided by this broker. The launch of MT4 and MT5 has also given seasoned traders access to the cutting-edge tools they need to begin investing. Having said that, it is necessary to take into account the few available withdrawal methods and the paucity of charge information.