About the company
Vantage International Group Limited (VIG) owns Moneta Markets, which has been in operation since 2009 and holds several regulatory licenses. Moneta Markets is a relatively new company, having been established in the Cayman Islands in 2018 and being governed by the Cayman Islands Monetary Authority (CIMA). The company has over 70,000 client accounts and a monthly trading volume of more than $ 100 billion. Through its own web platform, Moneta Markets offers over 300 instruments.
The broker’s web platform is a complete solution offering account management and trading from one dashboard. Thanks to the built-in client portal, traders can easily deposit and withdraw funds with a few clicks.
MT4 and MT5
The MT4 and MT5 platforms were also recently released by the broker. They provide the most powerful charting features, automated trading services, and built-in support of any trading platform on the market. These easy-to-use desktop and mobile trading platforms are designed for active forex traders and will meet the demands of the majority of users. They provide a more comprehensive and downloadable solution than Moneta Markets’ own web solution.
Spreads and commission
On their ECN account, the broker gives the most inexpensive commissions. Spreads as low as 0.0 pips are offered, with a $ 3 per lot commission on each side. It’s competitive, and it’ll most likely appeal to active traders.
The broker is less transparent when it comes to spreads and commissions on his STP account. We hope this is due to the fact that Moneta Markets is still relatively new, but it is nonetheless one of the first areas that traders will want to know about.
The maximum leverage available on Moneta Markets is 1: 500 in forex, with lower limits in other markets:
- Forex – up to 1: 500
- Energy – up to 1: 100
- Indices – up to 1: 200
- CFDs on shares – up to 1:20
- Precious metals – up to 1: 500
- Soft goods – up to 1:50
Moneta Markets AppTrader
The broker’s mobile application is a handy tool that allows you to trade whenever and wherever you choose. The app includes a built-in client site, 45 technical indicators, and six chart formats, all of which are available on the web platform. It’s also available in eleven different languages, and it’s aimed at both novice and seasoned traders.
The app is available for both iOS and Android devices; simply create an account and head to your app store to begin trading.
Deposit methods vary by jurisdiction, but 8 different currencies are supported, including USD, EUR and GBP. All methods require no broker commission and processing times are generally fast. Please note that the first credit card deposit is limited to AUD 1,000.
- International bank transfer – 2 – 5 working days
- Credit / Debit Card (Visa and Mastercard) – Instant
- Bitcoin – 1 business day
- FasaPay – Instant
- Stickpey – Instant
- JCB – Instant
Withdrawal requests can only be processed by wire transfer, which is quite limited and hopefully this will improve in the future. Withdrawals are processed within 1-3 business days after filling out the request form on the client portal. In customer reviews, we did not encounter any withdrawal issues.
Moneta Markets accounts
STP and ECN live trading accounts are available at Moneta Markets. There is no charge to open an account, and there is no service cost. A minimum deposit of $ 200 is required. The ECN account, which is available on both the MT4 and MT5 platforms, has 0 pip spreads and a $ 3 commission.
It is simple and quick to open an account. All you have to do is complete an online application and submit identity documents. Email will be used to send account information and login credentials.
The broker also created a transparent PAMM solution for money managers, which allows them to manage an unlimited number of accounts. It is an excellent solution for financial managers wishing to expand their organization because it was designed with scalability in mind.
A demo account can be opened quickly and easily using the “Demo” button in the upper right corner of the website. New users can choose a demo account to familiarize themselves with WebTrader or AppTrader and practice their trading skills before opening a live account. Demo accounts will expire in 30 days.
Bonuses and promotions
Moneta Markets offers a 50% deposit bonus for trading accounts funded with $ 500 or more. This bonus is available to both new and existing users who complete the subscription form on the website. The offer can also be used more than once.
Traders should check the e website and social media pages for any further deposit promotions or trades.
An economic calendar, FX calculators, and a modest set of video courses are among the other tools and features offered by Moneta Markets. Traders who deposit $ 500 or more in their accounts will have access to a larger range of advanced guidance through the Market Masters video course.
Duplitrade, a copy trading service that requires a $2,000 minimum account investment, is also available through the broker. Traders who deposit at least $ 500 in their account get exclusive access to the client portal’s trading tools, which include macroeconomic news, real-time signals, and market analysis.