Moneta Markets, founded in 2020, is a famous Forex and CFDs broker based in South Africa. This broker provides trading services for over 1,000 tradable instruments with a maximum leverage of 1:1000.
Traders can buy and sell Forex, indices, commodities, Shares, ETFs, bonds, and cryptocurrencies in various trading platforms offered by Moneta Markets, including MetaTrader 4, MetaTrader 5, ProTrader, and AppTrader. In this Moneta Markets review, we'll break down what this broker has to offer, for beginner and experienced traders.
Moneta Markets Company Info and Regulation
Moneta Markets is a dynamic financial services company that has quickly made a name for itself in the competitive world of online trading. Founded with the vision of providing traders with a seamless and secure trading experience, Moneta Markets has become a go-to platform for both novice and experienced traders.
Key points about Moneta Markets:
- Founded in 2020
- Based in Johannesburg, Africa
- Regulated by FSCA (no. 47490)
- Registered in Saint Lucia Registry of International Business Companies (no. 2023-00068)
Moneta Markets Broker Specifications
Moneta Markets offers a comprehensive suite of trading services designed to cater to the diverse needs of modern traders. Here's a quick overview of what this broker brings to the table:
Broker | Moneta Markets |
Account Types | Direct, Prime, Ultra |
Regulating Authorities | FSCA, FSRA |
Based Currencies | $AUD, $USD, Ā£GBP ā¬EUR, $SGD, $CAD $NZD, Ā„JPY, $HKD ,$BRL |
Minimum Deposit | $50 |
Deposit Methods | Wire transfer, Visa/MasterCard, Fasapay, Stickpay, JCB |
Withdrawal Methods | Wire transfer, Visa/MasterCard, Fasapay, Stickpay, JCB |
Minimum Order | 0.01 Lot |
Maximum Leverage | 1:1000 |
Investment Options | Copy trading |
Trading Platforms & Apps | MT4, MT5, Pro Trader, App Trader |
Markets | Forex, bonds, shares, cryptocurrencies, indices, commodities |
Spread | Floating from 0.0 |
Commission | From $0 |
Orders Execution | STP, ECN |
Margin Call/Stop Out | 80%/50% |
Trading Features | Demo account, Forex calculator, copy trading |
Affiliate Program | Yes |
Bonus & Promotions | Deposit bonus, cashback bonus |
Islamic Account | Yes |
PAMM Account | Yes |
Customer Support Ways | Email, live chat, phone |
Customer Support Hours | 24/5 |
Restricted Countries | Albania, Australia, Bulgaria, Hong Kong, and more |
Moneta Markets Accounts
Moneta Markets offers a variety of account types to suit different trading styles and experience levels. Each account type is designed to provide traders with the tools and conditions they need to succeed in the markets.
Account types | Direct | Prime | Ultra |
Minimum deposit | $50 | $50 | $20000 |
Minimum trading volume | 0.01 Lot | 0.01 Lot | 0.01 Lot |
Maximum Leverage | 1:1000 | 1:1000 | 1:1000 |
Spreads | Floating from 1.2 pips | Floating from 0.0 pips | Floating from 0.0 pips |
Commission | $0 | $3 per lot per side | $1 per lot per side |
Trading platform | PRO Trader MetaTrader 4 MetaTrader 5 App Trader | PRO Trader MetaTrader 4 MetaTrader 5 App Trader | PRO Trader MetaTrader 4 MetaTrader 5 App Trader |
Execution type | STP | ECN | ECN |
Each account type is designed to cater to specific trading needs, ensuring that traders of all levels can find a suitable option at Moneta Markets.
It is also worth mentioning that Moneta Markets offers demo and swap-free Islamic accounts.
Benefits and Drawbacks of Moneta Markets
Like any broker, Moneta Markets has its strengths and weaknesses. Here's a balanced look at what this broker offers:
Advantages | Disadvantages |
Wide range of tradable instruments (over 1000) | Low regulatory oversight by financial authorities |
Competitive spreads and low fees | Relatively new brand in the market |
Various trading platforms, including MT4, MT5, App Trader, and Pro Trader | Not available to US traders |
Various passive income and investment opportunities |
Registration and Verification Process in Moneta Markets
Getting started with Moneta Markets is a straightforward process designed to get you trading as quickly as possible while ensuring compliance with regulatory requirements. Here's a step-by-step guide to signing up and verifying your account:
- Visit the Moneta Markets website and click on the "Sign up" button;
- Fill in the registration form with necessary information, including name, email, and country of residence;
- Enter your personal details;
Enter your personal information to complete Moneta Markets registration - Create a secure password for your account.
- Choose the trading platform, account type, and account currency;
- Complete the verification process by providing proof of identity (e.g., passport, driver's license) and proof of address (e.g., utility bill, bank statement).
Moneta Markets Trading Platforms
Moneta Markets offers a suite of powerful trading platforms to cater to different trader preferences and needs. These platforms are designed to provide a seamless and efficient trading experience across various devices.
MetaTrader 4 (MT4)
The industry-standard platform known for its reliability and extensive features. Key features:
- User-friendly interface suitable for beginners and experienced traders
- Advanced charting tools and technical indicators
- Supports automated trading through Expert Advisors (EAs)
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MetaTrader 5 (MT5)
The next-generation platform with enhanced features and capabilities. Main features if this trading platform include:
- Improved charting capabilities with more timeframes and graphical objects
- Enhanced backtesting for trading strategies
- Access to a wider range of markets
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Pro Trader
Pro Trader is a browser-based platform for traders who prefer not to download software and it has a seamless integration with TradingView.
- Accessible from any device with an internet connection
- Over 100 indicators and 12 chart types
- Various risk management tools, including stop loss and take profit
- Intuitive interface with essential trading tools
App Trader
Monet Markets also offers trading through its mobile platform, App Trader. Key features of this trading platform:
- Powerful trading tools including real-time signals, watchlist, AI market buzz, and more
- Seamless integration with MT4 and MT5
- Fast and secure deposit and withdrawal
- Various charts and technical analysis tools
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Moneta Markets Spreads and Commissions
Moneta Markets offers competitive pricing structures across its various account types, ensuring that traders can access the markets at favorable rates. Here's an overview of the spreads and commissions:
Account types | Spread | Commission |
Direct | From 1.2 Pips | No commission |
Prime | From 0.0 Pips | $3 per lot per side |
Ultra | From 0.0 Pips | $1 per lot per side |
It's important to note that spreads may vary depending on market conditions and the specific instrument being traded.
Moneta Markets other fees:
- No deposit or withdrawal fees
- No inactivity fee
- Low swap/overnight fees
- Low currency conversion fees
Deposit & Withdrawal in Moneta Markets
Moneta Markets offers a range of convenient deposit and withdrawal options to suit different trader preferences. The broker prioritizes fast and secure transactions to ensure a smooth trading experience.
- Credit/Debit Cards (Visa, Mastercard)
- Bank Wire Transfer
- Fasapay
- Stickpay
- JCB
Key points:
- Minimum deposit varies by account type, starting from $50
- No fees charged by Moneta Markets for deposits or withdrawals
- Withdrawals are processed within 24 hours, subject to account verification
Moneta Markets emphasizes security in all financial transactions, employing advanced encryption technologies to protect client funds and personal information.
Moneta Markets Copy Trading & Investment Options
Moneta Markets offers various investment options, including copy trading and PAMM accounts.
Moneta CopyTrader
Moneta CopyTrader is an innovative copy trading platform, allowing traders to replicate the strategies of successful investors. This feature is particularly beneficial for beginners or those looking to diversify their trading approach.
Key aspects of copy trading on Moneta Markets:
- Access to a pool of experienced traders with proven track records
- Ability to customize risk levels and investment amounts
- Real-time updates on copied trades
- Option to manually close positions or stop copying at any time
PAMM Account
Moneta PAMM (Percentage Allocation Management Module) accounts allow investors to allocate funds to skilled traders who manage multiple accounts simultaneously.
Investors benefit from the trader's expertise, while traders earn commissions based on performance. Moneta's PAMM system offers transparency, risk management, and an opportunity for passive income.
Moneta Markets Broker Tradable Instruments
Moneta Markets offers an extensive range of tradable markets and symbols, catering to diverse trading preferences and strategies. Here's an overview of the available options:
- Forex: Major, minor, and exotic currency pairs
- Stocks: Shares from major global exchanges
- Indices: Popular stock market indices
- Commodities: Precious metals, energies, and agricultural products
- Cryptocurrencies: Bitcoin, Ethereum, and other major altcoins
- ETF: over 50+ popular Exchange Traded Funds
- Bonds: 7 popular Futures contacts in bonds market
With over 1000 tradable instruments, Moneta Markets provides ample opportunities for traders to diversify their portfolios and capitalize on various market conditions.
Moneta Markets Bonuses
Moneta Markets offers attractive bonuses and promotions to enhance the trading experience for both new and existing clients. These incentives are designed to provide additional value and trading opportunities.
Moneta Markets currently offers a 50% cashback bonus and a 20% deposit bonus for over $100 deposits. It's important to note that deposits over $499 aren't eligible to receive this bonus.
Moneta Markets Support overview
Moneta Markets provides comprehensive and responsive customer support to ensure a smooth trading experience for all clients. The broker offers multiple channels for assistance, catering to different preferences and needs.
Support options include:
- Live Chat: Available 24/5 for instant assistance
- Email Support: support@monetamarkets.com
- Phone Support: +44 (113) 3204819
- FAQ Section: Comprehensive resource for common questions
Moneta Markets emphasizes the importance of client satisfaction and strives to resolve all inquiries efficiently and effectively, contributing to a positive overall trading experience.
oneta Markets Banned Countries
While Moneta Markets serves global clients, it has restrictions on certain countries due to regulatory requirements and company policies. Potential clients must be aware of these restrictions before attempting to open an account. List of restricted countries:
- Congo
- Afghanistan
- Canada
- USA
- Cuba
- Australia
- Croatia
- Crimea
- Bulgaria
- North Korea
- Puerto Rico
- Serbia
- Romania
- United Kingdom
For the most up-to-date information on country restrictions, it's advisable to check the Moneta Markets website or contact their customer support directly.
Moneta Markets Ratings and Trust Scores
Moneta Markets has garnered a range of trust scores and reviews from various sources in the trading community. This broker has a 4.7 out of 5 score in the Reviews.io website. While Moneta Markets has received generally positive reviews for its trading conditions and platform offerings, some users have reported issues with withdrawal processes and PAMM managers.
As with any broker, it's crucial for potential clients to conduct thorough due diligence and consider multiple sources of information before opening an account.
Moneta Markets Educational Resources for Traders
Moneta Markets is committed to trader education, offering a range of resources to help clients enhance their trading knowledge and skills. These educational materials cater to traders of all experience levels, from beginners to advanced. Key educational offerings include:
- Video tutorials covering platform usage and trading strategies
- Webinars hosted by industry experts on various trading topics
- Comprehensive trading guides and e-books
- Economic calendar and daily market analysis
Moneta Markets' educational resources are designed to empower traders with the knowledge and tools needed to make informed trading decisions and develop effective strategies in the dynamic financial markets.
TF Expert Suggestion
As Forex and CFDs broker based in South Africa, Moneta Markets offers excellent trading services to 70 thousand Traders. This broker is a solid choice for traders seeking a diverse range of tradable instruments (over 1000) and competitive trading conditions.
With its user-friendly platforms, including MT4, MT5, Pro Trader, App Trader, and comprehensive educational resources, the broker caters well to novice and experienced traders.
Ultimately traders must do their own research and compare Moneta Markets pros and cons with other broker and decide whether this broker suits their needs.
