The Moneta Markets trading platform was founded in 2009, with its main office located in Saint Vincent and the Grenadines. The platform is regulated by CySEC, the SVG FSA, FSA, and the FSCA of South Africa. The platform offers 45+ forex pairs, 15+ commodities, 20+ indices, 635+ shares, 50+ ETFs, 3+ cryptos and 7 bonds.
Moneta Markets operates on PC and mobile platforms, with a proprietary trading platform only for PC. The broker also prides itself on fast account opening, though its customer support is not very strong. We will explore these and more in this Moneta Markets review.
- Social Trading
- Indemnity Insurance
- Fast Account Opening Process
- Fast Execution
- No Proprietary Mobile App
- Poor Research and Education.
- Relatively Small Asset Portfolio.
When it comes to tradable assets, Moneta Markets is pretty limited in size. The broker offers traders access to trading in just 1,000+ tradable instruments, including stocks, forex pairs, commodities, shares, cryptos, ETFs, bonds and indices. All of these come from major and minor markets around the globe, giving traders wide area access and familiarity with the dynamics of trading in those markets. Let us now look briefly at some of these asset classes.
Moneta Market’s shares are its most robust and widely-sourced asset class, as it includes over 635+ share CFDs from across Europe, the UK, and the US. These include European shares like Banco Commercial, US shares like Adidas and Google, and UK shares like Royal Dutch Shell, all of which are traded at competitive spreads and leverages. Traders are able to apply any number of approaches on the shares platform, including swing, intra-day, and position trading.
Moneta markets also offers traders an access point into the market for indices through its portfolio of index CFDs. There are 20+ such index CFDs on the platform, and they include assets from all the top global markets. The American Dow Jones 30, Spanish ES35, and British FTSE 100 are some of the assets available, and some of them (such as the Dow Jones) are also available as futures for traders interested in those. Leverage is up to 1:1000 for these assets, though there are many indices with 1:333 leverage.
Forex trading is another service offered by the platform, with its portfolio of 45+ major, minor, and exotic currency pairs. All these pairs are tradable all day for five working days. They come at competitive spreads, high leverages up to 1:1000, and ultra-low trading costs. The broker’s variety enables traders to diversify their risk by trading in currency pairs with different trading volumes and volatilities.
With a portfolio of 15+ of the most liquid and highly traded commodities, from vital industrial raw materials like cocoa and rubber to energy products like coal and oil. Additionally, traders can deal in CFDs of valuable metals like gold and silver. The execution is ECN-type and very fast, traders can enjoy zero-swap on their positions. The assets are all available at competitive spreads and leverages (up to 1:50 for soft commodities, up to 1:1000 for precious metals, and up to 1:500 for energy commodities). As these are only CFDs, however, the trader must understand that he does not have any ownership over the actual commodities and is only dealing with their price fluctuations.
The market for crypto is very volatile and risky, given just how much various factors like market news, changing attitudes towards the asset class in various regions, etc. affect its prices. However, traders who wish to trade in this very volatile asset class and diversify their portfolio can deal with a handful of crypto asset CFDs that MonetaMarkets offers, including BTCUSD, ETHUSD, and LTCUSD. It is worth noting, however, that the spreads for crypto CFDs are very high. For instance, the respective spreads for BTCUSD, ETHUSD, and LTCUSD begin from 180.30 pips, 20.40 pips, and 10.00 pips.
Moneta Markets enables traders to further diversify their risk profile and gain exposure to different other instruments and market sectors by allowing investment in a range of exchange-traded funds (ETF). These 50+ ETFs are from some of the biggest providers in the global ETF market, and they provide an alternative way to invest in technology, sustainability, energy, and the blockchain. The leverage to trade these ETFs is up to 1:33.
Through Moneta Markets’ platforms, traders can access 7 popular new derivatives of bonds issued by some of the world’s top economies and obtain exposure to one of the largest market sectors. These bonds can be traded separately or used as a hedge against currency fluctuations. They include Euro-Bund Futures, CBOT, and Euronext, and they can be traded at a leverage up to 1:100.
Stock Trading at Moneta Markets
The portfolio of share CFDs on Moneta Markets is quite small, with only 635+. Nevertheless, this portfolio already includes share CFDs from the UK and US, as well as European nations like Germany, Italy, France, Spain, etc., and it is likely to expand in the future. Additionally, the fees are not very bad, as we will see shortly.
Available Stock Exchanges at Moneta Markets
All 635+ of the broker’s share CFDs come from some of the biggest corporations in the world, including Apple, Google, and Deutsche bank. These stocks are from different nations like the USA, UK, Germany, France, Italy, Spain, the Netherlands, Austria, Portugal, Belgium, and Poland. These corporations are accessible from different stock exchanges, and these are the ones that traders on the platform can access.
||Major Stock Exchanges
||Brussels Stock Exchange
||Paris Stock Exchange
||Frankfurt Stock Exchange
||Amsterdam Stock Exchange
||Barcelona Stock Exchange
|Bilbao Stock Exchange
|Valencia Stock Exchange
|Madrid Stock Exchange
||SIX Swiss Exchange
||Warsaw Stock Exchange
||New York Stock Exchange
|National Association of Securities Dealers Automated Quotations (NASDAQ)
||London Stock Exchange
Stock Trading Fees & Commission at Moneta Markets
The Moneta Markets platform charges stock CFD trading commissions, which are independent of trading volume but vary according to the type of share and the base currency of the account. For example, European Share CFDs are traded at a commission of 10 EUR per transaction. UK Share CFDs are traded at 10 GBP per transaction, and US Share CFDs at 6 USD per transaction
Stock Trading Leverage at Moneta Markets
The Moneta Markets Leverage for share CFDs is up to 1:20, which applies to the UK and EU shares. Although, US shares come at a higher leverage of up to 1:33. Typically, the stock/share leverage on some brokers depends on the account type. However, no such variation applies to Moneta Markets, as all the account types enjoy the same leverage. Also, there is usually variability based on jurisdiction, as some regulatory bodies may place limits on how much leverage a broker can offer to its clients. However, these don’t seem to apply to Moneta either, as its trading branches operate under the jurisdictions of the SVG FSA and FSCA, neither of which seem to limit leverages. However, its Cyprus brand operates under CySEC jurisdiction, and traders under it can only enjoy leverage up to 1:5 for stock CFDs.
The Moneta Markets trading platform operates globally from its headquarters in Kingstown, Saint Vincent and the Grenadines. In addition, it also has branch offices in a couple of other regions around the world, and we will look at all of these in this section of our review. We will also see which regulatory jurisdictions each of these offices fall under.
Moneta Markets South Africa (Pty) Ltd: Moneta Markets’ office in South Africa is located at 1 Hood Avenue, Rosebank, Johannesburg, Gauteng 2196. It is registered as a financial service provider with the South African Financial Sector Conduct Authority (FSCA).
- License Number: 47490
- Company Registration Number: 2016 /063801 / 07
Moneta (SVG) LLC: This is the headquarters of the Moneta Markets trading platform, and it is situated on the First Floor of First St Vincent Bank Ltd Building, James Street, Kingstown, Saint Vincent and the Grenadines. It is locally regulated by the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA).
- Registration Number: 2052 LLC 2022
Moneta Markets (Seychelles) Ltd: The Seychelles branch of Moneta Markets is based in Room B11, 1st Floor, Providence Complex, Providence, Mahe, and it operates under a separate domain. The branch is regulated and licensed by the local authority, the Financial Services Authority of Seychelles.
MMonexia LTD: This subsidiary operates out of Cyprus, and it has its registered address as Gladstonos & Filokyprou, 120, Foloune House, 5th Floor, Flat/Office E2, 3032, Limassol. It operates under the regulation of the Cyprus Securities and Exchange Commission (CySEC).
- Registration Number: HE436544
Fees and Commissions
Moneta Markets fees are a bit of a mixed bag, as the platform’s fee structure is a tad unfavorable in some respects and excellent in others. And in this section of our review, we will be having an overview of Moneta Markets’ fee system and the two types of fees the platform charges: trading and non-trading fees.
These encompass all fees that a Moneta Markets trader is charged for any activity that qualifies as trading activity. These include spreads, commissions, and rollover fees.
The difference between the ask price of an asset and its bid price is known as its spread, and it is usually written as a decimal number in units known as pips. This figure depends on a number of factors, predominantly liquidity and market trends, and they may range from as low as 0.0 pips to as much as 30.0 pips, depending on the asset, the market, and the broker.
Moneta Markets spreads depend on the asset class, but the minimum spread available to a client depends on the trading account type he is using. For users of the Direct STP account type, spreads begin from 1.2 pips. Traders who upgrade to the ECN account, however, can enjoy spreads from 0.0 pips.
This type of fee is typically charged per trade, and it depends on the volume of an asset being traded. On various platforms, Moneta Markets included, this fee can also vary based on the nature of the account being used, with some platforms charging higher for advanced accounts or vice versa. On Moneta, there is also a difference based on the asset, as far as commissions are concerned. For instance, forex trading on an ECN account comes with commissions of up to $3 per lot per trade ($6 per round turn). For asset CFDs, however, the commissions are built into the spread and are thus not charged independently.
Rollover Rates/Swap Fees
Moneta Markets charges swap rates for positions held overnight, and these can usually be viewed through the market watch section on MT4. The swap rates are updated weekly by the platform’s liquidity providers.
The Moneta Markets trading platform also charges financing rates, which are crucial to take note of, if you intend to hold positions long or trade on margin. These vary according to the specific assets. For instance, financing rates are 6.0% for Apple share CFDs and 4.2% for Vodafone.
All activities that qualify as non-trading activities on the platform are subject to fees known as non-trading fees. Now, let us review the non-trading fees on the platform.
Deposit and Withdrawal Fees
Deposits and withdrawals on the Moneta Markets platform are possible through bank cards, e-wallets, and bank wire transfers. For all of these, Moneta Markets charges no fees, which means all withdrawals and deposits are free of charge on the platform. However, there may be charges from the service providers processing the transactions.
For all trades done in a different currency denomination than the trader’s base currency, Moneta Markets will charge a currency conversion fee. The fee is determined by adding the exchange rate obtained from liquidity providers to a markup determined by the broker.
These are fees charged for performing no activity at all for a stipulated period of time, usually 12 months. However, Moneta Market does not charge any such fees on any of its accounts.
Instead of swap rates for overnight positions, users who are Islamic are charged an administrative fee on a daily basis.
In this section of our Moneta Markets review, we will examine the account types available on the platform. The Moneta Markets account system is not very diverse, as it only offers two live account types, each of which we will discuss in addition to the third, the Demo account.
This is a virtual account type designed for fresh and inexperienced traders. Using this account type, clients can simulate live trading, learning and sharpening skills they can then apply on a live trading account. The account type comes with $100,000 in virtual funds the trader can utilize in their simulated trades. It also features a copy of the live markets and all the tools each platform (MetaTrader or ProTrader) makes available for traders.
Direct (STP) Account
Accessible on both ProTrader and MT4, the Direct account type is the least advanced of the two live account types. It’s also the best suited for new traders, with its fast STP execution, zero commissions, and a low minimum deposit of $50. The spreads on this account, however, begin from 1.2 pips, which is quite high compared to the minimum spread for the standard-level accounts of other brokers we review. The minimum trade volume, moreover, is 0.01 lots, and the leverage is up to 1:1000.
Prime (ECN) Account
The Prime account uses ECN execution, and it is very suited for scalpers and EAs. The minimum deposit for this account type is $200, which is much higher than that of the direct account type. However, it does come with very low spreads from 0.0 pips, and it also shares the same minimum trade volume of 0.01 lots. It is also important to note that both accounts are suited for Islamic traders, due to their zero-swap feature.
Ultra (ECN) Account
Just like the Prime account type, the ultra account has the same number of assets, minimum trading volume, execution type, leverage, minimum spreads, and account base currencies. This account type has a minimum deposit of $50,000 and a commission of $1 per lot per side. Also, it doesn’t support an islamic account.
Islamic (Swap Free) Account
This account type is designed to be an alternative account type that’s favorable for traders who are of the Islamic faith. Such traders are obliged by their faith to avoid paying swaps or paying or receiving interests. Instead, a daily administration fee (to be specified by the broker for each trader) is charged.
Here, we will now turn our attention to the Moneta Markets trading platforms and their features. The broker operates both on desktop and mobile platforms through the MT4, MT4 Webtrader, and Pro Trader apps, and the client can freely move between platforms.
Desktop Trading Platform
There is quite an array of platforms for desktop traders to choose from, as Moneta Markets operates through its own platform, Pro Trader, as well as MT4 and MT4 Webtrader. However, we will be focusing on the Pro Trader platform for the purposes of this section.
The Pro Trader platform is powered by Trading View, and it is designed to be very user-friendly. It allows traders to trade with pip-perfect accuracy by offering hundreds of the most popular indicators as well as a variety of chart patterns, trendlines, and Fibonacci retracements. Here are some of the notable features of the platform.
This feature is designed to enable clients to access a steady stream of AI-powered market news, including ratings and comparisons of social media and professional mentions.
The Featured Ideas feature of the Pro Trader platform enables clients to access tailored trading ideas based on back tested and trusted strategies. This is due to the filter option, which enables traders to select what kinds of asset-related insights they’d like to get.
With its timezone detection and feed customization capabilities, the economic calendar section of the desktop platform allows traders to prepare for their trading sessions with actionable, real-time data.
This feature of the Pro Trader program allows clients to combine cutting-edge quantitative pattern recognition technology with the technical analysis skills of senior analysts across 8,000 instruments, leveraging the best of both worlds to boost their trading skills and success.
With such sub-features as adaptive candlesticks, adaptive divergence convergence, and analyst views, the Alpha Generation feature enables clients on the platform to make smart and confident trading decisions.
How to Open an Account and Trade on the Moneta Markets Desktop Trading Platform
The Moneta Markets trading platform prides itself on its speed in opening accounts, and that pride is not misplaced. However, the process for verifying an account so that the trader can fund it and begin to trade on the live market may take a bit longer. To open an account, a prospective client must follow these steps.
- Using the broker’s URL, access the homepage and click on the red sign-up button on the top right corner of the page. The sign-up page will appear at once, and you must input your relevant details to proceed.
- Congratulations, your Moneta Markets signup is complete.
Having signed up, you must now complete your account verification process which is now underway, and you have a few more steps till you can explore the live market.
- Supply some details concerning your income and financial standing, then click ‘Next’ to proceed.
- Next is the part where you configure your account preferences, namely your platform and account type, as well as your account base currency.
- Next, provide some snapshots of your preferred ID and your proof of residency (preferably a utility bill).
- The final page will offer you an overview of your selected platform, your account type, and number, and the leverage you can access (you can adjust that here). Having taken down your account number, click the button to complete your verification request.
- You will receive an email containing your new account password, which you can then use to log onto your live account through MT4 or Pro Trader.
- You can fund your account by logging back into your client portal and clicking ‘deposit funds.’
- Find your preferred deposit method and click on it to open the page where you specify the target account and the amount you wish to deposit.
- Input your card details and authorize the transaction. You will be required to verify your transaction by means of a token code that will be sent to your phone number.
Unlike the desktop platform, there are no proprietary Moneta Markets apps for the broker. Anyone wishing to trade on the platform has to access it through either of the third-party platforms, namely MT4 and. For the purposes of this section of our review, we will be considering the MT4 platform. Here are some of its features.
The Quotes tab allows traders to view the price movements of selected assets. They can also open new trades from here.
This tab contains charting features that enable traders to observe and predict the price movements of different assets.
The trade tab is where clients can come to place their trades. It also contains some vital information, such as the trader’s balance, equity, and free margin.
Market news is vital for keeping track of the trends in the market and gleaning data on how to react to said trends. The MT 4 news feature enables traders to do just this.
This enables traders to trace their trading history on the platform and is important when clients must find or confirm some crucial past trade.
How to Open an Account and Trade CFDs on Moneta Markets Mobile Trading App
Traders who wish to trade using the Moneta Markets MT4 platform can open an account by signing up to the platform using the procedures we have described for desktop users above. Once the account has been opened and the verification completed, the trader can then log in on MT4 by following these steps.
- Download and launch the MT4 trading app on your mobile device. Agree to the terms and agreements to continue.
- Pull out all the main tabs by tapping the menu button on the top left side of the interface.
- When you tap on ‘Manage Accounts,’ the account selection interface will appear.
- Access the new account section by tapping on the plus sign on the top right corner of the interface.
- Select the option for logging into a new account, then type the server name you were given to access the live market.
- Input the login details you were provided with when you opened your account, and you can now access the live market.
Deposits and withdrawals at Moneta Markets can be done through a number of payment methods, which we will review in this section.
Traders on the Moneta Markets platform can fund their accounts through debit cards, credit cards, international money transfers, and electronic wallets. The platform does not seem to support other methods like crypto.
|Japan Credit Bureau
|International EFTs (Wire Transfer)
||2 – 5 Business days
All the methods through which traders can fund their Moneta Markets accounts can also be used to withdraw funds, and such withdrawals may take anywhere between 1 to 3 business days to process. Additionally, all withdrawals are free of charge, except international wire transfers, which attract a $20 minimum fee. Furthermore, the service provider might charge a processing fee.
Account Base Currency
The account base currency is the designated currency in which all of a client’s financial data will be rendered. Most financial transactions rendered in this currency, especially withdrawals and deposits, will be free of charge. However, any transactions involving conversion to or from another currency will be subject to conversion fees. Clients usually have to choose a base currency while completing their account verification, although they may change it later if they want. The available options are AUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD, and BRL.
Research and Education
In our review of Moneta Markets’ educational and research resources, we find that the platform doesn’t do very well in this regard. However, there is a commendably robust trading course available for interested clients, known as Market Masters, and a pretty great economic calendar feature. It’s a suite of trading tutorials that cover all the basics of trading in forex and stock CFD. It teaches everything from advanced stock market trading to Fibonacci techniques and market timing. The broker also offers daily market news and updates to keep traders informed on vital trends in their selected markets, in addition to a range of trading calculators, such as the Fibonacci, pivot, and currency converter ones.
To begin with, Moneta Markets does have many customer support channels. At the moment, clients in need of assistance can contact the customer support agents through phone calls, emails, or live chat. The response for calls is usually within a minute or two during work hours, which are 24 hours for the five working days of the week, and 12 hours on weekends. Email response may take as long as 12 hours on work days, but live chat is faster. On live chat, you will typically get a response within minutes of your request. However, the platform lacks a chatbot, so traders can’t get live chat support if they can’t reach an agent.
In addition to the phone, live chat, and email options, the broker also has a number of social media outreaches. It has handles on Facebook, Instagram, Twitter, LinkedIn, and even Youtube.
Now, let us turn our attention to users’ comments online about the broker. We will be assessing user sentiments from four major online forums, namely Reddit, Quora, Trustpilot, and ForexPeaceArmy.
What Reddit Users Say About Moneta Markets
There is only one review of Moneta Markets on Reddit, and it’s not very good. The user is actually reporting the experience of a trader who goes by ‘Forexgecko,’ and the complaint has to do with the withdrawal difficulties he faced. The conclusion is that Moneta Markets is a scam, and he warns people against trading with it.
What Quora Users Say About Moneta Markets
There are very few comments about Moneta Markets on Quora. We were able to find only two comments about the broker; one by a Quora user named Alex Bitone, who lost $45,000 on Moneta Markets and looking for a way to recover the fund. The user went ahead to call the broker a scam.
The other user, Filippo Ucchino, gave reasons why he thought the broker is legit.
TrustPilot Users’ Review About Moneta Markets
Moneta Markets has a very positive average rating of 4.6/5 from over 226 reviews on Trustpilot. Most of the comments are positive, and most of the positive ones commend the platform’s customer service system. For example, this user likes the fact that the broker has helpful answers for every question.
This other user finds the support team to be very friendly and their payment processing commendable.
However, there are still a few scathing comments, such as from this user who had a problem with the stop loss function malfunctioning.
ForexPeaceArmy Users’ Review About Moneta Markets
Moneta Markets does not seem to be well-known in the ForexPeaceArmy space, as there are only two reviews on the platform and no average rating. However, even with just these two, the sentiment is polar. On the one hand, this user commends the broker for its Gold trading and zero-swap environment.
Moreover, there is this user with a detailed timeline of a trade that went wrong because the platform executed an order at a fictitious price.
Other Products and Services
Aside from all the services we’ve discussed in the course of this Moneta Markets review, the broker also offers a suite of other services worth mentioning here. However, it is worth noting that while the platform offers many cutting-edge trading services and features, it does not offer any API trading capabilities. Now, let’s look at what extra services it does offer.
The Moneta Markets Introducing Broker program is one of its partnership programs, and it is designed to enable traders to earn income from the trading activities of other traders they introduce to the platform. It also offers the benefit of access to the very customizable, next-gen IB portal, where traders can control their clients and access transparent reporting to enable them earn more.
The CPA Affiliate program is a type of affiliate program that enables clients to make commissions of up to $1,200 based on the quality of traffic they can bring to the platform. This program is well-suited for clients who are bloggers, influencers, and digital marketers.
With the Moneta Markets Hybrid Partner program, partners can enjoy excellent CPA payments (up to $480 CPA) and continuous rebates when their referrals perform transactions. The program is tailorable, so that Hybrid Partners can select the best earning models according to their needs, whether it leans more toward the CPA style or the IB reward structure.
Forex VPS Hosting
This free service is optimal for speed, stability, and platform uptime for traders who wish to keep up with an ever-going market. The Moneta Markets trading platform has partnered with HokoCloud to offer a fast and stable automated VPS solution, ideal for professional traders, to keep their MetaTrader platform operating 24 hours a day so they don’t miss a trade.
Some traders wish to keep multiple trading accounts, which they either manage themselves or hand over to other traders within a conglomerate. For such traders, Moneta Markets offers a multi-terminal trading service. All Moneta Markets traders may now manage pending orders, conduct more than one trade, and read news updates simultaneously from a single, integrated platform, which also allows them to track trades across numerous active accounts. However, this service is not available on the proprietary platform, and all traders who wish to do any multiterminal trading must access the feature through the MT4 app or MT 4 Webtrader platform.
Moneta Markets’ traders can automatically duplicate the trades of a portfolio of in-platform traders, thanks to a partnership between Moneta and DupliTrade. With this feature, a trader’s Moneta Markets MT4 and PRO Trader platforms can automatically copy the trades of the pro traders the client selects based on their favorite instruments, trading strategies, and trading styles. However, this service comes with some requirements, which the client must meet. Traders can begin assembling their portfolio of experienced professional traders after they fund their Moneta Markets account with a minimum deposit of $2,000.
On the plus side, you can test your portfolio on a demo account to decide which traders are the best for your requirements.
Zulu trade is a social trading platform, similar to Duplitrade. The platform allows clients to gain access to a pool of professional traders and observe their moves and strategies, which can then be employed in the client’s own trades.
The Moneta Markets platform offers a rescue bonus package for clients who meet certain criteria. If a trader loses up to 75% of their funds from a deposit of at least $1,000, the platform pays them back 25% of the lost funds so they can get back to their trading business.
Is Moneta Markets Safe?
Now, we come to the part of our review where we answer the question of Moneta Markets safety. In this regard, there are a few metrics that must be considered, and the platform performs better on some than others.
For starters, Moneta Markets only has one tier-1 regulator: CySEC. The rest, namely the SA FSCA, the SVG FSA, and Seychelles FSA are lower-tier regulators that do not operate with the same level of regulatory thoroughness as CySEC. This means that clients trading from any other jurisdiction enjoy less protection, especially in the area of managing the risks associated with high leverages, such as what Moneta Markets offers. Then, there is the area of account security, which is best described as manageable. Due to a lack of multi-factor security, client accounts may be more vulnerable to hacking.
On the plus side, however, the platform seems to take clients’ money safety seriously. Client funds are separated in an AA-rated Global Bank account so that they are safe in case the platform runs into some financial trouble. Additionally, trading accounts benefit from negative balance protection, and the broker is covered by extensive indemnity insurance and is subject to recurring audits.
From all indications, Moneta Markets offers great spreads (howbeit mostly accessible through an ECN account), and the leverages are pretty neat, howbeit so large as to be extremely risky. As far as licensing and registration go, the outlook is manageable, largely due to the presence of one tier-1 regulator; CySEC.
The signing-up process is very fast, though completion of verification and access to the live market through Pro Trader may be delayed. The platform safety is also commendable, albeit, limited in the area of account security. We found that there used to be multi-factor security, but it has been removed since a recent revamping of the client portal access system. Where Moneta Markets does seem to perform a bit better is in the area of security for clients’ funds due to the use of segregated accounts. At least, clients can be assured their money will most probably not be involved in any financial quagmire that Moneta Markets may find itself in.
As for educational resources, there is much to improve, and the platform will hopefully add some more materials for users to take advantage of. For now, the trading course, and market news are all that users can depend on. And lastly, from our review of the customer support team, we find them commendable. The service may not be available 24/7, and there may be no chatbot. Furthermore, email responses may be poor on weekends. However, the response is very good during weekdays, and users may rely on the FAQ section when they can’t contact an agent.
Q & A
Due to its regulators and security, Moneta markets is a fairly trustworthy broker.
Moneta markets is a legit and trustworthy broker.
You can download the MT4 on PC by redirecting to a relevant download page from the broker’s page. On mobile devices, you can download it from your app store.
The broker’s login process involves clicking on ‘login’ from the home screen and inputting your login details.
The minimum deposit on the platform is $50.
The broker offers three account types: the Direct, Prime, and Islamic accounts.
The platform offers no deposit bonuses at the moment.
Withdrawals take between 1-3 business days.
As it has only one tier 1 regulator, the broker is only reasonably but not excellently regulated.
The maximum leverage on the platform is 1:1000.
Moneta Markets offers 1,000+ asset CFDs.
Phone calls are generally the fastest way to reach the customer support team.
The broker does not offer real shares at the moment.
You can trade stocks by finding the asset you want to trade in and executing a trade on the broker’s trading platform.
You can access the Pro Trader by clicking on it on the broker’s homepage.
The Prime account is Moneta Markets’ equivalent of a pro account.
There is no affiliate program at the moment.
The stock trading commissions are quite high for European and UK shares.
The Founder and CEO of Moneta Markets is David Bily, a former Chief Marketing Officer at Vantage FX.
There are crypto assets on the platform