Moneta Markets Forex Trade Platform and Broker Review

Moneta Markets Forex Trade Platform and Broker Review

Rate this post

Moneta Markets Broker Review

Moneta Markets is a popular STP forex trade platform and forex broker that offers advanced trading solutions to traders from around the world. Moneta Markets offers a range of trading tools as well as education to both beginner and advanced forex traders.

Moneta Markets has between 50 and 100 employees and is headquartered in the Cayman Islands.

Is Moneta Markets Regulated?

Yes, according to the official Moneta Markets website, the forex broker is a trademark of the following companies with corresponding regulations:

  • Vantage Group Prime LLP which is regulated by the Financial Conduct Authority (FCA) in the UK.
  • Vantage Global Limited is authorized and regulated by the Vanuatu Financial Securities Commission (VFSC) in Vanuatu.
  • Vantage International Group Limited trades under Moneta Markets with regulation and authorization through the Cayman Islands Monetary Authority (CIMA).

 

Is Moneta Markets Regulated in the United States?

No, Moneta Markets is not regulated in Virginia or any other US state. 

Is Moneta Markets Regulated in Europe?

Yes, Moneta Markets is regulated in Europe by the Financial Conduct Authority (FCA), allowing the fore broker to provide cross-border investment services as a regulated forex broker in Europe.

Are Moneta Markets regulated in a Tier-1 Jurisdiction?

With Tier-1 Jurisdiction, Moneta Markets is given the license to provide financial services in Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Israel, Japan, Luxembourg, Netherlands, New Zealand, Norway, Puerto Rico, Singapore, Sweden, and Switzerland.

According to the official Moneta Markets website, Moneta Markets is regulated in Tier-1 jurisdiction.

Are Moneta Markets regulated in Tier-2 Jurisdiction?

Tier-2 Jurisdiction provides Moneta Markets with the necessary license to offer financial services and operate in the British Virgin Islands, Cayman Islands, Cyprus, Italy, Malaysia, Mexico, Poland, Portugal, Spain, and Taiwan.

According to the official website, Moneta Markets is regulated in Tier-2 jurisdiction.

What are the Platforms and Tools for Forex Trading in Moneta Markets?

Moneta Markets offers forex traders with a choice between several trading software. Forex traders can choose between the Moneta platform, Moneta Mobile App, MetaTrader 4, MetaTrader 5, and MetaTrader for MacOS.

  1. Moneta Platform – Moneta Markets offers its own platform that provides forex traders with easy access to all financial markets. The Moneta Markets WebTrader was designed to provide traders with the best possible trading conditions and unmatched stability.
  2. Moneta Mobile – The Moneta Markets AppTrader gives forex traders with an easy and powerful forex trading solution while they are on the move. The AppTrader has an impressive suite of technical indicators, several chart types, and it suits all traders despite their level of expertise.
  3. MetaTrader 4 is the most popular trading platform in the industry that offers all forex traders to more than 300 financial instruments. This award-winning Moneta Markets MT4 platform allows for quick and reliable execution of trades across a range of markets seamlessly.
  4. MetaTrader 5 – The Moneta Markets MetaTrader 5 trading platform provides forex traders with advanced trading functions, more than 30 built-in indicators, 21 timeframes, and more advanced order types.
  5. MetaTrader for MacOS allows all Moneta Markets Mac users with access to a range of financial instruments, competitive trading conditions, and advanced trading tools and solutions.

Does Moneta Markets Have a News Blog for Forex News?

Yes. Moneta Markets offers forex traders with a free news blog for forex news on the official Moneta Markets website.

Does Moneta Markets Have a Traders Dashboard?

Yes, Moneta Markets has a Traders Dashboard, which is the proprietary Market Buzz that gives forex traders access to the latest news, media coverage, events, and updates from a variety of financial asset classes.

Moneta Markets Traders Dashboard

Does Moneta Markets Have an Educational Section?

Yes, Moneta Markets has a limited educational section on the official website.

 

What is the content of Moneta Markets Forex Education?

The only education that Moneta Markets offers can be found under the “Clients” section and “WebTrader Tutorials.” The topics which are covered relate to the proprietary Moneta Markets trading platform, covering:

  1. How to place a market order
  2. How to place a pending order
  3. How to add an indicator

Is Moneta Markets Legit?

Yes, Moneta Markets is a legit Forex Broker and Trade Platform which is the trademark of the award-winning, popular, and reputable Vantage Group. 

Is Moneta Markets Safe?

Yes, Moneta Markets is a reliable and safe Forex Trade platform where regulation and stringent safety protocols are concerned. Moneta Markets is a part of the Vantage Group, with the following corresponding regulation and authorizations:

  • Vantage Group Prime LLP which is regulated by the Financial Conduct Authority (FCA) in the UK.
  • Vantage Global Limited is authorized and regulated by the Vanuatu Financial Securities Commission (VFSC) in Vanuatu.
  • Vantage International Group Limited which trades under Moneta Markets with regulation and authorization through the Cayman Islands Monetary Authority (CIMA).

These strict, reputable regulatory entities require that Moneta Markets keep all client funds in segregated accounts with top-tier banks. In addition, Moneta Markets may not use these funds for any other purposes other than trading.

Is Moneta Markets a Good Broker?

Yes. According to the Forex Suggest review, Moneta Markets is a good broker in terms of security, online support, and trading speed but not cryptocurrencies.

Where security is concerned, Moneta Markets uses the best SSL technology along with other innovative tools.

Where online support is concerned, Moneta Markets can be accessed through a live chat function 24 hours a day, five days a week.

In terms of trading speed, Moneta Markets has an advanced trading infrastructure and some of the best trade execution. Moneta Markets has servers located around the world which are connected by fiber optics to the best liquidity providers, ensuring that forex traders have reliable, fast trade execution.

Moneta Markets may offer more than 300 financial instruments, but cryptocurrencies are not a part of this offering.

What is the Offering of Investment in Moneta Markets?

Offerings of Moneta Markets can be found below.

Feature Moneta Markets
Forex Trading Yes
CFDs Yes
Forex Pairs Yes
Cryptocurrency (Physical) No
Cryptocurrency (CFD) Yes
Social Trading  No

Does Moneta Markets have Nasdaq?

Yes, Moneta Markets has Nasdaq.

Nasdaq, known as the US Tech 100 or the Nasdaq composite, is the second-largest stock exchange by market capitalization. Nasdaq tracks the top technology stocks in the US.

What are the Awards of Moneta Markets?

Forex Trading Platform Moneta Markets’ awards are listed below.

  1. Best Customer Support – CFD Broker – 2020
  2. Most Advanced Web-Based CFD Trading Platform – Corporate Excellence Awards – 2020

How to Use Moneta Markets for Forex trading?

To use Moneta Markets, a forex trader should have the necessities below:

  1. Traders must have a copy of their identity document along with proof of their residential address for Moneta Markets’ “Know Your Client” or KYC process.
  2. Traders must be 18 years old or older to register an account.
  3. Traders must be able to pay the $50 minimum deposit when registering a live trading account.

Once a forex trader meets the conditions above, they can register a forex trading account to use the services of Moneta Markets.

How to open a Forex trading account with Moneta Markets?

To open a Forex Trading account with Moneta Markets, a trader should follow the steps below.

  1. Forex traders can visit the official Moneta Markets website and select the green “Sign Up” banner on the homepage.
  2. Forex traders must first register on the Moneta Markets website by providing their first and last name, email address, mobile number, user-selected password, and by reading and acknowledging the Vantage International legal documents.
  3. Once completed, the forex trader will be redirected to their personal area on the Moneta Markets official website.
  4. Here, the forex trader must complete the section relating to personal details and financial details before submitting their identity documents and proof of residence for verification.
  5. Once the forex trader’s information and subsequent documents have been verified, the trading account can be approved, and the forex trader can pay the minimum deposit to start trading.

What is the Forex Trader Account Types with Moneta Markets?

Forex Trading Platform and Financial Asset Management Institution Moneta Markets have five different account types that are offered.

Moneta Markets Account Types are listed below. 

  1. Demo Account
  2. Islamic Account
  3. Moneta STP Account
  4. Moneta ECN Account
  5. Moneta Prime Account

      1. Demo Account

Moneta Markets offers forex traders of all experience levels with the option of registering and using a demo account. This demo account can be used in the following ways:

  • A practice account for beginner and newbie forex traders who are still learning to trade and who need a safe platform to build experience and skill.
  • More advanced forex traders who develop, test, and use different forex trading strategies.
  • Forex traders who want to test Moneta Markets’ trading conditions before they register a real trading account.

      2. Islamic Account

Muslim forex traders are prohibited from paying or receiving swaps on trading positions as a result of religious beliefs such as the Sharia Law. The Sharia Law regards such interest as exploitive and wasteful, and therefore Moneta Markets offers a swap-free or Islamic Account option to these forex traders.

Instead of paying swaps, Muslim account holders are subjected to a daily administration fee which is deducted from the account balance of the trading account.

      3. Moneta STP Account

The Moneta STP Account is the basic entry-level trading account that most traders use. This account type has the following features:

  • Access to use either Moneta Platform, MetaTrader 4, MetaTrader 5, or AppTrader.
  • STP execution
  • Access to 44 forex pairs, 16 indices, 19 commodities, and 226 share CFDs
  • Minimum deposit of $50
  • Minimum trading volume from 0.01 lots
  • Leverage up to a maximum of 1:500
  • Spreads from 1.2 pips EUR/USD
  • Zero commission charges on trades
  • Account currency in either AUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, or HKD
  • The option for an Islamic or Swap-free account
  • Stop-out of 50% and the ability to use hedging

   4. Moneta ECN Account

The Moneta ECN Account is a popular option that is perfect for forex traders who use scalping and Expert Advisors (EAs). The account features that forex traders can expect are as follows:

  • Access to use either Moneta Platform, MetaTrader 4, MetaTrader 5, or AppTrader.
  • ECN execution
  • Access to 44 forex pairs, 16 indices, 19 commodities, and 226 share CFDs
  • Minimum deposit of $200
  • Minimum trading volume from 0.01 lots
  • Leverage up to a maximum of 1:500
  • Spreads from 0.0 pips EUR/USD
  • Commissions of $3 are charged per lot, per side
  • Account currency in either AUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, or HKD
  • The option for an Islamic or Swap-free account
  • Stop-out of 50% and the ability to use hedging

      5. Moneta Prime Account

The Moneta Prime Account is suited for professional forex traders who known what their trading needs and objectives are, and therefore they need the best possible conditions. This account type has the following features:

  • Access to use either the Moneta platform or MetaTrader 5
  • STP execution
  • Access to 44 forex pairs, 16 indices, 19 commodities, and 226 share CFDs
  • Minimum deposit of $10,000
  • Minimum trading volume from 0.01 lots
  • Leverage up to a maximum of 1:500
  • Spreads from 0.4 pips EUR/USD
  • Zero commission charges on trades
  • Account currency in either AUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, or HKD
  • Stop-out of 50% and the ability to use hedging

How to Withdraw Money from Moneta Markets?

To withdraw money from Moneta Markets, the following should be done:

  • Forex traders can log into their Moneta Markets WebTrader platform or any other corresponding trading platform using their unique credentials.
  • Forex traders can click on their name in the top right corner and select the option to “Withdraw” funds.
  • The forex trader can complete the form and submit it electronically.
  • Depending on the withdrawal method, the forex trader’s withdrawal can take between one and three business days.
  • Traders must note that third-party payments are prohibited as per AML/CTF rules and regulations.
  • Moneta Markets may refuse withdrawal requests if the trading account is under investigation for charge-backs or there is a chance for negative balances following a withdrawal.

How many days do deposits take with Moneta Markets?

According to the official Moneta Markets website, deposits depend on the payment method used, and each has its own processing time as follows:

  • Bank wire transfer – between 2 to 5 working days
  • Credit/Debit Cards – Instantly
  • Fasapay – Instant
  • JCB – Instant
  • Sticpay – Instant

What are the costs and fees with Moneta Markets?

There are four types of costs with Moneta Markets, namely spreads, commissions, swap fees, and margin requirements. 

The spread can be defined as the difference between the bid and the asking price, which is indicated in pips, and which can fluctuate depending on market conditions. 

Commissions are typically charged as a flat fee depending on the account type and the financial instrument being traded.

Swap, overnight, or rollover fees are charged on certain positions that are held open overnight or over weekends after trading has concluded. Trader can either be debited or credited swaps depending on whether they hold a long or a short position. 

Lastly, margin requirements or calls are seen as collateral and must be paid by the trader at the beginning of the trade. Leverage lowers these requirements significantly. However, leverage must be used wisely.

What are the Trading Fees with Moneta Markets?

The Forex Trading Fees with Moneta Markets are below. 

The Moneta STP Account

  1. Spreads: from 1.2 pips
  2. Commissions: None
  3. Swap Fees: As per MT4/MT5, depending on market conditions
  4. Stop-out: 50%

The Moneta ECN Account

  1. Spreads: from 0.0 pips.
  2. Commissions: from $3 per lot, per side.
  3. Swap Fees: As per MT4/MT5, depending on market conditions
  4. Stop-out: 50%

The Moneta Prime Account

  1. Spreads: from 0.4 pips
  2. Commissions: None
  3. Swap Fees: As per MT4/MT5, depending on market conditions
  4. Stop-out: 50%

What is the minimum deposit in Moneta Markets?

The recommended minimum initial amount is 50 USD. 

What are the contract specifications in Moneta Markets?

Feature Moneta Markets
Forex Trading Yes
CFDs 226
Forex Pairs 44
Cryptocurrency (Physical) 0
Cryptocurrency (CFD) 0
Social Trading  No

Does Moneta Markets have promotional offers?

Yes, Moneta Markets Trade and Exchange platform has promotional offers for existing as well as new forex trading account holders. These promotional offers are as follows:

  1. Refer a Friend
  2. 50% Deposit Bonus

Does Moneta Markets have a welcome bonus?

Yes, Moneta Markets offers a welcome bonus to new forex traders up to a maximum of 50%.

A welcome bonus is offered to traders who register a real account for the first time and provides them with trading credit. When forex traders deposit $500, or more, they are given with 50% back on their deposit.

Does Moneta Markets have a deposit bonus?

Yes, Moneta Markets offers a deposit bonus of 50% when forex traders fund their trading account with $500 or more. 

A deposit bonus is granted to forex traders either when they register a new account or with every deposit, according to the discretion of the broker. The deposit bonus that Moneta Markets offers is applicable to both new and existing clients.

Is there a commission-free trade bonus in Moneta Markets?

No, Moneta Markets does not offer forex traders with a commission-free trade bonus.  

Is there a VIP bonus in Moneta Markets?

No, Moneta Markets does not offer forex traders with a VIP bonus.

Can you start trading with no money at Moneta Markets?

No, you cannot start trading with no money at Moneta Markets. To start trading, traders must pay a minimum deposit of $50.

How does leverage work with Moneta Markets?

Moneta Markets offers forex traders with flexible leverage, which starts from 1:20 on Share CFDs up to a maximum of 1:500 on forex majors.

Leverage is a useful tool that allows traders to open larger positions by lowering the margin requirement or call that is needed at the start of each trade as collateral. Leverage can maximize the trader’s profit potential, but it can also expose traders to significant losses.

Traders can change leverage by hovering over the “Clients” tab and selecting the option to “Change leverage.”

Where are the headquarters of Moneta Markets?

Moneta Markets is headquartered in the Cayman Islands.

Who is Moneta Markets’ CEO?

Moneta Markets is the trademark of Vantage Group. The CEO of Vantage Group/FX is David Shayer, who has held the position since January 2019. David Shayer graduated from the University of Aberdeen in 1994 with his MA (Hons) in Economics.

What are the social media accounts of Moneta Markets?

Traders can follow Moneta Markets on the following social media accounts:

  • Facebook
  • Twitter
  • LinkedIn
  • YouTube

How many employees do work for Moneta Markets?

According to official sources, Moneta Markets has between 50 and 100 employees.

What are your opinions about Moneta Markets?

Through its affiliation with Vantage Group, Moneta Markets is classified and well-known as a reputable, award-winning forex broker and trading platform. There are many forex traders who have given Moneta Markets a 4.7 score out of 5 on Trustpilot, providing Moneta Markets’ reliability.

What are Moneta Markets Contests?

Moneta Markets does not run any contests.

Moneta Markets does not currently have any contests, and there are no announcements on the official websites that indicate whether there will be contests held in the future.

Does Moneta Markets have online support?

Yes, Moneta Markets offers online support to forex traders through the live chat option that is available at the bottom of each screen on the website. Support agents can be contacted 24 hours a day, five days a week, and responses are prompt and helpful.

Does Moneta Markets offer demo accounts for Forex trading?

Yes, Moneta Markets offers a free demo account for all new traders. The demo account can be opened with the following steps:

  1. Forex traders can navigate to the official Moneta Markets website and select “Demo” from the top of the homepage.
  2. A short sign-up form will pop up, and the forex trader can provide their first and last name, email address, mobile number, and user-selected password before selecting “Start Trading.”
  3. Forex traders will receive an embedded link to verify their email address, and they will receive the login credentials that they can use on the trading platform of their choice.

Does Moneta Markets have a mobile app for Forex trading?

Yes, Moneta Markets offers the Direct App for Android and iOS. 

The Moneta Markets app offers forex traders with more than 45 indicators, nine timeframes, six different chart types, and an entire suite of drawing tools which includes trendlines, Fibonacci levels, and more.

In addition, the mobile trading app also provides forex traders with full control over their risks. When using this feature, forex traders can view their risk level in pips, price, and USD value, allowing them to know how much is at stake with each trade.

Moneta Markets Mobile App

Does Moneta Markets publish an economic calendar?

Yes, Moneta Markets offers a free economic calendar on the official website.

An economic calendar is a crucial trading tool that provides traders with the ability to view relevant economic information which is scheduled to be released. Such events could impact on the financial markets and, subsequently, the trader’s trading.

With this useful trading tool, forex traders can ensure that they stay on top of the most recent events that may affect their forex trading.

Moneta Markets Economic Calendar

What is the communication information of Moneta Markets?

Moneta Markets has two main telephone numbers and three different business addresses.

Moneta Markets can be contacted telephonically on the following:

  • UK: +44 113 320 4819
  • International: +61 2 8330 1233

The business addresses of Moneta Markets/Vantage Group are as follows:

  • Vantage Global Prime LLP – 7 Bell Yard, London, England
  • Vantage Global Limited – iCount Building, Kumul Highway, Port Villa, Vanuatu
  • Vantage International Group Limited – Artemis House, 67 Fort St, Grand Cayman

Table of Contents