Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

Moneta Markets Review Summary in 10 Points
Founded	2020
Registered Country/Region	Australia
Regulation	FSA (offshore regulated) / FSCA (general registration) / ASIC (regulated)
Market Instruments	Forex, Commodities, Indices, Share CFDs, ETFs, Bonds
Demo Account	Available
Leverage	1000:1
EUR/USD Spread	From 0.0 pips
Trading Platforms	MT4, PRO Trader
Minimum deposit	$50
Customer Support	24/5 live chat, phone, email

What is Moneta Markets？

Founded in 2020, Moneta Markets is an Australian Forex and CFD broker, giving its clients access to a bulk of trading assets, including forex, commodities, indices and more through both MT4 and PRO Trader platforms, flexible leverage up to 1:1000, initial deposit as low as $50.

Concerning regulation, Moneta Markets is the trading name of Moneta Markets South Africa (Pty) Ltd, regulated by the Financial Sector Conduct Authority (FSCA) of South Africa under license number 47490 and located at 1 Hood Avenue, Rosebank, Johannesburg, Gauteng 2196, South Africa.

Besides, Moneta Markets is also a trading name of Moneta Markets Pty Ltd, authorized by the ASIC in Australia, holding an Appointed Representative (AR) license, with License No.: 001298177.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Moneta Markets appears to be a competitive broker with a wide range of trading instruments and account types, as well as multiple funding options and trading platforms. The broker's negative balance protection and segregation of client funds provide an added layer of security for traders. However, the limited educational resources and offshore regulated by FSA may be potential drawbacks for some traders.

Pros	Cons
• Regulated by ASIC	• Limited educational resources
• Wide range of trading instruments	• Clients from Canada, the United States are not accepted
• Demo accounts and Islamic (swap-free) accounts are available	• No cryptocurrency trading
• High leverage available on certain assets	• Offshore regulation (FSA)
• Competitive spreads and commission rates
• Multiple funding methods with no deposit or withdrawal fees
• Negative balance protection and segregated client accounts

Please note that this is not an exhaustive list and there may be additional pros and cons depending on individual preferences and circumstances.

Is Moneta Markets Safe or Scam？

Moneta Markets holds three regulatory licenses. The Seychelles Financial Services Authority (FSA) license is offshore regulated, Financial Sector Conduct Authority (FSCA) license is general registration, Australia Securities & Investment Commission (ASIC) license is regulated.

Moneta Markets appears to have proper regulatory licenses and measures in place to ensure the safety of client funds. Client funds are held in a segregated account with AA-Rated Global Bank and trading accounts have negative balance protection. They are also subject to regular audits and have comprehensive insurance. However, it's important to conduct thorough research and due diligence before investing in any financial product or service, as the market carries inherent risks.

Market Instruments

Moneta Markets offers a diverse range of over 1000 CFDs to trade, including Forex currency pairs, commodities, indices, share CFDs, ETFs, and bonds. This provides traders with ample opportunities to diversify their portfolios and take advantage of various market conditions.

Accounts

Apart from demo accounts, Moneta Markets offers three live accounts to cater to traders with different needs, Direct STP, Prime ECN, and Ultra ECN. The minimum deposit requirement is $50, $200 and $50,000 respectively. Moneta Markets also offers Islamic accounts for Direct STP and Prime ECN accounts, which are swap-free and designed for traders who want to adhere to Sharia law.

Leverage

Moneta Markets offers leverage options that vary depending on the asset class, with the highest leverage of up to 1000:1 available for forex, indices and precious metals. Energy instruments have a maximum leverage of 500:1, while soft commodities have a maximum leverage of 50:1, and share CFDs have a maximum leverage of 33:1. It is important to note that high leverage can lead to increased risk and potential losses, so traders should use caution and ensure they understand the risks involved before using leverage.

Spreads & Commissions

Moneta Markets offers different spreads and commissions depending on the account type. Direct STP accounts have spreads starting from 1.2 pips and no commission fees. Prime ECN accounts have spreads starting from 0.0 pips with a commission fee of $3 per lot per side. Ultra ECN accounts have spreads starting from 0.0 pips with a commission fee of $1 per lot per side. The commission fees are relatively low compared to other brokers, and the tight spreads can be attractive for traders who want to minimize trading costs.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker	Spread	Commission
Moneta Markets	1.2 pips	Free
Rakuten Securities	0.3 pips	Free
GMI	0.2 pips	Free
DBG Markets	0.0 pips	$7/lot

Note that spreads and commissions can vary depending on market conditions and account type.

Trading Platforms

Moneta Markets offers multiple trading platforms to its clients, including the PRO Trader, MetaTrader 4 (MT4), MetaTrader 5 (MT5) mobile apps, and MT4 WebTrader. The PRO Trader platform is the broker's proprietary platform that is designed for traders who prefer a customizable and user-friendly interface. MT4 and MT5 are popular trading platforms that provide advanced charting tools, technical indicators, and algorithmic trading capabilities. The MT4 WebTrader is a browser-based platform that allows clients to trade from any device with internet access, without the need to download any software. The mobile apps provide the convenience of trading on-the-go for iOS and Android devices.

Overall, Moneta Markets' trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders.

See the trading platform comparison table below:

Broker	Trading Platform(s)
Moneta Markets	PRO Trader, MT4, MT4 and MT5 mobile apps, and MT4 WebTrader
Rakuten Securities	Rakuten FX, Rakuten Securities Option Station, MetaTrader 4
GMI	MT4, GMI Edge
DBG Markets	MT4, WebTrader

Note: These may not be the only trading platforms offered by these brokers, and some platforms may only be available to certain account types.

Trading Tools

Moneta Markets provides a range of trading tools to help traders make informed decisions. The Premium Economic Calendar is a comprehensive tool that provides detailed information about upcoming economic events and their expected impact on the market. Technical Views provides a variety of technical analysis tools to help traders analyze market trends and patterns. Alpha EA is an automated trading tool that uses advanced algorithms to identify profitable trading opportunities. AI Market Buzz uses artificial intelligence to analyze market sentiment and identify potential trading opportunities. Forex Signals provides real-time trading signals to help traders make informed trading decisions. Finally, Market Masters Tutorials is a collection of educational resources that cover a wide range of trading topics and provide traders with valuable insights into the market.

Deposits & Withdrawals

Moneta Markets offers a variety of funding methods to accommodate traders globally, including International EFT, credit/debit cards (Visa, MasterCard), Fasapay, JCB Bank, and Sticpay, with a relatively low minimum deposit requirement of $50.

Moneta Markets Money Deposit

To make a deposit into your Moneta Markets account, you need to follow these steps:

Step 1: Log in to your Moneta Markets Client Portal;

Step 2: Click “Funds - Withdraw Funds” on the left side menu;

Step 3: Choose your preferred payment option to fund your account.

Base Currencies:

• USD: United States dollar ($)

• EUR: Euro (€)

• GBP: British pound sterling (£)

• NZD: New Zealand dollar (NZ$)

• SGD: Singapore dollar (S$)

• JPY: Japanese yen (¥)

• CAD: Canadian dollar (C$)

• HKD: Hong Kong dollar (HK$)

• BRL: Brazilian real (R$)

Moneta Markets minimum deposit vs other brokers

	Moneta Markets	Most other
Minimum Deposit	$50	$100

The broker also does not charge deposit and withdrawal fees, except for possible handling fees charged by the financial institution. The majority of deposits are processed instantly, while withdrawals are usually processed within 1-3 business days. However, International EFT withdrawals may take longer, up to 5 business days. It's worth noting that International bank wire transfers may incur additional fees charged by both the trader's and broker's financial institutions.

Moneta Markets Money Withdrawal

To withdraw funds from your Moneta Markets account, you need to follow these steps:

Step 1: Log in to your Moneta Markets Client Portal;

Step 2: Click “Funds - Withdraw Funds” in the left side menu;

Step 3: Complete the form and your withdrawal will be processed shortly.

Fees

Moneta Markets charges fees in the form of spreads and commissions for trading that we have mentioned before, but there are no deposit or withdrawal fees. Additionally, there is an inactivity fee of $10 per month for accounts that have been inactive for after 180 days of inactivity.

See the fee comparison table below:

Broker	Deposit Fee	Withdrawal Fee	Inactivity Fee
Moneta Markets	None	None	$10/month after 180 days of inactivity
Rakuten Securities	None	None	None
GMI	None	None	None
DBG Markets	None	$30 for international wire transfer	None

Note: Fees may vary depending on the account type and payment method used. It is recommended to check with each broker for the most up-to-date information on their fees.

Customer Service

Moneta Markets seems to provide professional and dedicated customer support. Firstly, Moneta Markets relies on its FAQ section to give clients some general and basic answers concerning their trading process.

Secondly, clients with any inquiries can also get in touch with Moneta Markets through multiple contact channels. Here are some contact details:

• Phone: UK - 44 (113) 3204819, International - 61283301233

• Email: support@monetamarkets.com

• 24/5 Online Chat

Or you can also follow this broker on some social media platforms, such as Facebook, Instagram, Twitter, LinkedIn and YouTube.

Overall, Moneta Markets' customer service is considered reliable and responsive, with various options available for traders to seek assistance.

Pros	Cons
• 24/5 customer support available	No 24/7 customer support
• Multilingual customer support
• Quick response time
• Personalized customer service experience

Note: These pros and cons are based on available information and may not be exhaustive.

Conclusion

Moneta Markets is a regulated online broker that offers a range of trading instruments, multiple account types, and trading platforms. They provide access to various trading tools, including a premium economic calendar, forex signals, and technical views. The broker offers competitive spreads and commissions, and they have various funding methods with no deposit and withdrawal fees. However, they have limited educational resources. Overall, Moneta Markets is a good option for traders looking for a reliable and comprehensive online trading experience.

Frequently Asked Questions (FAQs)

Q 1:	Is Moneta Markets regulated？
A 1:	Yes. It is regulated by ASIC, offshore regulated by FSA and have a general registration of FSCA license.

Q 2:	At Moneta Markets, are there any regional restrictions for traders？
A 2:	Yes. The information on their site is not intended for residents of Canada, the United States, or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Q 3:	Does Moneta Markets offer demo accounts？
A 3:	Yes. Each Moneta Markets demo account lasts for 30 days before your login will expire.

Q 4:	Does Moneta Markets offer Islamic (swap-free) accounts？
A 4:	Yes. Islamic (swap-free) accounts are available for Direct STP and Prime ECN accounts

Q 5:	Does Moneta Markets offer the industry-standard MT4 & MT5？
A 5:	Yes. It supports MT4 and PRO Trader.

Q 6:	What is the minimum deposit for Moneta Markets？
A 6:	The minimum initial deposit to open an account is $50.

Q 7:	Is Moneta Markets a good broker for beginners？
A 7:	Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money.

Registered in	United Kingdom
Regulated by	LFSA, FSA
Year(s) of establishment	5-10 years
Trading instruments	Forex pairs, metals, energies, indices, stocks, cryptocurrencies… 90+ instruments
Minimum Initial Deposit	$50
Maximum Leverage	1:2000
Minimum spread	0.0 pips onwards
Trading platform	MT4
Deposit and withdrawal method	Bank wire transfer, USDT, local deposit, union pay
Customer Service	24/7 Email, live chat, YouTube, Facebook, line
Fraud Complaints Exposure	No for now

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and cons of WeTrade

Pros:

• Regulated by FSA and LFSA, ensuring client fund safety

• Wide range of instruments including forex pairs, metals, energies, indices, stocks, and cryptocurrencies

• Multiple account types to suit different traders, including a demo account

• Competitive spreads and high leverage of up to 1:2000

• Educational resources available to traders, including an economic calendar and video tutorials

Cons:

• Limited deposit and withdrawal options, with only USDT, bank wire, and local deposit accepted for deposit and union pay and bank wire for withdrawal

• Customer support with only email and social media channels for communication

• Limited information available about the company's background and history

• No mobile trading platform available for traders on the go

• ECN account requires a minimum deposit of $3000 and charges a commission of $7 per lot traded.

What type of broker is WeTrade？

Advantages	Disadvantages
No conflict of interest	Higher spreads than market makers
Straightforward pricing	No fixed spreads
Lower trading costs	Possible requotes during volatile markets
No trading restrictions	Slower order execution than market makers

WeTrade is an STP (Straight Through Processing) broker that enables its clients to have direct access to interbank markets. This type of broker passes on their client's orders directly to liquidity providers, which are typically banks, without the need for a dealing desk. As a result, STP brokers are typically known for their transparency and faster order execution. WeTrade's STP model allows clients to experience pricing that reflects current market conditions, which can result in lower trading costs. However, since WeTrade does not have fixed spreads, clients may experience wider spreads during volatile markets. Additionally, requotes may occur due to the time it takes to process orders.

General information and regulation of WeTrade

WeTrade is a UK registered forex broker that is regulated by the Financial Services Authority (FSA) and the Labuan Financial Services Authority (LFSA) in Malaysia. The FSA is one of the most reputable financial regulatory bodies in the world, and its oversight ensures that WeTrade operates according to strict standards of transparency and fairness. The LFSA is also a well-respected regulator and its oversight provides an additional layer of protection for traders. WeTrade's regulatory status is a significant advantage as it offers traders a level of protection and reassurance that their funds are safe and that the broker is operating within the law.

In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.

Market instruments

Advantages	Disadvantages
Wide range of 90+ instruments including forex pairs, metals, energies, indices, stocks, and cryptocurrencies	No information provided on specific spreads for each instrument
Ability to diversify trading portfolio	Limited selection of cryptocurrencies compared to some other brokers
Access to a variety of markets and assets

WeTrade offers its traders a wide range of 90+ instruments to choose from, including forex pairs, metals, energies, indices, stocks, and cryptocurrencies. This provides traders with a great opportunity to diversify their trading portfolio and access a variety of markets and assets. However, the broker does not provide specific information on spreads for each instrument, which can be a disadvantage for traders who are looking for greater transparency in terms of trading costs. Additionally, the selection of cryptocurrencies offered by WeTrade is somewhat limited compared to some other brokers in the market.

Spreads and commissions for trading with WeTrade

Advantages	Disadvantages
Low spreads for all account types	Commission charged for ECN account
Zero commission for STP, VIP, and Affiliate accounts	Higher spreads for Affiliate account
ECN account offers zero spreads	Commission charged for ECN account

WeTrade offers multiple account types, including STP, VIP, ECN, and Affiliate accounts, each with different spreads and commissions. The STP account offers spreads of EURUSD from 1.8 pips, with zero commission, making it an ideal choice for beginner traders. The VIP account offers lower spreads of EURUSD from 1.0 pips, with zero commission, making it a suitable option for advanced traders. The ECN account offers zero spreads, but with a commission of $7 per lot traded, making it more suitable for high-volume traders. Lastly, the Affiliate account offers spreads of EURUSD from 2.3 pips, with zero commission, designed for traders who want to earn commission through referrals. Overall, WeTrade's spreads and commission rates are competitive and cater to different trading needs.

Trading accounts available in WeTrade

Advantages	Disadvantages
Multiple account types to choose from	Higher minimum deposit for ECN account
High leverage of 1:2000	Lower leverage may be preferred by some traders
Commission-free trading on STP and VIP accounts	Commission charged on ECN account
Demo account available for risk-free trading	Limited information on specific account features

WeTrade offers traders a choice of four account types to suit their needs. The STP and VIP accounts have a minimum deposit of 50USD and 1000USD, respectively, and both offer commission-free trading. The ECN account requires a higher minimum deposit of 3000USD but offers spreads as low as 0.0 pips with a commission of 7USD per lot. The Affiliate account has the same minimum deposit as the STP account and offers commission-free trading, but with wider spreads. Additionally, a demo account is available for traders who want to practice their trading strategies without risking real money. The high leverage of 1:2000 is available across all account types, but some traders may prefer a lower leverage.

Trading platform(s) that WeTrade offers

Advantages	Disadvantages
Well-known and widely used platform	Limited customization options
User-friendly interface	No built-in economic calendar
Supports algorithmic trading through Expert Advisors (EAs)	Limited charting capabilities
Wide range of technical analysis tools and indicators	No mobile push notifications
Supports multiple order types	Limited timeframes for backtesting

WeTrade offers its clients the MetaTrader 4 (MT4) platform, which is a well-known and widely used trading platform in the forex industry. The platform is known for its user-friendly interface and wide range of technical analysis tools and indicators, making it a popular choice among traders. Additionally, MT4 supports algorithmic trading through Expert Advisors (EAs), providing traders with automated trading capabilities. However, one of the main disadvantages of MT4 is its limited customization options, making it difficult for traders to create a personalized trading environment. Additionally, the platform lacks a built-in economic calendar and mobile push notifications, which can be a drawback for traders who rely on these features. Lastly, while MT4 supports multiple order types, it has limited timeframes for backtesting, which can be a disadvantage for traders who want to thoroughly test their strategies.

Maximum leverage of WeTrade

Advantages	Disadvantages
Allows for potential higher profits with smaller capital	Increases risk of significant losses and margin calls
Opportunity for greater market exposure and trading opportunities	Inexperienced traders may misuse high leverage, leading to significant losses
Can be useful for experienced traders with solid risk management strategies	May lead to overtrading or emotional trading due to increased potential gains or losses
May attract more traders due to the appeal of high leverage	Regulated brokers have limits on maximum leverage, which may restrict traders from taking advantage of higher leverage ratios

WeTrade offers a maximum leverage of up to 1:2000, which is relatively high compared to other forex brokers. This allows traders to potentially increase their profits with a smaller capital investment and have greater market exposure. However, high leverage also increases the risk of significant losses and margin calls, especially for inexperienced traders who may misuse it or engage in overtrading or emotional trading. Experienced traders with solid risk management strategies may find high leverage useful, but regulated brokers have limits on maximum leverage, which may restrict traders from taking advantage of higher leverage ratios.

Deposit and Withdrawal: methods and fees

Advantages	Disadvantages
Multiple deposit options	Limited withdrawal options
No extra fees charged	No information provided on deposit/withdrawal processing time
No minimum account required	Limited deposit options
Safe and secure transactions

WeTrade offers its clients multiple deposit options, including USDT, bank wire, and local deposits. Clients can withdraw funds via union pay and bank wire. WeTrade does not charge any extra fees for deposits or withdrawals. Additionally, there is no minimum account required, making it accessible for traders with different budgets. However, there is limited information provided about the deposit/withdrawal processing time. While WeTrade provides a safe and secure transaction environment, it offers limited withdrawal options compared to other brokers.

Educational resources in WeTrade

Advantages	Disadvantages
Multiple educational resources available	No dedicated educational section on website
Economic calendar available for keeping track of important events	Limited customization options for video tutorials
Market reports and analyst views provide up-to-date information on market trends	No interactive webinars or live training sessions
Access to a variety of indicators and TV channels for technical analysis	Limited educational resources for advanced traders
Resources available in multiple languages for wider accessibility	No in-person training or seminars provided by WeTrade

WeTrade offers various educational resources to its clients to enhance their trading skills and knowledge of the financial markets. The resources include an economic calendar, market reports, video tutorials, analyst views, indicators, and TV channels. The economic calendar keeps clients informed about important upcoming events that could affect the markets, while the market reports and analyst views provide up-to-date information on market trends. The video tutorials cover a range of topics from the basics of trading to advanced strategies, and clients can access a variety of indicators and TV channels for technical analysis. The educational resources are available in multiple languages to cater to clients from different parts of the world. However, there is no dedicated educational section on the website, and the educational resources may not be sufficient for advanced traders seeking more in-depth training.

Customer service of WeTrade

Advantages	Disadvantages
24/7 availability	No phone support
Multiple channels of communication	Response time may vary
Quick response times

WeTrade offers a comprehensive customer care service that is available 24/7 through various communication channels such as email, YouTube, Facebook, and line. This provides customers with multiple options to reach out to the support team and get their queries resolved in a timely manner. Additionally, the support team has a reputation for providing quick response times, which ensures that customers' issues are resolved efficiently. However, WeTrade does not offer phone support, which may be inconvenient for some customers who prefer to speak with a representative directly. Moreover, the response time may vary based on the communication channel used, and the nature of the query may also impact the response time.

Conclusion

In conclusion, WeTrade is a UK-based forex broker that is regulated by FSA and LFSA. The broker offers various account types, including STP, VIP, ECN, and affiliate, with competitive spreads and high leverage up to 1:2000. The broker supports various trading instruments, including forex pairs, metals, energies, indices, stocks, and cryptocurrencies. Moreover, WeTrade provides educational resources and customer support available 24/7 via email, YouTube, Facebook, and Line. Overall, WeTrade has some advantages such as competitive trading conditions, a wide range of tradable instruments, and excellent customer support, which make it an attractive option for traders. However, there are also some drawbacks such as limited deposit and withdrawal options, lack of a proprietary trading platform, and no negative balance protection. Therefore, traders should carefully consider their options and weigh the advantages and disadvantages before choosing WeTrade as their preferred forex broker.

Frequently asked questions about WeTrade

• What is the minimum deposit required to open an account with WeTrade？

• Answer: The minimum deposit required to open an account with WeTrade varies depending on the account type chosen. For the STP or affiliate account, the minimum deposit is 50 USD, for the VIP account it is 1000 USD, and for the ECN account it is 3000 USD.

• What trading platforms does WeTrade offer？

• Answer: WeTrade offers the popular MetaTrader 4 (MT4) platform for desktop, web, and mobile devices. MT4 is well-known for its advanced charting features, customization options, and automated trading capabilities.

• What are the maximum leverage levels offered by WeTrade？

• Answer: WeTrade offers a maximum leverage of up to 1:2000 for all account types, which means that traders can open positions that are up to 2000 times the size of their account balance.

• What instruments can I trade with WeTrade？

• Answer: WeTrade offers a variety of financial instruments for trading, including forex pairs, metals, energies, indices, stocks, and cryptocurrencies. In total, there are over 90 instruments available for trading.

• How can I contact WeTrade customer support？

• Answer: WeTrade offers 24/7 customer support via email, YouTube, Facebook, and Line. Traders can reach out to the support team at any time for assistance with their account or trading-related questions.