Registered in	UK
Regulated by	CYSEC, CNMV and FCA
Year(s) of establishment	10-15 years
Trading instruments	Forex pairs, indices, commodities, stocks, ETFs
Minimum Initial Deposit	$0
Maximum Leverage	1:30
Minimum spread	0.35 pips onwards
Trading platform	x Station 5 and x Station Mobile trading platforms
Deposit and withdrawal method	bank transfers, credit cards and Skrill
Customer Service	Email/phone number/address
Fraud Complaints Exposure	Yes

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 XTB

Pros:

• XTB is regulated by top-tier authorities such as CYSEC, CNMV and FCA, which ensures the safety of client funds and compliance with industry standards.

• Clients can enjoy commission-free trading with spreads as low as 0.25 pips, making it a cost-effective option for forex traders.

• The xStation 5 and xStation Mobile platforms provide a user-friendly and advanced trading experience, with multiple technical analysis tools and charting options.

• A wide range of educational resources is available, such as market news, sentiment indicators, and eBooks, making it ideal for beginner traders who want to improve their trading skills.

Cons:

• XTB only offers a standard account type, with no information provided about the minimum deposit required to open an account.

• The maximum leverage offered is only up to 1:30, which may not be ideal for high-risk traders who want to take larger positions in the market.

• Withdrawals of less than 100 USD, 80 EUR, 60 GBP or 12000 HUF will be charged a high fee, which can be a disadvantage for clients with smaller accounts.

• Customer support is not available 24/7 and is only offered in a limited number of languages.

What type of broker is XTB？

Advantages	Disadvantages
XTB offers tight spreads and fast execution due to its Market Making model.	As a counterparty to its clients' trades, XTB has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients.

XTB is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, XTB acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that XTB has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with XTB or any other MM broker.

General information and regulation of XTB

XTB is a UK registered online forex and CFD broker that is regulated by the FCA, CYSEC, and CNMV. The company offers trading in a range of financial instruments including forex pairs, indices, commodities, stocks, and ETFs. XTB provides its clients with advanced trading platforms, educational resources, and a variety of payment methods. The broker also offers competitive spreads with zero commissions and has a maximum leverage of 1:30.

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 tradable assets	Limited selection of cryptocurrencies
Opportunity to diversify	Some instruments may have low liquidity
Access to multiple markets	Not all assets may be available in all regions

XTB offers a diverse range of instruments for traders to choose from, including forex pairs, indices, commodities, stocks, and ETFs. This presents a great opportunity for traders to diversify their portfolio and access multiple markets all within one platform. The wide selection of tradable assets ensures that there are plenty of options available for traders with varying strategies and preferences. However, it's important to note that some of the instruments may have low liquidity and there is a limited selection of cryptocurrencies available. Additionally, not all of the assets may be available in all regions, which could limit access for some traders. Overall, XTB's instrument dimension provides traders with a comprehensive selection of tradable assets, but it's important to research each asset's liquidity and availability before trading.

Spreads and commissions for trading with XTB

Advantages	Disadvantages
Zero commission
Competitive spreads starting from 0.25 pips
No hidden fees or additional charges

XTB offers a single account type with zero commission and competitive spreads starting from 0.25 pips, making it an attractive option for traders looking for low trading costs. There are no hidden fees or additional charges, providing transparency and ease of understanding for traders.

Trading accounts available in XTB

Advantages	Disadvantages
No commission	Only one account type
Low spreads	Minimum deposit not revealed
Wide range of trading instruments

XTB offers only one standard account type, which doesn't charge any commission and offers competitive spreads from 0.35 pips. This account type also provides access to a wide range of trading instruments, including forex pairs, indices, commodities, stocks, and ETFs. However, the minimum deposit requirement for this account type is not revealed, which can be a disadvantage for traders who are looking for transparency in terms of account funding. Additionally, the lack of account type options might not suit the needs of more advanced traders who require different trading conditions or access to additional features. Overall, the account type provided by XTB has its benefits in terms of low costs and diverse trading instruments, but it might not be suitable for all types of traders.

Trading platform(s) that XTB offers

Advantages	Disadvantages
Advanced charting tools	Limited platform options
Customizable interface	Limited mobile app features
Fast execution speed	No third-party platform support
One-click trading

X-Trade Brokers (XTB) provides its clients with two main trading platforms - xStation 5 and xStation Mobile. xStation 5 is a highly advanced platform with a customizable interface and advanced charting tools. The platform also offers fast execution speeds and one-click trading functionality. On the other hand, the xStation Mobile platform offers limited features compared to the desktop version. The mobile platform lacks advanced charting tools and other important features, limiting its functionality for traders who prefer to trade on-the-go. Additionally, XTB only offers its proprietary platforms and does not support any third-party trading platforms, which could be a disadvantage for some traders.

You can watch their video tutorial about this platform on their official YouTube channel.

Maximum leverage of XTB

Advantages	Disadvantages
Allows for greater market exposure with a smaller initial investment	High leverage can lead to substantial losses if not managed properly
Provides potential for higher returns	Trading with high leverage increases the risk of margin calls
Enables traders to diversify their portfolio	Not suitable for all types of traders, especially beginners
Allows for more flexibility in trading strategies	May require higher margin requirements and affect trading profitability

XTB offers a maximum leverage of up to 1:30 which is a standard leverage amount in the industry, especially in the European Union. The maximum leverage allows traders to increase their market exposure with a smaller initial investment and has the potential to generate higher returns. However, traders need to be aware that high leverage also carries a higher risk of substantial losses, and should only be used by experienced traders who have a good understanding of risk management strategies. Moreover, it may not be suitable for all types of traders, especially beginners who may find it difficult to manage the increased risk. Overall, the maximum leverage offered by XTB can be beneficial for traders who have experience in managing risk and are comfortable with high leverage trading.

Deposit and Withdrawal: methods and fees

Advantages	Disadvantages
Multiple deposit methods	High fee for withdrawals smaller than specified limit
No fees for deposits	Limited number of withdrawal methods
Fast deposit processing	Withdrawals may take up to 3 business days
Secure transactions	Minimum deposit amount not disclosed
No hidden charges

XTB offers a range of deposit methods including bank transfers, credit cards and Skrill. They do not charge any fees for deposits and process them quickly. However, withdrawals smaller than 100USD, 80 EUR, 60 GBP or 12000 HUF will be charged a high fee of around 20USD/16EUR/12GBP. The number of withdrawal methods is limited, and withdrawals may take up to 3 business days. XTB ensures secure transactions and does not have any hidden charges. However, the minimum deposit amount is not disclosed.

Educational resources in XTB

Advantages	Disadvantages
Wide range of educational resources including economic calendar, market news, articles, eBooks, and more	Some resources may be basic and not useful for experienced traders
Free to access	Limited interaction and personalization with educational resources
Provides opportunities for traders to improve their trading skills and knowledge	No structured or formal education programs offered
Regularly updated with the latest market news and analysis	No physical or in-person educational events or seminars offered
Offers a demo account for traders to practice their skills and strategies before trading with real money

XTB provides a wide range of educational resources for traders to improve their trading skills and knowledge. These resources include an economic calendar, market news, market sentiment, articles, eBooks, and more. These resources are free to access and provide opportunities for traders to improve their trading strategies and knowledge. The platform also offers a demo account for traders to practice their skills and strategies before trading with real money. While some resources may be basic and not useful for experienced traders, XTB regularly updates their resources with the latest market news and analysis. However, there are no structured or formal education programs or physical/in-person events or seminars offered, and there is limited interaction and personalization with educational resources.

Customer service of XTB

Advantages	Disadvantages
24/5 customer support	No 24/7 customer support
Multiple contact options
Dedicated account opening line	No live chat support
UK and Poland-based offices

XTB offers multiple customer support options, including 24/5 customer service through their UK and Poland-based offices. Clients can reach XTB's customer support team through various contact methods such as email, phone, and online messaging. Additionally, the company provides dedicated account opening lines for new clients. However, it is important to note that XTB does not offer 24/7 customer support, and phone support may be limited. Moreover, the company does not offer live chat support and email support may also be limited.

Conclusion

Overall, XTB is a well-regulated and reputable forex broker with several years of experience in the industry. The company offers a wide range of tradable assets, competitive spreads, and a user-friendly trading platform with advanced features. The educational resources provided by XTB are also a valuable asset for both novice and experienced traders. However, the limited account options and high withdrawal fees for small amounts may be a disadvantage for some traders. The customer support offered by XTB is efficient and available 24/5, and the company has a physical presence in several locations around the world. The maximum leverage offered by XTB is limited to 1:30, which may not be suitable for some high-risk traders. Overall, XTB is a solid choice for traders looking for a regulated and reliable forex broker.

Frequently asked questions about XTB

• What are the trading instruments available at XTB？

• Answer: XTB offers forex pairs, indices, commodities, stocks, and ETFs.

• What type of account is available at XTB？

• Answer: XTB only offers a standard account with a minimum deposit not revealed.

• What is the maximum leverage offered by XTB？

• Answer: XTB offers a maximum leverage of up to 1:30.

• What are the deposit and withdrawal methods available at XTB？

• Answer: XTB offers bank transfers, credit cards, and Skrill for deposits and withdrawals.

• What are the fees associated with withdrawals at XTB？

• Answer: Withdrawals smaller than 100 USD, 80 EUR, 60 GBP, or 12000 HUF will be charged a high fee of around 20 USD/16 EUR/12 GBP.

• What trading platforms are available at XTB？

• Answer: XTB offers the x Station 5 and x Station Mobile trading platforms.

• What educational resources are available at XTB？

• Answer: XTB provides a series of educational resources such as economic calendar, market news, market sentiment, articles, eBooks, and more.

• Is XTB regulated？

• Answer: XTB is under multiple regulation, including CYSEC, FCA, and CNMV.

• Does XTB offer a demo account？

• Answer: Yes, XTB offers demo accounts.

• Does XTB charges commission？

• Answer: No, XTB provides a commission-free trading.

• What is the minimum deposit for XTB？

• Answer: XTB requires $250 for clients t trade with it.

• What is the difference between a demo and a live trading account？

• Answer: A demo account is an account funded with virtual money that allows for risk-free trading while a live trading account requires actual capital.

• What is the overall rating for XTB ？

• Answer: The overall rating for XTB is 6.63/10 based on its Regulatory index, Risk Management index, Software index, Business index, License Index.

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？

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 also has registered with the FSCA in South Africa, with a Financial Service Corporate License. Yet, this license is beyond its business scope.

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)

Is Moneta Markets legit？

Yes. It is regulated by ASIC, offshore regulated by FSA and has a general registration of FSCA license.

At Moneta Markets, are there any regional restrictions for traders？

Yes. Moneta Markets does not accept residents of Canada, the United States, or used by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Does Moneta Markets offer demo accounts？

Yes. Each Moneta Markets demo account lasts for 30 days before your login will expire.

Does Moneta Markets offer Islamic (swap-free) accounts？

Yes. Islamic (swap-free) accounts are available for Direct STP and Prime ECN accounts.

Is Moneta Markets a good broker for beginners？

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.

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.