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Moneta Markets

Australia|2-5 years| Benchmark A|
Regulated in Seychelles|Retail Forex License|MT4/5 full license|Global Business|Suspicious Overrun|Medium potential risk|Offshore Regulatory|

https://www.monetamarkets.com

Website

Rating Index

Benchmark

Benchmark

A

Average transaction speed (ms)

425.4

MT4/5

Full License

MonetaMarkets-Demo 2

United Kingdom
MT4
73

Influence

A

Influence index NO.1

Brazil 8.04

Benchmark

Speed:AA

Slippage:B

Cost:AAA

Disconnected:C

Rollover:C

MT4/5 Identification

MT4/5 Identification

Full License

73
Server Name
MonetaMarkets-Demo 2 MT4
Server Location United Kingdom

Influence

Influence

A

Influence index NO.1

Brazil 8.04

Surpassed 59.72% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 (113) 3204819
support@monetamarkets.com
https://www.monetamarkets.com
1 Hood Avenue, Rosebank, Johannesburg, Gauteng 2196, South Africa

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
Moneta Markets
CCC
NSFX

Contact number

English

+44 (113) 3204819

Broker Information

More

Company Name

Moneta Markets Pty Ltd

Company Abbreviation

Moneta Markets

Platform registered country and region

Australia

Company website
Twitter
Facebook
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Linkedin

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts 2
Previous Detection : 2024-02-24
  • This broker exceeds the business scope regulated by South Africa FSCA(license number: 47490)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!
  • The Seychelles FSA regulation with license number: SD144 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

Moneta Markets · Benchmark
Average transaction speed(ms)
425.4
The highest transaction speed(ms)
297 Poor
The highest speed of opening positions(ms)
297
The highest speed of closing position(ms)
312
The lowest speed of opening positions(ms)
937 Great
The lowest speed of closing position(ms)
921 Good
Ranking: 71 / 125
Test user 281
Orders 1,838
Ocuppied margin $182,312 USD
Data Source WikiFX Data provide
Updated: 2024-02-22 01:02:SS

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Sources

Moneta Markets · Company Summary

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.

Moneta Markets website

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.

Account Types

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.

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.

Spreads

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.

MT4 vs Pro Trader

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.

Trading Tools

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.

payment methods

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.

How to make a deposit?

    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.

How to make a withdrawal?

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.

FAQ

    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.

Customer Service
Customer Service
social networks

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.

News

Moneta Markets Introduces Game-Changing Cashback Bonus Promotion

NewsMoneta Markets Introduces Game-Changing Cashback Bonus Promotion

2023-08-11 16:13

Discover Moneta Markets' innovative Cashback Bonus Promotion, a unique twist on standard Forex bonuses, offering active traders impressive rewards.

WikiFX
2023-08-11 16:13
News
Moneta Markets Introduces Game-Changing Cashback Bonus Promotion
“Moneta Markets is spreading its wings into Dubai”- Moneta Markets Founder and CEO

News“Moneta Markets is spreading its wings into Dubai”- Moneta Markets Founder and CEO

2023-07-19 19:35

Moneta Markets Broker broadens its offerings in Dubai. Moneta Markets is beginning the next stage of its planned international growth. This significant achievement represents the beginning of an exciting new chapter in Moneta Markets' goal to become a major financial brokerage player in the Middle East region.

WikiFX
2023-07-19 19:35
News
“Moneta Markets is spreading its wings into Dubai”- Moneta Markets Founder and CEO
Moneta Markets Launched Cutting-Edge Trading App

NewsMoneta Markets Launched Cutting-Edge Trading App

2023-07-14 15:55

Moneta Markets, a major worldwide CFD brokerage, is announced the launch of Moneta Markets AppTrader, a cutting-edge trading app. The app bridges the gap between financial markets and traders globally and provides unique on-the-go access to over 1,000 FX pairs, Share CFDs, Indices, Commodities, Bonds, and ETFs, with ECN spreads starting at 0.0 pips.

WikiFX
2023-07-14 15:55
News
Moneta Markets Launched Cutting-Edge Trading App
WIKIFX REPORT: Introduction of Moneta Markets a subsidiary of Vantage International Group

NewsWIKIFX REPORT: Introduction of Moneta Markets a subsidiary of Vantage International Group

2022-06-09 11:50

Moneta Markets is an emerging broker. With above-average service quality, inclusive policy on commissions, and transparency of policies, the broker has gradually gained the trust of traders in our country.

WikiFX
2022-06-09 11:50
News
WIKIFX REPORT: Introduction of Moneta Markets a subsidiary of Vantage International Group

User Reviews

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User comment

25

Comments

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Ric9949
0-3months
Excellent customer support, it is very concise and professional. Withdrawals are made efficiently and quickly.
2024-02-12 09:34
Reply
0
0
Omar935
0-3months
Moneta has no control over PAMM accounts. We are held hostage by the PAMM account managers who, in my case, are negligent and irresponsible. My withdrawal request is over 1 month old and I still haven't received the money. Moneta, solve my problem immediately. You are also responsible for the bad actions of the PAMM account managers. My account: 4707684.
2024-01-27 04:54
Reply
0
0
ぺろこ
6-12months
I've been using it for 5 years. Although I was in the red for four years, I finally made a profit in the fifth year, and when I tried to withdraw money, it was refused. It's dangerous here. scam.
2024-01-05 20:57
Reply
0
1
visit quintelintelligenceltd7255
0-3months
So, starting from October 26th, i tried to withdraw money but got rejected. They mentioned something about giving bonuses because of their activities, right? And then last week, i tried to withdraw your profits, there was a problem with the server, and the customer service gave a lot of excuses.
2023-12-21 14:41
Reply
0
1
sdsadsa
3-6months
A good friend recommended Moneta to give Moneta a try. The experience is quite good, the cost is low, and the transaction is smooth. I mainly do long-term transactions. I made two withdrawals and the funds were received quickly.
2023-10-26 18:36
Reply
0
0
金钱无眠
3-6months
The customer service is very professional and patiently answered my questions. The withdrawals arrived quickly. The environment is very stable, which is great.
2023-10-13 15:44
1
0
0
FX9940
3-6months
After using it for half a year, the trading experience is very good. The deposit and withdrawal speed are very fast. The most important thing is that the customer service is very enthusiastic and patient. I hope the platform will get better and better!
2023-10-12 17:42
Reply
0
0
Fridah
6-12months
Moneta Markets is a scam I am using this broker from last 2 months and i found them cheaters . I deposit about 5000 USD in my account 4107756 . Today i see my account and they deducted my profit of 2206 USD from my account . I was very shocked . There were no any bonus credit in my account . I was trading without bonus . I also sent them mails but no reply from their side . The agent on live chat is also very rude . Please return my profit of 2206 USD USD ,, then i will remove the review .
2023-06-20 22:57
1
0
1
汇哥5230
6-12months
After a period of time, the experience is still good, whether it is UnionPay or digital currency deposits and withdrawals are very smooth. Their gold has no interest, which is good!
2023-03-14 16:40
Reply
0
0
more than one year
Quick deposit and withdrawal service. The only issue was with its web-trader, which was especially problematic during peak trading hours. It is nearly hard to log onto the system. Even if you could log, execution was incredibly slow.
2023-02-21 22:54
1
0
0
more than one year
Fast service with deposit and withdrawal. The only problem was with its web-trader, especially in busy hours with high trade volumes. It is almost impossible to log into system. Even if you can log, execution was extremely lagging.
2023-02-21 22:22
1
0
0
papafriyo
more than one year
awesome spread, fast execution and ready to help
2023-02-20 05:50
1
0
0
HxIn
more than one year
Quite a decent broker from Australia, pricing and execution were surprisingly good, no issues with deposits or withdrawals so far. Had some trouble with changing the leverage but that was sorted out pretty quickly, thanks Moneta Markets!
2023-02-14 10:25
1
0
0
DuyAnh0394932825
more than one year
good
2023-01-19 12:47
1
0
1
闪客
more than one year
Honestly, spreads are not the lowest, but I still trust this broker. Customer support team is extremely professional and responsive, helping me withdraw the funds very quickly.
2022-12-16 11:49
Reply
0
0
曹古营瓷砖建材
more than one year
The transaction cost is very low, and the deposit is only 50 US dollars, which is really friendly for novices! The mt4 platform is also very stable, and there has never been a serious slippage in the past six months of trading, which is really good!
2022-12-15 14:26
1
0
0
利剑红尘
more than one year
I used its demo account for trading a long time ago, and I felt very good. Later, because my friend said that this platform is not easy to withdraw money, I did not continue to trade. Recently, people on this platform started to contact me again, asking me to deposit money, and said that there is a discount now. Still hesitating. . .
2022-12-13 11:01
Reply
0
0
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