Moneta Markets Review: Is Moneta Markets a Good Broker?
Broker overview and general information
Moneta Markets was founded in 2019 and offers forex and CFD trading through platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5) and Pro Trader, designed to accommodate traders of all levels. The broker offers over 1,000 tradable assets, including forex, stocks, indices, commodities, ETFs and cryptocurrencies. It also offers CopyTrader, which allows traders to copy trades from professional traders.
Moneta Markets is regulated by multiple authorities, including South Africa’s Financial Sector Conduct Authority (FSCA), which ensures high security standards. Client funds are held in segregated accounts and protected from negative balances.
Broker Licensing and Regulation
If you ask whether Moneta Markets is good or not, you have to start by considering the license factor first, which has the following licenses:
⚠️WARNING: A single FSCA license may not be sufficient to regulate and may not protect traders in certain jurisdictions.
Moneta Markets Products and Services
Trading products
Forex: Traders can choose from over 45 Forex pairs with Moneta ultra-low FX trading costs and access to global markets via the new Moneta Markets PRO Trader and MT4 platforms.
Commodities: Trade 15 liquid and diverse commodity markets including Oil, Gold, Gas, Coffee, Orange Juice and many more with CFDs.
Indices: With the MT4 and PRO Trader platforms, traders can take advantage of trading opportunities across 15 of the world's largest indices markets, including SP500, FTSE, DAX, NIKKEI, HANG SENG
Stocks: Access the world’s biggest companies such as Apple, Deutsche Bank, Vodafone, Amazon, Google and more through global stock CFDs.
Trading Platform
A platform powered by the Ultimate Trading Platform for access to hundreds of popular indicators, analytical tools and charts including trend lines, Fibonacci indicators and chart patterns.
A powerful and stable all-in-one mobile trading solution. Traders can access over 1,000 currencies, indices, commodities, stock CFDs, crypto, ETFs and bonds from anywhere in the world.
Trade on the world's most popular Forex trading platform, thanks to its powerful performance that meets the needs of global traders and thousands of indicators and EAs, and support for any device.
Moneta Markets clients can access the MetaTrader 5 platform to start trading on over 1000 markets worldwide, including over 30 built-in indicators, 21 timeframes, a wide range of order types and the MQL5 programming language.
A platform for automatic copy trading by selecting traders that fit your desired style, adjusting settings to suit your risk tolerance, and starting to invest in copy trading.
Account Type Review
There are 3 types of trading account types with different features as follows:
DIRECT stp account
PRIME ECN Account
ULTRA ECN Account
Deposit and Withdrawal Review
Deposit
| Channel |
| Period |
| fee |
| Supported Currencies |
| International EFT |
| 2-5 business days |
| 0 |
| USD, GBP, EUR, SGD, JPY, NZD, CAD |
| Credit/Debit Cards (Visa and MasterCard) |
| immediately |
| 0 |
| USD, GBP, EUR, SGD, JPY, NZD, CAD |
| FasapAY |
| immediately |
| 0 |
| USD |
| JCB |
| immediately |
| 0 |
| JPY |
| StickPay |
| immediately |
| 0 |
| USD, GBP, EUR, SGD, JPY, NZD, CAD |
*Minimum deposit of $50
*There is a limit of AUD$1,000 for the first deposit using the card.
Withdrawal
| Channel |
| Minimum withdrawal amount |
| fee |
| Supported Currencies |
| International EFT |
| $40 |
| 0 |
| USD, GBP, EUR, SGD, JPY, NZD, CAD |
| Credit/Debit Cards (Visa and MasterCard) |
| $40 |
| 0 |
| USD, GBP, EUR, SGD, JPY, NZD, CAD |
| FasapAY |
| $40 |
| 0 |
| USD |
| JCB |
| $40 |
| 0 |
| JPY |
| StickPay |
| $40 |
| 0 |
| USD, GBP, EUR, SGD, JPY, NZD, CAD |
*Withdrawals will be processed within 1-3 business days depending on the withdrawal method chosen.
Promotions and bonuses
Traders deposit $500 or more into their real account, the broker gives a 50% bonus. Then start trading FX, Gold or Oil. The bonus can be converted to cash and redeemed for cashback at the beginning of every new month.
Moneta Markets Customer Service
Moneta Markets Review: Pros and Cons
Pros :
Cons :
Crypto trading is not supported
Some countries still have conditions that prevent the service from being used.
Demo accounts have a limited lifespan.
High minimum deposit
Broker Overview Summary
Moneta Markets Broker Review
Moneta Markets is a regulated broker, which is trusted for its clients’ safety and protection of their funds. The broker offers a wide range of trading products via the MetaTrader 4, MetaTrader 5 and Pro Trader platforms. It also has a CopyTrader feature that allows traders to copy trades from professionals.
The broker’s standout advantage is its Islamic and ECN/STP accounts, which are suitable for professional traders. However, the broker does not support crypto trading and has a relatively high minimum deposit, which may not be suitable for beginners or traders with a limited budget.
Frequently Asked Questions about Moneta Markets
Q: What markets can I trade on?
A: You can trade over 300 instruments such as currencies, commodities, indices and stock CFDs via the MT4 and PRO Trader platforms.
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Moneta Markets Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide which broker suits your needs.
