Moneta Markets Review
Moneta Markets Review
Moneta Markets is a forex broker and CFD broker, with multiple trading tools. Its web platform has been created in-house as well. Plus, it provides various payment methods such as credit card or bank transfer! Moneta Market also features various opening times and investor protection measures that they will get into now! If you are interested in using this company to trade online currencies or foreign exchange derivatives then read on for more information about whether you should trust them!
Moneta Market Company Details
Moneta Market is a subsidiary of Vantage International Group, which has been operating since 2009. Moneta markets itself was registered in the Cayman Islands in 2018, falling under the regulatory jurisdiction of CIMA-the Cayman Island Monetary Authority. Collectively over 70,000 clients have an average monthly trading volume that exceeds $100 billion and has more than 300 formats through its proprietary web-based platform.
Trading Platforms
WebTrader
Here, they offer all of your account management and trading needs in one place. They do this with your easy-to-use Client Portal. You can deposit or withdraw your funds easily by just clicking a few buttons on the dashboard! In addition to this, you have access to all of their agile trading features including:
- 6 different chart types with 9 timeframes to choose from
- Easy-to-use Order Module with a real-time calculator for quick calculations
- Precision charting includes 45+ indicators, drawing tools, and more!
MT4 & MT5
Moneta Market has introduced the MT4 and MT5 platforms. These offer cutting-edge trading tools, including dozens of advanced charting features and automated trading services, that are built into a user-friendly desktop or mobile app to make it easier for active forex traders. The aim is to provide an all-inclusive solution by meeting the needs of most users with a downloadable platform that will increase efficiency while on the go.
Assets
Moneta Markets has a wide variety of 45 currency pairs in addition to 6 popular cryptocurrencies, with the bonus of 15 commodities, global indices and CFDs on 185 Australian shares. All this is accompanied by tradeable UK and US stocks along with European stock options from Hong Kong.
Spreads & Commission
The ECN account offered by the broker comes with competitive rates for a $3 commission per trade and spreads of 0.0 pips. Active traders will find this to be appealing as well as favorable in comparison to other brokers offers.
It is unclear what the spread and fee rates are for Moneta Markets’ STP accounts- perhaps this is because they’re a relatively new brokerage, but regardless of that, it’s one of the first things you’ll want to know about when deciding between brokers.
Leverage
They have the highest leverage on the forex market, 1:500. Lower limits apply to other markets.
- Forex – up to 1:500
- Energy – up to 1:100
- Indices – up to 1:200
- Share CFDs – up to1:20
Moneta Market AppTrader
The broker’s mobile app is a useful tool that facilitates convenient trading at any time. It offers all the same features found on their web platform like a client portal and 45 technical indicators to help you trade with ease. With 10 different languages available and compatibility for both beginner or experienced traders (compatible with iOS or Android devices).
Payments
The broker’s mobile app is an ideal tool for traders- it facilitates trading anywhere and at any time. The web-based brokering service offers the same features as its Client Portal. Whether you’re new or experienced, it has a user-friendly interface with 45 technical indicators from 6 chart types included! You can download the app on iOS or Android devices; once you’ve signed up go to your App store to start trading.
Demo Account
You can open a demo trading account quickly and easily by clicking the ‘Demo’ button in the top right-hand corner of our website. Users who are inexperienced with WebTrader or App Trader may want to register for a practice account first. This will allow the user to familiarize themselves with our platform and gain some trading skills before opening their live account, which has an expiration date of 30 days.
Bonuses & Promos
Want a 50% deposit bonus? Join Moneta Markets to get your own trading account and start trading today for just $500! They also have other promotions on social media or our website, so make sure you check them out.
Moneta Markets Regulation
Moneta Markets is licensed by the Cayman Islands Monetary Authority (CIMA) under Securities Investment Business Law (SIBL) number 1383491. CIMA is an off-shore regulator, which may not offer investors the same level of protection as other regulatory bodies.
Moneta Markets Limited is a reputable and safe broker. They hold your money in segregated accounts with National Australia Bank and will sign agreements to keep the money secure, should anything happen. Vantage International Group holds licenses from ASIC and FCA, which means if you trade securities through them too, there are some safety nets for you! In general customers can feel safe trading with this company as they do not take any risks that may damage their clients’ funds or personal information.
Additional Features
Moneta Markets has a few additional features including an economic calendar, forex calculators and video tutorials. However, traders with $500 or more deposited in their account are not able to access Moneta’s Market Masters course which includes advanced video tutorials that cannot be found on its website.
If you’re an experienced investor and want a more hands-off approach to trading, Duplitrade is for you. It requires at least $2,000 as your initial deposit in order to access it. Alternatively, if you are funding your account with only $500 then the Trading Tools within their client portal including macroeconomic news and live signals will be accessible exclusively to traders like yourself!
HokoCloud, a social trading platform from MonetaMarket, is available for free to users who sign up for either a demo or live account.
When you trade online, there are plenty of options. One option that many people turn away from because they think it’s expensive, but if you look into those enough then chances are good that you will save money in some way or another.
Moneta Markets Accounts
They have a variety of brokers for you to choose from. They offer both ECN and STP accounts, which are free to open with no maintenance fees. There is also the option with $200 Moneta Markets minimum deposit so that you can start trading straight away!
They provide Islamic-friendly accounts which allow swap-free trades via their website interface, as well as money managers looking to scale up their business. For those who wish to grow larger without any adverse effects due in part to swap rates, they can use transparent PAMM solution that offers unlimited managed account levels on the MT4 or MT5 platforms.
Benefits
The benefits of trading with MonetaMarket include:
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Beginner-friendly all-in-one trading platform
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Good range of education and tools
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Funds segregated at NAB
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No download required ECN account.
Drawbacks
Moneta Markets has some general limitations. Firstly, there is no regulation that occurs on this platform which means it’s offshore. Secondly, only bank transfers are available to withdraw money from Moneta Markets. Another limitation would be the lack of detailed information about spreads and commissions for trading on Moneta Markets in general- limiting your knowledge about these variables so you know little to nothing when trading with them.
The limitations of using a binary options broker can really depend on what type of person they are catering towards as well as their specific needs or wants but there’s always pros and cons across the board depending how one looks at things like regulation, pricing structures and additional tools provided in addition to those already mentioned above.
Trading Hours
Most FX pairs can be traded between 00:01 and 23:58 GMT+2 during daylight savings time. Cryptocurrencies are open from 12 am to 11 pm GMT+2, while gold and silver markets are available from 01 am to 10 pm.
Customer Support
You can use their multilingual, 24-hour support service 5 days a week – They are available by phone or live chat. Alternatively, you can email at: support@monetamarkets.com
Security
Limited information about security measures is available on this platform. The lack of SSL encryption and dual-factor authentication at the login stage is a problem that should be addressed.
MonetaMarket Verdict
Moneta Markets provides experienced traders with the tools they need to invest. For instance, MT4 and MT5 brokers offer high leverage and an easy-to-use web platform with features like trading charts. There are a few things that can be improved, such as limited withdrawal options or high fees for those who want them.
Accepted Countries
Moneta Market accepts traders from Thailand, South Africa, Singapore, Hong Kong, India Germany Norway Sweden Italy Denmark United Arab Emirates Saudi Arabia Kuwait, and most other countries.
Conclusion
Moneta Markets was established in 2019. It is a subsidiary of Vantage Global Limited and Vanuatu Financial Services Commission (VFSC) has authorized it to trade on the Vanuatu Stock Exchange, which makes it an approved licensed brand name that you can trust. Ever since its founding, Moneta has grown to provide customers with more than 300+ financial instruments including Forex, Indices, Commodities, Shares, and even Cryptocurrencies. Through its proprietary Web Trader platform or the globally recognized MetaTrader 4 or MetaTrader 5 platforms, it offers clients commission-free accounts such as Moneta STP and Prime accounts.
Moreover, there are also other types of commission-based accounts such as ECN. This will carry some charges but provides competitive spreads for trades without risking any “inactivity” fees happening anywhere along the way!
