About Moneta Markets
Moneta Markets is a reliable, trustworthy forex broker. It offers great account options, excellent trading conditions, and powerful trading platforms. It also offers great educational materials, useful trading tools, and outstanding customer support.
Moneta Markets is a trademark of Vantage Global Limited. Vantage Global Limited is authorised and regulated by the VFSC. Although the VFSC is a less well-known regulator, it still requires its registered financial services providers to meet strict regulatory requirements. It also monitors them to ensure they follow internal procedures including risk management, regular staff training, financial compliance and strict auditing procedures. As such, Moneta Markets is a reliable provider.
Moneta Markets keeps its client funds in segregated accounts. This is to offer greater client fund protection and to ensure your funds are not used for operational purposes. Clients’ funds are also held in a with an Australian AA rated bank, which is one of the 4 largest financial institutions in Australia with a market capitalisation of $93 billion and over 12 million customers. Therefore, if you open an account with Markets, you will benefit from a high level of client fund safety.
Moneta Markets offers 300+ currencies, indices, commodities, cryptos, and share CFDs. You can trade with great conditions on a wide range of instruments.
- Forex: Moneta Markets has 40+ currency pairs including majors, minors, and exotics.
- Indices: They also have 20+ global indices including the FTSE100, the S&P500, and the DAX30.
- Commodities: Moneta Markets has 15 commodities including oil and natural gas,
- Shares: They also have 130+ shares including Renault, LVMH, Philips, and Eni.
- Cryptos: Moneta Markets has 6 crypto CFDs.
Moneta Markets has the MetaTrader 4 trading platform. It also has its own custom-built platform called the Moneta Markets platform.
MetaTrader4 (MT4) is a great platform for new forex traders. It has a user-friendly design as well as many handy, built-in trading tools. You can use it to trade things like forex, stocks, commodities, and indices. The MT4 trading platform also has helpful charting tools, 4 order execution types, 30 technical indicators, and 23 analytical objects. You can use these trading tools to complete your market analysis and implement your own trading strategies.
There are currently two account types on offer at Moneta Markets: its STP account and its ECN account. They come with tight spreads, high leverage, and fast trade execution. They also both have Islamic account versions.
Direct (STP) Account
This is their best account option for new traders. It has spreads starting from 1.2 pips and there are no commissions. It also comes with high leverage of up to 1:1000. The minimum deposit for this account is $50. The base currencies are USD, AUD, GBP, EUR, SGD, CAD, NZD, JPY, and HKD. It is worth nothing the account is only available on MT4.
Prime (ECN) Account
This is their best account option for experience traders. It has spreads starting from 0.0 pips. There are commissions of $3 per lot per side. It also comes with high leverage of up to 1:1000. The minimum deposit for this account is $50. The base currencies are USD, AUD, GBP, EUR, SGD, CAD, NZD, JPY, and HKD. It is worth nothing the account is only available on MT4.
Deposits & Withdrawals
Moneta Markets offers many convenient payment methods including debit card, credit card, and bank transfer. It also accepts FasaPay, JCB Pay, and SticPay.
Moneta Markets has a great DupliTrade tool. You can use it to automatically duplicate the trades of a portfolio of proprietary traders. All you need to do is choose the traders that you want to follow based on your preferred instruments, trading method, and trading style. All of their trades will automatically be duplicated in your trading platform.
Moneta Markets offers many useful learning resources including free video tutorials and an educational course. It also provides market news, market analysis, and daily TV coverage of the financial markets.
Extra Trading Services
Moneta Markets offers many useful trading tools for new traders, including a trade calculator and a market sentiment tool. It also has trading tools for more advanced traders, including a VPS service.
When you open an account you need to provide Moneta Markets with certain documents, such as a proof of identity and a proof of address. You can send them copies of your passport, driver’s licence, recent utility bills, and bank account statements.
Moneta Markets Customer Support
They have a great customer support team. Their staff are very friendly and quick to respond. You can contact them by email, phone, and live chat.
Moneta Markets is a reputable broker with great trading conditions. It has low minimum deposits, high quality educational materials, and helpful copytrading tools, making it a good choice for new traders. It also has high leverage, low trading costs, and a wide range of trading instruments, making it a great choice for experienced traders too.
Ready to sign up? Register for an online trading account with Moneta Markets here.