Moneta Markets Review 2023

Moneta Markets is an offshore broker based in St. Vincent and Grenadines. While the company has been in the business for over a decade, it facilitates leveraged trading across multiple financial markets. More than 950+ tradable instruments are available to clients via in-house and third-party trading platforms. Although the company offers a rich product portfolio and supports various add-on features, mediocre pricing and limited research and education options make the broker struggle to meet higher industry standards. This piece reviews the broker in detail.


Regulation and Security

Moneta Markets’ goal is to give its customers unfettered and equitable access to the foreign exchange markets worldwide, following strict compliance with respective financial regulations and AML directives. It holds licenses from the following regulators.

St. Vincent & Grenadines

Moneta LLC | SVGFSA Registration No. 2052 LLC 2022

Saint Vincent and the Grenadines Financial Services Authority (SVGFSA)

South Africa

Moneta Markets South Africa (Pty) Ltd | FSCA No. 47490

Regulations: Financial Sector Conduct Authority (FSCA)

The company also holds indemnity insurance to protect its clients should something go wrong with its services or face liquidation. Additionally, the organization uses cutting-edge technologies like Secure Sockets Layer (SSL) online protocols and two-factor authentication.

Negative Balance Protection

Moneta Markets also offers a negative balance protection (NBP) feature, which prevents clients from ever incurring a loss above their available balance.

Funds Segregation

The company maintains clients’ funds in separate bank accounts to give its customers instantaneous access to their funds. In other terms, the broker does not reinvest client money or spend it on personal expenses.

Is Moneta Markets available worldwide?

Yes! the company operates through its regional offices worldwide and accepts clients from almost all parts of the world, except for a few jurisdictions, such as Myanmar, North Korea, Iraq, Iran, Syria, Singapore, Sudan, United Kingdom, Japan and the United States, etc.

Supported Platforms

Moneta Markets allow clients to trade on either the proprietary web trading platform Pro Trader or the industry’s most renowned trading platform (MT4) powered by MetaQuotes. The company also provides mobile-based trading solutions to on-the-go clients. Let’s check out each platform’s available features.

Online Trading: The broker’s web terminal offered by Moneta Market comes with a sleek design but offers only a limited range of functionalities. For instance, there are no headlines besides having only four columns for the watchlist. Due to being excessively easy to navigate and having most of the basic features available, the ProTrader platform may be sufficient for novice traders. However, it is less likely to satisfy the needs of experienced traders. For instance, the ProTrader does not support advanced order types like the trailing stop-loss.

The few features available on ProTrader are Trading Central’s Featured Ideas, Economic Calendar, and Market Buzz. However, these functions don’t come as default. Instead, clients must open them in a separate tab via an external link. We believe integrating these tools within the platform would make WebTrader much more streamlined and free up the trader’s attention to focus on the markets.

Desktop Trading: Those who wish to manage their positions from the comfort of their desktop can download the MT4 trading platform on their PCs. The MT4 trading platform has several built-in features, such as real-time price feeds and breaking news on the global financial markets. While the MT4 charting features are accessible in nine time frames, the availability of various technical tools and indicators helps clients perform in-depth technical analysis on underlying financial instruments. Traders who are inexperienced or pressed for time can also benefit from the brokers copying trading service offered via the third-party social trading platform “DupliTrade”. Further, clients can employ flexible trading strategies, including hedging techniques.

Mobile Trading: Moneta Markets provides access to the robust MetaTrader mobile trading apps – MT4 and MT5. However, it doesn’t have a proprietary app available for on-the-go clients. You can download the respective variant of the trading apps from Google Play Store or App store on their mobile devices and tablets.

While the MT4 mobile trading app resembles most of the features available via the desktop, MT5 mobile terminal is its advanced version. With a few mouse clicks on both apps, you can quickly check your account balance, review trade history, and buy or sell various financial products. The trading apps also include features like in-app messaging and push notifications.


Account Types

Moneta Markets offers two types of accounts: the Direct STP Account and the Prime ECN Account.

Direct STP Account: Those new to forex and CFD trading may sign up for the STP account with the company. It’s a commission-free account that comes with an STP trade execution model. While clients can trade a minimum of 0.01 lot, the stop-out level for the STP account is 50%. Clients can open this account in nine currencies: AUD, EUR, CAD, NZD, HKD, SGD, JPY, GBP, and USD.

Prime ECN Account: The broker targets skilled professionals in this account. While all other services and features seem identical to the Direct STP Account, the only difference lies within the commission element. Moreover, the minimum deposit requirement for the Prime ECN account is also higher than the standard STP account. Notably, clients can access ECN trade execution on this account.

Islamic Account: Although swap-free accounts are not available as a stand-alone product, clients can convert their conventional accounts to Islamic accounts by requesting the company. Once the conversion is successful, the broker won’t charge or pay interest on your transaction in the selected account type.

Demo Account:  A virtually funded demo account is also part of the broker’s offerings. Clients can practice different money management skills in demo accounts without risking their real funds. If you’re a new trader, it is better to sign up for a demo account and try your strategies before risking your investment.

Signing Up

Moneta Markets’ account opening process is pretty quick and straightforward. You can complete the whole registration process within five minutes. However, the KYC process can take a little longer. Below are the steps you may follow to sign up with the company.

  1. Access the registration form and provide details, such as name, email address, mobile number, residential address, etc.
  2. Confirm your employment status, estimated annual income, previous trading exposure, the purpose of trading, and expected deposit amount.
  3. Choose your preferred trading platform, account type, and base currency, and accept the terms and conditions.
  4. Complete the KYC process and upload supporting documents to verify your identity and address.
  5. Fund your account using the available payment options, and start placing trades.


Note: You can use a copy of your National ID Card/Passport/Driving license and a copy of your bank statement or utility bill for identity and address verification.

Trading Dashboard

When you join in, you’ll be greeted with a trading dashboard that’s as user-friendly as it is elegant. Multiple tabs on the left navigation panel on the home page are available. While the accounts tab provides an overview of your account, the list of available payment options is accessible via the funds’ tab. Should you wish to download a trading platform, the download button allows you to do so. Traders can view and edit their profiles using the next option available. To launch the broker’s proprietary trading platform, you may click on the ProTrader tab. Just beneath it, the company features multiple trading tools to help you trade confidently. Technical analysis on different tradable assets is also featured under the markets widget button. You can use the last tab to connect with the company’s customer support.

Deposit and Withdrawals

Moneta Markets offers multiple options for account funding, such as Debit Cards, Credit Cards, Fasapay, wire transfers and cryptocurrencies.

While the minimum deposit to open a Direct STP account with the broker is $50, clients looking to sign-up for the Prime ECN account need to add a minimum of $ 200 to their accounts. The broker doesn’t charge any fees on deposits.

Concerning withdrawals, the broker hasn’t stipulated any minimum threshold. While there is no fee on local withdrawals, the company does charge 20 units of base currency on international transfers.

Since the company doesn’t accept third-party payments, your fund source should be in your name only. All payments are processed within the same day, except for wire transfers. Bank transfers take 3-7 working days to reflect in your account. If you have some specific queries, you should connect with customer care before transferring the funds.


With Moneta Markets, you may trade on margin with more than 950+ tradable assets. There are 635+ stocks, 45+ currency pairs, 15+ indices, 15+ commodities, and 4+ precious metals available to trade. Although the company supports crypto trading, it doesn’t list cryptocurrencies under its offerings. Therefore, clients should confirm the availability of crypto trading directly from the broker before opening an account with it.

Commissions and Fees

Moneta Markets’ pricing structure seems to be meeting the average industry standards. The company charges a commission of up to $7/round trip per lot (100,000 units of base currency). The broker doesn’t charge an account inactivity fee besides providing free deposits and withdrawals. However, international funds transfers may attract a fee of 20 units of the respective currency.


The broker employs a variable spreads charging policy. Keeping its spread cost well in line with the average industry standards, the broker employs an average spread of 0.26 pips on EURUSD in the Prime ECN account and 1.36 pips in the Direct STP account. Indices like FTSE 100 are available for an average spread of 13.33 pts.

Available Leverage

Leveraged trading entails taking out a loan from one’s broker to increase market exposure and exercise control over sizeable positions with only a fractional investment. If you have access to leverage of 1:30, for instance, you can open a position 30 times the size of your initial investment. The broker offers a leverage of up to 1:500. However, clients in countries with strict regulatory frameworks (Australia, the UK, etc.) can use maximum leverage of 1:30.

Remember that your risk exposure will rise while trading with leverage. The potential for gain is increased, but so is the chance for loss.

Analysis and Education

Moneta Markets seems to trail the best brokers for providing research and educational resources. The broker’s research section is mainly based on external sources, such as Trading Central’s and FxWirePro’s streaming headlines, with only a few videos from the Moneta TV series produced in-house. The video series adhere to a daily format that summarizes major market movements. Trading Central’s Featured Ideas, Economic Calendar, and Market Buzz are just a few of the external research resources made available through Moneta Markets. However, clients will require a balance of $500 or more in their accounts before they can access those features. The website also provides significant resources for its demo accounts, and you can click here to get started.

Moneta Markets’ educational offering is limited except for the video tutorials featured in its Master’s Course. The Master’s Course is comprehensive, covering many short and lengthier videos for all types of traders. In short, the broker needs to publish more written content to improve its educational facility.

Customer Service

The business maintains around-the-clock availability for its customers five days a week. Investors can reach out to responsive, multilingual support staff via phone, email and live chat. When using the live chat feature, you should have a response from an agent in under a minute, while email correspondence may take a little longer. Clients can also reach the company on different social media channels, such as Facebook, Twitter, LinkedIn, Instagram, and Youtube.

Telephone: (U.K): +44 (113) 3204819

(International): +61 2 8330 1233


Reputation amongst Traders

Moneta Markets has a solid reputation among traders. Clients appear to be extremely happy with the services they receive from the broker. There has been 198 reviews posted on Trustpilot, out of which 84% of clients rated the broker as an excellent choice for trading CFDs. Some clients also accused the company of having poor trading conditions and a slow withdrawal process.


The company has received multiple awards for its best customer service and trading conditions. According to the broker, it strives to maintain its standard of excellence in all areas.

  • CFD Platform Of The Year 2021 – FinTech
  • Users Choice Award 2021 – Forex Rating
  • Best Forex Broker For Beginners 2021 – Forex Rating
  • Best Web Based Trading Platform And Mobile App 2020 – Global 100

Can beginners trade with Moneta Markets?

Yes! Moneta Markets is a solid choice for novice traders because of its user-friendly platform and wide range of tradable assets. Beginners can also use a demo account to practice their trading skills without fearing the risk of loss. An option of copy trading also makes it viable for newcomers. However, the lack of high-quality research and educational resources might limit the learning potential of newbies.

Summing Up

After an in-depth review of the Moneta Markets, we concluded that the broker needs to improve in a number of areas if it wants to be among the industry’s finest brokers. The company lacks regulations from top-tier regulators, such as FCA, ASIC, and CySEC. Further, its pricing structure seems a little costlier than its competitors. The research and educational resources are not up to the mark either.