Moneta Markets is a leading forex and CFD broker that offers traders of all experience levels unrivaled access to over 1000+ financial instruments, including Foreign Exchange, Commodities, Indices, Share CFDs, Cryptos, ETFs, and Bonds with razor-sharp ECN spreads from 0.0 pips. At the forefront of technology, Moneta offers robust trading infrastructure, ultra-fast trade execution, and guaranteed server uptime. Plus, as partners with several Tier 1 liquidity providers, clients can rest assured that their trades are executed at the best available prices.
Licensed and authorized by the Financial Sector Conduct Authority (FSCA) in South Africa and regulated by the Financial Services Authority of Seychelles, Moneta Markets’ clients can access the broker’s wide range of products via the popular MT4 and MT5 platforms, the AppTrader app for iOS and Android, as well as its web-based PRO Trader platform (made by TradingView). Traders and investors can access markets 24/5, with Crypto markets also open on weekends, thus enabling clients to take advantage of multiple asset classes with leverage of up to 1000:1, among the highest offered by the industry.
As a client-centric broker focused on delivering value to its clients, Moneta Markets provides multilingual customer support 24/7, does not charge any deposit or withdrawal fees, and accepts a wide range of payment methods, including credit/debit card, wire transfers, FasaPay, Crypto (BTC, USDT, and more). It also accepts a wide range of local and regional deposit options.
Pros and Cons
Pros
- Excellent in-house education portal and market updates
- Wide Range of instruments – 1000+ products to trade
- Up to 1000:1 leverage
- FREE Forex VPS
- Ultra-fast execution
- 3 popular trading platforms – MT4, MT5, PRO Trader
- No deposit fees or inactivity fees
- Easy onboarding and account funding
- Multilingual Client Portal and Website in 12 languages
- Unlimited Demo Accounts
- ECN Spreads from 0.0 pips
- Multilingual 24/7 customer support
Cons
- Not accepting US traders
Recommended For
For traders who need ultra-fast trade execution, guaranteed server uptime, low trading costs, and platform stability, Moneta Markets is a market leader and comes highly recommended. With trading servers all around the world connected via fiber optics to Tier 1 Liquidity Providers, traders’ orders are automatically routed to the nearest server, and executed instantly at one of several Equinix data centers. The broker also offers a free VPS service for algo traders, EA users, and scalpers.
The broker is also suited for both beginner and expert traders, as it offers access to a wide range of products, providing over 1000 tradable instruments and leverage of up to 1000:1. Also, Moneta’s MT4, MT5, AppTrader, and advanced Pro Trader platforms all integrate seamlessly to ensure traders of all levels are catered for. The custom-built client portal provides a range of advanced features such as funds management, a suite of Pro Trader Tools including AI Market Buzz, Featured Trading Ideas, a Premium Economic Calendar, Analyst Views, and much more. Finally, clients can open additional accounts with just a couple of clicks.
The research support provided by the broker is quite extensive, and it covers technical analysis, client sentiment, Web TV, in-house daily Market Analysis, live webinars, and the latest financial news. Traders can take advantage of the research tools provided by the broker to bolster their decision-making process.
Top Features
- Excellent Trading Platforms: Moneta Markets allows traders to use MT4, MT5, AppTrader, CopyTrader app, and PRO Trader platforms, and clients are able to move seamlessly between each, allowing an unrivaled trading experience for traders of all styles.
- Streamlined Onboarding Process: The registration process at Moneta Markets is extremely quick and efficient, and it is offered in 12 different languages. The Client Portal offered by the broker allows users to open an account in just minutes and integrates features such as a wide range of instant deposit and withdrawal options, as well as an exclusive suite of trading tools by Trading Central.
- Multilingual Customer Support: Moneta Markets offers award-winning 24/7 multilingual customer support via email, live chat, and telephone.
- Extensive Education Material: The educational portal hosts a wide range of in-house market research and education resources. These tools can be used to track economic data and assess market sentiment, as well as help traders of all levels improve their trading skills. Users can also access live video sessions.
- Wide Range of Instruments: Users can choose from a wide range of financial instruments. Moneta Markets offers more than 1000 instruments across a range of asset classes, including Forex, Indices, Commodities, Share CFDs, Cryptos, ETFs, and Bonds.
Overview
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Type of Broker |
Non-Advisory/Executionary Broker |
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Regulation & Licensing |
Moneta Markets is a trading name of Moneta Markets South Africa (Pty) Ltd, an authorised Financial Service Provider (“FSP”) registered and 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. Moneta Markets is a trading name of Moneta LLC, registered under Saint Vincent and the Grenadines Financial Services Authority (“SVGFSA”) with registration number 2052 LLC 2022. Moneta Markets is a trading name of Moneta Markets Ltd, authorised and regulated by the Financial Services Authority of Seychelles with License No. SD144. Moneta Markets Ltd is registered and located at Room B11, 1st Floor, Providence Complex, Providence, Mahe, Seychelles. Moneta Markets Pty Ltd is authorised to provide general financial product advice to clients only. It is a corporate authorised representative (CAR number 1298177) of AGC Capital Securities Pty Ltd (AFSL:481024). It is not authorised to issue; nor make a market in financial products to clients. Additionally, the broker offers negative balance protection, and professional indemnity insurance to cover the work handled by its representatives, employees, and other authorized individuals. |
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Clients Accepted from |
All countries around the world except for Afghanistan, American Samoa, Albania, Australia, Belarus, Bermuda, Bosnia And Herzegovina, Bulgaria, Burma, Burundi, Central African Republic, Crimea, Croatia, Cuba, Cyprus, the Democratic Republic of the Congo, Eritrea, Former Federal Republic of Yugoslavia, Guam, Iran, Iraq, ISIL (Da’esh) & Al-Qaida & The Taliban, Italy, Ivory Coast, Japan, Liberia, Libya, Macedonia, Mali, Montenegro, Myanmar, North Korea, Puerto Rico, Republic of Guinea, Republic of Guinea-Bissau, Romania, Sierra Leone, Serbia, Sevastopol, Seychelles, Singapore, Slovenia, Somalia, South Sudan, Spain, Sudan, Syria, United States of America, United Kingdom, United States Virgin Islands, Venezuela, Yemen, and Zimbabwe. |
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Assets Offered |
Foreign Exchange, Commodities, Indices, Share CFDs, Futures, CFDs, Cryptocurrencies |
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Platforms Available |
MT4, MT5, WebTrader |
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Mobile Compatibility |
Android and iOS |
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Payment Types Accepted |
Credit Card, Debit Card, Wire Transfer, FasaPay, JCB, Bitcoin, STICPAY |
Account Types
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Direct STP |
Prime ECN |
Ultra ECN |
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Features |
STP Execution, Suitable For Beginners, 50% Stop Out Level, Hedging Allowed |
ECN Execution, Suitable To Scalpers & EAs, 50% Stop Out, Hedging Allowed |
ECN Execution, Suitable for Professional Moneta Managers and Traders, Stop Out 50%, Hedging Allowed |
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Account Currencies |
$AUD, $USD, £GBP €EUR, $SGD, $CAD $NZD, ¥JPY, $HKD, $BRL |
$AUD, $USD, £GBP €EUR, $SGD, $CAD $NZD, ¥JPY, $HKD, $BRL |
$AUD, $USD, £GBP €EUR, $SGD, $CAD $NZD, ¥JPY, $HKD, $BRL |
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Available Leverage |
Up to 1000:1 |
Up to 1000:1 |
Up to 1000:1 |
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Minimum Deposit |
$50 |
$200 |
$50,000 |
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Commission Per Trade |
$0 |
$3 per lot per side |
$1 per lot per side |
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Decimal Pricing |
Up to 5 |
Up to 5 |
Up to 5 |
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Trading Instruments |
44 FX Pairs | 16 Indices, 19 Commodities | 700+ Share CFDs 30+ Crypto CFDs | 50+ ETFs 7 Bonds |
44 FX Pairs | 16 Indices, 19 Commodities | 700+ Share CFDs 30+ Crypto CFDs | 50+ ETFs 7 Bonds |
44 FX Pairs | 16 Indices, 19 Commodities | 700+ Share CFDs 30+ Crypto CFDs | 50+ ETFs 7 Bonds |
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Min. Lot Size Per Trade |
0.01 |
0.01 |
0.01 |
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Spreads |
From 1.2 pips |
From 0.0 pips |
From 0.0 pips |
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Demo Account |
Yes |
Yes |
Yes |
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Swap/Rollover Free |
Yes |
Yes |
No |
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Copy Trading Support |
Yes |
Yes |
Yes |
Compliance & Regulation
Moneta Markets is a trading name of Moneta Markets South Africa (Pty) Ltd, an authorized Financial Service Provider (“FSP”) registered and 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.
Pricing
Moneta Markets offers some of the industry’s lowest trading costs, with ECN spreads from 0.0 pips, zero swap fees on its Gold and Crypto products, and no commissions on their range of 500+ US Share CFDs. In terms of fees, the broker offers low-cost ECN trading at just $1 per lot per side, and UK and European Share CFDs have low commissions from just 0.1% of nominal value. All other tradable products offered by the broker are commission-free.
Additionally, it is also important to note that the broker does not charge any fee for depositing money into the trading account, and will refund one withdrawal fee per month, which is more than adequate for the majority of traders. Beyond the very few commissions and rollover fees that affect less than half of the broker’s products on offer, there are no inactivity fees, placing the broker firmly at the top end of the industry spectrum in terms of fees and pricing.
Reliability & Security
Moneta Markets offer the most popular and powerful trading platforms to all clients. This broker has introduced MT4 and MT5 to its clients, who can use them while trading on the Prime ECN and Direct STP accounts. Clients can also switch seamlessly between MT4 and MT5 and PRO Trader.
The broker’s trading platforms can be accessed via desktops and mobile phone apps. Accompanying apps are compatible with both Android and iOS. Overall, we have found the trading platforms offered by the broker to be consistent and reliable. By partnering with TradingView, clients can also enjoy the powerful web-based PRO Trader Platform, which is rising in popularity in the industry. For traders who are time-poor or looking to diversify, the broker also offers social trading through ZuluTrade and DupliTrade, two of the industry’s most well known platforms.
User Experience
The broker is one of the highest-rated by industry peers. It has accumulated several accolades since its inception, including:
- Trustpilot: 4.5/5
- ForexBrokers: 4/5
- Zendesk: 4.3/5
- FXEmpire: 4.3/5
- M&A Today – Best Customer Support – CFD Broker
- CV Magazine – 2020’s most advanced web-based CFD trading platform
- FinTech’s CFD Platform of the Year
- ForexRating’s Users Choice Award
- Global 100’s Best web-based trading platform
- CV Magazine’s Most Advanced CFD Trading Platform
Final Thoughts
The broker has carved out a significant niche for itself in an industry that’s known to be fiercely competitive. Moneta has proven itself to be one of the fastest-growing Forex brokers, having experienced rapidly increasing trading volume and client acquisition, it has achieved industry-wide recognition which confirms that its approach and product offering are what beginner and experienced traders look for when choosing a broker.
Trading Platform Screenshots
Contact Info
Website:
FAQs
Q: How long does it take to open a demo account?
A: New clients can open a demo account in less than 30 seconds, and start trading almost immediately. Existing clients are able to open a new demo or live account with the click of a button in Moneta Markets’ Client Portal.
Q: How can I start trading live with Moneta Markets?
A: The broker’s next-generation client portal makes opening a live account simple and fast. New clients simply complete the account opening form and submit their Proof of ID documentation, which is usually approved within just an hour or two. Users who fund their account straight away are able to have their Proof of ID verification fast-tracked for priority approval. Then, simply login to the Broker’s MT4, MT5, or PRO Trader platform using the credentials sent to your email.
Q: What promotions does Moneta Markets offer?
A: The broker offers a range of promotions to cater to all types of traders, including a 25% Rescue Bonus, a range of exclusive PRO Trader Tools, 100+ video trading tutorials, a Free VPS service, and much more!
Q: What are the different account types offered by Moneta Markets?
A: Moneta Markets offers three account types: Direct STP, Prime ECN, Ultra ECN, and Swap-free, with ECN spreads from 0.0 pips.
Q: Can I open more than one account?
A: For traders who wish to have multiple MT4, MT5, or PRO Trader accounts, doing so is simple. From within your secure Client Portal, clients can simply click “Accounts” – “Open an Additional Account”. Then, once funded users can start trading on their new Live trading account.
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