Moneta Markets

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Moneta Markets

Summary

This Moneta Markets review gives you all the key facts you need to decide if it’s the right platform for your money. 

Advantages:
Disadvantages:

Let me tell you the Story

In 2020, Monte Markets was founded and it is a brand name of Vantage Global Limited, which is regulated and authorised by Vanuatu Financial Services Commission (VFSC). While the broker is based offshore, its segregated client funds are held with top-tier Australian banks. It also offers negative balance protection.

With its proprietary Web Trader platform and the globally recognised MetaTrader 4 and MetaTrader 5 platforms, users can trade more than 300 financial instruments including Forex, Indices, Commodities, Shares, and Cryptocurrencies.

A range of account types are available to clients, including commission-free Moneta STP, Moneta Prime, and Moneta ECN commission-based accounts. Spreads and fees on all accounts are competitive, and no inactivity fees apply. You can also open an Islamic account and a demo account.

Other bonuses available to users include a 50% deposit bonus and a ‘Refer a Friend’ bonus where you can earn $250 when you refer a friend to the site. A large selection of research and educational materials are available to you, such as Trading Tools, Forex Calculators, Web TV, Moneta TV, Daily Technical Analysis, Forex Sentiment, Market Masters Course and more. A multilingual customer support team is available 24/5 via telephone, email, live chat, and TeamViewer.

Fees

The company offers a variety of commission-free and commission-based account types. The commission-free Moneta STP and Moneta Prime accounts offer spreads of 1.2 pips and 0.4 pips, respectively, while the Commission-based Moneta ECN account charges $6 per round-turn with spreads starting at 0.0 pips.

Non-Islamic accounts are charged overnight funding or swap fees on open positions overnight (22:00 GMT). Positions held over the weekend will be charged a three-day ‘swap’ charge on Wednesdays.

Deposits & Withdrawals Review

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FAQ

With a debit or credit card, you can make the deposit instantly. A bank transfer takes 2-3 business days.

Withdrawal via bank transfer takes around 2 working days.

$50

There’s a minimum limit of $100.

None

all withdrawal must be under the account holder name..

Accounts Type Review

The company offers Moneta STP, Moneta ECN and Moneta Prime accounts as well as Demo and Islamic trading accounts. These accounts offer different features and benefits.

Copy Trading

DupliTrade allows clients to copy a portfolio of proprietary traders at Markets. After selecting the traders they would like to follow based on instruments, trading method, and trading style, all trades will be automatically duplicated to the client’s Moneta Markets WebTrader account.

Regulation

Moneta Markets operates as a brand name of Vantage Global Limited which is authorised and regulated by the Vanuatu Financial Services Commission (VFSC)

Is Moneta Markets a market maker?

The company is a ECN, STP

Is Moneta Markets trustworthy broker?

It can be considered trustworthy to use Moneta Markets .In addition to segregating client funds from company funds, with Australia’s AA rated National Australia Bank. They also provide negative balance protection when appropriate.

What is Moneta Markets Headquarters country?

iCount Building, Kumul Highway, Port Vila, Vanuatu

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