Moneta Markets Review: Features, Pros, Cons, and More 2024!

Moneta Markets is a forex and CFD broker that provides online trading services globally. Based in South Africa, it is regulated by top regulatory authorities including  FSP, FSCA. Moneta Markets offers 1000+ trading instruments, including FOREX ,COMMODITIES,INDICES ,SHARE CFDs,ETFs,BONDS,TRADING HOURS,SPREADS AND COMMISSIONS. It supports popular trading platforms and tools such as MT4, MT5 and ProTrader(TradingView).

Though Moneta Markets is a highly trusted and regulated forex and CFD broker, it has its strengths and weaknesses. In this review, we will take an in-depth look at Moneta Markets, exploring its features, pros, cons, and more. By reading this review, you will gain a better understanding of whether Moneta Markets is the right broker for your trading needs and preferences.

What is Moneta Markets?

Founded in 2020, Moneta Markets is a new broker but was founded by experienced experts. Traders can enjoy ECN trading of over 1,000 forex and CFD instruments on its MetaTrader platforms, proprietary app trader as well as on the PRO TRADER; powered by TradingView. Social trading is via the Moneta CopyTrader app. Its ultra ECN account comes with tight spreads and commissions as low as $1/lot.

Key Features:

• Applicable For: Applicable for all jurisdictions including FSP, FSCA
• Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity. 
•  KYC Verification: Required 
• Trading Instruments: 44 FX Pairs, 16 Indices,19 Commodities , 700+ Share CFDs,30+ Crypto CFDs | 50+ ETFs,7 Bonds
• Trading Platforms: MT4, MT5, AppTrader, ProTrader (by TradingView)
• Minimum Deposit:  $50 
• Maximum Leverage: Up to 30:1 (CySEC, ASIC), up to 1000:1 (FSA), and up to 500:1 for a professional account.
• Trading Fees: Trading fees (spreads and commissions) depend on account types. The minimum spread is 0.0 pips ($3 Per lot) for the Prime ECN account, $1 per lot for the ULTRA ECN account, and $0 for the Direct STP account.
• Minimum Trade Size: 0.01 lot. 
• Maximum Trade Size (Lot restriction per Ticket): 200 Lots 
• Funding Currencies: $AUD, $USD, £GBP,€EUR, $SGD, $CAD,$NZD, ¥JPY, $HKD,$BRL
• Maximum Number of Positions ( At a time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account. 
• Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
• Trading Style Allowed: All including Scalping, hedging, and EA Trading. 
• Stop Out Level (retail): 50%
• Margin Call Level: 80% 
• Negative balance Protection: Yes 
• Investor Protection:  Available under ASIC and CySEC regulations. However, the Investor protection scheme does not apply to FSA jurisdiction. 

Moneta Markets Pros and Cons

Pros:

• Regulated by FSA-S, FSCA 
• The Maximum Leverage is as high as 1:1000
• Low Spread Starting From as low as 0 pips 
• Allow Scalping, EA Trading, Copy Trading 
• Offers passive investment programme(MAM, PAMM Account)
• Copy Trading, Zulutrade is allowed  
• No Deposit or Inactivity fees 
• Wide Range of instruments – 1000+ products to trade
• Easy and Quick Account Opening 
• Seamless Deposit and Withdrawal 
•  Free Forex VPS

Cons:

• Moneta Markets does not have top tire regulations like FCA, NFA, ASIC, CySEC etc. 
• Limited number of trading instruments compared to market leaders 
• No investor protection scheme 
• The Ctrader platform is not offered

Our Ratings for Moneta Markets:

Review and Reputation on Public Domains:

Public review sites like Trustpilot and Forex Peace Army have become important sources of information about brokers. Many traders share their real-life trading experiences on these platforms. However, there are also many fake or paid reviews on these platforms, and sometimes competitors leave negative reviews. This makes it challenging to find genuine reviews. By carefully reading the content and context of the reviews, you can often discern their authenticity. Do not blindly rely on these reviews; instead, use them as part of your overall broker research process

Moneta Markets Ratings and Reviews from Trustpilot:

Moneta Markets has earned a rating of 4.8 out of 5 on Trustpilot. These high ratings indicate customer satisfaction and trust. After carefully examining the reviews, we found that most of them are genuine, provided by real users sharing their real-life trading experiences.

Moneta Markets Ratings and Reviews from Forex Peace Army:

Moneta Markets has achieved an average rating of 4.6 out of 5 on Forex Peace Army (FPA). We’ve observed numerous brokers on FPA, and most brokers tend to have lower ratings. Several reasons might contribute to this. There is a complaint that FPA does not approve all positive reviews and only approves negative ones for the sake of their business. To understand the real reviews, traders should focus on the content of the reviews. Typically, fake, paid, or competitor reviews are generic. While you should consider these reviews as part of your research process, you shouldn’t make decisions based solely on them. For instance, if you encounter any user complaints, you might discuss them with the broker to verify if such issues exist. Additionally, you should review the broker’s policy and terms of service.

Final Verdict:

Moneta Markets is a regulated forex and CFD broker that offers its trading services to traders and investors worldwide. It provides a wide range of trading instruments, including FOREX ,COMMODITIES,INDICES ,SHARE CFDs,ETFs,BONDS,TRADING HOURS,SPREADS AND COMMISSIONS. The broker’s spreads start from as low as 0.0 pips, and it offers high leverage (up to 1:1000) and a low minimum deposit (as low as $50). With top-tier regulations, a variety of trading instruments, high leverage, low minimum deposit, fast execution, and flexible account types, Moneta Markets can be a good choice for many traders.

However, the broker does not accept US clients. It also does not have any investor protection scheme for non-UK/EU traders. Additionally, Moneta Markets does not offer any real stocks or cryptocurrencies; it offers only forex and derivatives. 

If you are a forex and CFD trader looking for a trusted broker, Moneta Markets can be an ideal choice for your trading journey. However, We always encourage traders to test brokers with a demo account or with a small deposit. Once you are satisfied with the trading conditions of the broker, you may proceed with real trading.