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Moneta Markets – Forex Broker Review 2023

About Moneta Markets

Moneta Markets is a forex broker that offers its customers a wide range of financial instruments. The company was founded in 2020 and is an offshoot of Vantage International Group Limited. The firm has more than 300 financial instruments, including stocks, commodities and indices.

Moneta Markets has a mobile app that allows traders to access their accounts from anywhere. It also offers MT4 (MetaTrader 4) and MT5 (MetaTrader 5) trading platforms for desktop computers and mobile apps.

The company allows traders to leverage up to 500:1 on its platforms. Moneta Markets has a clean and intuitive interface that makes it easy for new traders to get started on the platform. The company also has many educational resources available for its users through its website and app, making it easy for anyone to learn how to trade forex.

Regulation

Moneta Markets is regulated by the Vanuatu Financial Services Commission, which means they must adhere to strict security standards and provide customers with a safe environment to trade. The VFSC is an independent body that oversees the regulation of Forex Brokers in Vanuatu.

Moneta Markets Trading Instruments

Moneta Markets offers a wide range of trading tools, including forex, commodities, shares and indices. The company offers spot and forward contracts on over 50 currency pairs and CFDs on commodities and indices. Moneta Markets also provides futures contracts on various financial instruments. It also provides its clients with extensive data-driven analysis tools to help them make better investment decisions.

Trading Platforms

Moneta Markets has a wide range of trading platforms and features. They offer trading on MT4, MT5, mobile apps and desktop platforms.

The company’s trading platform is user-friendly and boasts several useful features like charting tools and charts, automatic trading bots, alerts, and a live chat feature.

In addition to these standard features, Moneta Markets offers some unique ones, like an option bot that lets you trade options with just one click! The platform also allows you to copy the trades of other traders or analyze your performance in real time.

Moneta Markets Bonus

Moneta Markets offers 25% rescue bonus if you lose 75% of your initial bankroll. No maximum cap on the bonus amount.It also offers first deposit bonuses.

Moneta Markets Account Types

ECN Account

  • The minimum deposit of $200
  • More than 300 assets
  • Spreads start from 0 pips
  • Leverage 500:1
  • A commission of 3% per lot

STP Account

  • The minimum deposit of $50
  • More than 300 assets
  • Spreads start from 1.2 pips
  • Leverage 500:1

Prime Account

  • Suitable for professional traders
  • Spreads from 0.4 pips
  • Leverage 500:1
  • The minimum deposit of $10,000

Islamic Account

  • Supports both ECN and STP account types
  • Fully adheres to Sharia Law

Spread

Min. Deposit

Leverage

Commission

STP

0.1

$50

1:500

$0

ECN

0.1

$200

1:500

$0

Moneta Markets Deposits and Withdrawals

Moneta Markets is a Forex broker offering a wide range of deposit and withdrawal options. Deposits are easy to make, with instant access to your funds. Withdrawals are also fairly simple, taking up to three business days for completion, depending on the withdrawal method.

You can use your credit card, debit card, wire transfer or FasaPay to deposit funds into your account. If you’re using a wire transfer, there will be fees associated with making deposits. You may also incur conversion fees when making deposits in non-base currencies (USD or GBP).

Fund Safety

Moneta Markets uses multiple methods to ensure your funds are safe and secure. The first method is to use cold storage. They store all their currencies on offline servers that are not connected to the internet so that no one can access them remotely.

The second method is called multi-factor authentication or MFA, which means that when you log in to your account, you will have to provide several pieces of information before accessing it. You will also be required to answer a security question before being able to access your account. This helps keep unauthorized people from accessing your account without knowing who they are or if they even belong there!

Moneta Markets also uses two-factor authentication or 2FA. Two-factor authentication is a security measure that requires users to enter their password and then a second secret code, like a one-time password (OTP), sent to their mobile device. This helps prevent unauthorized access by allowing only authorized users to log in to an account.

In addition to 2FA, Moneta Markets also uses segregated accounts. Segregated accounts are third-party accounts that the broker does not control. That means the company won’t use your money to do personal business.

Trading Tools

Moneta Markets offers a variety of trading tools to help you make the most of your trading experience.

They have an online platform that allows you to access trading tools, including support for MT4 and MT5. This means that you can access the latest news, research and analysis from the comfort of your own home on your computer or mobile device.

They also offer live chat support on their website, which provides real-time answers to any questions you may have.

Education

Moneta Markets is a forex broker with a focus on education. The company’s website contains an extensive educational section, including videos, blog posts, and articles that explain the basics of trading forex.

Experts write blog posts in the industry on the subject matter, so you can be sure you’ll get an accurate overview of how to invest in forex.

The videos also cover the basics of investing in forex but go into greater detail than the blog posts, so if you’re new to trading, this is a great place to start learning more about it.

Industry Awards

  • Best Customer Support by M&A Today
  • Most Advanced CFD Web Platform in 2020 by CV Magazine

Moneta Markets Customer Support

Moneta Markets customer support is available 24/7, seven days a week. The customer support team can be reached via their customer support email address, which is available on their website. They offer live chat and phone support as well.

Conclusion

Choosing a foreign exchange broker should be easy, but the usual suspects on offer are a bit of a letdown. Each is plagued by negative traits like low leverage, account limitations and poor customer service. Moneta Markets is a good online forex broker for beginners and professionals. They offer high leverage, tight spreads, low transaction costs, and great customer service.