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Moneta Markets Review

Published by Usman Ahmed, MBA (Researcher)

Reviewed by Bowen Khong, ACCA

Moneta Markets is a regulated broker that offers margin-based trading in forex, shares, commodities, and indices. The broker offers its clients access to over 250 financial instruments on various platforms such as web trader, iOS, and android. In this review, I discuss different aspects of this broker in detail.


Moneta Markets, a brand of Vantage Group Limited, was founded by VantageFX CEO David Billy. The Vantage Group is an Australia-based fintech that established Moneta Markets as a retail forex brand in 2019. The factor may offer traders some satisfaction as a big group is behind the foundation of Moneta Markets. Moneta Markets records 1.5 million new trades per month with over ten years in the industry, over 70,000 client accounts, and more than 100 billion dollars traded in volume every month.[1]

Beginners friendly broker
Easy-to-use trading  platform
Safety of funds guaranteed 
Competitive spread
It can be used on MT4 and MT5
Offshore regulation
Variation of fees and cost
Few technical indicators
Average customer care

Who is Moneta Markets for?

Due to its easy-to-use platform and variety of markets, Moneta Markets is a great broker for traders just starting their trading journey. Being easy to use for beginners also fulfills the company’s vision of giving traders easy access to the global financial markets. Moneta Markets ensures trading tools, educational content, real-time price feed, and competitive spreads to make trading affordable for novice traders. Similarly, seasoned traders can take advantage of ECN accounts at Moneta Markets that offer unbeatable commissions, rapid fast execution, and industry-leading trading platforms. The focus of Moneta Markets is, however, and novice traders, unlike its parent company, VantageFx. The broker also aims to target areas where its parent company VatageFX is not licensed to operate. 

Rating: 4/5

Sign-up bonus: Moneta Markets is currently offering a 50% deposit bonus.

Is Moneta Markets Safe?

Moneta Markets is authorized and regulated by the Vanuatu Financial Services Commission (VFSC) under Section 4 of the Financial Dealers Licensing Act. The broker is also registered with the Cayman Islands Monetary Authority (CIMA) and Securities Investment Business Law (SIBL) # 1383491 with Artemis House, 67 Fort St, PO Box 2775, Grand Cayman KY1-1111. The broker has its headquarters situated in the Cayman Islands. Moneta Markets keeps funds with a custodian bank; AA rated Australian bank (one of the four largest in Australia and top 20 globally).[2]

In addition, clients’ funds are kept in segregation that consequently gives traders a sense of security. Further, the broker has backing from its parent company, Vintage FX, regulated by the Financial Conduct Authority (FCA) in the UK, and VFSC (Vanuatu Financial Services Commission) for other regions. 

Rating: 4/5

Year founded:2019
Publicly traded:No
Licenses:VFSC under Section 4 of the Financial Dealers Licensing Act

Offering of Investments

Moneta Markets offers over 100 tradable assets for margin-based trading. There are 45 currency pairs, 16 commodities with four precious metals included, 17 indices, and 53 Share CFDs. The broker offers these financial assets at competitive spreads and commissions.  

Moneta Markets also offers a copy-trading service called Duplitrade, which requires a minimum investment of $2,000.

Rating: 3/5

Forex: Spot Trading       Yes.
Currency Pairs (Total Forex pairs)    45
Social Trading / Copy-Trading Yes 
CFDs instrumentsForex, Stocks, Commodities, Indices

Commissions & Fees

Opening a trading account at Moneta Markets is very easy and fast. The broker offers cost-effective trading solutions to all types of traders.  Like most brokers, Moneta Markets makes money through spreads as well as commissions and swaps on various asset classes. The company offers three main account types namely STP, ECN, and Prime.

Moneta Markets offers one of the most competitive fees on its ECN account type, with spreads starting from 0.0 pips along with a $3 commission. The spreads are higher in other account types. However, no commission applies. 

Rating: 4/5

Minimum Initial Deposit$50 using a bank wire and credit/debit card. 
Some deposit methods have a higher minimum deposit requirement.
Average Spread EUR/USD – Standard 0.65 (as of July 2021)
Spread TypeFloating
Minimum withdrawal$200

Platforms & Tools 

Moneta Markets offers over 80 instruments plus drawing tools and over 100 financial markets through its web-based platform to make trading easier for novice clients. The broker provides both online and desktop trading platforms; the user interface is super easy to navigate and attractive, which new traders will find appealing. Traders have access to various tools, including the latest news on various financial markets and accurate price feed.

Moneta Markets allows trading with industry-leading MT4 and MT5 platforms on windows, mac, iOS, and Android devices. A charting package for manual trading with nine timeframes makes trading easier for beginners. The broker offers copy trading, known as Duplitrade, to diversify the trading portfolio. The Duplitrade copying service is beneficial for traders who lack trading skills or do not have time to trade themselves. The broker also offers free VPS hosting for clients with a trading account of $500 or more with HokoCloud as its VPS partner.

Rating: 4/5

Virtual Trading (Demo)Yes
Proprietary Platform  Yes
Desktop Platform (Windows)  N/A
Web Platform Yes
MetaTrader 4 (MT4)  Yes
MetaTrader 5 (MT5)  Yes
Charting – Indicators / Studies (Total)58
Charting – Drawing Tools (Total)25
Charting – Trade From Chart  Yes
Order Type – Trailing StopYes


Moneta Markets offers a small amount of research content on its official website. The broker offers a daily 2-minute financial roundup on its youtube channel with a link provided on its website. The broker also offers the latest news updates, breaking market developments as well as an economic calendar provided by TradingView. A client sentiment indicator is also available, which could be a vital tool if the clientele of Moneta Markets broker grows.

Rating: 3/5


Moneta Markets offers educational content through its Market Master course with basic forex concepts taught in a free preview of 2 minutes of average duration. For clients, who fund their trading accounts with at least $500, a full Market Masters course is available with more than 100 advanced trading tutorials which are pretty helpful for new traders who know little or nothing about advanced trading strategies. It must be noted that most of these contents are mainly for beginners, and not expert traders.

Rating: 3/5

Mobile Trading 

Moneta Markets has multiple mobile trading platforms for iOS and Android devices. The mobile platforms include an in-house developed AppTrader app as well as the MT4 and MT5 platforms. The mobile apps also feature risk management tools (for placing stop loss or take profit orders).

The mobile apps allow trading of all financial assets along with push notifications so traders could not miss any live actions. The apps also offer live charts with nine different timeframes and three chart types. The execution of trades can be made with a single click that is very useful for on-the-go traders. Information such as leverage, spread, volume, margin, lot size, and equity is available in mobile apps offered by Moneta Markets. 

Rating: 3/5

Mobile devicesiOS & Android.
FeaturesAllow making trades, watchlists, different chart types and timeframes, alerts.

Final Thoughts 

Moneta Market is an ideal broker for novice traders. The broker has a backing of a big FCA-regulated group VantageFX. Clients of Moneta Markets can take advantage of multiple trading platforms, low spreads, a wide range of financial assets, and high leverage. The broker is fully regulated by VFSC. 

Overall rating: 4/5 

Frequently Asked Questions (FAQs)

Is Moneta Markets a listed company?

No, Moneta Markets is not a listed company.

What is the minimum deposit to open an account with Moneta Markets?

The minimum deposit to open an account with Moneta Markets is $50 using Bank Wire and Credit/Debit card. Some deposit methods, however, have higher minimum deposit requirements. It is good to get in touch with the broker to get the exact minimum deposit requirements.

Is Moneta Markets an ECN broker?

Yes, Moneta Markets is an ECN broker.  The company doesn’t intervene in its clients’ orders and passes them directly to the liquidity providers. The broker has recently started offering STP and ECN accounts with spreads as low as 0.0 pips. 

How long do Moneta Markets take to verify my account? 

Usually, your account gets verified with 2-3 working days. However, the broker could take more time depending upon the completion of your submitted documents for verification. 

Do Moneta Markets offer interest-free Islamic accounts? 

Yes, the broker does offer a swap-free Islamic account. Clients can directly sign up for an Islamic account by visiting the link https://www.monetamarkets.com/clients/swap-free/#/. Please do not forget to read the terms and conditions before proceeding. 

Do Moneta Markets accept clients from the USA?

No, Moneta Markets is unavailable for US-based traders as it does not have a CFTC (Commodity Futures Trading Commission) license. 

Is Moneta-Markets available in all countries and regions?

No, Moneta Markets is not available for clients all over the globe. The following countries and regions are where Moneta Markets service is unavailable:

Afghanistan, American Samoa, Albania, Australia, Belarus, Belgium, Bermuda, Bosnia And Herzegovina, Burundi, Canada, Central African Republic, Crimea, Cuba, Cyprus, Democratic Republic of the Congo, Eritrea, France, Former Federal Republic of Yugoslavia, Guam, Iran, Iraq, Israel, ISIL (Da’esh) & Al-Qaida & The Taliban, Japan, Lebanon, Libya, Mali, Montenegro, Myanmar, North Korea, Puerto Rico, Republic of Guinea, Republic of Guinea-Bissau, Sierra Leone, Sevastopol, Singapore, Somalia, South Sudan, Spain, Sudan, Syria, United States of America, United States Virgin Islands, Venezuela, Yemen, and Zimbabwe.

Do Moneta Markets charge any fees on Deposits or Withdrawal?

No, Moneta Markets does not charge any internal fees for deposits or withdrawals. However,  payments to and from overseas banking institutions may attract intermediary transfer fees independent of the broker.

Do Moneta Markets have alternative payment methods?

Moneta Markets have alternative payment methods available including but not limited to credit/debit cards, bank transfer, Skrill, Neteller, and Crypto. The availability of various payment methods can vary depending on the region of clients.

How do I withdraw funds from my Moneta Markets account?

All withdrawals go to your bank account, which has the same name used to register your Moneta Markets account. There is a requirement to verify bank wire withdrawals requests for the safety and security of funds. Moreover, the identity and residential address of a client must also be verified before a withdrawal could get processed. 

Can I open multiple Moneta Markets account?

Yes, as an existing client, you can create an additional account by just clicking on your profile and choosing ‘Manage Accounts’, and then choosing ‘Open Additional Account’.  

What is the maximum leverage Moneta Markets offers?

The maximum leverage offered is as high as 500:1 for FX, but it can be changed to suit your risk management preference.

Usman Ahmed, MBA (Researcher)
Usman Ahmed, MBA (Researcher)
Usman Ahmed is a currency trader and financial market analyst with more than 7 years of active trading experience. Besides holding a Masters degree in Business Administration, he has worked for some of the most renewed companies in the forex industry including FXCM, IQOption, MetaQuotes, Alpari, FXStreet, DailyFX and several others. Usman possesses strong technical analytical skills and is famous for his very own, informative and entertaining, writing style. He believes in naked chart trading analysis that is commonly known as price action trading. He follows global financial news and macro-economic events very closely.
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