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Moneta Markets group includes 2 related companies.
Moneta Markets SA - located in South Africa, regulated by the Financial Sector Conduct Authority (FSCA).
Moneta Markets LC - located in Saint Lucia, regulated by the Financial Services Regulatory Authority (FSRA).
Moneta Markets group accepts clients from all over the world, excluding USA, Canada, Cyprus, France, Spain, Italy, Russia, Ukraine, Turkey, Brazil, Malaysia, Indonesia.
Forex broker offers the following underlying assets for trading.
| 45+ Currency Pairs | Based on major and minor world currencies. |
| 23 Indice CFDs | Based on baskets of different blue-chip stocks, US Dollar Index and Volatility Index. |
| 5 Metal CFDs | Based on Gold, Silver and Copper. |
| 5 Energy CFDs | Based on Crude Oil (WTI, Brent), Gasoline, Gasoil and Natural Gas. |
| 7 Bond CFDs | Based on US, UK and EU government securities. |
| 200+ Stock CFDs | Based on shares of US, UK, EU and JP companies. |
| 50+ ETF CFDs | Based on exchange-traded funds containing various tradable assets. |
Established in Johannesburg, South Africa in 2016, Moneta Markets is a forex broker that offers a large selection of trading instruments with extremely high leverage available. The broker is regulated in South Africa, but also has an offshore branch registered in Saint Lucia for its international clients.
One interesting thing Moneta Markets has done is to publish buy and sell ratings for different assets based on a combination of technical indicators for its clients. And although these ratings are taken straight from TradingView.com, it could still be useful for traders who may not be familiar with this type of analysis already, helping them make decisions about which assets to trade.
In terms of trading instruments, Moneta Markets has pretty much gotten it all covered. At the time of this review, the selection includes more than 45 forex pairs, 23 major stock indices, several of the most commonly traded commodities, more than 50 exchange-traded funds (ETFs), and stocks from around 200 companies listed in the US, UK, EU and Japan.
All of the instruments offered by Moneta Markets can be traded through a TradingView-powered platform that the broker has dubbed Moneta Markets PRO Trader, available both in its standard web version and as a mobile app. In addition, trading through the classic platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) is also possible both on web and desktop computers.
Besides the standard trading platforms mentioned above, it's also worth noting that Moneta Markets has a dedicated copytrading app for traders who want to try out this kind of trading. Like most social trading platforms, the app makes it easy for new and inexperienced traders to find profitable traders to copy by browsing through metrics like total returns, drawdowns, risk, and so on. As expected, the app also opens up opportunities for traders who are already profitable to earn a side income by sharing their trades with others in exchange for a fee.
Moneta Markets offers its clients the choice between three different trading accounts, depending on their trading style. At the time of writing, these are:
– Direct STP, with a $50 minimum deposit, spreads from 1.2 pips and no commissions
– Prime ECN, with a $50 minimum deposit, spreads from 0 pips and $3 commissions per lot per side
– Ultra ECN, with a $20,000 minimum deposit, spreads from 0 pips and $1 commissions per lot per side
Accounts can be funded via most traditional methods, including international bank wire transfer, Visa & MasterCard, Sticpay FasaPay, and JCB for Japanese yen transfers. The broker does not charge any fees for processing deposits on its side, and all payment methods except wire transfers are handled near-instantly.
For any issues during the sign-up process or later during trading, Moneta Markets' customer support team can be reached via live chat, phone or email. The broker promises on its website that the support team is available 24 hours a day on all trading days.
In conclusion, we have the impression that Moneta Markets is a serious player in the forex brokerage industry that is working hard to attract traders. The fact that it has been around since 2016 adds to its credibility and proves that this broker has a certain staying power. We also like that Moneta Markets has such a large selection of trading instruments, and we think it's great that it has chosen to offer a reliable TradingView-powered platform to its clients.
