Moneta Markets Overall rating

We tested Moneta Markets using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.

Trustworthiness & Regulation

Moneta Markets is regulated by the South Africa ZA FSCA and the Seychelles SC FSA, ensuring that client funds are segregated and protected under these regulatory frameworks. Despite having no user reviews yet, Moneta Markets has a solid ranking, being 145 out of 823 forex brokers based on user ratings and 75 based on expert ratings.

Founded in 2013, the broker is well-established with over a decade of experience in the industry. It receives 151,141 organic monthly visits, ranking 104 out of 823 for organic traffic, indicating a high level of interest and activity from users.

Company	Licenses & Regulations	Segregated Client Money	Deposit Compensation Scheme	Negative Balance Protection	Rebates	Max. Leverage Retail Clients
Moneta Markets South Africa PTY	South Africa - ZA FSCA					1000 : 1
Moneta Markets Ltd	Seychelles - SC FSA					1000 : 1

Deposit Insurance

Moneta Markets does not offer a deposit compensation scheme. This means that if the broker were to fail, investors might not receive compensation for their deposits.

It's crucial for traders to consider this factor when evaluating the safety and security of their funds with Moneta Markets.

Spreads and Costs

Moneta Markets offers competitive spreads across various asset classes. When comparing averages, Moneta Markets has relatively lower spreads in forex and commodities but slightly higher spreads in crypto compared to industry-leading brokers.

This balance makes it a cost-effective choice for traders focusing on forex and commodity trading.

Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers

Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD). Data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads including both spread and commission calculated in.

Our data comes from our sophisticated spread analyzer tool, which collects live account information and syncs with our performance analytics system. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool. A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types.

Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission. Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments.

Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.

Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers

Swap Rates/Financing Fees

Swap fees, also known as overnight financing fees, are charges that traders pay or earn for holding a position overnight. Positive swap rates indicate a payout to the trader, while negative swap rates indicate a cost.

Moneta Markets offers competitive swap rates, particularly for USDJPY and XAUUSD, compared to the average of industry-leading brokers.

Does Moneta Markets Offer Islamic/Swap-free Accounts?

Islamic accounts, also known as swap-free accounts, are designed for traders who cannot earn or pay interest due to religious reasons. Moneta Markets offers Islamic accounts that comply with Sharia law.

These accounts do not incur swap or rollover charges on overnight positions, which is particularly beneficial for traders who hold positions for longer periods.

To open an Islamic account with Moneta Markets, traders need to contact their customer support and provide necessary documentation to confirm their eligibility.

Other Fees

In addition to spreads and swap rates, Moneta Markets may charge other fees that traders need to be aware of:

Comparison to other Brokers

When comparing Moneta Markets to other industry-leading brokers such as IC Markets, Vantage Markets, XM, FxPro, ThinkMarkets, and HFM, Moneta Markets stands out for its high leverage options and comprehensive range of trading platforms.

While it excels in offering competitive spreads in forex and commodities, its crypto spreads are slightly higher. Moneta Markets' trustworthiness is solidified by its regulatory licenses from South Africa ZA FSCA and Seychelles SC FSA, though the absence of a deposit compensation scheme and public financial disclosures may be a concern for some traders.

With over a decade of experience, a strong popularity rating, and a wide range of tradable instruments, Moneta Markets is a viable option for traders looking for a well-established broker with diverse offerings.

Trading Platforms - Mobile, Desktop, Automated

Moneta Markets offers a diverse range of trading platforms to cater to different trading styles and preferences. MetaTrader 4 and MetaTrader 5 are highly popular platforms known for their robust charting tools, extensive indicators, and automated trading capabilities through MQL4 and MQL5 programming languages, respectively. Both platforms are available on desktop, mobile, and web, providing flexibility for traders on the go.

The Moneta Markets APPTrader is a mobile-specific platform designed for traders who prefer trading from their smartphones. It offers a user-friendly interface but does not support automated trading. Pro Trader is another desktop platform offered by Moneta Markets, known for its advanced features and proprietary programming language for automated trading.

Lastly, Moneta Copytrader is a mobile platform that allows traders to copy trades from experienced traders, though it lacks automated trading functionalities.

What Can you Trade?

Moneta Markets offers a wide range of tradable instruments across various asset classes. Traders can access 73 forex CFDs, 47 crypto CFDs, 79 stock CFDs, 29 stock index CFDs, 23 commodities CFDs, 6 ETFs, and 7 bond CFDs. However, futures CFDs are not available. This extensive selection provides traders with numerous opportunities to diversify their portfolios and explore different markets.

Moneta Markets primarily offers trading in CFDs (Contracts for Difference), which allows traders to speculate on the price movements of assets without owning the underlying assets.

Trading CFDs can offer higher leverage compared to traditional trading, meaning traders can control larger positions with smaller amounts of capital. However, this also increases the risk of significant losses.

It's essential for traders to understand the risks involved in leveraged trading and manage their risk appropriately.

Available Leverage

Moneta Markets offers varying leverage levels depending on the instrument and the regulatory entity under which the trader is registered. For retail clients, the maximum leverage offered is up to 1000:1.

This high leverage is available for forex and certain other asset classes, providing traders with the potential to maximize their returns on smaller capital investments.

However, it's important to note that while high leverage can amplify gains, it can also magnify losses. Traders should use leverage cautiously and ensure they have a solid risk management strategy in place.

Prohibited Countries

Moneta Markets cannot open client accounts for residents of certain countries. These prohibited countries typically include regions with stringent financial regulations or sanctions.

To get an accurate and up-to-date list of prohibited countries, it's recommended to check Moneta Markets' official website or contact their customer support directly.

Moneta Markets Account types

	Direct STP	Prime ECN	Ultra ECN
Commission	-	3 Per Side Per Lot Traded	1 Per Side Per Lot Traded
Maximum leverage	1000:1
Mobile Platform	MT4 Mobile, MT5 Mobile, Proprietary
Trading platform	MT4, MT5, WebTrader, Proprietary
Spread Type	Variable Spread
Minimum Deposit	50	200	20000
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Direct STP
Maximum leverage	1000:1
Trading platform	MT4MT5WebTraderProprietary
Mobile platform	MT4 MobileMT5 MobileProprietary
Spread type	Variable Spread
Minimum deposit	50
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Prime ECN
Commission	3 Per Side Per Lot Traded
Maximum leverage	1000:1
Trading platform	MT4MT5WebTraderProprietary
Mobile platform	MT4 MobileMT5 MobileProprietary
Spread type	Variable Spread
Minimum deposit	200
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Ultra ECN
Commission	1 Per Side Per Lot Traded
Maximum leverage	1000:1
Trading platform	MT4MT5WebTraderProprietary
Mobile platform	MT4 MobileMT5 MobileProprietary
Spread type	Variable Spread
Minimum deposit	20000
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

Moneta Markets Web traffic

Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.

Moneta Markets Profile

24 hour support

Segregated Accounts

Islamic Accounts

Non expiring demo

Trading API

Cent accounts

Negative balance protection

Social trading

Regulatory deposit insurance

Trailing stops

Bonuses

Interest on margin

Fixed spread

Variable spread