Moneta Markets Review 2024
Written by BrokerNotes.co
Fact-checked by Steven Hatzakis, Joey Shadeck
Edited by Jeff Anberg
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail CFD accounts lose money. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Moneta Markets is an average choice for forex and CFD trading, based on our research. While it offers a solid range of forex pairs and tradeable symbols, its overall rating suggests it is a reliable but not exceptional broker.
Overall Rating
Minimum Deposit
Trust Score
Pros and Cons
Pros
- Comprehensive third-party platform support: Offers MetaTrader 4, MetaTrader 5, and platforms powered by TradingView.
- Extensive copy trading support: Provides a proprietary copy trading platform in addition to ZuluTrade.
Cons
- No proprietary platform: Does not offer a proprietary trading platform.
- Mixed trust score: With a trust score of 72, it falls into the average risk category.
- High cost for most traders: Unless you put down a $20,000 deposit for the commission-based Ultra ECN account, expect high spreads like the average spread of 1.27 for EUR/USD on its spread-only account.
Ratings Summary
- Investment Types - 7.5/10
- Commissions & Fees - 8.5/10
- Trading platforms - 8.0/10
- Research - 7.5/10
- Mobile Apps - 7.5/10
- Education - 7.0/10
- Overall - 7.5/10
Can I trust Moneta Markets?
Moneta Markets is authorized by ASIC in Australia. It is not MiFID regulated nor FCA authorized in the U.K. ForexBrokers.com rates its trust score at 72, placing it in the "Average Risk" category​​.
Moneta Markets is currently licensed and/or authorised by the following regulatory bodies:
- Tier-1 Regulators - Australian Securities & Investment Commission (ASIC)
- Tier-2 Regulators - Financial Sector Conduct Authority (FSCA)
- Tier-3 Regulators - None
- Tier-4 Regulators - Financial Services Authority (FSA)
Is Moneta Markets good for beginners?
Moneta Markets offers a range of educational resources, including beginner education videos and comprehensive forex and CFD education. However, the broker's rating for education and beginners is below average, suggesting there may be better options for novice traders.
| Feature |
Moneta Markets
|
|---|---|
| Education (Forex or CFDs) | Yes |
| Client Webinars | No |
| Videos - Beginner Trading Videos | Yes |
| Videos - Advanced Trading Videos | Yes |
| Investor Dictionary (Glossary) | No |
Moneta Markets commissions and fees summary
Moneta Markets has an average spread cost of 1.38 for the EUR/USD pair with its spread-only account, significantly above the industry average. However, the commission-based accounts are more competitive, such as the Prime ECN account with an all-in cost of 0.79 for EUR/USD. The Ultra ECN account provides even tighter spreads and lower all-in cost if you can afford the $20,000 required deposit. If you can take advantage of its most competitively-priced account, it is a good choice for cost-conscious investors​​, but other traders with less to deposit may wish to look elsewhere.
| Feature |
Moneta Markets
|
|---|---|
| Minimum Deposit | $50 |
| Average Spread EUR/USD - Mini | 1.38 |
| Average Spread EUR/USD - Standard | 1.38 |
| All-in Cost EUR/USD - Active | 0.79 |
| Active Trader or VIP Discounts | No |
Moneta Markets trading platforms and tools
Did you know? Trading platforms comparison
Of the 60+ brokers reviewed on BrokerNotes, 64% offer a proprietary platform, 100% offer a web platform, 91% offer a desktop platform, 11% offer cTrader, 14% offer ZuluTrade, 81% offer MetaTrader 4, and 64% offer MetaTrader 5.
Moneta Markets provides a robust trading experience with MetaTrader 4, MetaTrader 5, and TradingView platforms. It is an average choice for investors considering its platform and tools, as indicated by its rating.
Trading platforms offered: MetaTrader 4, MetaTrader 5, and TradingView.
Trading tools: Comprehensive tools are available for trading.
Copy trading: Available with a choice of two platforms: proprietary (powered by Pelican Exchange) and ZuluTrade.
| Feature |
Moneta Markets
|
|---|---|
| Virtual Trading (Demo) | Yes |
| Proprietary Platform | No |
| Desktop Platform (Windows) | Yes |
| Web Platform | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| DupliTrade | No |
Moneta Markets trading platform screenshots
Mobile trading apps at Moneta Markets
Moneta Markets provides a reliable mobile trading experience, rated as average. Its mobile app supports essential features for trading on the go, making it a decent option for investors seeking flexibility.
| Feature |
Moneta Markets
|
|---|---|
| Android App | Yes |
| Apple iOS App | Yes |
| Mobile Economic Calendar | Yes |
| Mobile Alerts - Basic Fields | Yes |
| Mobile Charting - Draw Trendlines | Yes |
| Mobile Watchlist | Yes |
Moneta Markets mobile app screenshots
How do I open an account with Moneta Markets?
- Visit the Moneta Markets website.
- Click on "Open Account".
- Fill in the registration form with your personal details.
- Submit the necessary identification documents.
- Fund your account with the required minimum deposit.
- Start trading.
What can I trade at Moneta Markets?
Moneta Markets offers 54 forex pairs and a total of 1,016 tradeable symbols, which is below the industry average of 3,623. This includes a range of CFDs across various asset classes.
| Feature |
Moneta Markets
|
|---|---|
| Tradeable Symbols (Total) | 1016 |
| Forex Pairs (Total) | 54 |
| Social Trading / Copy Trading | Yes |
| Cryptocurrency (Physical) | No |
| Cryptocurrency (Derivative) | Yes |
| Spread Betting | No |
Moneta Markets research screenshots
Account funding at Moneta Markets
Moneta Markets supports account funding through bank wires and credit cards. Other eWallet options like Neteller, PayPal, and Skrill are not available.
| Feature |
Moneta Markets
|
|---|---|
| Visa/Mastercard (Credit/Debit) | Yes |
| Bank Wire (Deposit/Withdraw) | Yes |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | No |
| Neteller (Deposit/Withdraw) | No |
About Moneta Markets
Moneta Markets, part of the Vantage Group and founded in 2009, is a relatively established broker in the forex and CFD trading space. It is mainly a MetaTrader broker, but provides a few additional platforms powered by other third-parties.
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Methodology
At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.
Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).
AI disclaimer
We use proprietary AI technology to assist in some aspects of our content production. However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points. Learn more about our AI Policy and How We Test.
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.
About the Editorial Team
BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.
Steven Hatzakis is the Global Director of Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.
Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.