About its history and mission
Moneta Markets was founded in 2018 as a subsidiary of Vantage International Group, a broker with over a decade of experience in the financial markets. Moneta Markets specializes in providing a user-friendly trading experience, targeting retail traders with a focus on simplicity, transparency, and advanced trading tools. Headquartered in the Cayman Islands, the broker has quickly gained traction among global traders.
- Founded
- 2018
- Headquarters
- Address
- Website
Strengths and Weaknesses
Strengths
- Regulated in a tier-one jurisdiction.
- Offers indemnity insurance for additional protection.
- Social copy-trading options are available through DupliTrade and ZuluTrade.
- Provides a range of platforms, including MetaTrader, WebTrader, and AppTrader.
- Not ideal for low-cost trading.
- Outdated modules and loading issues on the website.
- Lack of integrated trading tools in WebTrader and AppTrader.
- Limited range of markets compared to top multi-asset brokers.
Weaknesses
Safety and Regulations
Moneta Markets is regulated by reputable authorities, including: These regulatory frameworks ensure that the broker adheres to international financial standards and provides a secure trading environment. Moneta Markets holds client funds in segregated accounts with Tier-1 banks, ensuring that client funds are kept separate from operational funds. The broker also offers negative balance protection, safeguarding traders from losing more than their deposited capital.
Regulators
- The Cayman Islands Monetary Authority (CIMA).
- The Australian Securities and Investments Commission (ASIC) under its parent company, Vantage Group.
Instruments Available
Types of Accounts
Direct
- Minimum deposit
- $0
- Commission
- 1.2
- Available tools
- 0
- Leverage
- 1:1 to 1000:1
- Margin call level
- 100
- Stop-out level
- 50
Prime
- Minimum deposit
- $0
- Commission
- 0.0
- Available tools
- 0
- Leverage
- 1:1 to 1000:1
- Margin call level
- 100
- Stop-out level
- 50
Ultra
- Minimum deposit
- $0
- Commission
- 0.0
- Available tools
- 0
- Leverage
- 1:1 to 500:1
- Margin call level
- 100
- Stop-out level
- 50
Fees and Charges
Moneta Markets offers tight spreads, starting from 0.0 pips on ECN accounts. The Standard Account has slightly wider spreads but no commission fees, making it suitable for less active traders. Swap rates are applied to positions held overnight. However, Islamic accounts are exempt from swap fees, catering to traders who adhere to Sharia law. Moneta Markets charges an inactivity fee for accounts that remain dormant for an extended period. Traders are advised to review the broker’s terms to avoid unnecessary charges.
Trading Platforms
Customer Support
Contact information not available. Visit the broker’s website for support options.
Deposits and Withdrawals
Deposit and withdrawal details not available. Check the broker’s website for the latest payment methods and processing times.
FAQ
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