Forex Broker Reviews
Full Moneta Markets Review
By: Matt Simpson, Forex Solutions Founder
Moneta Markets is a market leader in forex and CFDs, offering fast and easy access to global markets. Founded in 2019, it is a trademark of Vantage International Group Limited and is regulated by CIMA (Cayman Islands Monetary Authority) and handles an average trading volume of over $100 billion per month and over 70,000 clients. This broker provides a wide range of financial instruments to be traded, with great support, and an all in one trading solution available on desktop and mobile. For a limited time, you could be eligible for a 50% deposit bonus! Click here to claim.
In this Moneta Markets review, we will help you decide whether or not this broker is right for you.
What Instruments Can Be Traded?
Moneta Markets provides over 300 tradable products, namely CFDs (Contract For Difference) wherein traders can bet on price movements of forex currency pairs, shares, crypto, indices, and commodities. These assets have high potential for profit but also come with a lot of risk as these trades are leveraged up to 500:1.
Trade with various foreign exchange currency pairs like AUDUSD, EURGBP, and NZDCAD, to name a few.
Moneta Markets offers CFDs for 6 of the largest cryptocurrencies by market cap. Capitalize on this volatile, evolving market by trading coins like Bitcoin, Ethereum, and Ripple against the USD.
Whether you wish to day trade, swing trade, or position trade, Moneta Markets offers 135+ UK, US, European, and Australian share CFDs. Capitalize on price movements of popular stocks like Google, Amazon, and Apple.
Take advantage of endless opportunities to trade Index CFDs on 15 famous Indices like SP500, DAX, or FTSE.
Tools and Resources
Moneta Markets comes with a sleek and efficient way to trade from anywhere. Their platform was designed specifically for their traders delivering simple and easy market access along with to-the-pip precision and unparalleled stability. The platform they have built truly is an all-in-one tool, incorporating, not only advanced charting tools and indicators, but also a full client portal for account management, deposits, and withdrawals. The platform comes in a WebTrader platform for Windows or Mac. Additionally, they have developed a mobile app for trading on the go.
Moneta Markets WebTrader and mobile platform comes built with 45+ technical indicators and 6 different charting types. Popular indicators like moving averages, RSI, and Oscillators are included. No matter your trading style, the tools are there for you, all in one convenient place.
Research and Market Information
Like almost all brokers, Moneta Markets offers free demo accounts to give traders a chance to practice and understand these markets before investing their hard earned money. These demo accounts are recommended by the broker to get used to the platform and trading in general. Sign up for a demo account here.
Deposits and Withdrawals
In order to fund a live trading account, you must first verify your identity and address for security reasons and to prevent fraud or other illegal activities. After this process is complete, you will be able to fund your account and start trading. The minimum deposit for these accounts is $200. You can make deposits through their trading platform via bank transfer, credit/debit card, PayPal, Bitcoin, Skrill, etc. Note that Moneta Markets does not take any commissions or fees, however, some transfer fees may apply depending on your chosen method.
Due to certain restrictions, withdrawals are limited to bank transfers and must be to an account with the same name linked to your trading account. Deposits and withdrawals are usually fulfilled within 1 business day.
Countries NOT Accepted
Due to local restrictions and regulatory policies, Moneta Markets is unable to accept clients from Afghanistan, Australia, Belarus, Belgium, Burma, Burundi, British Columbia (Canada), Central African Republic, Democratic Republic of the Congo, Egypt, Eritrea, France, Iran, Iraq, ISIL (Da’esh) & Al-Qaida, Lebanon, Japan, Libya, Mali, North Korea, Republic of Guinea, Republic of Guinea-Bissau, Russia, Crimea, Somalia, Spain, South Sudan, Sudan, Syria, Tunisia, Ukraine, United States of America, Venezuela, Yemen, and Zimbabwe.
Moneta Markets accepts traders from all countries except the ones listed above. They welcome every trader that they are legally able to provide services to.
General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose
Forex Solutions is run by one individual and is not a public corporation. This site is simply an affiliate marketing platform where I, as a seasoned investor, university economics student, and financial market enthusiast, share basic information about trading forex, as well as other financial instruments. My goal is to help as many new traders avoid getting stuck in a cycle of trying different things and giving up when it gets hard, while getting all this clickbait information thrown at you. These people simply flaunt their wealth and make trading/investing out to be something it truly is not, easy. Truth is, this stuff is simple, but not easy. The basic premise of these markets makes complete logical sense and the concepts are fairly simple. However, the process of starting this stuff is not easy at all. You first are faced with too many options with brokers, tools, and resources that overcomplicate things. Again, my goal is to simplify these concepts and give you a wide range, yet meticulously selected group of brokers which I recommend to others. I make money by referring traders to these platforms and growing these brokers client bases. I am not I financial advisor and this is not financial advice.