Moneta Markets Review 2021: Unbiased Pros and Cons revealed

logomark Filippo Ucchino calendar Last Updated: November 2021 timer 17 min read
Security 93
Cost 80
Trading 68
Education 73
Rated: Excellent
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Moneta Markets is a highly experienced, award-winning broker. They have been operating for more than 10 years in the industry and are particularly well-known to Australian traders as they are also owned by the same group as Vantage FX. Moneta Markets is a popular choice thanks to their competitive spreads and low minimum deposit.

In this Moneta Markets review, the InvestinGoal team examined the broker in detail, especially in key areas like security, trading platforms, and fees to ensure you have a clear picture of what they offer.

The key strengths of Moneta Markets include:

  • Customer money protection
  • Above-average insurance cover
  • Low minimum deposit
  • Competitive spreads

As with the majority of top brokers, Moneta Markets does offer a demo account. You can use this to get to know the broker and features better prior to live trading.

(74-89% of retail CFD accounts lose money)

Our Opinion

Moneta Markets Summary: Who are Moneta Markets suitable for?

Moneta Markets is a CFD STP/ECN broker and trademark of Vantage Global Limited. The competitive spreads and the low minimum deposit make it a great fit for traders, though at just more than 300 CFDs, the asset offering is considered by some to be a little limited. Hedging, scalping, the use of EAs, and VPS are all permitted though.

One other point to note about the broker is that, while they are a popular choice with many traders, availability is limited in many countries where traders are not accepted.

Downsides and Advantages to consider before starting


Getting the downsides out of the way first, you will find, as mentioned already, that the number of assets is somewhat limited. This is fine as a new trader, but as you grow in experience you may want to branch out. The broker is also quite limited in the payment options provided.

Depending on your location, you may not be accepted as a trader with Moneta Markets. Currently, their service is not available in many European countries, nor in Canada or the US. Finally, the demo account on offer is limited to a 30-day period. This may not be enough for some.


On the positive side, there are several points to note. These include very low trading costs alongside competitive spreads being offered across the board. Hedging, scalping, and the use of EAs are also permitted. You will also be able to use a VPS while trading with the broker.

A $50 minimum deposit also keeps the broker very accessible while they offer a good number of base currencies and team up with DupliTrade to offer excellent copy and social trading capabilities.

Pros and Cons: a summary

Moneta Markets Offer Advantages Downsides
Demo Risk free environment 30 days limit
Minimum Deposit Low, from $50 Payment methods’ number is limited
Forex  Competitive spreads The number of currency pairs is a little limited
CFD Competitive spreads The number of assets is a little limited

Moneta Markets CFD and Forex

In all, you will find more than 300 CFD assets being offered at Moneta Markets. This offering includes more than 45 forex currency pairs. The spreads are also extremely competitive and start from rock bottom at 0 pips with a $3 per lot per side commission if you are using an ECN account. With an STP account type, you will find spreads starting from 1.2 pips.


  • Spreads are very competitive and trading costs remain low


  • The selection of assets is rather limited


This is a vital area when dealing with any broker. You want to trade in a safe, secure environment. Here is more on what Moneta Markets can offer.

Moneta Markets Security

Security 93
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74-89% of retail CFD accounts lose money

Foundation and Offices

They are a well-established broker with more than 10 years of operating experience in the industry. This should give you confidence. They also have a physical head office at the following location:

4th Floor The Harbour Centre,

42 N Church St, George Town, KY


Moneta Markets is a trademark of Vantage Global Limited. Vantage Global Limited is regulated by the VFSC under Section 4 of the Financial Dealers Licensing Act. This is a well-respected regulator that operates with a good environment for trading securely.

Money Protection

When it comes to the protection of your funds, these are always held in segregated accounts at the AA-rated National Australia Bank. You will also have negative balance protection so you never lose more than you deposit. Further than that, professional indemnity insurance is in place. This assures coverage of the work done by their representatives and employees and can help protect you as a trader if anything untoward occurred.


Over the years, Moneta Markets has picked up some awards. This includes Most Advanced Web-based CFD Trading Platform at the M&A Today Global Awards, and the best customer support at the CV Magazine’s Corporate Excellence Awards.

Who can use Moneta Markets?

While the broker has more than 70,000 clients around the world, there are several locations as below where services are not currently offered.

    • Burundi
    • Central African Republic
    • Democratic Republic of the Congo
    • Eritrea, Al-Qaida
    • Lebanon
    • Libya
    • Mali
    • Sierra Leone
    • Somalia
    • Republic of Guinea
    • Republic of Guinea-Bissau
    • South Sudan
    • Sudan
    • Zimbabwe
    • Afghanistan
    • Iran
    • Iraq
    • Israel
    • Japan
    • Myanmar
    • North Korea
    • Singapore
    • Syria
    • Yemen
    • Canada
    • Cuba
    • Puerto Rico
    • United States of America
    • United States Virgin Islands
    • Venezuela
    • Albania
    • Belarus
    • Belgium
    • Bermuda
    • Bosnia And Herzegovina
    • Crimea
    • Cyprus
    • France
    • Former Federal Republic of Yugoslavia
    • Montenegro
    • Sevastopol
    • Spain
    • America Samoa
    • Australia
    • Guam
  • Pros

    • The broker operates as a trademark of Vantage Limited Global which is very well-respected
    • Negative balance protection and segregated accounts are provided as standard


    • Clients from many countries are not accepted at the moment
    • They have won comparatively few awards for their years in the industry

    Costs and Accounts

    Next, we will examine the various account types available from Moneta Markets as well as any associated costs you may encounter along the way.

    Moneta Markets Cost

    Cost 80
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    Illustrative Prices

    Account Types

    There are several account types available. These are listed below along with the specifics of each type so you can make the best choice for your own trading style.

    Demo Account

    The Moneta Markets demo account is a great starting point if you are new to trading or to the broker. This can be opened on a 30-day trial period and uses virtual currency while replicating real trading conditions. It is a great opportunity to trade risk-free for the time, and hone your trading skills.

    STP Account

    The Moneta Markets STP account is a very popular choice. This account type is extremely accessible to the majority of traders since they just need a $50 minimum deposit to get started. The spreads on this account are also good value, starting from 1.2 pips.

    No commission is charged at all and you will have more than 300 assets to choose from. The minimum trade size with the STP account is 0.01 lots, and this account type is an ideal fit for new traders.

    ECN Account

    The Moneta Markets ECN account is also available. This account type comes with a $200 minimum deposit which is about standard in the industry. Spreads here are also extremely competitive with a starting point of 0 pips and a commission of $3 per lot per side.

    Again you will have access to more than 300 assets to trade, and the minimum trade volume here is the same at 0.01 lots. This account type is a great general choice for more experienced traders, and in particular for scalpers thanks to fast execution and low spreads.

    Prime Account

    The Moneta Markets Prime account is the choice of many high-volume traders. The minimum deposit here is high at $10,000 so that will set the tone for the type of traders to use it. The spreads here remain very competitive from 0.4 pips, and you will continue to have access to trade more than 300 assets.

    Despite the high minimum deposit, the required trade size stays the same at  0.01 lots and the account evidently is a good fit for experienced, high-value traders. It is an account that is available on request depending on your location, and MT4 is not available with the Prime account.

    Islamic Account

    Islamic accounts are offered by Moneta Markets on both the ECN and STP accounts. These accounts are fully Shariah Law compliant and rather than a swap or rollover fee, you will be charged a daily administration fee. This fee will be deducted from your balance.

    With this type of account, you can request it from the broker if you require it, and the broker support team will be glad to assist.

    PAMM Account

    The Moneta Markets PAMM account is an ideal choice for money managers with a range of tools and features in place. This includes the ability to onboard clients instantly, offer services to an unlimited number of clients, and have access to useful tools and calculators to automatically calculate fees. Trades with this account can be allocated by equity.

    Account Base Currency

    There are sveral account base currencies you can deposit with at Moneta Markets. These include the AUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, and HKD.


    Here is everything you need to know when it comes to making a deposit at Moneta Markets.

    Minimum Deposit

    The minimum deposits for trading at Moneta Markets starts with the STP account which has a $50 minimum deposit. The ECN account requires and $200 minimum deposit, and then the Prime account requires a $10,000 minimum amount.

    Deposit Methods

    There are many deposit methods available. These are based on your location. You will be able to make deposits by wire transfers, Credit and Debit cards, JCB, Sticpay, Fasapay, Skrill, and Bitcoin.

    The processing time for all of these methods can be instant with the exception of wire transfer. This can take 2-5 days to complete. Bitcoin may also take 1 business day.

    Deposit Fees

    Moneta Markets does not charge any fee from their side. You may incur a fee from your bank for international wire transfers, and you should check with your provider for other methods. There is a daily limit if you use your credit card. This is a maximum of AUD 1,000 on the first deposit, or AUD 10,000 or equivalent after that. There can also be a small conversion fee if you deposit a non-base currency.


    The withdrawal methods available are usually all the same as the deposit methods. Withdrawals are typically processed within 1-3 business days depending on the method.

    Withdrawal Fees

    Again, the broker does not charge any fee from their side on withdrawals. The only point to note is that with international bank wire transfers, you must withdraw at least 20 units of your base currency, for example, $20 or 20 EUR.

    Spreads & Commissions

    Floating spreads are offered by the broker. These will depend on your account type but they start from 0 pips with an ECN account, and 1.2 pips with an STP account. There is a $3 per lot per side commission on ECN account trades, and you can see more average spreads below.

    Asset ECN Account Avg. Spread (pips) STP Account Avg. Spread (pips)
    EUR/USD 0.26 1.36
    SP500 2.99 2.99
    XAUUSD 1.55 2.65
    BTCUSD 230.81 230.81


    Here is a closer look at some of the other fees you may come across at the broker.

    Overnight Fees

    Overnight fees are charged by all brokers on CFDs. This fee is for holding positions overnight. Since Moneta Markets is a CFD broker, the overnight fee will apply to all assets. This rate is often updated based on market liquidity and conditions, so you can get up to the minute data on this from your trading platform.

    Inactivity Fees

    No inactivity fees are charged by Moneta Markets.


    • The minimum deposit is low starting from $50
    • Competitive spreads are offered on each account type
    • No deposit or withdrawal fees are charged from the broker side
    • A good number of base currencies are available


    • The range of payment methods available is a little limited


    With your choices made and account open, here are more details on exactly what you can look forward to while trading with Moneta Markets.

    Moneta Markets Trading

    Trading 68
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    Trading Features

    The broker provides a number of key trading features. You can read more about these below.


    When it comes to trade execution, both STP and ECN execution is catered for. This provides an environment where trades are executed in extremely quick time on all accounts.


    The minimum trade size with Moneta Markets is 0.01 lots.


    The broker is open with allowing various trading techniques. Scalping, hedging, and the use of EAs are all permitted. You can also avail of a VPS thanks to the broker partnership with HokoCloud if you need one.

    Risk Management

    Risk management is an essential component of trading at any level. To that end, there are numerous tools provided within your trading platform that can help. These include the ability to set stop losses, take profits, trailing stops, and limit orders to manage your positions.

    From the broker side, they do provide margin calls via email when your account margin level hits 80%.

    Trading Hours

    Forex trading is available on a 24/5 basis. Other markets’ availability will depend on the specific asset you are trading. For these details, you can find them directly on the broker’s website.


    Since Moneta Markets is a trademark of Vantage Global Limited, you have access to extensive leverage. This can be up to 500:1 on forex, 200:1 on indices, and 20:1 on shares.

    It is worth remembering that for ASIC clients, as well as UK and EU traders, the maximum leverage is 30:1 on forex due to regulation.

    Platforms & Mobile

    Trading platforms are an essential part of your trading experience, this is what is offered at Moneta Markets.

    Charting and Trading tools

    The charting tools and indicators you have access to will depend on the trading platform you are using. In this respect, the broker makes MT4 and MT5 available. These are some of the best-known platforms for tools and indicators. There are 51 charting indicators included as standard for MT4, 38 for MT5, and 48 with WebTrader.

    Additionally,  you will find more than 30 drawing tools and an all-around very customizable trading experience.

    Desktop platform

    As mentioned, WebTrader, MT4, and MT5 are all made available by the broker. These are some of the most respected platforms in the industry combining great usability with excellent technical credentials in a highly customizable setup. All platforms can function in both Windows and Mac operating systems and you will have several chart types to choose from.


    The Moneta WebTrader is known as a very user-friendly web-based trading platform from the broker. The platform itself is a popular choice among traders of all levels at Moneta Markets and is compatible with Chrome, Opera, Explorer, and Firefox browsers.

    No download is required for this platform and you will have access to 6 different chart types. You should note though that the WebTrader from Moneta does not facilitate the use of EAs.


    All of the platforms mentioned already are available in mobile form. This includes Moneta WebTrader, MT4, and MT5. All are also compatible with Android and iOS devices. You can also use the dedicated Moneta AppTrader on all devices.

    This can provide for 45 indicators across 9 timeframes and 6 charting types in an easy-to-use format that provides you with all the technical capabilities of a web-based platform while on the move.


    Here is a closer look at the exact markets offered by the broker. These may vary depending on your location.


    More than 45 FX currency pairs are offered by the broker. The spreads here start low from 0 pips with an ECN account.


    17 commodities are offered by Moneta Markets. This offering includes 7 energy assets, 5 metals, and 5 soft commodities.


    A total of 18 indices as CFDs are offered, These include global leaders like the S&P, Nikkei25, FTSE30, and NAS100 among others.

    Shares CFD

    You will find a growing total of 226 shares on offer as CFDs. This includes companies from around the world and major names like Apple, Deutsche Bank, Vodafone, Amazon, and Google that you can trade as CFDs.


    4 cryptocurrencies as CFDs are available from the broker. These pairs are BCHUSD, BTCUSD, ETHUSD, and LTCUSD.


    Here are some other tools and products that can further enhance your trading experience at the broker.

    Market Buzz

    This is a popular trading tool that provides excellent news coverage, insightful content, and any price-moving updates or information on more than 35,000 assets across the industry. It can also follow trending topics and is a very helpful resource when it comes to your research and trading insight.


    TeamViewer is another very helpful third-party tool that can assist you if you need support. This can be downloaded for your PC or Mac and allows the support team to assist you remotely if you have any issues by connecting directly to your device to help.

    Social Trading – Copy Trading

    Social and copy trading services are offered by one of the best third-party platforms in the business, DupliTrade. The use of your EAs feature in MetaTrader can also function as a type of copy or social trading.

    Promotions and Contests

    There are a couple of promotions available from the broker depending on your location. These are as follows:

    • 50% deposit bonus: it will be credited to your account up to 5 business days after the deposit is received and verified by the broker. You need to make a deposit of $500.
    • Refer a friend: All you need to do is share your unique referral link via social or via email. Then, when your referral opens an account, deposits a minimum of $500, and starts trading, you’ll get paid a $250 bonus


    • MT4, MT5 and, the brokers own proprietary platform are available
    • Hedging, Scalping, and EAs are all permitted
    • Copy trading is made available through DupliTrade
    • You can use a VPS through the brokers’ partnership with HokoCloud


    • The number of assets available to trade is limited compared to other major brokers

    Education and Support

    Finally, we will take a closer look at another key area for any trader who is dealing with Moneta Markets, which is education and support. Here is what the broker can offer.

    Moneta Markets Support

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    Multiple languages are supported which makes the broker accessible to traders from around the world. These include English, French, German, Italian, Spanish, Vietnamese, Korean, Arabic, Portuguese, Thai, Indonesian, Malese, and Chinese.


    In terms of research capabilities and resources, the broker is well covered. They provide you with a detailed economic calendar to keep up to date with current events. You will also have access to daily market news as well as a good degree of technical and fundamental analysis.

    Furthermore, a good range of indicators are provided including a forex sentiment indicator alongside helpful tools like their forex trading calculator for your convenience.

    Customer Service

    Customer service at Moneta Markets is available through a number of channels. You can contact the support team through the web-based live chat service for a fast reply. They are also reachable by email and on a dedicated phone number if you require help.

    Beyond these options, there is also a well-resourced FAQ section with the answer to many of the most commonly asked trading and broker questions that you can check first.


    Again, a good range of educational services are provided by the broker. You will have access to Moneta TV, through this you can get daily economic insights based on technical and fundamental analysis. Their WebTV service will also provide you with live news and the latest from the markets including the NYSE.

    A host of video tutorials on Webtrader are also made available as well as a Market Masters course with premium educational content helpful in your development at all levels.


    • The educational section has something beneficial for all levels of trader
    • Research is well provided for and offers good insight
    • Good customer support is available through various channels


    • Some sections of the site are not provided in every language listed

    Moneta Markets FAQs

    Is Moneta market legit?

    Moneta Markets has a strong reputation in the industry. This comes from experience and being well-regulated alongside that Moneta Markets is in fact owned by Vantage Global Limited. This is the same group that owns and operates Vantage FX.

    Are Moneta markets regulated?

    Moneta Markets is operating as an international entity of Vantage FX within the Vantage Global Limited group. The broker is regulated by the VFSC (Vanuatu Financial Services Commission) in Vanuatu.

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    About the Author

    Filippo Ucchino

    Co-Founder - CEO - Broker Expert
    Filippo is the co-founder and CEO of He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
    Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
    With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.
    Moneta Markets Review 2021: Unbiased Pros and Cons revealed

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