Moneta Markets Forex Broker

Moneta MarketsReview SummaryFounded2018-07-18Registered Country/RegionSouth AfricaRegulationOffshore Regulated(FSA), Exceeded(FSCA)Market InstrumentsForex, Indices, Commodities, Share CFDs, ETFSDemo Account✅LeverageUp to 1:1000SpreadFrom 0.0 pipsTrading PlatformMobile: MetaTrader 5, MetaTrader 4, AppTraderWeb: PRO TraderMin Deposit$50Customer Support(24/5)Email: support@monetamarkets.comPhone: +44(113)3204819(U.K), +61 2 8330 1233(International)Live ChatFacebook, Instagram, Twitter, YouTube, LinkedInMoneta Markets Information Moneta Markets is a CFD broker that provides 1000+ of the most liquid currencies, indices, commodities, share CFDs, ETFs and more with PRIME ECN spreads from 0.0 pips! Traders can also access MetaTrader 5, MetaTrader 4, AppTrader, and PRO Trader platforms through Moneta Markets. The broker also provides a demo account.Pros and ConsPros Cons Spread as low as 0.0 pipsNo 24-hour customer supportLeverage up to 1:1000Offshore RegulatedMT4/MT5 availableSome negative voices: scamDemo and Islamic account available50% deposit bonus24/5 customer supportIs Moneta Markets Legit? Moneta Markets is authorized and offshore regulated by the Seychelles Financial Services Authority(FSA), with License No. is SD144 and the License Type is Retail Forex License, making it safer than unregulated. Financial Sector Conduct Authority(FSCA) regulates Moneta Markets. However, the 'Exceeded' current status is less safe than a regulated one.What Can I Trade on Moneta Markets? Moneta Markets offers 1000+ market instruments, including 44 FX Pairs, 16 Indices, 19 Commodities, 700+ Share CFDs, 30+ Crypto CFDs, 50+ ETFs, and 7 Bonds.Tradable Instruments Supported Forex✔Commodities✔Indices✔Currencies✔Share CFDs✔ETFs✔BondsAccount Type Moneta Markets has three live account types: Direct STP, Prime ECN, and Ultra ECN. Traders who want low spreads and deposits can choose a Prime ECN account, while those with a sufficient budget can open an Ultra ECN account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only. Muslims are allowed to open Islamic accounts without swaps.Account Type Direct STPPrime ECNUltra ECNPlatformPRO Trader, MetaTrader 4, MetaTrader 5, AppTraderRange of Markets44 FX Pairs, 16 Indices, 19 Commodities, 700+ Share CFDs, 30+ Crypto CFDs, 50+ ETFs,7 BondsMinimum Deposit$50$50$20,000Minimum Volume0.01 Lot0.01 Lot0.01 LotLeverageUp to 1:1000Up to 1:1000Up to 1:1000Spreads from1.2 Pips0.0 Pips0.0 PipsCommission$0$3 per lot per side$1 per lot per sideIslamic accountYESYESYESSuitable forBeginnersScalpers and EAsProfessional traders andmoney managersStop out50%50%50%HedgingYESYESYESMoneta Markets Fees The spread starts from 0.0 pips, the commission is from 0, and the swap is as low as zero. The lower the spread, the faster the liquidity.Leverage The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.Trading Platform Traders can conduct financial activities in MT4, MT5, AppTrader, and PRO Trader. Both MT4 and MT5 provide various trading strategies and implement EA systems. Moneta Markets offers trading platforms for mobile and web versions. Copy trading is also available, a way for inexperienced traders or followers who dont have the time to do extensive research or want to diversify their portfolio to copy the trades of experienced traders (also known as money managers or copy trading gurus).Trading PlatformSupported Available Devices Suitable for MetaTrader 5✔MobileProfessional tradersMetaTrader 4✔MobileJunior tradersAppTrader✔MobileAll tradersPRO Trader✔WebAll tradersDeposit and Withdrawal The first deposit amount must be $50 or above. Moneta Markets accepts International EFT, Credit/Debit Cards (Visa and MasterCard), FasaPay, JCB, Sticpay, and more for deposit. Withdrawal will be processed within 1-3 business days.Bonus Traders who deposit $500 or more into their real account will receive a 50% bonus.