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Regarding the legitimacy of Moneta Markets forex brokers, it provides a comprehensive investigation into the security aspects of regulatory FSA,FSCA, and WikiBit, as well as whether there are any negative scam reviews.

Rating Index

WikiFX Detection

Software Index

Full License

License

FSCA Exceeded

Is Moneta Markets safe?

The regulatory license is the strongest proof.

Retail FX

FSA Retail Forex License

The Seychelles Financial Services Authority

The Seychelles Financial Services Authority

Regulatory Agencies Introduction
  • Current Status:

    Offshore Regulated
  • License Type:

    Retail Forex License
  • Licensed Institution:

    Moneta Markets Ltd Moneta Markets Ltd
  • Effective Date:

    --
  • Email Address of Licensed Institution:

    support@monetamarkets.sc
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    https://www.monetamarkets.sc
  • Expiration Time:

    --
  • Address of Licensed Institution:

    Office 2, Room B11, First Floor, Providence Complex, Providence, Mahe, Seychelles
  • Phone Number of Licensed Institution:

    +248 4374725
  • Licensed Institution Certified Documents:

11 name
FSP corp

FSCA Financial Service Corporate

Financial Sector Conduct Authority

Financial Sector Conduct Authority

Regulatory Agencies Introduction
  • Current Status:

    Exceeded
  • License Type:

    Financial Service Corporate
  • Licensed Institution:

    MONETA MARKETS (PTY) LTD MONETA MARKETS (PTY) LTD
  • Effective Date:

    2016-11-08
  • Email Address of Licensed Institution:

    --
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    --
  • Expiration Time:

    --
  • Address of Licensed Institution:

    SUITE 306, THE COLOSSEUM 3 RIEBEEK STREET CAPE TOWN 8001
  • Phone Number of Licensed Institution:

    081 3555 300
  • Licensed Institution Certified Documents:

11 name

Is Moneta Markets a scam, or is it legit?

The latest exposure and evaluation content of Moneta Markets brokers.

Moneta suddenly charged me $4459.43 Adiminstration
I registered account 3046678 with Moneta and deposited $18360. After one month of trading, Moneta suddenly charged me $4459.43 Adiminstration Fee.
Profit has been made, but they deduct my profits and do not allow withdrawals.
Last year, I lost $7,000 on this platform. The platform was fine, so I decided to start again this year. Before the non-farm payroll data last Friday, I was bullish on gold, so I took a long position of 10 lots. After the data came out, gold skyrocketed and I made a profit of $8,000. When I wanted to withdraw the funds, the platform directly refused and deducted my profits. Now, there is still no response, and they are not replying to the emails I sent. I also can't contact the account manager.
GLPE OF MONETA AND NEXOBOT IN BRAZIL 2024
After a year of selling an automated trading service, Moneta and Nexobot left several clients without their profitability and without their life savings invested in Moneta PAMM accounts!!! They started selling in April 2023 and in May of this year (2024) they sent a very strange email to all clients stating that they blocked all accounts to stop losses. The result: millions of dollars stolen from many clients. I had $3700 and they deducted $80 from my account. There are users who claim to have lost their life savings, over $100 or $200 thousand dollars!!! It seems that at the time I signed up, Moneta offered insurance coverage of up to $250,000 for Moneta accounts, but I haven't seen my stolen $3700 anymore! A MILLION DOLLAR ROBBERY IN BRAZIL - BEWARE!
Scam platform. Unable to withdraw. Employees’ salaries are not paid out. They are ready to run away.
This platform is a scam platform. It has been two days since I applied for a withdrawal, but it has been delayed. The salaries of internal employees cannot be paid out, everyone should watch out.
It didn't let me withdraw when I made profits
If you lose your capital it's okay for that but if you make any high profit they will not let you withdraw. I lost 509 usd using my EA, no alert was issued by the broker, but when I adjusted my EA strategy and made profits, it quickly They rejected all my withdrawals. Stay away from this broker.
Moneta is a scam platform that doesn't allow withdrawal. Everyone watch out!
It has been two days since I applied for a withdrawal, and I haven’t received the money. I asked the salesman, and he said that the team’s salary can’t be paid out. Everyone must watch out.
Moneta Markets allowed the PAM
Moneta Markets allowed the PAMM account manager (Capital Investing Strategies Ltd / NexoBot) to DISABLE the display of open trades (Floating Balance/Floating) on its interface, misleading everyone, as clients were unaware of these VERY negative open trades. Capital Investing Strategies Ltd (manager of the PAMM account) concealed this huge drawdown from the PAMM account's clients, so that they were unaware of the high financial commitment that existed and, since January 2024, had been making withdrawals difficult for clients, making them practically impossible. When we tried to make withdrawals from Moneta's PAMM account and the manager wouldn't authorize it, we asked them to intervene and take action on behalf of the clients, but they said they couldn't do anything. We believe that Moneta Markets is co-responsible for this disaster, as it allowed such relevant information to be hidden in its own system (PAMM account interface, with a virtual domain bearing its name). There was talk of a protection mechanism by NEXOBOT of up to $250,000.00 per account, this amount could be used by MONETA to compensate the clients who were harmed.
Unable to withdraw
I made 265000 dollars profit at MonetaMarkets on Apr 24, 2023, but the platform deudct 249660 dollars profit and deny withdrawal on the ground of wrong quotation by the platform.
Moneta Markets's latest industry rating score is 6.45, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. Moneta Markets If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.