Moneta Markets is a brokerage firm that offers the MetaTrader suite of platforms, as well as a web and mobile app powered by TradingView. While Moneta Markets does provide support for a decent range of third-party features and an expanding selection of markets, it falls short in terms of research and educational offerings.
Moneta Markets has attained regulatory status with one Tier-one jurisdiction, one Tier-2 jurisdiction, and one Tier-4 jurisdiction. Its PRO Trader web-platform, powered by TradingView, allows trading directly from the charts with the convenience of drag-and-drop order modification. Additionally, Moneta Markets offers social copy trading through Moneta Markets CopyTrader, powered by Pelican Exchange and ZuluTrade. Alongside these features, Moneta Markets provides the MetaTrader suite, as well as its PRO Trader and AppTrader platforms, all powered by TradingView.
However, Moneta Markets may not be the best choice for traders seeking low-cost trading options unless they are willing to deposit $20,000 for the Ultra ECN account. Some modules on the Moneta Markets site were found to be outdated or failed to load properly. Furthermore, while Moneta Markets does offer a range of markets, it is still relatively smaller compared to other leading multi-asset brokers. Additionally, Moneta Markets’ research offerings are lacking in comprehensiveness and quality, despite the inclusion of Trading Central add-ons and branded Moneta TV daily video content. The educational resources provided by Moneta Markets consist of over 100 videos in the Moneta Markets Masters Course, but there is a noticeable absence of in-depth written articles.
In summary, Moneta Markets is a brokerage firm that provides access to the MetaTrader suite of platforms and a web and mobile app powered by TradingView. While it offers a decent range of third-party features and an expanding selection of markets, its research and educational offerings are limited. Traders seeking low-cost options may find better alternatives, and the range of markets offered is smaller compared to other leading multi-asset brokers. It’s important to consider these factors when evaluating Moneta Markets as a potential brokerage option.
Overall Rating: 4/5 Stars
Trust Score: 72
Offering of Investments: 4/5 Stars
Commissions & Fees: 4.5/5 Stars
Platform & Tools: 4/5 Stars
Research: 4/5 Stars
Mobile Trading: 4/5 Stars
Education: 3.5/5 Stars
Please note that the above review is preliminary and subject to further analysis and updates.
Is Moneta Markets safe?
Moneta Markets is considered to have an average level of risk, with an overall Trust Score of 72 out of 99. It is not publicly traded, does not operate as a bank, and is authorized by one Tier-1 regulator (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). Moneta Markets is authorized by the Australian Securities & Investment Commission (ASIC). For more information regarding the Trust Score, please refer to our detailed assessment.
Year Founded: 2009
Publicly Traded (Listed): No
Tier-1 Licenses: 1
Tier-2 Licenses: 1
Tier-3 Licenses: 0
Tier-4 Licenses: 1
The range of markets available through Moneta Markets depends on the entity and platform used, with up to 1016 symbols available across various CFD markets, including forex, shares, indices, commodities, and metals. It is important to note that cryptocurrency trading is available through CFDs but not through trading the underlying asset. Please be aware that crypto CFDs are not accessible to retail traders from any broker’s U.K. entity or U.K. residents.
Forex Trading (Spot or CFDs): Yes
Tradeable Symbols (Total): 1016
Forex Pairs (Total): 54
U.S. Stock Trading (Non CFD): No
Int’l Stock Trading (Non CFD): No
Social Trading / Copy Trading: Yes
Cryptocurrency (Physical): No
Cryptocurrency (Derivative): Yes
Disclaimer: Crypto CFDs are not available to retail traders from any broker’s U.K. entity, nor to U.K. residents (except for Professional clients).
Trading costs at Moneta Markets vary depending on the account option chosen. The commission-based Moneta Prime ECN and Ultra ECN accounts, as well as the commission-free Direct STP account, are available. The STP account does not charge commissions, but spreads for forex trading are higher compared to the Prime ECN account.
It is essential to conduct thorough research and analysis, considering personal trading preferences and risk tolerance, before selecting a brokerage firm.