Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Moneta Markets Pros & Cons
- Minimum deposit is only $50;
- Three account types that are suitable for both novice traders and professionals;
- Demo account for novice traders to test trading conditions and strategies;
- Possibility of passive income by connecting to social trading services;
- Negative balance protection.
- Small choice of payment methods for depositing and withdrawing funds;
- No cent accounts for trading with reduced risks.
Moneta Markets has provided its services in financial markets for over 10 years. It offers more than 1,000 trading instruments, including currency pairs, 700+ CFDs on stocks, indices, commodities, bonds, and ETFs (exchange-traded funds). This broker is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa under license number 47490, and by the FCA under license number 613381.
Moneta Markets boasts over 70,000 trading accounts and processes more than 1.5 million trades totaling $100 billion each month. The broker caters to both active traders and passive investors who favor social trading.
TU Expert Verdict
I can confidently recommend Moneta Markets — it is a highly trusted company that I have personally tested and verified. Its trading conditions and user feedback show that most traders are satisfied, and my own experience confirms its solid and consistently reliable performance.
Top-5 Brokers Traders Prefer
Moneta Markets User Reviews
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5-star
36%
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4-star
13%
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3-star
47%
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2-star
2%
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1-star
2%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria6 /10The trading and non-trading commissions of Moneta Markets have been analyzed and rated as having Medium fees, with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Moneta Markets with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Moneta Markets’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Moneta Markets Standard spreads Moneta Markets OANDA FOREX.com EUR/USD min, pips 1.2 0.1 0.7 EUR/USD max, pips 1.8 0.5 1.2 GPB/USD min, pips 1.2 0.1 0.9 GPB/USD max, pips 1.8 0.5 1.4 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Moneta Markets RAW/ECN spreads Moneta Markets OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3 3.5 5 EUR/USD avg spread 0.3 0.15 0.2 GBP/USD avg spread 0.4 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Moneta Markets. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Moneta Markets Non-Trading Fees Moneta Markets OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is Moneta Markets Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria9.6 /10Moneta Markets has a safety score of 9.6/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Regulated in the UK
- Track record over 20 years
- Strict requirements and extensive documentation to open an account
Moneta Markets Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level FCA UK
Full Name Financial Conduct Authority Country of regulation United Kingdom Investor Protection Fund Up to £85,000 Regulation Level Tier-1 FSCA SA
Full Name Financial Sector Conduct Authority of South Africa Country of regulation South Africa Investor Protection Fund No specific fund Regulation Level Tier-2 Abbreviation CMA (UAE) Full Name Capital Market Authority Country of regulation United Arab Emirates Investor Protection Fund No specific fund Regulation Level Tier-2 Moneta Markets Security Factors Foundation date 2006 Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.5.3 /10Moneta Markets offers the following account options: Demo, Standard, ECN/Raw spread, Swap Free, VIP.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Exclusive VIP account with enhanced trading conditions
- Demo account
- Tight spread ECN account
- No Cent account
- Micro lots are not available
Moneta Markets account types vs top competitors Moneta Markets Plus500 OANDA Standard YesYesYesECN/Raw spread YesNoYesDemo YesYesYesCent NoNoNoMicro NoNoYesSwap Free YesNoYesVIP YesNoNoManaged NoNoNoMoneta Markets accounts trading conditions
Moneta Markets offers three standard account types and a demo account. The maximum trading leverage on all accounts is 1:1000. The minimum deposit, fees, and spreads depend on the account type. The minimum trading volume is 0.01 lots. All STP and ECN Direct accounts can be turned into Islamic accounts. Each client can have several accounts of different types.
Account types:
Account Type Description Direct It is suitable for novice traders. The minimum deposit is $50, the trading fee is from $0, and spreads are from 1.2 pips. As with other accounts, all basic currencies and trading platforms are available; Prime It is best for scalping and using trading advisors. The minimum deposit is $50, spreads are from 0 pips, and the trading fee is from $3 per lot; Ultra It is an account type for professional traders with a minimum deposit of $20,000. The trading fee is from $1 per lot, and spreads are from 0 pips. Before opening a live account, a trader can request a demo account and use it for trading in the simulator using virtual funds. Demo accounts will automatically deactivate if not used for 30 days.
Unlike any other brokers, the same number of trading instruments is available on all Moneta Markets accounts, which allows both beginners and experienced traders to trade without restrictions.
Moneta Markets is a broker with reduced spreads and trading fees, which is achieved by working directly with liquidity providers using ECN and STP technologies.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6.2 /10Moneta Markets received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Moneta Markets provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Low minimum withdrawal requirement
- Supports 5+ base account currencies
- No deposit fee
- No withdrawal fee
- PayPal not supported
- BTC payments not accepted
- Limited deposit and withdrawal flexibility, leading to higher costs
What are Moneta Markets deposit and withdrawal options?
Moneta Markets provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire.
Moneta Markets Deposit and Withdrawal Methods vs Competitors Moneta Markets Plus500 OANDA Bank Wire YesYesYesBank card YesYesYesPayPal NoYesYesWise NoNoNoBTC NoNoYesWhat are Moneta Markets base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Moneta Markets supports the following base account currencies: USD, EUR, GBP, JPY, AUD, CAD, NZD, CAD, HKD, BRL.
What are Moneta Markets's minimum deposit and withdrawal amounts?
The minimum deposit on Moneta Markets is $50, while the minimum withdrawal amount is $50. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Moneta Markets’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria8.8 /10Moneta Markets provides a standard range of trading assets in line with the market average. The platform includes 1000 assets in total and 60 Forex currency pairs.
- 60 supported currency pairs
- Crypto trading
- ETFs investing
- Regional restrictions are possible
Supported markets vs top competitors
We have compared the range of assets and markets supported by Moneta Markets with its competitors, making it easier for you to find the perfect fit.
Moneta Markets Plus500 OANDA Currency pairs 60 60 68 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 1000 2800 129 Stocks YesYesYesCommodity futures YesYesYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesYesYesStock indices YesYesYesOptions NoYesNoInvestment options
We also explored the trading assets and products Moneta Markets offers for beginner traders and investors who prefer not to engage in active trading.
Moneta Markets Plus500 OANDA Bonds YesNoYesETFs YesYesNoCopy trading YesNoYesPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at Moneta Markets by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10We successfully registered an account with Moneta Markets in 5 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at Moneta Markets is $50. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Quick KYC verification (1 business day or less)
- Fully online account opening process
- Fast registration time (up to 15 minutes)
- Account setup process may feel less convenient for beginners
Moneta Markets account opening Moneta Markets Plus500 OANDA Online Registration YesYesYesMinimum deposit $50 $100 $0 Mandatory KYC YesYesYesRegistration time (min) 5 10 KYC time (days) 1 3 3 Is Moneta Markets available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
To trade through Moneta Markets, register on its website and open a trading account. Below are the instructions for registration and the user account:
On the Moneta Markets website, click the “Sign Up” button.
Select your country, an individual or corporate account type, enter your first and last names, email, and phone number, then click the “Next” button. Learn important information about this broker’s regulator and click the “Continue” button.
Options available in Moneta Markets’ user account:
- Downloading installation files for MetaTrader 4/5.
- Opening a live or demo account.
Additional features of the user account:
- Professional trading tools;
- History of financial transactions;
- Contact technical support;
- Information about open accounts;
- Deposits and withdrawals;
- Technical analysis;
- Language selection.
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Trading Platforms & Tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria9 /10Moneta Markets received a score of 9/10, indicating a strong offering in terms of trading platforms and tools. The broker provides broad access to popular platforms and supports a variety of features designed to enhance both manual and automated trading.
- MetaTrader is available
- Proprietary platform with unique features
- Trading bots (EAs) allowed
- Free VPS for uninterrupted trading
- No access to API
- No TradingView integration
- Strategy (EA) Builder is not available
Supported trading platforms
Moneta Markets supports the following trading platforms: MT4, MT5, Proprietary platform, WebTrader. This selection covers the basic needs of most retail traders. We also compared Moneta Markets’s platform availability with that of top competitors to assess its relative market position.
Moneta Markets Plus500 OANDA MT4 YesNoYesMT5 YesNoYescTrader NoNoNoTradingView NoYesYesProprietary platform YesYesYesNinjaTrader NoNoNoWebTrader YesYesYesKey Moneta Markets’s trading platform features
We also evaluated whether Moneta Markets offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features 2FA YesAlerts YesTrading bots (EAs) YesOne-click trading YesScalping YesSupported indicators 100 Tradable assets 1000 Additional trading tools
Moneta Markets offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
Moneta Markets trading tools vs competitors Moneta Markets Plus500 OANDA Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making. NoNoNoAPI NoNoYesFree VPS YesNoYesStrategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills. NoNoYesAutochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels. YesNoYes -
Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria4 /10Moneta Markets supports mobile trading, offering dedicated apps for both iOS and Android. Moneta Markets received 4/10 in this section, which suggests limited user interest or weak performance of the apps.
- Supports mobile 2FA
- Indicators supported
- Mobile alerts supported
- Weak user feedback on Android
- Low app installs across iOS and Android
We compared Moneta Markets with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
Moneta Markets Plus500 OANDA Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms. 10,000 10,000,000 1,000,000 App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience. 0 4.7 4.8 Google Play score 0 4.4 3.4 Mob. 2FA YesYesYesMob. Indicators YesYesYesMob. Alerts YesYesYes -
Customer Support
Score:We evaluated Customer Support at Moneta Markets by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria6.5 /10Customer support at Moneta Markets is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. Moneta Markets provides basic support functionality but does not stand out in overall service performance.
InformationSupport managers are available 24/5.
- Non-clients of this broker can contact support via live chat
- Client support is available in 13 languages
- Feedback form is not available
- Support works 24/5
This broker provides the following communication channels:
- telephone;
- live chat;
- email.
This broker has its profiles on Instagram, Facebook, YouTube, LinkedIn, and X, where you can also find a lot of useful information and ask questions.
Contacts Foundation date 2006 Registration address Moneta Markets South Africa (Pty) Ltd, 1 Hood Avenue, Rosebank, Johannesburg, Gauteng 2196, South Africa Regulation FSCA, SCA, FCA Licence number:
47490 , 613381Official site https://www.monetamarkets.com/ Contacts support@monetamarkets.com +61 2 8330 1233
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FAQs
How safe is trading with Moneta Markets in terms of regulation and investor protection?
Moneta Markets has a safety score of 9.6/10, indicating a high security level under the Traders Union methodology. It is Tier-1 regulated by the FCA in the UK, where eligible clients may have access to an investor protection fund of up to £85,000, and it also holds Tier-2 regulation in South Africa and the UAE, offers negative balance protection, and requires KYC verification.
What account types and trading conditions does Moneta Markets offer?
Moneta Markets provides Demo, Standard, ECN/Raw spread, Swap Free, and VIP accounts, but does not offer Cent or Micro accounts. Its Direct, Prime, and Ultra accounts have minimum deposits from $50 to $20,000, leverage up to 1:1000, minimum trade size of 0.01 lots, and can be converted to Islamic accounts, with demo accounts that deactivate after 30 days of inactivity.
What do user reviews and feedback say about Moneta Markets overall?
Moneta Markets has a user satisfaction score of 7.6/10 based on 47 reviews, with a rating distribution that shows a mix of 5-star, 4-star, 3-star, and a small share of 2-star and 1-star ratings. According to user reviews, overall impressions are mixed rather than strongly positive or negative.
Which markets and tradable assets are available with Moneta Markets?
Moneta Markets offers around 1,000 tradable assets, including 60 forex currency pairs, stocks, stock indices, commodity futures, and cryptocurrencies, but does not provide options. It also supports bonds, ETFs, and copy trading as additional investment options, while noting that regional restrictions may apply.
What feedback is available on Moneta Markets customer support and communication channels?
Customer support at Moneta Markets is available 24/5 via telephone, live chat, and email, and non-clients can also use live chat, with service offered in 13 languages. Based on user feedback in testing, response times were moderate and service quality varied by request complexity, and there is no feedback form, though the broker maintains social media profiles where users can find information and ask questions.
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