Moneta Markets Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of Moneta Markets trading signals. You will learn what kinds of trading signals Moneta Markets offers and what the conditions for using them are.
Short introduction of Moneta Markets
Moneta Markets has provided its services in financial markets for over 10 years. It offers more than 1,000 trading instruments, including currency pairs, CFDs on stocks, indices, commodities, bonds, and ETFs (exchange-traded funds). This broker is regulated by the Financial Services Conduct Authority of South Africa (FSCA), license number 47490.
| 💰 Account currency: | AUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD, and BRL |
| 🚀 Minimum deposit: | $50 |
| ⚖️ Leverage: | Up to 1:1000 |
| 💱 Spread: | From 0-1.2 pips subject to the account type |
| 🔧 Instruments: | 45 currency pairs, 635 CFDs on stocks, 15 indices, 15 commodities, 7 bonds, 30 cryptocurrencies, and 50 ETFs |
| 💹 Margin Call / Stop Out: | No/50% |
Moneta Markets Pros and Cons
👍 Advantages of trading with Moneta Markets:
•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.
👎 Disadvantages of Moneta Markets:
•No PAMM or MAM accounts;
•Small choice of payment methods for depositing and withdrawing funds;
•No cent accounts for trading with reduced risks.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
-
Copy trading.
-
Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
Moneta Markets Trading Signals
Depending on the account type, this broker's fee is from $0-$3 per lot, and spreads are from 0-1.2 pips. This broker does not charge deposit and withdrawal fees. However, banks and payment systems can charge fees in accordance with their internal regulations.
| Account type | Spread (minimum value) | Withdrawal commission |
| Direct | $12 | No |
| Prime | $0 | No |
| Ultra | $0 | No |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that Moneta Markets does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
Do brokers offer premium subscriptions to signals?
In some cases, brokers may offer premium subscriptions.
How do I choose a signal provider?
Consider the profitability, the list of instruments the signals are provided for and the risk level of the strategy.
How do I test the signals if I can’t do it on a demo account?
In this case, it is best to test them using the minimum deposit. You will need to check the minimum deposit level of the broker.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.