Moneta Markets is a forex broker registered in South Africa in 2018. This broker primarily offers trading services in financial derivatives such as foreign exchange, stocks, indices, commodities, and ETFs. It is strictly regulated by multiple regulatory bodies.
Corporate Background
Moneta Markets is a forex trading service provider, with its registered entity being Moneta Markets Pty Ltd, headquartered in South Africa. Information obtained from a Whois search shows that the domain name for Moneta Markets' official website was registered on July 18, 2018.
The official website of Moneta Markets shows its associated corporate entity as Moneta Markets Ltd, registered in Saint Lucia;
Its associated corporate entity is MMonexia LTD, registered in Cyprus;
Its associated corporate entity is Moneta Markets Limited, registered in Hong Kong, China;
Its associated corporate entity is Moneta Markets Ltd, registered in Seychelles.
Regulatory Information
Moneta Markets is a regulated forex broker, with its entity Moneta Markets Pty Ltd being regulated or authorized by the South African Financial Sector Conduct Authority (FSCA), holding a regulatory license with license number 47490. The services offered by Moneta Markets, including foreign exchange, stocks, indices, commodities, and ETFs, are strictly regulated by the South African Financial Sector Conduct Authority (FSCA).
Its associated corporate entity, Moneta Markets Ltd, is regulated and authorized by the Seychelles Financial Services Authority (FSA).
Trading Products
Moneta Markets offers a variety of trading products, including foreign exchange, stocks, indices, commodities, and ETFs.
- Forex trading: Moneta Markets allows investors to participate in the forex market, providing opportunities to trade various currency pairs. Investors can trade based on the price fluctuations of one currency against another.
- Stock trading: Moneta Markets enables users to trade a wide range of global stocks. Investors can trade stocks from various well-known companies.
- Index trading: Moneta Markets allows investors to trade based on the price movements of specific financial indices. These indices include stock indices, commodity indices, bond indices, etc., enabling investors to participate in the market by trading these indices.
- ETF trading: Moneta Markets offers a fast execution platform providing liquidity and transparency to investors by trading a single instrument that tracks stocks across different sectors and industries, ensuring low transaction costs.
- Commodity trading: Contracts for Difference (CFDs) on commodities allow investors to profit from the price fluctuations of raw materials and resources. Commodities include raw materials such as crude oil, copper, and iron ore. Commodity CFDs allow investors to participate in various commodity markets without physically holding the goods.
Trading Software
Moneta Markets offers two trading platforms to investors: MetaTrader 4 and PRO Trader.
- MetaTrader 4 provides various trading indicators, Expert Advisors (EAs) for automated trading, and extensive charting tools, along with ultra-fast order execution below 15ms through trading servers located in New York, London, Hong Kong, and more.
- PRO Trader is a web-based charting platform with built-in trading modules from TradingView, featuring 100+ indicators and over 50 drawing tools, 11 chart types, and up to 21 timeframes.
Account Registration
The Moneta Markets official website provides two types of account registration: real accounts and demo accounts.
Real account registration: First, open the Moneta Markets official website and click “SIGN UP” at the top right corner of the homepage.
Follow the steps to complete account registration.
Demo account registration: First, open the Moneta Markets official website and click “DEMO” at the top right corner of the homepage.
Follow the steps to complete account registration.
Account Types
Moneta Markets offers three different types of trading accounts: DIRECT, PRIME, and ECN.
- DIRECT: Minimum deposit of $50.
- PRIME: Minimum deposit of $200.
- ECN: Minimum deposit of $20,000.
All three account types offer a maximum leverage ratio of 1000:1, starting from 0.01 lots, and support both MetaTrader 4 and PRO Trader trading software.
Deposit and Withdrawal Methods
Moneta Markets also provides a variety of deposit and withdrawal options, including international wire transfer, VISA, Mastercard, fasapay, JCB, STICPAY, and others, along with information on deposit fees, timing, and currencies for these channels and methods. The Moneta Markets official website does not explicitly provide information on withdrawal support channels and methods, fees, timing, and currencies.
Customer Support
This broker offers 24/5 multilingual support, available through multiple channels, including phone support, email support, and online chat. Traders can contact the customer support team directly and immediately at the phone number +0283301233. Investors can also send their questions or requests to support@monetamarkets.com. Additionally, the online chat feature on the Moneta Markets website allows for fast communication with the broker.
Summary
Moneta Markets is registered in South Africa and regulated by the South African Financial Sector Conduct Authority (FSCA). Moneta Markets offers a variety of trading products, including foreign exchange, stocks, indices, commodities, and ETFs. Traders are reminded to obtain adequate education on market mechanisms before engaging in high-leverage trading, and to carefully consider their investment objectives and risk tolerance.
Currently, Moneta Markets is marked as "Active" on TraderKnows.
