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Moneta Markets – Trading Platform Review & User Feedback 2020

4.2 / 5

Despite being a new player amongst the web-based trading platforms, Moneta Markets has already claimed confidence of many traders thanks to its functional and straight-forward trading platform, award-winning customer service and a modest minimum deposit requirement. Read on to see what else makes Moneta Markets an excellent choice for trading!

General Information

Moneta Markets constructed with the purpose of providing clients world-wide with simple yet powerful access to global markets. Tailor made from the ground up, Moneta Markets offer traders of all levels web-based access to the Forex, Commodities, Indices, Share CFD and Crypto markets, without the need to download or install any software.

Advantages and Disadvantages

Why should you choose to trade with Moneta Markets?

+ Start trading live trading with just $200 minimum deposit. Transitioning from a Moneta Markets demo account to a live account is quick, easy, and you can start trading global markets with as little as $200 deposit.

+ Powerful WebTrader and AppTrader platforms. The award-winning Moneta Markets WebTrader and AppTrader platform offer simple yet powerful access to 300+ tradable markets anywhere, anytime. No downloads required!

+ Start trading live in just minutes. Open and fund your live trading account in just minutes. The Moneta Markets WebTrader offers a built-in client portal so you can manage your account, deposit and withdrawal, and open additional accounts quickly and easily.

+ Trading tools and education resources. Moneta Markets offer 100+ video trading tutorials, a range of trading tools – including trading signals, live market commentary, and much more.

+ Wide range of Share CFDs offered. Moneta Markets clients are able to trade a range of Share CFDs from the US, UK, Hong Kong, Europe, and Australia.

– Doesn’t accept US residents. Unfortunately, clients residing in the US aren’t accepted.

– No automated trading. Being a web-based platform, custom indicators and EAs aren’t able to be used at this time.

Trading Conditions

Spreads and commissions: Moneta Markets offer some of the lowest trading costs in the industry, with prices sourced from multiple liquidity providers.

Trade Execution: Experience ultra-low latency and exceptionally fast execution speeds with one of the most trusted brokers in the industry.

Margin and Leverage: with up to 500:1 leverage on FX and 20:1 on Share CFDs, Moneta Markets clients can start trading with just a small initial account balance.

Underlying Assets

With 300+ tradable instruments on offer, Moneta Markets clients can enjoy access to markets from every corner of the globe. By offering a wide range of currency pairs, indices, commodities, Share CFDs from the UK, US, Hong Kong, Europe and Australia, all clients can experience their market of choice all through our powerful WebTrader and AppTrader platforms.

Trading Platform

The Moneta Markets WebTrader platform is a powerful web-based application that operates across both PC and Mac. And as an all-in-one trading platform, the Moneta Markets WebTrader handles the entire onboarding and account application process, deposits and withdrawals, leverage changes, account management, and more, in addition to its powerful charting and trading
To access the Moneta Markets WebTrader, clients can simply log in or open an account at Monetamarkets.com.

Mobile Trading

The Moneta Markets AppTrader for iOS and Android provides traders with powerful, on-the-go access to 300+ tradable assets including Currencies, Commodities, Indices, Share CFDs and more.
When trading with the Moneta Markets AppTrader, clients can view order volume, and stop loss and take profit levels as both pips and dollar value to help better manage risk. And, with a variety of chart types, timeframes, technical indicators and drawing tools built in, the Moneta Markets AppTrader offers agile market access anytime, anywhere.

Demo Account

Opening a Moneta Markets Demo account takes less than 30 seconds, and with no downloads required traders can start practicing on their demo account in no time at all.

From within their Demo account, clients can trade all 300+ instruments in real market conditions to learn their way around the platform. And, when ready it’s fast and easy to then open and fund a new Live account, and add additional accounts.

Account Types

Moneta Markets offers only one account type.

Opening an Account

Opening a live trading account is fast and easy. Because the Moneta Markets WebTrader is an all-in-one solution, onboarding takes place directly from within the trading platform.

Clients from certain countries are eligible for ID3 verification which means they don’t need to upload Proof of ID documentation, and can start trading even faster. All other clients are able to easily upload their verification documents from within the WebTrader platform.

Once your initial live account is open, it’s as simple as clicking a button to open additional live accounts.

Funds Withdrawal

Deposits and withdrawals are also handled from within the WebTrader platform. Clients can deposit and withdraw funds using a variety of methods – credit/debit card, Wire Transfer, Skrill and NETeller, and withdrawals are processed within 1-2 business days.

Trader Training

Moneta Markets offers traders a huge range of trading tools and educational materials. All clients receive access to a series of tutorial videos to help navigate the WebTrader platform, Daily WebTV direct from the NYSE trading floor, daily market insights through Moneta TV, and technical analysis ideas.

For live and funded accounts, clients can access a range of premium tools and educational resources, such as the ‘Market Masters’ Video Trading Course, featuring dozens of video tutorials covering chart and candle patterns, day trading, risk management and stock market strategies. Also, Moneta Markets Trading Tools are available and include a premium economic calendar, live trading signals for FX and Share CFDs and Market Buzz – so traders can gain insights into the markets currently in play.

Should I Trade with Moneta Markets?

When deciding which broker to choose, there are quite a few factors to consider.

First and foremost is licensing and regulation. When researching the right broker traders should ensure that the broker is genuinely licensed and regulated. Moneta Markets is regulated by CIMA, and in addition to being strictly regulated, all Moneta Markets client funds are held in segregated accounts with the National Australia Bank.

Another important consideration is the reliability of a broker’s customer support. Moneta Markets, despite being a relatively new broker has already claimed the 2020 Best Customer Support award, offering multilingual customer support available around the clock via phone, email, live chat and social media. Moneta Markets seems to understand that exceptional customer support, and ensuring that any account or platform matters clients experience are handled as soon as they arise are crucial to maintaining a positive impression.

When it comes to the ‘tools of the trade’, without a decent trading platform, clients would struggle to succeed. The Moneta Markets WebTrader received 2020’s web-based trading platform of the year, so traders can be assured that they have access to a powerful trading platform that’s compatible across all devices, no downloads required.

The range of tradable instruments offered by Moneta Markets covers a range of asset classes including Forex, Commodities, Indices and Cryptocurrencies. Recently, Moneta Markets introduced a selection of Share CFDs from the US, Hong Kong, UK, European and Australian stock exchanges. With 300+ tradable products, Moneta Markets caters to traders of all styles and levels.

With FX and CFD trading, margin and leverage requirements are also a consideration. Moneta Markets offer up to 500:1 leverage on all Forex pairs. This means that beginner traders are able to get started with just a small initial deposit.

Moneta Markets ticks all the boxes for traders looking for agile, regulated access to the global markets. Their award-winning WebTrader and reputation for exceptional customer service set them apart from the competition. So, if you’re looking for a powerful web-based trading platform and a broad range of tradable instruments, don’t hesitate to sign up for a demo or live account.

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Moneta Markets – Trading Platform Review & User Feedback 2020

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