Platform Name: Moneta Markets
URL: https://www.monetamarkets.com/
Founded: 2019
Parent Company: Vantage International Group Limited
Location: Cayman Islands
Address: Artemis House, 67 Fort St, PO Box 2775, Grand Cayman KY1-1111
Subsidiaries:
- Vantage Global Prime Pty Ltd (DBA Vantage FX), Sydney Australia
- Vantage Global Prime LLP, London UK
Regulated: Yes
Licenses:
- SIBL 1383491, issued by Cayman Islands Monetary Authority
- AFSL 428901, issued by the Australian Securities and Investments Commission (ASIC)
- FRN 590299, issued by UK Financial Conduct Authority
Trading Instruments: Forex, Commodities, Indices, Crypto and Share CFDs
Social Media Channels
Facebook: https://www.facebook.com/MonetaMarketsFX
Twitter: https://twitter.com/monetamarkets
LinkedIn: https://www.linkedin.com/company/monetamarkets
YouTube: https://www.youtube.com/channel/UCqu568hgNHIHtjxiTV8niIA
Overview
Moneta Markets is an online crypto CFD brokerage platform created by the reputable Vantage International Group; a Cayman Islands-based company with more than a decade of experience in the financial markets. It is a regulated entity holding relevant licenses in three different jurisdictions including Cayman Islands, Australia, and the United Kingdom.
The Moneta Markets platform is designed for ease-of-use, with the best-in-class trading software and more than 300 tradable instruments spanning across cryptocurrencies, forex, commodities, shares, and indices. It is also worth noting that the parent of Moneta Markets is a heavyweight in the trading game with average monthly trading volumes exceeding $100 billion.
The platform’s reputation is further enhanced by its banking relationship with AA rated National Australia Bank as the custodian that holds the trust account and the negative balance protection cover for client trading accounts.
Platform
Designed for use by both professional as well as those who are new to trading, the Moneta Markets trading platform is available for web browsers as well as mobile phones. Built from scratch, the Moneta Markets trading interface is simple and provides easy market access.
The Moneta Markets WebTrader is an all-in-one, performance-packed application capable of handling high trade request volumes with pip-perfect precision. The clean layout with readily accessible trading information makes trading easier on the platform, which is further enhanced by the availability of various market charts and trading tools. The precision charting feature includes 45+ built-in indicators and 6 different chart types with a suite of drawing tools designed to suit a wide range of trading styles.
Similar to the Moneta Markets WebTrader, the MobileTrader application for trading on-the-go is available for both Android and iOS powered devices. The mobile versions offer almost all the features that are available on the web version including multiple indicators, timeframes, chart types and chart drawing tools like trendlines and Fibonacci levels.
Accounts and Trading
Trading on Moneta Markets is a piece of cake. The platform has only one account type and the registration process takes just a few minutes. Once the account is created, users can fund their account with a minimum deposit of $200 using any of the available payment methods. After completing the formalities, they can start trading over 300+ instruments across all supported asset classes.
Moneta Markets does not charge any fee on deposits and offers leverage up to 500x which is considerably large compared to some of its other peers. The simplicity of its user interface comes as an advantage as the Order Module is placed right next to the trading chart and also features a real-time trade calculator displaying trading volume in pips as well as dollars. With adequate knowledge about the platform and a variety of tools it offers, users can place trades with a high degree of precision.
The built-in risk management module safeguards the interest of Moneta Markets’ trading community by simplifying Stop Loss and Take Profit orders, so as to prevent them from losing more money due to sudden unexpected market movements.
The list of tradable assets on the platform
Cryptocurrencies: BTC, BCH, DASH, LTC, ETH and XRP
Forex: 45+ trading pairs involving AUD, CAD, EUR, CHF, JPY, SGD, GBP, USD, CNH, NZD, NOK, etc.
Commodities: over 15 most liquid and widely traded commodity markets including Oil, Gold, Silver, Gas, Coffee, etc.
Indices: 15+ major indices markets including SP500, FTSE, DAX, NIKKEI, HANG SENG etc.
Share CFDs: Access to shares of over 185 major companies in the UK, USA, EU, and Hong Kong including the likes of Google, Apple, Facebook, etc.
Deposit and Withdrawals
Moneta Markets supports all major currencies over multiple deposit methods. The list of supported fiat currencies includes USD, AUD, EUR, GBP, NZD, SGD, JPY and CAD, which can be deposited either through international wire transfer, Visa powered credit/debit cards, PayPal, Neteller, Skrill, Fasapay, JCB or in Bitcoin. The minimum deposit for accounts on Moneta Markets is set at $200. When it comes to withdrawals, Moneta Markets processes all withdrawals through wire transfer.
Also, it is worth noting that Moneta Markets has a maximum first deposit limit of $1000 AUD or equivalent for card payments and a daily cap of $10000 AUD or equivalent per transaction, per card, per account.
There is also a bonus program where users can claim a 50% deposit bonus on funding their account with $500 or more. The deposit bonus can be claimed by filling a form after making the deposit. There is no limit to the number of times users the users can avail the promotion.
Customer Support
Moneta Markets has a very efficient customer support infrastructure in place to take care of all its customers’ queries and issues. It has a highly trained multilingual support team in place, available round-the-clock throughout the weekdays. The support team can be reached through multiple channels including live chat, over a phone call or by email to support@monetamarkets.com. In addition, the platform also has a comprehensive list of FAQs listed on its website which offers solutions to some of the most common issues raised by the customers.
Educational and Trading Resources
There is always some room to learn, and Moneta Markets knows it. As the trading platform is designed to accommodate the needs of both professional as well as novice traders, it has an extensive collection of training material. The informational resources available on the platform include a WebTrader video tutorial series that provides the necessary know-how to efficiently handle all the available features on Moneta Markets platform for much better and profitable trading experience.
The Market Masters Course offered on the platform us a premium course that is designed to help traders learn the basics of forex and stock markets along with advanced instructions on analyzing market data and trends, day trading, trading strategies etc. The video tutorial has over 100 videos and can be accessed by users making a deposit of $500 or more on their live trading account.
Apart from training material on the platform, the suite of trading tools, calculators, technical analysis insights, and live market updates through the WebTV and Moneta TV features ensures that each trader is armed with all the necessary information to make the best out of any existing market condition.
The demo account feature allows users to try the platform and put their learnings to practice before trading with real money.
Conclusion
In short, Moneta Markets is a regulated CFD brokerage platform offering access to various valuable trade instruments across global markets. The platform is easy to use, has strong security and support infrastructure, and an exhaustive list of assets. All these combined with educational resources make Moneta Markets suitable for everyone who wants to take a dip in CFD markets. Moneta Markets is a platform that is worth trying your hands on.