See our top-rated brokers for Best US Forex Brokers for 2020 Read Guide ×
ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure

Moneta Markets Review

Steven Hatzakis

Steven Hatzakis | September 9th, 2020

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.

As a new standalone brand within Vantage Group, Moneta Markets struggles to compete with the industry average in the core categories that are most important to forex and CFD traders.

Top Takeaways for 2020

Here are our top findings on Moneta Markets:

  • Moneta Markets has regulatory status in one tier-3 jurisdiction and is part of Vantage Group, which holds licenses in two tier-1 jurisdictions. These factors help make it a safer broker (average-risk) for forex and CFD trading.
  • With one account type and high average spreads, Moneta Markets is not a good choice for low-cost trading. Its WebTrader platform and related mobile AppTrader are rudimentary, and trading tools are not directly integrated.
  • Despite providing the Trading Central addon and offering branded Moneta TV daily video content, Moneta Markets lacks comprehensive, quality market research. With education, while I found over 100 videos in the Moneta Markets Masters Course, there is a distinct absence of in-depth written articles.

Special Offer:

Overall Summary

FeatureMoneta Markets
Overall 3 Stars
Trust Score79
Offering of Investments 3.5 Stars
Commissions & Fees 2.5 Stars
Platform & Tools 3 Stars
Research 3.5 Stars
Mobile Trading 3 Stars
Customer Service 0 Stars
Education 3 Stars

Is Moneta Markets Safe?

help 79
Trust Score

Moneta Markets is considered average-risk, with an overall Trust Score of 79 out of 99. Moneta Markets is not publicly traded and does not operate a bank. Moneta Markets is authorised by two tier-1 regulators (high trust), zero tier-2 regulators (average trust), and one tier-3 regulator (low trust). Moneta Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA). Learn more about Trust Score.

Regulations Comparison

FeatureMoneta Markets
Year Founded2009
Publicly Traded (Listed) No
Bank No
Tier-1 Licenses2
Tier-2 Licenses0
Tier-3 Licenses1
Trust Score79

Offering of Investments

The following table summarizes the different investment products available to Moneta Markets clients:

FeatureMoneta Markets
Forex: Spot Trading Yes
Currency Pairs (Total Forex pairs)49
CFDs - Total Offered304
Social Trading / Copy-Trading No
Cryptocurrency traded as actual No
Cryptocurrency traded as CFD Yes

Commissions & Fees

With just one universal account available, there are not any options to choose from for accounts and related pricing at Moneta Markets. The average spreads at Moneta Markets for the EUR/USD pair stand at 1.3 pips for July 2020. This pricing means that Moneta Markets is not a low-cost broker for forex trading, especially compared to the best forex brokers.

FeatureMoneta Markets
Minimum Initial Deposit$200.00
Average Spread EUR/USD - Standard1.3 (July 2020)
All-in Cost EUR/USD - Active1.3 (July 2020)
Active Trader or VIP Discounts No

Platforms & Tools

The Moneta Markets WebTrader is powered by PandaTS, a technology developer that caters to the retail forex industry. The WebTrader layout is clean and not overly crowded with features, but also severely lacks depth. For example, there are just three watchlist columns available. Also, news and related headlines for various symbols are absent for the WebTrader experience.

Trading tools: The few tools offered on WebTrader, such as Market Buzz and Featured Ideas (Trading Central), are not integrated and simply redirect to open in an external link. Likewise, the Economic Calendar also opens externally. Incorporating these tools within the platform is crucial long term so that traders can stay focused on the markets. Full integration would provide a measurably smoother WebTrader experience.

Platform usability: The first thing I noticed on the WebTrader platform is the smooth HTML5 that is now the industry standard for web-based trading apps. The platform is also incredibly easy to navigate. And while beginners may find the WebTrader platform suitable for their needs, more demanding traders will not. For example, complex order types such as a trailing stop-loss are not available on WebTrader.

Charting: Charts were just "okay," providing six types, ten drawing tools, 48 indicators, and nine timeframes. The panning and zooming were less smooth than I expected but not terrible, such as when using the dedicated zoom buttons, and not my mouse. When it comes to charting, brokers such as FOREX.com and eToro provide a more comprehensive charting package.

Sentiment data: The Trader's Trend section below the order ticket displays sentiment. However, beyond a percentage ratio of bears to bulls, there are no further details. For comparison, CMC Markets shows the sentiment of not just all but also its most successful traders, and with the percentage change for the day.

Gallery

FeatureMoneta Markets
Virtual Trading (Demo) Yes
Proprietary Platform No
Desktop Platform (Windows) No
Web Platform Yes
Social Trading / Copy-Trading No
MetaTrader 4 (MT4) No
MetaTrader 5 (MT5) No
cTrader No
Charting - Indicators / Studies (Total)48
Charting - Drawing Tools (Total)10
Charting - Trade From Chart No
Watchlists - Total Fields3
Order Type - Trailing Stop No

Research

Moneta Markets offers research content almost entirely from third-party sources with few, if any, in-house content, besides videos from its Moneta TV series.

In-house articles: Adding more in-house content and written articles would help balance Moneta Markets research offering, as it otherwise falls behind research leaders Saxo Bank and IG. For example, technical analysis commentary is automated and streams from newsfactorycalendar.com, making it far less impactful than human-powered editorial.

Video Content: Daily market briefings are available on the broker's YouTube channel under the Moneta TV series, and Web TV powered by Trading Central. Both video series follow a template that is consistent each day with a high-level overview of key market movements. I found the videos plain yet useful for quick snippets as they are short and easy to digest. Integrating these into the platform would make it easier for traders to consume as they are otherwise separated on the Moneta Markets website.

Trading Central: Moneta Markets provides several third-party research tools, namely from Trading Central. Clients with more than $500 get access to Market Buzz, Featured Ideas, and the Economic Calendar. For comparison, some of the best forex brokers offer such content and premium tools for all live account holders. Furthermore, these tools can be far more useful by being directly integrated into the trading platform.

Gallery

FeatureMoneta Markets
Daily Market Commentary Yes
Forex News (Top-Tier Sources) Yes
Weekly Webinars No
AutoChartist No
Trading Central (Recognia) Yes
Delkos Research No
Social Sentiment - Currency Pairs Yes
Economic Calendar Yes

Education

Moneta Markets doesn't offer much in terms of education beyond the videos available in its Masters Course, which covers multiple asset classes. On that note, the Masters Course does a good job covering many topics and categories with brief video clips for beginners, and longer videos for more advanced concepts.

Masters Course videos: There are a total of 114 videos that are each a few minutes to just under ten minutes at most. I found many of them useful. Moneta Markets needs to add more content to its YouTube channel (i.e., archived webinars) to expand its educational offering to help fill the gap in this category.

Gallery

Mobile Trading

For mobile trading, the Moneta Markets AppTrader is available on Google Play for Android, and on the AppStore for Apple iOS devices. AppTrader is developed by PandaTS, the same developer that helps power the broker's web platform.

AppTrader: Overall, there is substantial room for improvement for the AppTrader mobile app, such as adding features found on the web version to more closely unify the experience across devices.

Charting: AppTrader charts appear to resemble the web, except there are no indicators available or drawing tools, and watchlists do not sync with the web version. For comparison, Saxo Bank and TD Ameritrade (US-citizens only) are examples of brokers that have nearly perfected syncing the experience across devices where even trend-lines sync on mobile.

Gallery

FeatureMoneta Markets
Android App Yes
Apple iOS App Yes
Trading - Forex Yes
Trading - CFDs Yes
Alerts - Basic Fields No
Watch List Yes
Watch List Syncing No
Charting - Indicators / Studies0
Charting - Draw Trend Lines No
Charting - Trend Lines Moveable No
Charting - Multiple Time Frames Yes
Charting - Drawings Autosave No
Forex Calendar No

Final Thoughts

Moneta Markets is a Cayman Islands regulated broker that is backed by its larger parent, Vantage Group, which is regulated in tier-1 jurisdictions.

Testing Moneta Markets left me with a clear takeaway: the broker needs work if it wants to compete with the best forex brokers. Moneta Markets trails industry leaders across all core categories, including cost, trading platform and tools, research, education, and mobile trading.

About Moneta Markets

Moneta Markets is a brand of Vantage International Group Limited. Moneta Markets holds its client's funds at National Australia Bank (NAB), as part of its Cayman Islands offering regulated by the Cayman Islands Monetary Authority (CIMA). It was founded in 2019 and is part of the Vantage Group of companies. With entities that hold regulatory statuses in Australia and the United Kingdom, the group has a history since 2009 (see our Vantage FX review for more).

Moneta Markets Trading Features

FeatureMoneta Markets
Virtual Trading (Demo) Yes
Proprietary Platform No
Desktop Platform (Windows) No
Web Platform Yes
Social Trading / Copy-Trading No
MetaTrader 4 (MT4) No
MetaTrader 5 (MT5) No
cTrader No
Charting - Indicators / Studies (Total)48
Charting - Drawing Tools (Total)10
Charting - Trade From Chart No
Watchlists - Total Fields3
Order Type - Trailing Stop No

Moneta Markets Research Features

FeatureMoneta Markets
Daily Market Commentary Yes
Forex News (Top-Tier Sources) Yes
Weekly Webinars No
AutoChartist No
Trading Central (Recognia) Yes
Delkos Research No
Social Sentiment - Currency Pairs Yes
Economic Calendar Yes

Moneta Markets Mobile App Features

FeatureMoneta Markets
Android App Yes
Apple iOS App Yes
Trading - Forex Yes
Trading - CFDs Yes
Alerts - Basic Fields No
Watch List Yes
Watch List Syncing No
Charting - Indicators / Studies0
Charting - Draw Trend Lines No
Charting - Trend Lines Moveable No
Charting - Multiple Time Frames Yes
Charting - Drawings Autosave No
Forex Calendar No

Forex Risk Disclaimer

"There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." Learn more.


Steven Hatzakis

About the author: Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.

Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

The names, products, services, branding/logos, and other trademarks or images featured or cited within this Website (www.forexbrokers.com) are the property of their respective owners and the owners retain all legal rights therein. These trademark holders are not affiliated with ForexBrokers.com and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses ForexBrokers.com or any of its reviews, products, or services. ForexBrokers.com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated.

arrow_drop_upBack to top