Moneta Markets is a Forex & Crypto CFD broker, that opened in February of 2020. They operate from 3 different jurisdictions.
Owned and operated by Moneta Markets South Africa (Pty) Ltd, they are located at: 1 Hood Avenue, Rosebank, Johannesburg, Gauteng 2196, South Africa. Contact phone numbers is; United Kingdom: +441133204819. Customer support email is [email protected].
Official website is: https://MonetaMarkets.com.
Moneta Markets Review
Our review of the brokers Moneta Markets finds that they are a unique brokers that they chose to use the PandaTS trading platform, which is very simple and user friendly. Many other CFD brokers offer this trading platform, and the difference at Moneta is the spreads they are offering, and they are a regulated broker.
Experienced traders will find the popular MT4 and MT5 trading platform available in Desktop, and mobile versions. The spread on CFD trading of Crypto Currencies like Bitcoin is variable, and the Leverage / Margin rates offered on BTCUSD is up to 5:1.
Moneta offers CFD trading on more than 300 underlying assets in various categories, with margin rates as high as 500:1. Minimum deposit for a new trading account is $50, and you can easily get a Free demo trading account, see here.
Scam Trading Apps
We have reviewed many automated trading apps which claim to offer a free auto-trading system, to make easy money by trading CFDs. After registering for a trading app, they direct investors to offshore brokers that are not regulated.
What happens next, is that there is not trading software, and it was simple a ploy for you to signup at an offshore broker. When looking for automated trading solutions, check your options here.
Is Moneta Markets a Legit Broker?
Yes, Technically speaking Moneta Markets is a legit broker because they are licensed and registered in three countries.
- South Africa: Moneta Markets South Africa (Pty) Ltd, is licensed by the FSCA in South Africa with FSP license number 47490. Address: 1 Hood Avenue, Rosebank, Johannesburg, Gauteng 2196, South Africa.
- Australia: Moneta Markets Pty Ltd, is a corporate authorised representative of AGC Capital Securities Pty Ltd, which is regulated by the ASIC, with AFSL number 481024.
- International: Moneta LLC is registered with the Saint Vincent and the Grenadines FSA with registration number 2052 LLC 2022.
It is important for all investors to only trade with a broker that is licensed and regulated in your country. For example, if you are living in Australia you want to be using a broker that is licensed by ASIC. If you are living in Canada, then you want a broker that has an IIROC license.
If you are already investing with Moneta brokers, please share your experience with other people, in the comment section below.
You can read reviews of more licensed Forex brokers, listed here.
Compare Popular Brokers
There are hundreds of Forex brokers online, all trying to get you as a client. Depending on your style of trading, you may like the offering of these brokers.
ForTrade is a popular and fast growing broker, offering a choice of powerful trading platforms, see here. They are regulated by ASIC, IIROC or the FCA, and they offer Free Trading Signals on their web-based trading app. Get a Free Demo at: ForTrade.com.