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Score

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/10
The WikiFX Score of this broker is reduced because of too many complaints!

Moneta Markets

South Africa|5-10 years| Benchmark AAA|
Regulated in Seychelles|Retail Forex License|MT5 Full License|Global Business|Suspicious Overrun|Medium potential risk|Offshore Regulated|

https://www.monetamarkets.com

Website

Rating Index

Benchmark

Benchmark

AAA

Average transaction speed (ms)

339.1 Great

MT4/5

Full License

MonetaMarkets-Demo

United Kingdom
MT4
76

Influence

A

Influence index NO.1

Brazil 8.04
The WikiFX Score of this broker is reduced because of too many complaints!

Benchmark

Speed:AA

Slippage:B

Cost:AA

Disconnected:A

Rollover:AA

MT4/5 Identification

MT4/5 Identification

Full License

76
Server Name
MonetaMarkets-Demo MT4
Server Location United Kingdom

Influence

Influence

A

Influence index NO.1

Brazil 8.04
Surpassed 64.50% brokers
Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 (113) 3204819
support@monetamarkets.com
https://www.monetamarkets.com
Unit 7, 31 First Avenue East, Parktown North, Gauteng, Johannesburg, 2193, South Africa
VPS Standard
No restriction on the broker account

Single Core

1G

40G

1M*ADSL

WikiFX Risk Alerts
2025-02-21
  • This broker exceeds the business scope regulated by South Africa FSCA(license number: 47490)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!
3

Basic Information

Registered region
South Africa
Operating period
5-10 years
Company Name
Moneta Markets (Pty) Ltd
Abbreviation
Moneta Markets
Company employee
--
Customer Service Email Address
support@monetamarkets.com
Contact number
00441133204819
Company address
Unit 7, 31 First Avenue East, Parktown North, Gauteng, Johannesburg, 2193, South Africa
Keywords 11
5-10 years
Regulated in Seychelles
Regulated in South Africa
Retail Forex License
Financial Service Corporate
MT5 Full License
White label MT4
Global Business
Suspicious Overrun
Medium potential risk
Offshore Regulated

Edoardo

United Arab Emirates

I registered account 3046678 with Moneta and deposited $18360. After one month of trading, Moneta suddenly charged me $4459.43 Adiminstration Fee.

Exposure

2024-11-15

FX2713451314

Brazil

After a year of selling an automated trading service, Moneta and Nexobot left several clients without their profitability and without their life savings invested in Moneta PAMM accounts!!! They started selling in April 2023 and in May of this year (2024) they sent a very strange email to all clients stating that they blocked all accounts to stop losses. The result: millions of dollars stolen from many clients. I had $3700 and they deducted $80 from my account. There are users who claim to have lost their life savings, over $100 or $200 thousand dollars!!! It seems that at the time I signed up, Moneta offered insurance coverage of up to $250,000 for Moneta accounts, but I haven't seen my stolen $3700 anymore! A MILLION DOLLAR ROBBERY IN BRAZIL - BEWARE!

Exposure

2024-11-13

DANIEL6448

Brazil

If you lose your capital it's okay for that but if you make any high profit they will not let you withdraw. I lost 509 usd using my EA, no alert was issued by the broker, but when I adjusted my EA strategy and made profits, it quickly They rejected all my withdrawals. Stay away from this broker.

Exposure

2024-09-12

NandoMB

Brazil

Moneta Markets allowed the PAMM account manager (Capital Investing Strategies Ltd / NexoBot) to DISABLE the display of open trades (Floating Balance/Floating) on its interface, misleading everyone, as clients were unaware of these VERY negative open trades. Capital Investing Strategies Ltd (manager of the PAMM account) concealed this huge drawdown from the PAMM account's clients, so that they were unaware of the high financial commitment that existed and, since January 2024, had been making withdrawals difficult for clients, making them practically impossible. When we tried to make withdrawals from Moneta's PAMM account and the manager wouldn't authorize it, we asked them to intervene and take action on behalf of the clients, but they said they couldn't do anything. We believe that Moneta Markets is co-responsible for this disaster, as it allowed such relevant information to be hidden in its own system (PAMM account interface, with a virtual domain bearing its name). There was talk of a protection mechanism by NEXOBOT of up to $250,000.00 per account, this amount could be used by MONETA to compensate the clients who were harmed.

Exposure

2024-05-04

FX1448743152

Brazil

Moneta Markets allowed the PAMM account manager (NexoBot) to DISABLE the display of open trades (Floating Balance/Floating) on its interface, misleading everyone because clients were unaware of these VERY negative open trades. NexoBot (the manager of the PAMM account) hid this huge drawdown from the PAMM account's clients, so that they were unaware of the high financial commitment that existed and, since January 2024, had been making withdrawals difficult for clients, making them practically impossible. When we tried to make withdrawals from Moneta's PAMM account and the manager wouldn't authorize it, we asked them to intervene and take action on behalf of the clients, but they said they couldn't do anything. We believe that Moneta Markets is co-responsible for this disaster, as it allowed such relevant information to be hidden in its own system (PAMM account interface, with a virtual domain bearing its name).

Exposure

2024-05-04

FX1001236908

Brazil

Moneta Markets allowed the PAMM account manager (NexoBot) to DISABLE the display of open trades (Floating Balance/Floating) on its interface, misleading everyone because clients were unaware of these VERY negative open trades. NexoBot (the manager of the PAMM account) hid this huge drawdown from the PAMM account's clients, so that they were unaware of the high financial commitment that existed and, since January 2024, had been making withdrawals difficult for clients, making them practically impossible. When we tried to make withdrawals from Moneta's PAMM account and the manager wouldn't authorize it, we asked them to intervene and take action on behalf of the clients, but they said they couldn't do anything. We believe that Moneta Markets is co-responsible for this disaster, as it allowed such relevant information to be hidden in its own system (PAMM account interface, with a virtual domain bearing its name). There was talk of a protection mechanism by NEXOBOT of up to $250,000.00 per account, this amount could be used by MONETA to compensate the clients who were harmed.

Exposure

2024-05-04

visit quintelintelligenceltd7255

Australia

So, starting from October 26th, i tried to withdraw money but got rejected. They mentioned something about giving bonuses because of their activities, right? And then last week, i tried to withdraw your profits, there was a problem with the server, and the customer service gave a lot of excuses.

Neutral

2023-12-21

Singapore

Quick deposit and withdrawal service. The only issue was with its web-trader, which was especially problematic during peak trading hours. It is nearly hard to log onto the system. Even if you could log, execution was incredibly slow.

Neutral

2023-02-21

South Africa

Fast service with deposit and withdrawal. The only problem was with its web-trader, especially in busy hours with high trade volumes. It is almost impossible to log into system. Even if you can log, execution was extremely lagging.

Neutral

2023-02-21

闪客

Cyprus

Honestly, spreads are not the lowest, but I still trust this broker. Customer support team is extremely professional and responsive, helping me withdraw the funds very quickly.

Neutral

2022-12-16

Cuety

New Zealand

Moneta Markets International shines with its diverse market instruments and user-friendly trading platform, making it a top choice for traders seeking flexibility and efficiency.

Positive

2024-07-30

FX1482523789

Australia

Jumping into Moneta Markets was exciting with its low deposit requirement and high leverage. However, the lack of educational resources was a bit disappointing for a beginner like me.

Positive

2024-06-04

mohammad425

Iran

One of the best brokers that provides services in Iran and I am really happy to be working with this broker

Positive

2024-04-25

sdsadsa

Taiwan

A good friend recommended Moneta to give Moneta a try. The experience is quite good, the cost is low, and the transaction is smooth. I mainly do long-term transactions. I made two withdrawals and the funds were received quickly.

Positive

2023-10-26

金钱无眠

United States

The customer service is very professional and patiently answered my questions. The withdrawals arrived quickly. The environment is very stable, which is great.

Positive

2023-10-13

FX9940

United States

After using it for half a year, the trading experience is very good. The deposit and withdrawal speed are very fast. The most important thing is that the customer service is very enthusiastic and patient. I hope the platform will get better and better!

Positive

2023-10-12

华成返佣

United States

After a period of time, the experience is still good, whether it is UnionPay or digital currency deposits and withdrawals are very smooth. Their gold has no interest, which is good!

Positive

2023-03-14

papafriyo

Ghana

awesome spread, fast execution and ready to help

Positive

2023-02-20

HxIn

Cyprus

Quite a decent broker from Australia, pricing and execution were surprisingly good, no issues with deposits or withdrawals so far. Had some trouble with changing the leverage but that was sorted out pretty quickly, thanks Moneta Markets!

Positive

2023-02-14

DuyAnh0394932825

Vietnam

good

Positive

2023-01-19

21
Account Information
Funding
Related Software
Benchmark
Marketing Strategy
Biz Area
Website
Genealogy
Company Summary
Disclosure
News
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Benchmark

Average transaction speed(ms)
339.1 Great
The highest transaction speed(ms)
194
The highest speed of opening positions(ms)
194 Good
The highest speed of closing position(ms)
196 Good
The lowest speed of opening positions(ms)
1126 Great
The lowest speed of closing position(ms)
1152 Good
12.54USD/Lot Great
18.49USD/Lot Perfect
Long: -5.39USD/Lot    Short: 2.13USD/Lot Good
Long: -19.72USD/Lot    Short: 3.65USD/Lot
Average slippage
-0.1 Great
Maximum transaction slippage
2 Great
Maximum positive slippage
-1 Good
Maximum negative slippage
2 Great
Average disconnection frequency (times/day)
0.2 Perfect
Average reconnection time (millisecond/per request)
23.9
Ranking: 20 / 119
Test user 131
Orders 2,637
Ocuppied margin $659,655 USD
Data Source
WikiFX Data provide
Updated: 2025-02-20 01:00:00
Sources
Language
Mkt. Analysis
Creatives

Website

  • moneta-id.com

    Server Location

    United States

    Website Domain Name

    moneta-id.com

    Server IP

    104.21.16.1

  • monetamarketsvn.com

  • monetamarkets.sc

Company Summary

Moneta MarketsReview Summary
Founded2018-07-18
Registered Country/RegionSouth Africa
RegulationOffshore Regulated(FSA), Exceeded(FSCA)
Market InstrumentsForex, Indices, Commodities, Share CFDs, ETFS
Demo Account
LeverageUp to 1:1000
SpreadFrom 0.0 pips
Trading PlatformMobile: MetaTrader 5, MetaTrader 4, AppTraderWeb: PRO Trader
Min Deposit$50
Customer Support(24/5)Email: support@monetamarkets.com
Phone: +44(113)3204819(U.K), +61 2 8330 1233(International)
Live Chat
Facebook, Instagram, Twitter, YouTube, LinkedIn

Moneta Markets Information

Moneta Markets is a CFD broker that provides 1000+ of the most liquid currencies, indices, commodities, share CFDs, ETFs and more with PRIME ECN spreads from 0.0 pips! Traders can also access MetaTrader 5, MetaTrader 4, AppTrader, and PRO Trader platforms through Moneta Markets. The broker also provides a demo account.

Moneta Markets Information

Pros and Cons

Pros Cons
Spread as low as 0.0 pipsNo 24-hour customer support
Leverage up to 1:1000Offshore Regulated
MT4/MT5 availableSome negative voices: scam
Demo and Islamic account available
50% deposit bonus
24/5 customer support

Is Moneta Markets Legit?

Moneta Markets is authorized and offshore regulated by the Seychelles Financial Services Authority(FSA), with License No. is SD144 and the License Type is Retail Forex License, making it safer than unregulated. Financial Sector Conduct Authority(FSCA) regulates Moneta Markets. However, the 'Exceeded' current status is less safe than a regulated one.

Is Moneta Markets Legit?
Is Moneta Markets Legit?
Is Moneta Markets Legit?

What Can I Trade on Moneta Markets?

Moneta Markets offers 1000+ market instruments, including 44 FX Pairs, 16 Indices, 19 Commodities, 700+ Share CFDs, 30+ Crypto CFDs, 50+ ETFs, and 7 Bonds.

Tradable Instruments Supported
Forex
Commodities
Indices
Currencies
Share CFDs
ETFs
Bonds
What Can I Trade on Moneta Markets?

Account Type

Moneta Markets has three live account types: Direct STP, Prime ECN, and Ultra ECN. Traders who want low spreads and deposits can choose a Prime ECN account, while those with a sufficient budget can open an Ultra ECN account.

In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only. Muslims are allowed to open Islamic accounts without swaps.

Account Type Direct STPPrime ECNUltra ECN
PlatformPRO Trader, MetaTrader 4, MetaTrader 5, AppTrader
Range of Markets44 FX Pairs, 16 Indices, 19 Commodities, 700+ Share CFDs, 30+ Crypto CFDs, 50+ ETFs,7 Bonds
Minimum Deposit$50$50$20,000
Minimum Volume0.01 Lot0.01 Lot0.01 Lot
LeverageUp to 1:1000Up to 1:1000Up to 1:1000
Spreads from1.2 Pips0.0 Pips0.0 Pips
Commission$0$3 per lot per side$1 per lot per side
Islamic accountYESYESYES
Suitable forBeginnersScalpers and EAsProfessional traders andmoney managers
Stop out50%50%50%
HedgingYESYESYES

Moneta Markets Fees

The spread starts from 0.0 pips, the commission is from 0, and the swap is as low as zero. The lower the spread, the faster the liquidity.

Leverage

The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.

Leverage

Trading Platform

Traders can conduct financial activities in MT4, MT5, AppTrader, and PRO Trader. Both MT4 and MT5 provide various trading strategies and implement EA systems. Moneta Markets offers trading platforms for mobile and web versions.

Copy trading is also available, a way for inexperienced traders or followers who dont have the time to do extensive research or want to diversify their portfolio to copy the trades of experienced traders (also known as money managers or copy trading gurus).

Trading PlatformSupported Available Devices Suitable for
MetaTrader 5MobileProfessional traders
MetaTrader 4MobileJunior traders
AppTraderMobileAll traders
PRO TraderWebAll traders

Deposit and Withdrawal

The first deposit amount must be $50 or above. Moneta Markets accepts International EFT, Credit/Debit Cards (Visa and MasterCard), FasaPay, JCB, Sticpay, and more for deposit. Withdrawal will be processed within 1-3 business days.

Deposit and Withdrawal

Bonus

Traders who deposit $500 or more into their real account will receive a 50% bonus.

Keywords

  • 5-10 years
  • Regulated in Seychelles
  • Regulated in South Africa
  • Retail Forex License
  • Financial Service Corporate
  • MT5 Full License
  • White label MT4
  • Global Business
  • Suspicious Overrun
  • Medium potential risk
  • Offshore Regulated

News

Moneta Markets Introduces Game-Changing Cashback Bonus Promotion

News Moneta Markets Introduces Game-Changing Cashback Bonus Promotion

Discover Moneta Markets' innovative Cashback Bonus Promotion, a unique twist on standard Forex bonuses, offering active traders impressive rewards.

2023-08-11 16:13

“Moneta Markets is spreading its wings into Dubai”- Moneta Markets Founder and CEO

News “Moneta Markets is spreading its wings into Dubai”- Moneta Markets Founder and CEO

Moneta Markets Broker broadens its offerings in Dubai. Moneta Markets is beginning the next stage of its planned international growth. This significant achievement represents the beginning of an exciting new chapter in Moneta Markets' goal to become a major financial brokerage player in the Middle East region.

2023-07-19 19:35

Moneta Markets Launched Cutting-Edge Trading App

News Moneta Markets Launched Cutting-Edge Trading App

Moneta Markets, a major worldwide CFD brokerage, is announced the launch of Moneta Markets AppTrader, a cutting-edge trading app. The app bridges the gap between financial markets and traders globally and provides unique on-the-go access to over 1,000 FX pairs, Share CFDs, Indices, Commodities, Bonds, and ETFs, with ECN spreads starting at 0.0 pips.

2023-07-14 15:55

Moneta Markets Granted Seychelles FSA License: A Major Milestone in its International Growth Journey

News Moneta Markets Granted Seychelles FSA License: A Major Milestone in its International Growth Journey

Moneta Markets secures Seychelles FSA License, solidifying its global expansion drive. The move underscores commitment to client trust and secure financial services.

2023-06-26 15:45

Moneta Markets Has Just Increased Its Maximum Available Leverage To 1000:1

News Moneta Markets Has Just Increased Its Maximum Available Leverage To 1000:1

A statement was released by Moneta Markets in regards to the increase of their maximum leverage to 1000:1.

2023-01-16 16:55

Moneta Markets Bolsters Its Social Trading Offering With the Launch of Its Zulutrade Integration

News Moneta Markets Bolsters Its Social Trading Offering With the Launch of Its Zulutrade Integration

We caught up with the broker’s founder, David Bily, to chat about Moneta Markets’ partnership with Zulu.

2022-11-07 15:43

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