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Abstract:A statement was released by Moneta Markets in regards to the increase of their maximum leverage to 1000:1.
A statement from Moneta Markets
“We are continually striving to enhance and optimize our offering to customers, and after rising demand, and rigorous review from our risk department, the decision was taken to make 1000:1 leverage on Forex, Oil, Gold, and Indices products accessible to clients who desire to take advantage of it.”
“Of course, although leverage may be a terrific tool for those with knowledge and excellent money management skills, it can also be a double-edged sword for those who are less experienced or just starting out. As a result, the objective is that only customers who are aware of the possible consequences will opt to exercise the full available leverage.”
“We spent most of 2022 focusing on increasing our product offering in whatever manner we could. We expanded our product offering to over 1000 and worked hard to reduce client-side costs, whether via lower spreads, eliminating swap fees from our gold and crypto products, or fully eliminating commissions from all of our US Share CFDs. And, now that we've improved our available leverage, we believe our product offering puts us ahead of the competition. Of course, this is an ongoing process, and we will endeavor to improve in every manner we can in order to provide value to our customers.”
“There are lots in the pipeline for 2023, but currently our goal is the development of our unique mobile trading software for iOS and Android. Since the removal of the MetaQuotes App from the Apple Store, there has been a gap in what we have been able to offer our customers, and although building our own app has always been on the menu, the App Store issue has moved it up the priority list. It's going to be an interesting year for Moneta Markets as we try to build on the progress we saw in 2022, so stay tuned for more!”
Moneta Markets seems to have begun the year with a bang, after a great 2022. We are forward to seeing what 2023 brings, as the broker continues to disrupt the business.
About Moneta Markets
Moneta Markets is a multi-regulated FX and CFD brokerage with over 1000 FX pairs, Indices, Commodities, Cryptos, Share CFDs, and ETFs available on the popular MT4, MT5, and PRO Trader platforms.
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