Are you planning to set foot into Forex trading and came across the name of Moneta Markets in your research? It is a well known broker but is it reliable? Is it worth investing your funds into? To learn more about Moneta Markets South Africa and whether it reaches up to the mark of your desired broker, continue reading!
About Moneta Markets
Moneta Markets is an online trading broker founded in 2021, by Vantage International Group Limited, and based in the Cayman Islands. It is the result of an effort to provide retail and worldwide customers with easy and transparent market access
Moneta Markets has over 300 financial instruments that can be traded through its desktop and mobile trading platforms. The broker’s goal is to provide excellent services to merchants around the world. It is known for providing the most advanced CFD trading platform on the web, in addition to offering clients the best possible service.
Is Moneta Markets safe?
The safety and security of a client’s funds is the most important feature a broker provides. To test the waters, it is important to know which authorized regulators are checking the activities of a broker. As a brand of Vantage International Group Limited, Moneta Markets has rules and authentication from its head company, which is regulated and authorized by the Cayman Islands Monetary Authority or CIMA and the Securities Investment Act (SIBL) 1383491.
Vantage is approved and regulated by the Financial Conduct Authority or FCA, one of the strictest regulatory bodies in forex trading.
Accounts and Leverages
Leverage is a tool that allows traders to open more positions while giving traders better access to the markets they trade in, regardless of their initial deposits. Moneta Markets offers traders a maximum leverage of 1: 500.
The maximum leverage depends on the instrument being traded.
A Forex account is an account held by a trader of a broker that trades financial instruments. Moneta Markets offers only one CFD account for all sellers. There are no account opening or administration fees for this account. Also, there is no fee charged for the use of this account.
Fees
Moneta Markets offers an initial spread, typically a EUR / USD 1.1 loss, which requires a minimum initial investment of $ 200 when you sign up for a live trading account.
Moneta Markets does not charge investment and withdrawal fees, but international transfers may raise charges with financial institutions in addition to those required by the broker’s financial institution.
Trading instruments
Moneta Market offers two trading platform options. Set of MetaTrader platforms (MT4 and MT5) created by MetaQuotes Software Corporation are available, as well as the Moneta Markets WebTrader application that runs the PandaTS platform.
The WebTrader format is clean and doesn’t have too many features, for example, only three checklist columns are available. In addition, WebTrader provides relevant news and headlines for various symbols.
Conclusion
Moneta market is one of the latest brokers with excellent services. From their reliable security insurance to other features like leverages, fees, trading instruments, it is one of the best deals out there!
