Moneta Markets Review

Active forex and CFD traders

FCA ASIC FSCA FSA FSC

Founded 2020 · United Arab Emirates

Why investors choose this broker

Regulated by FCA and ASIC alongside three additional regulators
Client funds held in segregated accounts with Lloyds insurance
ECN spreads from 0.0 pips with low $50 minimum deposit
Over 1,000 tradable instruments across multiple asset classes

Review summary

Moneta Markets is a multi-asset CFD broker founded in 2020, offering 1,000+ instruments across forex, indices, shares, commodities, ETFs, crypto, and bonds via MT4, MT5, and AppTrader.

Pros

Regulated by FCA and ASIC alongside three additional regulators
Client funds held in segregated accounts with Lloyds insurance
ECN spreads from 0.0 pips with low $50 minimum deposit
Over 1,000 tradable instruments across multiple asset classes
No deposit or inactivity fees
MT4 and MT5 plus proprietary AppTrader mobile platform
Negative balance protection
Copy trading available via DupliTrade and ZuluTrade

Cons

Demo account limited to 30 days
Best ECN pricing (Ultra ECN) requires $20,000 minimum deposit
Subsequent bank transfer withdrawals cost $20 per transaction
Not available to US residents
Some educational and research tools are gated behind a funded account requirement
Offshore FSA (Seychelles) entity offers weaker regulatory protections
Original ProTrader platform discontinued; replacement ProTrader V2 had not launched as of early 2026

Company background

Moneta Markets is a forex and CFD broker that launched in mid-2020 as a spinoff from the Vantage Group, becoming fully independent in August 2022 when it secured new investor backing and obtained its own ASIC licence. The broker operates through five regulated entities covering the UK, Australia, South Africa, Seychelles, and Mauritius. CEO David Bily, previously Chief Marketing Officer at Vantage, led the separation. Since launch, the broker has grown to serve over 70,000 active clients across Southeast Asia, Africa, Latin America, and the Middle East.

Moneta Markets offers more than 1,000 CFD instruments across forex (66+ pairs), share CFDs (800+), indices (33), commodities (23), ETFs (57), cryptocurrencies (59), and bonds (7). The broker does not offer direct ownership of underlying assets; all products are traded as CFDs or spot forex contracts.

Fees and pricing

Moneta Markets offers three live account types. The Direct STP account has no commission and spreads starting from 1.2 pips with a $50 minimum deposit. The Prime ECN account charges $3 per lot per side (a $6 round-turn), delivers raw spreads from 0.0 pips, and also requires $50 minimum. The Ultra ECN account cuts the commission to $1 per lot per side ($2 round-turn) but requires a $20,000 minimum deposit. US share CFDs carry $0 commission; UK and EU share CFDs charge 0.1% of nominal value. Index CFD spreads are built into the quote, with the S&P 500 from 0.6 pips on ECN accounts.

There are no account opening, deposit, or inactivity fees. The first bank transfer withdrawal each month is free; subsequent bank transfer withdrawals cost the equivalent of $20 in account currency. Card and e-wallet withdrawals carry no fee. Overnight swap fees apply to positions held past the daily rollover, though an Islamic swap-free account is available.

Regulation and safety

Moneta Markets operates through five regulated entities. In the UK, Moneta Markets Capital Ltd holds FCA authorisation (FRN 613381), giving eligible clients access to FSCS protection. In Australia, Moneta Markets Pty Ltd is authorised by ASIC. In South Africa, the broker holds FSCA licence 47490. An FSA (Seychelles) licence (SD144) and an FSC (Mauritius) licence (GB24203391) cover international clients. Client funds are held in segregated accounts at tier-one banks and covered by Lloyds of London client fund insurance. Negative balance protection is offered across all account types.

Platform experience

Moneta Markets supports MetaTrader 4 and MetaTrader 5, both available for desktop, web, and mobile. MT5 adds extended timeframes, market depth data, an integrated economic calendar, and broader instrument coverage. The broker's proprietary AppTrader is a mobile-first platform for iOS and Android, featuring live trading signals, AI Market Buzz commentary, over 50 technical indicators, an economic calendar, and push notifications. A web-based trading portal is also available. Copy trading is offered through DupliTrade and ZuluTrade integrations. A free demo account is available but expires after 30 days.

Pros and cons

Moneta Markets suits active CFD and forex traders who want multi-regulator oversight, ECN pricing from $50, and copy trading. Key trade-offs are the 30-day demo limit, a $20,000 minimum for the lowest commission tier, and weaker protections for clients on the offshore Seychelles entity.

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Open an account directly with the broker. Confirm current fees and account eligibility on the broker's website before depositing.

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Your capital is at risk. Other fees apply.

Trading fees & commissions

No account opening, deposit, or inactivity fees. The Direct STP account charges no commission with spreads from 1.2 pips; the Prime ECN account charges $3 per lot per side with raw spreads from 0.0 pips; the Ultra ECN account charges $1 per lot per side with a $20,000 minimum deposit.

Fees

Item	Fee
Cfds	Index CFDs: spread-only pricing (e.g. S&P 500 from 0.6 on ECN); share CFDs: 0.1% of nominal value for UK and EU shares, $0 commission on US share CFDs
Crypto	CFD-only; spread-based pricing, no separate commission line
Margin	Overnight swap fees apply; swap-free Islamic account available
Account	No account opening fee
Deposit	No deposit fee
Inactivity	No inactivity fee
Withdrawal	First bank transfer withdrawal per month free; subsequent bank transfer withdrawals cost 20 units of account currency (e.g. $20); card and e-wallet withdrawals free
Minimum Deposit	$50 for Direct STP and Prime ECN; $20,000 for Ultra ECN

Trading platform & features

Platforms

MetaTrader 4
MetaTrader 5
AppTrader
Web app
iOS app
Android app

Regulation and investor protection

Moneta Markets operates through entities regulated by the FCA (UK), ASIC (Australia), FSCA (South Africa), FSA (Seychelles), and FSC (Mauritius). Client funds are held in segregated accounts at tier-one banks and backed by Lloyds of London client fund insurance.

Broker FAQs

Is Moneta Markets safe?

Is Moneta Markets a scam?

No. Moneta Markets is regulated by the FCA in the UK and ASIC in Australia, both considered tier-one regulators, alongside the FSCA, FSA, and FSC in other jurisdictions.

Is Moneta Markets regulated and by whom?

Yes. Moneta Markets entities are authorised or licensed by the FCA (UK, FRN 613381), ASIC (Australia), FSCA (South Africa, licence 47490), FSA (Seychelles, SD144), and FSC (Mauritius, GB24203391).

Does Moneta Markets keep client funds in segregated accounts?

Yes. Moneta Markets states that client funds are held in segregated accounts at tier-one banks, separate from company operating funds, and are covered by Lloyds of London client fund insurance.

What happens to my money if Moneta Markets goes bankrupt?

Clients served under the FCA entity may be eligible for FSCS protection up to GBP 85,000. Clients under other entities rely on segregated account protections and the Lloyds of London insurance arrangement, as offshore licences do not provide government-backed compensation schemes.

What products does Moneta Markets offer?

Moneta Markets offers over 1,000 CFD instruments including forex (66+ pairs), share CFDs (800+), indices (33), commodities (23), ETFs (57), cryptocurrencies (59), and bonds (7). All products are CFDs or spot forex contracts; there is no direct ownership of underlying assets.

Does Moneta Markets offer stock trading?

Moneta Markets offers share CFDs on over 800 companies. These are contracts for difference, not direct ownership of shares.

Does Moneta Markets offer crypto trading?

Yes. Moneta Markets offers around 59 cryptocurrency CFDs. These are CFD instruments, not direct purchases of cryptocurrency.

Does Moneta Markets offer forex trading?

Yes. Moneta Markets offers over 66 forex pairs with ECN spreads from 0.0 pips on the Prime ECN and Ultra ECN accounts.

What are Moneta Markets' account types?

Moneta Markets offers three live account types: Direct STP (spreads from 1.2 pips, no commission, $50 minimum), Prime ECN (spreads from 0.0 pips, $3 per lot per side, $50 minimum), and Ultra ECN (spreads from 0.0 pips, $1 per lot per side, $20,000 minimum). An Islamic swap-free account is also available.

What does Moneta Markets charge for forex trades?

On the Direct STP account, forex trades carry no commission with spreads from 1.2 pips. On Prime ECN, the commission is $3 per lot per side ($6 round-turn) with raw spreads from 0.0 pips. On Ultra ECN, the commission is $1 per lot per side ($2 round-turn) with the same raw spreads.

Is there a withdrawal fee at Moneta Markets?

The first bank transfer withdrawal per calendar month is free. Subsequent bank transfer withdrawals in the same month cost the equivalent of 20 units of account currency (e.g. $20 or EUR 20). Card and e-wallet withdrawals carry no fee.

Does Moneta Markets charge an inactivity fee?

No. Moneta Markets does not charge an inactivity fee.

Does Moneta Markets charge a deposit fee?

No. Moneta Markets does not charge deposit fees, though intermediary banks may apply their own charges on international wire transfers.

Does Moneta Markets have a demo account?

Yes. Moneta Markets offers a demo account, but it expires after 30 days. Demo accounts are available for Direct STP and Prime ECN account types.

Does Moneta Markets have a mobile app?

Yes. Moneta Markets offers its proprietary AppTrader for iOS and Android, and MT4 and MT5 mobile applications are also available through the App Store and Google Play.

Is Moneta Markets good for beginners?

Moneta Markets offers a $50 minimum deposit, a demo account, copy trading via DupliTrade and ZuluTrade, and educational materials. However, the demo account is limited to 30 days and some tools are gated behind a funded account.

Is Moneta Markets good for long-term investing?

Moneta Markets is primarily a CFD and forex broker; it does not offer direct ownership of shares, ETFs, or bonds. Long-term investors seeking actual asset ownership would need to consider a different broker type.

Bottom line

Moneta Markets suits users who want a multi-regulated CFD and forex broker with competitive ECN pricing, a broad instrument range, and copy trading integrations accessible from a low $50 minimum deposit. It may not suit users who want to own underlying assets directly, need a demo account without a time limit, or require access as a US resident.

Moneta Markets

Active forex and CFD traders

Open Account

Your capital is at risk. Other fees apply.