Moneta Markets is a new Forex & Crypto CFD broker, that opened in February of 2020. Owned and operated by the Vantage Group, they are located at: 42 N Church St, 4th Floor, The Harbour Centre, George Town, Cayman Islands. Their phone numbers are: Australia toll free: 1300 945 517, UK: +442071008625, Canada: (888) 442-4106 and International: +61 2 8999 2044.
Customer support email is [email protected] Official brokers website is: https://MonetaMarkets.com.
Moneta Markets Broker Review
Our review of the brokers Moneta Market finds that they are a new brand, from the same company as VantageFX. With this new broker, they chose to use the PandaTS trading platform, which is a very simple and user friendly trading platform. Many brokers offer this trading platform, and the difference at Moneta is the spreads they are offering.
As with most CFD brokers, the spreads for trading Crypto Currency like Bitcoin, is $50. Margin rates on Bitcoin is 5:1. They offer trading on more than 250 underlying assets, with margin rates as high as 500:1.
Minimum initial deposit for a new trading account is $200, and you can easily get a Free demo trading account, see here.
Is Moneta Markets a Legit Broker?
The way we review a new broker is by checking to see if they display a license on their website. In the case of Moneta Markets, they are showing a license from the FCA and CIMA. They do not accept investors from Australia. It is always important to trade with a broker that is licensed and regulated in your country.
- Vantage Global Prime LLP is regulated by the FCA (Financial Conduct Authority) FRN 590299 in United Kingdom.
- Vantage International Group Limited is regulated by the Cayman Islands Monetary Authority (CIMA), license 1383491.
You can read reviews of more licensed Forex brokers, listed here.
If you are already investing with Moneta brokers, please share your experience with other people, in the comment section below.
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