The Moneta Markets Decision Map
| Decision Question | FxFind Finding |
|---|---|
| Main reason to consider it | Three account types offer commission-free or raw-spread pricing, with MT4, MT5, proprietary platforms and copy trading. |
| Main limitation | Pricing, leverage and protections depend on account type and the legal entity serving the client; share access is through CFDs. |
| Most natural fit | Forex and CFD traders comparing account pricing, using MetaTrader automation or considering copy-trading tools. |
| Relevant account/platform setup | Direct STP and Prime ECN start at $50; Ultra ECN starts at $20,000. All three list ProTrader, MT4, MT5 and AppTrader. |
| FxFind Rating | 7.95/10 |
View the FxFind rating breakdown
| Category | Score |
|---|---|
| Trust and Safety | 7.2/10 |
| Fees and Commissions | 8.5/10 |
| Deposits and Withdrawals | 8.5/10 |
| Tradable Instruments | 8.0/10 |
| Setup | 8.5/10 |
| Account Opening | 9.0/10 |
| Customer Support | 8.0/10 |
| Trading Conditions | 8.5/10 |
| Market Research and Education | 7.0/10 |
The key question is whether the account-specific pricing and entity terms suit your trading needs. The headline offer does not apply equally to every client or account.
Pros
-
Direct STP and Prime ECN accounts have a $50 minimum deposit, with a choice between zero commission and raw spreads with per-side commission.
-
MT4 and MT5 support desktop Expert Advisors. Copy-trading options include Moneta CopyTrader, ZuluTrade and DupliTrade.
-
The broker offers several deposit and withdrawal methods and charges no internal deposit fee.
Cons
-
Ultra ECN requires a $20,000 minimum deposit.
-
Leverage and client protections depend on the entity serving the account; UK retail forex leverage is capped at 1:30.
-
Share products are CFDs, not ownership of the underlying shares.
Moneta Markets by Client Region and Legal Entity
Legal Entities by Client Region
| Client Location / Group | Contracting Entity | Regulator | Licence | What Changes for the Client |
|---|---|---|---|---|
| United Kingdom clients | Moneta Markets Capital Ltd | FCA | 613381 | The FCA framework applies to UK clients served by this entity. Other Moneta group entities are separate and are not FCA-regulated for UK accounts. |
| South African clients or clients routed to the South African entity | Moneta Markets South Africa (Pty) Ltd | FSCA | 47490 | The South African FSCA framework applies. Whether the entity acts as product issuer or intermediary affects the protections and product terms. |
Protection by Entity
Moneta Markets reports that client funds are segregated and negative balance protection is available. Protections depend on the entity serving the account. UK clients registered under the FCA-regulated entity are covered by the FSCS up to £85,000 in the event of broker insolvency. The broker also reports client fund insurance backed by Lloyd's of up to $1,000,000. This is distinct from the FSCS scheme and should not be treated as equivalent statutory compensation.
The broker also operates in Mauritius and the United Arab Emirates. Those jurisdictions are not represented in the two client-specific entity rows above, so clients outside the UK and South Africa should establish which entity serves their account and which protections apply.
Corporate Transparency and Ownership
Founded in 2016, Moneta Markets is not publicly traded.
Trading Costs by Account and Instrument
Representative Trading Costs
| Instrument | Spread Basis | Commission | Important Condition |
|---|---|---|---|
| EUR/USD | 1.36 pips average spread | Direct STP: $0; Prime ECN: $3 per lot per side; Ultra ECN: $1 per lot per side | The average spread is not identified by account. Direct STP spreads start from 1.2 pips; Prime ECN and Ultra ECN spreads start from 0.0 pips. |
| GBP/USD | 1.76 pips average spread | Direct STP: $0; Prime ECN: $3 per lot per side; Ultra ECN: $1 per lot per side | The average spread is not identified by account. Account commissions and advertised minimum spreads are different pricing measures. |
| Gold (XAU/USD) | 2.65 points average spread | Direct STP: $0; Prime ECN: $3 per lot per side; Ultra ECN: $1 per lot per side | The average spread is not identified by account. Commissions are charged per lot per side. |
| S&P 500 CFD | 2.99 points average spread | Direct STP: $0; Prime ECN: $3 per lot per side; Ultra ECN: $1 per lot per side | The average spread is not identified by account. Commissions are charged per lot per side. |
Direct STP includes trading costs in wider spreads and charges no commission. Prime ECN and Ultra ECN offer raw spreads from 0.0 pips with commissions; a round-turn trade incurs two sides of the stated per-side commission. Account minimums and Ultra ECN leverage are separate from trading costs.
Costs Outside the Trade
| Trader Behavior | Possible Cost | Broker Rule |
|---|---|---|
| Holding positions overnight | Swap charge or credit | Swap depends on instrument, position direction, size and published rate. Swap-free accounts instead incur a flat daily administration fee. |
| Leaving an account inactive | No inactivity fee | Moneta Markets does not charge an account dormancy or inactivity fee. |
| Making multiple bank-wire withdrawals in one month | $20, or 20 units of the account's base currency, for each additional monthly wire withdrawal | The first bank-wire withdrawal each month is free. Card and e-wallet withdrawals are described as free of broker fees. |
| Depositing or trading in a currency different from the account base currency | Possible conversion charge | A bank or payment provider may charge for deposit conversion; trading conversion includes the liquidity-provider exchange rate plus a markup. |
| Depositing funds | No internal broker deposit fee | Intermediary bank, payment-provider and currency-conversion charges may still apply. |
Account type determines the main spread-and-commission trade-off. Overnight financing and currency conversion can add costs independently of the quoted spread. Clients making more than one wire withdrawal a month should also account for the additional fee.
Key Trade-Offs to Consider
Raw spreads require a different cost calculation
Prime ECN and Ultra ECN advertise spreads from 0.0 pips and charge commission per lot per side. Direct STP charges no commission, with spreads starting from 1.2 pips. Compare spread and commission together; Ultra ECN's lower commission comes with a $20,000 minimum deposit.
High leverage is not available on every Moneta account
Some international accounts offer leverage up to 1:1000, but UK retail traders are capped at 1:30 and Ultra ECN lists leverage up to 1:500. Traders sizing positions around the headline maximum should note that the account entity, instrument and applicable limits determine the usable amount.
Broad market access is primarily derivative exposure
Moneta offers forex, share CFDs, indices, commodities, bonds, cryptocurrencies, ETFs and other markets. Share CFDs do not confer ownership or voting rights, and crypto access varies by entity and jurisdiction. A CFD listing may not meet the needs of traders seeking underlying share ownership or a particular crypto product.
Build a Trading Setup
Account and Platform Compatibility
| Account | Compatible Platforms | Pricing Model | Automation | Important Constraint | Natural Use Case |
|---|---|---|---|---|---|
| Direct STP | ProTrader, MT4, MT5, AppTrader | Spreads from 1.2 pips; $0 commission | MT4 Expert Advisors and MT5 Expert Advisors are supported on desktop or VPS environments. | $50 minimum deposit. Full EA and custom-code features are desktop/VPS-centric. | Traders preferring a commission-free account structure. |
| Prime ECN | ProTrader, MT4, MT5, AppTrader | Raw spreads from 0.0 pips; $3 per lot per side | MT4 Expert Advisors and MT5 Expert Advisors are supported on desktop or VPS environments. | $50 minimum deposit; per-side commissions apply. | Active traders comparing raw-spread pricing with commission. |
| Ultra ECN | ProTrader, MT4, MT5, AppTrader | Raw spreads from 0.0 pips; $1 per lot per side | MT4 Expert Advisors and MT5 Expert Advisors are supported on desktop or VPS environments. | $20,000 minimum deposit; leverage up to 1:500. | High-volume traders considering the lower stated commission. |
Platform-Specific Differences
MT4 and MT5 are available on desktop, web and mobile. Their full Expert Advisor, custom-code and testing environments are desktop/VPS-centric; browser and mobile versions focus on trading and monitoring. ProTrader is a proprietary TradingView-powered platform with charting and more than 100 technical indicators, but its web, desktop and mobile variants are not established here. AppTrader is mobile-only, while CopyTrader is a mobile copy-trading app rather than a custom-coded strategy engine.
Moneta Markets also supports cTrader Open API, which connects custom applications to market data and trade execution within the cTrader ecosystem. Free HokoCloud VPS hosting is available by reimbursement to qualifying clients who maintain at least $500 in their account, trade a minimum of 5 FX lots or equivalent in a calendar month, and submit the monthly opt-in form. The service supports MT4 and MT5 automated trading.
Practical Setup Assessment
Manual traders can use MetaTrader or Moneta's proprietary platforms. For automated strategies, MT4 and MT5 support Expert Advisors, while cTrader users can access an Open API. Copy trading is available through Moneta CopyTrader, ZuluTrade and DupliTrade; Moneta CopyTrader requires a $200 minimum deposit. PAMM and MAM solutions are also available for managed trade allocation.
Trading Conditions and Position Management
Entering the Market
Scalping, hedging and algorithmic trading are allowed. Fast-moving or highly volatile markets can cause slippage, making the final execution price better or worse than requested. Moneta prohibits abusive practices such as sniping, arbitrage based on off-market pricing and exploiting technical quoting errors.
Leverage
| Market | Maximum Retail Leverage | Professional / Other Eligible Leverage | What Determines It |
|---|---|---|---|
| Forex | 1:1000 | - | International-offering maximum; UK retail accounts are capped at 1:30. Limits can fall with larger positions, volatility, news or another legal entity. |
| Indices | 1:1000 | - | International-offering maximum; limits can fall with larger positions, volatility, news or another legal entity. |
| Commodities | 1:1000 | - | International-offering maximum; limits can fall with larger positions, volatility, news or another legal entity. |
| Stocks | 1:33 | - | Share CFDs; limits can fall with larger positions, volatility, news or another legal entity. |
| Bonds | N/A | - | Not applicable for the stated market/status. |
| Cryptocurrencies | N/A | - | Not applicable for the stated market/status. |
| Other | 1:1 | - | Includes ETFs, futures, options and other markets; cited ETF products are real and unleveraged. Treatment varies by instrument, platform, account or entity. |
The maximum is not a recommended position size. Account type also matters: Ultra ECN lists leverage up to 1:500, while Direct STP and Prime ECN list up to 1:1000.
Margin Calls and Stop-Outs
The margin call level is 50%, and the stop-out margin level is 20%. Moneta Markets may close open contracts if margin requirements are not met.
Trading Restrictions
| Trading Activity | Status | Important Conditions |
|---|---|---|
| Scalping | Allowed | Abusive practices such as sniping, off-market-price arbitrage and exploiting quoting errors are prohibited. |
| Hedging | Allowed | Permitted across major forex and CFD instruments; adequate free margin is required. Abusive hedging or certain multi-account arbitrage strategies are prohibited. |
| Expert Advisors and algorithmic trading | Allowed | MT4 and MT5 support EAs on desktop or VPS environments. VPS reimbursement requires specified account-balance, trading-volume and monthly opt-in conditions. |
| API trading | Available | MT5 supports MQL5 automation; cTrader Open API is available within the cTrader ecosystem. |
| News trading | Generally allowed on standard accounts | News trading intended to exploit volatility is prohibited on accounts using promotional credit bonuses. |
Tradable Markets: Range and Restrictions
| Asset Class | Approx. Instruments | What Is Notable | Main Restriction / Gap |
|---|---|---|---|
| Forex | 45 | Margin FX trading; swaps may apply. | Maximum can fall at larger position sizes, during volatility or news, or under another legal entity. No separate professional/eligible-client leverage tier is stated for this offering. |
| Indices | 25 | Cash- and futures-referenced index derivatives. | Maximum can fall at larger position sizes, during volatility or news, or under another legal entity. No separate professional/eligible-client leverage tier is stated for this offering. |
| Commodities | 15 | Spot- and futures-referenced commodity derivatives. | Maximum can fall at larger position sizes, during volatility or news, or under another legal entity. No separate professional/eligible-client leverage tier is stated for this offering. |
| Stocks | 844 | Share CFDs; no ownership or voting rights. | Maximum can fall at larger position sizes, during volatility or news, or under another legal entity. No separate professional/eligible-client leverage tier is stated for this offering. |
| Bonds | 7 | Bond and rates derivatives rather than cash bonds. | Instrument availability, leverage and contract terms can vary by account, legal entity and jurisdiction; check the current product specification. |
| Cryptocurrencies | 59 | Crypto access varies by entity and jurisdiction. | Instrument availability, leverage and contract terms can vary by account, legal entity and jurisdiction; check the current product specification. |
| Other | 50 | ETFs, futures, options and other markets; cited ETF products are real and unleveraged. | Leverage and product treatment vary by instrument, platform, account type or legal entity; exact conditions are set out in the relevant schedule. |
Opening, Funding, and Withdrawing From an Account
Account Opening and Verification
Direct STP and Prime ECN accounts require a $50 minimum deposit; Ultra ECN requires $20,000. Moneta Markets requires KYC and AML verification for live accounts, deposits and withdrawals. Identity documents may include a passport, driver's licence or national identity card. Withdrawals also require proof of residence, such as a recent utility bill or bank statement. Demo accounts use virtual funds and can be opened without KYC.
Moneta Markets restricts service in Afghanistan, American Samoa, Albania, Australia, Belarus, Bermuda, Bosnia and Herzegovina, Bulgaria, Myanmar, Burundi, Canada, the Central African Republic, Croatia, Cuba, Cyprus, the Democratic Republic of the Congo, Eritrea, France, Guam, Iran, Iraq, Italy, Ivory Coast, Japan, Liberia, Libya, North Macedonia, Mali, Montenegro, North Korea, Puerto Rico, Guinea, Guinea-Bissau, Romania, Russia, Sierra Leone, Serbia, Seychelles, Singapore, Slovenia, Somalia, South Sudan, Spain, Sudan, Syria, the United States, the United Kingdom, the US Virgin Islands, Venezuela, Yemen, Zimbabwe and Ukraine.
Deposit Methods
| Method | Deposit Minimum | Broker Fee | Expected Arrival | Important Restriction |
|---|---|---|---|---|
| Apple Pay | $50 | No broker deposit fee; bank/provider fees may apply | Instant | Requires a supported Apple device, eligible card and supported country or region. Availability also depends on the broker's payment provider. |
| Bitcoin | $50 | No broker deposit fee; bank/provider fees may apply | Instant | Send BTC only to the Bitcoin address and network shown in the deposit instructions. Incorrectly sent transfers may be irreversible. |
| Ethereum | $50 | No broker deposit fee; bank/provider fees may apply | Instant | Send ETH only using the network shown in the deposit instructions. Do not use another Ethereum-compatible or Layer-2 network unless explicitly supported. |
| Fasapay | $50 | No broker deposit fee; bank/provider fees may apply | Instant | Requires an eligible FasaPay account. Country availability, account verification and transaction limits may apply. |
| Google Pay | $50 | No broker deposit fee; bank/provider fees may apply | Instant | Requires a supported device or country and an eligible card or bank account. Availability depends on the issuer and the broker's payment provider. |
| JCB | $50 | No broker deposit fee; bank/provider fees may apply | Instant | Your JCB card must support online payments and be accepted by the broker. Issuer, country, currency and authentication limits may apply. |
| Mastercard | $50 | No broker deposit fee; bank/provider fees may apply | Instant | Your card must support online payments and be accepted by the broker. Issuer, country, currency and authentication limits may apply. |
| Sticpay | $50 | No broker deposit fee; bank/provider fees may apply | Instant | Requires an eligible STICPAY account. Country restrictions, verification requirements and transaction limits may apply. |
| Tether | $50 | No broker deposit fee; bank/provider fees may apply | Instant | USDT is available on multiple networks. Use only the exact network and address shown in the deposit instructions; a network mismatch may result in permanent loss. |
| Union Pay | $50 | No broker deposit fee; bank/provider fees may apply | Instant | An eligible UnionPay card or account is required. Availability depends on your issuer, country and the broker's payment provider. |
| Visa | $50 | No broker deposit fee; bank/provider fees may apply | Instant | Your card must support online payments and be accepted by the broker. Issuer, country, currency and authentication limits may apply. |
| Wire Transfer | $50 | No broker deposit fee; bank/provider fees may apply | 2–5 business days | Use the exact beneficiary, bank details and payment reference provided. Intermediary bank fees, currency conversion and processing delays may apply. |
Card deposits are capped at $10,000 AUD or equivalent per transaction per day, with an initial funding limit of $1,000 AUD. Payment-method minimums and processing times are separate from account-type minimum deposits and vary by route.
Withdrawal Methods
| Method | Withdrawal Minimum | Broker Fee | Expected Arrival | Important Restriction |
|---|---|---|---|---|
| Binance | 40 units of account currency (JPY 4,000; some methods may require more) | No standard broker fee; bank/intermediary or no-trading merchant charges may apply | About 1–3 business days | Use only the payout option shown; crypto asset, network and address must match exactly. |
| Bitcoin | 40 units of account currency (JPY 4,000; some methods may require more) | No standard broker fee; bank/intermediary or no-trading merchant charges may apply | About 1–3 business days | Use a valid Bitcoin address and supported network; crypto withdrawals are irreversible. |
| Fasapay | 40 units of account currency (JPY 4,000; some methods may require more) | No standard broker fee; bank/intermediary or no-trading merchant charges may apply | About 1–3 business days | Requires an eligible FasaPay account; country, verification and limits apply. |
| Japan Credit Bureau | 40 units of account currency; JPY 4,000 | No standard broker fee; bank/intermediary or no-trading merchant charges may apply | About 1–3 business days | Card payouts or refunds depend on broker, issuer, card and regional support. |
| Mastercard | 40 units of account currency (JPY 4,000; some methods may require more) | No standard broker fee; bank/intermediary or no-trading merchant charges may apply | About 1–3 business days | Available only through supported card-payout or refund routes; issuer and regional restrictions apply. |
| Neteller | 40 units of account currency (JPY 4,000; some methods may require more) | No standard broker fee; bank/intermediary or no-trading merchant charges may apply | About 1–3 business days | Requires an eligible NETELLER account; verification, country and wallet limits apply. |
| Skrill | 40 units of account currency (JPY 4,000; some methods may require more) | No standard broker fee; bank/intermediary or no-trading merchant charges may apply | About 1–3 business days | Requires an eligible Skrill account; verification, country and wallet limits apply. |
| Sticpay | 40 units of account currency (JPY 4,000; some methods may require more) | No standard broker fee; bank/intermediary or no-trading merchant charges may apply | About 1–3 business days | Requires an eligible STICPAY account; country, verification and wallet limits apply. |
| Tether | 40 units of account currency (JPY 4,000; some methods may require more) | No standard broker fee; bank/intermediary or no-trading merchant charges may apply | About 1–3 business days | USDT uses multiple networks; select the exact supported network or funds may be lost. |
| Union Pay | 40 units of account currency; JPY 4,000 | No standard broker fee; bank/intermediary or no-trading merchant charges may apply | About 1–3 business days | Card payouts or refunds depend on broker, issuer, card and regional support. |
| Visa | 40 units of account currency (JPY 4,000; some methods may require more) | No standard broker fee; bank/intermediary or no-trading merchant charges may apply | About 1–3 business days | Available only through supported card-payout or refund routes; issuer and regional restrictions apply. |
| Wire Transfer | 40 units of account currency (JPY 4,000; some methods may require more) | No standard broker fee; bank/intermediary or no-trading merchant charges may apply | Typically 3–5 business days | Enter bank, recipient and SWIFT/BIC details exactly; fees and processing delays may apply. |
Moneta Markets generally charges no withdrawal fee. The first bank-wire withdrawal each month is free; additional monthly wires cost $20 or 20 units of the account's base currency. International or intermediary banks may also deduct fees. Completing KYC before the first deposit can reduce the risk of withdrawal delays.
Customer Support
| Route | Access | Hours | Human / Automated | Languages / Conditions |
|---|---|---|---|---|
| Live Chat | Live chat | Not listed | Human / agent-assisted | Multilingual |
| [email protected] | Not listed | Human / agent-assisted | Multilingual; asynchronous | |
| Phone | +44 (113) 3204819 | Not listed | Human / agent-assisted | Multilingual; regional availability may vary |
Customer feedback is mostly positive about prompt replies and help with withdrawal questions. Some clients report difficulty resolving withdrawal issues or getting help with deposits and funding. These are customer reports, not independently established outcomes.
Research, Trading Tools, and Education
| User Need | Available Resources | Provider | Access Requirement | Depth / Limitation |
|---|---|---|---|---|
| Trade ideas and technical views | Trading Ideas | Trading Central | Live account, minimum deposit of 500 units of the account base currency (excluding JPY under the published terms), and Trading Tools opt-in. | Actionable setups with levels or scenarios where supported; coverage is limited by instruments and timeframes, and ideas are not guaranteed. |
| Track scheduled macro events | Economic Calendar | Trading Central | Live account, minimum deposit of 500 units of the account base currency (excluding JPY under the published terms), and Trading Tools opt-in. | Includes scheduled events with actual, forecast and previous data; it cannot capture unscheduled news or every market-moving event. |
| Monitor news and market attention | Market Buzz | Trading Central | Live account, minimum deposit of 500 units of the account base currency (excluding JPY under the published terms), and Trading Tools opt-in. | AI/NLP news and social-attention aggregation highlights activity, not necessarily market direction. |
| Review price and indicator signals | Technical Analysis | Trading Central | Live account, minimum deposit of 500 units of the account base currency (excluding JPY under the published terms), and Trading Tools opt-in. | Price- and indicator-based analysis is backward-looking; model assumptions can produce false signals. |
Education is separate from these market tools: Moneta Markets offers articles, videos and tutorials. Access to the research tools requires both a qualifying live-account deposit and an opt-in, so they are not unrestricted features of a demo account.
Who Moneta Markets Fits
| Trader Profile | Why It May Suit Them | Main Reservation |
|---|---|---|
| Forex traders comparing commission-free and raw-spread accounts | Direct STP, Prime ECN and Ultra ECN offer distinct spread-and-commission structures. | Ultra ECN requires a $20,000 minimum deposit; compare account costs as a whole. |
| MetaTrader automation users | MT4 and MT5 support Expert Advisors on desktop or VPS environments, and qualifying clients can claim VPS fee reimbursement. | Full EA and custom-code functionality is desktop/VPS-centric; free VPS reimbursement requires a $500 balance, 5 FX lots or equivalent monthly volume, and monthly opt-in. |
| Copy-trading users | Moneta CopyTrader, ZuluTrade, DupliTrade and PAMM/MAM options support different forms of trade copying or allocation. | Moneta CopyTrader requires a $200 minimum deposit, and copied trades remain subject to market risk. |
| Traders seeking underlying share ownership | The share offering provides exposure to share markets through CFDs. | Share CFDs provide no ownership or voting rights. |
Before you deposit
Key Conditions to Verify Before Funding
Client entity and protections Tap to read the check Tap to collapse
Establish which Moneta Markets entity will serve your account. UK and South African clients are subject to distinct regulatory frameworks and protections.
Account minimum and pricing Tap to read the check Tap to collapse
Direct STP and Prime ECN start at $50, while Ultra ECN requires $20,000. Compare spreads and commissions together, including the per-side ECN charge.
Leverage limits Tap to read the check Tap to collapse
The maximum depends on entity, account and market: UK retail forex is capped at 1:30, and Ultra ECN lists leverage up to 1:500.
Withdrawal route and fees Tap to read the check Tap to collapse
Check the payout method, processing time and currency. The first monthly bank-wire withdrawal is free; additional monthly wires cost $20 or 20 units of the account's base currency.
Promotional credit and news trading Tap to read the check Tap to collapse
News trading intended to exploit volatility is prohibited on accounts using promotional credit bonuses. Review the promotion conditions before opting in.
FxFind's Assessment on Moneta Markets
Moneta Markets offers a choice between commission-free Direct STP and raw-spread ECN pricing, alongside MetaTrader, proprietary platforms and copy-trading services. The terms differ by account: Ultra ECN's lower per-side commission requires a $20,000 deposit, leverage varies by account and jurisdiction, and share exposure is through CFDs rather than ownership. Forex and CFD traders considering these arrangements should compare them with their expected trading volume and need for automation or copy trading. Those who prioritise a specific regulatory entity, a particular retail leverage limit, underlying share ownership or a lower entry requirement for ECN pricing may find another account or broker arrangement more suitable. Payment-route limits and the fee for subsequent monthly wire withdrawals also matter to clients who move funds frequently.
Review method:See the FxFind Broker Review Methodology for scoring criteria and weightings.
Questions Readers Usually Have About Moneta Markets
What is Moneta Markets' minimum deposit?
Direct STP and Prime ECN accounts require a minimum deposit of $50; Ultra ECN requires $20,000. Payment methods have separate minimums. Card deposits are capped at $10,000 AUD or equivalent per transaction per day, with an initial funding limit of $1,000 AUD.
How do Moneta Markets' account commissions differ?
Direct STP charges no commission and has spreads from 1.2 pips. Prime ECN offers raw spreads from 0.0 pips with a $3 per lot per-side commission; Ultra ECN has the same stated raw-spread starting point and a $1 per lot per-side commission. Ultra ECN requires a $20,000 minimum deposit.
What leverage can Moneta Markets clients use?
Some international accounts offer leverage up to 1:1000, but the limit depends on entity, account and instrument. UK retail forex leverage is capped at 1:30, while Ultra ECN lists leverage up to 1:500. Maximum leverage can also fall with larger positions or during volatility and news.
Does Moneta Markets allow automated trading and scalping?
Scalping and algorithmic trading are allowed, and MT4 and MT5 support Expert Advisors on desktop or VPS environments. Moneta also supports cTrader Open API within the cTrader ecosystem. Abusive practices such as sniping, off-market-price arbitrage and exploiting quoting errors are prohibited.
Does Moneta Markets charge withdrawal fees?
Moneta Markets generally charges no withdrawal fee. The first bank-wire withdrawal each month is free; additional monthly wires cost $20 or 20 units of the account's base currency. Intermediary banks may impose their own charges, and processing time varies by method.
Are Moneta Markets' share products actual shares?
No. The share offering consists of share CFDs, which provide no ownership or voting rights. The broker also offers other derivative markets, and availability of some products, including cryptocurrencies, varies by entity and jurisdiction.
Which regulatory entity serves Moneta Markets clients?
UK clients are served by Moneta Markets Capital Ltd under FCA licence 613381. South African clients, or clients routed to that entity, fall under Moneta Markets South Africa (Pty) Ltd and FSCA licence 47490. The entity determines the applicable regulatory framework and protections.