Moneta Markets Review

4.422 • 15 REVIEWS
Updated: Apr 18, 2024
MonetaMarkets.com
MonetaMarkets is a forex broker. Moneta Markets offers the MT4, MT5, ProTrader, and AppTrader forex trading top platforms. MonetaMarkets.com offers over 45 forex currency pairs, cfds, commodities, shares, indices, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options. Please read Moneta Markets Reviews below and share your live trading experiences with this broker.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 1000:1
Minimum to Open Live: $50
Established: 2019
Address: 1 Hood Avenue, Rosebank, Johannesburg, Gauteng 2196, South Africa, South Africa
Contact: support@monetamarkets.com, +44 (113) 3204819
Regional offices:
Regulators: FSA-S #SD144, FSCA #47490
Prohibited countries: Show all >>
Trading platforms: MT4, MT5, AppTrader, ProTrader (by TradingView)
Web Trading: ✅ Yes
Mobile Trading: ✅ Yes
ECN: ✅ Yes

Trading Instruments

Currencies: (55+)
Cryptocurrencies: (40+) Bitcoin, Litecoin, Ethereum
CFD: (800+) Gold, Silver, Stocks, Stock Indexes, Bonds, Oil, Other Commodities, Futures, ETF

Trading Conditions

Hedge: ✅ Yes
EAs/Robots: ✅ Yes
News Trading: ✅ Yes
Scalping: ✅ Yes

Managed Accounts & Social Trading

MAM: ✅ Yes
PAMM: ✅ Yes
ZuluTrade: ✅ Yes
Copy Trading: ✅ Yes
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, FasaPay, JCB, SticPay
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, FasaPay, JCB, SticPay
* Please check broker website for more information
4.422 • 15 REVIEWS

Recent User Reviews of Moneta Markets

G
giovannipb
Contagem - MG, Brazil,
Apr 14, 2024,
Registered user

Previous problem solved

Service use: Live Length of use: over 1 Year
this is an update to my previous comment. After contacting the broker, the Moneta manager managed to guarantee the release of the withdrawal. It turns out that the amount was held in the "PAMM" account, where the account manager was holding my withdrawal. In my previous comment I believe that if the broker had been aware of the situation, they would have resolved the problem, so in the end the problem was resolved.

Mar 27, 2024 - 1 Star I have amounts that the broker does not release, I already requested the withdrawal almost 1 month ago after entering the investment in a PAMM account called "Capital Investing Strategies Ltd", but the broker lets them do what they want with the money, they informed me that the deadline withdrawal would take 15 business days but it has been a while and they still haven't released my money. Another broker I use for PAMM account investments releases the money in just 36 hours, while Moneta lets these PAMM managers do what they want with our money.

Mar 1, 2023 - 5 Stars I liked the efficiency of the support, good trading conditions. Good tools to evaluate opportunities

Reply by Moneta Markets submitted Mar 12, 2023 Hi Giovanni, we are glad to hear you enjoy trading with us. Feel free to reach out at any time if there's anything further our team can assist you with.
M
Mvxmv
Brazil, Brazil,
Sep 14, 2023,
Registered user

Previous problem solved

Service use: Live Length of use: 0-3 Months
This is an update to my previous review.  I'd like to inform the community that Moneta Markets contacted me and fixed the issue entirely. They said there was an error in the system and corrected it. My deposit is fully available for withdrawal now. I am very satisfied with the resolution. Thank you to Moneta and to the FPA moderator who were always helpful and assisted me in this matter.

Sep 9, 2023 - 2 Stars I had a little equity with Moneta Markets and received an email offering me $50 in "credit" to my account if I submitted a review on Google. They didn't specifically ask for a positive review. Just a review. I did write and submit the review and the $50 credit soon appeared in my account. But note: my balance didn't change. Only my equity did. That means it was money I could not withdraw. It was just, say, a little extra margin. I was fine with that.

So I lost all my equity and was left with only the credit. Rather than topping up my account, I just tried my luck with the remaining "credit." It didn't work, it was too small so I lost it too. OK. That happens.

But now I deposited $400 and again, my balance is $350 plus $50 of "credit" so my equity is $400. I can't withdraw $400. I can only withdraw $350. I checked.

So the $50 was not a gift. It was a loan. I have to pay it now. I have to cover the $50 before I can withdraw $400. So they didn't pay me for a review, they just loaned $50. That was never clear to me. I don't like this arrangement at all. If I had know, I wouldn't have used the "credit."
T
tam89
London, United Kingdom,
Sep 4, 2023,
Registered user

The best broker and excellent support

Service use: Live Length of use: over 1 Year
This company is the best broker I have ever used !

They provide excellent service and always respond to you quickly. You can easily withdraw and deposit money with no issues. So far out of all the brokers I have tried Moneta Markets is the best!

May 25, 2023 - 5 Stars I joined Monetamarket almost two years ago and I must say I have tried many brokers but nothing compares to Monetanarkets. First, of they have pretty reasonable spreads compared to other brokers, second, their customer service is by far the best special thank you to Neish From the support team for assisting me with my queries. So far my experience has been tremendous!!
Z
zasikee
Bratislava, Slovakia,
Apr 25, 2023,
Registered user

Great broker for begginers im one of them easy to use i had no problem with

Service use: Live Length of use: 0-3 Months
Great broker for begginers im one of them easy to use i had no problem with this also fast support
B
byamukama gerald
Uganda , Uganda,
Apr 20, 2023,
Registered user

My best broker overall

Service use: Live Length of use: 3-6 Months
Am very impressed with the low spreads, quick deposit and withdrawals plus the exceptional customer care keep it up
F
FlorianD
France, France,
Apr 12, 2023,
Registered user

Withdrawal

Service use: Live Length of use: 0-3 Months
Second review and I think I forgot to tell it in my first review, but damn I never seen a withdrawal that fast ! It clearly surprise me lol, habitually all the broker take 1 or 2 business day to send withdrawal. I receive mine in 15 minutes, yes you read that IN 15 MINUTES ! So I will stay at Moneta for a long moment just because of that and the other things in my other review. 15 minutes I can't still believe it !

Apr 12, 2023 - 5 Stars I entered to this broker because I was searching a better broker than the one I have before so I ask them a lot of questions, they have replied all and in my language ! I have a direct STP account and sincerely the spread are good, better than my previous broker. So I will say Yes to Moneta and I will keep trading with them
M
MertAkkaya
Kocaeli, Turkey,
Mar 24, 2023,
Registered user

MonetaMarkets

Service use: Live Length of use: 3-6 Months
MonetaMarkets is the fastest and most reliable institution among the institutions I have worked with. I have never had a problem in loading and withdrawing money, my money is deposited immediately, I can withdraw my money immediately I'm happy to be in the fx market with them.
R
Raavi
UP, India,
Mar 1, 2023,
Registered user

Best choice for Indices and Crypto

Service use: Live Length of use: 0-3 Months
I recently joined MonetaMarkets and experienced that the company is providing a long list of crypto and indices as well as other assets like forex and commodities with excellency. I experienced its pro trader at the first time. It is the best thing if you know TradingView you can use it for your benefit.
R
Reply by Moneta Markets submitted Mar 12, 2023:
Hi Raavi,
Thank you for your kind feedback, we are glad to hear you are enjoying trading with Moneta Markets
A
AbhiJ
Rotterdam, Netherlands,
Feb 22, 2023,
Registered user

Excellent Support for Previous Reported Issue /Problem

Service use: Live Length of use: 6-12 Months
Moneta has already assisted me in resolving my issues/problems with a favourable resolution . They are very responsive and try to work together with Traders to resolve and explain the issue.

Feb 16, 2023 - 1 Star Their system manipulates PROFIT and LOSS and show the wrong price at the Order Execution Level for both opening and closing prices. I have incurred a loss of more than several thousand euros because of this. I have already raised a complaint and concern for this . I hope they will resolve it if they really take care of the Client and Client Money . If not then it is PURELY DAYLIGHT CHEATING AND SCAM.

I am being Cheated and Scammed by your Moneta system in my Trades and you are asking me to write good reviews about it. How naive you are?

Let me know if you are interested how I have been cheated and scammed by Moneta in my trades.

My MT5 trading account is MT5 account number 3016594

1) Trading Orders are

40156890 and
40156924.
When I closed the trade for nas 100 at 140 profit for 100 lots but then I got loss of 13.10 and for 500lots Sp500 I got 850 profit showing and then when I close it at 850 profit but I see zero amount credited .

2) orders numbers 40201137 and 40200686 was showing 212 profit and 75 profit respectively and I closed the position for that but to my surprise your systerm is giving me wrong profit and loss

If you really care for your clients and clients money then refund my PROFITS

I have already submitted the screenshots and details of my trades to their support service and complaints department . Lets seee what they do
A
Reply by Moneta Markets submitted Feb 28, 2023:
Hey there.
We are glad that our team was able to help resolve the issue, and clarify what occurred with your orders. We appreciate you trading with us, and your continued support. If there's anything we can do to assist, please don't hesitate to reach out at any time!
M
Muhsin Usman
Johannesburg, South Africa,
Feb 16, 2023,
Registered user

Excellent support

Service use: Other Length of use: 6-12 Months
Thanks again to Moneta Markets for excellent support and assistance in helping me able to understand forex tools much more professionally.With great and quick response I was able to fix my issue
M
Reply by Moneta Markets submitted Feb 20, 2023:
Hey there Muhsin, thank you for your review and rating! If there is anything else that our support team can assist you with, please reach out at any time :)