Moneta Markets Review

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upamfva 18 àÁÉÒ¹ 2565 , 09:40:03
Moneta Markets Review



Moneta Markets is a new brand under parent company Vantage Group, which offers traders the MetaTrader suite of platforms as well as a basic web and mobile app. While it does support a decent range of third-party features, Moneta Markets has lackluster research and educational offerings, and its pricing is average.To get more news about td365, you can visit wikifx.com official website.

Moneta Markets is considered average-risk, with an overall Trust Score of 83 out of 99. Moneta Markets is not publicly traded, does not operate a bank, and is authorised by two tier-1 regulators (high trust), zero tier-2 regulators (average trust), and one tier-3 regulator (low trust). Moneta Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA). Learn more about Trust Score.

The range of markets available will depend on which Moneta Markets entity and platform you use, with up to 266 symbols available across various CFD markets including forex, shares, indices, commodities, and metals.

Cryptocurrency: Cryptocurrency trading is available at Moneta Markets through CFDs, but not available through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents.
Trading costs at Moneta Markets vary depending on which of its three account options you choose: the commission-based STP and Moneta Prime accounts, or the commission-free True ECN account. Moneta Markets’ STP account is an expensive option for forex trading, while pricing for its True ECN account is closer to the industry average with tighter spreads and a commission of $6 per round-turn lot. Overall, Moneta Markets’ pricing can’t compete with the best forex brokers.

Spread-only accounts: The STP account boasts an average spread of 1.22 pips for the EUR/USD pair for the month of August 2021.

Commission-based accounts: The True ECN account features an average spread of 0.15 pips for the EUR/USD pair (during August 2021), and a commission of $3 per side for every 100,000 units (or $6 per round-trip standard lot). This brings the all-in cost for the True ECN account to roughly 0.75 pips, which is slightly below the industry average.
Moneta Markets offers the MetaTrader suite of platforms (from the brand’s parent company), as well as its own simple AppTrader mobile app. Moneta Markets’ AppTrader mobile app remains very basic, and MetaTrader comes with no extra add-ons beyond the default platform suite, making Moneta Markets a laggard compared to the best MetaTrader brokers.

Apps overview: Moneta Markets provides its own AppTrader platform as well as the full MetaTrader mobile platform suite (MT4 and MT5), all available on Google Play for Android and on Apple’s App Store for iOS devices.

AppTrader is developed by PandaTS, the same developer that helps power the Moneta Markets web platform, while MetaTrader is developed by MetaQuotes Software Corporation.

Ease of use: Though AppTrader is easy to use, there just isn’t much going on in the app and there remains plenty of room for improvement. I’d like to see Moneta Markets mirror some of the web platform’s features on its AppTrader mobile app to more closely unify the experience across devices.

Charting: Charts within AppTrader appear to resemble those available in the web version, except with no indicators and no drawing tools. Also, charts cannot rotate into landscape mode, and watchlists do not sync with the web version. For comparison, Saxo Bank and TD Ameritrade (U.S. citizens only) are examples of brokers that have nearly perfected the art of creating a synced experience across devices (even trend lines are synced across platforms).