The safety dossier

Safety first

Moneta Markets review

Who regulates Moneta Markets, under which licence, and what that means for your money.

Last checked

Moneta Markets offers some protection if it fails and not all of it, which is the ordinary offshore trade-off: you gain leverage and lose the safety net. Regulated by FCA UK (613381); FSCA South Africa (47490); FSC Mauritius (GB24203391); UAE CMA Category 5 (20200000459); Saint Lucia IBC registration (2023-00068), offering MetaTrader 4, MetaTrader 5, PRO Trader, AppTrader.

Our rating

★★★★

One rating, identical across our sites - only the way it is shown changes. It averages six assessments: regulation, trading costs, platforms, markets, support and education.

Regulation and safety

Regulated by
FCA UK (613381); FSCA South Africa (47490); FSC Mauritius (GB24203391); UAE CMA Category 5 (20200000459); Saint Lucia IBC registration (2023-00068)
Regulator tier
Tier 1
Register entry
FCA Financial Services Register, FRN 613381
Client money segregated
Yes
Held at
AA-rated global bank
Negative balance protection
Yes
Compensation scheme
FSCS up to £85,000 for eligible UK clients; private insurance protection up to $1,000,000 on applicable accounts
Audited by
Independent external auditors
Not available to
Canada, Cyprus, France, Spain, Russia, Ukraine, Italy, United States, North Korea and jurisdictions where services would contravene local law

The licence is what decides where your money sits and who is obliged to do something about it.

Moneta Markets holds a tier-one authorisation from FCA. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.

It also operates an offshore entity (FSC). Which one you are onboarded to depends on where you live, and the two carry very different protections - worth confirming before you deposit.

The FCA caps retail leverage at 1:30, mandates negative balance protection, and covers eligible clients under the Financial Services Compensation Scheme.

The FSCA licenses derivative providers in South Africa without a fixed retail leverage cap, so headline leverage is often higher than an FCA or ASIC entity may offer.

An FSC licence (Mauritius or Belize, depending on the entity) is an offshore authorisation with lighter reporting duties than a tier-one regulator.

Check the licence yourself: the FCA Register, the FSCA list of regulated entities, the Mauritius FSC register of licensees.

The company behind the brand

Legal entity
Moneta Markets (Pty) Ltd
Company number
2016/063801/07
Headquarters
Johannesburg, South Africa
Founded
2020
Publicly listed
No
Parent company
Moneta Markets Excellence Holding Limited
Employees
100+
Also trades as
Moneta Markets

What it costs to trade

Spread from
0.0 pips
EUR/USD spread
Approx. 0.1 pips, Prime ECN
GBP/USD spread
Approx. 0.3 pips, Prime ECN
Commission
$3 per side / $6 round turn, Prime ECN
All-in cost, EUR/USD
Approx. 0.7 pips
Spread type
Variable
Overnight swap
Both: overnight swaps can be charged or credited; Islamic accounts available
Deposit fee
None internally
Withdrawal fee
Generally none; international bank wire attracts minimum 20 account-currency-unit fee
Currency conversion
Currency conversion at applicable exchange rate

Cost is the last thing to weigh here, and never the thing that should decide it.

A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

Moneta Markets lists a minimum deposit of $50. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Platforms and tools

Platforms
MetaTrader 4, MetaTrader 5, PRO Trader, AppTrader
Own platform
Yes, AppTrader
Mobile app
Both proprietary and third-party
Browser trading
Yes
Automated trading
Yes; MT4/MT5 Expert Advisors, algorithmic trading and backtesting
Copy trading
Yes, CopyTrader
Indicators
100+ through TradingView/PRO Trader; MT4 and MT5 indicators
Third-party tools
TradingView, MetaTrader 4, MetaTrader 5
API access
Yes, institutional connectivity

MetaTrader 4 remains the most widely supported platform for expert advisors. If you rely on an existing EA, this is usually the deciding factor.

MetaTrader 5 handles more asset classes and order types than MT4, but expert advisors are not compatible between the two - an MT4 EA will not run on it.

Markets and execution

Markets
Forex, Shares, Indices, Commodities, Precious Metals, Energy, ETFs, Bonds, Cryptocurrencies
Currency pairs
44+
Total instruments
1,000+
Crypto CFDs
Yes
Maximum leverage
1:1000
Execution model
STP / ECN, account-dependent
Execution speed
Under 15ms
Order types
Market, limit, stop, stop-limit, stop-loss, take-profit, trailing stop
Servers
New York, London, Hong Kong and other Equinix data centres

Leverage up to 1:1000 is available on this entity. High leverage does not increase your expected return - it increases position size for the same deposit, and shortens the move needed to close you out.

Moneta Markets covers forex, shares, indices, commodities, precious metals, energy, etfs, bonds, cryptocurrencies. A wider range matters less than depth in the instruments you actually trade.

Funding options: visa, mastercard, international bank transfer, fasapay, sticpay and regional payment methods. Check withdrawal routes as well as deposit ones - they are often not the same, and the difference only becomes apparent when you try to take money out.

Accounts

Minimum deposit
$50
Account types
Direct STP, Prime ECN, Ultra ECN, Islamic/Swap-Free, Demo
Account currencies
AUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD, BRL
Islamic account
Yes
Demo account
Yes
Professional account
Yes, Ultra ECN/high-volume offering
Minimum trade size
0.01 lots
Time to open
Typically a few minutes

Deposits and withdrawals

Deposit methods
Visa, Mastercard, international bank transfer, FasaPay, Sticpay and regional payment methods
Withdrawal methods
Bank transfer, cards, e-wallets and supported original funding methods
Deposit time
Instant for cards, FasaPay and Sticpay; international bank transfer 2-5 business days
Withdrawal time
1-3 business days
Minimum withdrawal
$20 equivalent
Local payment methods
FasaPay; Sticpay and jurisdiction-specific local payment methods

Support and education

Support hours
24/5
Contact channels
Live chat, email, phone
Languages
Multilingual
Telephone
+44 113 320 4819
Email
support@monetamarkets.com
Live chat response
Typically under 2 minutes
Education
Extensive: educational articles, trading courses, platform tutorials, webinars, videos and trading guides
Research
Market analysis, technical/fundamental commentary, trading signals, market news and TradingView-powered tools

Questions people ask about Moneta Markets

What happens to my money if Moneta Markets goes bust?

Moneta Markets sits behind FSCS up to £85,000 for eligible UK clients; private insurance protection up to $1,000,000 on applicable accounts. A scheme covers eligible clients of the entity that holds the licence, so the entity you were onboarded to decides whether it covers you.

Which bank actually holds client money at Moneta Markets?

Moneta Markets holds client money with AA-rated global bank, in accounts kept separate from the firm's own. Almost no comparison site publishes this, and it is the thing that decides how quickly you would see your money again if the broker failed.

Can I lose more than I deposit with Moneta Markets?

Moneta Markets provides negative balance protection, so a gap through your stop should not leave you owing money. It is usually a rule of the regulator rather than a favour from the broker, which means it can differ between the entities one brand operates.