Moneta Markets- Pros, Cons, Account Types and Much More
Have you heard a lot about the new sensation moneta markets and now you want to take advantage of their services, but lack of adequate information is stopping you? If yes, delve into the article as it will surely help you in knowing more about the Moneta Markets. So, without any delay, let’s take a dive deep into the article.
Moneta Markets- An overview
Moneta Markets is the new addition in the forex trading world, and it was established in 2020. The headquarters of this trading platform is located in the Cayman Islands. Furthermore, it is pertinent to mention that it was created by renowned Vantage International Groups Limited, also known as VIG.
Although it is new in the trading world, it is still receiving a tremendous response from the audience because its parent company is highly famous and has earned a good number by providing professional services for over a decade. But before making the decision to go for this broker, have a look at the pros and cons of Moneta Markets.
Pros
- MetaTrader 4
- MetaTrader 5
- Verified Broker
- The minimum Deposit is low
- Spread is low
Cons
- Unavailability of ZAR
- Not regulated by FSCA
- Relatively New
Regulation of Moneta Markets
As part of the highly acclaimed company Moneta, Markets is regulated by Vanuatu Financial Services Commission(VFSA). . Furthermore, it is also regulated by the Cayman Islands Monetary Authority (CIMA).
Tradable Products
Being a forex trader that is designed to help the clients in the best possible way, they trade in an extensive range of tradable products. You can get the opportunity to trade in almost more than 100 tradable products, and it includes cryptocurrencies, indices, currency pairs, energies etc. You can trade in 45 currency pairs, and in addition, more than 15 commodities are allowed to be traded. Additionally, you can trade in 15 index CFD. When it comes to equity, CFDs then offer 185 types across all the four main stock markets.
Account Types offered by Moneta Markets
If you go for Moneta Markets, you can get the opportunity to open an account in four different account types, including Moneta ECN, Moneta STP, Moneta Prime and Demo accounts. Furthermore, for the convenience of Muslim traders, swamp-free or Islamic accounts are also available.
Account Currency
On the platform of Moneta Markets, you can get the choice to choose from nine different base currencies, and the list comprises GBP, USD, CAD, JPY, SGD, EUR, NZD, HKD, and AUD. Sadly if you are a resident of South Africa, you can not open an account using ZAR.
Deposits and Withdrawals
Moneta Markets allow you to execute deposits and withdrawals free of any cost in multiple currencies. Furthermore, you can get a lot of payment options such as JCB, Neteller, Skrill, FasaPay, debit/credit card and bank wire. In addition, many cryptocurrencies like ETH and BTC can also be used.
Final Thoughts
To sum up the article, I would like to say that although it is a new trading company, their strategies and the experience they will get from their parent company will surely assist in making it named in the list of top-notch companies.
