Every broker review we conduct focuses on the information clients can access by talking directly to the broker’s representative. Additionally, we frequently speak with traders who have accounts with the broker to acquire an unbiased perspective on the services provided. Overall, we make use of live and demo account testing, direct communication with the broker, analysis of public opinion, and even the precision of the price chart.
Moneta Markets offers trading in forex for beginners, commodities, indices, share CFDs, and cryptocurrencies through its platform. Users can access markets around-the-clock with the Moneta Markets AppTrader and Web Trader.
During our analysis, we noticed that Moneta review strongly emphasizes transparency to live up to trader expectations. To maintain the security of funds, the company has implemented several procedures.
Moneta Markets relates to the AA-rated National Australia Bank and offers segregated bank accounts to keep client funds separate from business funds. Additionally, Moneta Markets protects against negative balances.
Additionally, Moneta Markets strictly follows regulatory compliance audits and conducts periodic accounting audits for the benefit of traders. Maintaining funds apart from broker funds makes trading easier for traders whose thoughts are under pressure due to forex trading.
In addition to the security of the funds, this broker made all of its legal documentation available on the website. As a result, traders can observe how the business interacts with its partners.
Is Moneta Markets a scam, or is it real?
The first and most crucial step in finding brokers to work with for your trading operations is to educate yourself on their credentials. This will show whether Moneta Markets is an offshore and unregulated firm or whether they are subject to centralized regulation.
When a broker is unregulated or is regulated by a body, not in your country, you have little to no legal remedy if your money is stolen. If there is theft, complaints can only be filed if the broker has a license from the regulatory body in your country. The following are a few instances of regulatory bodies that provide trading licenses:
The Securities and Exchange Commission of Cyprus (CySEC)
Finance Conduct Authority (FCA)
Securities and Investments Commission of Australia (ASIC)
A broker should be avoided if they are unlicensed and cannot obtain a license from the regulatory body in your country. Even if the broker is regulated, it is advised to stay away if the regulator is based elsewhere.
Moneta Markets Scammed You, right?
Don’t be irritated if you lose money with Moneta Markets. There have been others before you, and there probably will be more. Even the most diligent investors occasionally make mistakes, which should be considered a teaching opportunity.
Chargeback Is the Answer!
The good news is that assistance is accessible. The team at My Chargeback, a specialized company devoted to assisting customers in recovering monies lost online, is available around-the-clock and has assisted customers worldwide in recovering millions of dollars.
Using a reliable service like My Chargeback is essential in this effort because a standard chargeback process may frequently be complicated and drawn out without the proper direction.
Costs
Based on the market averages, Moneta Markets is forex for beginners offers variable spreads for all trading products, which is quite attractive. To guarantee that customers are not subject to financial pressure from the company, there are NO account opening or maintenance fees on any Moneta Markets live CFD trading accounts.
There are no fees for deposits or withdrawals at Moneta Markets. Please be aware, though, that payments to and from foreign financial institutions may result in intermediary transfer costs that are paid by neither party and are not controlled by Moneta Markets.
CONCLUSION
Forex, indices, share CFDs, and cryptocurrency CFDs can all be traded through the forex and CFD broker Moneta Markets. As a result, you can diversify your trading portfolio using a single trading account across fiat and cryptocurrency.
Additionally, this broker strongly emphasizes safety by working with Australian banks with an A+ rating. As a result, you can trade without difficulty and without being concerned about the security of your money. The trading platform is another element that may draw traders. This broker’s trading platform is quite appealing and contains all the tools needed to study the market. In addition, you can control every element of your trading account from the Web Trader platform.
Our review led us to the conclusion that Moneta Markets is a reputable forex broker. However, before participating in live trading, we advise opening a sample account and testing it yourself.