Moneta Markets Review
When you are looking to trade in the financial markets, the services of an online broker are essential. But, this does not mean that you can choose a broker at random. There is a considerable amount of research that should go into the selection of a platform because it will serve as your partner during your journey. If they do not have the right services and offerings, your experience can be quite stressful. Hence, it is best for you to put in some effort when selecting a brokerage, and reading through this Moneta Markets review is one way to accomplish this.
A forex and CFD brokerage, Moneta Markets was founded in 2009 and is based in South Africa. It is currently serving more than 70,000 traders all over the world and has become quite well-established. Nonetheless, this does not automatically make it the right choice for you. You have to check its offerings to know if it can be a good fit and this Moneta Markets review can shed some light.
Regulation and security
When you want a broker that you can trust for your trading journey, you need to look at its regulation and security. A safe trading environment can allow you to trade with full concentration and not have to worry about the security of your funds, or your personal information. Plus, it also minimizes the possibility of scams and frauds that have become common in the financial markets. A check of the regulatory status of the Moneta Markets broker shows that it is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa.
Other than this regulatory body, the Moneta Markets broker is also regulated in the offshore zone of Seychelles by the Financial Sector Authority (FSA). It is also registered in Saint Vincent and the Grenadines, but not regulated there because their forex industry is unregulated. As far as security is concerned, you will find that Moneta Markets maintains segregated accounts for its clients to protect their funds, provides negative balance protection and also has a compensation scheme. This can give you peace of mind and help you trade without any worries.
Range of assets
One of the most important things you need to do is check the range of assets that are offered to you by a broker because this will determine how much profits you will make. There are more than 1,000 instruments available on the Moneta Markets trading platform, which is quite impressive and ensures that every trader is able to find assets as per their risk tolerance. The best part is that the assets are spread across different sectors.
This means that anyone using the Moneta Markets trading platform will be able to diversify their trading portfolio without any issues. There are forex currency pairs available, along with share CFDs, bonds, indices, commodities, and ETFs. As a matter of fact, there are also crypto CFDs available, which are seeing a rise in demand.
As impressive as the list of assets is on the Moneta Markets trading platform, you also need to check the software it offers for executing your trades because it also shapes your overall performance. The good news is that the Moneta Markets trading platform options comprise of some of the best choices you can find in the market. They have opted to offer you the MT4 and the MT5, which are highly popular in the industry, but these are not the only choices. You also have the Pro Trader and the WebTrader at your disposal.
With this variety, you can have a lot of flexibility in terms of trading platforms and Moneta Markets has ensured that you have access to the best indicators, analytical tools and charts that can be helpful during the trading process.
The 24/5 customer support offered by Moneta Markets is also a good addition, as you can get the help you need via email, international phone number, or you can take advantage of the live chat option. Their response is quick and they give you relevant answers.
Is Moneta Markets scam or legit?
There is no need to worry about Moneta Markets scam, particularly when you consider the fact that it has been operating for years in the market and has built an excellent reputation.
It is easy to ascertain through this Moneta Markets review that choosing this broker can be a smart decision for you.
Moneta Markets Review
Here you can go through our detailed Moneta Markets review and learn whether or not Moneta Markets is a legitimate or scam broker for online trading. Moreover, our monetamarkets.com review will also help you learn what you can expect from the Moneta Markets broker if you decide to sign up.