Moneta Markets is a brand of Vantage International Group Limited. Moneta Markets holds its customer’s assets at National Australia Bank (NAB), as a component of its Cayman Islands offering directed by the Cayman Islands Monetary Authority (CIMA). It was established in 2019 and is important for the Vantage FX Group of organizations. With elements that hold administrative situations with Australia and the United Kingdom, the gathering has a set of experiences since 2009. In terms of Vantage FX Review, Moneta still seems a bit backward and at times relies on it’s other well known parent for more support.
The child FX Trading Broker of Vantage FX, it is a liable brokerage firm although not on the level of it’s parent company, still is trying to stand out in the FX Trade Market as a separate entity rather than someone associated with Vantage
Moneta Markets unfortunately do not provide separate Islamic Shaira Accounts to any of its users. This is a drawback as many Muslim countries tend to stay away from the trading world because it goes against the Sharia Laws. Maybe the idea of bringing in Islamic-based accounts should be considered as their number of users can grow exponentially, and their trade value will also increase in the process.
As this is something, everyone is not offering so we score the things 4.6 stars out of 5!
Their web platform is an advanced level across the board arrangement, offering account the executives and exchanging all from a similar dashboard. With the implicit Client Portal, traders appreciate simple stores and withdrawals in a couple of snaps. Moneta Markets’ trading platform is highly intuitive and customizable. The platform can also be accessed on the go, ensuring users can track the markets from anywhere. Additionally, clients enjoy features such as real-time pip and margin value trading calculators.
The broker’s mobile application is a useful asset that encourages helpful exchanging anyplace, whenever. The application offers generally similar highlights as the web stage, remembering the worked for Client Portal, 45 specialized markers, and 6 graph types. It additionally comes in 10 unique dialects and is custom-fitted to new and experienced brokers the same. We are rating 4.3 stars out of 5, as they are offering less customization.
Having average spreads, of about 1.3, it is more of a big-time cost trade, not for a lot of people unless looking for huge profits. The minimum deposit required is about 200$, while they do not charge any non-trading charges such as withdrawal charge or inactivity fines, while there are also no charges for deposits after the initial deposit. Their commission charges can sometimes be more on the higher side, but people tend to be content with it regardless as the pips and spreads already keep them more aligned towards the brokerage firm as some other forex brokers do charge higher on both commission and pip values as compared to Moneta. We are rating them 4.3 starts out of 5 due to the last point.
Customer support is available 24/5. The response regarding the mediums are rather quick and the support teams are really helpful to tackle any and all situation that may be brought upon. Their landline agents are quick to answer calls, so you do not have to wait on hold, there they listen thoroughly to all the issues that maybe there or queries that need helping with and provide relevant feedback. Their email support team reply back usually in 1-3 days and most of the replies are tailored to answer and tackle any issues, while follow-ups on feedback regarding the service is also a nice touch.
Chat Support has instant responses and are not bots that are taking the initial conversation, chat agents are available almost all the time and can deliver quite detailed information regarding said issues. Due to their average response rate, we are scoring their customer support 4.4 stars out of 5.
In trading your capital is always at risk, nearly 70% investors have reported of losing their money when investing with this brokerage firm. You should really out a lot of thought if you are ready to play the high-risk game, although the bigger the risk the better the reward sometimes playing ti safe maybe the better option in certain circumstances. We are scoring them 4.5 out of 5.
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