Moneta Markets Forex Broker Review
Multi-regulated broker with ASIC, FSCA, and FSA Seychelles licences, offering competitive raw ECN conditions and a proprietary platform alongside MT4 and MT5 - growing presence in Africa and Asian markets.
Also reviewed as:
How Moneta Markets ranks
Trust & Regulation
#39of 55
Fees & Spreads
#12of 55
Platforms & Tools
#35of 55
Customer Support
#26of 55
Min Deposit
$50
Spreads From
0 pips
Max Leverage
1000:1
Founded
2019
HQ
Sydney, Australia
Last Reviewed
May 3, 2026
Moneta Markets Pros
- ASIC, FSCA, and FSA Seychelles licensing - choice of regulatory framework
- Pro ECN account: 0.0 pip spreads with $6 commission
- MT4, MT5, and proprietary AppTrader platform
- Strong localisation for Africa and Asia
- Regulated by top-tier authorities (FCA, ASIC, CySEC)
- Client funds held in segregated accounts
- Negative balance protection
- No deposit fees
- No inactivity fee
- MetaTrader 4 and MetaTrader 5 supported
- Mobile trading app available
- Advanced charting tools included
- Transparent pricing with clear cost disclosure
- 24/5 live chat support
- Phone support available
- Multilingual customer support
Moneta Markets Cons
- Founded 2019 - limited track record vs established competitors
- Lower brand recognition outside Africa and Asia
- FSA Seychelles entity offers limited investor protection
- No investor compensation scheme
Moneta Markets Forex Broker Review
Moneta's multi-regulatory positioning
Moneta Markets launched in 2019 and has quickly built a multi-regulatory structure: ASIC for Australian and international clients requiring Tier 1 protection, FSCA for South African and sub-Saharan African clients, and FSA Seychelles for offshore international clients. This structure gives traders a choice of regulatory framework, with the ASIC entity providing the strongest investor protections.
Platforms and trading conditions
MT4, MT5, and a proprietary platform (AppTrader) are all available. The Pro ECN account offers raw spreads from 0.0 pips with a competitive $6 round-turn commission - among the lowest in its tier alongside IC Markets and Tickmill. The Direct account is spread-only from 1.2 pips.
Africa and Asia focus
Moneta has invested in local payment methods and support coverage for sub-Saharan Africa and Southeast Asia, positioning itself as an alternative to larger Australian brokers for clients in these regions who want Tier 1 Australian regulation without a predominantly Western-facing support team.
Strengths and limitations
The multi-platform offering and competitive ECN pricing are genuine strengths. Moneta is a younger broker (2019) without the track record of IC Markets or Pepperstone, and its brand recognition outside Africa and Asia is limited.
Moneta Markets Score Breakdown
4.1/ 53/440% of total score−0.1 below average#39 of 55
4.1/ 5- Top-tier regulator (FCA, ASIC, CFTC, etc.)
- Segregated client funds
- Negative balance protection
- Compensation scheme (e.g. FSCS)
4/430% of total score+0.2 above average#12 of 55
4.4/ 5- Raw/ECN spreads available
- No deposit fee
- No inactivity fee
- Transparent pricing page
4/420% of total score−0.2 below average#35 of 55
4.0/ 5- MT4/MT5 available
- Proprietary platform
- Mobile app
- Advanced charting tools
3/310% of total score−0.1 below average#26 of 55
4.0/ 5- 24/5 live chat
- Phone support
- Multilingual support
Last reviewed: May 3, 2026
Moneta Markets Active Forex Bonuses
2Referral
Cash reward for referrer and new client
Moneta Markets Refer a Friend
Moneta Markets pays a cash reward to both the referrer and the new client when a successful referral account is verified, funded, and starts trading.
Min. deposit: $50
Deposit BonusFeatured
Percentage welcome bonus on first qualifying deposit
Moneta Markets Welcome Deposit Bonus
Moneta Markets credits a percentage welcome bonus on first qualifying deposits for new international account holders - additional margin from day one.
Min. deposit: $50
Researching your options? Browse our full list of the best forex brokers to compare scores, spreads, and regulation side by side.
Moneta Markets Regulatory Licences
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Moneta Markets Forex Trading Platforms
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Moneta Markets Markets & Instruments
Forex
Commodities
Indices
Crypto
Stocks CFDs
Countries Where Moneta Markets Is Available
Brazil
Chile
Colombia
Egypt
Spain
France
Ghana
Mozambique
Namibia
Nigeria
Netherlands
Australia
Germany
Singapore
South Africa
United Arab Emirates
Argentina
Bangladesh
Bahrain
Hong Kong
Oman
Peru
Indonesia
Malaysia
New Zealand
India
Italy
Kenya
Kuwait
Morocco
Philippines
Pakistan
Poland
Qatar
Mexico
Saudi Arabia
Thailand
Uganda
Tanzania
Vietnam
Zambia
ZimbabweReady to trade with Moneta Markets?
Open your account and start trading today.
Frequently Asked Questions About Moneta Markets Forex Trading
Yes. Moneta Markets (Pty) Ltd holds ASIC licence 001296520, providing Australian Tier 1 regulation. The FSCA entity (South Africa) covers African clients. The FSA Seychelles entity serves international clients with a lighter regulatory framework.
Moneta Markets's minimum deposit is $50. Deposits are accepted free of charge via bank transfer, card, and selected e-wallets.
Moneta Markets offers raw spreads from 0.0 pips with a commission of $6.00 per standard lot round-turn on the raw-spread account. Deposits are free on standard funding methods. No inactivity fee applies to dormant accounts.
Moneta Markets supports MetaTrader 4 (MT4), MetaTrader 5 (MT5) and a proprietary web and mobile platform. A mobile trading app is available for iOS and Android. Advanced charting tools are included.
Moneta Markets customer support is available via live chat during trading hours (24 hours a day, Monday to Friday). Phone support is also available. Support is provided in multiple languages.
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