There is no better place to start than our Moneta review for everything they have to offer, whether you are trading or considering getting started with Moneta Markets.
There are various Moneta Markets account kinds available for you to select from. Exactly that is the area of focus in this article. We will provide all the information on each type of account offered and show you exactly how to set up your real account.
Types of Moneta Markets Accounts
Here, we go through each form of Moneta Markets account that you can choose from while trading via the broker.
Trial Account
The Moneta Markets is the best forex for beginners demo account is the first type you would come across. This is accessible to all traders for 30 days. It is a great area to test your techniques or get to know the broker, just like any sample account.
Again, since all money transacted is virtual, there is neither risk nor obligation. Go to the Moneta Markets website to open one. Retail CFD accounts lose money in 74–89% of cases.
Account ECN
The broker frequently chooses the ECN account. The minimum deposit for this account type is still quite affordable at just $200, and you will have access to more than 300 CFD assets for trading.
Also quite affordable are the spreads. These have a 0 pip starting point and an additional $3 per lot for each side fee.
With the leverage of up to 500:1 available on forex, depending on your region, the account type is a good choice for scalpers due to some of the fastest ECN execution in the business.
Account STP
The STP account is the next possible account type. This features an even lower minimum deposit requirement of just $50, making it very simple to start trading. You will get access to more than 300 assets with this account category.
With the same leverage of up to 500:1 available on FX, the spreads on the STP account also offer good value starting at 1.2 pips. Additionally, the STP execution offers excellent cost and high speeds.
Features of a Moneta Markets Account
The individual account offers investors a variety of features, such as:
- Protection from negative balances ensures losses don’t exceed a trader’s deposits.
- Client protection, which offers traders up to $1 million in protection.
- The following are the different account base currencies: USD, AUD, EUR, GBP, NZD, SGD, JPY, and CAD.
- Constant client service.
- A range of alternatives for deposits and withdrawals.
- A modest $200 minimum deposit requirement.
- Leverage up to 1: 500 is the maximum.
- More than 300 trading financial products are available.
- EUR/USD spreads begin at 1.1 pips.
- zero commission fees
- access to a wide range of instructional materials, tools, and content
- Access to a strong, user-friendly, proprietary trading platform across online and mobile applications.
Customer evaluations of Moneta Markets
wonderful to trade with,
I used a bank wire transfer to make my first withdrawal from Moneta Markets, and I couldn’t be happier with how quick it was—it only took one day. And now that I can see it in my bank account, I’m incredibly motivated to continue trading and eventually withdraw once more.
I appreciate the excellent service you provided to your client, Moneta Group.
Let’s expand this brand.
Deposit & Withdrawal from a Moneta Markets Account
The forex for beginners won’t charge you any direct fees when you deposit or withdraw money. The one exception is if you use a foreign bank wire transfer, which could cost you money.
A minimum transfer of this kind is 20 units of your base currency, or $20. There can be a minor conversion fee if you deposit a currency other than the base currency.
Deposits are often processed instantly. Receiving a bank transfer deposit may take two to five business days. Refunds take 1-3 business days to process.
Inactivity of Moneta Markets Account
After 30 days, the Moneta Markets sample account expires. There is no inactivity fee for live accounts. You can always contact the broker support staff if you have any problems.
How to terminate your account with Moneta Markets
Withdrawing any funds from the account is the first step if you decide to close it.After completing this, you can ask the broker to delete your account. Once more, the broker support team will be there to assist you if you run into any problems.