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TickmillMoneta Markets Review
Written by Steven Hatzakis
Edited by John Bringans
Fact-checked by Blain Reinkensmeyer
Steven HatzakisSteven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. He is a forex industry expert and an active fintech and crypto researcher.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Moneta Markets offers the MetaTrader suite of platforms as well as a web and mobile app powered by TradingView. While it does support a decent range of third-party features and a growing range of markets, Moneta Markets has limited research and educational offerings, and its loss of a Tier-1 license weighs down its Trust Score.
-
Minimum Deposit:
$50 -
Trust Score:
71 -
Tradeable Symbols (Total):
1016
| Range of Investments | |
| Commissions & Fees |  |
| Platforms & Tools | |
| Research | |
| Mobile Trading | |
| Education |  |
Check out ForexBrokers.com's picks for the best forex brokers in 2025.
| 2025 | #35 |
| 2024 | #36 |
| 2023 | #36 |
| 2022 | #29 |
| 2021 | #22 |
Can I open an account with this broker?
Yes, based on your detected country of HK, you can open an account with this broker.
Table of Contents
Pros & cons
Pros
- PRO Trader web platform lets you trade directly from charts.
- Copy trading is available via Pelican and ZuluTrade.
- Supports MetaTrader plus TradingView-powered platforms.
Cons
- Not ideal for low-cost trading unless you deposit $20,000+.
- Site had outdated modules and broken content during testing.
- Research lacks depth despite Trading Central.
My top takeaways for Moneta Markets in 2025:
- I like that the PRO Trader web-platform, powered by TradingView, offers the ability to trade directly from the charts and the ability to drag-and-drop when modifying orders.
- If you're looking to use third-party trading software, Moneta Markets offers both TradingView and the popular MetaTrader suite.
- I'd like to see Moneta Markets acquire a Tier-1 license from an international regulatory agency, which would boost its Trust Score.
Trust Score
Developed by ForexBrokers.com and in use for nearly 10 years, Trust Score is a proprietary rating system powered by a range of unique quantitative and qualitative metrics, including each company’s number of regulatory licenses. Trust Scores range from 1 to 99 (the higher a broker’s rating, the better). Learn more.
Is Moneta Markets safe?
Moneta Markets is considered Average Risk, with an overall Trust Score of 71 out of 99. Moneta Markets is not publicly traded, does not operate a bank, and is authorised by zero Tier-1 regulator (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). Moneta Markets is authorised by the following Tier-1 regulators: None. Learn more about Trust Score.
| Feature |
 Moneta Markets
|
|---|---|
| Year Founded | 2009 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 0 |
| Tier-2 Licenses | 1 |
| Tier-3 Licenses | 0 |
| Tier-4 Licenses | 1 |
Range of investments
The range of markets available will depend on which Moneta Markets entity and platform you use, with up to 1016 symbols available across various CFD markets including forex, shares, indices, commodities, and metals.
Cryptocurrency: Cryptocurrency trading is available at Moneta Markets through CFDs, but not available through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents.
The table below summarizes the different investment products available to Moneta Markets clients.
| Feature |
Moneta Markets
|
|---|---|
| Forex Trading (Spot or CFDs) | Yes |
| Tradeable Symbols (Total) | 1016 |
| Forex Pairs (Total) | 45 |
| U.S. Stock Trading (Non CFD) | No |
| Int'l Stock Trading (Non CFD) | No |
| Social Trading / Copy Trading | Yes |
| Cryptocurrency (Physical) | No |
| Cryptocurrency (Derivative) | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Moneta Markets fees
Trading costs at Moneta Markets vary depending on which of its three account options you choose: the commission-based Moneta Prime ECN and Ultra ECN accounts, or the commission-free Direct STP account. Moneta Markets’ STP account is commission-free although spreads are higher forex trading, compared to its Prime ECN account. Likewise, its Ultra ECN account is better than the industry average with tighter spreads and a commission of $2 per round-turn lot, but requires a $20,000 deposit. Overall, Moneta Markets’ pricing can’t yet compete with the best forex brokers.
Spread-only accounts: The Direct STP account boasts an average spread of 1.38 pips for the EUR/USD pair for the month of August 2023.
Commission-based accounts: The Prime ECN account features an average spread of 0.194 pips for the EUR/USD pair (during August 2023), and a commission of $3 per side for every 100,000 units (or $6 per round-trip standard lot). This brings the all-in cost for the Prime ECN account to roughly 0.79 pips (0.19+0.60), which is slightly below the industry average. By comparison, the Ultra ECN account features an even lower commission of $2 round-trip ($1 per side) for traders who deposit $20,000 or more.
| Feature |
Moneta Markets
|
|---|---|
| Minimum Deposit | $50 |
| Average Spread EUR/USD - Standard | 1.38 |
| All-in Cost EUR/USD - Active | 0.79 |
| Active Trader or VIP Discounts | No |
| ACH or SEPA Transfers | No |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
| Bank Wire (Deposit/Withdraw) | Yes |
Mobile trading apps
Moneta Markets offers the MetaTrader suite of platforms, as well as the AppTrader mobile app powered by TradingView. Moneta Markets’ AppTrader provides the standard TradingView experience that technical traders appreciate. Moneta Markets also offers a few extra add-ons to enhance the default MetaTrader experience.
Mobile app charts on Moneta Markets, featuring advanced technical tools.
Apps overview: Moneta Markets provides AppTrader, powered by TradingView, alongside the full MetaTrader mobile platform suite (MT4 and MT5), which are all available on Google Play for Android and on Apple’s App Store for iOS devices.
Steven's take
"Though AppTrader is easy to use, there just isn’t a whole lot going on in the app; there's plenty of room to improve beyond the basic TradingView experience. It'd be great to see Moneta mirror some of its web platform’s features on the mobile app."
Charting: Charts within AppTrader are powered by TradingView, and match the web version with over 100 indicators available by default. While there is lot to like about AppTrader, the mobile app experience has fewer features than the best brokers in this category. For comparison, Saxo has nearly perfected the art of creating a rich trading experience across devices (even trend lines are synced across platforms).
| Feature |
Moneta Markets
|
|---|---|
| Android App | Yes |
| Apple iOS App | Yes |
| Mobile Alerts - Basic Fields | Yes |
| Watchlist Syncing | Yes |
| Mobile Charting - Draw Trendlines | Yes |
| Mobile Charting - Multiple Time Frames | Yes |
| Mobile Economic Calendar | Yes |
| Mobile Charting - Indicators / Studies | 30 |
Trading platforms
From Moneta Markets platform offering, I found the PRO Trading platform is very well integrated into the user experience and switching between platforms via the client portal is very straightforward. You can also access MetaTrader 4 (MT4) or MetaTrader 5 (MT5) on both desktop and web.
The Moneta Markets client portal, featuring its economic calendar.
Platforms overview: Moneta Markets offers you two choices of trading platforms: the MetaTrader platform suite (MT4 and MT5) developed by MetaQuotes Software Corporation, and the Pro Trader web-based platform powered by TradingView.
Charting: The MetaTrader platforms are widely used among technical analysis enthusiasts for their robust charting capabilities, Moneta's ProTrader web platform - powered by TradingView - features equally impressive charting that allows you to add trendlines, indicators, and drawing tools.
Trading tools: The Moneta Markets client portal features a growing selection of trading tools, such as Trading Central’s Market Buzz, Featured Ideas, and Economic Calendar, alongside custom indicators and links to various resources. However, as these features are not integrated within the trading platform, the need to switch back and forth to access these resources can be an incovenience.
Platform usability: The first thing I noticed on the Pro Trader platform is the smooth HTML5 that is now the industry standard for web-based trading apps and the iconic look and feel of the TradingView charts and platform layout. The platform is also incredibly easy to navigate. While beginner forex traders may find the Pro Trader platform suitable for their needs, more demanding traders may be left wanting more. For example, complex order types such as a trailing stop-loss are not yet available on Pro Trader.
| Feature |
Moneta Markets
|
|---|---|
| Virtual Trading (Demo) | Yes |
| Proprietary Platform | No |
| Desktop Platform (Windows) | Yes |
| Web Platform | Yes |
| Social Trading / Copy Trading | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| DupliTrade | Yes |
| ZuluTrade | No |
| Charting - Indicators / Studies (Total) | 105 |
| Charting - Drawing Tools (Total) | 78 |
| Charting - Trade From Chart | Yes |
| Watchlists - Total Fields | 4 |
Market research
Moneta Markets provides access to good third-party content from Trading Central, but does not otherwise provide much in the way of in-house research, and therefore trails the industry average in this category, far behind research leaders Saxo and IG.
Research overview: Moneta Markets hosts videos from its Moneta TV series, but otherwise its research content is sourced almost entirely from third-party sources – such as the suite of research tools from Trading Central and streaming headlines from FxWirePro – with little-to-no in-house content. In its ProTrader platform, headlines stream from Google News from sources such as DailyForex, Trading Pedia, FXStreet, as well as other brokers and news providers.
Featured Ideas section on Moneta Markets, aiding informed trading decisions with analysis from Trading Central.
Social Copy-Trading: Moneta Markets offers the Moneta CopyTrader app powered by Pelican Exchange, providing access to over 6000 strategy providers that you can copy from within its network. Duplitrade is also available, helping to round out its social copy trading offering, while ZuluTrade is no longer being offered across its websites.
Market news and analysis: Daily market briefings are available on the broker's YouTube channel under the Moneta TV series powered by Trading Central. Both video series follow a consistent daily template with a high-level overview of key market movements. Though a bit plain, the videos are quick snippets that I found to be useful and easy to digest. I would like to see these videos integrated into the platform (and not just the client portal and website), which would make them easier for traders to consume.
Trading Central: Moneta Markets provides access to several third-party research tools from Trading Central, such as Market Buzz, Featured Ideas, and the Economic Calendar. To access these tools, however, clients will need to maintain an account balance of at least $500. For comparison, some of the best forex brokers offer such content and premium tools for all live account holders. Furthermore, these tools are not directly integrated into the trading platform.
| Feature |
Moneta Markets
|
|---|---|
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Autochartist | No |
| Trading Central (Recognia) | Yes |
| Social Sentiment - Currency Pairs | Yes |
Education
Moneta Markets’ educational content doesn't offer much beyond the videos available in its Masters Course. The Masters Course covers multiple asset classes, and deftly explores a variety of topics and categories with brief video clips for beginners, and longer videos for more advanced concepts.
Learning center: The Moneta Markets Masters Course features a total of 114 videos that range from just a few minutes to about ten minutes long, many of which I found to be useful.
Room for improvement: I’d like to see Moneta Markets add more content (such as webinars) to its YouTube channel. It would also benefit from an expansion of its published written content, which would help to fill the gap in its educational offering. For instance, adding structured courses with progress tracking and quizzes and diving deeper into subject content could help improve its educational offering, beyond the existing video library from Trading Central.
| Feature |
Moneta Markets
|
|---|---|
| Education (Forex or CFDs) | Yes |
| Client Webinars | No |
| Client Webinars (Archived) | Yes |
| Videos - Beginner Trading Videos | Yes |
| Videos - Advanced Trading Videos | Yes |
| Investor Dictionary (Glossary) | Yes |
Final thoughts
Testing Moneta Markets left me with a clear takeaway; to compete with the best forex brokers, it needs to enhance its offering in multiple categories, including by acquiring a Tier 1 license again to boost its Trust Score which has otherwise fallen in recent years. Despite making progress in several categories, Moneta Markets still trails the industry average in its research and educational content, and lags behind the best forex brokers in key categories such as trading costs and the availability of mobile trading apps and platforms.
Moneta Markets Star Ratings
| Feature |
Moneta Markets
|
|---|---|
| Overall Rating |
|
| Trust Score | 71 |
| Range of Investments |
|
| Commissions & Fees |
|
| Platforms & Tools |
|
| Research |
|
| Mobile Trading |
|
| Education |
|
ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Here's how we test.
Our testing
Why you should trust us
Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA).
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At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
Mobile testing is conducted on modern devices that run the most up-to-date operating systems available:
- For Apple, we use MacBook Pro laptops running macOS 15.3, and the iPhone XS running iOS 18.3.
- For Android, we use the Samsung Galaxy S20 and Samsung Galaxy S23 Ultra devices running Android OS 15.
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Our researchers thoroughly test a wide range of key features, such as the availability and quality of watch lists, mobile charting, real-time and streaming quotes, and educational resources – among other important variables. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms.
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.
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About Moneta Markets
Moneta Markets was founded in 2019, and currently holds regulatory status in South Africa with the Financial Services Conduct Authority (FSCA), as well as with the Financial Services Authority (FSA) in the Seychelles. The Moneta Markets brand serves over 70,000 clients and handles over $100 billion in monthly trading volume.
About the Editorial Team
Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
John Bringans is the Managing Editor at ForexBrokers.com. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.