What Account Types and Fees Does Moneta Markets Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Direct STP Account |
Beginners |
Low spreads from 1.2 pips, no commission |
Minimum deposit of $50, suitable for small-capital practice |
| Prime ECN Account |
Scalpers and EAs |
Spreads from 0.0 pips, $3 per lot commission |
Minimum deposit of $50, good for high-frequency trading |
| Ultra ECN Account |
Professional traders |
Spreads from 0.0 pips, $1 per lot commission |
Requires a minimum deposit of $20,000, designed for advanced trading strategies |
| Islamic Account |
Clients needing swap-free options |
All account types available with no swap fees |
Must comply with Islamic finance principles |
| Demo Account |
New traders |
Practice trading without risk |
Available for 30 days, ideal for learning and testing strategies |
Account Opening Process
To open an account with Moneta Markets, follow these steps:
1. Register by providing personal information, including your name, email, and phone number.
2. Complete the employment and financial information sections to better tailor your trading experience.
3. Submit identity verification documents, which include a government-issued ID and proof of address (e.g., utility bill, bank statement).
4. Once your identity is verified, you can start trading immediately. Moneta Markets also allows for the flexibility to upgrade to a professional account later, depending on your trading needs and experience.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3 per lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3 per lot) |
Competitive spreads for GBP pairs |
| CFDs (Gold) |
0.3 |
$1 per lot |
Popular commodity with low trading costs |
| CFDs (Indices) |
1.5 |
$0 |
Spreads vary by index |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market volatility |
Other Fees
Moneta Markets maintains a transparent fee structure. Key aspects include:
– Deposit/Withdrawal Fees: No internal fees for deposits or withdrawals, but intermediary banks may charge fees.
– Inactivity Fees: A fee may apply if an account remains inactive for a specified period.
– Platform Usage Fees: There are no fees for using the trading platforms (MT4, MT5, etc.).
– Overnight Interest: Swap rates apply for positions held overnight, reflecting the difference in interest rates.
– Currency Conversion Fees: Fees may apply for conversions between different currencies when trading.
