What Account Types and Fees Does Moneta Markets Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Direct STP |
Beginners |
Spread-only pricing, no commission |
Minimum deposit of $50, suitable for small-capital practice |
| Prime ECN |
Experienced traders, scalpers |
Ultra-tight spreads starting from 0.0 pips, $6 commission per lot |
Requires minimum deposit of $50, ideal for automated trading |
| Ultra ECN |
Professional traders, money managers |
Spreads from 0.0 pips, $2 commission per lot |
Minimum deposit of $20,000, suitable for high-volume trading |
| Islamic Account |
Traders requiring swap-free conditions |
Complies with Sharia law, daily administration fee after 10-day swap-free period |
Available for all account types upon request |
| Demo Account |
All traders |
Access to a simulated trading environment with virtual funds |
Available for 30 days without needing to open a live account |
Account Opening Process
To open an account with Moneta Markets, follow these steps:
1. Complete the online registration form, providing personal, employment, and financial information.
2. Submit identity verification documents, including a government-issued ID and proof of address.
3. Once your identity is verified, you can fund your account and start trading.
Moneta Markets allows for account flexibility, including the ability to upgrade from a standard to a professional account later, depending on your trading activity and requirements.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $6/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $6/lot) |
Competitive for major pairs |
| CFDs (Gold) |
0.10 |
$6 (Prime ECN) |
Low cost for commodities |
| CFDs (Oil) |
0.50 |
$6 (Prime ECN) |
Competitive for energy trading |
| Indices (S&P 500) |
0.0 |
$6 (Prime ECN) |
Strong liquidity on major indices |
| Cryptos (BTC/USD) |
1.0% |
$0.1 |
Variable depending on market conditions |
Other Fees
In addition to trading fees, Moneta Markets has the following considerations:
– Deposit/Withdrawal Fees: No fees for credit/debit cards and e-wallets; wire transfers may incur intermediary fees.
– Inactivity Fees: Moneta Markets does not charge inactivity fees.
– Platform Usage Fees: None applicable.
– Overnight Interest (Swap Rates): Varies based on the instrument, viewable via the trading platform.
– Currency Conversion Fees: May apply depending on the account’s base currency and the method of deposit/withdrawal.
