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Is Moneta Markets free?

Your expert
Krisztián G.
Fact checked by
Tamás D.
Updated
2w ago
Personally tested
Data-driven
Independent

Is Moneta Markets free as of September 2024?

Disclaimer: 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Moneta Markets does not provide access to real stock trading on US markets. If you are looking for a zero-commission broker to trade on US stock exchanges, you can check our article detailing the best apps offered in this category of brokers. If you wish to stick with Moneta Markets though, then you will find the fees they charge below.

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74-89% of retail CFD accounts lose money

Overall score
4.3/5
Minimum deposit
$50
FX fee
Low
Index CFD fee
Average
Withdrawal fee
$0
Account opening
1 day
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74-89% of retail CFD accounts lose money

Overview of Moneta Markets fees and charges

It's safe to say that Moneta Markets's fees are low in general. They either don't charge a brokerage fee for things that other brokers do, or they only charge a small amount.

Here's a high-level overview of Moneta Markets's fees

Moneta Markets Fees snapshot
Assets Fee level Fee terms
US stock fee - Not available
EURUSD fee Low ECN account: $3.00 commission per lot per trade plus spread cost. 0.2 pips is the average spread cost during peak trading hours.
US mutual fund fees - Not available
Inactivity fee Low No inactivity fee

The fees were collected on 7 Dec 2023, but the actual rates are subject to change. To see current rates, check Moneta Markets's website.

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74-89% of retail CFD accounts lose money

Moneta Markets fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because online brokerages' businesses can be much better scaled: from a purely technical standpoint, it doesn't make that much of a difference for them if they have 100 or 5,000 clients.

This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.
    • A commission is either fixed or based on the traded volume.
    • A spread is the difference between the buy price and the sell price.
    • A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.

We compare Moneta Markets fees with its closest competitors, Fusion Markets and IC Markets.

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74-89% of retail CFD accounts lose money

Moneta Markets trading fees

Moneta Markets's trading fees are low, which makes it suitable for you even if you trade often (i.e. several times a week).

Let's break down trading fees according to the different asset classes available at Moneta Markets.

Trading fees

Moneta Markets's trading fees are low.

Forex fees

Moneta Markets's forex fees are low.

Forex fees of a $20,000 30:1 position (open, 1-week-hold and close)
EURUSD benchmark fee
$10.0 $9.7 $9.5
EURGBP benchmark fee
$11.0 $8.9 $9.6

Data updated on September 23, 2024

The fees were collected on 7 Dec 2023, but the actual rates are subject to change. To see current rates, check Moneta Markets's website.

Futures fees

Moneta Markets's futures fees are .

Stock index futures fees for 10 contracts
US micro e-mini stock index futures
-
-
-
UK stock index futures
-
-
-
German e-mini stock index futures
-
-
-

Data updated on September 23, 2024

CFD fees

Moneta Markets has average CFD trading fees.

CFD fees and commissions on a $2,000 trade
Apple CFD
$6.1
$0.1
$0.3
Vodafone CFD
$6.8
-
$2.6
Germany
- -
-

Data updated on September 23, 2024

The fees were collected on 7 Dec 2023, but the actual rates are subject to change. To see current rates, check Moneta Markets's website.

Currency conversion fee

Moneta Markets will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: Exchange rate received from liquidity providers plus a mark-up. We used the EURUSD trading fees for the calculation..

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74-89% of retail CFD accounts lose money

Moneta Markets non-trading fees

When it comes to non-trading fees, Moneta Markets is a rather cheap broker.

Non-trading fees include various brokerage fees and charges at Moneta Markets that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.

A high-level overview of how Moneta Markets stacks up in terms of non-trading fees
Withdrawal fee
$0
$0
$0
Deposit fee
$0
$0
$0
Inactivity fee
No
No
No
Account fee
No
No
No

Data updated on September 23, 2024

Visit broker
74-89% of retail CFD accounts lose money

Overall score
4.3/5
Minimum deposit
$50
FX fee
Low
Index CFD fee
Average
Withdrawal fee
$0
Account opening
1 day
Visit Moneta Markets

74-89% of retail CFD accounts lose money

Moneta Markets deposit fee

Usually, brokers don't charge anything for deposits, and Moneta Markets is no different.

Moneta Markets deposit methods
Bank transfer
Yes Yes Yes
Credit/debit card
Yes Yes Yes
Electronic wallets
Yes Yes Yes
Deposit fee
$0
$0
$0

Data updated on September 23, 2024

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74-89% of retail CFD accounts lose money

Moneta Markets withdrawal fee

Moneta Markets generally doesn't charge a withdrawal fee.

Moneta Markets withdrawal fees and options compared
Bank transfer
Yes Yes Yes
Credit/debit card
Yes Yes Yes
Electronic wallets
Yes Yes Yes
Withdrawal fee for bank transfer
$0
$0
$0

Data updated on September 23, 2024

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74-89% of retail CFD accounts lose money

Moneta Markets inactivity fee

Moneta Markets does not apply an inactivity fee, which is great because your account won't be charged even if you do not trade for an extended period (like several months or years).

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74-89% of retail CFD accounts lose money

Disclaimer: 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. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

author
Krisztián Gátonyi
Author of this article
I have 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. I'm actively involved in reviewing the 100+ brokers listed on our site. I personally open accounts with real money, execute trades, test customer services. I hold an MSc in International Business from the University of Middlesex. My purpose is to help people find the best investment provider.
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