Moneta Markets Account Opening

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Choosing Moneta Markets as your broker to do your first trade is a good idea, go for it. In this article, we are going to take you through all the steps necessary, from the registration all the way to setting up your first order. At Moneta Markets, opening an account is easy, and needs no prior knowledge. If you have opened an account anywhere on the internet before, you pretty much already know what to expect.

To give you a brief summary: Moneta Markets is a global forex and CFD broker. Moneta Markets is a brand name of Vantage Group, which is regulated by several authorities, including the top-tier ASIC.

My key findings in a nutshell

My key findings in a nutshell

Krisztián Gátonyi

Method-man | Forex • Market Analysis • Algo Trading

I have more than 15 years of experience as a forex trader, actively trading on a daily basis with many currency pairs. I put great emphasis on risk management and self-discipline: I keep a trading journal to help me stick to my strategy, and I have sharpened my keen sense of broker safety by testing more than 50 forex brokers.

Learn about our methodology

Krisztián Gátonyi

Method-man | Forex • Market Analysis • Algo Trading

I've thoroughly tested Moneta Markets services with our analyst team by opening a real-money account and these are my most important findings:

• Signing up just takes 15 minutes on average, while the approval of your account could take 1 day
• You will need to prove your identity and residency with documents. Some examples:
  • Proof of identity: national ID / passport / driver's license
    Proof of residency: bank statement / utility bill / driver's license / credit card statement
• Moneta Markets is a reliable broker regulated by a top-tier regulator
• Visit Moneta Markets's site and start registering now!

First, let's see if Moneta Markets is available in your country?

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.

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74-89% of retail CFD accounts lose money

First you need to fill a registration form to apply for an account. Your application needs time to be verified [1 day] after which you can deposit and start trading.

Moneta Markets account opening step-by-step guide

1. Go to Moneta Markets's website to start the account opening process.
2. Follow the account opening process: it is self-evident, but you might need help at some point. Don't worry, we cover the main issues here.

Which Moneta Markets account to choose?

If you want to explore the possibilities offered by this broker, you will need to choose an account type, and for that, you should consider how experienced you are in trading and investing.

We have more details about the available account types in our review for you to explore.

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74-89% of retail CFD accounts lose money

Which base currency to choose?

Why does this matter? You can cut your costs.

• If you fund your trading account in the same currency as your bank account, or you trade assets in the same currency as your trading account base currency, you don't have to pay a conversion fee.
• A convenient way to save on the conversion fees is by opening a multi-currency bank account at a digital bank, which is fast and easy.

The base currencies at Moneta Markets are: USD, EUR, GBP, NZD, SGD, JPY, CAD, HKD, BRL.

Once you have filled out the form, uploaded your documents, chose your account type, base currency and finished the trading survey, Moneta Markets will verify your account very shortly.

Why do I need to fill the trading experience survey?

It might seem scary at first, but it is nothing to worry about. This is standard procedure, as brokers need to make sure that you have a basic financial knowledge and you are aware of the risks of trading.

Also don't worry if the broker asks questions about your financial background e.g. your available assets, salary range. This is also part of the risk assesment process - to make sure you don't take on investments and trades you can't afford.

To do your first trade, you have to fund your account. Generally, brokers offer a Bank transfer / ACH / Credit or debit card / E-wallet transfer solution.

Is there a minimum deposit at Moneta Markets?

Unfortunately, yes. At Moneta Markets, the minimum deposit amount is $50.

This means that you have to deposit at least $50 to be able to start trading.

However, if you feel like this service is not your cup of tea: no worries. After depositing, you can opt out and withdraw your funds anytime.

If you received your verification email, you are good to go to fund your account and start investing!

Here's how to start after funding your account:

• First, check the products on the platform. You can also search for assets using its search tool,
• Here, you'll see a list of assets by certain categories, like asset classes,
• Click/tap on an asset to see its chart,
• After this step, it is easy to specify the transaction size, order types, and terms.

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74-89% of retail CFD accounts lose money

Yes, Moneta Markets can be considered a legit broker, as it is regulated by at least one top-tier regulator, which is a great sign for reliability.

For you, this means that your money is in good hands and you will most probably not become a victim of a scam by Moneta Markets.

Throughout the account opening process at Moneta Markets, you won't be required to pay anything to create your account. Also, you can close your account anytime you like.

Every time you are planning to dive into finances, make sure you know who you trust your money with. Make sure that the broker is considered trustworthy. We, at BrokerChooser, only recommend regulated brokers on our site, meaning the broker's operations are overseen by a trusted body.

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74-89% of retail CFD accounts lose money

You are awesome for having read through this article! Opening an account might seem cumbersome at first, but the best time to start dealing with your finances is always right now.

We want to help you along the way, so if you are stuck somewhere, have a question, or a suggestion, please drop a message on our Forum..