It was established in 2019 and is important for the Vantage Group of organizations. Moneta Markets holds its customer’s assets at National Australia Bank as a component of its Cayman Islands offering. The interest it draws can largely be attributed to its parent company’s credentials.
The Moneta Market firm is legalized and regulated with association of its parent company (Vantage FX Review) by the following regulators
A single account is available for customers as of right now which is where it lacks behind as compared to some other well known forex broker companies
The CFD account is the only one that is offered by the firm, which follows some of the market trends and the pricing seems to be within the competitor range
The trading platform is a dedicated trading tool powered by PandaTS a development team that handles and manages the forex industry. The layout and user interface is clean and not overly-complicated as some others prefer to do but the lack of features proves to be a drawback as many users find it troublesome to work on the platform as compared to other trading platforms
Some well known trading tools powered by Trading Central are provided but they are not integrated within the trading platform rather they redirect to external links where the features and usage creates a separate entity if any work is needed to be done. This creates a confusing loop for some customers as moving around from link to link can be tiring and not worth the effort. The tools itself help out in trading in general but the lack of a proper integrated gateway hampers the work put in by the brokerage firm to stay competitive with other brokers such as CMC Markets, Go-Markets etc.
Moneta Market does not offer much on the education side either, this maybe due to its relatively new status but they could take a leaflet out of their parent company Vantage FX for their clean and composed work flow
This aspect of the education content is helpful but the major flaw that still presides is that most of the content is controlled by third party providers and the lack of originality hurts them here although there have been signs of improvement which should lead them in the right direction in the near future
There are a total of 114 videos that are each a few minutes to just under ten minutes at most. They could improve upon this by adding more content with more detailed and informative structures. The videos seem to follow a basic template and seem repetitive at times. Improving upon this could help it become a better broker in the online trading game.
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