Moneta Markets

Moneta Markets broker is a brokerage that spun out of the Vantage group and in recent years became known among Iranian traders for its Persian website and support. In this overview, we review Moneta Markets' history, licenses, accounts, platforms and risks based on Teagle's data, with one important note: this broker has stopped serving Iranians.

What kind of broker is Moneta Markets?

According to Teagle's data, Moneta Markets was launched in July 2020 as a subsidiary of the VantageFX group under the management of Eric M. Kittner, aiming to attract beginner traders by relying on the parent company's infrastructure. In September 2022, Moneta became an independent entity. On its website, the broker talks about "more than 10 years of experience," which most likely refers to the parent company's history; a point that can be a red flag for traders who value transparency. You can read the story of this separation in the article The story of Moneta Markets' split from the Vantage group and the parent company's growth path in Vantage FX's expansion roadmap . Moneta claims to have more than 70,000 active clients and a monthly trading volume of over $100 billion.

Does Moneta Markets serve Iranians?

No. According to Teagle's Farvardin 1405 update, Moneta Markets has announced that it has stopped serving Iranians, and Iranian users who already had accounts had until April 30, 2026 (10 Ordibehesht 1405) to settle the status of their accounts and funds. So whatever follows about payment methods and Persian-language services reflects this broker's track record in the Iranian market more than an option available today. Even before this, no officially registered representative for Iran had been introduced, and operations were carried out through the Persian version of the website.

Moneta Markets licenses and credibility

Based on Teagle's latest review, Moneta Markets holds two active licenses:

• FSA (Financial Services Authority, number SD144), status: Active;
• FSCA (Financial Sector Conduct Authority, number 47490), status: Active.

Neither of these is among top-tier regulators such as the FCA or CySEC. Teagle's expert considers the broker's biggest weakness to be its reliance on offshore regulation for international clients, meaning there is no investor compensation scheme for them. To better understand this difference, see the guide Offshore vs. onshore brokers and their differences .

Moneta Markets trading accounts

Moneta Markets offers three accounts with floating spreads, and all of them also have an Islamic (swap-free) version:

• Direct account: minimum deposit $50, no commission, spreads from 1.2 pips and leverage up to 1:1000.
• Prime account: minimum deposit $50, spreads from zero and a commission of $3 per lot (per side), leverage up to 1:1000.
• Ultra account: minimum deposit $20,000, spreads from zero and a commission of $1 per lot (per side), leverage up to 1:500.

The margin call level on all three accounts is 50% and the stop-out is 20%. Tradable instruments include 44 currency pairs, 16 indices, 19 commodities, more than 700 share CFDs, more than 50 ETFs and 7 bonds. The Ultra account, with its low commission, is attractive for large capital, but its minimum deposit is out of reach for most retail traders. If you are torn between a commission-based and a commission-free account, read Comparing the ECN account with other accounts .

Moneta Markets platforms and services

Trading at Moneta is done on MetaTrader 4, MetaTrader 5, the Pro Trader platform and the App Trader application, and CopyTrader and the Metaquotes app are also listed among the platforms. According to Teagle's data, Pro Trader is built on TradingView and offers a familiar user experience for technically minded traders; if you are new to this environment, the guide to connecting your broker account to TradingView is helpful. Services such as copy trading, cashback, bonuses, virtual private server (VPS), economic calendar, Market Buzz, Market News TV, education, calculators and a glossary are also provided.

Deposits and withdrawals at Moneta Markets

During the period when Moneta served Iranians, deposits via Tether, TopChange and FX-IR were instant and free of broker fees, and withdrawals were usually processed within 24 hours. With services halted, these methods are no longer an active option for Iranian users.

Moneta Markets' score and risk on Teagle

Moneta Markets' final score on Teagle is 3.97 out of 5, the average of five sources: Forex Peace Army 4.67, Teagle users 4, Trustpilot 3.9, Teagle's expert 3.7 and WikiFX 3.56. The Teagle Eye risk index for this broker is 21 out of 100, in the "low to medium risk" category; two active licenses, good credibility scores and positive user reviews have kept it low. Follow where low-risk brokers stand in the ranking of the lowest-risk brokers .

Pros and cons of Moneta Markets

• Pro: modern Pro Trader platform alongside MT4 and MT5
• Pro: low commission on the Ultra account for professional traders
• Pro: a wide range of instruments, from forex to shares, ETFs and bonds
• Con: services to Iranian users halted since Farvardin 1405
• Con: reliance on offshore regulation for international clients and no compensation scheme
• Con: short track record as an independent entity and higher costs on some assets such as indices

Who is Moneta Markets suitable for?

For traders outside Iran who knowingly accept offshore regulatory risk in exchange for modern platforms and low costs, Moneta Markets is an option worth considering. For users living in Iran, with services officially halted, opening a new account is not recommended. If you are looking for a broker with similar infrastructure, weigh Moneta against its rival in the Moneta Markets vs. VT Markets comparison .

Conclusion

In terms of platforms and trading conditions, Moneta Markets is a competitive broker, and Teagle's risk index also places it in the low-to-medium category, but the halt of services to Iranians is the most important fact about it today for Teagle's audience. If you still have funds with this broker, follow up on your account status with support, and test any alternative broker with small capital and a trial withdrawal. Also follow the latest warnings on the investment risk warning page .