Moneta Markets Review 2026

Moneta Markets scores 72.8 out of 100 and is an unusual broker. Based in Dubai with an FCA licence acquired in September 2025, it straddles the line between emerging market broker and regulated operation. The Ultra ECN account charges just $2/lot round-turn with raw spreads, and leverage goes up to 1:1000 on some entities. There are over 1,000 instruments. But the brand is young (founded 2018), the FCA licence is brand-new, and the regulatory picture is complex across multiple jurisdictions. Worth watching, but approach with appropriate caution.

Overall Score: 72.8 / 100

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Moneta Markets at a Glance

Score Breakdown

Trading Costs at 84 is the strongest category, driven by the Ultra ECN's $2/lot pricing and raw spreads. Regulation at 65 reflects the newness of the FCA licence and reliance on weaker regulators for most clients. Platforms at 65 is low because the proprietary ProTrader was discontinued in December 2025, leaving only MT4 and MT5.

Regulation & Safety

The FCA licence was acquired in September 2025. That matters. It means Moneta Markets bought an existing FCA-regulated entity rather than applying from scratch and going through years of review. The licence is legitimate, but the company's track record under FCA oversight is measured in months, not years.

The FSCA and SCA Dubai licences are the broker's original regulatory anchors. Both are Tier 2 regulators with reasonable standards. The Seychelles and Mauritius entities serve international clients with higher leverage.

Founded in 2018, Moneta Markets is eight years old. That's young. And with operations spanning Dubai, South Africa, London, Seychelles, and Mauritius, the corporate structure is complex. Client fund segregation is in place, but the multiple entities across different jurisdictions mean the level of protection depends heavily on which entity you sign up with.

Trading Costs

Spreads

Raw spreads on the Prime ECN are tight. The headline 0.0 pip on EUR/USD is the minimum, not the average, but real-world averages still come in well below 0.5 pips. The Direct STP account at 1.3 pips EUR/USD is average for a spread-only option.

Commissions

• Direct STP: $0 per lot
• Prime ECN: $6 per lot round-turn ($3 per side)
• Ultra ECN: $2 per lot round-turn ($1 per side)

The Ultra ECN at $2/lot is the second-lowest commission we've seen, beaten only by Fusion Markets at $4.50. But the Ultra ECN requires a $20,000 minimum deposit, so it's only accessible to well-funded traders. The Prime ECN at $6/lot is competitive for everyone else.

Other Fees

• Inactivity fee: Yes (after 6 months of inactivity)
• Deposit fees: Free
• Withdrawal fees: Free for most methods

The inactivity fee is a downside. Most modern brokers have dropped this charge.

Account Types

*1:30 under FCA for retail clients, up to 1:1000 on offshore entities.

The 1:1000 leverage on offshore entities is among the highest in the industry. That's a double-edged sword. Useful for experienced traders who manage risk carefully. Dangerous for beginners. The FCA entity caps retail leverage at 1:30, as required by regulation.

Islamic accounts are available. Demo accounts with virtual funds for practice.

Trading Platforms & Tools

Moneta Markets now offers MT4 and MT5 only.

The proprietary ProTrader platform was discontinued in December 2025. That's a loss. It was a modern web-based alternative to MetaTrader. With it gone, Moneta Markets lags behind competitors who offer cTrader, TradingView, or other modern platforms.

MT4 and MT5 are the standard offerings. They work, they're reliable, but they're also what every other broker offers. No cTrader, no TradingView integration. For a broker that competes on cost, the lack of platform variety is a real gap.

1,000+ instruments including forex, indices, commodities, share CFDs, crypto CFDs, ETFs, and bonds. The instrument range is decent and broader than Fusion Markets or Tickmill.

Copy trading was previously available through ProTrader but its status is unclear after the discontinuation.

Final Verdict

Moneta Markets is a mixed bag. The cost proposition is genuinely attractive, especially on the Prime ECN at $6/lot and the Ultra ECN at $2/lot for high-volume traders. And the FCA licence acquisition signals ambition to be taken seriously in regulated markets.

But the brand is young, the FCA licence is new, the ProTrader discontinuation leaves a platform gap, and the multi-entity structure means your protection varies wildly depending on which jurisdiction you're in. The FCA entity offers strong protection. The Seychelles entity offers very little.

For experienced traders comfortable with MetaTrader who prioritize low costs and high leverage, Moneta Markets is worth considering. But go in with your eyes open about which entity you're trading under.

Not yet ranked in our category pages, pending further track record under FCA oversight.

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