Note: It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

General Information & Regulation

LiteForex is a Cyprus-registered company that provides online trading services for forex, commodities, indices, and metals markets. It is regulated by the Cyprus Securities and Exchange Commission (CYSEC) and offers two types of live accounts: ECN and Classic. LiteForex also provides a demo account, educational resources, and customer support in multiple languages. The company allows clients to deposit and withdraw funds via electronic transfers, bank cards, and bank wire transfers with a minimum amount of 10 USD and no extra fees.

In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.

What Type of Broker is LiteForex？

LiteForex is an STP (Straight Through Processing) broker that enables its clients to have direct access to interbank markets. This type of broker passes on their client's orders directly to liquidity providers, which are typically banks, without the need for a dealing desk. As a result, STP brokers are typically known for their transparency and faster order execution. LiteForex's STP model allows clients to experience pricing that reflects current market conditions, which can result in lower trading costs. However, since LiteForex does not have fixed spreads, clients may experience wider spreads during volatile markets. Additionally, requotes may occur due to the time it takes to process orders.

Pros & Cons

Pros:

• Wide range of tradable markets including currency pairs, indices, metals, and energy
• Competitive average spread for EURUSD at 0.5 pips
• Offers demo account for risk-free trading
• Provides various educational resources such as glossary, e-books, tutorials, and economic news
• Multiple language support for customer service
• Detailed deposit and withdrawal information with minimum amount of 10 USD and no extra fees

Cons:

• Limited information on spreads and commissions
• Maximum leverage of 1:30, which may not be sufficient for some traders
• Limited working hours for customer service

Market Instruments

LiteForex offers its clients a wide range of trading markets that includes currency pairs, indices, metals, and energy. This variety of instruments allows traders to find what they want to trade on the platform, whether they are beginners or experienced traders. However, LiteForex does not offer cryptocurrencies and stocks currently.

Account Types

LiteForex offers a demo account for beginners to practice trading without risking real money. For live accounts, the company provides two options: ECN and classic. The classic account has higher spreads but no commission, while the ECN account has lower spreads but a $3 commission per lot. This allows traders to choose the type of account that best fits their trading style and preferences.

Leverage

LiteForex offers a maximum leverage of 1:30, which is a commonly seen level in the forex industry. Leverage is an important aspect of forex trading as it allows traders to open positions larger than the amount of money they have deposited, which can lead to higher profits with successful trades. However, it also increases risk and potential losses, especially for inexperienced traders who may be tempted to over-leverage their positions. While higher leverage can be attractive to traders with smaller capital amounts, changes in market conditions can lead to sudden losses. It is important to note that regulators may restrict leverage levels in certain regions.

Spreads & Commissions

LiteForex's information on spreads and commissions is quite limited, which may make it difficult for traders to accurately assess the cost of trading with the broker. However, LiteForex does declare to have tight and variable spreads, with an average spread of 0.5 pips for EURUSD, which is a competitive level compared to other brokers in the market. The broker also does not have any hidden fees or charges, which can be seen as an advantage for traders. However, the lack of transparency on commission charges may be a disadvantage for traders who want to have a clear understanding of all the costs involved in trading with the broker.

Trading Platform

LiteForex offers both MT4 and MT5 trading platforms, which are widely recognized and trusted by traders in the industry. These platforms provide a user-friendly interface and a wide range of features and tools, making it easy for traders to analyze and execute trades.

Deposit & Withdrawal

LiteForex's deposit and withdrawal process offers several advantages to traders. Firstly, the broker supports multiple payment methods, including electronic transfers, bank cards, and bank wire transfers. Secondly, the minimum deposit requirement is only $10, making it easy for beginners to get started. Lastly, there are no extra fees charged for deposits or withdrawals, which is a bonus for traders on a tight budget. However, LiteForex does not offer e-wallet options, which is a popular payment method among traders, and the information on withdrawal processing times is limited. Additionally, local bank transfer is not available in some countries.

Educational Resources

LiteForex offers a comprehensive range of educational resources for traders of all levels. With glossaries, e-books, tutorials, strategies, economic calendars, analytics, traders calculators, currency rates, economic news, and more, LiteForex provides a wide range of resources to help traders make informed decisions.

Customer Service

LiteForex offers a variety of customer service options to its clients, including support in multiple languages and two contact options: email and phone. However, there is no live chat available, and customer support is only available during limited working hours from 9 a.m. to 9 p.m. (GMT+2) on weekdays. Another downside is the lack of 24/7 customer support. Despite these limitations, the broker provides a physical address, which can add to clients' peace of mind. Moreover, during the working hours, the response time is quick, and clients can expect to receive a helpful response in a timely manner.

Conclusion

In conclusion, LiteForex is a well-established and reputable online forex and CFD broker, offering a wide range of trading instruments, educational resources, and customer support in multiple languages. With its user-friendly trading platforms, tight spreads, and low minimum deposit, it is an attractive option for both beginner and experienced traders. While its maximum leverage is relatively low compared to some other brokers, this can be seen as a positive aspect for traders who prioritize risk management. Overall, LiteForex seems to be a reliable and trustworthy choice for anyone looking to trade the financial markets. However, it is important to always do your own research and carefully consider the risks involved before making any investment decisions.

Frequently Asked Questions (FAQs)

Is LiteForex a regulated forex broker？

Yes, LiteForex is a regulated forex broker registered with the Cyprus Securities and Exchange Commission (CYSEC).

What trading platforms does LiteForex offer？

MT4 and MT5.

What financial instruments can I trade on LiteForex？

LiteForex provides currency pairs, indices, metals, and energy.

Does LiteForex offer a demo account？

Yes. Demo accounts are on offer on this platform.

Is LiteForex a good broker for beginners？

Yes, liteforex is a good choice for newbies because it operates legally, allows $10 to start trading, and offers risk-free demo accounts.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

What is Moneta Markets？

Founded in 2020, Moneta Markets is an Australian Forex and CFD broker, giving its clients access to a bulk of trading assets, including forex, commodities, indices and more through both MT4 and PRO Trader platforms, flexible leverage up to 1:1000, initial deposit as low as $50.

Concerning regulation, Moneta Markets is the trading name of Moneta Markets South Africa (Pty) Ltd, regulated by the Financial Sector Conduct Authority (FSCA) of South Africa under license number 47490 and located at 1 Hood Avenue, Rosebank, Johannesburg, Gauteng 2196, South Africa.

Besides, Moneta Markets is also a trading name of Moneta Markets Pty Ltd, authorized by the ASIC in Australia, holding an Appointed Representative (AR) license, with License No.: 001298177.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Moneta Markets appears to be a competitive broker with a wide range of trading instruments and account types, as well as multiple funding options and trading platforms. The broker's negative balance protection and segregation of client funds provide an added layer of security for traders. However, the limited educational resources and offshore regulated by FSA may be potential drawbacks for some traders.

Please note that this is not an exhaustive list and there may be additional pros and cons depending on individual preferences and circumstances.

Is Moneta Markets Safe？

Moneta Markets holds three regulatory licenses. The Seychelles Financial Services Authority (FSA) license is offshore regulated, Financial Sector Conduct Authority (FSCA) license is general registration, Australia Securities & Investment Commission (ASIC) license is regulated.

Moneta Markets also has registered with the FSCA in South Africa, with a Financial Service Corporate License. Yet, this license is beyond its business scope.

Moneta Markets appears to have proper regulatory licenses and measures in place to ensure the safety of client funds. Client funds are held in a segregated account with AA-Rated Global Bank and trading accounts have negative balance protection. They are also subject to regular audits and have comprehensive insurance. However, it's important to conduct thorough research and due diligence before investing in any financial product or service, as the market carries inherent risks.

Market Instruments

Moneta Markets offers a diverse range of over 1000 CFDs to trade, including Forex currency pairs, commodities, indices, share CFDs, ETFs, and bonds. This provides traders with ample opportunities to diversify their portfolios and take advantage of various market conditions.

Accounts

Apart from demo accounts, Moneta Markets offers three live accounts to cater to traders with different needs, Direct STP, Prime ECN, and Ultra ECN. The minimum deposit requirement is $50, $200 and $50,000 respectively. Moneta Markets also offers Islamic accounts for Direct STP and Prime ECN accounts, which are swap-free and designed for traders who want to adhere to Sharia law.

Leverage

Moneta Markets offers leverage options that vary depending on the asset class, with the highest leverage of up to 1000:1 available for forex, indices and precious metals. Energy instruments have a maximum leverage of 500:1, while soft commodities have a maximum leverage of 50:1, and share CFDs have a maximum leverage of 33:1. It is important to note that high leverage can lead to increased risk and potential losses, so traders should use caution and ensure they understand the risks involved before using leverage.

Spreads & Commissions

Moneta Markets offers different spreads and commissions depending on the account type. Direct STP accounts have spreads starting from 1.2 pips and no commission fees. Prime ECN accounts have spreads starting from 0.0 pips with a commission fee of $3 per lot per side. Ultra ECN accounts have spreads starting from 0.0 pips with a commission fee of $1 per lot per side. The commission fees are relatively low compared to other brokers, and the tight spreads can be attractive for traders who want to minimize trading costs.

Below is a comparison table about spreads and commissions charged by different brokers:

Note that spreads and commissions can vary depending on market conditions and account type.

Trading Platforms

Moneta Markets offers multiple trading platforms to its clients, including the PRO Trader, MetaTrader 4 (MT4), MetaTrader 5 (MT5) mobile apps, and MT4 WebTrader. The PRO Trader platform is the broker's proprietary platform that is designed for traders who prefer a customizable and user-friendly interface. MT4 and MT5 are popular trading platforms that provide advanced charting tools, technical indicators, and algorithmic trading capabilities. The MT4 WebTrader is a browser-based platform that allows clients to trade from any device with internet access, without the need to download any software. The mobile apps provide the convenience of trading on-the-go for iOS and Android devices.

Overall, Moneta Markets' trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders.

See the trading platform comparison table below:

Note: These may not be the only trading platforms offered by these brokers, and some platforms may only be available to certain account types.

Trading Tools

Moneta Markets provides a range of trading tools to help traders make informed decisions. The Premium Economic Calendar is a comprehensive tool that provides detailed information about upcoming economic events and their expected impact on the market. Technical Views provides a variety of technical analysis tools to help traders analyze market trends and patterns. Alpha EA is an automated trading tool that uses advanced algorithms to identify profitable trading opportunities. AI Market Buzz uses artificial intelligence to analyze market sentiment and identify potential trading opportunities. Forex Signals provides real-time trading signals to help traders make informed trading decisions. Finally, Market Masters Tutorials is a collection of educational resources that cover a wide range of trading topics and provide traders with valuable insights into the market.

Deposits & Withdrawals

Moneta Markets offers a variety of funding methods to accommodate traders globally, including International EFT, credit/debit cards (Visa, MasterCard), Fasapay, JCB Bank, and Sticpay, with a relatively low minimum deposit requirement of $50.

Moneta Markets Money Deposit

To make a deposit into your Moneta Markets account, you need to follow these steps:

Step 1: Log in to your Moneta Markets Client Portal;

Step 2: Click “Funds - Withdraw Funds” on the left side menu;

Step 3: Choose your preferred payment option to fund your account.

Base Currencies:

• USD: United States dollar ($)

• EUR: Euro (€)

• GBP: British pound sterling (£)

• NZD: New Zealand dollar (NZ$)

• SGD: Singapore dollar (S$)

• JPY: Japanese yen (¥)

• CAD: Canadian dollar (C$)

• HKD: Hong Kong dollar (HK$)

• BRL: Brazilian real (R$)

Moneta Markets minimum deposit vs other brokers

The broker also does not charge deposit and withdrawal fees, except for possible handling fees charged by the financial institution. The majority of deposits are processed instantly, while withdrawals are usually processed within 1-3 business days. However, International EFT withdrawals may take longer, up to 5 business days. It's worth noting that International bank wire transfers may incur additional fees charged by both the trader's and broker's financial institutions.

Moneta Markets Money Withdrawal

To withdraw funds from your Moneta Markets account, you need to follow these steps:

Step 1: Log in to your Moneta Markets Client Portal;

Step 2: Click “Funds - Withdraw Funds” in the left side menu;

Step 3: Complete the form and your withdrawal will be processed shortly.

Fees

Moneta Markets charges fees in the form of spreads and commissions for trading that we have mentioned before, but there are no deposit or withdrawal fees. Additionally, there is an inactivity fee of $10 per month for accounts that have been inactive for after 180 days of inactivity.

See the fee comparison table below:

Note: Fees may vary depending on the account type and payment method used. It is recommended to check with each broker for the most up-to-date information on their fees.

Customer Service

Moneta Markets seems to provide professional and dedicated customer support. Firstly, Moneta Markets relies on its FAQ section to give clients some general and basic answers concerning their trading process.

Secondly, clients with any inquiries can also get in touch with Moneta Markets through multiple contact channels. Here are some contact details:

• Phone: UK - 44 (113) 3204819, International - 61283301233

• Email: support@monetamarkets.com

• 24/5 Online Chat

Or you can also follow this broker on some social media platforms, such as Facebook, Instagram, Twitter, LinkedIn and YouTube.

Overall, Moneta Markets' customer service is considered reliable and responsive, with various options available for traders to seek assistance.

Note: These pros and cons are based on available information and may not be exhaustive.

Conclusion

Moneta Markets is a regulated online broker that offers a range of trading instruments, multiple account types, and trading platforms. They provide access to various trading tools, including a premium economic calendar, forex signals, and technical views. The broker offers competitive spreads and commissions, and they have various funding methods with no deposit and withdrawal fees. However, they have limited educational resources. Overall, Moneta Markets is a good option for traders looking for a reliable and comprehensive online trading experience.

Frequently Asked Questions (FAQs)

Is Moneta Markets legit？

Yes. It is regulated by ASIC, offshore regulated by FSA and has a general registration of FSCA license.

At Moneta Markets, are there any regional restrictions for traders？

Yes. Moneta Markets does not accept residents of Canada, the United States, or used by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Does Moneta Markets offer demo accounts？

Yes. Each Moneta Markets demo account lasts for 30 days before your login will expire.

Does Moneta Markets offer Islamic (swap-free) accounts？

Yes. Islamic (swap-free) accounts are available for Direct STP and Prime ECN accounts.

Is Moneta Markets a good broker for beginners？

Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.