MonetaMarkets | Brokerscout.ai

Broker bonuses

1
rating rating rating rating
76%
MonetaMarkets
  • Bonus:
    50%
  • Deposit:
    500$
Added 22.12.2023
Claim bonus! Details

Basic information

The broker, with 5 years of experience in the industry, provides clients with a variety of regulatory assurances including ASIC, CIMA, FSA, and FSCA. Despite the lack of a Trustpilot rating, the presence of support from important regulators can speak to a commitment to high standards of security and compliance across multiple jurisdictions.

Years in business 5
Trustpilot rate 4.5
Regulation ASIC, CIMA, FSA, FSCA

Support and education

Information that will help the trader to interact with the broker, as well as to engage in self-education.

The broker provides 24/7 customer support and service in 13 languages, providing convenience to traders around the world. The availability of familiarisation videos and platform videos enhances the visual learning experience. Despite the lack of deposit and withdrawal videos, the broker provides a comprehensive glossary and articles, as well as a variety of trader calculators (5 pieces) for deeper analysis. Extended courses and the availability of certificates emphasise its commitment to providing clients with a deeper level of education. Webinars complement the educational experience, although offline sessions are not available.

Support schedule 24/7
Support languages 13
Onboarding videos Yes
Platform videos Yes
Deposit & withdrawal videos No
Glossary & articles Yes, extended
Trading calculators 5
Courses & Certificates Extended courses
Webinars Yes
Offline sessions No

Promotions

Information about broker's bonus programs.

The broker provides clients with a variety of attractive promotions. In this case, there are no non-deposit bonuses, but there is an opportunity to get a welcome bonus of up to 50%, subject to certain additional conditions. Bonuses for subsequent deposits are presented in the form of a percentage of the deposit amount, also requiring the fulfilment of certain conditions. Cashback is provided in the form of real money, which is pleasant for traders. In this case there are no tournaments, but the broker encourages the "Bring a friend" promotion, providing more than $200 for each brought friend, subject to fulfilment of additional requirements.

No deposit bonuses No
Welcome bonus Yes, up to 50% by deposit
Retention bonuses Deposit bonuses
Cashback Yes, bonus independed
Tournaments / Contests No
Refer-and-Earn Yes, 200$+/friend

Platforms

Information about the main trading platforms of the broker.

The broker provides a variety of options for trading, supporting two popular platforms MetaTrader 4 and MetaTrader 5, as well as providing its own trading platform. The presence of several types of copy trading service provides clients with the ability to choose the best option according to their requirements and preferences. Combining this with the presence of multiple signal providers allows clients to expand their arsenal of trading tools and analytics sources to make informed decisions in the financial markets.

Metatrader 4 Desktop, mobile
Metatrader 5 Desktop, mobile
Own platform Desktop, mobile
Copytrading Several types
Signal providers Several

Trading

Information about the broker's trading and traded assets.

The broker provides Islamic trading accounts, catering to the needs of traders following Islamic finance principles. The maximum leverage ranges from 1:500 to 1:1000, providing a high level of financial leverage for traders looking to maximise their potential income. The minimum leverage is 1:20, providing a more conservative approach to risk management. The total number of assets on the platform can reach up to 10,000, providing an extensive choice for portfolio diversification. The provision of product rollovers opens up opportunities for traders interested in position holding strategies. It is worth noting that the broker does not provide synthetic assets, which may be important for certain traders focused on such instruments.

Islamic accounts Yes
Max leverage 1:1000
Min leverage 1:20
Assets: total count 1000 - 10000
Assets: currencies Major, minor, local exotic
Assets: cryptocurrencies 25-50
Assets: stocks 500-1000
Assets: commodities 10+
Assets: commodities rollover Major, minor
Assets: Indices No
Assets: synthetics

Deposit and withdrawal

Information about the interaction between the trading account and the broker.

The broker provides a variety of currency options for accounts, including major forex currencies (FX Majors), cryptocurrencies and minor currencies (minors). An important aspect is the presence of withdrawal fees, which should be taken into account when planning financial transactions. At the same time, the broker does not charge a commission for replenishment of the account, which provides additional convenience for clients. The minimum deposit varies from $10 to $100, which allows traders to choose the appropriate level depending on their financial capabilities. The minimum withdrawal amount is unlimited, giving clients flexibility in managing their funds.

Account currencies Major, minor, cryptocurrencies
Withdrawal commission Yes
Deposit comission No
Minimum deposit 50$
Minimum withdrawal Any

Screenshots

Home page of the site (desktop)
Home page of the site (desktop)
Home page of the site (mobile)
Home page of the site (mobile)
Main page (desktop)
Main page (desktop)
Main page (mobile)
Main page (mobile)
Home page. News
Home page. News
Home page. Markets
Home page. Markets
Buy/Sell EURUSD
Buy/Sell EURUSD
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Many of retail CFD accounts lose money. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Risk Warning

Before embarking on Forex trading, it is essential to thoroughly evaluate your investment objectives, level of experience, and risk tolerance. Never allocate funds that you cannot afford to lose.

Off-exchange foreign exchange transactions carry significant risks, encompassing leverage, credit risk, limited regulatory protections, and market volatility. These factors can significantly influence currency prices and liquidity.

Furthermore, the leverage inherent in forex trading means that market fluctuations can result in substantial gains or losses relative to your initial investment. If market conditions go against you, you may risk losing your entire initial margin and be required to inject additional funds to maintain your position. Failure to meet margin requirements may lead to position liquidation and subsequent losses for which you bear responsibility

Before embarking on Forex trading, it is essential to thoroughly evaluate your investment objectives, level of experience, and risk tolerance. Never allocate funds that you cannot afford to lose.

Off-exchange foreign exchange transactions carry significant risks, encompassing leverage, credit risk, limited regulatory protections, and market volatility. These factors can significantly influence currency prices and liquidity.

Furthermore, the leverage inherent in forex trading means that market fluctuations can result in substantial gains or losses relative to your initial investment. If market conditions go against you, you may risk losing your entire initial margin and be required to inject additional funds to maintain your position. Failure to meet margin requirements may lead to position liquidation and subsequent losses for which you bear responsibility