Moneta Markets is a trading name of Moneta LLC, St. Vincent & The Grenadines. In Australia, Moneta Markets is acting as an authorized representative of AGC Capital Securities Pty Ltd, regulated by the Australian Securities & Investments Commission (ASIC). In South Africa, the scheme is an authorized Financial Service Provider regulated by the Financial Sector Conduct Authority (FSCA). However, it does not have regulatory permission for EEA jurisdictions and violates regulatory rules.
Key Data
| Brands | Moneta Markets |
| Domain | www.monetamarkets.com |
| Social media | |
| Related legal entities | MMonexia LTD, Cyprus Moneta Markets South Africa (Pty) Ltd, South Africa Moneta LLC, SVG, est. March 2022 Moneta Markets Pty Ltd, Australia AGC Capital Securities Pty Ltd |
| Jurisdictions | Cyprus South Africa St. Vincent & The Grenadines Australia |
| Regulators | ASIC, FSCA |
| Platform | |
| Leverate | up to 1:500 |
| Payment processors | ZotaPay (cc), Finrax (crypto), BridgerPay, PerfectMoney |
| Related individuals | David Bily, CEO of Moneta Markets (LinkedIn) Raffaella Chiara Gianfilippi De Parenti, Director |
| Regulatory warnings | Consob |
Short Narrative
In December 2021, the Italian Consob issued a warning against Moneta Markets and the then-operator Vantage Global Limited.
According to the Similarweb statistics for September 2022, almost 50% of the more than 56,000 visitors to the Moneta Markets website come from EEA, with an average stay of almost 3 minutes. We may conclude that the offshore broker does most of its business with EEA residents. MMonexia Ltd was recently established in Cyprus.
However, Moneta Markets operates unauthorized in the European Economic Area (EEA) and solicits clients in this region. Despite their Australian and South African license, European clients have to regard Moneta Markets as an offshore broker without a proper license. They are not eligible for any investor protection scheme or support of financial ombudsmen.
Moneta Markets also offers leverage of 1:500, violating regulatory rules of the ESMA regimes and the FCA, which only allow a maximum of 1:30.
Scam Reviews
On Trustpilot, Moneta Markets holds a 4.1-star rating (16 Oct 2022). However, 1-star scam ratings have been piling up in recent weeks. Some of the reviewers are from the UK and complain about withdrawals not being made. Therefore, the trust level has dropped from “Excellent” to “Great.”
Read more about the Vantage Group.
Share information
If you have any information about Moneta Markets, its operators, and facilitators, please share it with us through our whistleblower system, Whistle42.
