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Moneta Markets in India — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%55
- Round-turn cost20%100
- Safety20%10
- Payouts15%80
- Track record10%35
- Platforms10%50
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- Moneta Markets Ltd
- Founded
- 2019
- Retail leverage
- 1000IN
- Round turn
- 3 USDIN
- Currencies
- USD-denominated for this market; no INR local-currency account (USD/EUR/GBP etc. offered).
- Swap-free account
- yes
Licence check
Open an account with Moneta MarketsThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards India residents
- Moneta Markets Ltd
- Local standing
- Offshore (Seychelles FSA); not SEBI-registered; offshore forex/CFD trading by residents is restricted under RBI/FEMA rules.
- Licence as the register states it
- No Indian (SEBI) registration; served under Seychelles FSA Securities Dealer licence SD144.
- Leverage for this entity
- Up to 1:1000 on forex/metals via the offshore entity; no SEBI cap applies as the entity is unregulated in India.
- The firm behind it
- Launched ~2019-2020 by founder/CEO David Bily; originated inside Vantage International Group, now independent under Moneta Markets Excellence Holding Ltd.
- What we hold against it
- Offshore broker not authorised for Indian residents; only INR exchange-traded pairs are legal locally; a specific SEBI/RBI alert-list entry for Moneta is not verified at review.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Indian residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youOffshore (Seychelles FSA); not SEBI-registered; offshore forex/CFD trading by residents is restricted under RBI/FEMA rules.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against India market median(priced from 65 of 90)
Medians run over the 65 of 90 brokers that publish a price for India, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Direct STP (min USD 50, spread-only from ~1.2 pips), Prime ECN (min USD 50, from 0.0 pips + ~USD 3/side), Ultra ECN (min USD 20, 000, from 0.0 pips + ~USD 2/lot round-turn). The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where Moneta Markets sits in the India base(90 brokers)
Round-turn cost, USD (65 of 90 priced)
Median 7 USD · range 2-18 · this broker 3 USD · 25 of 90 brokers do not publish it
Minimum deposit, USD (16 of 90 priced)
Median 15 USD · range 0-1000 · this broker 50 USD · 74 of 90 brokers do not publish it
Retail leverage (49 of 90 with a India figure)
Median 1:500 · range 20-5000 · this broker 1:1000 · 41 of 90 brokers do not publish it
Withdrawal time published (90 brokers)
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Deposit and withdrawal methods (5 methods · 0 local rails)
Bank/wire, Visa/Mastercard, FasaPay, SticPay and crypto;
- Wire
- Visa
- Mastercard
- FasaPay
- Crypto
- Account currency
- USD-denominated for this market; no INR local-currency account (USD/EUR/GBP etc. offered).
- Fee declared
- 5 of 5 methods
- Withdrawal back to
- the funding method
Where it does not serve(8 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(5 platforms)
- MT4
- MT5
- PRO Trader (web)
- AppTrader (mobile)
| Class | Count | Min spread |
|---|---|---|
| MT4 | — | 1.2 |
| MT5 | — | 1.2 |
| PRO Trader (web) | — | 1.2 |
| AppTrader (mobile) | — | 1.2 |
| All instruments | 1000+ | — |
138 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 132 more.
Identical for every row: Leverage 1000 IN.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.1 | 159 |
Share of reviewers in India: — The platform does not publish it.
Pros and cons(5 for and 4 against, each tied to a figure on this page)
- Round turn 3 USD on the raw + commission basis, under the India median 7
- Withdrawal in 24 h, one of 74 of 90 brokers here that publish a time
- Swap-free account available
- Round-turn cost 100 of 100, its strongest of 6 scored axes
- 4 platforms: MT4, MT5, PRO Trader (web), AppTrader (mobile)
- No India authorisation on file: the entity that onboards you is licensed elsewhere
- Min deposit 50 USD, over the India median 15
- The published 1:1000 comes from the group's offshore entity, not from the India one
- Safety 10 of 100, its weakest of 6 scored axes
Alternatives in India(6 of 90 scored in India)
- Round turn, USD
- 3IN
- Min deposit, USD
- 50IN
- Leverage
- 500IN
- Rank in this country
- #9
- Round turn, USD
- 3IN
- Min deposit, USD
- 1 groupIN
- Leverage
- unlimited group
- Rank in this country
- #35
- Round turn, USD
- 4IN
- Leverage
- 2000IN
- Rank in this country
- #59
- Round turn, USD
- 6IN
- Min deposit, USD
- 50IN
- Leverage
- 500IN
- Rank in this country
- #27
- Round turn, USD
- 3.5IN
- Min deposit, USD
- 5IN
- Leverage
- 1000IN
- Rank in this country
- #31
- Round turn, USD
- 4IN
- Rank in this country
- #4
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a India score. Full methodology
| Axis | Weight | What is measured | Moneta Markets |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 55 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 100 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 10 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 35 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 50 |
FAQ
- Does Moneta Markets accept residents of India?
- No. Offshore (Seychelles FSA); not SEBI-registered; offshore forex/CFD trading by residents is restricted under RBI/FEMA rules. Onboarding entity: Moneta Markets Ltd
- Is Moneta Markets licensed to serve clients in India?
- No Indian (SEBI) registration; served under Seychelles FSA Securities Dealer licence SD144. Checked on 09.07.2026.
- How much does one round turn cost at Moneta Markets?
- About 3.0 USD per standard lot on EUR/USD. The median across brokers measured for India is 7.0 USD.
- What leverage does Moneta Markets offer to retail clients in India?
- Up to 1:1000. Up to 1:1000 on forex/metals via the offshore entity; no SEBI cap applies as the entity is unregulated in India.
- Which trading platforms does Moneta Markets support?
- MT4, MT5, PRO Trader (web), AppTrader (mobile). Instruments: 1,000+ instruments: forex, indices, commodities, share CFDs, crypto CFDs, ETFs and bonds.
- How can I withdraw money from Moneta Markets in India?
- Bank/wire, Visa/Mastercard, FasaPay, SticPay and crypto; India-specific rail (e.g. UPI) not verified at review.
- What account types does Moneta Markets offer?
- Direct STP (min USD 50, spread-only from ~1.2 pips), Prime ECN (min USD 50, from 0.0 pips + ~USD 3/side), Ultra ECN (min USD 20,000, from 0.0 pips + ~USD 2/lot round-turn).
- Does Moneta Markets offer a swap-free (Islamic) account?
- Yes. Moneta Markets offers a swap-free (Islamic) account to India residents.
Cost calculator (median of 65 priced of 90)
EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a INR conversion because the exchange rate is not part of our data.