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Moneta Markets in South Africa — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%35
- Round-turn cost20%90
- Safety20%100
- 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
- 1000ZA
- Round turn
- 7 USDZA
- Currencies
- USD-denominated; no ZAR account in the published base-currency list, so ZAR deposits incur conversion (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 South Africa residents
- Moneta Markets Ltd
- Local standing
- Locally regulated by the FSCA (FSP 47490) - conduct oversight applies, though FSCA authorisation is not a statutory investor-compensation scheme.
- Licence as the register states it
- Moneta Markets (Pty) Ltd holds FSCA Financial Service Provider licence No. 47490.
- Leverage for this entity
- Up to 1:1000 on forex/metals; FSCA does not hard-cap retail leverage in South Africa.
- 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
- One of the few Moneta geos with a genuine local licence (FSCA FSP 47490); not on the FSCA warning list at review; verify whether onboarding routes to the local Pty Ltd or the offshore entity.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards South African residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youLocally regulated by the FSCA (FSP 47490) - conduct oversight applies, though FSCA authorisation is not a statutory investor-compensation scheme.
- 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 South Africa market median(priced from 80 of 103)
Medians run over the 80 of 103 brokers that publish a price for South Africa, 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 South Africa base(103 brokers)
Round-turn cost, USD (80 of 103 priced)
Median 7 USD · range 1-20 · this broker 7 USD · 23 of 103 brokers do not publish it
Minimum deposit, USD (49 of 103 priced)
Median 50 USD · range 0-1000 · this broker 50 USD · 54 of 103 brokers do not publish it
Retail leverage (72 of 103 with a South Africa figure)
Median 1:500 · range 20-5000 · this broker 1:1000 · 31 of 103 brokers do not publish it
Withdrawal time published (103 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; no ZAR account in the published base-currency list, so ZAR deposits incur conversion (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
- AppTrader
| Class | Count | Min spread |
|---|---|---|
| MT4 | — | 1.2 |
| MT5 | — | 1.2 |
| PRO Trader | — | 1.2 |
| AppTrader | — | 1.2 |
| All instruments | 1000+ | — |
184 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: IC Markets Raw Spread MT4/MT5, IC Markets Raw Spread cTrader, Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard and 178 more.
Identical for every row: Leverage 1000 ZA.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 3.7 | 520 |
Share of reviewers in South Africa: — The platform does not publish it.
Pros and cons(5 for and 1 against, each tied to a figure on this page)
- Locally authorised, licence 47490, read on 09.07.2026
- Withdrawal in 24 h, one of 86 of 103 brokers here that publish a time
- Swap-free account available
- Safety 100 of 100, its strongest of 6 scored axes
- 4 platforms: MT4, MT5, PRO Trader, AppTrader
- Reviews 35 of 100, its weakest of 6 scored axes
Alternatives in South Africa(6 of 103 scored in South Africa)
- Round turn, USD
- 9ZA
- Min deposit, USD
- 25ZA
- Leverage
- 1000ZA
- Rank in this country
- #1
- Round turn, USD
- 6ZA
- Min deposit, USD
- 50 groupZA
- Leverage
- 500 group
- Rank in this country
- #4
- Round turn, USD
- 6ZA
- Min deposit, USD
- 25ZA
- Leverage
- 500ZA
- Rank in this country
- #6
- Round turn, USD
- 7ZA
- Min deposit, USD
- 50ZA
- Leverage
- 500ZA
- Rank in this country
- #8
- Round turn, USD
- 6ZA
- Min deposit, USD
- 20ZA
- Leverage
- 30 group
- Rank in this country
- #2
- Round turn, USD
- 1ZA
- Min deposit, USD
- 0ZA
- Leverage
- 500ZA
- Rank in this country
- #38
"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 South Africa score. Full methodology
| Axis | Weight | What is measured | Moneta Markets |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 35 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 90 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 100 |
| 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 South Africa?
- Yes. Locally regulated by the FSCA (FSP 47490) - conduct oversight applies, though FSCA authorisation is not a statutory investor-compensation scheme. Onboarding entity: Moneta Markets Ltd
- Is Moneta Markets licensed to serve clients in South Africa?
- Moneta Markets (Pty) Ltd holds FSCA Financial Service Provider licence No. 47490. Checked on 09.07.2026.
- How much does one round turn cost at Moneta Markets?
- About 7.0 USD per standard lot on EUR/USD. The median across brokers measured for South Africa is 7.0 USD.
- What leverage does Moneta Markets offer to retail clients in South Africa?
- Up to 1:1000. Up to 1:1000 on forex/metals; FSCA does not hard-cap retail leverage in South Africa.
- Which trading platforms does Moneta Markets support?
- MT4, MT5, PRO Trader, AppTrader. Instruments: 1,000+ instruments: forex, indices, commodities, share CFDs, crypto CFDs, ETFs and bonds.
- How can I withdraw money from Moneta Markets in South Africa?
- Bank/wire, Visa/Mastercard, FasaPay, SticPay and crypto; ZAR instant-EFT rail 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 South Africa residents.
Taxes for a South African resident(1 rule)
- SARS taxes residents on worldwide income.https://monetamarkets.com/about-us/moneta-markets/regulation
Not tax advice. Check with SARS.