Moneta Markets, a multi-asset brokerage subsidiary of Vantage Global, announced on Monday the launch of the true ECN accounts for MetaTrader4 and MetaTrader5 platforms.
ECN accounts offer raw Forex spreads without artificial price inflation. Brokers usually charge a commission for each trade if they are following the ECN-pricing model.
Launched in July last year, Moneta Markets offers forex and other contracts for difference (CFDs) instruments for stocks, indices, commodities and Cryptocurrencies . With the recent launch of ECN accounts, the Australian broker is boosting its services as its forex offering is most popular.
More Transparency with Raw Spreads
Commenting on the development, Moneta Markets Founder, David Bily, said: “Since Moneta Markets’ launch we’ve established a very solid foundation to build off, and having secured a large portion of the web-based trading market, we are now in a position to take on the broader and more established MT4 & MT5 broker audience.”
“The feedback since our inception has been very positive, yet there has still been demand from our partners and clients to introduce a higher-spec trading account with spreads from 0.0 pips for the more experienced trader and clients who like to use EAs through the popular MetaTrader 4 and 5 platforms.”
The Moneta brand is operated by Vantage Global Limited, which is operated by the Vanuatu Financial Services Commission (VFSC). It offers over 45 currency pairs to forex traders and is now offering three account types: STP, True ECN and Moneta Prime.
“As a client-centric Forex broker, it’s important that we listen to what our clients are saying so that we can continue evolving our offering to meet and exceed their expectations. At the end of the day clients are our livelihood, so any feedback, be it related to our products, platforms or customer support, we don’t just listen, we take action!”
