Moneta Markets announced on Tuesday its separation from Vantage (previously VantageFX). The move came as Moneta secured a team of investors to back its independent operations as a retail forex and contracts for differences (CFDs) broker.
Additionally, the broker secured regulatory permission from the Australian Securities & Investments Commission (ASIC) for offering services to Aussie clients. The Australia Financial Services (AFS) license was granted to the locally formed Moneta Markets Pty Ltd on August 3.
Apart from the Aussie license, Moneta holds regulatory approval in South Africa and St. Vincent and the Grenadines.
Launched in mid-2020 under the umbrella of Vantage Group, Moneta initially operated as an offshore broker.
“Since its inception, the intention has always been to build Moneta Markets into a brand that can operate on its own,” said David Bily, who founded Moneta Markets and is heading the broker as the CEO.
“The technological and infrastructural support of the Vantage Group, in the beginning, was vital in helping us launch and become a serious market contender, as well as in achieving our independence. And, it was instrumental in enabling Moneta to attract investors who want to be involved in our growth journey.”
A Growing Broker
The official press release shared with Finance Magnates further elaborated that the growth of Moneta in the past couple of years exploded with rising client acquisition , trading volume and monthly deposits.
The offerings of the brokerage include trading services with forex and contracts for differences (CFDs) of commodities, indices, stocks and ETFs. In addition, it is aggressively expanding the list of offered instruments.
“With our ever-increasing range of products, our continuous effort to improve our offering and an enthusiastic group of investors supporting us, we are on track to build Moneta Markets into a position where it can become the preferred retail FX and CFD broker of choice around the world,” Bily added.
