As for the question you asked, we recommend that you ask the official customer services directly for a more accurate answer. For more details on this broker, please check our full Moneta Markets review.
BrokersView reminds you
Moneta Markets under the domain https://www.monetamarkets.com/, claims to be regulated by the Vanuatu Financial Services Commission (VFSC) under license number: 700271. We checked the broker's statement and found that the company named Vantage Global Limited is on the licensed list.
However, VFSC is a popular offshore regulator among forex brokers as capital (or bond) requirements are relatively small. A Forex license covering the online activities of a brokerage is issued in 2-3 months, which is indeed extremely fast. Moreover, there is no income tax, capital gains tax and inheritance tax in the country. So VFSC-regulated brokers are actually not under as strong regulation as FCA, ASIC and NFA regulated brokers.
Most importantly, some shady brokers will falsely use the regulatory information of a licensed broker by VFSC, as this regulator provides neither authentication details nor domains of the registered company for traders to verify. Consequently, it is not a hundred percent sure that the licensed entity is the one that runs the business under the trading name of InvestPro Markets. We would recommend exercising caution when dealing with VFSC- regulated brokers.
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