Due to AML/CTF rules and regulations, Moneta Markets cannot deposit funds to third parties. All money withdrawn from your account must go to an account in the same name as your Moneta Markets trading account.
In the event that an alternative payment gateway is unable to process a withdrawal, we will process immediately via bank transfer. To do so, clients are required to provide a copy of a bank statement and submit an online bank wire withdrawal request.
All withdrawal requests are processed Monday to Friday 9am - 7pm (GMT+10). Requests received after 7 pm will be processed on the next business day. Please note that our bank cut off time is 4 PM (GMT+10) and withdrawals processed after this time will not leave our bank account till next business day.
International bank wire transfers attract a minimum fee of 20 units of your trading account base currency i.e. 20 USD. Moneta Markets will deduct this fee from the withdrawal amount prior to depositing to the nominated bank account. Please contact your bank regarding any fees they may charge you for the services they provide.
Clients acknowledge that they may be required to provide information and/or documents on the source(s) of the deposit(s) and/or the Clients' source of wealth in general when processing a withdrawal request and agree to provide all information and/or documents required Moneta Markets. Moneta Markets reserves the right to refuse to process a withdrawal request where a Client does not provide all required information, and/or where Moneta Markets has reasonable concerns that doing so may result in breaches of the anti-money laundering and counter-terrorism financing laws and regulations (AML/CTF Laws).
Clients acknowledge that Moneta Markets does not guarantee a recall of a financial transaction under any circumstances and that Moneta Markets is not liable for any losses suffered as a result of providing incorrect instructions or incorrect details of the destination account.
Moneta Markets reserves the rights to refuse to process a withdrawal request if it has reasonable grounds to believe that the trading account may turn into a negative balance after the withdrawal request is processed.
Moneta Markets reserves the right to refuse a withdrawal request if the trading account is subject to a charge-back investigation.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trading derivatives is risky. It isn't suitable for everyone; you could lose substantially more than your initial investment. You don't own or have rights to the underlying assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn't consider your personal objectives, financial circumstances, or needs. Please read our legal documents and ensure that you fully understand the risks before you make any trading decisions.
The information on this site is not intended for residents of the United States, or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Moneta Markets is a trading name of Moneta Markets South Africa (Pty) Ltd, an authorised Financial Service Provider (“FSP”) registered and regulated by the Financial Sector Conduct Authority (“FSCA”) of South Africa under license number 47490 and located at 1 Hood Avenue, Rosebank, Johannesburg, Gauteng 2196, South Africa.
Moneta Markets is a trading name of Moneta LLC, registered under Saint Vincent and the Grenadines Financial Services Authority (“SVGFSA”) with registration number 2052 LLC 2022.
You should consider whether you’re part of our target market by reviewing our Target Market Determination (TMD), and read our Product Disclosure Statement (PDS), Financial Services Guide (FSG) and other legal documents to ensure you fully understand the risks before you make any trading decisions. We encourage you to seek independent advice if necessary.