Moneta Markets Launch Low-Commission “Ultra ECN” Account

The new Ultra ECN account features spreads from 0.0 pips on FX and Gold, with some of the industry’s lowest commissions of $1 per trade per side, as well as making all Gold products available with zero swap fees.

We spoke with David Bily, Founder of Moneta Markets, for more information about the recent addition.

“Since our inception, we have continued to build upon the feedback and requirements of our growing client base. While it has been quite a learning curve, we always strive to meet and exceed expectations when it comes to delivering results that put us in a position where we are able to take on the older incumbent brokers and attract a significant market share.

“The introduction of our new Ultra ECN trading account is a result of increased demand for exceptional trading conditions at the lowest possible cost. The majority of our competitors charge $6-$7 round turn for ECN accounts, which has been the industry standard for some time. Now, with Moneta Markets, clients can trade our Ultra ECN account from just $2 round turn, while still enjoying the same ultra-low ECN spreads from 0.0 pips.

“While the demand for the new account was largely to cater to more professional traders, it has been made available for traders of all levels, and we certainly encourage those who want to trade with ECN conditions while keeping costs at a minimum. To accompany our industry-low costs, we have also made all our Gold products available with zero-swap fees, across our Direct STP, Prime ECN, and new Ultra ECN accounts. With gold being one of our most widely traded products, we wanted to provide superior trading conditions to separate us from the competition, which now positions Moneta Markets as one of the leading low-cost brokers in the industry.

“Of course, it is a constant evolution of improving what we are able to offer clients, and as such we are constantly seeking ways to do what we can to accelerate beyond what our competitors are offering.”

Now with three primary trading accounts on offer, Moneta Markets looks set to continue its grab for market share throughout 2023. With over 1000+ products on offer at up to 1000:1 leverage, the broker is certainly one to watch with keen interest!