The following conditions apply to the Ultra ECN account unless explicitly stated otherwise:
• All Moneta Markets’ offers are only available in accordance with applicable law.
• Ultra ECN accounts cannot be used in conjunction with any Bonus or Cashback promotion(s) a may be offered from time to time by the Company.
• Moneta Markets’ offers are not designed to alter or modify an individual’s risk preference or encourage individuals to trade in a manner inconsistent with their own trading strategies.
• Clients should ensure that they operate their trading account in a manner consistent with their trading comfort level.
• New Accounts are subject to approval as per Moneta Markets’ account opening procedure. Individuals who apply for an account must check their local laws and regulations before applying for an account with Moneta Markets.
• Clients referred by an Introducing Broker, PAMM/MAMM, or money manager are not eligible for Ultra ECN accounts.
• To be eligible for Ultra ECN account, a minimum of $20,000 balance per user is required.
• To request an Ultra ECN account, clients must express their interest by opting in using the form above, provided minimum account balances are met at the time the request is made.
• Should the balance of a user fall below the $20,000USD (or equivalent), as a result of a withdrawal, Moneta Markets reserves the right to change the account type at its own discretion without notifying the client in advance by transferring the account into either the Direct STP or Prime ECN accounts.
• Moneta Markets reserves the right to decline any application or indication to participate in any promotion at its sole discretion, without the need to provide any justification or explain the reasons for such a decline.
• Moneta Markets reserves the right to cancel an individual’s Ultra ECN eligibility if suspicious trading activity is suspected without priorn notification or justification to the client.
• No rebates (where applicable) are payable on Ultra ECN account activity.
• Should you wish to change from an Ultra ECN account to Direct STP or PRIME ECN, simply contact [email protected], requesting to be transferred.
• Moneta Markets at its sole discretion can exclude a client from participating in its offers or promotions if it believes of suspected fraudulent activities or an action by a client is found to be in violation of its Accounts Terms and Conditions or the offer/promotion Terms and Conditions. In case of a breach, Moneta Markets reserves the right to remove a user’s eligibility to access Ultra ECN, without prior notice.
• All Moneta Gold products (XAUUSD & XAUAUD) can now be traded with ZERO swap fees. This means that clients can hold positions (either long or short) for as long as they would like without incurring any fees. (Note, commission fees still apply for ECN accounts)
• Positions held for longer than seven days may be subject to a Swap Charge, from day eight onwards.
• Should a client be caught abusing the promotion or engaging in illicit trading activity, as determined by the Risk team, Moneta reserves the right to undertake any of the following:
○ Resume the charging of swap fees
○ Retroactively collect swaps owed
○ Retain profits earned from illicit/abusive trading
○ Terminate the client’s account
• This program can be retracted at any time of Moneta Markets’ choosing and account eligibility will be subject to our discretion.
• Moneta Markets reserves the right to amend the present terms and conditions from time to timeand will notify you of these changes by posting the modified terms on Moneta Markets’ website. You are advised to revise these Terms regularly, and by your continued use of Moneta Markets’ website and services that you accept any such modified terms. Moneta Markets reserves the right to modify or cancel any offers at its sole discretion at any time.
• Moneta Markets may at any time, at its sole discretion, cease or discontinue any of its promotions.
• All Moneta Markets’ promotions only apply to Moneta Markets standard accounts unless explicitly stated otherwise.
• Moneta Markets will not be liable for any loss, costs, expense or damage which may be suffered in connection with this offer and which by law may not be excluded by these Terms.
• If these terms and conditions are translated into a language other than English, then the English version of the terms shall prevail where there is an inconsistency.
• The provider of this offer is Moneta LLC (Reg. 2052 LLC 2022)
• Irrespective of the number of trading accounts that a Client may hold with Moneta Markets, the Promotion is applicable for one Account only.