Written by ForexBrokers.com
In this head to head comparison of Moneta Markets vs Alpari, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Moneta Markets and Alpari are both established online brokers, founded in 2009 and 1998 respectively. Neither of these brokers is publicly traded nor operates as a bank. When considering trustworthiness, Moneta Markets holds one Tier-1 license and one Tier-2 license, which are essential markers of trust, with Tier-1 being the highest level according to ForexBrokers.com. In contrast, Alpari holds neither a Tier-1 nor a Tier-2 license.
In terms of overall trust, Moneta Markets is rated with a Trust Score of 72 out of 99 on ForexBrokers.com, categorizing it as average risk. Meanwhile, Alpari scores slightly lower, with a Trust Score of 68, placing it in the high-risk category. Both brokers provide online trading services, but Moneta Markets is considered slightly more reliable based on its regulatory standing and trust score.
| Feature |
Moneta Markets
|
Alpari
|
|---|---|---|
| Year Founded | 2009 | 1998 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 0 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
Moneta Markets offers a variety of account options that influence its trading costs and fees. Its Direct STP account is commission-free, but it has higher spreads compared to the industry average, with an example spread of 1.38 pips for the EUR/USD pair in August 2023. For those looking for tighter spreads, the Prime ECN account provides an average spread of 0.194 pips for the EUR/USD, along with a $3 commission per side for every 100,000 units traded, making the overall cost about 0.79 pips. The Ultra ECN account features even tighter spreads and a lower commission of $2 round-trip, requiring a $20,000 deposit. Despite these options, Moneta Markets has yet to match the pricing of the top forex brokers. It is rated 4.5 stars for commissions and fees by ForexBrokers.com, placing it as the 16th-ranked broker out of 62.
On the other hand, Alpari does not offer specific average spread data but is known for its competitive range of accounts and fees. While detailed cost comparisons are not available, Alpari maintains a respectable standing with a 4-star rating for commissions and fees. According to ForexBrokers.com, Alpari is ranked 41st out of 62 brokers in the Commissions and Fees category, indicating a solid, if slightly pricier, option compared to Moneta Markets.
Ultimately, if having access to precise spread and commission data is crucial for your trading strategy, Moneta Markets provides a clearer picture with its detailed cost breakdowns. However, Alpari remains a viable alternative, offering competitive rates that could suit traders looking for other strengths or features not centered on commissions and fees alone.
| Feature |
Moneta Markets
|
Alpari
|
|---|---|---|
| Minimum Deposit | $50 | $20 |
| Average Spread EUR/USD - Standard | 1.38 | N/A |
| All-in Cost EUR/USD - Active | 0.79 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Moneta Markets and Alpari both allow forex trading through CFDs or spot contracts, catering to those interested in currency trading. Moneta Markets takes the lead in diversity with an impressive 1,016 tradeable symbols, compared to Alpari’s 105. When it comes to forex pairs, Moneta Markets again offers a wider selection with 54 pairs, surpassing Alpari’s 46 pairs. However, if you’re interested in exchange-traded securities, Alpari provides access to international shares like Vodafone on the London Stock Exchange, which Moneta Markets does not offer. Neither broker provides the option to purchase U.S. exchange-traded securities or actual cryptocurrencies.
Both Moneta Markets and Alpari support copy trading and offer cryptocurrency derivatives for those interested in digital assets without owning them. However, Moneta Markets edges out Alpari in the Range of Investments category, earning a four-star rating compared to Alpari’s three stars. This difference is further highlighted by their rankings on ForexBrokers.com, where Moneta Markets holds the 35th spot out of 62 brokers, significantly ahead of Alpari, which is ranked last at 62nd. These differences suggest Moneta Markets might be the preferable choice for those prioritizing a wider selection of investment options.
| Feature |
Moneta Markets
|
Alpari
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 105 |
| Forex Pairs (Total) | 54 | 46 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Both Moneta Markets and Alpari offer traders the opportunity to practice and refine their strategies with free virtual demo accounts. When it comes to the variety of platforms, Alpari sets itself apart by offering a proprietary trading platform developed in-house, whereas Moneta Markets does not have its own unique platform but does provide popular options like MetaTrader 4 and MetaTrader 5, which are also available to Alpari users. Both brokers support Windows-based desktop platforms and provide easy access through web-based interfaces. Additionally, copy trading is available through both, with Moneta Markets also featuring the ZuluTrade platform for more social trading options.
When focusing on charting tools, while the specific number of technical indicators for each broker remains unspecified, Moneta Markets distinguishes itself by offering an impressive 78 drawing tools for charting, compared to Alpari's 15. Both platforms facilitate direct trading from stock charts, providing seamless functionality for active traders. In terms of organizing key trading information, Alpari offers a more extensive customization with seven columns for watch lists compared to Moneta Markets' four. Overall, both brokers receive a four-star rating for their trading platforms and tools, but Moneta Markets is ranked higher at #33 out of 62 brokers according to ForexBrokers.com, highlighting its favorable position in the market compared to Alpari's #55 ranking.
| Feature |
Moneta Markets
|
Alpari
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 105 | 30 |
| Charting - Drawing Tools (Total) | 78 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 4 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Moneta Markets and Alpari, both platforms are accessible to iPhone and Android users and provide essential features like stock and forex price alerts. Each app allows traders to draw trendlines and view multiple time frames on their charts, applying up to 30 technical studies. However, Moneta Markets holds a slight edge in functionality with its ability to auto-save drawings on charts and sync watchlist symbols with the client's online account, ensuring a seamless trading experience across devices.
For traders keen on having real-time data, both Moneta Markets and Alpari enable the creation of watchlists with real-time quotes. In terms of user ratings, both apps score 4 out of 5 stars. However, Moneta Markets ranks higher at #35 compared to Alpari's #56 in the Mobile Trading Apps category according to ForexBrokers.com. This ranking may reflect Moneta Markets' additional features that enhance the overall user experience on mobile devices.
| Feature |
Moneta Markets
|
Alpari
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research offerings, Moneta Markets and Alpari each present distinct advantages for traders. Moneta Markets stands out by providing daily market commentary, which Alpari does not offer. Both brokers deliver forex news sourced from top-tier providers like Bloomberg and Reuters, ensuring traders stay informed with the latest updates. However, the two diverge in their technical analysis tools. Moneta Markets integrates Trading Central tools for technical analytics, while Alpari utilizes Autochartist tools. Additionally, Moneta Markets offers a sentiment-based trading tool, giving insights into market positioning, a feature not available with Alpari. Both brokers supply economic calendars that outline key global economic events.
Considering their research ratings and rankings, Moneta Markets is rated 4 out of 5 stars, while Alpari receives 3 stars. Among 62 brokers evaluated by ForexBrokers.com, Moneta Markets is ranked at #32, whereas Alpari is positioned at #57. While both brokers provide essential tools, Moneta Markets seems to have the edge in offering a more comprehensive array of research tools, positioning itself as a stronger choice for traders prioritizing in-depth market analysis.
| Feature |
Moneta Markets
|
Alpari
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, Moneta Markets and Alpari both provide an array of tools designed to help new traders navigate the forex and CFDs landscape. Both platforms offer more than ten educational pieces, including articles, videos, and other useful materials focusing on forex and CFDs, ensuring that users have access to a variety of learning resources. Both brokers also meet the needs of beginner traders by providing over ten educational videos specifically tailored for newcomers to trading.
While Alpari offers an investor dictionary with over 50 investing terms, Moneta Markets stands out by providing advanced educational videos for experienced traders, a feature not available through Alpari. Both brokers do not offer live webinars or archived sessions, limiting ongoing interactive learning opportunities. With a higher education rating of four stars compared to Alpari's three stars, Moneta Markets ranks higher at 33rd place out of 62 brokers, while Alpari stands at 48th place. These differences highlight a slightly more beginner-friendly edge for Moneta Markets.
| Feature |
Moneta Markets
|
Alpari
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Moneta Markets is better than Alpari. Moneta Markets finished with an overall rank of #35, while Alpari finished with an overall rank of #57.
Moneta Markets is a new brand under parent company Vantage Group, which offers traders the MetaTrader suite of platforms as well as a basic web and mobile app. While it does support a decent range of third-party features, Moneta Markets has lackluster research and educational offerings, and its pricing is average.
| Feature |
Moneta Markets
|
Alpari
|
|---|---|---|
| Overall Rating |
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| Trust Score | 72 | 68 |
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Both Moneta Markets and Alpari do not offer the ability to buy actual delivered cryptocurrency, however, they both provide options to trade cryptocurrency derivatives.
Both Moneta Markets and Alpari lack ACH, SEPA, and PayPal deposit or withdrawal options, but while Alpari supports Skrill transactions and both brokers accept Visa, Mastercard, and bank wires for fund transfers, Moneta Markets does not offer Skrill services.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Moneta Markets | Alpari | |
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| Trust Score | 72 | 68 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
| Broker Screenshots | Moneta Markets | Alpari | |
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| Regulation | Moneta Markets | Alpari | |
|---|---|---|---|
| Trust Score | 72 | 68 | |
| Year Founded | 2009 | 1998 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 1 | 0 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Moneta Markets | Alpari | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | Moneta Markets | Alpari | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Moneta Markets | Alpari | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1016 | 105 | |
| Forex Pairs (Total) | 54 | 46 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Moneta Markets | Alpari | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.38 | N/A | |
| All-in Cost EUR/USD - Active | 0.79 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Moneta Markets | Alpari | |
|---|---|---|---|
| Minimum Deposit | $50 | $20 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Moneta Markets | Alpari | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | Moneta Markets | Alpari | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 4 | 7 | |
| Charting - Indicators / Studies (Total) | 105 | 30 | |
| Charting - Drawing Tools (Total) | 78 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Moneta Markets | Alpari | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Moneta Markets | Alpari | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Moneta Markets | Alpari | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Moneta Markets | Alpari | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Moneta Markets Review |
| Overall | Moneta Markets | Alpari | |
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| Trust Score | 72 | 68 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
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