Written by ForexBrokers.com
In this head to head comparison of DooPrime vs Moneta Markets, 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.
When comparing online brokers DooPrime and Moneta Markets, several factors come into play, especially their regulatory standings and trust ratings. Founded in 2014, DooPrime holds four Tier-1 licenses, showcasing a high level of regulatory compliance. Meanwhile, Moneta Markets, established in 2009, holds one Tier-1 and one Tier-2 license. These licenses impact their Trust Scores with ForexBrokers.com, where DooPrime receives a score of 83, indicating they are trusted, while Moneta Markets has a score of 72, pointing to an average risk level.
Neither DooPrime nor Moneta Markets is publicly traded or operates as a bank, which might influence certain investors looking for an additional layer of security. Investors seeking more regulated options might prefer DooPrime for its higher number of Tier-1 licenses and stronger Trust Score. Both brokers cater to different risk tolerances and preferences, making these details crucial for potential users comparing their services.
| Feature |
DooPrime
|
Moneta Markets
|
|---|---|---|
| Year Founded | 2014 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When comparing DooPrime and Moneta Markets, it's clear that each online broker offers distinct pricing structures and account options. Unfortunately, detailed spread data for DooPrime is not available, but it earns a modest rating of three stars for commissions and fees, placing it at rank #58 out of 62 brokers according to ForexBrokers.com. This suggests that while functional, there may be more competitive options available for cost-conscious traders.
Moneta Markets, on the other hand, provides a varied structure through its three distinct types of accounts, catering to both commission-based and commission-free trading preferences. The Direct STP account is commission-free but comes with an average spread of 1.38 pips for the EUR/USD pair as of August 2023. Meanwhile, the Prime ECN account charges a commission of $6 per round-turn standard lot with an average spread of 0.194 pips, resulting in an all-in cost of approximately 0.79 pips, which remains competitive within the industry.
For those willing to make a significant deposit of $20,000, the Ultra ECN account offers an even lower commission of $2 per round-trip, with tighter spreads than industry norms. Moneta Markets earns a commendable 4.5-star rating for its commissions and fees, ranking #16 out of 62 brokers. Overall, Moneta Markets presents a more attractive offering for traders interested in cost-efficient structures, though it may not yet rival the top-tier forex brokers.
| Feature |
DooPrime
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | $100 | $50 |
| Average Spread EUR/USD - Standard | N/A | 1.38 |
| All-in Cost EUR/USD - Active | N/A | 0.79 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
DooPrime and Moneta Markets both offer investors the opportunity to trade forex as CFDs or spot contracts, but their offerings extend beyond this shared feature. DooPrime stands out with an impressive array of over 10,000 tradeable symbols, which includes 60 forex pairs and gives it a significant edge over Moneta Markets, which offers 1,016 symbols and 54 forex pairs. Moreover, DooPrime provides access to exchange-traded securities on both U.S. and international exchanges, allowing clients to invest in companies like Apple and Vodafone. In contrast, Moneta Markets does not offer trading in actual exchange-traded securities but does provide the ability to buy cryptocurrency derivatives, which DooPrime does not.
Both platforms offer copy trading, allowing users to replicate trades of successful investors, but there are distinct differences in their investment ranges. The broader investment options and higher number of tradeable instruments have earned DooPrime a higher rating, with 5 stars out of 5 for Range of Investments, compared to Moneta Markets' 4-star rating. According to ForexBrokers.com, DooPrime is ranked 12th among 62 brokers for its diverse investment range, while Moneta Markets is positioned at 35th. This makes DooPrime a more versatile choice for those seeking a wider spectrum of investment opportunities.
| Feature |
DooPrime
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 1016 |
| Forex Pairs (Total) | 60 | 54 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | 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.
When it comes to trading platforms and tools, both DooPrime and Moneta Markets offer a range of features to accommodate traders at different levels. Both brokers provide free virtual demo accounts, allowing users to practice and hone their trading skills without risking actual funds. While both brokers support the widely popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, DooPrime stands out with its proprietary platform developed in-house. On the other hand, Moneta Markets compensates with the addition of ZuluTrade for those interested in social trading, which DooPrime does not offer. Both brokers offer Windows-based desktop and web-based trading platforms, along with copy trading features.
When comparing charting tools, Moneta Markets provides a more extensive selection with 78 drawing tools compared to DooPrime's 15, which could be beneficial for traders who rely heavily on technical analysis. Despite a fewer number of drawing tools, DooPrime offers more watch list fields with seven columns, while Moneta Markets offers four. Both platforms allow direct trading from stock charts, enhancing the overall trading experience. Each broker is rated four stars for their trading platforms and tools, with DooPrime ranked slightly higher at #25 compared to Moneta Markets' #33 according to ForexBrokers.com.
| Feature |
DooPrime
|
Moneta Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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 | No | Yes |
| Charting - Indicators / Studies (Total) | 30 | 105 |
| Charting - Drawing Tools (Total) | 15 | 78 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 4 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of DooPrime and Moneta Markets, both brokers cater to iPhone and Android users, offering robust tools for trading on the go. Each platform provides essential features like stock or forex price alerts, and the ability to draw trendlines or view multiple time frames on charts. Additionally, both apps enable the creation of watchlists with real-time quotes and automatically save chart drawings, enhancing the overall trading experience.
However, a key difference lies in watchlist syncing capabilities; Moneta Markets ensures seamless syncing with a client’s online account, unlike DooPrime. When it comes to technical studies, both platforms provide an impressive 30 options. On rating scales, both apps receive a solid 4-star score, although ForexBrokers.com ranks DooPrime higher at 24th place out of 62 brokers, compared to Moneta Markets' 35th place. This suggests that while they share many strong features, DooPrime edges ahead in overall industry perception for mobile trading.
| Feature |
DooPrime
|
Moneta Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
DooPrime and Moneta Markets both provide daily market commentary and access to top-tier forex news from trusted sources like Bloomberg, Reuters, and Dow Jones, ensuring investors are well-informed. Each platform features comprehensive technical analysis tools provided by Trading Central, offering users the ability to leverage advanced strategies. Both brokers also offer an economic calendar, giving traders insight into global economic events. However, Moneta Markets stands out with its sentiment-based trading tool, which visually depicts the ratio of long or short positions across currency pairs, aiding traders in making more informed decisions.
Although neither broker offers tools from Autochartist, TipRanks, or Acuity Trading, their strong offerings in other research categories reflect solid capabilities. Both brokers receive a rating of four stars for research, with DooPrime ranked slightly higher at 29th, while Moneta Markets is ranked 32nd among 62 brokers by ForexBrokers.com. With strengths in news access, market analysis, and economic calendars, both platforms deliver comprehensive research options, though Moneta Markets provides a slight edge with its added sentiment analysis feature.
| Feature |
DooPrime
|
Moneta Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| 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, both DooPrime and Moneta Markets offer a wealth of materials to help new traders get started with forex and CFDs. Each broker provides at least 10 educational pieces, such as articles, videos, or archived webinars, focusing on these key trading areas. New traders from both platforms can also access over 10 introductory videos that cover essential trading topics, which can be an excellent starting point for those unfamiliar with the markets. However, don't expect to find live educational webinars or comprehensive archived webinar libraries with either broker, as both lack these formats.
Beyond the basics, DooPrime and Moneta Markets both cater to more advanced traders with a good selection of educational videos designed for experienced users. While neither broker provides a dictionary of investing terms, which could be helpful for beginners to decode complex trading jargon, both brokers still offer substantial resources that have earned them a 4-star rating in the education category. Despite offering similar educational services, DooPrime edges out Moneta Markets slightly in broker rankings by ForexBrokers.com, coming in at #24 compared to Moneta Market's #33 out of 62 brokers. Whether you choose DooPrime or Moneta Markets, you’ll find valuable educational content to enhance your trading journey.
| Feature |
DooPrime
|
Moneta Markets
|
|---|---|---|
| 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 | Yes |
| Investor Dictionary (Glossary) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that DooPrime is better than Moneta Markets. DooPrime finished with an overall rank of #28, while Moneta Markets finished with an overall rank of #35.
DooPrime is mainly regulated in the UK, as well as two offshore locations (Vanuatu and Mauritius), and offers 10,000 investment products, and multiple platforms including the full MetaTrader suite, and social copy trading platforms. That said, DooPrime trails behind the best brokers in key categories.
| Feature |
DooPrime
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Moneta Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 72 |
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When comparing online brokers DooPrime and Moneta Markets, neither offers the ability to buy actual delivered cryptocurrency, but Moneta Markets provides the option to purchase cryptocurrency derivatives, whereas DooPrime does not.
When comparing online brokers DooPrime and Moneta Markets, both provide Visa and Mastercard along with bank wires for depositing or withdrawing funds; however, DooPrime offers additional convenience with PayPal and Skrill, options not available with Moneta Markets.
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 | DooPrime | Moneta Markets | |
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| Trust Score | 83 | 72 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
| Broker Screenshots | DooPrime | Moneta Markets | |
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| Regulation | DooPrime | Moneta Markets | |
|---|---|---|---|
| Trust Score | 83 | 72 | |
| Year Founded | 2014 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | Moneta Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | 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) | DooPrime | Moneta Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | DooPrime | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 1016 | |
| Forex Pairs (Total) | 60 | 54 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | 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 | DooPrime | Moneta Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.38 | |
| All-in Cost EUR/USD - Active | N/A | 0.79 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | $100 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | DooPrime | Moneta Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | No | Yes |
| Trading Tools | DooPrime | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 4 | |
| Charting - Indicators / Studies (Total) | 30 | 105 | |
| Charting - Drawing Tools (Total) | 15 | 78 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | DooPrime | Moneta Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | DooPrime | Moneta Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | Moneta Markets | |
|---|---|---|---|
| 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 | Yes | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | DooPrime | Moneta Markets | |
|---|---|---|---|
| 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 | DooPrime | Moneta Markets | |
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| Trust Score | 83 | 72 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
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