Written by ForexBrokers.com
In this head to head comparison of FOREX.com 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.
FOREX.com and Moneta Markets offer distinct experiences for online trading enthusiasts. Founded in 1999, FOREX.com is publicly traded and boasts an impressive Trust Score of 99 out of 99, indicating a high level of trust in their services. The company holds seven Tier-1 licenses, which are highly esteemed by ForexBrokers.com, and an additional Tier-2 license. In contrast, Moneta Markets was founded in 2009 and is not listed on any stock exchange. Its Trust Score is 72, which suggests an average risk level according to ForexBrokers.com. Moneta Markets holds one Tier-1 and one Tier-2 license, indicating a solid but less extensive regulatory backing.
Neither FOREX.com nor Moneta Markets are banks, which means they are solely focused on providing a complete trading platform and experience. The broader range of regulatory licenses held by FOREX.com points to a more extensively vetted trust background, suggesting they may be better suited for those prioritizing strong regulatory oversight. Meanwhile, Moneta Markets offers a service that might appeal to traders who are comfortable with a lesser, but still respectable, level of regulatory assurance.
| Feature |
FOREX.com
|
Moneta Markets
|
|---|---|---|
| Year Founded | 1999 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When it comes to commissions and fees, FOREX.com stands out as a versatile option with multiple account types and execution methods. While it ranks as one of the top market maker brokers, its pricing can be higher than the industry average. For U.S. traders using the Standard account on MetaTrader, average spreads were 1.4 pips on the EUR/USD in July 2023. However, the RAW account offers lower spreads starting at 0.13 pips, coupled with a commission fee of $7 per Standard lot. This option is particularly cost-effective for high-volume traders with over $2 billion in trading per month, who can benefit from active trader discounts. FOREX.com has a strong reputation, earning a 4.5-star rating for commissions and fees and ranking #13 out of 62 brokers by ForexBrokers.com.
Moneta Markets offers three account options, each with distinct trading costs. Its Direct STP account is commission-free but has an average spread of 1.38 pips on the EUR/USD as of August 2023. For tighter spreads, traders can choose the Prime ECN account, which features an average spread of 0.194 pips and a $6 commission per round lot, bringing the all-in cost to around 0.79 pips, slightly below industry norms. The Ultra ECN account offers even more competitive pricing with a $2 commission per round lot, but this requires a $20,000 deposit. While Moneta Markets has good features, its pricing isn't quite at par with the leaders in the market. It holds a commendable 4.5-star rating and is ranked #16 among 62 brokers for commissions and fees by ForexBrokers.com.
Both FOREX.com and Moneta Markets provide solid options depending on trading needs, whether it's FOREX.com’s high-volume trading advantages with RAW accounts or Moneta Markets’ accessible pricing on its ECN accounts. Traders should evaluate their capital and trading volume to determine the best fit for their strategies, as both brokers offer competitive rates within different trading environments.
| Feature |
FOREX.com
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | $100 | $50 |
| Average Spread EUR/USD - Standard | 1.4 | 1.38 |
| All-in Cost EUR/USD - Active | 0.9 | 0.79 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FOREX.com and Moneta Markets both offer traders opportunities in forex trading via CFDs or spot contracts. When comparing their range of investments, FOREX.com stands out by providing 5,500 tradeable symbols and 91 forex pairs, while Moneta Markets offers 1,016 tradeable symbols and 54 forex pairs. Neither platform allows clients to buy exchange-traded securities on U.S. or international exchanges, meaning that purchasing shares like Apple or Vodafone directly is not an option with these brokers. However, both brokers support trading in cryptocurrency derivatives, even though they do not enable buying actual cryptocurrencies.
For those interested in additional trading features, Moneta Markets distinguishes itself by offering copy trading, a feature not available with FOREX.com. Despite having fewer tradeable options, Moneta Markets offers this added convenience, which can attract a certain segment of traders. In terms of overall range, FOREX.com receives a higher rating with five stars, compared to Moneta Markets' four-star rating. Furthermore, FOREX.com ranks 7th out of 62 brokers for the range of investments category according to ForexBrokers.com, while Moneta Markets ranks 35th. This comparison underscores FOREX.com as a more comprehensive choice for those prioritizing a wide range of investment options.
| Feature |
FOREX.com
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 1016 |
| Forex Pairs (Total) | 91 | 54 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | 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.
When comparing online brokers FOREX.com and Moneta Markets, both offer free virtual demo accounts to help prospective traders gain experience without financial risk. FOREX.com stands out with its proprietary trading platform, developed in-house, while Moneta Markets relies on third-party platforms. Both brokers accommodate Windows-based desktop and web-based trading, providing flexibility in how traders access the markets. FOREX.com and Moneta Markets offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5); however, only Moneta Markets provides features like copy trading and ZuluTrade, which can attract traders interested in automatically mirroring others' trades.
In terms of charting tools, FOREX.com takes the lead with 239 drawing tools compared to Moneta Markets' 78, offering more options for detailed technical analysis. Both brokers allow users to trade directly from stock charts, simplifying the trading process. FOREX.com also provides more comprehensive watch lists, with 20 columns compared to Moneta Markets' 4. This extensive feature set has earned FOREX.com a five-star rating for its trading platforms and tools, ranking it 7th out of 62 brokers on ForexBrokers.com. Meanwhile, Moneta Markets holds a respectable four-star rating, placing it at 33rd, indicating a solid offering but with fewer advanced features than FOREX.com.
| Feature |
FOREX.com
|
Moneta Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 88 | 105 |
| Charting - Drawing Tools (Total) | 239 | 78 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 20 | 4 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FOREX.com and Moneta Markets both offer mobile trading apps compatible with iPhone and Android devices, making them accessible for users across different platforms. Both apps provide essential features such as stock or forex price alerts, watchlist symbol syncing, and the ability to draw trendlines and view multiple time frames on charts. They also allow watchlist creation with real-time quotes, helping traders stay updated with market movements while on the go. However, FOREX.com edges out Moneta Markets in terms of charting capabilities, offering 88 technical studies compared to Moneta Markets' 30, allowing a more comprehensive analysis for traders using FOREX.com.
When it comes to user ratings and rankings, FOREX.com has a slight advantage. It receives a perfect five-star rating for its mobile trading app, while Moneta Markets garners four stars. Additionally, FOREX.com is ranked 3rd out of 62 brokers in the Mobile Trading Apps category by ForexBrokers.com, indicating high user satisfaction and effectiveness. In comparison, Moneta Markets is ranked 35th, suggesting there's room for improvement. Both options are solid choices for mobile trading, but FOREX.com seems to offer a more highly regarded and feature-rich experience.
| Feature |
FOREX.com
|
Moneta Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 88 | 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.
Both FOREX.com and Moneta Markets offer a broad range of features for market research, catering to traders looking to stay informed. They each provide daily market commentary and access to forex news from reputable sources like Bloomberg and Reuters, helping you stay updated with the latest market trends. While neither broker offers tools from Autochartist or market insights from TipRanks, both utilize technical analysis through Trading Central and present sentiment-based trading tools that reveal trading positions across different instruments. Moreover, they both feature an economic calendar that highlights upcoming global news events, supporting traders in planning their strategies around significant economic developments.
Despite the similarities, FOREX.com edges ahead of Moneta Markets in terms of research offerings. With a research rating of 4.5 stars, FOREX.com demonstrates a slight advantage over Moneta Markets, which holds a 4-star rating. This difference is reflected in their respective rankings by ForexBrokers.com, where FOREX.com secures the 9th position among 62 brokers, compared to Moneta Markets at 32nd place. This suggests that while both platforms are valuable for market research, FOREX.com might provide a slightly richer experience for traders prioritizing research quality.
| Feature |
FOREX.com
|
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 | Yes | 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 FOREX.com and Moneta Markets provide a solid foundation. Each platform offers a wealth of more than ten educational pieces, including articles, videos, and archived webinars, focusing on forex and CFDs. However, FOREX.com stands out by offering monthly live educational webinars and maintaining an accessible archive of recorded sessions, ensuring users never miss out on learning opportunities. In contrast, Moneta Markets does not provide these live sessions or a searchable webinar archive, which could be a consideration for those who prefer live and interactive learning experiences. Additionally, FOREX.com supports beginners with a comprehensive investor dictionary covering over 50 investing terms, a feature Moneta Markets does not have.
For those taking their first steps into trading, both platforms offer at least ten beginner-focused educational videos, ensuring novice traders have ample material to kick start their journey. Beyond beginner content, they each provide more than ten advanced videos targeting more experienced traders. With a 4.5-star rating in education, FOREX.com achieves the impressive number four spot in the education category among 62 brokers as ranked by ForexBrokers.com. Meanwhile, Moneta Markets, while slightly behind with a 4-star rating, holds the 33rd position. This reflects how FOREX.com could be the better choice for individuals who prioritize extensive educational resources and learning flexibility, whereas Moneta Markets still presents a valuable option with relevant learning content.
| Feature |
FOREX.com
|
Moneta Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that FOREX.com is better than Moneta Markets. FOREX.com finished with an overall rank of #5, while Moneta Markets finished with an overall rank of #35.
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
| Feature |
FOREX.com
|
Moneta Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 72 |
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Both FOREX.com and Moneta Markets do not offer the ability to buy actual delivered cryptocurrency, but they do provide options to purchase cryptocurrency derivatives, allowing traders to engage in digital asset transactions without owning the currencies directly.
When comparing FOREX.com to Moneta Markets, FOREX.com provides more diverse payment options including ACH, SEPA, and PayPal for deposits and withdrawals, whereas Moneta Markets lacks these methods, though both support Visa, Mastercard, and bank wire transfers.
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 | FOREX.com | Moneta Markets | |
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| Trust Score | 99 | 72 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | Moneta Markets Review |
| Broker Screenshots | FOREX.com | Moneta Markets | |
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| Regulation | FOREX.com | Moneta Markets | |
|---|---|---|---|
| Trust Score | 99 | 72 | |
| Year Founded | 1999 | 2009 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | FOREX.com | Moneta Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | FOREX.com | Moneta Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FOREX.com | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 1016 | |
| Forex Pairs (Total) | 91 | 54 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | 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 | FOREX.com | Moneta Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | 1.38 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.79 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FOREX.com | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | $100 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FOREX.com | Moneta Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | FOREX.com | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 20 | 4 | |
| Charting - Indicators / Studies (Total) | 88 | 105 | |
| Charting - Drawing Tools (Total) | 239 | 78 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FOREX.com | Moneta Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 88 | 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 | FOREX.com | 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 | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FOREX.com | Moneta Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FOREX.com | 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 | FOREX.com Review | Moneta Markets Review |
| Overall | FOREX.com | Moneta Markets | |
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| Trust Score | 99 | 72 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | Moneta Markets Review |
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