Written by ForexBrokers.com
In this head to head comparison of FP Markets 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.
FP Markets and Moneta Markets are both online brokers that cater to different trading needs while ensuring strong regulation to safeguard their clients. FP Markets was founded in 2005 and holds a higher ForexBrokers.com Trust Score rating of 89, indicating a trusted status, as it manages to secure two Tier-1 licenses and one Tier-2 license. On the other hand, Moneta Markets, established in 2009, has a Trust Score rating of 72, marking an average risk category. It operates with one Tier-1 license and an additional Tier-2 license. Neither of the brokers are publicly traded or operate as banks, focusing solely on providing brokerage services.
While both brokers maintain strong regulatory standings, FP Markets edges ahead with its higher trust score and additional Tier-1 license, reflecting a stronger regulatory backing compared to Moneta Markets. These licenses are crucial for client protection and signify their commitment to maintaining high standards of transparency and security. Choosing between the two depends on individual preferences and the specific regulatory reassurances traders seek in their online brokers.
| Feature |
FP Markets
|
Moneta Markets
|
|---|---|---|
| Year Founded | 2005 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
FP Markets and Moneta Markets both offer attractive options for traders mindful of commissions and fees, but they cater to slightly different needs. FP Markets has built a reputation for cost-competitiveness, particularly with its commission-based ECN account offered through the MetaTrader and cTrader platforms. Their ECN account features a spread of roughly 0.1 pips, translating to an all-in cost of 0.8 pips per trade after including commissions. Their Iress platform suite, though offering direct market access with full book depth, demands a higher minimum deposit or monthly commissions to avoid extra fees. This array of options helped FP Markets earn a 5-star rating and rank 6 out of 62 brokers for commissions and fees, according to ForexBrokers.com.
On the other hand, Moneta Markets provides three account choices, appealing to both commission-based and commission-free trading preferences. Their Direct STP account is commission-free, but with higher spreads averaging 1.38 pips on the EUR/USD pair as of August 2023. However, their Prime ECN option offers a compelling average spread of 0.194 pips with a $6 round-trip commission per lot, bringing the all-in cost to 0.79 pips, slightly below the industry average. A lower commission rate accompanies the Ultra ECN account, enticing traders with a $20,000 deposit with a $2 round-trip fee. Moneta Markets received a commendable 4.5-star rating and is ranked 16 out of 62 brokers.
Both FP Markets and Moneta Markets offer competitive trading costs, though FP Markets might be better suited for traders looking for low-cost ECN options and who can meet the higher balance requirements of the Iress accounts. Meanwhile, Moneta Markets appeals to traders seeking lower deposit criteria without sacrificing too much on spread competitiveness. Each broker provides a distinct advantage tailored to specific trading strategies and financial abilities, making either a suitable choice depending on individual trading needs and budget.
| Feature |
FP Markets
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | $100 AUD | $50 |
| Average Spread EUR/USD - Standard | 1.2 | 1.38 |
| All-in Cost EUR/USD - Active | 0.7 | 0.79 |
| Active Trader or VIP Discounts | Yes | 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.
FP Markets and Moneta Markets both offer forex trading as CFDs, catering to traders seeking leverage and diverse trading options. FP Markets excels with a staggering 10,000 tradeable symbols, significantly more than Moneta Markets' 1,016 symbols. This includes 71 forex pairs available through FP Markets, surpassing Moneta Markets' 54. However, both platforms do not provide opportunities to trade exchange-traded securities on U.S. or international exchanges. Despite this limitation, they each support copy trading, broadening their appeal to those interested in following seasoned traders.
When it comes to cryptocurrency, neither FP Markets nor Moneta Markets allows the purchase of actual cryptocurrencies. Still, both offer cryptocurrency derivatives, allowing traders to speculate on cryptocurrency price movements. FP Markets receives a higher rating of 4.5 stars out of 5 for its range of investments, while Moneta Markets is rated slightly lower at 4 stars. This is echoed in their rankings on ForexBrokers.com, where FP Markets ranks 18th out of 62 brokers, whereas Moneta Markets holds the 35th position. Ultimately, FP Markets stands out with a broader range of tradeable assets, making it a stronger candidate for those seeking a wider array of investment opportunities.
| Feature |
FP Markets
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 1016 |
| Forex Pairs (Total) | 71 | 54 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| 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 FP Markets and Moneta Markets offer rich features to enhance the trading experience. Both brokers provide a virtual demo account for simulated trading, which is an excellent way for users to practice without financial risk. When it comes to platform variety, FP Markets offers an in-house developed proprietary platform, while Moneta Markets relies on third-party offerings. For traders preferring desktop applications, both brokers allow Windows downloads, alongside web-based trading platforms accessible from any browser. Traders on both platforms can also benefit from options like copy trading and the popular MetaTrader 4 and 5 platforms. Despite these similarities, Moneta Markets has an edge in offering ZuluTrade, a third-party service enabling users to follow other traders' strategies.
Differences emerge in the charting tools each broker provides; FP Markets offers a more limited selection with 17 drawing tools compared to Moneta Markets' impressive 78 options. However, FP Markets compensates with broader watch list customization, allowing seven fields against Moneta Markets' four. These features are part of the reason both brokers enjoy a solid 4-star rating for their trading platforms and tools, though FP Markets ranks higher at #23 compared to Moneta Markets' #33 in the category, according to ForexBrokers.com. Each broker offers a competitive suite for traders, yet specific platform tools and preferences may guide your choice.
| Feature |
FP Markets
|
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) | 17 | 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 FP Markets and Moneta Markets, both brokers provide their users with a seamless experience on iPhone and Android devices. Each app provides stock and forex price alerts, the ability to draw trendlines on charts, access to multiple time frames, and real-time watchlists to keep traders well-informed and responsive to market conditions. Both apps also ensure that any drawings made are automatically saved, simplifying the trading process. However, Moneta Markets offers the added convenience of watchlist symbol syncing, which allows users to make changes on any device and have them reflected across their account. On the other hand, FP Markets includes the MetaTrader default charting tools, which in some situations, might offer fewer predefined technical studies than the 30 provided by Moneta Markets.
Both mobile apps from FP Markets and Moneta Markets have received a four-star rating, indicating their quality and user satisfaction. However, according to ForexBrokers.com, FP Markets stands higher in the rankings at #18 out of 62 brokers, compared to Moneta Markets, positioned at #35. This difference suggests that while both apps perform well, FP Markets may have a slight edge in its mobile trading experience. Whether you're a beginner or a seasoned trader, both FP Markets and Moneta Markets offer competitive mobile platforms, although some features may cater differently depending on the user's needs.
| Feature |
FP Markets
|
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 | MetaTrader (Default) | 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.
When comparing FP Markets and Moneta Markets for market research, both brokers offer daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. FP Markets shines with its integration of Autochartist, offering advanced technical and fundamental analysis tools, a feature not available with Moneta Markets. Both brokers provide tools from Trading Central and sentiment-based trading tools that show position ratios across currency pairs, helping traders make informed decisions.
While both FP Markets and Moneta Markets lack research tools from Acuity Trading and market insights from TipRanks, they do provide an economic calendar that tracks global economic events, ensuring users stay updated on potential market movers. Rated equally at 4 stars for research, FP Markets is ranked #25 out of 62 brokers by ForexBrokers.com, placing slightly higher than Moneta Markets, which holds the #32 spot. This ranking signifies FP Markets' slight edge in offering a comprehensive suite of research tools.
| Feature |
FP Markets
|
Moneta Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | 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, FP Markets and Moneta Markets both present a solid array of options for budding traders. FP Markets excels by offering more than 10 educational pieces focused on forex or CFDs, as well as conducting monthly online webinars to enhance learning. They also provide a searchable archive of recorded webinars, which is a significant advantage for those who appreciate flexible learning schedules. Their commitment is evident with a selection of over 10 beginner-focused videos, a comprehensive investor dictionary with over 50 investing terms, and advanced videos catered to experienced traders. This robust educational offering has earned FP Markets a commendable ranking of 23 out of 62 brokers in the education category by ForexBrokers.com.
Moneta Markets also equips beginners with over 10 educational pieces and a library of videos suitable for both novice and advanced traders. However, unlike FP Markets, they do not offer regular educational webinars or access to a library of past webinars, which might be a consideration for those who prefer live interaction and reviewable content. Although they present a good starting point, their lack of an investor dictionary and webinars slightly affects their overall accessibility and depth. Consequently, Moneta Markets holds a rating of 4 stars in education, while being ranked at 33 by ForexBrokers.com, suggesting some room for growth in their educational offerings.
| Feature |
FP Markets
|
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 FP Markets is better than Moneta Markets. FP Markets finished with an overall rank of #19, while Moneta Markets finished with an overall rank of #35.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
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Moneta Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 72 |
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Both FP Markets and Moneta Markets do not offer the option to buy actual, delivered cryptocurrency, but they do provide the ability to trade cryptocurrency derivatives.
When comparing online brokers FP Markets and Moneta Markets, it's important to note that both platforms do not support ACH or SEPA transfers, but FP Markets allows for deposits and withdrawals using PayPal and Skrill while Moneta Markets does not; however, both brokers facilitate transactions via Visa, Mastercard, and bank wires.
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 | FP Markets | Moneta Markets | |
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| Trust Score | 89 | 72 | |
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| Review | FP Markets Review | Moneta Markets Review |
| Broker Screenshots | FP Markets | Moneta Markets | |
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| Regulation | FP Markets | Moneta Markets | |
|---|---|---|---|
| Trust Score | 89 | 72 | |
| Year Founded | 2005 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | Moneta Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| 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). | Yes | No |
| Tier-2 Licenses (Trusted) | FP Markets | Moneta Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FP Markets | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 1016 | |
| Forex Pairs (Total) | 71 | 54 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| 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 | FP Markets | Moneta Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 1.38 | |
| All-in Cost EUR/USD - Active | 0.7 | 0.79 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $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 | FP Markets | 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | FP Markets | 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) | 17 | 78 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | 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 | MetaTrader (Default) | 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 | FP Markets | Moneta Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | 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 | FP Markets | 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 | FP Markets Review | Moneta Markets Review |
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| Trust Score | 89 | 72 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Moneta Markets Review |
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