Written by ForexBrokers.com
In this head to head comparison of Moneta Markets vs FXOpen, 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 the online brokers Moneta Markets and FXOpen, there are several key factors to consider, especially regarding their trust and regulatory standings. Moneta Markets was founded in 2009 and holds one Tier-1 license and one Tier-2 license, contributing to its ForexBrokers.com Trust Score rating of 72. This score places Moneta Markets within the average risk category, indicating a level of trust that is acceptable but not as high when compared to its peers. Although Moneta Markets is not publicly traded and operates independently from banks, its regulatory credentials provide a balanced level of security for its clients.
FXOpen, established in 2003, holds two Tier-1 licenses, which is a strong indicator of trustworthiness in the brokerage industry. This broker is not publicly traded nor associated with banking institutions, aligning similarly with Moneta Markets in these regards. FXOpen’s ForexBrokers.com Trust Score is 76, placing it slightly above Moneta Markets in terms of trust with an average risk rating. For those prioritizing regulation and trust scores, FXOpen's higher number of Tier-1 licenses and marginally greater Trust Score may offer an edge in reassuring potential clients.
| Feature |
Moneta Markets
|
FXOpen
|
|---|---|---|
| Year Founded | 2009 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing Moneta Markets and FXOpen, Moneta Markets offers three distinct account options, each with varying commission and fee structures. The commission-free Direct STP account provides flexibility but features higher spreads, with an average of 1.38 pips on the EUR/USD pair in August 2023. In contrast, the Prime ECN account, which involves a commission, has a much tighter average spread of 0.194 pips for the same currency pair and costs $6 per round-trip lot, resulting in an all-in cost of roughly 0.79 pips. For traders ready to invest $20,000 or more, the Ultra ECN account offers even lower commissions at $2 per round-turn lot, but these savings come with higher entry requirements.
FXOpen, on the other hand, does not provide specific average spread data, making it challenging to directly compare the cost-effectiveness against Moneta Markets. However, FXOpen maintains a straightforward pricing structure, appealing to traders seeking simpler fee transparency. Despite the lack of detailed spread data, FXOpen still receives a respectable rating and ranking in the industry.
Considering commissions and fees, Moneta Markets holds an advantage with a higher rating of 4.5 stars and ranks 16th out of 62 brokers according to ForexBrokers.com. FXOpen follows with a 4-star rating, positioned at 45th in the same category. This comparison highlights Moneta Markets as the more cost-competitive option between the two, especially for traders prioritizing tighter spreads and are comfortable with the account prerequisites.
| Feature |
Moneta Markets
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $50 | $100 |
| 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 provides a broader array of investment options compared to FXOpen, particularly in forex trading and other areas. Offering forex trading as both CFD and spot contracts, Moneta Markets boasts an impressive lineup of 1016 tradable symbols, including 54 forex pairs. In contrast, FXOpen also provides forex trading through CFDs or spot contracts but with a more limited selection of 87 tradable symbols and 25 forex pairs. Both platforms do not allow the trading of exchange-traded securities on U.S. or international exchanges, which means you won't be able to invest in individual stocks like Apple or Vodafone directly through either broker.
While both Moneta Markets and FXOpen cater to modern trading needs with features like copy trading and cryptocurrency derivatives (though neither offers the ability to purchase actual cryptocurrencies), Moneta Markets holds an edge with its wider range of offerings. It receives a 4-star rating for the range of investments and ranks #35 out of 62 brokers according to ForexBrokers.com. FXOpen, meanwhile, garners a 3-star rating and ranks #61 in the same category. This makes Moneta Markets a more versatile option for traders looking for a variety of financial instruments.
| Feature |
Moneta Markets
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 87 |
| Forex Pairs (Total) | 54 | 25 |
| 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). |
Dive deeper: Best Copy Trading Platforms.
Moneta Markets and FXOpen both provide traders with a comprehensive suite of trading platforms and tools that cater to various needs. Both brokers offer simulated or paper trading through free virtual demo accounts, which is an excellent way for new traders to practice without risking real money. Neither Moneta Markets nor FXOpen has a proprietary platform; however, both offer widely-used options like MetaTrader 4 (MT4) and MetaTrader 5 (MT5) across multiple platforms including Windows-based desktop and web-based browsers. They also support copy trading and ZuluTrade, enhancing the trading experience by enabling traders to follow and copy successful strategies from experienced traders.
When it comes to charting, Moneta Markets stands out with 78 drawing tools available, compared to FXOpen's 15, providing more options for detailed chart analysis. Both brokers offer the capability to trade directly from stock charts, making it easier for traders to execute actions quickly. As for watch lists, FXOpen allows for more customization with seven columns, surpassing Moneta Markets' four columns. Despite these differences, both brokers received a four-star rating for their trading platforms and tools. However, Moneta Markets ranks higher in ForexBrokers.com's Trading Platforms and Tools category, coming in at 33rd place out of 62 brokers, compared to FXOpen's 53rd place.
| Feature |
Moneta Markets
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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 | Yes | Yes |
| 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.
Both Moneta Markets and FXOpen offer mobile trading apps for iPhone and Android, equipped to cater to traders on the go. They support key features like stock and forex price alerts and allow users to draw trendlines and view multiple time frames on charts. Additionally, both brokers offer 30 technical studies within their apps, enabling detailed chart analysis. However, Moneta Markets outperforms FXOpen in a few significant areas. Importantly, Moneta Markets offers watchlist symbol syncing between the mobile app and the client's online account, ensuring seamless updates across platforms. This feature is absent in FXOpen's offering. Moneta Markets also supports auto-saving chart drawings, adding an extra layer of convenience for traders who like to make annotations.
When it comes to ratings, both brokers earn an equal score of 4 stars for their mobile trading apps. Despite the identical star rating, Moneta Markets holds a higher position at #35 in the Mobile Trading Apps category according to ForexBrokers.com, compared to FXOpen's ranking at #54. This shows a slight edge for Moneta Markets in terms of overall user satisfaction and app functionality. Both brokers offer the ability to create watchlists with real-time quotes, catering effectively to users who require instant market data. In summary, while both brokers provide solid mobile app experiences, Moneta Markets offers users a slightly more integrated and user-friendly experience.
| Feature |
Moneta Markets
|
FXOpen
|
|---|---|---|
| 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.
Moneta Markets and FXOpen both provide their clients with daily market commentary and access to forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones. However, the services start to diverge when it comes to tools and additional resources. Moneta Markets stands out by offering features from Trading Central, such as technical analytics, and a sentiment-based trading tool that shows position ratios across various instruments. FXOpen does not offer these specific tools, which may sway traders who rely heavily on analytics and sentiment data.
Both brokers provide an economic calendar that lists current and upcoming global news events, keeping traders informed about key economic indicators. However, neither offers tools from Autochartist, TipRanks, or Acuity Trading. When it comes to research ratings, Moneta Markets edges ahead with a 4-star rating, compared to FXOpen's rating of 3 stars. This difference is reflected in their respective rankings by ForexBrokers.com, where Moneta Markets is positioned at #32 out of 62 brokers, while FXOpen trails at #62. These distinctions might influence traders who prioritize research capabilities and additional insights in choosing their online broker.
| Feature |
Moneta Markets
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| 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 comparing the educational resources available for beginners at Moneta Markets and FXOpen, Moneta Markets stands out with a more extensive offering. Moneta Markets provides over 10 educational pieces specifically focused on forex and CFDs, alongside 10 beginner and 10 advanced educational videos. This comprehensive approach is beneficial for traders at various experience levels who seek to deepen their trading knowledge. However, Moneta Markets does not offer monthly webinars or archived webinar content, which might be a drawback for those looking for interactive learning experiences.
On the other hand, FXOpen does not match Moneta Markets in terms of sheer educational content volume for beginners or advanced traders, as it lacks the minimum threshold of 10 educational pieces and videos. Yet, FXOpen offers an investor dictionary with over 50 investing terms, providing value to those looking to grasp trading terminology. Nonetheless, with a rating of 3 stars for education and a ranking of 58 out of 62 brokers, FXOpen falls behind Moneta Markets, which is rated 4 stars and ranks 33rd in the education category by ForexBrokers.com.
| Feature |
Moneta Markets
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| 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 FXOpen. Moneta Markets finished with an overall rank of #35, while FXOpen finished with an overall rank of #54.
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
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FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 72 | 76 |
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Both Moneta Markets and FXOpen do not allow the purchase of actual delivered cryptocurrency, but they do provide options for trading cryptocurrency derivatives.
Both Moneta Markets and FXOpen allow deposits and withdrawals via Visa, Mastercard, and bank wires, but only FXOpen offers the additional option of using Skrill, while neither supports ACH, SEPA, or PayPal transactions.
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 | FXOpen | |
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| Trust Score | 72 | 76 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
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| Regulation | Moneta Markets | FXOpen | |
|---|---|---|---|
| Trust Score | 72 | 76 | |
| Year Founded | 2009 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Moneta Markets | FXOpen | |
|---|---|---|---|
| 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 | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | Moneta Markets | FXOpen | |
|---|---|---|---|
| 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 | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1016 | 87 | |
| Forex Pairs (Total) | 54 | 25 | |
| 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). |
| Cost | Moneta Markets | FXOpen | |
|---|---|---|---|
| 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 | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Moneta Markets | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $50 | $100 | |
| 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 | FXOpen | |
|---|---|---|---|
| Proprietary Platform | No | 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 | Yes | Yes |
| Trading Tools | Moneta Markets | FXOpen | |
|---|---|---|---|
| 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 | FXOpen | |
|---|---|---|---|
| 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 | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Moneta Markets | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Moneta Markets | FXOpen | |
|---|---|---|---|
| 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 | FXOpen | |
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| Trust Score | 72 | 76 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
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