Written by ForexBrokers.com
In this head to head comparison of FXCM 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.
FXCM, established in 1999, stands out in the online brokerage world with a high trust rating of 95 according to ForexBrokers.com. This positions FXCM as a highly trusted option, trading publicly and being supported by four Tier-1 licenses and two Tier-2 licenses. Even though it is not a bank, its extensive regulatory oversight ensures safety and reliability for traders.
On the other hand, Moneta Markets, founded in 2009, is not publicly traded. It holds one Tier-1 license and one Tier-2 license, providing a foundation of trustworthiness but not quite reaching the same level as FXCM. With a Trust Score of 72, Moneta Markets is considered an average risk for traders seeking a reliable online broker. Both brokers are not banks, but their regulatory standings clearly differentiate their levels of trust and risk.
| Feature |
FXCM
|
Moneta Markets
|
|---|---|---|
| Year Founded | 1999 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing FXCM and Moneta Markets in terms of commissions and fees, both brokers offer competitive options, albeit with some differences. FXCM's pricing for forex trading is slightly higher than the industry average. Standard account holders encounter average spreads of 0.78 for the EUR/USD pair, though spreads can widen during abnormal market conditions. FXCM provides significant spread discounts for active traders through its Rebate Program, though it is not available in the U.K. or EU. Despite these discounts, FXCM's effective spread on commission-based pricing is approximately 0.74 pips when factoring in commissions.
Moneta Markets presents varying fees across its three account types: the commission-free Direct STP account and the commission-based Moneta Prime ECN and Ultra ECN accounts. The Direct STP account has a higher average spread of 1.38 pips on the EUR/USD pair. In contrast, the Prime ECN account offers an average spread of 0.194 pips with additional commissions, resulting in an all-in cost of around 0.79 pips. The Ultra ECN account provides even tighter spreads and lower commissions, requiring a $20,000 deposit. Moneta Markets' pricing is slightly more favorable than FXCM's in some aspects but still cannot compete with the leaders in the forex market.
Based on user reviews and industry rankings, FXCM is rated 4 stars for commissions and fees, ranking 24th out of 62 brokers by ForexBrokers.com. Moneta Markets fares slightly better with a rating of 4.5 stars, securing the 16th spot in the same ranking. These ratings reflect Moneta Markets' slightly more favorable commission structure, making it a preferred choice for some traders over FXCM.
| Feature |
FXCM
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | Starts from $50 | $50 |
| Average Spread EUR/USD - Standard | 0.78 | 1.38 |
| All-in Cost EUR/USD - Active | 0.78 | 0.79 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | 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.
When comparing FXCM and Moneta Markets, two prominent online brokers, both offer forex trading as CFDs or spot contracts. However, Moneta Markets provides a wider array of tradeable assets, offering 1016 symbols, surpassing FXCM's 440. For those specifically interested in forex pairs, Moneta Markets again takes the lead with 54 pairs, compared to FXCM's 43. On the downside, neither broker allows trading in exchange-traded securities, such as direct shares from U.S. or international exchanges.
Additional features include copy trading options available through both platforms, which is advantageous for those looking to mimic successful trading strategies. While neither broker provides the option to buy actual cryptocurrencies, both offer derivatives for crypto trading. According to ForexBrokers.com, Moneta Markets scores a 4 out of 5 stars for its range of investments, ranked 35th out of 62 brokers, demonstrating a slightly broader investment selection compared to FXCM's 3.5-star rating, placing it 47th in the same category.
| Feature |
FXCM
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 440 | 1016 |
| Forex Pairs (Total) | 43 | 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.
FXCM and Moneta Markets both provide excellent options for traders, each with their own strengths. FXCM shines with its proprietary platform and offers both desktop and web-based platforms, including MetaTrader 4. Although it does not support MetaTrader 5, FXCM enables copy trading and provides access to features like ZuluTrade. Traders can enjoy a comprehensive trading experience with 13 customizable columns in watch lists and 10 drawing tools for charting, allowing for detailed analysis and monitoring of their trades. Notably, FXCM holds a prestigious #6 ranking out of 62 brokers in the Trading Platforms and Tools category by ForexBrokers.com, earning 5 stars for its offerings.
Moneta Markets presents a compelling alternative, especially for those interested in utilizing MetaTrader 5 alongside MetaTrader 4. While it doesn't offer a proprietary platform, traders can still access both desktop and web-based setups, with features like copy trading and ZuluTrade integration. A standout feature is Moneta Markets' offering of 78 drawing tools, providing traders ample options for technical analysis. However, it falls slightly short with only 4 columns for watch lists. Despite this, Moneta Markets still delivers a solid trading experience, achieving a ranking of #33 by ForexBrokers.com and a respectable 4-star rating for Trading Platforms and Tools.
| Feature |
FXCM
|
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) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | Yes | Yes |
| Charting - Indicators / Studies (Total) | 115 | 105 |
| Charting - Drawing Tools (Total) | 10 | 78 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 13 | 4 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FXCM and Moneta Markets offer mobile trading apps that are compatible with iPhone and Android devices. Users can receive stock or forex price alerts and benefit from watchlist symbol syncing across mobile and online accounts with both brokers. Additionally, they provide the capability to draw trendlines, view multiple time frames, and ensure automatic saving of chart drawings, enhancing the overall trading experience. Both platforms allow users to create personalized watchlists with real-time quotes, catering to traders who value up-to-the-minute data.
Despite their similarities, FXCM stands out with its offering of 59 technical studies for charting, compared to Moneta Markets' 30. FXCM also receives a higher user rating of 4.5 stars for mobile trading apps, while Moneta Markets follows closely with 4 stars. In terms of industry ranking, FXCM is positioned at #16 out of 62 brokers, outperforming Moneta Markets, which is ranked at #35 for their mobile trading apps on ForexBrokers.com. For traders seeking a more comprehensive set of charting tools and higher rated user experience, FXCM may be the preferable option.
| Feature |
FXCM
|
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 | 59 | 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 FXCM and Moneta Markets for their market research offerings, both brokers provide daily market commentary and access to forex news from leading sources such as Bloomberg and Reuters. They each offer technical analysis through Trading Central tools and have sentiment-based trading tools to help evaluate market positions. Additionally, both brokers provide an economic calendar to keep traders informed on important global news events. However, FXCM goes a step further by offering research from TipRanks, which Moneta Markets does not provide.
In terms of overall research capabilities, FXCM is rated slightly higher at 4.5 stars compared to Moneta Markets' 4 stars. This is reflected in their rankings by ForexBrokers.com, where FXCM secures the 11th position out of 62 brokers, while Moneta Markets is ranked at 32nd. For traders who prioritize comprehensive market research, FXCM may offer a more attractive package compared to Moneta Markets.
| Feature |
FXCM
|
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 | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing FXCM and Moneta Markets based on educational resources for beginners, both platforms offer a wide range of materials, each surpassing the minimum 10 educational pieces related to forex or CFDs. FXCM and Moneta Markets each provide over 10 beginner videos and advanced educational content, ensuring a comprehensive suite for traders of all experience levels. However, FXCM goes a step further by hosting monthly online webinars, a feature Moneta Markets lacks. Furthermore, FXCM offers a searchable archive of recorded webinars accessible for future reference, which is not available with Moneta Markets.
FXCM also distinguishes itself by providing an investor dictionary with over 50 terms, an educational tool not offered by Moneta Markets. With these additional resources, FXCM earns a higher educational rating of 4.5 stars compared to Moneta Markets' 4 stars. In ForexBrokers.com rankings, FXCM secures the 14th spot out of 62 brokers, whereas Moneta Markets is placed at 33rd, highlighting FXCM’s commitment to enhancing educational support for its clients. For beginner traders seeking extensive and diverse learning materials, FXCM appears to offer a more supportive educational environment.
| Feature |
FXCM
|
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 FXCM is better than Moneta Markets. FXCM finished with an overall rank of #15, while Moneta Markets finished with an overall rank of #35.
For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average.
| Feature |
FXCM
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Moneta Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 72 |
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Both FXCM and Moneta Markets allow investors to trade cryptocurrency derivatives, but neither platform offers the option to purchase actual (delivered) cryptocurrency.
FXCM provides a wide array of deposit and withdrawal options, including ACH, SEPA transfers, PayPal, Skrill, Visa, Mastercard, and bank wires, whereas Moneta Markets supports primarily traditional methods such as Visa, Mastercard, and bank wires but lacks support for ACH, SEPA transfers, PayPal, and Skrill.
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 | FXCM | Moneta Markets | |
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| Trust Score | 95 | 72 | |
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| Review | FXCM Review | Moneta Markets Review |
| Broker Screenshots | FXCM | Moneta Markets | |
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| Regulation | FXCM | Moneta Markets | |
|---|---|---|---|
| Trust Score | 95 | 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 | 4 | 1 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | FXCM | Moneta Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | 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) | Yes | 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) | FXCM | Moneta Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | 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 | FXCM | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 440 | 1016 | |
| Forex Pairs (Total) | 43 | 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 | FXCM | Moneta Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.78 | 1.38 | |
| All-in Cost EUR/USD - Active | 0.78 | 0.79 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FXCM | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | Starts from $50 | $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 | Yes | No |
| Trading Platforms | FXCM | 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) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | Yes |
| Trading Tools | FXCM | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 13 | 4 | |
| Charting - Indicators / Studies (Total) | 115 | 105 | |
| Charting - Drawing Tools (Total) | 10 | 78 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FXCM | 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 | 59 | 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 | FXCM | Moneta Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FXCM | 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 | FXCM | 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 | FXCM Review | Moneta Markets Review |
| Overall | FXCM | Moneta Markets | |
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| Trust Score | 95 | 72 | |
| Winner | check_circle | ||
| Review | FXCM Review | Moneta Markets Review |
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