Written by ForexBrokers.com
In this head to head comparison of Moneta Markets vs FXGT.com, 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.
Moneta Markets and FXGT.com are two online brokers widely known in the trading community. Both founded in different decades—Moneta Markets in 2009 and FXGT.com in 2019—these platforms offer a range of services for traders worldwide. Neither Moneta Markets nor FXGT.com is registered as a public company or a bank, which is common in the brokerage industry. When it comes to regulation, each holds one Tier-1 license, which is considered highly trusted, and one Tier-2 license, providing a crucial layer of credibility and reliability for both platforms.
The Trust Score from ForexBrokers.com gives Moneta Markets a score of 72, categorizing it as average risk, while FXGT.com receives a score of 69, placing it in the high-risk category. These ratings help traders gauge the relative safety offered by each platform. Considering these factors, potential users can assess Moneta Markets slightly more favorably from a trust perspective, aligning their decision with their own risk tolerance and trading needs.
| Feature |
Moneta Markets
|
FXGT.com
|
|---|---|---|
| Year Founded | 2009 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing Moneta Markets to FXGT.com in terms of commissions and fees, Moneta Markets offers a variety of account options that cater to different trading needs. The Moneta Markets Direct STP account is a commission-free option with higher spreads, averaging 1.38 pips for the EUR/USD pair in August 2023. For traders looking for tighter spreads, the Moneta Prime ECN account offers an average spread of 0.194 pips with a commission of $6 per round-trip standard lot, bringing the total cost to about 0.79 pips, which is slightly below industry averages. The Ultra ECN account provides even lower commissions of $2 per round-trip for those able to meet the $20,000 minimum deposit requirement.
In contrast, FXGT.com does not provide average spread data, which can make it challenging for potential traders to evaluate the exact cost of trading with them. Despite offering various account types, the lack of detailed information might leave some traders in the dark about potential fees. This could influence the decision-making process for traders who prioritize transparency in trading costs.
Overall, Moneta Markets shines with a 4.5-star rating in commissions and fees, ranking #16 out of 62 brokers, according to ForexBrokers.com. On the other hand, FXGT.com holds a 3.5-star rating and is positioned at #55 in the same category. These rankings reflect Moneta Markets' competitive edge in offering more cost-effective trading options compared to FXGT.com, making it a preferred choice for fee-conscious traders.
| Feature |
Moneta Markets
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $50 | $5 |
| 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 | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | 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.
When comparing Moneta Markets and FXGT.com for their range of investment opportunities, Moneta Markets clearly takes the lead with an impressive offering of 1,016 tradeable symbols, significantly surpassing the 117 symbols available at FXGT.com. Both brokers provide access to forex trading through CFDs or spot contracts, with Moneta Markets slightly edging out FXGT.com by offering 54 forex pairs compared to FXGT.com's 53 pairs. Neither platform allows for the purchase of U.S. or international exchange-traded securities like Apple or Vodafone shares directly, as they focus on CFDs and derivatives.
In the cryptocurrency space, both Moneta Markets and FXGT.com offer cryptocurrency derivatives rather than direct purchases. Additionally, both platforms support copy trading, adding a layer of flexibility for traders looking to follow successful peers. With these offerings, Moneta Markets earns a commendable 4 out of 5 stars for its range of investments, while FXGT.com receives 3 stars. According to ForexBrokers.com, Moneta Markets is ranked #35 out of 62 brokers, which is considerably higher than FXGT.com’s ranking at #60, making Moneta Markets the more attractive option for investors seeking a broader range of trading options.
| Feature |
Moneta Markets
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 117 |
| Forex Pairs (Total) | 54 | 53 |
| 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.
When comparing Moneta Markets and FXGT.com, both brokers provide a comprehensive selection of trading platforms and tools, with similarities and some distinct differences. Each offers a free virtual demo account, enabling simulated trading for beginners and seasoned traders alike. Neither broker has developed its own proprietary platform, but both support widely-used tools like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), catering to diverse trading needs. They also offer a range of trading platforms: a Windows desktop download and a convenient web-based option. Additionally, both brokers support copy trading, although only Moneta Markets extends its offering with ZuluTrade, a popular social trading platform.
Moneta Markets shines by providing a broader range of drawing tools for charting, boasting 78 tools compared to FXGT.com's 23. Both platforms support direct trading from stock charts, making real-time transactions straightforward. As for watchlist customization, FXGT.com offers an extra column of fields with 5, compared to Moneta Markets’ 4. Although both brokers are highly rated with 4 stars in their trading platforms and tools category, their rankings differ, with Moneta Markets positioned higher at #33 compared to FXGT.com at #56 out of 62 brokers reviewed by ForexBrokers.com. These nuances make Moneta Markets a potentially better fit for traders seeking extensive charting tools and a more favorable industry ranking.
| Feature |
Moneta Markets
|
FXGT.com
|
|---|---|---|
| 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 | No |
| Charting - Indicators / Studies (Total) | 105 | 37 |
| Charting - Drawing Tools (Total) | 78 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 4 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading, both Moneta Markets and FXGT.com provide convenient options for traders on the go. Available for both iPhone and Android users, each app offers features like stock or forex price alerts and syncing capabilities that ensure watchlists stay updated across devices. Traders can enjoy viewing multiple time frames and drawing trendlines on charts, with the added assurance that any drawings are automatically saved. Both platforms also provide 30 technical studies for chart analysis, enhancing the trading experience.
Despite their similarities, Moneta Markets arguably has a slight edge in its mobile trading app offerings. This is reflected in its higher user rating of 4 stars compared to FXGT.com's 3.5 stars. Additionally, Moneta Markets holds a better ranking in ForexBrokers.com's Mobile Trading Apps category, positioned at #35 out of 62 brokers, while FXGT.com is ranked #58. Both apps allow users to create watchlists with real-time quotes, yet the overall user satisfaction and industry ranking suggest Moneta Markets might be a more favorable choice for those prioritizing mobile trading expertise.
| Feature |
Moneta Markets
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | 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.
When it comes to market research offerings, Moneta Markets stands out with its daily market commentary, which FXGT.com does not offer. Traders seeking in-depth forex news will find Moneta Markets to be a better choice, as it provides updates from top-tier sources like Bloomberg and Reuters, a service not available with FXGT.com. Both brokers offer economic calendars that help traders keep track of critical global events. However, Moneta Markets further differentiates itself with research tools from Trading Central and a sentiment-based trading tool, showcasing its commitment to providing comprehensive research resources.
While neither Moneta Markets nor FXGT.com offers tools from Autochartist or market research from TipRanks, Moneta Markets earns a higher research rating, with four out of five stars compared to FXGT.com’s three. Additionally, Moneta Markets is ranked 32nd among 62 brokers in the research category by ForexBrokers.com, significantly ahead of FXGT.com, which holds the 56th position. These distinctions highlight Moneta Markets as a more research-focused broker, appealing to traders who value detailed market insights.
| Feature |
Moneta Markets
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| 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, Moneta Markets outshines FXGT.com. Moneta Markets provides a comprehensive educational experience, offering over 10 educational pieces that cover forex and CFDs concepts. Beginners can benefit from more than 10 video tutorials specifically designed to help them grasp trading basics. Additionally, there are more than 10 advanced educational videos aimed at experienced traders, catering to those looking to deepen their trading knowledge. Despite not offering monthly live webinars or a webinar archive, Moneta Markets maintains a strong educational platform, earning 4 out of 5 stars and ranking 33rd out of 62 brokers in the Education category.
In contrast, FXGT.com falls short in terms of educational offerings for newcomers. The platform does not provide the same breadth of resources as Moneta Markets, lacking a minimum of 10 educational materials centered on forex or CFDs. FXGT.com also does not deliver the same level of beginner-targeted video content. However, it does feature an investor dictionary with over 50 definitions, which is a useful tool for understanding basic investing terms. Ultimately, FXGT.com's educational offerings are reflected in its 3-star rating and a 59th-place ranking among 62 brokers according to ForexBrokers.com. While it has some resources, those new to trading might find Moneta Markets more beneficial for their learning journey.
| Feature |
Moneta Markets
|
FXGT.com
|
|---|---|---|
| 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 FXGT.com. Moneta Markets finished with an overall rank of #35, while FXGT.com finished with an overall rank of #58.
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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FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 72 | 69 |
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Both Moneta Markets and FXGT.com do not offer the ability to buy actual, delivered cryptocurrency, but they do provide options to trade cryptocurrency derivatives.
When comparing Moneta Markets and FXGT.com, both online brokers offer Visa or Mastercard and bank wires for deposit and withdrawal options, but FXGT.com additionally supports ACH and SEPA transfers, a feature not available with Moneta Markets; neither platform supports PayPal or 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 | Moneta Markets | FXGT.com | |
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| Trust Score | 72 | 69 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
| Broker Screenshots | Moneta Markets | FXGT.com | |
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| Regulation | Moneta Markets | FXGT.com | |
|---|---|---|---|
| Trust Score | 72 | 69 | |
| Year Founded | 2009 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | Moneta Markets | FXGT.com | |
|---|---|---|---|
| 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 | No | |
| 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 | FXGT.com | |
|---|---|---|---|
| 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 | Moneta Markets | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1016 | 117 | |
| Forex Pairs (Total) | 54 | 53 | |
| 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 | Moneta Markets | FXGT.com | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Moneta Markets | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $50 | $5 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Moneta Markets | FXGT.com | |
|---|---|---|---|
| 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 | No |
| Trading Tools | Moneta Markets | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 4 | 5 | |
| Charting - Indicators / Studies (Total) | 105 | 37 | |
| Charting - Drawing Tools (Total) | 78 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Moneta Markets | FXGT.com | |
|---|---|---|---|
| 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 | 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 | Moneta Markets | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Moneta Markets | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
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| Trust Score | 72 | 69 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
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