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IC Markets vs Moneta Markets 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of IC Markets vs Moneta Markets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

IC Markets
4.5/5 Stars Overall
  • Minimum Deposit: $200
  • Trust Score: 84
  • Tradeable Symbols (Total): 3583
Moneta Markets
4/5 Stars Overall
  • Minimum Deposit: $50
  • Trust Score: 72
  • Tradeable Symbols (Total): 1016

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.

Regulation

IC Markets and Moneta Markets, two prominent online brokers, offer different levels of trust and regulatory oversight for potential users. Founded in 2007, IC Markets is not publicly traded and does not function as a bank. It boasts a Trust Score rating of 84 from ForexBrokers.com, classifying it as trusted. This broker holds two Tier-1 licenses, which are highly trusted, though it has no Tier-2 licenses. These credentials suggest IC Markets is more firmly regulated and generally considered safer compared to some of its peers.

Moneta Markets, established in 2009, shares similar characteristics in being neither publicly traded nor operating as a bank. However, its overall regulatory standing differs from IC Markets. Possessing a Trust Score of 72, Moneta Markets is seen as having an average risk. It maintains one highly trusted Tier-1 license and an additional trusted Tier-2 license. Choosing between these brokers may come down to a personal assessment of their trust scores and the safety nets provided by their respective licenses.

Feature IC Markets logoIC Markets
Moneta Markets logoMoneta Markets
Year Founded info 2007 2009
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 1
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 3 1

Fees

When comparing IC Markets with Moneta Markets, IC Markets shines as a cost-effective choice in the forex trading arena. Known for its low trading costs, IC Markets is a go-to option for traders seeking affordability. It offers three account types: the commission-free Standard account and two commission-based options—the Raw Spread and cTrader Raw Spread accounts. Spreads are quite narrow, with the cTrader account boasting a $3.0 per side commission for every 100,000 units. The MetaTrader accounts set commissions marginally higher, at $3.5 per side for the same volume. IC Markets lists its average spread on the EUR/USD at a mere 0.02 pips, making it highly competitive. Earning a stellar five-star rating and ranking #5 out of 62 brokers for commissions and fees, it stands out as Best in Class in the 2024 Annual Awards.

On the other hand, Moneta Markets offers three accounts: the commission-free Direct STP and two commission-based accounts, the Prime ECN and Ultra ECN. While the Direct STP account is commission-free with an average spread of 1.38 pips for the EUR/USD pair, its pricing isn’t as low as IC Markets. The Prime ECN account offers an average spread of 0.194 pips and a commission of $6 per round-trip lot, bringing its all-in cost to about 0.79 pips. For larger investors, the Ultra ECN account has a reduced commission at $2 per round-trip, provided a $20,000 deposit is made. With a commendable 4.5-star rating and a #16 ranking in the same category, Moneta Markets is competitive but falls short compared to the top-performing brokers.

Overall, while both IC Markets and Moneta Markets offer competitive pricing structures, IC Markets provides a more attractive proposition for traders focused on low-cost trading. Its edge in the commissions and fees realm, backed by high broker ratings and a prestigious industry ranking, positions it as a superior choice for cost-sensitive forex traders. Moneta Markets, with its varied account offerings, appeals to traders who are open to considering larger deposit commitments for reduced trading costs.

Feature IC Markets logoIC Markets
Moneta Markets logoMoneta Markets
Minimum Deposit info $200 $50
Average Spread EUR/USD - Standard info 0.62 info 1.38 info
All-in Cost EUR/USD - Active info 0.62 info 0.79 info
Active Trader or VIP Discounts info Yes No
ACH or SEPA Transfers info No No
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes No
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When comparing IC Markets and Moneta Markets for investment opportunities, both brokers provide traders with a variety of options to broaden their portfolios. IC Markets stands out with its impressive offering of 3,583 tradeable symbols, significantly more than the 1,016 available at Moneta Markets. Forex enthusiasts will find both brokers accommodating, with IC Markets offering 61 tradeable forex pairs and Moneta Markets close behind with 54 pairs. While neither broker allows buying shares directly on U.S. exchanges, IC Markets does provide access to international securities, giving it an edge in global reach.

Both brokers support forex trading via CFDs or spot contracts and offer cryptocurrency derivatives, though neither provides options for purchasing actual cryptocurrencies. Additionally, investors seeking automated strategies will find copy trading features available with both brokers. With a 4.5-star rating, IC Markets slightly surpasses Moneta Markets, which holds a 4-star rating for the range of investments offered. In a broader context, IC Markets ranks 25th out of 62 brokers in this category, with Moneta Markets following at 35th place according to ForexBrokers.com.

Feature IC Markets logoIC Markets
Moneta Markets logoMoneta Markets
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 3583 1016
Forex Pairs (Total) info 61 54
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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.

Trading platforms and tools

When comparing IC Markets and Moneta Markets for their trading platforms and tools, both brokers offer a range of similar features. Each provides the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as Windows-based desktop downloads and web-based browser platforms. Both brokers also allow traders to simulate trading with free virtual demo accounts and support copy trading through platforms like ZuluTrade. Neither offers a proprietary platform nor support for DupliTrade, but users can trade directly from stock charts with both brokers. However, there are differences in the number of drawing tools and watch list columns offered; Moneta Markets provides significantly more drawing tools at 78 compared to IC Markets' 15, while IC Markets allows customization of watch lists with 7 columns, against Moneta Markets' 4.

Despite their similarities, each broker has its strengths, reflected in their rankings and ratings. According to ForexBrokers.com, IC Markets is ranked #17 out of 62 for trading platforms and tools, while Moneta Markets holds the #33 position. Both receive a solid 4-star rating, indicating a reliable but not outstanding experience. With these considerations, traders might find IC Markets slightly more appealing if they prioritize a broader customization of watch lists, whereas those needing extensive charting tools could be better served by Moneta Markets.

Feature IC Markets logoIC Markets
Moneta Markets logoMoneta Markets
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info No No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
DupliTrade info No No
ZuluTrade info Yes Yes
Charting - Indicators / Studies (Total) info 30 105
Charting - Drawing Tools (Total) info 15 78
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 7 4
View More

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

When exploring mobile trading apps, both IC Markets and Moneta Markets provide solid options for traders on the go, available on iPhone and Android devices. Both platforms offer essential features such as price alerts, the capability to draw trendlines on charts, and the ability to view multiple time frames, which are crucial for real-time decision-making. Users can create watchlists with real-time quotes on both apps, but Moneta Markets takes the lead with watchlist symbol syncing, keeping updates consistent between the mobile app and online account.

In terms of functionality, both IC Markets and Moneta Markets equip their mobile apps with 30 technical studies for charting, with IC Markets offering a slight edge in its ranking by ForexBrokers.com, placing 22nd among 62 brokers, compared to Moneta Markets' 35th position. Despite these rankings, both apps maintain a four-star rating for user satisfaction, making them comparably equipped for facilitating mobile trading experiences among their users.

Feature IC Markets logoIC Markets
Moneta Markets logoMoneta Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

IC Markets and Moneta Markets both offer a suite of valuable market research tools for online trading, making them strong contenders in supporting informed decision-making. Both brokers provide daily market commentary and access to forex news from reputable sources like Bloomberg, Reuters, and Dow Jones, ensuring traders are well-equipped with up-to-date information. While they also offer sentiment-based trading tools and comprehensive economic calendars highlighting crucial global news, IC Markets takes a slight edge by incorporating research tools from Autochartist. In contrast, Moneta Markets lacks this feature, although both platforms utilize Trading Central’s technical analytics.

Neither IC Markets nor Moneta Markets includes resources from TipRanks or Acuity Trading in their offerings. Despite this, both brokers boast a commendable 4-star rating for research capabilities. However, there's a difference in rankings, with IC Markets placed at number 22 amongst 62 brokers on ForexBrokers.com, suggesting a slightly more favorable view compared to Moneta Markets, which holds the 32nd position. This contrast in ranking might influence some traders when choosing between these brokers for their research needs.

Feature IC Markets logoIC Markets
Moneta Markets logoMoneta Markets
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info Yes Yes
Social Sentiment - Currency Pairs info Yes Yes
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When it comes to educational resources for beginners, IC Markets and Moneta Markets both provide a solid foundation, offering over 10 resources such as articles, videos, and archived webinars focusing on forex and CFDs. However, IC Markets distinguishes itself by offering monthly live webinars, a searchable archive of recorded sessions, and a comprehensive investor dictionary with definitions for over 50 investing terms, which Moneta Markets does not provide. This emphasis on continuous learning and easily accessible information seems to cater better to those who appreciate structured, ongoing education as part of their trading journey.

Both platforms deliver a strong selection of educational videos for beginners and advanced traders alike, ensuring that learning is accessible at every level. Rated four stars each for education, IC Markets edges out Moneta Markets due to its additional features, reflected in its higher education ranking of 16 compared to Moneta’s 33 out of 62 brokers by ForexBrokers.com. This suggests that while both brokers offer effective educational content, IC Markets may present that little extra edge for those keen on leveraging a comprehensive education earlier in their trading career.

Feature IC Markets logoIC Markets
Moneta Markets logoMoneta Markets
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 62 of the best forex brokers, our research and account testing finds that IC Markets is better than Moneta Markets. IC Markets finished with an overall rank of #20, while Moneta Markets finished with an overall rank of #35.

IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders.

Feature IC Markets logoIC Markets
Moneta Markets logoMoneta Markets
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 84 72
Range of Investments 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with IC Markets or Moneta Markets?

IC Markets and Moneta Markets both offer the ability to buy cryptocurrency derivatives, although neither allows the purchase of actual delivered cryptocurrency.

What funding options does each broker offer?

IC Markets and Moneta Markets both offer Visa/Mastercard and bank wire options for deposits or withdrawals, but IC Markets further distinguishes itself by providing PayPal and Skrill, options not available through Moneta Markets, while neither broker supports ACH or SEPA transfers.




announcementPlease 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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Compare

0 of 5
Overall Rating IC Markets Moneta Markets
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4.5/5 Stars
Range of Investments 4.5/5 Stars 4/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 84 72
Winner check_circle
Review IC Markets Review Moneta Markets Review
Broker Screenshots IC Markets Moneta Markets
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation IC Markets Moneta Markets
Trust Score info 84 72
Year Founded info 2007 2009
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 2 1
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 3 1
Tier-1 Licenses (Highly Trusted) IC Markets Moneta Markets
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info No No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses (Trusted) IC Markets Moneta Markets
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA/Central Bank Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments IC Markets Moneta Markets
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 3583 1016
Forex Pairs (Total) info 61 54
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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 IC Markets Moneta Markets
Average Spread EUR/USD - Standard info 0.62 info 1.38 info
All-in Cost EUR/USD - Active info 0.62 info 0.79 info
Active Trader or VIP Discounts info Yes No
Inactivity Fee info No No
Execution: Agency Broker info Yes No
Execution: Market Maker info Yes Yes
Funding IC Markets Moneta Markets
Minimum Deposit info $200 $50
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes No
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No No
Trading Platforms IC Markets Moneta Markets
Proprietary Platform info No No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info Yes No
DupliTrade info No No
ZuluTrade info Yes Yes
Trading Tools IC Markets Moneta Markets
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 4
Charting - Indicators / Studies (Total) info 30 105
Charting - Drawing Tools (Total) info 15 78
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading IC Markets Moneta Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes Yes
Research IC Markets Moneta Markets
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info Yes Yes
TipRanks info No No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education IC Markets Moneta Markets
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes No
Major Forex Pairs IC Markets Moneta Markets
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review IC Markets Review Moneta Markets Review
Overall IC Markets Moneta Markets
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4.5/5 Stars
Range of Investments 4.5/5 Stars 4/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 84 72
Winner check_circle
Review IC Markets Review Moneta Markets Review
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