Written by ForexBrokers.com
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.
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.
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
|
Moneta Markets
|
|---|---|---|
| Year Founded | 2007 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
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
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | $200 | $50 |
| Average Spread EUR/USD - Standard | 0.62 | 1.38 |
| All-in Cost EUR/USD - Active | 0.62 | 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.
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
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3583 | 1016 |
| Forex Pairs (Total) | 61 | 54 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | 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 IC Markets and Moneta Markets, both brokers offer competitive trading platforms and tools that cater to a variety of traders. Both platforms provide simulated (paper) trading through free virtual demo accounts, allowing users to practice without real financial risk. They do not have proprietary platforms, but both offer popular platforms like MetaTrader 4 and MetaTrader 5. Additionally, they feature Windows-based desktop and web-based trading platforms, ensuring traders can access their services conveniently. For those interested in copy trading, both brokers support this feature, with ZuluTrade available as an option on both platforms. A slight distinction lies in the tools offered for charting, where IC Markets provides 15 drawing tools compared to Moneta Markets' impressive 78. Both platforms allow trading directly from stock charts, enhancing user experience and functionality.
Further differences appear in watchlist capabilities, where IC Markets offers 7 columns or fields compared to Moneta Markets' 4. Despite these variations, both brokers receive solid ratings, with each earning 4 stars for their trading platforms and tools. Ranked by ForexBrokers.com, IC Markets holds the #16 position out of 62 brokers, while Moneta Markets is ranked #33. This evaluation speaks to their competitive offerings, although users seeking a wider range of charting tools might prefer Moneta Markets. Overall, both brokers provide a comprehensive suite of platforms and tools, adequately supporting various trading styles and preferences.
| Feature |
IC Markets
|
Moneta Markets
|
|---|---|---|
| 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) | 30 | 105 |
| Charting - Drawing Tools (Total) | 15 | 78 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 4 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
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
|
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 | 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.
Both IC Markets and Moneta Markets provide valuable resources for market research, offering daily market commentary and forex news from renowned sources such as Bloomberg and Reuters. They also provide technical analysis tools, with IC Markets enhancing their offerings through the Autochartist tool, which Moneta Markets lacks. However, both brokers utilize Trading Central's analytics tools to support their clients in making informed trading decisions. Additionally, traders can benefit from sentiment-based trading tools and economic calendars available at both brokers, allowing users to keep up with global economic events.
While both brokers are similarly equipped with essential research tools and have been rated four out of five stars for research, there are subtle differences in the resources they provide. IC Markets has a slight edge, evidenced by their higher rank of 23rd among 62 brokers for research on ForexBrokers.com, while Moneta Markets ranks 32nd. These rankings highlight the competitive research environment among online brokers, with IC Markets marginally outpacing Moneta Markets in providing comprehensive market insights.
| Feature |
IC 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, 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
|
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 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
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Moneta Markets
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|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 72 |
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IC Markets and Moneta Markets both offer the ability to buy cryptocurrency derivatives, although neither allows the purchase of actual delivered cryptocurrency.
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.
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 | IC Markets | Moneta Markets | |
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| Trust Score | 84 | 72 | |
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| Review | IC Markets Review | Moneta Markets Review |
| Broker Screenshots | IC Markets | Moneta Markets | |
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| Regulation | IC Markets | Moneta Markets | |
|---|---|---|---|
| Trust Score | 84 | 72 | |
| Year Founded | 2007 | 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 | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | IC 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) | IC Markets | Moneta Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | IC Markets | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3583 | 1016 | |
| Forex Pairs (Total) | 61 | 54 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | IC Markets | Moneta Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.62 | 1.38 | |
| All-in Cost EUR/USD - Active | 0.62 | 0.79 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | IC Markets | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | $200 | $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 | IC Markets | Moneta Markets | |
|---|---|---|---|
| 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | Yes |
| Trading Tools | IC 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) | 15 | 78 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IC 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 | 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 | IC 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 | IC 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 | IC 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 | IC Markets Review | Moneta Markets Review |
| Overall | IC Markets | Moneta Markets | |
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| Trust Score | 84 | 72 | |
| Winner | check_circle | ||
| Review | IC Markets Review | Moneta Markets Review |
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