Written by ForexBrokers.com
In this head to head comparison of Moneta Markets vs iFOREX, 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, established in 2009, and iFOREX, operating since 1996, are both online brokers that are not publicly listed or recognized as banks. Moneta Markets secures a Tier-1 license, distinguishing it as a highly trusted entity, and holds an additional Tier-2 license. Meanwhile, iFOREX also boasts a Tier-1 license but does not have any Tier-2 licenses.
As for their credibility ratings, Moneta Markets has a Trust Score of 72 from ForexBrokers.com, marking it as average risk. On the other hand, iFOREX holds a slightly higher Trust Score of 75, hinting at a similar average risk level. Both brokers provide a sense of confidence with their Tier-1 licensing, although Moneta Markets may offer slightly more reassurance with an extra Tier-2 license to its name.
| Feature |
Moneta Markets
|
iFOREX
|
|---|---|---|
| Year Founded | 2009 | 1996 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing Moneta Markets and iFOREX in terms of their commissions and fees, Moneta Markets offers more versatile account options. Moneta Markets allows traders to choose from three accounts: the commission-free Direct STP account, and the commission-based Moneta Prime ECN and Ultra ECN accounts. The Direct STP account offers commission-free trading but with higher spreads, while the Prime ECN account delivers more competitive spreads at a cost of $3 per side for every 100,000 units. For those able to deposit $20,000, the Ultra ECN account provides even lower commissions at $2 per round-trip lot.
iFOREX, on the other hand, does not provide detailed average spread information, making it difficult for traders to predict their potential costs accurately. This lack of transparency places iFOREX at a disadvantage compared to Moneta Markets, which clearly outlines its trading expenses, enabling traders to make more informed decisions. Moneta Markets has a 4.5-star rating for commissions and fees, while iFOREX holds a 3-star rating.
In rankings, Moneta Markets stands at #16 out of 62 brokers for its commissions and fees, thanks to its flexible options and clear pricing structure. iFOREX falls behind at #60, primarily due to its less comprehensive disclosure of trading costs. This positions Moneta Markets as a more favorable option for traders who prioritize cost-efficiency and transparency in their trading activities.
| Feature |
Moneta Markets
|
iFOREX
|
|---|---|---|
| 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 | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When exploring online brokers for investment opportunities, Moneta Markets and iFOREX both offer forex trading as CFDs, allowing traders to engage in this popular market. While Moneta Markets provides a wider selection with 1,016 tradeable symbols, iFOREX offers 750 symbols. However, when it comes to forex pairs, iFOREX leads with 88 options compared to Moneta Markets’ 54. Neither broker supports direct purchases of exchange-traded securities on U.S. or international exchanges, such as Apple or Vodafone shares, focusing their offerings on CFD trading instead.
For those interested in cryptocurrency trading, both brokers offer access to cryptocurrency derivatives rather than actual coins. What sets Moneta Markets apart is its copy trading feature, a tool that iFOREX does not provide. This feature allows traders to replicate strategies of successful investors. Based on the Range of Investments category, Moneta Markets receives a rating of four out of five stars, ranking #35 out of 62 brokers, while iFOREX holds a slightly lower rating at 3.5 stars, placing it at #41. Both brokers offer diversified investment opportunities, with unique features catering to different trading preferences.
| Feature |
Moneta Markets
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 750 |
| Forex Pairs (Total) | 54 | 88 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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 evaluating the trading platforms and tools offered by Moneta Markets and iFOREX, there are notable differences and similarities that cater to various trading preferences. Moneta Markets provides a comprehensive array of options, including both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are highly popular among traders for their advanced features and reliability. Additionally, Moneta Markets offers a Windows-based desktop platform, a browser-based platform, and popular copy trading through ZuluTrade, along with a free virtual demo account for simulated trading. This is advantageous for traders looking to practice or refine their strategies without risking real money. In terms of charting tools, Moneta Markets stands out with 78 drawing tools, allowing for detailed analysis, and supports trading directly from stock charts. However, the watch list feature includes only four columns.
In contrast, iFOREX offers a proprietary platform, ensuring a unique trading experience designed in-house, which might appeal to traders seeking a tailored interface. While lacking support for MT4 and MT5, iFOREX provides a web-based trading platform and allows trading directly from stock charts as well. With nine watch list columns, iFOREX offers more options in this area but does not offer simulated trading or copy trading features like Moneta Markets. For charting tools, iFOREX provides 25 drawing tools, which may be sufficient for traders with basic charting needs. Despite both brokers receiving a 4-star rating for their trading platforms and tools, Moneta Markets is ranked higher than iFOREX by ForexBrokers.com, at 33 out of 62 brokers compared to iFOREX's ranking of 54.
| Feature |
Moneta Markets
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 105 | 57 |
| Charting - Drawing Tools (Total) | 78 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 4 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When choosing between Moneta Markets and iFOREX for mobile trading, both brokers provide apps for iPhone and Android users. Moneta Markets stands out with several features that cater to traders looking for more flexibility and customization. Traders can benefit from price alerts, allowing them to stay informed of market movements. Watchlist syncing is another advantage, ensuring that users' preferences and changes are consistent across both mobile and desktop platforms. The app offers rich charting tools with 30 technical studies, the ability to draw trendlines, and auto-saving of chart drawings. Additionally, traders can effortlessly view various time frames such as daily, weekly, or intraday.
In contrast, while iFOREX also offers mobile apps for both major platforms, it lacks certain features. There are no stock or forex price alerts, and changes to watchlists on the mobile app do not sync with the online account. Charting is limited without technical studies and lacks the functionality to draw trendlines or save drawings. Time frame options and real-time watchlists are also absent. Despite these limitations, both Moneta Markets and iFOREX earn a solid four-star rating for their mobile trading apps. However, Moneta Markets takes a higher position, ranked 35th out of 62 brokers for mobile trading apps by ForexBrokers.com, while iFOREX comes in at 55th.
| Feature |
Moneta Markets
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When it comes to market research offerings, both Moneta Markets and iFOREX provide valuable tools for traders. Moneta Markets distinguishes itself by delivering daily market commentary and access to forex news from leading platforms like Bloomberg and Reuters. While iFOREX also offers daily market commentary, it lacks the comprehensive news coverage from top-tier sources that Moneta Markets provides. Additionally, both brokers equip traders with tools from Trading Central and feature sentiment-based trading tools, enhancing the decision-making process for their clients.
Both Moneta Markets and iFOREX offer economic calendars detailing current and upcoming global news, assisting traders in staying informed about potential market shifts. Despite these similarities, Moneta Markets holds a slight edge with a research rating of 4 stars compared to iFOREX's 3.5 stars. As per ForexBrokers.com rankings, Moneta Markets holds the 32nd position out of 62 brokers for research offerings, while iFOREX trails behind at 48th. This ranking indicates Moneta Markets’ stronger emphasis on providing traders with essential data and insights necessary for informed trading decisions.
| Feature |
Moneta Markets
|
iFOREX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | 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 comparing educational resources for beginners, Moneta Markets stands out with a strong focus on forex and CFDs education. The platform provides more than 10 educational pieces, including articles, videos, and other resources specifically about forex and CFDs. Additionally, Moneta Markets offers a wealth of beginner trading videos, as well as advanced ones, making it ideal for both new and experienced traders. Though the platform lacks monthly webinars or a comprehensive investor dictionary, its wide array of educational content earns it a commendable 4-star rating for education from ForexBrokers.com and ranks it at #33 out of 62 brokers.
On the other hand, iFOREX also supports beginner traders with at least 10 educational videos, but it falls short in offering advanced educational videos targeted at seasoned traders. Unlike Moneta Markets, iFOREX does not meet the minimum requirement for forex and CFDs educational content. Furthermore, iFOREX lacks monthly webinars and a searchable archive of recorded sessions, as well as an investor dictionary. This limits their overall educational support, which is reflected in their 3.5-star education rating and a rank of #53 out of 62 brokers by ForexBrokers.com. Overall, while both platforms cater to beginners, Moneta Markets provides a more comprehensive educational experience.
| Feature |
Moneta Markets
|
iFOREX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | No |
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 iFOREX. Moneta Markets finished with an overall rank of #35, while iFOREX finished with an overall rank of #52.
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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iFOREX
|
|---|---|---|
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| Trust Score | 72 | 75 |
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Both Moneta Markets and iFOREX do not offer the ability to buy actual (delivered) cryptocurrencies, but they both provide options to trade cryptocurrency derivatives.
When comparing online brokers Moneta Markets and iFOREX, it is notable that neither offers ACH or SEPA transfers for deposits or withdrawals, however, iFOREX provides more flexible payment options by accepting PayPal and Skrill, unlike Moneta Markets, while both brokers support Visa, Mastercard, and bank wire 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 | iFOREX | |
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| Trust Score | 72 | 75 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
| Broker Screenshots | Moneta Markets | iFOREX | |
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| Regulation | Moneta Markets | iFOREX | |
|---|---|---|---|
| Trust Score | 72 | 75 | |
| Year Founded | 2009 | 1996 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Moneta Markets | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1016 | 750 | |
| Forex Pairs (Total) | 54 | 88 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $50 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| 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 | iFOREX | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | Moneta Markets | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 4 | 9 | |
| Charting - Indicators / Studies (Total) | 105 | 57 | |
| Charting - Drawing Tools (Total) | 78 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Moneta Markets | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | Moneta Markets | iFOREX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Moneta Markets | iFOREX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | Moneta Markets | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
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| Trust Score | 72 | 75 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
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