Written by ForexBrokers.com
In this head to head comparison of IG 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.
When comparing online brokers IG and Moneta Markets, there are notable differences in their establishment years and regulatory structures. Founded in 1974, IG has a long-standing presence in the financial market and is a publicly traded company. In contrast, Moneta Markets, founded in 2009, remains a private entity. A significant distinction is IG's status as a bank, which provides an added layer of credibility compared to Moneta Markets, which does not have banking status.
Regulation-wise, IG stands out with eight highly trusted Tier-1 licenses, contributing to its excellent Trust Score of 99 according to ForexBrokers.com. Moneta Markets has one Tier-1 license, indicating a considerably lower Trust Score of 72, categorized as average risk. Additionally, IG holds two Tier-2 licenses compared to Moneta Markets' single Tier-2 license, further emphasizing IG's robust regulatory position. These factors make IG a more trusted choice for traders seeking heightened security and stability.
| Feature |
IG
|
Moneta Markets
|
|---|---|---|
| Year Founded | 1974 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 8 | 1 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
IG and Moneta Markets offer varied trading experiences, each aligning with different trader needs, especially when it comes to commissions and fees. IG, given its scale, provides diverse execution methods alongside impressive active trader pricing, particularly through its Forex Direct accounts. Its spreads, averaging 0.62 pips for the EUR/USD pair as of July 2023, demonstrate competitiveness within the market. The overall cost including commission for IG is approximately 0.82 pips. Moreover, IG's active trader rebate program offers substantial discounts, reducing the spread to a competitive 0.60 pips for top-tier traders. IG earns a solid 5-star rating and ranks #8 out of 62 brokers in the Commissions and Fees category according to ForexBrokers.com.
On the other hand, Moneta Markets tailors its offerings to its three account options: Moneta Prime ECN, Ultra ECN, and Direct STP accounts. For those preferring commission-free trading, the Direct STP account’s higher spreads average at 1.38 pips for the EUR/USD as of August 2023. If lower spreads are preferred, the Prime ECN account offers an average spread of 0.194 pips paired with a $6 commission per standard lot round-trip, resulting in an all-in cost of approximately 0.79 pips. For those able to deposit $20,000, the Ultra ECN account provides the lowest commission of $2 per round-trip lot, standing well below the industry average. Moneta Markets receives a commendable 4.5-star rating and ranks #16 in the same category.
Both IG and Moneta Markets bring distinct advantages to traders. For those seeking a more extensive structure with potential rebates and premium trader perks, IG stands out, especially for active traders. However, traders preferring straightforward accounts with lower initial requirements may find Moneta Markets a suitable alternative. Ultimately, each platform promises a competitive avenue for forex trading, with IG securing a higher market position and Moneta Markets providing a modest yet appealing option.
| Feature |
IG
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | £250.00 | $50 |
| Average Spread EUR/USD - Standard | 0.98 | 1.38 |
| All-in Cost EUR/USD - Active | 0.82 | 0.79 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | 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 IG and Moneta Markets, both platforms support forex trading through CFDs or spot contracts, but they differ significantly in the breadth of assets offered. IG stands out with an impressive 19,537 tradeable symbols and 97 forex pairs, offering a vast selection for those keen on diverse market exposure. In contrast, Moneta Markets offers 1,016 tradeable symbols and 54 forex pairs, providing a more focused selection. While IG also allows investment in exchange-traded securities on both U.S. and international exchanges, Moneta Markets does not offer these options, potentially limiting investors looking to buy stocks like Apple or Vodafone directly.
Both brokers provide access to cryptocurrency derivatives, although neither allows the purchase of actual cryptocurrencies. A unique feature of Moneta Markets is its support for copy trading, appealing to those interested in mimicking successful trades. In terms of accolades, IG is highly acclaimed with a 5-star rating for its range of investments and a commendable 4th place ranking out of 62 brokers by ForexBrokers.com. Moneta Markets trails with a 4-star rating and a 35th place ranking, making IG a stronger choice for those prioritizing a wider array of investment opportunities.
| Feature |
IG
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 19537 | 1016 |
| Forex Pairs (Total) | 97 | 54 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | 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 the trading platforms and tools of IG and Moneta Markets, both brokers offer a virtual demo account that allows users to practice trading without risking real money. IG stands out with its proprietary trading platform developed in-house, whereas Moneta Markets does not have a proprietary platform. Both brokers cater to traders who prefer using Windows-based desktop and web-based platforms. However, IG does not support copy trading, while Moneta Markets offers copy trading and access to ZuluTrade, broadening trading opportunities for its users. Additionally, while both brokers provide MetaTrader 4 (MT4), Moneta Markets extends its offerings with MetaTrader 5 (MT5).
Charting options reveal disparities between the two brokers, with Moneta Markets offering a substantial 78 drawing tools compared to IG's 20, though both allow trading directly from stock charts. For watch list customization, IG provides five columns, slightly surpassing Moneta Markets' four. Highlighting their strengths, IG's platforms and tools earn a 5-star rating and are ranked #2 out of 62 brokers by ForexBrokers.com, whereas Moneta Markets is rated 4 stars, placed at #33. This reflects the advanced toolset and strong user experience IG offers compared to its counterpart.
| Feature |
IG
|
Moneta Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 33 | 105 |
| Charting - Drawing Tools (Total) | 20 | 78 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 5 | 4 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of IG and Moneta Markets, both offer comprehensive features for iPhone and Android users. Each provides crucial tools such as stock and forex price alerts, watchlist symbol syncing, and the ability to draw trendlines on charts. Additionally, both platforms allow users to view charts across multiple time frames and automatically save drawings, enhancing the trading experience for users on the go. Traders can create watchlists with real-time quotes on both platforms, ensuring they are always updated with the latest market information.
In terms of technical studies available in the app, IG slightly edges out with 33 studies compared to Moneta Markets' 30. This offers IG users a bit more flexibility in customizing their charting experience. Overall, IG's mobile app earns a top rating of 5 stars and is ranked #1 out of 62 brokers by ForexBrokers.com for its mobile trading capabilities. Meanwhile, Moneta Markets, though still a strong contender with a 4-star rating, comes in at #35, reflecting a competitive but slightly less distinguished offering in the mobile trading app space.
| Feature |
IG
|
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 | 33 | 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 IG and Moneta Markets offer valuable features for market research; however, some distinctions set them apart. Both platforms provide daily market commentary and forex news from top sources like Bloomberg and Reuters. While IG incorporates tools from Autochartist for technical and fundamental analysis, Moneta Markets does not; instead, it offers resources from Trading Central. Additionally, IG stands out with market research from TipRanks and tools from Acuity Trading, whereas Moneta Markets does not offer these. Both brokers include sentiment-based trading tools and provide economic calendars for tracking global news events.
When it comes to research ratings, IG shines with a perfect 5-star rating, ranking as the second best among 62 brokers on ForexBrokers.com. Moneta Markets, while slightly lower, earns a respectable 4-star rating and holds the 32nd spot. These ratings reflect IG's comprehensive research offerings compared to Moneta Markets. For traders seeking extensive research resources and top-tier features, IG presents a more robust option, whereas Moneta Markets remains a strong contender for those prioritizing essential research tools.
| Feature |
IG
|
Moneta Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available to beginners at IG and Moneta Markets, IG stands out as a superior choice. Both brokers offer a wide array of educational materials, including over 10 articles, videos, and webinars focused on forex and CFDs. However, IG goes a step further by hosting monthly webinars and providing access to an archive of recorded sessions, features absent from Moneta Markets. Additionally, both brokers supply ample beginner and advanced educational videos, but IG also offers an investor dictionary with over 50 investing terms, enhancing the learning experience for novices.
IG consistently receives top marks for its educational offerings, achieving a five-star rating for education and securing the #1 rank among 62 brokers. Meanwhile, Moneta Markets, despite having a solid educational platform, falls slightly behind with a four-star rating and a #33 rank. For beginners seeking comprehensive learning tools to develop their trading skills, IG presents itself as a leading option, thanks to its extensive resources and supportive learning environment.
| Feature |
IG
|
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 IG is better than Moneta Markets. IG finished with an overall rank of #1, while Moneta Markets finished with an overall rank of #35.
IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets.
| Feature |
IG
|
Moneta Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 72 |
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Both IG and Moneta Markets do not provide options for purchasing actual delivered cryptocurrency; however, they each offer the ability to trade in cryptocurrency derivatives.
IG outshines Moneta Markets in terms of fund transfers by supporting ACH, SEPA, and PayPal options, whereas Moneta Markets does not, although both brokers offer Visa, Mastercard, and bank wire transfers, with neither supporting Skrill for deposits or withdrawals.
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 | IG | Moneta Markets | |
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| Trust Score | 99 | 72 | |
| Winner | check_circle | ||
| Review | IG Review | Moneta Markets Review |
| Broker Screenshots | IG | Moneta Markets | |
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| Regulation | IG | Moneta Markets | |
|---|---|---|---|
| Trust Score | 99 | 72 | |
| Year Founded | 1974 | 2009 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 8 | 1 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | IG | Moneta Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | IG | Moneta Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | IG | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 19537 | 1016 | |
| Forex Pairs (Total) | 97 | 54 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | 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 | IG | Moneta Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.98 | 1.38 | |
| All-in Cost EUR/USD - Active | 0.82 | 0.79 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | IG | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | £250.00 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | IG | Moneta Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | IG | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 5 | 4 | |
| Charting - Indicators / Studies (Total) | 33 | 105 | |
| Charting - Drawing Tools (Total) | 20 | 78 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IG | 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 | 33 | 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 | IG | Moneta Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | IG | 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 | IG | 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 | IG Review | Moneta Markets Review |
| Overall | IG | Moneta Markets | |
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| Trust Score | 99 | 72 | |
| Winner | check_circle | ||
| Review | IG Review | Moneta Markets Review |
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