Written by ForexBrokers.com
In this head to head comparison of Interactive Brokers vs Moneta Markets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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When comparing the regulatory credentials and trust scores of Interactive Brokers and Moneta Markets, several key differences emerge. Interactive Brokers, established in 1977, is a publicly traded firm with an impressive nine Tier-1 licenses, placing it in the highly trusted category with a perfect Trust Score of 99 according to ForexBrokers.com. This indicates a strong global regulatory standing and provides customers with a high level of confidence. In contrast, Moneta Markets, which started in 2009, is not publicly traded and holds only one Tier-1 license. Their Trust Score stands at 72, suggesting an average risk level and indicating fewer regulatory protections compared to their counterpart.
Neither Interactive Brokers nor Moneta Markets operate as banks, but their financial infrastructures differ significantly. Interactive Brokers, due to its extensive regulatory coverage and public listing, tends to offer customers a well-regulated platform that aligns with high trust and security standards. On the other hand, Moneta Markets, while maintaining a presence with one Tier-2 license, suggests a more moderate level of trust. This comparison underscores the importance for potential investors to consider each broker's regulatory strengths and market experience, reflecting Interactive Brokers' long-standing history and higher trust classification versus Moneta Markets' more recent establishment and moderate regulatory footprint.
| Feature |
Interactive Brokers
|
Moneta Markets
|
|---|---|---|
| Year Founded | 1977 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 9 | 1 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Interactive Brokers stands out with a strong reputation for its competitive pricing. While it doesn't disclose average forex spreads upfront, in Q3 2024, the average spread for EUR/USD at Interactive Brokers was 0.19 pips, resulting in an all-in spread of 0.59 pips after adding low commissions. For forex, commissions begin at 0.2 basis points of the trade value, with a minimum of $2 per order, making it an attractive option for active traders who can benefit from volume discounts, reducing costs further. Interactive Brokers aggregates forex prices from major dealers instead of marking up spreads and has a commission range from $16 to $40 per million round turn. This broker is rated 5 stars for commissions and fees by ForexBrokers.com, where it ranks #2 out of 62 brokers.
Moneta Markets offers varied trading costs based on three different account types. Its commission-free Direct STP account features an average spread of 1.38 pips for EUR/USD, which is higher compared to its Prime ECN account. The Prime ECN account offers a tighter average spread of 0.194 pips for EUR/USD, alongside a commission of $3 per side for each 100,000 units traded, culminating in an all-in cost of 0.79 pips. The Ultra ECN account, requiring a $20,000 deposit, offers even tighter spreads and a lower commission fee of $2 per round trip, but overall, Moneta Markets struggles to compete with the leading brokers in terms of pricing. Moneta Markets earns a 4.5-star rating from ForexBrokers.com, ranking #16 out of 62.
In conclusion, while both Interactive Brokers and Moneta Markets offer competitive pricing structures, their offerings cater to different trading needs and strategies. Interactive Brokers is particularly suited for high-volume traders seeking low commissions and access to a variety of price feeds. Meanwhile, Moneta Markets provides different account types suitable for a range of deposit amounts and trading preferences, but it falls short of leading brokers in cost competitiveness. Both brokers provide notable services, with their distinctive features reflected in their star ratings and rankings by ForexBrokers.com.
| Feature |
Interactive Brokers
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | 0.59 | 1.38 |
| All-in Cost EUR/USD - Active | 0.59 | 0.79 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investment offerings, Interactive Brokers stands out with a wide array of options including forex trading both as CFDs and spot contracts. It boasts an impressive 8,500 tradeable symbols alongside access to 90 forex pairs. Investors can also directly purchase exchange traded securities on both U.S. and international exchanges, allowing them to buy shares in companies like Apple and Vodafone. Interactive Brokers also provides the ability to buy actual cryptocurrencies, in addition to cryptocurrency derivatives, giving investors more flexibility in their crypto investments. It is no surprise that Interactive Brokers earns a stellar 5-star rating for its range of investments and holds the top-ranking position among 62 brokers reviewed by ForexBrokers.com.
In contrast, Moneta Markets offers a solid suite of trading opportunities but with less variety when compared to Interactive Brokers. It provides 1,016 tradeable symbols and supports forex trading as a CFD with 54 forex pairs available. While Moneta Markets does not offer direct purchases of exchange traded securities on U.S. or international exchanges, it does offer copy trading services, which can be appealing to users who favor this feature. Investors can engage in cryptocurrency derivatives but can't buy actual cryptocurrencies through Moneta Markets. With a 4-star rating and ranked 35th out of 62 brokers for its range of investments by ForexBrokers.com, Moneta Markets remains a reliable option for those who prioritize copy trading within a focused suite of offerings.
| Feature |
Interactive Brokers
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8500 | 1016 |
| Forex Pairs (Total) | 90 | 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) | Yes | 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.
Interactive Brokers and Moneta Markets offer traders varied choices with their trading platforms and tools. Both brokers provide users the chance to explore trading strategies with free virtual demo accounts. Interactive Brokers stands out with its proprietary platform, delivering a comprehensive toolset including a Windows-based desktop application and a web-based trading platform. It excels with a stunning 659 columns available for watch lists and offers trading directly from stock charts, along with 85 drawing tools for detailed chart analysis. Moneta Markets, while not offering a proprietary platform, provides popular alternatives like MetaTrader 4 and MetaTrader 5 and supports features such as copy trading and ZuluTrade for traders interested in mirroring successful strategies.
For traders evaluating these platforms, Moneta Markets offers a more tailored experience with copy and social trading options, supported by a wide array of technical indicators. However, Interactive Brokers is rated higher for its trading platforms and tools, earning a perfect 5-star rating, compared to Moneta Markets' 4 stars. This higher rating is reflected in its strong ranking of third out of 62 brokers on ForexBrokers.com, as opposed to 33rd for Moneta Markets. The wide range of customization options and advanced features make Interactive Brokers a top choice for those seeking a comprehensive and powerful trading platform. However, Moneta Markets provides solid options for traders prioritizing ease of use and social trading functionalities.
| Feature |
Interactive Brokers
|
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) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 155 | 105 |
| Charting - Drawing Tools (Total) | 85 | 78 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 659 | 4 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Interactive Brokers and Moneta Markets offer iPhone and Android apps for seamless trading on the go, alongside essential features like stock and forex price alerts and synchronized watchlists. They allow users to draw trendlines and view different time frames on charts. However, when it comes to technical analysis tools, Interactive Brokers stands out with 97 technical studies, significantly more than Moneta Markets' 30 studies. While Moneta Markets has the advantage of auto-saving chart drawings, Interactive Brokers does not include this feature in its app.
Regarding user experience, both apps enable the creation of watchlists featuring real-time quotes, though they differ in user ratings and rankings. Interactive Brokers leads with a 5-star rating and secures the #4 spot out of 62 brokers in ForexBrokers.com's Mobile Trading Apps category. In contrast, Moneta Markets holds a respectable 4-star rating but ranks at #35. Therefore, for traders valuing comprehensive charting tools and high industry rankings, Interactive Brokers' app may be the favorable choice, while Moneta Markets appeals to those prioritizing features like auto-saving drawings.
| Feature |
Interactive Brokers
|
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 | 97 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, both Interactive Brokers and Moneta Markets provide some solid offerings. Each platform offers daily market commentary and access to forex news from reputable sources like Bloomberg and Reuters. They both integrate Trading Central for technical analysis, and deliver sentiment-based trading tools to help investors gauge market trends. Furthermore, both brokers maintain an economic calendar to keep traders updated on important global events, ensuring a well-rounded approach to market awareness.
Despite these similarities, there are notable differences that set these brokers apart. Interactive Brokers offers additional research tools, such as market insights from TipRanks and resources from Acuity Trading like the Signal Centre, which Moneta Markets does not provide. Consequently, Interactive Brokers stands out with a 5-star research rating and ranks 3rd out of 62 brokers in the Research category according to ForexBrokers.com, while Moneta Markets, with a 4-star rating, ranks 32nd. This distinction highlights Interactive Brokers as a superior choice for those prioritizing in-depth market analysis and research capabilities.
| Feature |
Interactive Brokers
|
Moneta Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | 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 it comes to educational resources for beginners, Interactive Brokers stands out compared to Moneta Markets. Both platforms offer a solid range of materials on forex and CFDs for those starting out, with over ten educational pieces available, including articles, videos, and webinars. However, Interactive Brokers takes it a step further by providing online educational webinars every month and maintains an archive of these sessions, making it easier for clients to access content at their convenience. Moneta Markets, on the other hand, does not offer regular educational webinars or a searchable archive, which may limit learning opportunities for beginners wanting to revisit past topics.
Both Interactive Brokers and Moneta Markets offer a variety of beginner and advanced educational videos, but Interactive Brokers enhances the learning experience with an investor dictionary featuring more than 50 investing terms, a resource Moneta Markets lacks. When rated for education, Interactive Brokers receives a perfect score of five stars, securing the third rank among 62 brokers on ForexBrokers.com. Meanwhile, Moneta Markets earns four stars and ranks thirty-third, highlighting a noticeable difference in the educational offerings and resources each platform provides. This makes Interactive Brokers more appealing to those who are eager to learn and expand their understanding of trading fundamentals.
| Feature |
Interactive Brokers
|
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 Interactive Brokers is better than Moneta Markets. Interactive Brokers finished with an overall rank of #2, while Moneta Markets finished with an overall rank of #35.
Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets. It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite.
| Feature |
Interactive Brokers
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Moneta Markets
|
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| Trust Score | 99 | 72 |
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Interactive Brokers allows users to purchase actual cryptocurrency and also offers cryptocurrency derivatives, whereas Moneta Markets only provides access to cryptocurrency derivatives without the option to buy the actual digital assets.
Interactive Brokers provides ACH or SEPA transfers and bank wires for fund transactions, while Moneta Markets offers the convenience of Visa or Mastercard, but neither 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 | Interactive Brokers | Moneta Markets | |
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| Trust Score | 99 | 72 | |
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| Review | Interactive Brokers Review | Moneta Markets Review |
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| Regulation | Interactive Brokers | Moneta Markets | |
|---|---|---|---|
| Trust Score | 99 | 72 | |
| Year Founded | 1977 | 2009 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 9 | 1 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Interactive Brokers | Moneta Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | Yes | 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) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Interactive Brokers | Moneta Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | Yes | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Interactive Brokers | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8500 | 1016 | |
| Forex Pairs (Total) | 90 | 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) | Yes | 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 | Interactive Brokers | Moneta Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.59 | 1.38 | |
| All-in Cost EUR/USD - Active | 0.59 | 0.79 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | No | Yes |
| Funding | Interactive Brokers | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Interactive Brokers | Moneta Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Interactive Brokers | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 659 | 4 | |
| Charting - Indicators / Studies (Total) | 155 | 105 | |
| Charting - Drawing Tools (Total) | 85 | 78 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Interactive Brokers | 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 | 97 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Interactive Brokers | Moneta Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Interactive Brokers | 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 | Interactive Brokers | 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 | Interactive Brokers Review | Moneta Markets Review |
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| Trust Score | 99 | 72 | |
| Winner | check_circle | ||
| Review | Interactive Brokers Review | Moneta Markets Review |
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