Written by ForexBrokers.com
In this head to head comparison of Moneta Markets vs IronFX, 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 IronFX, founded in 2010, are both online brokers not listed on the stock exchange and neither operates as a bank. When it comes to regulatory standing, Moneta Markets holds one Tier-1 license and one Tier-2 license, while IronFX boasts three Tier-1 licenses. Moneta Markets has a Trust Score rating of 72 from ForexBrokers.com, indicating an average risk, whereas IronFX scores an 83, which is considered trusted.
For individuals interested in trading with a focus on regulation and trustworthiness, the significant difference in Tier-1 licenses and Trust Scores between Moneta Markets and IronFX may influence decision-making. IronFX, with its multiple Tier-1 licenses and higher Trust Score, appears to be trusted more according to ForexBrokers.com metrics.
| Feature |
Moneta Markets
|
IronFX
|
|---|---|---|
| Year Founded | 2009 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 3 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing Moneta Markets and IronFX on commissions and fees, Moneta Markets stands out with multiple account options catering to different trading preferences. The commission-free Direct STP account has higher spreads, averaging 1.38 pips for the EUR/USD pair. However, traders seeking lower spread costs may find the Prime ECN account appealing, which boasts an average spread of 0.194 pips plus a commission of $3 per side for every 100,000 units traded. For those with larger deposits, the Ultra ECN account offers even tighter spreads and a lower commission at $2 per round-turn lot, although it requires a $20,000 deposit. Moneta Markets earns a solid 4.5-star rating and ranks 16th in the Commissions and Fees category out of 62 brokers reviewed by ForexBrokers.com.
IronFX, on the other hand, shows potential but falls short in comparison regarding pricing. Their Standard variable spread account lists a typical spread of 1.8 pips, which is higher than the industry average. The zero fixed-spread account starts with spreads at zero but imposes a $18 per lot commission and widens spreads to 3 pips overnight. These pricing features lead to a 4-star rating for IronFX from ForexBrokers.com in the Commissions and Fees category, placing it 47th among 62 brokers.
In summary, while both Moneta Markets and IronFX offer varying account types tailored to different trading needs, Moneta Markets generally provides more competitive pricing, particularly for traders able to meet the higher deposit requirements for their ECN accounts. Meanwhile, IronFX requires refinement in its pricing structure to better compete in the industry.
| Feature |
Moneta Markets
|
IronFX
|
|---|---|---|
| Minimum Deposit | $50 | $50 |
| Average Spread EUR/USD - Standard | 1.38 | 1.2 |
| All-in Cost EUR/USD - Active | 0.79 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| 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 comparing the range of investments between Moneta Markets and IronFX, both platforms offer forex trading as CFDs or spot contracts. Moneta Markets stands out by providing 1,016 tradeable symbols, significantly more than IronFX's 340 symbols. However, IronFX offers more currency pairs, numbering 83, compared to Moneta Markets' 54 pairs. Neither brokerage allows for trading actual exchange-traded securities on U.S. or international exchanges, such as Apple or Vodafone shares. For cryptocurrency enthusiasts, both platforms provide opportunities to trade cryptocurrency derivatives, but not the actual digital coins.
In terms of additional trading features, both Moneta Markets and IronFX offer the option of copy trading, allowing users to mirror successful trades from top investors. Despite a similar offering in functionalities, Moneta Markets earns a higher rating for its range of investments with 4 out of 5 stars, compared to IronFX's 3.5 stars. According to ForexBrokers.com, Moneta Markets is ranked #35 out of 62 brokers for their investment range, while IronFX lags at #51, further highlighting Moneta Markets’ superior investment options.
| Feature |
Moneta Markets
|
IronFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 340 |
| Forex Pairs (Total) | 54 | 83 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | 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 Moneta Markets and IronFX, both offer comprehensive trading platforms and essential tools favored by traders. They each provide simulated or demo trading accounts, catering to beginners who wish to practice trading without real financial risk. Neither broker develops its own custom platform, but both deliver reliable access to widely-used platforms. Users can enjoy the flexibility of trading on a Windows-based desktop or via a browser-based platform, thanks to their support for both MetaTrader 4 (MT4) platforms. However, Moneta Markets holds a distinct advantage with additional support for MetaTrader 5 (MT5) and ZuluTrade, enhancing the scope of trading strategies available to their clients.
While both brokers support direct trading from stock charts, Moneta Markets surpasses IronFX with more extensive charting tools, offering 78 drawing tools compared to IronFX's 15. For watch lists, IronFX provides more columns, allowing traders to customize up to seven fields, compared to four with Moneta Markets. Despite this, Moneta Markets edges ahead in overall ratings with four stars for trading platforms and tools compared to IronFX's 3.5 stars and boasts a higher ranking on ForexBrokers.com, coming in at #33 versus IronFX's #60. This clear lead underscores Moneta Markets as a slightly superior choice for those seeking advanced trading tools and efficient platform features.
| Feature |
Moneta Markets
|
IronFX
|
|---|---|---|
| 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 | No |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 105 | 30 |
| Charting - Drawing Tools (Total) | 78 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 4 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Moneta Markets and IronFX both provide mobile trading apps for iPhone and Android users, offering a range of features that cater to those who trade stocks or forex on the go. Both apps give users access to stock or forex price alerts and include advanced charting tools, supporting up to 30 technical studies. Users can draw trendlines and adjust view options with multiple time frames, whether daily, weekly, or intraday. Additionally, both apps allow for watchlist creation with real-time quotes and automatically save any drawing changes made within the charting tools.
A standout feature for Moneta Markets is its watchlist symbol syncing, which allows for seamless integration between its mobile app and online account, a feature not currently offered by IronFX. This means any changes made to watchlists are automatically updated across all platforms for Moneta Markets users. When it comes to rankings, Moneta Markets earns a 4-star rating for its mobile trading app, placing it 35th out of 62 brokers on ForexBrokers.com, whereas IronFX holds a 3.5-star rating, coming in at 61st in the same category. This suggests that while both platforms provide a strong set of basic and advanced features, Moneta Markets offers a slightly more enhanced user experience overall.
| Feature |
Moneta Markets
|
IronFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| 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 Moneta Markets and IronFX stand out for their comprehensive market research offerings. They each provide daily market commentary and keep customers informed with forex news from top-tier sources like Bloomberg and Reuters. For traders requiring more technical insights, both brokers offer tools from Trading Central, such as Technical Analytics, which can enhance trading strategies. However, Moneta Markets comes out ahead with its sentiment-based trading tool that highlights the ratio of long and short positions across various currency pairs, a feature IronFX does not match. On the flip side, neither broker offers tools from Acuity Trading or market research from TipRanks, which might be a consideration for those seeking insights from these specific platforms.
Both Moneta Markets and IronFX offer an economic calendar, helping traders stay informed about global economic events. They share an equal research rating of 4 stars, reflecting the depth of their research services. When ranked among 62 brokers for their research offerings, IronFX takes a slightly higher spot at #28 compared to Moneta Markets at #32. These rankings suggest that while both brokers perform commendably in market research, IronFX has a slight edge in overall ranking, which may be crucial for traders prioritizing research excellence.
| Feature |
Moneta Markets
|
IronFX
|
|---|---|---|
| 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 | No |
| 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, both Moneta Markets and IronFX offer a substantial amount of content about forex and CFDs. Each platform provides at least ten educational pieces, including articles and videos. However, Moneta Markets distinguishes itself with a rich collection of both beginner and advanced educational videos, making it a versatile choice for novice and experienced traders alike. Nonetheless, it falls short in some areas, such as the lack of online webinars or a searchable archive of recorded sessions, which could be a drawback for those who prefer live, interactive learning experiences.
On the other hand, IronFX matches Moneta Markets in offering a solid foundation of educational content for beginners, but it does not provide advanced videos, which may limit options for traders seeking to expand their knowledge further. IronFX compensates with a searchable archive of previously recorded client webinars and an investor dictionary featuring over 50 investment terms. These resources could serve as convenient tools for traders looking to understand complex market concepts. Both brokers receive a four-star rating for education, but Moneta Markets is ranked higher by ForexBrokers.com, sitting at #33, compared to IronFX at #44, perhaps indicating a slightly more comprehensive educational offering overall.
| Feature |
Moneta Markets
|
IronFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | Yes |
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 IronFX. Moneta Markets finished with an overall rank of #35, while IronFX finished with an overall rank of #48.
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
|
IronFX
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 72 | 83 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both Moneta Markets and IronFX do not provide the option to purchase actual, delivered cryptocurrency, but they do offer the ability to trade cryptocurrency derivatives.
When comparing online brokers Moneta Markets and IronFX regarding funding options, neither offers ACH, SEPA, or PayPal for deposits and withdrawals; however, IronFX supports Skrill while both brokers provide the option for Visa, Mastercard, and bank wire 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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Moneta Markets | IronFX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 72 | 83 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
| Broker Screenshots | Moneta Markets | IronFX | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | Moneta Markets | IronFX | |
|---|---|---|---|
| Trust Score | 72 | 83 | |
| Year Founded | 2009 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 3 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Moneta Markets | IronFX | |
|---|---|---|---|
| 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 | 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 | IronFX | |
|---|---|---|---|
| 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 | IronFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1016 | 340 | |
| Forex Pairs (Total) | 54 | 83 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | 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 | Moneta Markets | IronFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.38 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.79 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Moneta Markets | IronFX | |
|---|---|---|---|
| Minimum Deposit | $50 | $50 | |
| PayPal (Deposit/Withdraw) | No | No | |
| 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 | IronFX | |
|---|---|---|---|
| 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 | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | Moneta Markets | IronFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 4 | 7 | |
| Charting - Indicators / Studies (Total) | 105 | 30 | |
| Charting - Drawing Tools (Total) | 78 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Moneta Markets | IronFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| 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 | Moneta Markets | IronFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Moneta Markets | IronFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Moneta Markets | IronFX | |
|---|---|---|---|
| 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 | IronFX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 72 | 83 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill