Written by ForexBrokers.com
In this head to head comparison of Moneta Markets vs MultiBank, 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 and MultiBank, both respected online brokers, differ in their Trust Scores and regulatory holdings. Founded in 2009, Moneta Markets boasts a ForexBrokers.com Trust Score of 72, placing it in the average risk category. It holds one Tier-1 license, regarded as highly trusted, and one Tier-2 license. MultiBank, established earlier in 2005, achieves a higher Trust Score of 84, indicating it is a trusted broker within the industry. This is supported by its three Tier-1 licenses, a notable distinction, and one Tier-2 license.
Neither Moneta Markets nor MultiBank are publicly traded or operate as banks. While Moneta Markets offers a solid regulatory framework with a mix of licenses, MultiBank positions itself as potentially more secure with a broader range of highly trusted licenses. Despite these differences, both brokers provide reliable services, with regulatory credentials that cater to different trust and risk appetites of investors.
| Feature |
Moneta Markets
|
MultiBank
|
|---|---|---|
| Year Founded | 2009 | 2005 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 3 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
When comparing Moneta Markets and MultiBank on commissions and fees, Moneta Markets offers three account options: Direct STP, Prime ECN, and Ultra ECN. The Direct STP account is commission-free with an average spread of 1.38 pips for EUR/USD, but spreads are higher compared to industry benchmarks. The Prime ECN account has a tighter spread, averaging 0.194 pips for EUR/USD, along with a $6 per round-trip commission. The Ultra ECN account offers even more competitive pricing with a $2 per round-turn commission, though it requires a $20,000 deposit. Overall, Moneta Markets is rated 4.5 stars and ranks #16 out of 62 brokers for its commission and fee structure.
MultiBank, on the other hand, provides three account types: Standard, Pro, and ECN. The Standard account, with a $50 minimum deposit, comes with higher spreads, making it less appealing for experienced traders. The Pro account requires a $1,000 deposit and offers improved spreads. The ECN account, requiring a $10,000 deposit, has the lowest spreads and charges a $3 round-trip commission. Unlike Moneta, MultiBank imposes a non-trading inactivity fee of $60 if the account is dormant for 90 days. Rated 4 stars for commissions and fees, MultiBank ranks #37 out of 62 brokers in this category.
| Feature |
Moneta Markets
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $50 | $50 |
| 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 | Yes |
| 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 Moneta Markets and MultiBank in terms of their investment offerings, both platforms provide a comprehensive suite of options for forex trading enthusiasts. They each offer forex trading as CFDs or spot contracts, giving traders flexibility. Moneta Markets presents users with 1,016 tradeable symbols, slightly fewer than MultiBank's 1,042 symbols. However, Moneta Markets shines by offering 54 tradeable forex pairs compared to MultiBank's 40 pairs. Despite these differences, neither broker provides clients the opportunity to purchase exchange-traded securities on U.S. or international exchanges directly.
Investors interested in cryptocurrency will find notable differences between the two. Moneta Markets does not support buying actual cryptocurrencies but does offer cryptocurrency derivatives. Conversely, MultiBank allows investors to purchase actual cryptocurrencies as well as derivatives. Both platforms cater to those interested in copy trading, enhancing social investment opportunities. In ratings, both Moneta Markets and MultiBank receive 4 stars for their range of investments, with Moneta Markets slightly outranking MultiBank at 35th place against MultiBank's 37th place among 62 brokers, according to ForexBrokers.com.
| Feature |
Moneta Markets
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 1042 |
| Forex Pairs (Total) | 54 | 40 |
| 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 | Yes |
| 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). |
Dive deeper: Best Copy Trading Platforms.
Moneta Markets and MultiBank both cater to traders seeking versatile online platforms, offering features such as free virtual demo accounts and compatibility with popular tools like MetaTrader 4 and MetaTrader 5. While they both provide Windows-based desktop downloads and web-based trading platforms, MultiBank holds an edge with its proprietary platform, enhancing its appeal for traders interested in exclusive features developed in-house. On the other hand, Moneta Markets compensates by offering ZuluTrade for social trading enthusiasts, which MultiBank currently lacks. Additionally, both brokers support copy trading, offering varied options for traders looking to replicate the strategies of seasoned investors.
Chart enthusiasts will find a notable difference in the number of drawing tools, with Moneta Markets offering 78 compared to MultiBank's 17. For those who value extensive technical analysis capabilities, this could be a deciding factor. Watchlists are slightly more detailed in MultiBank, featuring seven columns compared to the four provided by Moneta Markets. Despite these variances, both brokers receive an identical rating of four out of five stars for their platforms and tools. Notably, Moneta Markets ranks slightly higher on ForexBrokers.com, coming in at 33 out of 62 brokers, a touch ahead of MultiBank’s 39th position. Overall, both brokers present competitive options, but traders may find specific features that align more closely with their personal preferences.
| Feature |
Moneta Markets
|
MultiBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| 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 | No |
| Charting - Indicators / Studies (Total) | 105 | 38 |
| Charting - Drawing Tools (Total) | 78 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 4 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Moneta Markets and MultiBank, both platforms offer a comprehensive suite of features suitable for iPhone and Android users. Both apps provide essential trading tools such as stock and forex price alerts, and the ability to draw trendlines on charts, ensuring that key functionalities are covered. They also offer 30 technical studies for charting, and allow users to view multiple time frames, whether daily, weekly, or intraday. This makes these apps accessible for both beginner and seasoned traders alike.
One notable difference is in watchlist management; Moneta Markets enables users to sync symbols between the mobile app and their online account, offering a seamless experience, while MultiBank does not provide this feature. Despite both allowing real-time quotes in custom watchlists, this synchronization advantage could be crucial for traders on the go. In terms of ratings, both apps are rated four out of five stars for their mobile trading features. However, Moneta Markets holds a higher ranking at #35 compared to MultiBank's #41 according to ForexBrokers.com, suggesting a slight edge in user satisfaction and app performance.
| Feature |
Moneta Markets
|
MultiBank
|
|---|---|---|
| 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.
When comparing Moneta Markets and MultiBank in terms of market research offerings, Moneta Markets stands out for its daily market commentary and a wide range of insightful research tools. It provides users with essential forex news from renowned sources such as Bloomberg, Reuters, or Dow Jones, ensuring traders stay informed of the latest market movements. Additionally, Moneta Markets enriches its research suite with tools from Trading Central, offering sophisticated technical analysis that can aid in strategic decision-making. Traders can also benefit from a sentiment-based trading tool, providing a clear view of market sentiment by displaying the ratio of long or short positions across various instruments. Both Moneta Markets and MultiBank offer an economic calendar that tracks significant global economic events; however, Moneta Markets edges ahead with a 4-star research rating, compared to MultiBank’s 3.5 stars, and a superior ranking at #32 versus MultiBank’s #49 by ForexBrokers.com.
On the other hand, MultiBank matches Moneta Markets in providing top-tier forex news from reputable sources, ensuring traders have access to crucial information. However, MultiBank falls short in several areas compared to Moneta Markets. It does not offer daily market commentary or the technical and sentiment analysis tools that Moneta Markets provides, which may limit the breadth of market insights available to traders. Moreover, neither broker offers research tools from Autochartist, TipRanks, nor Acuity Trading, but the comprehensive offerings of Moneta Markets give it a competitive edge in overall market research capabilities.
| Feature |
Moneta Markets
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| 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 in forex or CFDs trading, both Moneta Markets and MultiBank offer a solid selection. Each provides at least ten educational pieces, such as articles, videos, and archived webinars, centered around forex or CFDs. However, neither broker hosts live educational webinars monthly nor maintains an archive of past webinars for users to revisit. For those starting out and looking for beginner trading videos, both brokers deliver with over ten videos tailored specifically for newcomers to trading.
Moneta Markets stands out by offering advanced educational videos, aimed at more experienced traders, with more than ten available, whereas MultiBank falls short in this area. Neither broker features an extensive investor dictionary to help users with investing terms. In terms of overall educational ranking, Moneta Markets is rated slightly higher with 4 stars, compared to MultiBank's 3.5-star rating. Among 62 brokers assessed by ForexBrokers.com, Moneta Markets claims the 33rd spot, while MultiBank is positioned at 50th, indicating a more comprehensive educational offering from Moneta Markets.
| Feature |
Moneta Markets
|
MultiBank
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| 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 MultiBank. Moneta Markets finished with an overall rank of #35, while MultiBank finished with an overall rank of #40.
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
|
MultiBank
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 72 | 84 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Moneta Markets enables the purchase of cryptocurrency derivatives but lacks the option to buy actual, delivered cryptocurrencies, whereas MultiBank offers both the ability to buy delivered cryptocurrencies and cryptocurrency derivatives.
Comparing online brokers, Moneta Markets does not support ACH or SEPA transfers and lacks options like PayPal and Skrill for fund transactions, only accommodating Visa, Mastercard, and bank wires; whereas, MultiBank supports ACH and SEPA transfers, offers Skrill for transactions, and similarly accepts Visa, Mastercard, and bank wires, but not PayPal.
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 | MultiBank | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 72 | 84 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | MultiBank Review |
| Broker Screenshots | Moneta Markets | MultiBank | |
|---|---|---|---|
| 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 | MultiBank | |
|---|---|---|---|
| Trust Score | 72 | 84 | |
| Year Founded | 2009 | 2005 | |
| 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 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | Moneta Markets | MultiBank | |
|---|---|---|---|
| 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 | Yes | |
| 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). | No | Yes |
| Tier-2 Licenses (Trusted) | Moneta Markets | MultiBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Moneta Markets | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1016 | 1042 | |
| Forex Pairs (Total) | 54 | 40 | |
| 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 | Yes | |
| 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). |
| Cost | Moneta Markets | MultiBank | |
|---|---|---|---|
| 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 | Yes | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Moneta Markets | MultiBank | |
|---|---|---|---|
| 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 | Yes |
| Trading Platforms | Moneta Markets | MultiBank | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| 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 | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | Moneta Markets | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 4 | 7 | |
| Charting - Indicators / Studies (Total) | 105 | 38 | |
| Charting - Drawing Tools (Total) | 78 | 17 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Moneta Markets | MultiBank | |
|---|---|---|---|
| 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 | MultiBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Moneta Markets | MultiBank | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| 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 | MultiBank | |
|---|---|---|---|
| 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 | MultiBank Review |
| Overall | Moneta Markets | MultiBank | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 72 | 84 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | MultiBank Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill