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 |
Moneta Markets offers three account options with varying fees, providing flexibility for different trading needs. The Direct STP account operates without a commission and carries an average spread of 1.38 pips for the EUR/USD pair as of August 2023. However, the Prime ECN account, which incurs a commission of $3 per side per 100,000 units, offers a competitive all-in cost of approximately 0.79 pips, making it slightly below the industry average. For traders willing to make a $20,000 deposit, the Ultra ECN account stands out with its low spread and a reasonable $2 round-turn commission per lot. Despite these options, Moneta Markets still faces stiff competition from top-tier brokers in terms of pricing. The platform boasts a 4.5-star rating and ranks #16 out of 62 brokers in the Commissions and Fees category by ForexBrokers.com.
MultiBank provides its own variety of account types suitable for different trading levels. The Standard account may appeal only to novice traders due to its $50 minimum deposit coupled with relatively higher spreads. More seasoned traders might prefer the Pro account, which requires a $1,000 deposit and offers lower spreads. For those seeking the most competitive rates, the ECN account demands a $10,000 deposit alongside a modest $3 round-trip commission per trade. A potential drawback to consider is the $60 per month inactivity fee for accounts dormant beyond 90 days. MultiBank is rated at 4 stars and holds the #38 spot among 62 brokers for Commissions and Fees, according to ForexBrokers.com.
In comparing Moneta Markets to MultiBank, both brokers cater to different market segments with their range of account types and pricing structures. Moneta Markets presents cost-effective options for those able to meet higher minimum deposit requirements, whereas MultiBank offers accessibility at lower entry points, though at increased costs. Traders can weigh these considerations in light of each broker's rating and ranking to make an informed decision that fits their trading strategy and financial position.
| 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.
Both Moneta Markets and MultiBank offer convenient mobile trading experiences, with apps available for both iPhone and Android users. These apps provide essential features like price alerts and the ability to draw trendlines on charts. Both platforms also offer real-time watchlist creation, and users can view charts in multiple time frames to suit their trading needs. A standout feature for Moneta Markets is watchlist symbol syncing, which allows watchlists in the mobile app to sync with the client's online account. Unfortunately, this feature is missing from MultiBank's offerings.
When it comes to charting capabilities, both Moneta Markets and MultiBank provide an array of 30 technical studies, along with the ability to auto-save chart drawings. Both brokers have earned a respectable 4 out of 5 stars for their mobile trading apps. However, Moneta Markets has a slightly better ranking, sitting at #36 out of 62 brokers according to ForexBrokers.com, compared to MultiBank's #41 ranking. Overall, both platforms offer solid mobile trading options, but Moneta Markets edges forward with its superior synchronization flexibility.
| 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
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MultiBank
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|---|---|---|
| Overall Rating |
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| Trust Score | 72 | 84 |
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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.
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0 of 5| Overall Rating | Moneta Markets | MultiBank | |
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| Trust Score | 72 | 84 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | MultiBank Review |
| Broker Screenshots | Moneta Markets | MultiBank | |
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| 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 | |
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| Trust Score | 72 | 84 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | MultiBank Review |
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