Written by ForexBrokers.com
In this head to head comparison of Moneta Markets vs Octa, 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 Octa both entered the online brokerage scene in the late 2000s and early 2010s, with Moneta Markets being founded in 2009 and Octa in 2011. Neither of the companies is publicly traded or operates as a bank. When it comes to licenses, Moneta Markets and Octa each hold one Tier-1 license and one Tier-2 license, recognized by ForexBrokers.com as either highly trusted or trusted.
Both brokers score a Trust Score of 72 out of 99 on ForexBrokers.com, placing them in the average risk category. This score reflects their regulatory standing and overall trustworthiness in the financial market. While both platforms offer similar regulatory credentials, choosing between them may come down to other factors such as user experience, fees, and specific trading tools.
| Feature |
Moneta Markets
|
Octa
|
|---|---|---|
| Year Founded | 2009 | 2011 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing Moneta Markets and Octa in terms of commissions and fees, both brokers offer different approaches to satisfy various trader needs. Moneta Markets provides three account types, which differ in their pricing structures. The commission-free Direct STP account features an average spread of 1.38 pips for EUR/USD, which is generally higher compared to its other options. Thus, traders seeking lower costs might prefer the Prime ECN account, which records an average spread of 0.194 pips and includes a $6 round-trip commission per standard lot. The Ultra ECN account, requiring a $20,000 deposit, offers an even tighter spread and a lower $2 round-trip commission.
On the other hand, Octa has recently improved its pricing structure and now competes closely with low-cost MetaTrader brokers. The broker's spread pricing varies by the regulatory entity, with its EU entity offering an average spread of 0.5 pips for the EUR/USD pair, while international accounts see around 0.9 pips. Although Octa does not provide specific dates for its spread data, it claims no slippage on 97.5% of executed orders and no overnight carry costs. However, restrictions may impact high-frequency traders.
Overall, Moneta Markets emerges with a slightly superior rating of 4.5 stars for commissions and fees, ranking #16 out of 62 brokers by ForexBrokers.com. Octa follows with a rating of 4 stars and ranks #28. While both brokers have their strengths, Moneta Markets offers more refined pricing options, particularly for those able to meet higher deposit requirements, whereas Octa presents a competitive choice for clients focused on low-cost trading and diverse account types.
| Feature |
Moneta Markets
|
Octa
|
|---|---|---|
| Minimum Deposit | $50 | $25 |
| Average Spread EUR/USD - Standard | 1.38 | 0.9 |
| All-in Cost EUR/USD - Active | 0.79 | N/A |
| Active Trader or VIP Discounts | No | No |
| 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 Moneta Markets and Octa in terms of the range of investments offered, there are some clear differences. Moneta Markets allows clients to trade 1,016 symbols, including 54 forex pairs, all available as CFDs or spot contracts, which provides a broad scope for traders interested in forex. Meanwhile, Octa provides traders with 257 symbols and 35 forex pairs, also available as CFDs or spot contracts. While both platforms enable cryptocurrency trading through derivatives, neither offers the option to purchase actual cryptocurrencies. Moreover, neither broker offers access to U.S. exchange-traded securities; however, Octa allows clients to invest in international exchange-traded securities, such as companies listed on the London Stock Exchange.
In terms of special features, both Moneta Markets and Octa support copy trading, which can be appealing to those looking to mirror experienced traders. Despite their similarities, Moneta Markets has an edge when it comes to the overall range of investments, boasting a 4-star rating compared to Octa's 3.5-star rating on this front. According to ForexBrokers.com, Moneta Markets is ranked 35th out of 62 brokers for its diverse investment offerings, while Octa is positioned at 52nd. This suggests that those seeking a broader array of trading opportunities might find Moneta Markets to be a slightly more comprehensive option.
| Feature |
Moneta Markets
|
Octa
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 257 |
| Forex Pairs (Total) | 54 | 35 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| 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 the trading platforms and tools of Moneta Markets and Octa, both brokers cater to users with a variety of offerings. For those interested in trying out trading strategies without the risk, both offer free demo accounts. Moneta Markets does not have a custom-developed platform, relying instead on popular platforms like MetaTrader 4 and 5, which are also supported by Octa. Octa, however, goes a step further by offering its own proprietary trading platform. Both brokers provide a Windows-based desktop platform and a web-based trading option, ensuring versatile access for their users. Additionally, copy trading is available with both brokers, allowing traders to replicate the trades of experts. Moneta Markets stands out with ZuluTrade integration, a feature not available with Octa.
Chart enthusiasts may find Moneta Markets more appealing with its 78 drawing tools, compared to Octa's 15. Both brokers enable users to conduct trades directly from stock charts, offering a seamless trading experience. When it comes to watch lists, Octa provides more options with seven columns compared to Moneta Markets' four. Despite these differences, both brokers are rated four stars for their trading platforms and tools, indicating a high level of satisfaction among users. In rankings by ForexBrokers.com, Moneta Markets holds the 33rd position, slightly ahead of Octa, which comes in at 37th out of 62 brokers.
| Feature |
Moneta Markets
|
Octa
|
|---|---|---|
| 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 | 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.
When comparing the mobile trading apps of Moneta Markets and Octa, both brokers cater to traders using iPhone and Android devices. They provide essential features like stock or forex price alerts and the ability to draw trendlines on charts. Both apps support viewing multiple time frames, such as daily, weekly, or intraday, on a stock or forex chart, and drawings are automatically saved across sessions. Each app also allows users to create watchlists with real-time quotes, making them suitable choices for active traders.
However, one key difference arises when it comes to watchlist symbol syncing. Moneta Markets excels by allowing seamless syncing of watchlists between its mobile app and the client's online accounts, a feature Octa doesn't offer. Both brokers present an equal number of technical studies for charting within their apps, totaling 30. In terms of user ratings, both Moneta Markets and Octa receive a solid 4-star rating for their mobile trading apps. While Moneta Markets holds a slightly higher position, ranked #35 out of 62 brokers by ForexBrokers.com for their mobile trading offerings, Octa follows closely at #36.
| Feature |
Moneta Markets
|
Octa
|
|---|---|---|
| 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 Octa in terms of market research offerings, both brokers provide key resources like daily market commentary and forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones. However, they differ in the technical tools they provide. Octa includes technical analysis tools from Autochartist, while Moneta Markets partners with Trading Central for its analysis tools. Moneta Markets further distinguishes itself by offering a sentiment-based trading tool that displays the ratio of long and short positions on various instruments, a feature that is absent from Octa’s offerings.
Both Moneta Markets and Octa ensure traders have access to a comprehensive economic calendar, highlighting important global news events. Despite Moneta Markets receiving a commendable four-star rating for research, Octa slightly edges out by ranking higher on ForexBrokers.com, coming in at #26 compared to Moneta Markets at #32 among 62 brokers. Neither broker offers research tools from TipRanks or Acuity Trading, focusing instead on their respective strengths to support their traders' needs.
| Feature |
Moneta Markets
|
Octa
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| 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 comparing Moneta Markets and Octa for beginner educational resources, both platforms provide a solid foundation with over 10 educational pieces focusing on forex and CFDs. This includes a healthy assortment of articles and videos tailored to help beginners gain a foothold in trading. However, where Octa edges ahead is in its commitment to regular monthly webinars, offering participants a dynamic learning experience. These online sessions, archived for convenience, ensure newcomers have the flexibility to learn at their own pace—something Moneta Markets does not currently offer.
Moreover, Octa delivers an investor dictionary featuring over 50 crucial investing terms, enhancing the learning toolkit available to its users. While both brokers present a variety of introductory and advanced educational videos, Moneta Markets ranks slightly higher in the educational category according to ForexBrokers.com. Yet, both earn a commendable four-star rating, which reflects their dedication to providing valuable educational resources for traders of all levels.
| Feature |
Moneta Markets
|
Octa
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| 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 Octa. Moneta Markets finished with an overall rank of #35, while Octa finished with an overall rank of #47.
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
|
Octa
|
|---|---|---|
| Overall Rating |
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| Trust Score | 72 | 72 |
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Both Moneta Markets and Octa do not allow the purchase of actual (delivered) cryptocurrencies but do offer the ability to trade cryptocurrency derivatives.
Both Moneta Markets and Octa do not support ACH, SEPA, or PayPal for deposits or withdrawals, but while Moneta Markets lacks support for Skrill, Octa offers it, and both brokers accept Visa, Mastercard, and bank wire transactions.
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 | Octa | |
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| Trust Score | 72 | 72 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | Octa Review |
| Broker Screenshots | Moneta Markets | Octa | |
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| Regulation | Moneta Markets | Octa | |
|---|---|---|---|
| Trust Score | 72 | 72 | |
| Year Founded | 2009 | 2011 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Moneta Markets | Octa | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| 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 | 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 | Octa | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Moneta Markets | Octa | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1016 | 257 | |
| Forex Pairs (Total) | 54 | 35 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| 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 | Octa | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.38 | 0.9 | |
| All-in Cost EUR/USD - Active | 0.79 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Moneta Markets | Octa | |
|---|---|---|---|
| Minimum Deposit | $50 | $25 | |
| 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 | Octa | |
|---|---|---|---|
| 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 | Octa | |
|---|---|---|---|
| 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 | Octa | |
|---|---|---|---|
| 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 | Octa | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Moneta Markets | Octa | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Moneta Markets | Octa | |
|---|---|---|---|
| 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 | Octa Review |
| Overall | Moneta Markets | Octa | |
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| Trust Score | 72 | 72 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | Octa Review |
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