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 it comes to commissions and fees, Moneta Markets offers three account types: the commission-free Direct STP account and the commission-based Moneta Prime ECN and Ultra ECN accounts. While the Direct STP account carries no commission, its spreads are higher at an average of 1.38 pips for EUR/USD trading in August 2023. The Prime ECN account offers a lower spread of 0.194 pips but includes a commission of $3 per side for every 100,000 units, culminating in an all-in cost of roughly 0.79 pips. The Ultra ECN account offers even tighter spreads and a $2 commission per round-turn lot but requires a $20,000 deposit. Moneta Markets earns a 4.5-star rating for its competitive pricing and ranks #16 out of 62 brokers by ForexBrokers.com.
Octa has significantly improved its pricing structure, earning a 4-star rating and a #29 ranking by ForexBrokers.com. Traders at Octa can choose from accounts regulated by its EU entity, South African entity, or offshore entity in Mwali. Account types and associated costs vary depending on client location, with the EU entity providing a competitive average spread of about 0.5 pips for the EUR/USD pair as of its most recent data. Although Octa lacks date-specific spread information, its costs are approaching the reasonable rates of other low-cost MetaTrader brokers. Additionally, Octa offers the advantage of no slippage on 97.5% of transactions and no overnight carry fees, though it maintains some restrictions that could affect high-frequency traders.
In summary, both Moneta Markets and Octa have their unique advantages. Moneta Markets offers varied account types catering to different trading needs, but its best pricing is accessible with a significant deposit. Octa, while still catching up to other low-cost brokers, offers promising improvements in cost efficiencies and fee structures. Whether you’re a seasoned trader or a newcomer, understanding these nuances can help you make an informed choice between these two online brokers.
| 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.
Moneta Markets and Octa both provide forex trading options, allowing transactions through CFDs or spot contracts. When it comes to the number of tradeable symbols available, Moneta Markets holds a significant advantage with 1,016 symbols compared to Octa’s 300. In terms of forex pairs, Moneta Markets offers a broader selection with 54 pairs available, whereas Octa provides access to 35 pairs. Both platforms do not facilitate trading of exchange-traded securities on U.S. exchanges, such as shares of Apple. However, Octa does provide access to international exchange-traded securities, like Vodafone shares from the London Stock Exchange, a feature Moneta Markets lacks.
Both brokers support copy trading and offer cryptocurrency derivatives but do not enable the purchase of actual cryptocurrencies. In terms of ratings, Moneta Markets is evaluated more favorably for its range of investments, earning 4 stars, while Octa scores 3.5 stars. According to ForexBrokers.com, Moneta Markets is ranked #35 out of 62 brokers in the Range of Investments category, positioning it ahead of Octa, which ranks at #52. These factors contribute to Moneta Markets having a more diverse investment platform, catering to a wider array of trading needs.
| Feature |
Moneta Markets
|
Octa
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 300 |
| 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 it comes to mobile trading apps, both Moneta Markets and Octa offer solid compatibility for iPhone and Android users, along with essential features like stock or forex price alerts. Users can enjoy the same number of technical studies, 30 in total, for charting purposes. Additionally, both platforms enable drawing trendlines and provide the flexibility to view charts in different time frames such as daily, weekly, and intraday. You can also save drawings automatically on both apps, and they allow the creation of watchlists with real-time quotes.
A key difference between the two is Moneta Markets' ability to sync watchlist symbols between the mobile app and the client’s online account, a feature that Octa doesn't offer. Despite this, both are well-received by users, each earning a four-star rating for their mobile trading apps. In the ForexBrokers.com rankings of 62 brokers, Octa slightly edges out Moneta Markets, occupying the 35th spot compared to Moneta Markets' 36th position. Overall, both apps cater well to the needs of traders, providing a comprehensive mobile experience.
| 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 educational resources aimed at beginners, both brokers provide ample learning materials, each offering over ten educational pieces such as articles and videos focused on forex or CFDs. They also offer more than ten beginner educational videos, which are particularly helpful for those new to trading. However, Octa has the added advantage of holding monthly online educational webinars and providing a searchable archive of these sessions, which Moneta Markets does not offer. Additionally, Octa includes an investor dictionary that helps clarify over 50 investing terms, a feature missing from Moneta Markets.
Despite these differences, both Moneta Markets and Octa have received a 4-star rating for education. Ranked by ForexBrokers.com, Moneta Markets stands at #33, while Octa trails slightly at #42 among a total of 62 brokers. The educational offerings from each broker cater well to beginners, with Moneta Markets slightly ahead in general rankings, though Octa's comprehensive educational toolbox, including webinars and a dictionary, provides a distinct edge in accessible learning for new traders.
| 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 |
|
|
| Trust Score | 72 | 72 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Moneta Markets | Octa | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 72 | 72 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | Octa Review |
| Broker Screenshots | Moneta Markets | Octa | |
|---|---|---|---|
| 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 | 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 | 300 | |
| 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 | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 72 | 72 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | Octa Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill