Written by ForexBrokers.com
In this head to head comparison of Questrade vs Moneta Markets, 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.
Questrade, founded in 2000, and Moneta Markets, established in 2009, are both well-known online brokers. Neither company is publicly traded nor operates as a bank. In terms of regulatory oversight, Questrade holds two Tier-1 licenses, reflecting a higher level of trust. Moneta Markets, on the other hand, holds one Tier-1 license complemented by one Tier-2 license, denoting a reliable level of client protection.
According to ForexBrokers.com, which rates the trustworthiness of brokers, Questrade achieves a Trust Score of 86 out of 99, indicating a trusted status. Moneta Markets scores 72, placing it in the average risk category. These ratings offer potential clients a clear perspective on the safety and reliability of each platform, helping users make informed decisions about where to invest their assets.
| Feature |
Questrade
|
Moneta Markets
|
|---|---|---|
| Year Founded | 2000 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When it comes to comparing Questrade and Moneta Markets on commissions and fees, both brokers offer distinct advantages and disadvantages. Questrade presents a higher target spread of 1.9 pips on the EUR/USD, which is steeper compared to the industry average. On ForexBrokers.com, Questrade is ranked 57th out of 62 brokers in the Commissions and Fees category and holds a rating of 3 out of 5 stars. These figures suggest that while Questrade provides a platform with diverse offerings, its pricing isn’t the most competitive among its peers.
Moneta Markets, on the other hand, offers more varied pricing structures across its three types of accounts. The commission-free Direct STP account features an average spread of 1.38 pips for the EUR/USD pair. For traders looking at commission-based accounts, the Prime ECN account offers an average spread of 0.194 pips and a commission of $6 per round-trip standard lot, making the total cost approximately 0.79 pips, which is slightly better than the industry average. The Ultra ECN account provides even tighter spreads with a lower commission of $2 round-trip, but requires a substantial $20,000 deposit. Although Moneta Markets’ pricing can't rival the top forex brokers yet, it ranks 16th out of 62 brokers for Commissions and Fees and earned a commendable rating of 4.5 out of 5 stars.
| Feature |
Questrade
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | $250 | $50 |
| Average Spread EUR/USD - Standard | N/A | 1.38 |
| All-in Cost EUR/USD - Active | N/A | 0.79 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Questrade and Moneta Markets, both online brokers provide a platform for forex trading, offering contracts as CFDs. However, when it comes to the number of tradeable symbols, Moneta Markets takes the lead with 1,016 options available, while Questrade offers 641. If forex pairs are a priority, Questrade stands out by offering 110 pairs compared to Moneta Markets' 54. Moreover, Questrade provides access to exchange-traded securities on U.S. and international exchanges, enabling clients to invest in companies like Apple and Vodafone. In contrast, Moneta Markets does not offer the ability to purchase exchange-traded securities on these exchanges.
For those interested in advanced trading features, Moneta Markets caters to traders with copy trading capabilities, something Questrade doesn't offer. Both brokers offer cryptocurrency derivatives, but neither allows for the purchase of the actual cryptocurrency. In terms of investment range, Questrade is highly rated at 5 stars and ranks #11 out of 62 brokers on ForexBrokers.com. Moneta Markets is rated 4 stars and ranks #35, highlighting a solid offering but with less variety compared to Questrade.
| Feature |
Questrade
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 641 | 1016 |
| Forex Pairs (Total) | 110 | 54 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools of Questrade and Moneta Markets, both brokers offer a strong selection of features. Questrade provides a proprietary platform and supports trading on all major devices, including a web-based platform and a Windows-based desktop download. It also offers a free virtual demo account for practice. While Questrade users can trade directly from stock charts and have access to DupliTrade, they won't find copy trading or MetaTrader capabilities (MT4 or MT5) available. In terms of charting, Questrade provides 20 drawing tools and an extensive 52 columns for watch lists, giving users room to customize their trading experience.
Moneta Markets also accommodates traders with web and Windows platforms, along with a free virtual demo account. Although relying on third-party platforms like MetaTrader 4 and 5, Moneta Markets excels by offering copy trading through ZuluTrade, but it does not support DupliTrade. For charting enthusiasts, Moneta Markets surpasses Questrade with 78 drawing tools but offers fewer watch list columns, with only four fields. Despite these differences, both Questrade and Moneta Markets have received an equal four-star rating for their trading platforms and tools. On ForexBrokers.com, Moneta Markets holds a slight edge, ranking 33rd compared to Questrade's 34th out of 62 brokers.
| Feature |
Questrade
|
Moneta Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | Yes | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 64 | 105 |
| Charting - Drawing Tools (Total) | 20 | 78 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 52 | 4 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
For traders seeking a comprehensive mobile trading experience, both Questrade and Moneta Markets offer impressive iPhone and Android apps. Users of both platforms enjoy the convenience of stock and forex price alerts and seamless sync capabilities for watchlist symbols between their mobile apps and online accounts. This ensures that any changes made in either location are reflected across all devices. While both apps are well-equipped for creating real-time watchlists and offering multiple time frames for chart views, Questrade stands out with its offering of 64 technical studies for charting, compared to 30 studies available with Moneta Markets.
In terms of user experience, both platforms allow trendline drawing on charts and auto-save these annotations for ease of use. With a solid rating of 4 stars out of 5 for their mobile trading apps, both platforms ensure a reliable trading experience on the go. However, when considering overall rankings, Questrade edges slightly ahead, placed at number 34 out of 62 brokers, while Moneta Markets follows closely at number 35. This minor difference reflects individual preferences and hardcore trading needs that may sway a user's decision between these capable trading platforms.
| Feature |
Questrade
|
Moneta Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 64 | 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 the market research offerings of Questrade and Moneta Markets, there are notable differences. Moneta Markets provides daily market commentary and top-tier forex news from renowned sources like Bloomberg and Reuters, which Questrade lacks. Both brokers offer technical analysis tools from Trading Central, but Questrade additionally supports Autochartist tools, which Moneta Markets does not. Furthermore, Moneta Markets offers a sentiment-based trading tool, whereas Questrade does not. Questrade, on the other hand, features market research from TipRanks, a service not available with Moneta Markets.
In terms of shared features, both brokers provide an economic calendar to track global economic events. However, neither offers research tools from Acuity Trading. Moneta Markets scores better in research, boasting a 4-star rating as opposed to Questrade's 3.5 stars. Additionally, Moneta Markets is ranked higher by ForexBrokers.com, taking the 32nd spot out of 62 brokers compared to Questrade's 51st position. These distinctions highlight Moneta Markets as the superior choice for those seeking comprehensive market research options.
| Feature |
Questrade
|
Moneta Markets
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | Yes | 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 new investors, both Questrade and Moneta Markets offer a solid collection of materials focused on forex and CFDs. Each broker has a minimum of ten educational pieces, including articles, videos, and archived webinars, aimed at demystifying the trading process. In addition, both platforms provide over ten beginner-oriented videos, making them accessible choices for newcomers eager to learn the basics of trading. However, neither broker currently offers monthly educational webinars, which may be a consideration for those who prefer live learning experiences.
Questrade stands out with its searchable archive of client webinars, offering users a convenient way to access past sessions. On the other hand, Moneta Markets earns higher marks for its advanced educational videos, which are plentiful and cater to more experienced traders seeking to deepen their knowledge. While neither broker provides an investor dictionary with investing term definitions, their comprehensive video libraries compensate by catering to different levels of trading expertise. In the education category, Moneta Markets is rated slightly higher at 4 stars compared to Questrade's 3.5 stars, and is ranked 33rd out of 62 brokers by ForexBrokers.com, whereas Questrade is ranked 36th.
| Feature |
Questrade
|
Moneta Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| 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 Questrade is better than Moneta Markets. Questrade finished with an overall rank of #32, while Moneta Markets finished with an overall rank of #35.
Regulated in both the U.S. and Canada, Questrade is a trusted full-service multi-asset broker now offering forex and CFDs alongside its stock trading services for active and passive investors. While its scope of educational resources and in-house research is limited, Questrade has an impressive platform lineup.
| Feature |
Questrade
|
Moneta Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 72 |
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Both Questrade and Moneta Markets provide options for purchasing cryptocurrency derivatives, but neither allows for the acquisition of actual (delivered) cryptocurrency.
Both Questrade and Moneta Markets do not support ACH, SEPA, PayPal, or Skrill for deposits or withdrawals, but they both provide options for bank wires and Visa/Mastercard 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 | Questrade | Moneta Markets | |
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| Trust Score | 86 | 72 | |
| Winner | check_circle | ||
| Review | Questrade Review | Moneta Markets Review |
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| Regulation | Questrade | Moneta Markets | |
|---|---|---|---|
| Trust Score | 86 | 72 | |
| Year Founded | 2000 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Questrade | Moneta Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | Yes | 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 | No |
| Tier-2 Licenses (Trusted) | Questrade | Moneta Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Questrade | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 641 | 1016 | |
| Forex Pairs (Total) | 110 | 54 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | 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). |
| Cost | Questrade | Moneta Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.38 | |
| All-in Cost EUR/USD - Active | N/A | 0.79 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | No | Yes |
| Funding | Questrade | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | $250 | $50 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Questrade | Moneta Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Questrade | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 52 | 4 | |
| Charting - Indicators / Studies (Total) | 64 | 105 | |
| Charting - Drawing Tools (Total) | 20 | 78 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Questrade | Moneta Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 64 | 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 | Questrade | Moneta Markets | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Questrade | Moneta Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | Questrade | Moneta Markets | |
|---|---|---|---|
| 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 | Questrade Review | Moneta Markets Review |
| Overall | Questrade | Moneta Markets | |
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| Trust Score | 86 | 72 | |
| Winner | check_circle | ||
| Review | Questrade Review | Moneta Markets Review |
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