Written by ForexBrokers.com
In this head to head comparison of Moneta Markets vs RoboForex, 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 RoboForex are both online brokers established in 2009, and neither is publicly traded or operates as a bank. When it comes to regulatory credibility, both hold one Tier-1 license, which is highly trusted according to ForexBrokers.com. However, Moneta Markets sets itself slightly apart by having one additional Tier-2 license, indicating an additional level of trust.
In terms of overall trustworthiness, their scores are nearly identical, with RoboForex scoring 73 out of 99 and Moneta Markets closely behind at 72. This places both brokers in the 'average risk' category based on ForexBrokers.com's rating scale. Therefore, when choosing between these two brokers, potential investors should consider both their regulatory credentials and Trust Scores, as they offer comparable levels of reliability and oversight.
| Feature |
Moneta Markets
|
RoboForex
|
|---|---|---|
| Year Founded | 2009 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
Moneta Markets offers a range of account options with varied trading costs. For traders who prefer commission-free trading, the Direct STP account provides this service, although it comes with higher spreads — averaging 1.38 pips for the EUR/USD pair in August 2023. On the other hand, commission-based accounts like the Prime ECN and Ultra ECN offer tighter spreads but involve a commission. The Prime ECN account has an average spread of 0.194 pips and a commission of $6 per round-turn standard lot, leading to a total cost of approximately 0.79 pips, which is slightly better than the industry average. The Ultra ECN account offers an even lower commission of $2 per round-trip, but it necessitates a substantial deposit of $20,000. With these offerings, Moneta Markets earns a commendable 4.5-star rating for its commissions and fees, ranking #16 out of 62 brokers.
In contrast, RoboForex’s commission and fees structure is primarily characterized by comparatively high spreads, especially on its Procent and Pro accounts. For instance, average spreads for the EUR/USD pair stand at 1.3 pips, which is notably higher compared to Moneta Markets. Consequently, RoboForex holds a 3.5-star rating in the commissions and fees category, positioning it at #54 out of 62 brokers by ForexBrokers.com.
When evaluating the two brokers based on their commissions and fees, Moneta Markets stands out by offering more competitive pricing structures, especially for traders ready to meet higher deposit requirements for lower-cost trading. In contrast, RoboForex’s higher spreads across its accounts may not be as appealing to cost-conscious traders looking for low-cost options. These differences are clearly reflected in their respective rankings and ratings.
| Feature |
Moneta Markets
|
RoboForex
|
|---|---|---|
| Minimum Deposit | $50 | $100 |
| Average Spread EUR/USD - Standard | 1.38 | 1.3 |
| All-in Cost EUR/USD - Active | 0.79 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| 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 the range of investments offered by Moneta Markets and RoboForex, there are some clear distinctions and similarities to consider. Moneta Markets provides its clients with 1,016 tradeable symbols, including 54 forex pairs, and offers forex trading as a CFD or spot contract. Although Moneta Markets doesn't provide exchange-traded securities on U.S. or international exchanges, it does allow investors to engage in copy trading and offers cryptocurrency derivatives, rather than the actual cryptocurrency. Despite having a comprehensive range of investment options, Moneta Markets holds a 4-star rating and is ranked #35 for Range of Investments by ForexBrokers.com.
RoboForex, in contrast, offers an impressive 8,400 tradeable symbols but fewer forex pairs at 28. Like Moneta Markets, RoboForex allows for forex trading through CFDs or spot contracts, does not delve into exchange-traded securities from U.S. or international exchanges, facilitates copy trading, and provides access to cryptocurrency derivatives. Nevertheless, RoboForex slightly edges ahead with a 4.5-star rating for its range of investments offering and holds a higher ranking of #20 according to ForexBrokers.com. While both brokers offer diverse investment platforms, RoboForex's broader range of tradeable symbols provides more variety for investors.
| Feature |
Moneta Markets
|
RoboForex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 8400 |
| Forex Pairs (Total) | 54 | 28 |
| 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 | 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.
Moneta Markets and RoboForex both provide a wide array of trading platforms and tools, catering to different types of traders. Both brokers offer simulated trading through a free virtual demo account, allowing users to practice without financial risk. Neither Moneta Markets nor RoboForex has developed a proprietary platform; instead, they use well-known platforms like MetaTrader 4 and MetaTrader 5. Both brokers support various trading formats, including Windows-based desktop platforms and web-based browser options, and offer the popular copy trading feature. However, a notable difference is that Moneta Markets supports ZuluTrade, while RoboForex does not.
When it comes to charting tools, Moneta Markets provides 78 drawing tools, significantly more than RoboForex's 15. Both brokers allow traders to execute trades directly from stock charts, enhancing trading convenience. In terms of organizing market data, RoboForex offers more flexibility with seven fields for watch lists compared to Moneta Markets' four. Both traders receive similar ratings of 4 stars for their trading platforms and tools, but Moneta Markets ranks higher, securing the 33rd position against RoboForex's 43rd in the ForexBrokers.com ranking out of 62 brokers.
| Feature |
Moneta Markets
|
RoboForex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | No |
| 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.
Both Moneta Markets and RoboForex provide comprehensive mobile trading apps that cater to users on iPhone and Android platforms. Both apps allow for stock and forex price alerts, multiple time frame views, trendline drawing, and automatic saving of chart drawings. Additionally, they both offer 30 technical studies for charting, enabling in-depth technical analysis. However, a notable difference is that Moneta Markets enables watchlist symbol syncing across devices, ensuring updates are consistent between the mobile app and online accounts. In contrast, RoboForex lacks this syncing feature, requiring users to manually update lists between platforms.
Both Moneta Markets and RoboForex allow users to create watchlists with real-time quotes, adding to ease-of-use and functionality. Each broker holds a rating of four stars for their mobile trading apps, reflecting solid user satisfaction. However, Moneta Markets ranks higher on ForexBrokers.com's list, securing the #35 spot, while RoboForex stands at #43 out of 62 brokers. This distinction may be significant for traders prioritizing streamlined, cross-platform functionality and are seeking a unified trading experience.
| Feature |
Moneta Markets
|
RoboForex
|
|---|---|---|
| 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 RoboForex, both brokers offer daily market commentary and forex news from premium sources like Bloomberg and Reuters, providing valuable insights for traders. While neither broker utilizes tools from Autochartist, both do offer resources from Trading Central, ensuring comprehensive technical analysis options. Moneta Markets stands out with its sentiment-based trading tool, providing a ratio of long and short positions, which RoboForex does not offer. However, RoboForex provides research tools from Acuity Trading, offering an alternative with insights like Signal Centre, which Moneta Markets lacks.
Both firms offer economic calendars to keep traders informed on global economic events, ensuring all bases are covered for market-related information. In terms of accolades, Moneta Markets is rated higher for research with 4 stars, compared to RoboForex's 3.5 stars. This assessment is supported by their ranks on ForexBrokers.com, where Moneta Markets holds the 32nd position, slightly ahead of RoboForex, which is ranked 37th out of 62 brokers. This suggests that Moneta Markets might have a slight edge when it comes to comprehensive research features and user satisfaction in this category.
| Feature |
Moneta Markets
|
RoboForex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational offerings for beginners provided by Moneta Markets and RoboForex, it's evident that Moneta Markets has a more comprehensive suite of resources. Moneta Markets provides a minimum of 10 educational pieces, such as articles or videos, that focus on forex or CFDs, alongside at least 10 beginner-focused videos tailored to new traders. This wealth of content offers a strong foundation for individuals who are new to trading and are looking to better understand the financial markets. In contrast, RoboForex falls short in these areas, lacking the same volume of educational materials, and this difference is reflected in their education ratings, with Moneta Markets receiving 4 stars compared to RoboForex's 3.5 stars.
Both platforms, however, do not offer live or recorded online educational webinars, nor do they provide an investor dictionary with definitions for common trading terms. While Moneta Markets also includes advanced educational videos for more seasoned traders, RoboForex does not match this level of advanced learning content. These distinctions may contribute to Moneta Markets being ranked higher for education at #33 out of 62 brokers by ForexBrokers.com, while RoboForex is positioned at #56. As a beginner seeking educational resources to enhance your trading knowledge, Moneta Markets appears to edge out RoboForex in terms of available educational support and resources.
| Feature |
Moneta Markets
|
RoboForex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| 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 RoboForex. Moneta Markets finished with an overall rank of #35, while RoboForex finished with an overall rank of #46.
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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RoboForex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 72 | 73 |
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Both Moneta Markets and RoboForex do not provide the option to buy actual cryptocurrencies but do offer the ability to purchase cryptocurrency derivatives.
Moneta Markets and RoboForex differ in their deposit and withdrawal options, with Moneta Markets supporting Visa, Mastercard, and bank wires, while RoboForex also offers ACH, SEPA transfers, PayPal, Skrill, Visa, Mastercard, and bank wires, providing a more versatile range of transaction methods.
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 | RoboForex | |
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| Trust Score | 72 | 73 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | RoboForex Review |
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| Regulation | Moneta Markets | RoboForex | |
|---|---|---|---|
| Trust Score | 72 | 73 | |
| Year Founded | 2009 | 2009 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | Moneta Markets | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Moneta Markets | RoboForex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1016 | 8400 | |
| Forex Pairs (Total) | 54 | 28 | |
| 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 | 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 | RoboForex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.38 | 1.3 | |
| All-in Cost EUR/USD - Active | 0.79 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Moneta Markets | RoboForex | |
|---|---|---|---|
| Minimum Deposit | $50 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| 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 | RoboForex | |
|---|---|---|---|
| Proprietary Platform | No | No | |
| 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 | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Moneta Markets | RoboForex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | Moneta Markets | RoboForex | |
|---|---|---|---|
| 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 | RoboForex Review |
| Overall | Moneta Markets | RoboForex | |
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| Trust Score | 72 | 73 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | RoboForex Review |
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