Written by ForexBrokers.com
In this head to head comparison of Saxo vs Moneta Markets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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When comparing Saxo and Moneta Markets, both brokers present unique offerings and strengths. Saxo, established in 1992, is not only a broker but also a bank, giving it a different level of financial credibility compared to non-bank entities like Moneta Markets, which was founded in 2009. Neither broker is publicly traded on a stock exchange, but their regulatory standings are markedly different. Saxo holds a high ForexBrokers.com Trust Score of 99, indicating a high level of trust. It has earned 7 Tier-1 licenses, the highest number for top-level regulation, showing its wide-ranging adherence to the strictest financial standards. In comparison, Moneta Markets has a Trust Score of 72, and holds just 1 Tier-1 license, categorizing it at an average risk level.
Furthermore, both brokers have obtained 1 Tier-2 license each, representing trusted but slightly more lenient regulatory approval than Tier-1 licenses. Saxo’s status as a bank, alongside its extensive collection of Tier-1 licenses, underlines its solid position as a highly trusted broker, making it a compelling choice for those prioritizing security and regulatory depth. On the other hand, Moneta Markets, with its single Tier-1 license and moderate Trust Score, might appeal to traders who are more open to different risk levels and are engaging with a broker established in the newer era of online trading.
| Feature |
Saxo
|
Moneta Markets
|
|---|---|---|
| Year Founded | 1992 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing Saxo and Moneta Markets, Saxo emerges as a strong contender in terms of commissions and fees, especially for high-volume traders and those with larger account balances. Saxo is rated 5 stars for its pricing, offering spreads on the EUR/USD ranging from 0.9 to 1.1 pips depending on the account tier. The Classic account presents slightly higher average spreads, while Platinum and VIP accounts align more closely with industry standards. Notably, Saxo also provides commission-free forex trading, with a minor fee applicable only for very low-volume traders. Saxo ranks #9 out of 62 brokers for commissions and fees according to ForexBrokers.com.
Moneta Markets, rated 4.5 stars, caters to different trading needs through diverse account types. Their commission-free Direct STP account features average spreads of 1.38 pips on the EUR/USD. For those opting for the commission-based Moneta Prime ECN account, average spreads drop to 0.19 pips, with a $6 round-turn commission per standard lot, making the total cost approximately 0.79 pips. The Ultra ECN account offers even tighter spreads and a reduced $2 round-trip commission for deposits above $20,000. Despite these competitive options, Moneta Markets ranks #16 out of 62 brokers, indicating room for improvement in comparison to the best in the industry.
In summary, Saxo provides an exceptional pricing structure for those eligible for higher-tier accounts, supporting zero commission forex trades and appealing spreads, particularly for active traders. While Moneta Markets offers varied account options with their own perks, such as reduced commissions for higher deposits, Saxo generally holds a higher standing in terms of overall value and rankings in the brokerage landscape.
| Feature |
Saxo
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | 1.1 | 1.38 |
| All-in Cost EUR/USD - Active | 0.9 | 0.79 |
| Active Trader or VIP Discounts | Yes | 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 the range of investments offered by Saxo and Moneta Markets, Saxo presents a more diverse array of options. Saxo offers 70,000 tradeable symbols, significantly outpacing Moneta Markets' offering of 1,016. Both brokers allow forex trading through CFDs or spot contracts, with Saxo featuring 190 tradeable forex pairs compared to Moneta Markets' 54. Additionally, Saxo gives investors the opportunity to buy exchange-traded securities on U.S. and international exchanges, whereas Moneta Markets does not offer such options. This includes popular stocks, such as shares of Apple on the NASDAQ and Vodafone on the London Stock Exchange.
For traders interested in cryptocurrency, both Saxo and Moneta Markets provide options to trade cryptocurrency derivatives, although neither platform supports purchasing the actual cryptocurrency for delivery. In the area of copy trading, both brokers offer this service, enabling investors to follow and replicate the strategies of successful traders. Saxo is highly rated for its range of investments, boasting a five-star rating and securing the third position out of 62 brokers according to ForexBrokers.com. In contrast, Moneta Markets holds a four-star rating and ranks 35th, indicating Saxo's stronger appeal to those seeking a diverse investment portfolio.
| Feature |
Saxo
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 1016 |
| Forex Pairs (Total) | 190 | 54 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | 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.
When comparing the trading platforms and tools offered by Saxo and Moneta Markets, both provide free demo accounts for simulated trading, allowing users to practice without financial risk. Saxo stands out with its proprietary platform, which is developed in-house, providing a unique trading experience. In contrast, Moneta Markets supports popular third-party platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), appealing to traders familiar with these interfaces. Both brokers offer web-based and downloadable desktop platforms, with options for trading directly from stock charts and engaging in copy trading. However, Moneta Markets additionally integrates ZuluTrade for expanded trading capabilities.
Saxo excels with its extensive watch list feature, providing 60 customizable columns for detailed market monitoring, a feature in which Moneta Markets lags with only 4 columns available. Although Saxo does not support MT4 or MT5 like Moneta Markets, it compensates with advanced tools, offering 20 drawing tools for charting, compared to Moneta Markets’ 78. Rated 5 stars in the trading platforms and tools category and ranked first out of 62 brokers by ForexBrokers.com, Saxo is particularly praised for its comprehensive offerings. Moneta Markets, while still strong with a rating of 4 stars, falls to 33rd place, making Saxo the preferred choice for traders seeking an all-encompassing platform experience.
| Feature |
Saxo
|
Moneta Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | 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 | 60 | 4 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Saxo and Moneta Markets both offer mobile trading apps compatible with iPhone and Android, enabling users to manage their investments seamlessly on the go. Both platforms shine with features like stock or forex price alerts, and watchlist symbol syncing, which keeps your mobile and online accounts updated concurrently. Traders can also enjoy customizing their experience with features like trendline drawing, multiple chart time frames, and the convenient auto-save for chart annotations. Both apps also support creating watchlists with real-time quotes, enhancing the monitoring and decision-making process for traders.
Where these platforms diverge is in their charting tools and overall app ratings. Saxo offers an impressive 64 technical studies for charting enthusiasts, while Moneta Markets provides 30. This difference in technical features might influence the choice of more advanced traders. Moreover, Saxo's app garners a stellar five-star rating, placing it as the second-best option out of 62 brokers according to ForexBrokers.com. On the other hand, Moneta Markets holds a respectable four-star rating, positioned at #35. This variance in ratings underscores Saxo's ability to deliver a more comprehensive mobile trading experience for its users.
| Feature |
Saxo
|
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 it comes to market research, both Saxo and Moneta Markets offer daily market commentary and provide forex news from leading sources like Bloomberg and Reuters. However, if you’re looking for specific tools, Saxo incorporates research tools from Autochartist, while Moneta Markets does not. On the flip side, Moneta Markets provides resources from Trading Central, a feature that Saxo lacks. Both brokers have sentiment-based trading tools and economic calendars to keep traders updated on global news events, but neither offers services from TipRanks or Acuity Trading.
Saxo stands out with a top-notch research rating of 5 stars, securing the number-one spot out of 62 brokers evaluated by ForexBrokers.com. Moneta Markets, with a commendable 4-star rating, comes in at 32nd place in the same category. This suggests that while both brokers offer plenty of useful resources, Saxo's extensive research capabilities might appeal more to traders looking for a fully comprehensive market analysis experience.
| Feature |
Saxo
|
Moneta Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners at Saxo and Moneta Markets, both platforms provide a solid number of educational pieces such as articles and videos specifically focused on forex and CFDs. Saxo, however, stands out with its monthly educational webinars and a searchable archive of past sessions, which Moneta Markets does not offer. This feature allows users to access a wealth of recorded content on demand, making it a more flexible learning option for those who can't always attend live events. Both brokers offer an extensive selection of beginner and advanced trading videos, ensuring that traders of all experience levels can find valuable learning materials.
In terms of additional resources, Saxo sets itself apart by offering an investor dictionary with over 50 defined terms, helping newcomers to familiarize themselves with key investing concepts. This contrasts with Moneta Markets, which lacks this specific educational aid. Consequently, Saxo earns a higher rating and rank for its educational offerings, achieving 5 stars and a #13 ranking by ForexBrokers.com, compared to Moneta Markets' 4 stars and #33 ranking. For beginners keen on comprehensive educational support, Saxo may provide a more complete package with its diverse range of learning materials and support structures, making it a strong choice for those starting their trading journey.
| Feature |
Saxo
|
Moneta Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Saxo is better than Moneta Markets. Saxo finished with an overall rank of #3, while Moneta Markets finished with an overall rank of #35.
Saxo is an exclusive multi-asset broker with brilliant research and a superb trading platform experience – as well as a stunning selection of over 40,000 securities.
| Feature |
Saxo
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Moneta Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 72 |
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Both Saxo and Moneta Markets do not allow the purchase of actual delivered cryptocurrencies, but they do offer the ability to buy cryptocurrency derivatives.
Both Saxo and Moneta Markets offer Visa, Mastercard, and bank wire options for depositing and withdrawing account funds, but neither platform supports ACH, SEPA, PayPal, or Skrill transfers.
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 | Saxo | Moneta Markets | |
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| Trust Score | 99 | 72 | |
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| Review | Saxo Review | Moneta Markets Review |
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| Regulation | Saxo | Moneta Markets | |
|---|---|---|---|
| Trust Score | 99 | 72 | |
| Year Founded | 1992 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Saxo | Moneta Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Saxo | Moneta Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Saxo | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 1016 | |
| Forex Pairs (Total) | 190 | 54 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | Saxo | Moneta Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | 1.38 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.79 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Saxo | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | Saxo | Moneta Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Saxo | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 60 | 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 | Saxo | 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 | Saxo | Moneta Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | Moneta Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Saxo | 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 | Saxo Review | Moneta Markets Review |
| Overall | Saxo | Moneta Markets | |
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| Trust Score | 99 | 72 | |
| Winner | check_circle | ||
| Review | Saxo Review | Moneta Markets Review |
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