Written by ForexBrokers.com
In this head to head comparison of Moneta Markets vs Spreadex, 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, founded in 2009, and Spreadex, established in 1999, are both online brokers with comparable regulatory standings. Neither company is publicly traded nor operates as a bank, which might be a consideration for those prioritizing these aspects in their trading partners. In terms of regulations, both brokers hold one Tier-1 license, indicating they are recognized as highly trusted. Additionally, Moneta Markets holds one Tier-2 license, classified as trusted, whereas Spreadex does not hold any Tier-2 licenses.
When it comes to trust scores, Moneta Markets has received a slightly higher rating from ForexBrokers.com, scoring 72 out of 99, which places it in the average risk category. Spreadex is close behind, with a trust score of 71, also falling into the average risk bracket. While both offer a similar level of trust, these details might be key for traders assessing the available regulatory protections in their decision-making process.
| Feature |
Moneta Markets
|
Spreadex
|
|---|---|---|
| Year Founded | 2009 | 1999 |
| 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 | 0 |
When comparing the commissions and fees of Moneta Markets and Spreadex, traders will find that both brokers offer distinct advantages depending on their trading preferences. Moneta Markets offers three types of accounts: the commission-free Direct STP account, and the commission-based Prime ECN and Ultra ECN accounts. The Direct STP account has a higher spread, averaging 1.38 pips for EUR/USD pair in August 2023. Meanwhile, the Prime ECN account features a lower average spread of 0.194 pips with an added commission of $6 per round-trip standard lot, resulting in a total cost of approximately 0.79 pips, edging slightly below the industry average. The Ultra ECN account offers even tighter spreads and a reduced commission of $2 round-trip, but requires a substantial $20,000 deposit.
Spreadex, on the other hand, simplifies its fee structure by offering a spread-only account, boasting an average spread of 0.81 pips for the EUR/USD pair in January 2024. Notably, the minimum spread reached as low as 0.6 pips 60% of the time during the month, making it a competitive option for traders who prefer not to contend with extra commission charges.
In terms of ratings, Moneta Markets received an impressive 4.5-star rating for commissions and fees, ranking #16 out of 62 brokers according to ForexBrokers.com. Spreadex follows closely with a 4-star rating in the same category, ranked at #30. Ultimately, traders must weigh the benefits of lower spreads and potential commissions against their deposit capabilities and trading volume preferences when deciding between these two brokers.
| Feature |
Moneta Markets
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $50 | $0 |
| Average Spread EUR/USD - Standard | 1.38 | 0.81 |
| 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 | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When looking at online brokers Moneta Markets and Spreadex, both provide forex trading as CFDs or spot contracts, making them accessible to those interested in currency markets. Moneta Markets offers a total of 1016 tradeable symbols, including 54 forex pairs. Spreadex, on the other hand, boasts a much larger selection of 10,000 tradeable symbols, with 52 forex pairs available. Neither broker provides options for trading actual exchange-traded securities on U.S. or international exchanges such as buying shares of Apple or Vodafone directly. While Moneta Markets does offer copy trading, a feature that allows users to emulate the trades of experienced traders, Spreadex does not include this option in their platform.
For cryptocurrency enthusiasts, both brokers offer cryptocurrency derivatives, though not the actual delivery of cryptocurrencies themselves. This allows for speculation on price movements without owning the digital assets directly. In terms of overall range of investments, Moneta Markets earns a rating of 4 stars, ranking them 35th out of 62 brokers according to ForexBrokers.com. Meanwhile, Spreadex is rated higher with 5 stars, securing the 13th spot. This comparison indicates that while Moneta Markets is competitive, Spreadex offers a somewhat broader range of tradeable assets, which may appeal to investors seeking diverse opportunities.
| Feature |
Moneta Markets
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 10000 |
| Forex Pairs (Total) | 54 | 52 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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 Moneta Markets to Spreadex, several key differences and similarities in their trading platforms and tools come into focus. Moneta Markets provides users with the flexibility of simulated trading through a free virtual demo account, a feature Spreadex does not offer. Furthermore, Moneta Markets aligns with industry standards by supporting MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as enabling copy trading and ZuluTrade support—capabilities that are absent in Spreadex's offerings. While Moneta Markets lacks a proprietary platform, it compensates with a Windows-based desktop download option, a feature unavailable with Spreadex. Both brokers, however, do offer web-based (browser) trading platforms, and allow trading directly from stock charts, providing a convenient trading experience.
For traders seeking advanced technical analysis tools, Moneta Markets stands out with 78 drawing tools compared to Spreadex's 11. Additionally, Moneta Markets's watch lists include 4 columns, but Spreadex offers more detail with 8 columns. Despite Moneta Markets's greater range of tools, both brokers receive a solid 4-star rating for their trading platforms and tools. When it comes to overall rankings by ForexBrokers.com, Moneta Markets fares better, holding position 33 out of 62 brokers, whereas Spreadex is ranked 46. These differences highlight Moneta Markets's emphasis on creating a comprehensive and versatile trading environment, whereas Spreadex focuses on simplicity with its in-house developed proprietary platform.
| Feature |
Moneta Markets
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 105 | 55 |
| Charting - Drawing Tools (Total) | 78 | 11 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 4 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Moneta Markets and Spreadex, both platforms offer applications for iPhone and Android users, ensuring accessibility for traders on the go. Each app provides stock and forex price alerts, which is a convenient feature for staying updated on market movements. Both platforms also support drawing trendlines on charts and allow viewing multiple time frames like daily, weekly, or intraday, catering to in-depth technical analysis.
Moneta Markets takes a slight edge with its watchlist symbol syncing, allowing users to seamlessly sync changes between the mobile app and their online account, a feature that Spreadex lacks. Furthermore, Moneta Markets outfit its app with 30 technical studies for charting and auto-saves drawing updates, features not offered by Spreadex. Despite these differences, both platforms allow users to create watchlists with real-time quotes. In terms of user ratings, both apps receive a solid 4-star rating, but Moneta Markets ranks higher at #35 out of 62 brokers for mobile trading apps according to ForexBrokers.com, while Spreadex is positioned at #49.
| Feature |
Moneta Markets
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both Moneta Markets and Spreadex provide a comprehensive approach to market research by offering daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. While neither platform provides technical analysis tools from Autochartist, Moneta Markets has a slight edge with access to Trading Central’s analytics, which Spreadex doesn’t offer. Both brokers include sentiment-based trading tools for viewing long and short position ratios and have economic calendars to track global news events. However, neither makes use of research tools from TipRanks or Acuity Trading.
When considering overall research ratings, both Moneta Markets and Spreadex hold a four-star rating. According to ForexBrokers.com, Spreadex ranks slightly higher at 31st place, while Moneta Markets follows closely at 32nd out of 62 brokers. This subtle difference may appeal to investors depending on which platform’s unique offerings and research capabilities align better with their trading strategies.
| Feature |
Moneta Markets
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| 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 it comes to educational resources for beginners, both Moneta Markets and Spreadex provide valuable content for those looking to learn more about forex and CFDs. Moneta Markets and Spreadex both offer comprehensive education with over ten educational pieces, including articles, videos, and archived webinars on forex and CFDs. Both platforms cater to beginners by providing at least ten educational videos on trading topics specifically designed for those just starting. However, neither Moneta Markets nor Spreadex hosts monthly webinars or archives them for later viewing.
In terms of depth in educational material, Moneta Markets holds an advantage with its collection of advanced education videos for experienced traders, something Spreadex does not offer. While Spreadex compensates by providing an investor dictionary with more than 50 investing terms, this feature is absent in Moneta Markets. Despite these differences, both platforms share an equal education rating of 4 stars, though Moneta Markets ranks higher at #33 compared to Spreadex's #45 position among 62 brokers. This nuanced mix of offerings shows how each broker can meet different educational needs for beginner traders.
| Feature |
Moneta Markets
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| 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 Spreadex. Moneta Markets finished with an overall rank of #35, while Spreadex finished with an overall rank of #39.
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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Spreadex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 72 | 71 |
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Both Moneta Markets and Spreadex do not offer the ability to purchase actual delivered cryptocurrency, focusing instead on providing cryptocurrency derivatives to their clients.
Both Moneta Markets and Spreadex do not offer ACH, SEPA, PayPal, or Skrill as options for depositing or withdrawing account funds, but they do provide Visa, Mastercard, and bank wire options.
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 | Spreadex | |
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| Trust Score | 72 | 71 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | Spreadex Review |
| Broker Screenshots | Moneta Markets | Spreadex | |
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| Regulation | Moneta Markets | Spreadex | |
|---|---|---|---|
| Trust Score | 72 | 71 | |
| Year Founded | 2009 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Moneta Markets | Spreadex | |
|---|---|---|---|
| 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 | Yes | |
| 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) | Moneta Markets | Spreadex | |
|---|---|---|---|
| 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 | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1016 | 10000 | |
| Forex Pairs (Total) | 54 | 52 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.38 | 0.81 | |
| 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 | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Moneta Markets | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $50 | $0 | |
| 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 | Moneta Markets | Spreadex | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | Moneta Markets | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 4 | 8 | |
| Charting - Indicators / Studies (Total) | 105 | 55 | |
| Charting - Drawing Tools (Total) | 78 | 11 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Moneta Markets | Spreadex | |
|---|---|---|---|
| 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 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Moneta Markets | Spreadex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Moneta Markets | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Moneta Markets | Spreadex | |
|---|---|---|---|
| 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 | Spreadex Review |
| Overall | Moneta Markets | Spreadex | |
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| Trust Score | 72 | 71 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | Spreadex Review |
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