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, established in 2009, and Spreadex, founded in 1999, are two notable online brokers. Neither company is publicly traded or operates as a bank. Both brokers share the same Trust Score of 71 as per ForexBrokers.com, placing them in the category of average risk. This rating reflects how they are perceived in terms of safety and reliability among traders.
Regarding regulatory credentials, Moneta Markets holds one Tier-2 license, indicating a trusted status, while Spreadex holds a more prestigious Tier-1 license, which is considered highly trusted. However, Spreadex does not possess any Tier-2 licenses, whereas Moneta Markets’ Tier-2 license signifies its committed regulatory compliance. These licensing details offer a snapshot of their regulatory standing and can guide potential users in choosing the broker that aligns with their priorities.
| Feature |
Moneta Markets
|
Spreadex
|
|---|---|---|
| Year Founded | 2009 | 1999 |
| Publicly Traded (Listed) | ||
| Bank | ||
| Tier-1 Licenses | 0 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When evaluating Moneta Markets and Spreadex for commissions and fees, traders will find that each broker offers distinct advantages. Moneta Markets provides three account types: the Direct STP, Prime ECN, and Ultra ECN. While the Direct STP account is commission-free, it has pricier spreads, averaging 1.38 pips for the EUR/USD pair in August 2023. The Prime ECN account offers lower spreads at an average of 0.194 pips, with an additional commission of $6 per round-trip standard lot, making it a slightly more cost-effective choice for active traders. The Ultra ECN account offers the most competitive pricing but requires a significant deposit of $20,000, with commissions at $2 per round-turn lot and even tighter spreads. While Moneta Markets earns a commendable 4.5-star rating for its pricing, it ranks 16th among 63 brokers.
On the other hand, Spreadex focuses on simplicity, offering spread-only pricing. For the EUR/USD pair, Spreadex maintains an average spread of 0.81 pips as of January 2024, with spreads dropping to 0.6 pips 60% of the time. While not as varied as Moneta Markets, Spreadex’s streamlined approach appeals to traders looking for straightforward pricing without dealing with commission structures. Featuring a 4-star rating in this category, Spreadex ranks 27th out of 63 brokers.
In summary, Moneta Markets stands out with its range of accounts tailored for traders seeking low spread and commission combinations, particularly for those able to meet higher deposit requirements. Spreadex, meanwhile, offers a straightforward, spread-only model appealing to traders who prefer simplicity. Moneta Markets' slightly higher star rating and industry ranking suggest it offers a competitive edge in commissions and fees, primarily through its Prime and Ultra ECN accounts.
| 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 | ||
| ACH or SEPA Transfers | ||
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | ||
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Moneta Markets offers a comprehensive selection for those interested in trading currencies, with 45 forex pairs available as either CFDs or spot contracts. On the broader landscape, Moneta Markets presents traders with 1,016 different symbols to choose from, as well as the option for copy trading to potentially enhance strategies. Though they don't provide exchange-traded securities on U.S. or international exchanges, they do allow for the trading of cryptocurrency derivatives—an option for enthusiasts of digital currencies. Rated 4 stars for its range of investments, Moneta Markets holds a mid-range position at #35 out of 63 brokers according to ForexBrokers.com.
Spreadex stands out with an impressive offering of 10,000 trading symbols, including 52 forex pairs available through CFDs or spot contracts. Despite not offering direct exchange-traded securities on U.S. or international exchanges, Spreadex lets users delve into cryptocurrency derivatives. While not supporting copy trading, Spreadex’s expansive range has earned it a 5-star rating and an admirable #13 ranking within a field of 63 brokers for its range of investments, showcasing its appeal to a wide range of traders.
| Feature |
Moneta Markets
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 10000 |
| Forex Pairs (Total) | 45 | 52 |
| U.S. Stock Trading (Non CFD) | ||
| Int'l Stock Trading (Non CFD) | ||
| Social Trading / Copy Trading | Yes | |
| Cryptocurrency (Physical) | ||
| 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 considering trading platforms and tools, both Moneta Markets and Spreadex offer distinct features that cater to varied trading preferences. Moneta Markets provides a comprehensive suite, including both the popular MetaTrader 4 and MetaTrader 5 platforms, complemented by a proprietary Windows desktop application and a browser-based option for easy access. Its strength lies in its trading tools, with 78 drawing tools available for charting, and the provision of copy trading and DupliTrade for those interested in following successful traders' footprints. Additionally, Moneta Markets offers simulated trading through virtual demo accounts, allowing traders to practice without risking real capital.
In contrast, Spreadex focuses on its proprietary trading platform, appealing to those who appreciate a tailored user experience. It offers web-based trading, enabling easy accessibility from various devices. With 11 drawing tools, traders can analyze and anticipate market movements, and the eight columns available in its watchlists provide a robust overview for monitoring preferred assets. Both brokers enable direct trading from stock charts, ensuring swift and efficient trades. Although both brokers are evenly rated at four stars for trading platforms and tools, Moneta Markets is ranked higher than Spreadex, 33rd compared to 46th respectively, by ForexBrokers.com within a pool of 63 brokers.
| Feature |
Moneta Markets
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | |
| Desktop Platform (Windows) | Yes | |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | |
| MetaTrader 4 (MT4) | Yes | |
| MetaTrader 5 (MT5) | Yes | |
| DupliTrade | Yes | |
| ZuluTrade | ||
| Charting - Indicators / Studies (Total) | 105 | 58 |
| 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.
Both Moneta Markets and Spreadex offer user-friendly mobile trading apps for iPhone and Android devices, making them accessible to a wide range of users. They both support stock or forex price alerts, and allow for the drawing of trendlines on charts. Moneta Markets, however, excels in offering 30 technical studies for charting, a feature not available with Spreadex. Furthermore, Moneta Markets supports watchlist symbol syncing, making it convenient for traders to manage their watchlists across devices, while Spreadex lacks this feature.
Both trading platforms allow users to view multiple time frames on charts and create watchlists with real-time quotes. However, only Moneta Markets' app auto-saves drawings, which could enhance the user experience by preserving work between sessions. While each provider is rated four stars for their mobile trading experience, Moneta Markets ranks higher at #35 compared to Spreadex at #46 according to ForexBrokers.com. This suggests Moneta Markets might be a more comprehensive choice for those seeking advanced charting capabilities and seamless synchronization.
| Feature |
Moneta Markets
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | |
| 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 | |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When considering Moneta Markets and Spreadex for market research capabilities, both platforms offer daily market commentary and provide forex news sourced from top-tier providers like Bloomberg and Reuters. They also feature a sentiment-based trading tool, showing the proportion of long versus short positions across various instruments, along with an economic calendar detailing important global news events. However, Moneta Markets distinguishes itself by incorporating tools from Trading Central, whereas Spreadex benefits from resources provided by Autochartist.
Despite their strengths, neither Moneta Markets nor Spreadex includes market research from TipRanks or Acuity Trading's Signal Centre. Both brokers receive a commendable four-star rating for research. Still, in the ForexBrokers.com ranking of 63 brokers, Spreadex holds a slight edge, securing the 31st position, just ahead of Moneta Markets at 32nd.
| Feature |
Moneta Markets
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | |
| Trading Central (Recognia) | Yes | |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | ||
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When evaluating online brokerages for their educational offerings tailored to beginners, both Moneta Markets and Spreadex provide substantial resources in forex and CFDs education. Each offers at least ten educational pieces, such as articles and videos, focusing on these topics. Both platforms also present a range of beginner instructional videos, ensuring newcomers have access to ample content to get started. However, Moneta Markets has a slight edge in providing advanced educational videos for more experienced traders, which Spreadex does not seem to offer. Both brokers supply an investor dictionary featuring over 50 investing terms, helping users better understand industry jargon.
Although they both earn a 4-star rating for education, Moneta Markets is positioned higher at #33 compared to Spreadex’s #45 in the education category according to ForexBrokers.com. Additionally, Moneta Markets stands out by offering a searchable archive of recorded client webinars, while information on Spreadex’s provision for such a feature wasn't available. Whether you're a beginner or an advanced trader, Moneta Markets appears to offer a slight advantage with a broader range of educational tools designed to cater to different levels of trading expertise.
| Feature |
Moneta Markets
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | ||
| Client Webinars (Archived) | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 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
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|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 71 |
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Moneta Markets and Spreadex both provide options to invest in cryptocurrency derivatives rather than actual cryptocurrencies, as neither broker offers the ability to buy delivered cryptocurrencies directly.
When comparing online brokers Moneta Markets and Spreadex, both provide the option to deposit or withdraw funds via Visa or Mastercard and bank wires, while neither currently offers ACH, SEPA, PayPal, or Skrill as deposit or withdrawal 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 | Spreadex | |
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| Trust Score | 71 | 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 | 71 | 71 | |
| Year Founded | 2009 | 1999 | |
| Publicly Traded (Listed) | |||
| Bank | |||
| Regulated in one or more EU or EEA countries (MiFID). | |||
| Tier-1 Licenses | 0 | 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) | |||
| Canada (CIRO Authorised) | |||
| Hong Kong (SFC Authorised) | |||
| Japan (SFC Authorised) | |||
| Singapore (MAS Authorised) | |||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | ||
| USA (CFTC Authorized) | |||
| New Zealand (FMA Authorised) | |||
| Regulated in one or more EU or EEA countries (MiFID). |
| Tier-2 Licenses (Trusted) | Moneta Markets | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | |||
| South Africa (FSCA Authorised) | Yes | ||
| UAE (DFSA/Central Bank Authorised) | |||
| India (SEBI Authorised) | |||
| Jordan (JSC Authorised) |
| Investments | Moneta Markets | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1016 | 10000 | |
| Forex Pairs (Total) | 45 | 52 | |
| U.S. Stock Trading (Non CFD) | |||
| Int'l Stock Trading (Non CFD) | |||
| Social Trading / Copy Trading | Yes | ||
| Cryptocurrency (Physical) | |||
| 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 | |||
| Inactivity Fee | |||
| Execution: Agency Broker | |||
| Execution: Market Maker | Yes | Yes |
| Funding | Moneta Markets | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $50 | $0 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers |
| Trading Platforms | Moneta Markets | Spreadex | |
|---|---|---|---|
| Proprietary Platform | Yes | ||
| Desktop Platform (Windows) | Yes | ||
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | ||
| MetaTrader 4 (MT4) | Yes | ||
| MetaTrader 5 (MT5) | Yes | ||
| cTrader | |||
| DupliTrade | Yes | ||
| ZuluTrade |
| Trading Tools | Moneta Markets | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 4 | 8 | |
| Charting - Indicators / Studies (Total) | 105 | 58 | |
| 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 | ||
| 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 | ||
| Mobile Economic Calendar | Yes | Yes |
| Research | Moneta Markets | Spreadex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | ||
| Trading Central (Recognia) | Yes | ||
| TipRanks | |||
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Moneta Markets | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | |||
| Client Webinars (Archived) | Yes | ||
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | ||
| Investor Dictionary (Glossary) | Yes | 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 | 71 | 71 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | Spreadex Review |
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