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 |
Moneta Markets offers a variable pricing structure based on its three distinct account types: Direct STP, Prime ECN, and Ultra ECN. The Direct STP account is commission-free but has higher spreads, with an average of 1.38 pips for the EUR/USD pair in August 2023. In contrast, the Prime ECN account charges a commission of $6 per round-trip standard lot with an average spread of 0.194 pips. This leads to a competitive all-in cost of approximately 0.79 pips, which is just below the industry average. The Ultra ECN account requires a $20,000 deposit but offers even tighter spreads and a lower commission fee of $2 per round-trip, making it an attractive option for high-volume traders. Moneta Markets boasts a 4.5-star rating for commissions and fees and is ranked 16th out of 62 brokers by ForexBrokers.com.
Spreadex, on the other hand, employs a spread-based fee structure without charging outright commissions. For January 2024, the average spread for the EUR/USD pair was 0.81 pips, with a minimum spread of 0.6 pips achieved 60% of the time. This straightforward fee approach appeals to traders who prefer not to deal with commission complexities, although the overall cost may not be as competitive for some. Spreadex holds a 4-star rating for commissions and fees and stands at the 27th position among the 62 brokers evaluated by ForexBrokers.com.
In comparing both brokers, Moneta Markets offers more account variety and potentially lower trading costs for those willing to commit to higher deposits, all while earning a slightly higher rating and ranking than Spreadex. Spreadex provides a simpler fee structure but may not offer the same level of cost competitiveness to seasoned forex traders. Deciding between these brokers depends on your trading strategy, deposit capability, and preference for either spread-based or commission-based pricing.
| 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 and Spreadex on their trading platforms and tools, both brokers offer a free virtual demo account, allowing traders to practice without financial risk. Moneta Markets doesn't have a proprietary platform, but it provides access to popular platforms like MetaTrader 4 and MetaTrader 5, both favored for their comprehensive tools. Additionally, Moneta Markets supports Windows-based platforms, a feature Spreadex lacks, which might appeal to traders who prefer desktop trading. Both brokers offer web-based trading platforms, but Moneta Markets also includes the option for copy trading and integration with ZuluTrade, enhancing social trading capabilities—features not available with Spreadex.
Spreadex, however, stands out with its proprietary platform, which might appeal to those who prefer a tailored trading experience. While Moneta Markets offers a total of 78 drawing tools for charting compared to Spreadex’s 11, Spreadex compensates with more detailed watch list options, providing eight columns to Moneta Markets’ four. Both brokers allow trades directly from stock charts, which facilitates a seamless trading experience. Ultimately, both Moneta Markets and Spreadex receive similar ratings of four stars for their trading platforms and tools. However, Moneta Markets is ranked higher (#33) compared to Spreadex (#46) by ForexBrokers.com in this category.
| Feature |
Moneta Markets
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| 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 | 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.
When comparing the mobile trading apps of Moneta Markets and Spreadex, both platforms shine with offerings for iPhone and Android users, catering to traders on the go. They both provide key features such as price alerts, allowing traders to stay informed on stock and forex developments. However, Moneta Markets takes the lead when it comes to syncing watchlists between mobile apps and online accounts, a feature not available with Spreadex. This means any tweaks made on Moneta Markets, whether on your phone or computer, are automatically up to date everywhere.
Charting capabilities in Moneta Markets' mobile app are more expansive, offering 30 technical studies, whereas Spreadex does not specify this feature. Additionally, Moneta Markets auto-saves chart drawings, offering a convenient touch for traders, a feature Spreadex overlooks. Although both platforms enable traders to draw trendlines and view multiple time frames, Moneta’s robust usability earns them a slightly higher ranking by ForexBrokers.com, placing them at #36 compared to Spreadex's #46. Both pack a punch with real-time quotes in their watchlists and maintain a solid four-star rating, making them valuable options for traders on mobile devices.
| 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.
Moneta Markets and Spreadex both provide impressive market research offerings, each featuring daily market commentary and forex news from premier sources like Bloomberg, Reuters, and Dow Jones. They both offer sentiment-based trading tools, highlighting the balance of long and short positions across various instruments. Each platform ensures that traders stay informed with an economic calendar that tracks global news events. Nevertheless, their approach differs in technical analysis tools; Moneta Markets incorporates Trading Central, while Spreadex utilizes Autochartist tools.
Neither broker provides research tools from TipRanks or Acuity Trading. Their research ratings are on par, with both scoring four stars out of five. When assessed by ForexBrokers.com, Moneta Markets ranks 32nd, just one spot behind Spreadex, which sits in 31st place out of 62 brokers. This slight ranking difference suggests they offer similar value for traders in search of robust market insights and research functionalities.
| Feature |
Moneta Markets
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| 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 | 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 | 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 | Yes | |
| 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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