Written by ForexBrokers.com
In this head to head comparison of ThinkMarkets vs Moneta Markets, 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.
ThinkMarkets and Moneta Markets are both reputable online brokers, though they differ significantly in their regulatory standings. Founded in 2010, ThinkMarkets holds five Tier-1 licenses, reflecting its commitment to high trust with a remarkable Trust Score of 92 out of 99. Meanwhile, Moneta Markets, established in 2009, has one Tier-1 license and secures a Trust Score of 72, categorizing it as average risk. Neither broker is publicly traded or operates as a bank.
ThinkMarkets, with its five Tier-1 licenses and two Tier-2 licenses, demonstrates a strong foundation in terms of trust and regulation. In contrast, Moneta Markets holds one Tier-1 and one Tier-2 license, suggesting a more moderate level of security and oversight. This comparison highlights ThinkMarkets as the more highly trusted broker based on regulatory holdings and Trust Score ratings from ForexBrokers.com.
| Feature |
ThinkMarkets
|
Moneta Markets
|
|---|---|---|
| Year Founded | 2010 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 5 | 1 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When comparing the commissions and fees of online brokers ThinkMarkets and Moneta Markets, you'll find differing approaches to pricing. Although specific average spread data for ThinkMarkets is not available, it has earned a commendable star rating of 4 out of 5 in this category. Unfortunately, its overall rank is #48 out of 62 brokers according to ForexBrokers.com, which suggests room for improvement in its fee structure.
Moneta Markets offers a more detailed fee structure with three distinct account options: the commission-free Direct STP account and two commission-based options, the Moneta Prime ECN and Ultra ECN accounts. The Direct STP account provides spreads averaging 1.38 pips for EUR/USD in August 2023, while the Prime ECN account has tighter spreads at 0.194 pips for the same pair and a commission leading to an all-in cost of about 0.79 pips. For traders with larger capital, the Ultra ECN account is attractive with a low commission of $2 per round-turn lot, though it requires a significant deposit of $20,000. Despite these options, Moneta Markets' fees aren't as competitive as other top-tier forex brokers, but it still achieves a superior rating of 4.5 out of 5 stars and a ranking of #16 out of 62 brokers for commissions and fees by ForexBrokers.com.
| Feature |
ThinkMarkets
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | $50 | $50 |
| Average Spread EUR/USD - Standard | 1.1 | 1.38 |
| All-in Cost EUR/USD - Active | N/A | 0.79 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
ThinkMarkets and Moneta Markets both cater to traders interested in forex, providing the ability to trade currencies as CFDs or spot contracts. ThinkMarkets impresses with a large variety of 4,000 tradeable symbols available, including 46 forex pairs, while Moneta Markets offers a respectable lineup of 1,016 tradeable symbols, featuring slightly more forex pairs at 54. Despite this, neither platform provides exchange-traded securities on U.S. exchanges, meaning direct purchases like Apple shares are off the table. However, ThinkMarkets does allow access to international exchanges, letting users invest in companies such as Vodafone, a feature that Moneta Markets lacks.
Both brokers support the modern trend of copy trading, appealing to those who wish to emulate more experienced traders. Additionally, they offer cryptocurrency derivatives, although neither allows the purchase of actual cryptocurrencies. ThinkMarkets edges out Moneta Markets with a slightly higher rating of 4.5 stars for the range of investments compared to Moneta Markets' 4 stars. In the ForexBrokers.com ranking for range of investments, ThinkMarkets stands at #21, ahead of Moneta Markets, which is positioned at #35. These distinctions might assist traders in making an informed choice based on potential market opportunities.
| Feature |
ThinkMarkets
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4000 | 1016 |
| Forex Pairs (Total) | 46 | 54 |
| U.S. Stock Trading (Non CFD) | No | 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.
ThinkMarkets and Moneta Markets both offer useful trading tools and platforms but vary in several key areas. Both brokers provide simulated trading through virtual demo accounts, which is ideal for beginners who want to practice without financial risk. While both support the widely-used MetaTrader 4 and MetaTrader 5 platforms, ThinkMarkets additionally boasts a proprietary platform, giving users a unique trading experience developed in-house. Each broker provides downloadable desktop platforms for Windows, as well as web-based trading options for browser access. ThinkMarkets and Moneta Markets cater to traders interested in social trading by offering copy trading, although Moneta Markets takes it a step further with ZuluTrade integration, whereas ThinkMarkets does not support this feature.
Technical analysis is a focus for both brokers, yet Moneta Markets leads in drawing tools, providing 78 compared to ThinkMarkets' 15. Traders with ThinkMarkets benefit from advanced chart trading and comprehensive 15-column watch lists, while Moneta Markets offers a simpler, 4-column watch list approach. Both brokers hold a solid 4-star rating for their trading platforms and tools, but ThinkMarkets comes in at #27 among 62 brokers on ForexBrokers.com, slightly ahead of Moneta Markets, which ranks #33. Ultimately, the choice between these brokers may come down to a preference for proprietary software and more detailed watch lists with ThinkMarkets or a broader range of drawing tools and ZuluTrade access with Moneta Markets.
| Feature |
ThinkMarkets
|
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) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 30 | 105 |
| Charting - Drawing Tools (Total) | 15 | 78 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 15 | 4 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both ThinkMarkets and Moneta Markets provide mobile trading apps compatible with iPhone and Android, featuring crucial functions like stock and forex price alerts and the ability to draw trendlines on charts. While both platforms allow access to multiple time frames and auto-save drawing capabilities, they differ in one key area: ThinkMarkets lacks watchlist symbol syncing between its mobile app and online account, whereas Moneta Markets includes this feature. However, ThinkMarkets offers a more expansive range of technical studies, with 94 available options compared to Moneta Markets' 30, which could be a deciding factor for traders who rely on detailed charting.
Both apps enable users to create watchlists with real-time quotes and offer comparable four-star ratings for mobile trading. Despite these similarities, ThinkMarkets holds a higher ranking by ForexBrokers.com, standing at #20 out of 62 brokers, whereas Moneta Markets is positioned at #35. Ultimately, even though both brokers offer a suite of features, ThinkMarkets slightly edges out Moneta Markets with its broader charting capabilities and higher industry ranking.
| Feature |
ThinkMarkets
|
Moneta Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 94 | 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.
Both ThinkMarkets and Moneta Markets provide daily market commentary and access to forex news from prominent sources like Bloomberg and Reuters. However, when it comes to research tools, there are some differences. ThinkMarkets offers tools from Acuity Trading, such as Signal Centre, whereas Moneta Markets does not. On the other hand, Moneta Markets benefits from Trading Central's technical analysis tools, which ThinkMarkets lacks. Both platforms provide a sentiment-based trading tool and an economic calendar to help traders stay informed about global events.
Despite offering different research tools, Moneta Markets tends to stand out with a 4-star rating for research, compared to ThinkMarkets' 3.5-star rating. In the ForexBrokers.com rankings, Moneta Markets is placed at #32 out of 62 brokers in the Research category, while ThinkMarkets is ranked at #50. This suggests that, overall, Moneta Markets may offer a slightly more comprehensive research experience to its users.
| Feature |
ThinkMarkets
|
Moneta Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
ThinkMarkets and Moneta Markets both provide a solid selection of educational resources for beginners interested in forex and CFDs trading. Both brokers have over 10 educational pieces like articles, videos, and archived webinars focused on these markets, making it easy for new traders to access a wealth of information. While both brokers offer a variety of beginner and advanced educational videos, ThinkMarkets stands out by offering monthly live webinars and a searchable archive of previously recorded sessions, features that Moneta Markets doesn't provide. Additionally, ThinkMarkets includes an investor dictionary with over 50 investing terms for added learning, which is not available with Moneta Markets.
Despite these offerings, ThinkMarkets is rated 3.5 stars for education compared to Moneta Markets' 4-star rating. Furthermore, when ranked by ForexBrokers.com among 62 brokers, ThinkMarkets sits at #52, while Moneta Markets holds the #33 spot in the Education category. This suggests that while ThinkMarkets offers more interactive resources like webinars, Moneta Markets might be perceived as having a more comprehensive educational package overall.
| Feature |
ThinkMarkets
|
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 ThinkMarkets is better than Moneta Markets. ThinkMarkets finished with an overall rank of #27, while Moneta Markets finished with an overall rank of #35.
ThinkMarkets has multiple regulatory license and offers a proprietary trading platform, as well as the entire MetaTrader suite. The broker has made progress in key areas, such as research and education, and the range of markets available, although trails behind the best brokers in these categories.
| Feature |
ThinkMarkets
|
Moneta Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 92 | 72 |
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Both ThinkMarkets and Moneta Markets do not offer the ability to purchase actual delivered cryptocurrency, but they both provide options for trading cryptocurrency derivatives.
When comparing online brokers ThinkMarkets and Moneta Markets, neither offers ACH or SEPA transfers nor PayPal for account transactions; however, both support Visa, Mastercard, and bank wire options, with ThinkMarkets additionally providing Skrill while Moneta Markets does not.
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 | ThinkMarkets | Moneta Markets | |
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| Trust Score | 92 | 72 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
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| Regulation | ThinkMarkets | Moneta Markets | |
|---|---|---|---|
| Trust Score | 92 | 72 | |
| Year Founded | 2010 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 5 | 1 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | ThinkMarkets | Moneta Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | ThinkMarkets | Moneta Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | ThinkMarkets | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4000 | 1016 | |
| Forex Pairs (Total) | 46 | 54 | |
| U.S. Stock Trading (Non CFD) | No | 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 | ThinkMarkets | Moneta Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | 1.38 | |
| All-in Cost EUR/USD - Active | N/A | 0.79 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | ThinkMarkets | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | $50 | $50 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | ThinkMarkets | Moneta Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | 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 | No | Yes |
| Trading Tools | ThinkMarkets | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 15 | 4 | |
| Charting - Indicators / Studies (Total) | 30 | 105 | |
| Charting - Drawing Tools (Total) | 15 | 78 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | ThinkMarkets | Moneta Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 94 | 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 | ThinkMarkets | Moneta Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | ThinkMarkets | 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 | ThinkMarkets | 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 | Moneta Markets Review |
| Overall | ThinkMarkets | Moneta Markets | |
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| Trust Score | 92 | 72 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
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