Written by ForexBrokers.com
In this head to head comparison of Moneta Markets vs TMGM, 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 and TMGM are both well-known online brokers, yet they differ in their regulatory standings and trustworthiness ratings. Moneta Markets, established in 2009, holds one Tier-1 license and one Tier-2 license, reflecting a balanced but cautious regulatory environment. With a Trust Score rating of 72 out of 99 according to ForexBrokers.com, Moneta Markets is categorized as carrying an average risk. It is important to note that this broker is not publicly traded and functions independently of any banking operations.
In comparison, TMGM, which began operations in 2013, boasts a stronger regulatory presence with two Tier-1 licenses, enhancing its credibility. This is echoed in its higher Trust Score of 83, suggesting a trusted standing in the online brokerage sector. Like Moneta Markets, TMGM is not publicly traded and does not operate as a bank. Overall, for those prioritizing regulatory approvals and trust ratings, TMGM presents a more secure option.
| Feature |
Moneta Markets
|
TMGM
|
|---|---|---|
| Year Founded | 2009 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
Moneta Markets offers three account options with varying trading costs, each with its own appeal based on commission and spread preferences. The Direct STP account does not charge commissions but does have higher spreads, averaging 1.38 pips for EUR/USD in August 2023. For those who favor lower spreads with a commission, the Prime ECN account features a spread of 0.194 pips and a commission of $6 per round-trip standard lot, resulting in an all-in cost of about 0.79 pips, slightly below the industry norm. Moneta’s Ultra ECN account, though requiring a $20,000 deposit, offers a highly competitive commission rate of $2 per round-turn lot with even tighter spreads. Overall, Moneta Markets earns a commendable 4.5 out of 5 stars and ranks #16 out of 62 brokers for its commissions and fees.
On the other hand, TMGM provides competitive trading options with its Edge account, known for low spreads and a commission of $7 per round trip. Although specific spread data for EUR/USD was unavailable, TMGM is recognized for its cost-effective offerings. The Classic account offers a spread-only option for traders who prefer avoiding commissions, although it lacks the Islamic swap-free feature available in the Edge account. TMGM's commissions and fees earn it a rating of 4 stars, placing it at #36 out of 62 brokers, indicating room for improvement in transparency and competitiveness compared to leading forex brokers.
| Feature |
Moneta Markets
|
TMGM
|
|---|---|---|
| Minimum Deposit | $50 | $100 |
| Average Spread EUR/USD - Standard | 1.38 | N/A |
| 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 | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When exploring investment opportunities with Moneta Markets and TMGM, both brokers offer forex trading via CFDs or spot contracts, providing significant flexibility for investors. However, TMGM stands out with a broader spectrum of tradeable symbols, boasting 12,000 compared to Moneta Markets' 1,016. Additionally, TMGM provides access to 62 forex pairs, slightly more than the 54 pairs available with Moneta Markets. Both brokers also support copy trading and allow investments in cryptocurrency derivatives, although neither offers trading of exchange-traded securities on U.S. or international exchanges nor the purchase of actual cryptocurrencies.
In terms of industry recognition and user ratings, TMGM edges ahead with a 4.5-star rating for its range of investments, compared to Moneta Markets' 4 stars. This distinction is reflected in their rankings by ForexBrokers.com, where TMGM is placed at #17 out of 62 brokers, while Moneta Markets holds the #35 spot. These differences highlight TMGM's slightly larger and more diverse offering in investment options, making it a favorable choice for investors seeking a combination of trading variety and positive evaluations.
| Feature |
Moneta Markets
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 12000 |
| Forex Pairs (Total) | 54 | 62 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | 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 Moneta Markets and TMGM for trading platforms and tools, both brokers offer similar offerings that cater to a broad range of trading needs. Moneta Markets and TMGM both provide simulated trading through free virtual demo accounts, allowing traders to practice without financial risk. Neither broker has developed its proprietary platform, but both offer the widely-used MetaTrader 4 and MetaTrader 5 platforms. They each have Windows-based desktop applications and web-based trading platforms, ensuring flexibility for trading on different devices. Additionally, both brokers support copy trading, although Moneta Markets has an edge with ZuluTrade integration, a feature that TMGM lacks.
In terms of charting tools, Moneta Markets offers an extensive collection with 78 drawing tools available, compared to TMGM's 15. Both allow traders to execute trades directly from stock charts, enhancing trading efficiency. Moneta Markets provides four columns for watch lists, whereas TMGM offers a more detailed view with seven columns. Despite these differences, both brokers are rated four out of five stars for their trading platforms and tools. However, Moneta Markets ranks higher at #33, while TMGM is at #48 among 62 brokers in ForexBrokers.com's evaluations, indicating a slight preference for Moneta Markets in this category.
| Feature |
Moneta Markets
|
TMGM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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 | Yes | No |
| Charting - Indicators / Studies (Total) | 105 | 30 |
| Charting - Drawing Tools (Total) | 78 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 4 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Moneta Markets and TMGM, both platforms offer apps for iPhone and Android devices, ensuring users have easy access to trading on the go. Each app provides alerts for stock and forex prices, so traders can stay informed about market changes. Additionally, both brokers support a variety of charting features with 30 technical studies, letting users analyze market trends with in-depth detail. Users can view multiple time frames and draw trendlines on charts, enhancing their ability to make informed trading decisions. Both platforms also auto-save chart drawings for ease of use.
A key difference lies in the watchlist symbol syncing feature, which Moneta Markets offers while TMGM does not. This allows Moneta Markets' users a seamless experience as changes to watchlists made on either the mobile app or desktop automatically sync. In terms of user reviews, both apps have been rated four out of five stars, demonstrating solid user satisfaction. However, Moneta Markets ranks higher, positioned at #36 in ForexBrokers.com’s review of 62 brokers for mobile app trading, compared to TMGM's rank of #47. This distinction may offer insight into user preference for Moneta Markets when it comes to app functionality.
| Feature |
Moneta Markets
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 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 comparing Moneta Markets and TMGM for market research capabilities, both brokers provide daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. They equally offer research tools from Trading Central and sentiment-based trading tools showing ratios of long or short positions. Both brokers also provide an economic calendar that displays global news events, ensuring traders stay informed. However, neither broker offers technical analysis tools from Autochartist or market research from TipRanks.
A key difference is that TMGM offers additional research tools from Acuity Trading's Signal Centre, while Moneta Markets does not. Overall, Moneta Markets scores 4 out of 5 stars for research, ranking 32nd out of 62 brokers, which puts it ahead of TMGM's 3.5-star rating and 53rd position. This suggests that while both brokers provide strong research support, Moneta Markets holds a slight edge in overall research capabilities according to ForexBrokers.com rankings.
| Feature |
Moneta Markets
|
TMGM
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Moneta Markets provides a comprehensive educational resource for beginners interested in forex and CFD trading. They offer over ten educational pieces, including articles and videos, which are geared towards forex and CFD subjects, making it easier for new traders to grasp these concepts. In addition, beginners can access a set of over ten videos specifically designed to simplify trading topics. For more experienced traders, Moneta Markets has advanced educational videos that further enhance their trading knowledge. Although Moneta Markets does not provide live webinars or a searchable archive of past webinars, they maintain a strong focus on video content to support learning. Their dedication to educational resources is reflected in their 4-star rating and ranking as the 33rd broker out of 62 for education by ForexBrokers.com.
TMGM, while offering some educational support, does not match Moneta Markets in terms of beginner-friendly content. They fall short of providing the minimum number of educational articles or videos on forex and CFDs required for a comprehensive learning experience. TMGM, however, stands out by offering a searchable library of past webinars, which can be a helpful tool for learners looking for additional materials. Moreover, TMGM includes an investor dictionary that covers over 50 essential investing terms, which acts as a handy resource for understanding trading jargon. Despite these efforts, TMGM's educational offerings earn them a slightly lower rating of 3.5 stars and a ranking of 54th out of 62 on ForexBrokers.com for educational content.
| Feature |
Moneta Markets
|
TMGM
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| 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 TMGM. Moneta Markets finished with an overall rank of #35, while TMGM finished with an overall rank of #37.
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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TMGM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 72 | 83 |
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Both Moneta Markets and TMGM do not offer the option to buy actual, delivered cryptocurrency, but they do provide the ability to trade cryptocurrency derivatives.
When comparing online brokers Moneta Markets and TMGM, it's important to note that while both offer Visa, Mastercard, and bank wire options for depositing or withdrawing account funds, only TMGM provides additional flexibility with PayPal and Skrill, as neither broker supports ACH or SEPA 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 | Moneta Markets | TMGM | |
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| Trust Score | 72 | 83 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | TMGM Review |
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| Regulation | Moneta Markets | TMGM | |
|---|---|---|---|
| Trust Score | 72 | 83 | |
| Year Founded | 2009 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 1 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | Moneta Markets | TMGM | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| 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 | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | Moneta Markets | TMGM | |
|---|---|---|---|
| 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 | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1016 | 12000 | |
| Forex Pairs (Total) | 54 | 62 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | 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 | Moneta Markets | TMGM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.38 | N/A | |
| All-in Cost EUR/USD - Active | 0.79 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Moneta Markets | TMGM | |
|---|---|---|---|
| Minimum Deposit | $50 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Moneta Markets | TMGM | |
|---|---|---|---|
| Proprietary Platform | No | 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 | Yes | No |
| Trading Tools | Moneta Markets | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 4 | 7 | |
| Charting - Indicators / Studies (Total) | 105 | 30 | |
| Charting - Drawing Tools (Total) | 78 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Moneta Markets | TMGM | |
|---|---|---|---|
| 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 | 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 | Moneta Markets | TMGM | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Moneta Markets | TMGM | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Moneta Markets | TMGM | |
|---|---|---|---|
| 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 | TMGM Review |
| Overall | Moneta Markets | TMGM | |
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| Trust Score | 72 | 83 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | TMGM Review |
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