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 provides various account options that cater to different trading preferences. Their Direct STP account is commission-free with an average spread of 1.38 pips for the EUR/USD pair as of August 2023, but it features higher spreads compared to other accounts. The Prime ECN account offers tighter spreads, averaging 0.194 pips with a commission of $6 per round-trip lot, resulting in an all-in cost slightly below the industry average at 0.79 pips. For larger investors, the Ultra ECN account presents an even better deal with a low commission of $2 per round-turn lot, though it requires a $20,000 deposit. Moneta Markets is rated 4.5 out of 5 stars for commissions and fees and ranks #16 among 62 brokers, although its overall pricing still trails behind the leading forex brokers.
TMGM, on the other hand, offers competitive trading conditions with its Edge account, which stands out with low spreads and a minimal commission rate of $7 per round trip. Though specific average spread data for the EUR/USD is not publicly available, TMGM’s commitment to low trading costs is evident. The broker also provides a Classic account option, featuring spread-only pricing. For Islamic finance customers, TMGM caters to interest-free Islamic accounts exclusively through the Edge account, ensuring they meet Sharia-compliant standards. TMGM has earned a 4 out of 5-star rating for its commissions and fees and ranks #35 out of 62 brokers.
In conclusion, both Moneta Markets and TMGM offer distinct advantages depending on the trader's needs. While Moneta Markets excels with its Ultra ECN account for larger deposits, TMGM's Edge account provides a balanced offering with competitive costs and Islamic finance options. Both brokers have their strengths, but Moneta Markets stands slightly ahead in ratings and rankings, particularly in the commissions and fees category.
| 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.
Both Moneta Markets and TMGM provide comprehensive mobile trading apps compatible with iPhone and Android devices. Traders with either platform can receive stock or forex price alerts and create watchlists with real-time quotes. Notably, Moneta Markets stands out with its ability to sync watchlist symbols between the mobile app and the client's online account, which TMGM does not offer. Both apps allow drawing trendlines on charts and offer visibility into multiple time frames such as daily or weekly views. Users can also benefit from 30 technical studies within each app, enhancing their charting capabilities.
In terms of ease of use and features, Moneta Markets and TMGM each achieve a solid rating of 4 out of 5 stars for their mobile trading apps. However, Moneta Markets holds a slightly more favorable position, ranking 35th out of 62 brokers according to ForexBrokers.com, compared to TMGM's rank of 46th. Both apps enable auto-saving of chart drawings, ensuring users do not lose their technical analysis, thus contributing to highly functional trading experiences for all users.
| 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
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|---|---|---|
| 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 | |
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| 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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