Written by ForexBrokers.com
In this head to head comparison of Moneta Markets vs Alpari, 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 Alpari, founded in 1998, are both prominent names in the online brokerage industry, yet neither is publicly traded nor operates as a bank. When it comes to trust and regulation, Moneta Markets surpasses Alpari with a Trust Score of 71, which places it in the average risk category according to ForexBrokers.com. This firm holds one Tier-2 license, indicating a level of regulatory oversight that adds to its credibility.
On the other hand, Alpari holds a Trust Score of 68, categorizing it as high risk and slightly below Moneta Markets in terms of perceived trustworthiness. Alpari does not possess any Tier-1 or Tier-2 licenses, which might be a consideration for traders prioritizing regulatory oversight. Both brokers cater to users seeking online trading platforms, but Moneta Markets may appeal more to those who value a slightly stronger trust rating and regulatory presence.
| Feature |
Moneta Markets
|
Alpari
|
|---|---|---|
| Year Founded | 2009 | 1998 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 0 | 0 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
Moneta Markets offers a range of account options with varying trading costs depending on the account type selected. For those looking at commission-free trading, the Direct STP account is available, although it comes with higher spreads, averaging 1.38 pips for the EUR/USD pair in August 2023. Alternatively, the Prime ECN account presents a tighter spread of 0.194 pips and a commission of $6 per round-trip standard lot, resulting in a total trading cost of approximately 0.79 pips. For more advanced trading, the Ultra ECN account offers a reduced commission of $2 per round-trip, but requires a significant deposit of $20,000. Moneta Markets holds a commendable 4.5-star rating for its commissions and fees and is ranked 16th out of 63 brokers by ForexBrokers.com.
In contrast, Alpari does not provide specific average spread data, making direct trading cost comparisons more challenging. Despite this, Alpari maintains a reasonable reputation with a 4-star rating in commissions and fees. However, it is ranked lower than Moneta Markets, standing at 41st in the Commissions and Fees category by ForexBrokers.com. Traders might consider the transparency and detailed cost structure of Moneta Markets more appealing if keeping a close eye on fees is crucial to their strategy.
Ultimately, both Moneta Markets and Alpari offer competitive options in the forex trading market. Moneta Markets tends to have an edge with its flexible account types catering to different trading needs and a higher overall rating in commissions and fees. Alpari remains a solid choice for traders less concerned with specific trading costs but interested in overall service quality. Each broker brings its unique strengths to the table, and the choice between them will depend on individual trader preferences and requirements.
| Feature |
Moneta Markets
|
Alpari
|
|---|---|---|
| Minimum Deposit | $50 | $20 |
| 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 | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| 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 comparing the range of investments offered by Moneta Markets and Alpari, Moneta Markets stands out with a significantly higher number of tradeable symbols. With 1,016 tradeable symbols, Moneta Markets offers a diverse array of investment opportunities compared to Alpari's 105. Both brokers provide forex trading as a CFD or spot contract, with Moneta Markets offering 45 tradeable forex pairs and Alpari slightly surpassing that with 46 pairs. Neither platform provides the option to buy shares directly from U.S. exchanges, but Alpari does offer access to international exchange-traded securities, unlike Moneta Markets.
In terms of additional features, both Moneta Markets and Alpari support cryptocurrency derivatives trading and offer copy trading services to their users. However, if you're looking for ratings and rankings by ForexBrokers.com, Moneta Markets takes the lead in investment range, receiving 4 out of 5 stars and ranking 35th out of 63 brokers. In contrast, Alpari is rated with 3 stars and is ranked 63rd, indicating a more limited range of investment options. Overall, Moneta Markets provides a broader scope for traders seeking a wider selection of tradeable instruments.
| Feature |
Moneta Markets
|
Alpari
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 105 |
| Forex Pairs (Total) | 45 | 46 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| 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.
Moneta Markets and Alpari both provide a variety of trading platforms and tools that cater to traders of all levels. Both brokers offer simulated trading experiences through free virtual demo accounts, allowing traders to practice and refine their skills without financial risk. They each support the widely-used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms and offer options for Windows-based desktop downloads as well as web-based trading. However, while Moneta Markets enhances user experience with the DupliTrade platform, Alpari focuses on its proprietary platform to offer unique features to its users.
When it comes to technical tools, Moneta Markets stands out with a remarkable 78 drawing tools for charting, compared to Alpari’s 15, making it an especially appealing choice for detail-oriented traders. Both brokers allow direct trading from stock charts, though Alpari offers more fields for watch lists—seven compared to Moneta Markets' four. In rankings for trading platforms and tools by ForexBrokers.com, Moneta Markets takes a higher position, ranked at #33, while Alpari is placed at #55. Both brokers share a solid rating of four stars in the trading platforms and tools category, reflecting their commitment to offering valuable resources to traders.
| Feature |
Moneta Markets
|
Alpari
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| 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 | Yes | No |
| ZuluTrade | No | 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 it comes to mobile trading, both Moneta Markets and Alpari have dedicated apps for iPhone and Android, offering essential features for anyone on the go. They both provide stock or forex price alerts and allow users to create watchlists with real-time quotes. While Moneta Markets ensures seamless syncing of watchlists between mobile app and online accounts, Alpari unfortunately lacks this capability. This unique feature of Moneta Markets allows users to manage their watchlists more efficiently across different devices.
In terms of charting, both Moneta Markets and Alpari offer a variety of 30 technical studies, and users can draw trendlines and view multiple time frames such as daily or weekly charts. A standout feature for Moneta Markets is its ability to auto-save drawings on charts, which Alpari does not offer. Both brokers share a rating of 4 stars out of 5 for their mobile trading apps. However, Moneta Markets ranks higher at 35th compared to Alpari’s 56th position according to ForexBrokers.com. This indicates that while both platforms offer a comprehensive set of features, Moneta Markets provides added conveniences that could enhance the trading experience.
| Feature |
Moneta Markets
|
Alpari
|
|---|---|---|
| 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 | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of Moneta Markets and Alpari, key differences emerge to help you decide which broker might better suit your trading needs. Moneta Markets provides daily market commentary, while Alpari does not. Both brokers offer forex news from top-tier sources such as Bloomberg and Reuters, which helps keep traders informed of vital market shifts. However, when it comes to technical analysis tools, Moneta Markets shines with its Trading Central resources, compared to Alpari's use of Autochartist tools. Additionally, Moneta Markets offers a sentiment-based trading tool that allows traders to gauge the market position ratio, whereas Alpari does not provide a similar tool.
Both platforms provide an economic calendar essential for tracking global economic events, but they differ in overall research ratings. Moneta Markets earns a solid four stars for its research offerings, ranking 32nd out of 63 brokers on ForexBrokers.com, while Alpari receives three stars, landing it in 57th place. These distinctions highlight Moneta Markets' edge in certain research capabilities, giving traders access to tools that Alpari lacks, potentially offering a broader range of insights for strategic decision-making.
| Feature |
Moneta Markets
|
Alpari
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Moneta Markets and Alpari both offer a solid start for beginner traders looking for education on forex and CFDs, providing a variety of educational materials. However, Moneta Markets stands out with a more comprehensive offering. While both brokers supply at least ten educational pieces like articles and videos, Moneta Markets offers a searchable archive of previously recorded client webinars, which Alpari lacks. This feature can be particularly valuable for learners who prefer hands-on, visual learning experiences.
Both brokers equip beginners with a strong library of videos tailored to trading novices, but Moneta Markets also extends its resources to include advanced educational content, catering to more experienced traders. In addition, both platforms provide an investor dictionary with over 50 investing terms explained, aiding beginners in understanding complex terminology. Rated four stars by ForexBrokers.com, Moneta Markets ranks higher than Alpari, which received a three-star rating, positioning them at #33 and #48, respectively, among 63 brokers in the education category.
| Feature |
Moneta Markets
|
Alpari
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| 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 Alpari. Moneta Markets finished with an overall rank of #35, while Alpari finished with an overall rank of #58.
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
|
Alpari
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 68 |
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Both Moneta Markets and Alpari do not offer the ability to buy actual delivered cryptocurrency, however, they both provide options to trade cryptocurrency derivatives.
Both Moneta Markets and Alpari lack ACH, SEPA, and PayPal deposit or withdrawal options, but while Alpari supports Skrill transactions and both brokers accept Visa, Mastercard, and bank wires for fund transfers, Moneta Markets does not offer Skrill services.
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 | Alpari | |
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| Trust Score | 71 | 68 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
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| Regulation | Moneta Markets | Alpari | |
|---|---|---|---|
| Trust Score | 71 | 68 | |
| Year Founded | 2009 | 1998 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 0 | 0 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Moneta Markets | Alpari | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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 | No | |
| 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 | Alpari | |
|---|---|---|---|
| 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 | Alpari | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1016 | 105 | |
| Forex Pairs (Total) | 45 | 46 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| 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 | Alpari | |
|---|---|---|---|
| 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 | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Moneta Markets | Alpari | |
|---|---|---|---|
| Minimum Deposit | $50 | $20 | |
| PayPal (Deposit/Withdraw) | No | No | |
| 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 | Alpari | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| 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 | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Moneta Markets | Alpari | |
|---|---|---|---|
| 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 | Alpari | |
|---|---|---|---|
| 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 | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Moneta Markets | Alpari | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Moneta Markets | Alpari | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Moneta Markets | Alpari | |
|---|---|---|---|
| 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 | Moneta Markets | Alpari | |
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| Trust Score | 71 | 68 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
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