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Charles Schwab vs Moneta Markets 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of Charles Schwab vs Moneta Markets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

Charles Schwab
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5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 99
  • Tradeable Symbols (Total): 40000
Moneta Markets
4/5 Stars Overall
  • Minimum Deposit: $50
  • Trust Score: 72
  • Tradeable Symbols (Total): 1016

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.

Regulation

Charles Schwab and Moneta Markets offer different experiences for those looking to invest online. Founded in 1971, Charles Schwab stands out as a highly reputable online broker with a stellar Trust Score of 99 out of 99, making it one of the most trusted options in the market. It also operates as a bank and is publicly traded, adding layers of credibility and security for its clients. Moreover, Charles Schwab holds five Tier-1 licenses, which are considered highly trustworthy by industry standards.

Moneta Markets, established in 2009, provides its clients a secure environment, but with different credentials. Holding a Trust Score of 72, the firm is placed in the average risk category by ForexBrokers.com. While it does possess one Tier-1 license, Moneta Markets is not a publicly traded company and does not function as a bank. It also holds one Tier-2 license, establishing a moderate level of trust among its users. This comparison highlights the varied benefits and trust components of each broker, aiding potential investors in making informed decisions.

Feature Charles Schwab logoCharles Schwab
Moneta Markets logoMoneta Markets
Year Founded info 1971 2009
Publicly Traded (Listed) info Yes No
Bank info Yes No
Tier-1 Licenses info 5 1
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 1

Fees

When comparing Charles Schwab and Moneta Markets in terms of commissions and fees, both brokers offer distinct advantages for forex traders. Charles Schwab provides a user-friendly entry with no minimum deposit required for its primary brokerage accounts, Schwab One and Schwab Global, both of which provide access to forex trading via the thinkorswim platform. While Schwab doesn’t charge direct commissions for forex trades, the trading costs are included in the bid/ask spread, with the average spread for EUR/USD noted at 1.35 pips. Schwab offers access to international markets and currencies through the Schwab Global account, but conversion fees may range from 0.2% to 1% depending on the account balance. Schwab's rating for commissions and fees is a solid 4 stars, ranking it 23rd out of 63 brokers reviewed by ForexBrokers.com.

In contrast, Moneta Markets offers flexibility through its three account options: the commission-free Direct STP account and the commission-based Moneta Prime ECN and Ultra ECN accounts. The Direct STP account features a spread of 1.38 pips on the EUR/USD pair, while the Prime ECN account provides an average spread of 0.194 pips with a commission of $6 per round-trip standard lot, resulting in a competitive all-in cost of around 0.79 pips. The Ultra ECN account offers slightly better terms at $2 per round-trip commission, but requires a $20,000 deposit. With a commissions and fees rating of 4.5 stars, Moneta Markets stands out as a more competitively priced choice, ranking 16th among 63 brokers on ForexBrokers.com.

Overall, Schwab is ideal for those starting without a hefty initial deposit and who trade primarily in USD, benefiting from a broad platform with moderate spreads. Moneta Markets, however, is a strong contender for more experienced traders who can meet higher deposit requirements and prefer tighter spreads with reasonable commissions. Both brokers provide distinct paths based on individual trading strategies and financial resources.

Feature Charles Schwab logoCharles Schwab
Moneta Markets logoMoneta Markets
Minimum Deposit info $0 $50
Average Spread EUR/USD - Standard info 1.35 info 1.38 info
All-in Cost EUR/USD - Active info 1.35 info 0.79 info
Active Trader or VIP Discounts info No No
ACH or SEPA Transfers info Yes No
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info No No
Visa/Mastercard (Credit/Debit) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

Charles Schwab and Moneta Markets both offer opportunities for forex trading through contracts for difference (CFDs) or spot contracts. However, they differ significantly in the range of investments available to their clients. Charles Schwab provides a staggering 40,000 tradeable symbols, which includes 73 forex pairs, along with the option to invest in exchange-traded securities on both U.S. and international exchanges. In contrast, Moneta Markets offers 1,016 tradeable symbols, featuring 54 forex pairs, but does not allow trading in U.S. or international exchange-traded securities.

Both brokers allow for trading in cryptocurrency derivatives, though neither supports the purchase of actual cryptocurrencies. While Charles Schwab does not support copy trading, Moneta Markets offers this feature, which might appeal to traders interested in mirroring the strategies of experienced investors. In terms of industry rankings, Charles Schwab holds a prestigious 5-star rating for its range of investments and is ranked 5th out of 63 brokers, while Moneta Markets receives a 4-star rating and is ranked 35th. This comparison highlights the broad investment opportunities available through Charles Schwab, making it a strong contender for investors seeking a wide variety of trading options.

Feature Charles Schwab logoCharles Schwab
Moneta Markets logoMoneta Markets
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 40000 1016
Forex Pairs (Total) info 73 54
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info No Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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.

Trading platforms and tools

Charles Schwab and Moneta Markets both cater to traders with different needs through their respective trading platforms and tools. Charles Schwab boasts a proprietary platform, offering users a tailored trading experience on both Windows-based desktop and web interfaces. While it doesn't support the popular MetaTrader 4 and 5, Schwab compensates with an impressive selection of watch list columns and direct-from-chart trading, rounding out to a five-star rating for its platforms and tools. In contrast, Moneta Markets supports MetaTrader 4 and 5, along with copy trading and ZuluTrade options, making it a versatile choice for those interested in standard trading platforms and social trading features. However, it offers fewer fields for watch lists, contributing to its four-star rating.

Both Charles Schwab and Moneta Markets offer free virtual demo accounts, which allow new traders to explore the platforms risk-free. Moneta Markets distinguishes itself with 78 drawing tools for charting, significantly more than Schwab's 24, potentially appealing to traders who rely heavily on technical analysis. Schwab's higher ForexBrokers.com ranking—fifth compared to Moneta's thirty-third—reflects its wide array of features and customization options, making it a preferred choice for many. However, Moneta Markets remains a competitive option, particularly for those who value copy trading and MetaTrader compatibility.

Feature Charles Schwab logoCharles Schwab
Moneta Markets logoMoneta Markets
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info No Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
DupliTrade info No No
ZuluTrade info No Yes
Charting - Indicators / Studies (Total) info 374 105
Charting - Drawing Tools (Total) info 24 78
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 580 4
View More

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

When comparing the mobile trading apps of Charles Schwab and Moneta Markets, both provide iPhone and Android options, featuring tools like price alerts and watchlist syncing that ensure seamless updates between the app and online accounts. Both brokers allow users to draw trendlines and view stock or forex charts across different time frames, auto-saving any drawings made. Additionally, both support creating watchlists with real-time quotes, catering to traders who need fast access to market data.

Despite these similarities, Charles Schwab offers a notable advantage with an impressive 374 technical studies for charting, compared to Moneta Markets’ 30. This advantage could be a factor in Charles Schwab's top-tier 5-star rating and its #6 ranking out of 63 brokers for mobile trading apps by ForexBrokers.com, while Moneta Markets garners a 4-star rating and ranks #36. Therefore, considering technical analysis options and overall ratings, Charles Schwab might be a preferred choice for those seeking extensive charting features and high user satisfaction in mobile trading.

Feature Charles Schwab logoCharles Schwab
Moneta Markets logoMoneta Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes Yes
Mobile Charting - Indicators / Studies info 374 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When it comes to market research, both Charles Schwab and Moneta Markets provide daily market commentaries and access to forex news from top-tier sources like Bloomberg and Reuters. However, there are notable distinctions in their offerings. Moneta Markets provides advanced tools such as Trading Central, which offers technical analytics, and a sentiment-based trading tool to gauge market sentiment. On the other hand, Charles Schwab does not offer these specific tools. Both brokers supply an economic calendar showcasing global economic events, evolving insights into market movements.

In terms of ratings, Charles Schwab shines with a five-star research rating and is ranked 4th out of 63 brokers by ForexBrokers.com, underlining its strong emphasis on in-depth market research. Although Moneta Markets maintains a solid offering, it is rated four stars and ranked 32nd in the same category, reflecting room for growth in its research capabilities. Investors seeking comprehensive market analysis might find Charles Schwab's higher ranking and broader resources more appealing, while those focusing on sentiment and analytics tools may be drawn to Moneta Markets.

Feature Charles Schwab logoCharles Schwab
Moneta Markets logoMoneta Markets
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info No Yes
Social Sentiment - Currency Pairs info No Yes
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When it comes to educational resources for beginners in the world of online trading, both Charles Schwab and Moneta Markets strive to provide helpful content, but their offerings differ in some key areas. Charles Schwab excels by providing a wide range of educational materials, including more than 10 resources focused on forex and CFDs. Beginners can also benefit from at least 10 starter videos dedicated to trading topics, and they have access to frequent client webinars each month, supported by a comprehensive archive to revisit past sessions. In addition to these resources, Schwab offers a detailed investor dictionary with over 50 definitions to help clarify complex investing terms, showcasing their dedication to educating new traders.

Moneta Markets also delivers a good selection of educational materials with over 10 resources on forex and CFDs, as well as a collection of beginner-focused trading videos. However, unlike Schwab, Moneta Markets does not host monthly educational webinars nor provide an archive to access recorded sessions later. Furthermore, they are missing an inclusive investor dictionary of terms. These differences in resources are reflected in their ratings and rankings, with ForexBrokers.com awarding Charles Schwab 5 stars for education and placing them in the 6th position among 63 brokers, while Moneta Markets receives 4 stars and ranks 33rd. While both brokers offer substantial educational content, Charles Schwab stands out for its breadth and accessibility of resources, catering well to beginners eager to deepen their understanding of trading.

Feature Charles Schwab logoCharles Schwab
Moneta Markets logoMoneta Markets
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that Charles Schwab is better than Moneta Markets. Charles Schwab finished with an overall rank of #6, while Moneta Markets finished with an overall rank of #35.

Charles Schwab is a highly trusted financial institution and multi-asset broker catering to U.S.-based and international forex traders. Schwab's award-winning thinkorswim platform offers over 70 tradeable currency pairs alongside impressive tools, research, and education. That said, the broker’s forex offering is still largely limited to what is available on thinkorswim.

Feature Charles Schwab logoCharles Schwab
Moneta Markets logoMoneta Markets
Overall Rating info 5/5 Stars 4/5 Stars
Trust Score info 99 72
Range of Investments 5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4.5/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Education 4.5/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with Charles Schwab or Moneta Markets?

Both Charles Schwab and Moneta Markets do not offer the ability to buy actual delivered cryptocurrency; however, they both provide the option to purchase cryptocurrency derivatives.

What funding options does each broker offer?

While both Charles Schwab and Moneta Markets support bank wire transfers, only Charles Schwab allows ACH or SEPA transfers, whereas Moneta Markets uniquely accepts Visa and Mastercard for deposits and withdrawals, with neither platform providing options for PayPal or Skrill transactions.




announcementPlease 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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Compare

0 of 5
Overall Rating Charles Schwab Moneta Markets
Overall Rating info 5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4.5/5 Stars
Range of Investments 5/5 Stars 4/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 99 72
Winner check_circle
Review Charles Schwab Review Moneta Markets Review
Broker Screenshots Charles Schwab Moneta Markets
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation Charles Schwab Moneta Markets
Trust Score info 99 72
Year Founded info 1971 2009
Publicly Traded (Listed) info Yes No
Bank info Yes No
Regulated in one or more EU or EEA countries (MiFID). info No No info
Tier-1 Licenses info 5 1
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 1
Tier-1 Licenses (Highly Trusted) Charles Schwab Moneta Markets
Australia (ASIC Authorised) info No Yes
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info Yes No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info Yes No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info No No info
Tier-2 Licenses (Trusted) Charles Schwab Moneta Markets
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA/Central Bank Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments Charles Schwab Moneta Markets
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 40000 1016
Forex Pairs (Total) info 73 54
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info No Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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 Charles Schwab Moneta Markets
Average Spread EUR/USD - Standard info 1.35 info 1.38 info
All-in Cost EUR/USD - Active info 1.35 info 0.79 info
Active Trader or VIP Discounts info No No
Inactivity Fee info No No
Execution: Agency Broker info Yes No
Execution: Market Maker info No Yes
Funding Charles Schwab Moneta Markets
Minimum Deposit info $0 $50
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info No No
Visa/Mastercard (Credit/Debit) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes No
Trading Platforms Charles Schwab Moneta Markets
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info No Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No Yes
Trading Tools Charles Schwab Moneta Markets
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 580 4
Charting - Indicators / Studies (Total) info 374 105
Charting - Drawing Tools (Total) info 24 78
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading Charles Schwab Moneta Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes Yes
Mobile Charting - Indicators / Studies info 374 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes Yes
Research Charles Schwab Moneta Markets
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info No Yes
TipRanks info No No
Social Sentiment - Currency Pairs info No Yes
Economic Calendar info Yes Yes
Education Charles Schwab Moneta Markets
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes No
Major Forex Pairs Charles Schwab Moneta Markets
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review Charles Schwab Review Moneta Markets Review
Overall Charles Schwab Moneta Markets
Overall Rating info 5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4.5/5 Stars
Range of Investments 5/5 Stars 4/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 99 72
Winner check_circle
Review Charles Schwab Review Moneta Markets Review
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