Written by ForexBrokers.com
In this head to head comparison of City Index 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.
City Index and Moneta Markets are two notable online brokers offering various financial services, yet they differ significantly in their level of trust and regulatory credentials. Established in 1983, City Index stands as a seasoned player that is publicly traded, featuring a high Trust Score of 99 as rated by ForexBrokers.com. This score attests to its reputation as a highly trusted platform. The broker is recognized for its strong regulatory framework, holding seven Tier-1 licenses and one Tier-2 license, which contributes to its reliability and investor protection.
In contrast, Moneta Markets, founded in 2009, operates as a privately-held company and has a Trust Score of 72, placing it in the average risk category according to ForexBrokers.com. Although Moneta Markets holds one Tier-1 and one Tier-2 license, there is a noticeable difference in regulatory depth compared to City Index. While both City Index and Moneta Markets are not banks, their regulatory standings and market presence might influence a potential investor's decision, with City Index offering more assurance in terms of trusted regulation.
| Feature |
City Index
|
Moneta Markets
|
|---|---|---|
| Year Founded | 1983 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of City Index and Moneta Markets, both brokers offer competitive pricing structures, although they differ in specific account offerings and overall positioning in the market. City Index provides trading at industry-average costs for CFDs, forex, and spread-betting via its proprietary platforms or MetaTrader. Active traders who qualify for the Premium Trader account can benefit from exclusive pricing and additional services. With an average spread of 0.74 pips for the EUR/USD pair, City Index remains in line with the industry average but trails behind top competitors like Tickmill. City Index is rated 4.5 stars for commissions and fees and ranks 14th out of 62 brokers according to ForexBrokers.com.
Moneta Markets offers three distinct account options that influence trading costs: the commission-free Direct STP account and two commission-based options, Prime ECN and Ultra ECN accounts. While the STP account features no commission fees, it generally incurs higher spreads compared to the Prime ECN account's lower spread of 0.194 pips on the EUR/USD pair, in addition to a $6 per round-trip standard lot commission. The Ultra ECN account ups the ante with even tighter spreads and a commission of just $2 per round-trip, needing a substantial deposit of $20,000. Despite its varied options, Moneta Markets' pricing is still catching up to industry leaders, earning it a 4.5-star rating and 16th place in the ForexBrokers.com ranking.
| Feature |
City Index
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | £100.00 | $50 |
| Average Spread EUR/USD - Standard | 1.4 | 1.38 |
| All-in Cost EUR/USD - Active | 0.74 | 0.79 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
City Index and Moneta Markets both provide a wide array of investment opportunities, catering to traders seeking diverse market exposure. City Index stands out with a staggering selection of 13,500 tradeable symbols, compared to Moneta Markets' offering of 1,016 symbols. In the realm of forex trading, City Index boasts access to 66 forex pairs whereas Moneta Markets offers 54. Both brokers allow investors to engage in forex trading through CFDs or spot contracts. However, neither offers the option to purchase actual shares or non-CFD exchange-traded assets on either U.S. or international exchanges, like Apple's or Vodafone's stocks.
For those interested in the cryptocurrency market, City Index and Moneta Markets provide the ability to trade cryptocurrency derivatives while not facilitating the purchase of physical cryptocurrencies. Enthusiasts of social trading will find copy trading available through both platforms. Notably, City Index receives high praise with a 5-star rating for its range of investments and ranks 8th among 62 brokers according to ForexBrokers.com. Moneta Markets, while offering a commendable array of investment options, garners a 4-star rating and ranks 35th by the same standard, making City Index a preferred choice for a broader selection.
| Feature |
City Index
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 13500 | 1016 |
| Forex Pairs (Total) | 66 | 54 |
| 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 City Index and Moneta Markets, both brokers provide simulated trading through free virtual demo accounts, making it easy for beginners to experiment with trading strategies without financial risk. However, City Index stands out with an in-house developed proprietary platform, which Moneta Markets lacks. Both companies offer Windows-based desktop and web-based trading platforms, and support for the ever-popular MetaTrader 4 (MT4). Moneta Markets takes a step further by supporting MetaTrader 5 (MT5) as well, while City Index does not. For those interested in social trading, both brokers provide copy trading, but only Moneta Markets offers ZuluTrade. Neither broker supports DupliTrade.
City Index provides a more comprehensive charting experience, offering 239 drawing tools compared to Moneta Markets' 78. Both allow trading directly from stock charts, which enhances trading efficiency. When it comes to organizing watch lists, City Index offers 11 customizable columns, significantly more than Moneta Markets’ four columns. These features contribute to City Index’s higher rating of 4.5 stars for trading platforms and tools, compared to Moneta Markets' 4 stars. Consequently, City Index is ranked #10 out of 62 brokers by ForexBrokers.com, whereas Moneta Markets is at #33, reflecting the former's superior offerings in trading platforms and tools.
| Feature |
City Index
|
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) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 88 | 105 |
| Charting - Drawing Tools (Total) | 239 | 78 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 4 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both City Index and Moneta Markets provide comprehensive solutions for traders on the go, available on both iPhone and Android devices. Each platform facilitates seamless trading experiences with features such as stock and forex price alerts and synchronized watchlists that update changes across devices. Traders looking to analyze charts will find that both apps offer multiple time frames for their stock or forex charts, with the capability to draw and auto-save trendlines. Furthermore, real-time quotes enrich the functionality of watchlists on both apps, ensuring traders have updated information at their fingertips.
Despite offering similar baseline functionalities, City Index stands out by providing a more advanced charting experience with access to 88 technical studies compared to Moneta Markets' 30. This depth in analytics is reflected in City Index's higher mobile app rating of 4.5 stars, placing it 9th in ForexBrokers.com's rankings out of 62 brokers. On the other hand, Moneta Markets, with its respectable 4-star rating, is positioned at 36th, offering a reliable choice for those seeking solid fundamental trading capabilities on mobile.
| Feature |
City Index
|
Moneta Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 88 | 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.
City Index and Moneta Markets both provide comprehensive market research for traders. They each offer daily market commentary and access to top-tier forex news sources like Bloomberg, Reuters, and Dow Jones. Both brokers also facilitate technical analysis with tools from Trading Central, alongside sentiment-based trading tools to gauge market positions. On the downside, neither broker provides research from Autochartist or TipRanks, nor do they offer tools from Acuity Trading. However, traders can access an economic calendar on both platforms to stay updated on global news events.
When it comes to ratings, City Index emerges slightly ahead with a 4.5-star rating for its research offerings, compared to Moneta Markets' 4-star rating. This superior rating is reflected in its higher position at number 10 among 62 brokers ranked by ForexBrokers.com for research, while Moneta Markets sits at position 32. Thus, while both brokers present solid research capabilities, City Index offers a more highly rated and recognized research experience for its users.
| Feature |
City Index
|
Moneta Markets
|
|---|---|---|
| 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 | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources provided by City Index and Moneta Markets for beginners, both brokers offer a range of materials such as articles, videos, and archived webinars focused on forex and CFDs. City Index, however, enhances its educational offerings by hosting monthly online webinars, a feature Moneta Markets currently does not provide. City Index also delivers a searchable archive of recorded webinars, enabling learners to revisit past sessions at their convenience, a capability missing from Moneta Markets' platform.
In addition to their basic educational content, both City Index and Moneta Markets provide at least ten beginner-specific trading videos. They also cater to more advanced traders with an equal number of advanced videos. What distinguishes City Index further is its comprehensive investor dictionary, which includes definitions for over 50 investing terms—a resource Moneta Markets lacks. Overall, City Index receives a higher rating of 4.5 stars for education, ranking 9th among 62 brokers, compared to Moneta Markets' 4-star rating and 33rd place ranking.
| Feature |
City Index
|
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 City Index is better than Moneta Markets. City Index finished with an overall rank of #8, while Moneta Markets finished with an overall rank of #35.
Backed by StoneX Group, City Index is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets.
| Feature |
City Index
|
Moneta Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 72 |
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Both City Index and Moneta Markets do not provide the option to purchase actual delivered cryptocurrency, but they do offer opportunities to trade in cryptocurrency derivatives.
In comparing online brokers, City Index stands out over Moneta Markets by offering ACH, SEPA transfers, and PayPal for deposits and withdrawals, while both platforms provide funding options through Visa, Mastercard, and bank wires, yet neither offers Skrill.
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 | City Index | Moneta Markets | |
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| Trust Score | 99 | 72 | |
| Winner | check_circle | ||
| Review | City Index Review | Moneta Markets Review |
| Broker Screenshots | City Index | Moneta Markets | |
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| Regulation | City Index | Moneta Markets | |
|---|---|---|---|
| Trust Score | 99 | 72 | |
| Year Founded | 1983 | 2009 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | City Index | Moneta Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | City Index | Moneta Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | City Index | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 13500 | 1016 | |
| Forex Pairs (Total) | 66 | 54 | |
| 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 | City Index | Moneta Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | 1.38 | |
| All-in Cost EUR/USD - Active | 0.74 | 0.79 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | City Index | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | £100.00 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | City Index | 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) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | City Index | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 4 | |
| Charting - Indicators / Studies (Total) | 88 | 105 | |
| Charting - Drawing Tools (Total) | 239 | 78 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | City Index | Moneta Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 88 | 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 | City Index | Moneta Markets | |
|---|---|---|---|
| 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 | City Index | 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 | City Index | 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 | City Index Review | Moneta Markets Review |
| Overall | City Index | Moneta Markets | |
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| Trust Score | 99 | 72 | |
| Winner | check_circle | ||
| Review | City Index Review | Moneta Markets Review |
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