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, established in 1983, is a well-regarded online broker, publicly traded with a high Trust Score of 99, reflecting its strong reputation. This is supported by its seven Tier-1 licenses and one Tier-2 license, indicating a solid level of customer confidence. Despite not being a bank, City Index's licensure and ratings position it as a highly trusted choice for online trading, appealing to both seasoned traders and newcomers alike.
Founded in 2009, Moneta Markets offers online brokerage services but remains private and not listed on a public stock exchange. With a Trust Score of 79, it falls within the average risk category according to ForexBrokers.com. Moneta Markets holds one Tier-1 license and one Tier-2 license, which may attract those who prefer a newer, yet adequately regulated, trading platform. Although not a bank, Moneta Markets' regulatory credentials provide a degree of assurance to potential clients.
| 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 |
City Index and Moneta Markets both earn 4.5 out of 5 stars for commissions and fees. By ranking, City Index sits at #15 of 63, while Moneta Markets is #17 of 63 (ForexBrokers.com). City Index’s pricing is generally around the industry average, whereas Moneta’s costs depend heavily on which account you choose: a commission-free spread account or lower-spread ECN accounts with added commission and, for the lowest commission, a higher deposit requirement.
City Index typically delivers its best pricing on its own platforms or MetaTrader. Its EUR/USD spread averaged 0.74 pips (July 2023), which is in line with the industry average. Active traders can unlock extras: the Premium Trader account (deposit over £10,000) offers access to exclusive pricing and dedicated support. High-volume rebates are also available, starting at £4 per million in the U.K. (for more than £25M traded monthly) and up to £7.5 per million at the highest tier, with similar tiers in Australia ranging from AUD $4.5 to AUD $14.5 per million.
Moneta Markets offers three paths. The Direct STP account is commission-free but carried a wider 1.38-pip average EUR/USD spread (August 2023). The Prime ECN account averaged a 0.194-pip raw spread plus a $6 round-trip commission per standard lot, putting the all-in cost near 0.79 pips—slightly below the industry average. For bigger deposits, the Ultra ECN account drops the commission to just $2 round-trip ($1 per side) with a $20,000 minimum. Overall pricing is competitive on the ECN tiers, while the spread-only account is simpler but pricier on spreads.
| 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 vs Moneta Markets: When it comes to range of investments, City Index offers far more choice with 13,500 tradeable symbols and 66 forex pairs, compared with Moneta Markets’ 1,016 symbols and 45 pairs. Both brokers provide forex trading (as CFDs or spot, depending on your location), support copy trading, and let you trade cryptocurrency via derivatives—but neither offers actual crypto purchases. Also note that neither broker gives access to exchange-traded shares on U.S. or international stock exchanges.
Ratings reflect the gap in variety: City Index scores 5/5 stars and ranks #8 out of 63 brokers for Range of Investments at ForexBrokers.com, while Moneta Markets earns 4/5 stars and ranks #36. If you want the widest selection of markets, City Index is the stronger pick; if you only need the essentials, Moneta Markets covers the basics.
| Feature |
City Index
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 13500 | 1016 |
| Forex Pairs (Total) | 66 | 45 |
| 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.
City Index and Moneta Markets both offer free demo accounts for paper trading, plus web and Windows desktop platforms. City Index adds a proprietary platform developed in-house alongside MetaTrader 4, while Moneta Markets sticks to third‑party platforms and supports both MT4 and MetaTrader 5. Copy trading is available with both brokers; Moneta Markets supports DupliTrade (City Index does not), and neither supports ZuluTrade.
For charting and workflow, City Index provides 239 drawing tools versus 78 at Moneta Markets, and both brokers let you place trades directly from charts. Watchlists are more detailed at City Index (11 columns) compared with Moneta Markets (4 columns). In independent ratings for trading platforms and tools, City Index scores 4.5/5 and ranks #11 of 63 brokers, while Moneta Markets scores 4/5 and ranks #34. In short, choose City Index if you want more built-in drawing tools and watchlist flexibility, or pick Moneta Markets if MT5 and DupliTrade are must-haves.
| 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 | Yes |
| ZuluTrade | No | No |
| 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.
Both City Index and Moneta Markets provide mobile trading platforms compatible with iPhone and Android devices, offering features like stock or forex price alerts, watchlist symbol syncing, and the ability to draw trendlines on charts. Users can access multiple time frames on charts, and both apps auto-save drawings. Each app allows the creation of watchlists with real-time quotes, enhancing the trading experience for users on the go. City Index, however, offers a broader range of technical studies, with 88 available for charting, compared to Moneta Markets' 30 studies.
When considering user ratings, City Index shines with a 4.5-star rating for its mobile trading app, outperforming Moneta Markets, which holds a 4-star rating. According to ForexBrokers.com, City Index ranks as the 9th overall among 63 brokers for mobile trading apps, while Moneta Markets sits at the 36th position. This suggests that while both apps offer a variety of similar features, City Index provides a more comprehensive and highly rated mobile trading experience.
| 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 deliver the essentials for market research. Each provides daily market commentary and forex news from leading sources such as Bloomberg, Reuters, or Dow Jones. You’ll get Trading Central tools with both brokers (but not Autochartist), plus sentiment indicators that show the ratio of long and short positions. Neither broker integrates TipRanks or Acuity Trading, and both include a global economic calendar to track upcoming events.
In independent testing, City Index holds the edge for research quality, earning 4.5 out of 5 stars and ranking #10 out of 63 brokers at ForexBrokers.com. Moneta Markets scores 4 out of 5 stars and ranks #33. If you want a stronger overall research experience and higher third-party ratings, City Index has the advantage, while Moneta Markets still covers the key tools most traders use day to day.
| 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 it comes to educational resources for beginners in the world of online trading, both City Index and Moneta Markets provide a solid foundation, but there are notable differences. City Index stands out by offering more comprehensive support with consistent monthly webinars. This opportunity for live learning allows for interactive engagement and real-time insights, a feature not provided by Moneta Markets. Both platforms offer a wealth of educational content, such as videos and articles, and maintain searchable archives of past webinars for easy reference, helping traders at all experience levels deepen their understanding.
City Index holds a slight edge with its higher education rating of 4.5 stars compared to Moneta Markets' 4 stars. Additionally, City Index is ranked 9th out of 63 brokers by ForexBrokers.com in the Education category, considerably ahead of Moneta Markets, which ranks 33rd. Both brokers cater to beginners and seasoned traders with a broad range of beginner and advanced educational videos, as well as investor dictionaries to clarify investing terms. However, the monthly webinars and stronger educational rating make City Index a more attractive option for those prioritizing educational resources in their trading journey.
| Feature |
City Index
|
Moneta Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| 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 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
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Moneta Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 79 |
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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 | 79 | |
| 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 | 79 | |
| 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 | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| 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) | |||
| 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) |
| Investments | City Index | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 13500 | 1016 | |
| Forex Pairs (Total) | 66 | 45 | |
| 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 | Yes | |
| ZuluTrade | No | No |
| 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 | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| 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 |
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| Trust Score | 99 | 79 | |
| Winner | check_circle | ||
| Review | City Index Review | Moneta Markets Review |
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