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 both prominent online trading platforms, but they vary greatly in terms of trust and reliability as per ForexBrokers.com evaluations. Founded in 1983, City Index is a publicly traded company with a stellar Trust Score of 99, indicating a high level of reliability. It holds 7 Tier-1 licenses and 1 Tier-2 license, underscoring its strong regulatory standing. Despite not being a bank, City Index's long-standing market presence and extensive regulatory credentials make it a trusted choice for traders.
On the other hand, Moneta Markets, established in 2009, has a Trust Score of 71, reflecting an average risk. While it is also not a bank and does not operate as a publicly traded company, Moneta Markets holds 1 Tier-2 license, but no Tier-1 licenses, which are deemed highly trusted. This points to a more moderate level of regulatory assurance. Overall, traders looking for a platform with proven trustworthiness might find City Index's established reputation and comprehensive licensing more appealing compared to the relatively newer Moneta Markets.
| Feature |
City Index
|
Moneta Markets
|
|---|---|---|
| Year Founded | 1983 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 0 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
City Index and Moneta Markets both offer competitive commissions and fees, appealing to a range of trader preferences. City Index aligns its pricing with industry norms, offering an average spread of 0.74 pips on the EUR/USD pair for its CFD account as of July 2023. The broker also provides a Premium Trader account for deposits over £10,000, offering exclusive pricing and services. Active traders in the UK and Australia can benefit from rebates, which start at £4 and AUD $4.5 per million traded, respectively. For their efforts, City Index earns a 4.5-star rating, ranking 14th out of 63 brokers in the Commissions and Fees category by ForexBrokers.com.
Moneta Markets provides three account options: the commission-free Direct STP account and two commission-based accounts, the Prime ECN and Ultra ECN. The Direct STP account has an average spread of 1.38 pips for the EUR/USD, while the Prime ECN offers a tighter spread of 0.194 pips with a $6 commission per round-turn standard lot. The Ultra ECN account presents an even more competitive option at $2 per round-turn, but requires a $20,000 deposit. While Moneta Markets also boasts a 4.5-star rating, it ranks slightly lower at 16th place among 63 brokers when evaluated by ForexBrokers.com for commissions and fees.
In comparing the two, both brokers offer competitive spreads and fee structures suited to various trader levels. City Index provides added value through its Premium Trader account and worthwhile rebates for high-volume traders. Moneta Markets shines with its varied account options and competitive commissions for higher deposits, although the costs can still fall short against the top forex brokers. Both achieve a commendable 4.5-star rating, positioning them as attractive options in the market.
| 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 offer forex trading through CFDs or spot contracts, catering to various trading preferences. City Index stands out with an impressive 13,500 tradeable symbols, significantly surpassing Moneta Markets' 1,016 symbols. When it comes to forex pairs, City Index provides access to 66 pairs, while Moneta Markets offers 45 pairs, making City Index a favorable choice for those seeking greater diversity in their trading portfolio.
Neither City Index nor Moneta Markets offer direct investments in exchange-traded securities on U.S. or international exchanges. Both brokers provide copy trading facilities and allow trading in cryptocurrency derivatives, though neither offers the ability to purchase actual cryptocurrencies. According to ForexBrokers.com, City Index commands a higher rating of 5 stars in the range of investments category, ranking #8 out of 63 brokers, whereas Moneta Markets receives 4 stars, positioned at #35. This comparison underscores City Index’s broader offerings and higher standing in the industry.
| 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.
When comparing the trading platforms and tools offered by City Index and Moneta Markets, both brokers provide comprehensive services with some key differences. City Index stands out with its proprietary platform, giving traders a unique in-house experience alongside the capability to download a Windows-based desktop platform and trade via a web-based platform directly from a browser. Both brokers offer MetaTrader 4 (MT4), but only City Index lacks MetaTrader 5 (MT5) support, a feature available with Moneta Markets. Notably, City Index also offers a substantial array of trading features, including 239 drawing tools and the ability to trade directly from stock charts, while Moneta Markets provides 78 drawing tools and similar chart trading capability. Both platforms support simulated (paper) trading and copy trading, ensuring users can practice and replicate strategies effectively.
While City Index does not offer DupliTrade or ZuluTrade, Moneta Markets supports DupliTrade, giving traders more automated trading options. City Index takes the edge in technical depth with watch lists, featuring more customizable columns compared to Moneta Markets. In terms of overall ratings, City Index is slightly ahead with a 4.5-star rating for its trading platforms and tools, compared to Moneta Markets' 4-star rating. Furthermore, City Index ranks #11 out of 63 brokers in the Trading Platforms and Tools category according to ForexBrokers.com, while Moneta Markets falls behind at #33. Overall, City Index offers a broader scope of customized trading tools, while Moneta Markets provides essential features with notable automated trading options.
| 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 offer comprehensive mobile trading solutions on iPhone and Android devices, making them suitable for traders on the go. Both apps provide stock and forex price alerts and the ability to sync watchlists between the mobile app and your online account. This means any change you make, whether on your computer or phone, stays updated across both platforms. While each app allows traders to draw trendlines and view multiple time frames such as daily, weekly, or intraday intervals, City Index stands out with a more extensive selection of 88 technical studies for chart analysis compared to the 30 offered by Moneta Markets. Additionally, both platforms automatically save any chart drawings you make, preventing the loss of your crucial annotations.
When it comes to real-time updates and a seamless trading experience, both City Index and Moneta Markets enable the creation of watchlists with live quotes, although City Index manages to pull slightly ahead in user satisfaction and industry rankings. With a rating of 4.5 stars for its mobile trading app, City Index is ranked #9 out of 63 brokers by ForexBrokers.com, whereas Moneta Markets, with a 4-star rating, holds the #35 position. These ratings reflect user feedback and overall functionality, highlighting City Index as the more favored choice for mobile trade execution and analysis.
| 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 serve their users with daily insights through market commentary and forex news from esteemed sources like Bloomberg and Reuters. Each broker equips traders with technical analysis tools from Trading Central and provides sentiment-based trading tools to visualize market positions. Additionally, both platforms feature an economic calendar to keep users informed about significant global economic events.
Despite these similarities, differences arise in their ratings and rankings. City Index boasts a higher research rating with 4.5 stars and a commendable position of 10th among 63 brokers as per ForexBrokers.com. Conversely, Moneta Markets, though offering similar tools, is rated with 4 stars and ranks 32nd, indicating a slight disparity in user satisfaction and industry perception regarding their research capabilities.
| 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
|
Moneta Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 71 |
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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 | 71 | |
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| 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 | 71 | |
| 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 | 0 | |
| 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) | 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 | 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 |
| Overall | City Index | Moneta Markets | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | City Index Review | Moneta Markets Review |
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