Written by ForexBrokers.com
In this head to head comparison of CMC Markets 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.
CFC Markets and Moneta Markets offer distinctive options for online trading, each with different levels of trustworthiness and regulatory oversight. Established in 1989, CMC Markets not only stands out as a publicly traded company, but also boasts an impressive ForexBrokers.com Trust Score of 99, reflecting its high level of customer trust. This broker holds five Tier-1 licenses and one Tier-2 license, illustrating its compliance with stringent regulatory standards across multiple regions. Despite not being a bank, CMC Markets' regulatory credentials indicate a strong level of reliability and security for traders.
In contrast, Moneta Markets was founded more recently, in 2009, and is not publicly traded. It holds a ForexBrokers.com Trust Score of 72, which places it in the average risk category. Moneta Markets holds one Tier-1 license and one Tier-2 license, indicating a moderate level of regulatory coverage. Like CMC Markets, it is not a bank. While Moneta Markets offers essential protections, prospective traders may find CMC Markets' more extensive regulatory presence and higher trust score preferable for added peace of mind.
| Feature |
CMC Markets
|
Moneta Markets
|
|---|---|---|
| Year Founded | 1989 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 5 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing CMC Markets and Moneta Markets on commissions and fees, CMC Markets stands out as a leader, earning a prestigious 5-star rating and ranking #1 out of 63 brokers according to ForexBrokers.com. CMC Markets is renowned for its consistently low spreads that apply across all customer segments and account types, with average spreads of 0.61 pips for EUR/USD as of August 2023. Their active trader program enhances this competitive pricing by offering a 20% spread discount for high-volume traders through the Price Plus Scheme. Moreover, the FX Active pricing, available in select regions, adds further value by offering a commission of $2.50 per side with minimum spreads of zero, resulting in an all-in cost of 0.5 pips on the EUR/USD.
Moneta Markets, on the other hand, garners a respectable 4.5-star rating and is ranked #16 by ForexBrokers.com. This broker offers three different account types: Moneta Prime ECN, Ultra ECN, and Direct STP. The Direct STP account offers a commission-free structure, though with higher spreads and an average of 1.38 pips on EUR/USD in August 2023. For those opting for the Prime ECN account, they benefit from an average spread of 0.194 pips, though a commission of $6 per round-trip lot translates to an all-in cost of about 0.79 pips, which hovers slightly below the industry average. The Ultra ECN account is even more enticing, featuring a lower round-trip commission of $2, but it comes with the requirement of a $20,000 deposit.
While CMC Markets excels with its low-cost structure and innovative pricing schemes like FX Active, Moneta Markets offers diverse account options tailored to different trader needs, albeit requiring higher deposits for their most competitive packages. Both brokers demonstrate strong pricing strategies, but CMC Markets leads the way in cost-effectiveness and flexibility for traders of all levels.
| Feature |
CMC Markets
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | 0.61 | 1.38 |
| All-in Cost EUR/USD - Active | 0.51 | 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.
When comparing CMC Markets to Moneta Markets in terms of available investment options, CMC Markets stands out with a more extensive range. Offering 11,925 tradeable symbols and 156 forex pairs, CMC Markets provides investors with a wealth of choices. In contrast, Moneta Markets offers a smaller selection with 1,016 tradeable symbols and 54 forex pairs. Both brokers support forex trading through CFDs or spot contracts and provide the opportunity for copy trading. However, CMC Markets has the edge in offering exchange traded securities from both U.S. and international exchanges, providing direct access to popular stocks such as Apple and Vodafone. This advantage contributes to its higher 5-star rating for Range of Investments, compared to the 4 stars given to Moneta Markets.
Both CMC Markets and Moneta Markets allow trading in cryptocurrency derivatives but do not support buying the actual cryptocurrencies. Additionally, when considering reviews from ForexBrokers.com, CMC Markets is ranked #9 out of 63 brokers for Range of Investments, significantly ahead of Moneta Markets, which is ranked #35. This elevated ranking for CMC Markets underscores its broader appeal for investors seeking diverse trading opportunities across various markets.
| Feature |
CMC Markets
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 11925 | 1016 |
| Forex Pairs (Total) | 156 | 54 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | 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.
Both CMC Markets and Moneta Markets offer traders a rich array of trading tools and platform options, catering to various preferences and trading styles. They both provide access to popular MetaTrader platforms, including MT4 and MT5, as well as necessary features like copy trading and simulated paper trading accounts. However, CMC Markets boasts a proprietary trading platform, setting it apart as an in-house option. Both brokers support trading from web-based and desktop-download platforms, ensuring compatibility with Windows systems.
When comparing their features more closely, CMC Markets shines with a higher rating of 5 stars for its trading platforms and tools, ranking 4th out of 63 brokers according to ForexBrokers.com. In contrast, Moneta Markets, while credible with a commendable, 4-star rating, is ranked 33rd. CMC Markets offers more comprehensive watch list capabilities with 11 columns compared to Moneta’s 4 and provides users with 40 drawing tools. Meanwhile, Moneta Markets excels in offering 78 drawing tools and integrates more variety with ZuluTrade support, a feature not available with CMC Markets. Ultimately, both brokers present strong offerings, but CMC Markets holds a higher overall ranking and user rating in trading platforms and tools.
| Feature |
CMC Markets
|
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) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 79 | 105 |
| Charting - Drawing Tools (Total) | 40 | 78 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 4 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both CMC Markets and Moneta Markets offer mobile trading apps for iPhone and Android devices, ensuring traders can access their accounts on the go. These apps provide essential features such as stock and forex price alerts and the ability to sync watchlists between mobile and online accounts. Additionally, both platforms support drawing trendlines on charts and viewing different time frames, such as daily, weekly, or intraday. A standout feature is the auto-save drawings on charts, which both apps support. For traders keen on technical analysis, CMC Markets offers 29 technical studies, while Moneta Markets provides one more, totaling 30.
When comparing their app ratings and industry rankings, CMC Markets comes out ahead. It boasts a 5-star rating and is ranked 5th out of 63 brokers by ForexBrokers.com, reflecting its high user satisfaction and robust mobile offerings. In contrast, Moneta Markets garners a 4-star rating and holds the 36th position. Despite the difference, both apps offer the ability to create watchlists with real-time quotes, catering effectively to active traders’ needs.
| Feature |
CMC Markets
|
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 | 29 | 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.
CMC Markets and Moneta Markets both provide traders with daily market commentary and forex news from prominent sources such as Bloomberg, Reuters, and Dow Jones, ensuring a consistent flow of critical market insights. Both platforms include sentiment-based trading tools that display the ratio of long or short positions across various instruments, as well as comprehensive economic calendars that track global news events. However, CMC Markets distinguishes itself by offering technical analysis tools from Autochartist, while Moneta Markets partners with Trading Central for a diverse set of analytical features.
When evaluating their research offerings, CMC Markets earns a 5-star rating, compared to Moneta Markets' 4-star score. In the ForexBrokers.com Research category rankings, CMC Markets is placed at an impressive 6th out of 63 brokers, underscoring its strong position in market research capabilities. Moneta Markets, although respectable with a ranking of 32, lags behind CMC Markets in overall research recognition. Each platform has its unique strengths, making the choice between them largely dependent on specific research needs and preferences.
| Feature |
CMC Markets
|
Moneta Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | 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.
For those eager to learn trading, both CMC Markets and Moneta Markets provide solid educational resources, but there are notable differences in what they offer. Both brokers supply more than 10 educational pieces focusing on forex or CFDs, including articles, videos, and archived webinars. However, when it comes to live client webinars, neither CMC Markets nor Moneta Markets holds sessions monthly. A key advantage of CMC Markets is its searchable archive of past client webinars, a feature Moneta Markets does not provide.
In terms of video content tailored for newcomers, both brokers excel, each offering at least 10 beginner-focused educational videos. Advanced traders will also find at least 10 videos at either broker. Another distinguishing aspect is the availability of an investor dictionary: CMC Markets offers definitions for over 50 investing terms, whereas Moneta Markets does not. Given these features, CMC Markets holds a higher educational rating, earning 5 out of 5 stars compared to Moneta's 4-star rating. This performance is reflected in the ForexBrokers.com rankings, where CMC Markets stands at #10, while Moneta Markets ranks #33 out of 63 brokers.
| Feature |
CMC Markets
|
Moneta Markets
|
|---|---|---|
| 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 | Yes |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that CMC Markets is better than Moneta Markets. CMC Markets finished with an overall rank of #4, while Moneta Markets finished with an overall rank of #35.
CMC Markets is well-trusted across the globe, and delivers a terrific trading experience thanks to its excellent pricing and selection of over 12,000 tradeable instruments.
| Feature |
CMC Markets
|
Moneta Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 72 |
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Both CMC Markets and Moneta Markets do not offer the ability to buy actual delivered cryptocurrency, however, they do provide options to trade cryptocurrency derivatives.
CMC Markets stands out in comparison to Moneta Markets by offering greater flexibility in funding options, including ACH, SEPA, and PayPal, whereas both brokers provide support for Visa, Mastercard, and bank wires, but neither supports 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 | CMC Markets | Moneta Markets | |
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| Trust Score | 99 | 72 | |
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| Review | CMC Markets Review | Moneta Markets Review |
| Broker Screenshots | CMC Markets | Moneta Markets | |
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| Regulation | CMC Markets | Moneta Markets | |
|---|---|---|---|
| Trust Score | 99 | 72 | |
| Year Founded | 1989 | 2009 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 5 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | CMC Markets | 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) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | CMC Markets | 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 | CMC Markets | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 11925 | 1016 | |
| Forex Pairs (Total) | 156 | 54 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | CMC Markets | Moneta Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.61 | 1.38 | |
| All-in Cost EUR/USD - Active | 0.51 | 0.79 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | CMC Markets | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | CMC Markets | 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) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | CMC Markets | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 4 | |
| Charting - Indicators / Studies (Total) | 79 | 105 | |
| Charting - Drawing Tools (Total) | 40 | 78 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | CMC Markets | 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 | 29 | 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 | CMC Markets | Moneta Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | CMC Markets | Moneta Markets | |
|---|---|---|---|
| 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 | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | CMC Markets | 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 | CMC Markets Review | Moneta Markets Review |
| Overall | CMC Markets | Moneta Markets | |
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| Trust Score | 99 | 72 | |
| Winner | check_circle | ||
| Review | CMC Markets Review | Moneta Markets Review |
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