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.
When comparing online brokers CMC Markets and Moneta Markets, it's clear that CMC Markets holds a stronger position in terms of trust and regulatory standing. Founded in 1989, CMC Markets is publicly traded, which often adds a layer of credibility and transparency to its operations. Their impressive portfolio includes five Tier-1 licenses and one Tier-2 license, marking them as a highly trusted entity with a Trust Score of 99 out of 99, according to ForexBrokers.com. They are not a bank, but their extensive regulatory compliance and market presence contribute to their reliability.
In contrast, Moneta Markets, established in 2009, operates as a privately owned broker and, like CMC Markets, is not a bank. While Moneta Markets holds one Tier-2 license, they currently have no Tier-1 licenses, which impacts their perceived trustworthiness. Their ForexBrokers.com Trust Score is rated at 71 out of 99, suggesting an average risk status. Although younger and less regulated than CMC Markets, Moneta Markets still offers a trusted option for some traders seeking alternative online broker services. However, for those prioritizing regulatory oversight and market trust, CMC Markets stands out as the preferable choice.
| Feature |
CMC Markets
|
Moneta Markets
|
|---|---|---|
| Year Founded | 1989 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 5 | 0 |
| 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.
CMC Markets and Moneta Markets both provide options for forex trading via CFDs or spot contracts. CMC Markets stands out with a staggering 11,925 tradable symbols, including 156 forex pairs, compared to Moneta Markets' offering of 1,016 symbols and 45 forex pairs. This advantage reflects in their offering of U.S. and international exchange-traded securities, enabling clients to purchase shares of companies like Apple and Vodafone, a feature not available with Moneta Markets. Both brokers offer the opportunity for copy trading and engaging with cryptocurrency derivatives, although purchasing actual cryptocurrencies isn't possible with either.
In terms of investment variety, CMC Markets earns a five-star rating for its comprehensive range. Ranked ninth out of 63 brokers in the Range of Investments category by ForexBrokers.com, CMC Markets significantly surpasses Moneta Markets, which holds a four-star rating and ranks 35th. Whether you're interested in a vast array of global markets or focused on specific opportunities, CMC Markets provides a more extensive range of investment options compared to Moneta Markets.
| Feature |
CMC Markets
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 11925 | 1016 |
| Forex Pairs (Total) | 156 | 45 |
| 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.
When comparing the trading platforms and tools of CMC Markets and Moneta Markets, both brokers offer useful features for traders of all levels. CMC Markets stands out with its proprietary platform, highly rated for its intuitive design and functionality, along with a Windows-based desktop platform and a web-based trading alternative. Moneta Markets also provides a comprehensive trading experience with Windows-based and web-based platforms, though it does not offer a proprietary option. Both platforms support popular trading programs, including MetaTrader 4 and MetaTrader 5. However, Moneta Markets has an edge in social trading by supporting DupliTrade, a feature not available with CMC Markets.
When it comes to charting and analysis tools, CMC Markets shines with a higher number of columns for watch lists, offering traders extensive customization with 11 fields compared to Moneta Markets' 4. Both platforms enable direct trading from stock charts, but Moneta Markets offers more drawing tools, providing 78 options versus CMC Markets' 40. In terms of user satisfaction, CMC Markets receives a perfect 5-star rating for its trading platforms and tools, ranking 4th out of 63 brokers on ForexBrokers.com. Meanwhile, Moneta Markets holds a respectable 4-star rating, positioned at 33rd place in the same category.
| 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 | Yes |
| ZuluTrade | No | No |
| 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.
When comparing the mobile trading apps of CMC Markets and Moneta Markets, both platforms cater to users on iPhone and Android devices, with each offering features such as stock and forex price alerts, watchlist symbol syncing, and the ability to draw trendlines on charts. Additionally, they allow users to view multiple time frames and auto-save chart drawings, enhancing the trading experience. CMC Markets provides access to 29 technical studies for charting, while Moneta Markets offers a slightly higher number at 30, giving users ample tools for market analysis.
Both apps enable the creation of watchlists with real-time quotes, essential for traders on the go. However, when examining user ratings and rankings by ForexBrokers.com, CMC Markets holds a significant edge with a 5-star rating compared to Moneta Markets' 4 stars. This superior rating places CMC Markets at an impressive #5 position among 63 brokers, while Moneta Markets ranks at #35. This distinction underlines CMC Markets' strong performance and user satisfaction in delivering a top-tier mobile trading app experience.
| 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.
Catering to beginners in the forex and CFD world, both CMC Markets and Moneta Markets ensure rich educational offerings. Each provides over ten educational resources such as articles, videos, and archived webinars focused on these subjects. They also feature a handy archive of previously recorded webinars — a valuable resource for learners who want to revisit content. Both brokers meet the needs of beginners by offering at least ten videos specifically catering to novice traders and cover advanced topics in another series of ten videos for experienced traders. Additionally, both platforms house an investor dictionary, explaining over 50 investment terms, aiding traders in understanding the complex terminology used in the industry.
Despite these similarities, CMC Markets emerges as the higher-rated option with a five-star education rating compared to the four stars earned by Moneta Markets. On ForexBrokers.com, CMC Markets ranks significantly higher at number ten out of 63 brokers for the Education category, while Moneta Markets sits at 33rd. This suggests that while both brokers provide solid educational resources, CMC Markets might provide a slightly more polished experience for those prioritizing educational material in their trading journey.
| Feature |
CMC Markets
|
Moneta Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | 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 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 | 71 |
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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 | 71 | |
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| Review | CMC Markets Review | Moneta Markets Review |
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| Regulation | CMC Markets | Moneta Markets | |
|---|---|---|---|
| Trust Score | 99 | 71 | |
| 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 | 0 | |
| 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 | 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) | 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 | 45 | |
| 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 | Yes | |
| ZuluTrade | No | No |
| 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 | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| 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 | 71 | |
| Winner | check_circle | ||
| Review | CMC Markets Review | Moneta Markets Review |
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