Written by ForexBrokers.com
In this head to head comparison of DooPrime 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 DooPrime and Moneta Markets, several regulatory differences are evident. Founded in 2014, DooPrime boasts four Tier-1 licenses, which signify a high level of trust, and no Tier-2 licenses. Moneta Markets, established in 2009, has not acquired any Tier-1 licenses but holds one Tier-2 license, indicating a trusted status. Neither DooPrime nor Moneta Markets is publicly traded or operates as a bank.
Trust scores from ForexBrokers.com place DooPrime with a score of 83, marking it as trusted, whereas Moneta Markets has a score of 71, categorizing it as presenting an average risk. This difference highlights the greater level of trust afforded to DooPrime due to its regulatory compliance status. Overall, these trust scores reflect the varying security levels each broker offers to potential investors seeking reliable online trading platforms.
| Feature |
DooPrime
|
Moneta Markets
|
|---|---|---|
| Year Founded | 2014 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 0 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When considering online brokers, it's essential to understand their commission structures and fees to select the best option for your trading needs. DooPrime has received a 3-star rating for commissions and fees, which places it at a lower rank of 59 out of 63 brokers according to ForexBrokers.com. Unfortunately, specific details about the average spread at DooPrime are not available to further assess its competitive edge.
Moneta Markets, on the other hand, offers various account types that impact trading costs. Their Direct STP account is commission-free but carries an average spread of 1.38 pips for the EUR/USD pair as of August 2023, which may be higher for some traders. In contrast, their Prime ECN account charges a commission of $3 per side for every 100,000 units, with spreads averaging 0.194 pips, leading to a total cost of approximately 0.79 pips. For more experienced traders with a higher initial deposit, the Ultra ECN account offers tighter spreads and a lower commission of $2 per round-trip, requiring a $20,000 deposit.
Overall, Moneta Markets is rated more favorably with 4.5 stars, placing it at the 16th spot out of 63 brokers in the commissions and fees category by ForexBrokers.com. While it has competitive pricing particularly in its Prime and Ultra ECN accounts, it may not yet reach the level of the top forex brokers in terms of trading costs. Each trader should consider their trading volume and initial deposit when choosing between DooPrime and Moneta Markets to optimize their trading expenses.
| Feature |
DooPrime
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | $100 | $50 |
| Average Spread EUR/USD - Standard | N/A | 1.38 |
| All-in Cost EUR/USD - Active | N/A | 0.79 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments available at DooPrime and Moneta Markets, both brokers provide options for trading forex as CFDs or spot contracts. However, DooPrime stands out with a remarkable 10,000 tradeable symbols, while Moneta Markets offers 1,016. In terms of forex pairs, DooPrime provides 60 options compared to Moneta Markets' 45. A significant advantage of choosing DooPrime is their access to exchange-traded securities on both U.S. and international markets, allowing clients to purchase shares like Apple and Vodafone. Moneta Markets, by contrast, does not offer exchange-traded securities on these exchanges.
Both brokers support copy trading, but when it comes to cryptocurrencies, neither allows for the purchase of actual digital coins. Moneta Markets does, however, offer cryptocurrency derivatives, unlike DooPrime. In the realm of investment range ratings, DooPrime receives a 5-star rating and is ranked 12th out of 63 brokers by ForexBrokers.com, while Moneta Markets gets 4 stars and ranks 35th. Overall, DooPrime offers a wider variety of investment opportunities, making it a more versatile choice for traders seeking extensive options.
| Feature |
DooPrime
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 1016 |
| Forex Pairs (Total) | 60 | 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) | No | 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 considering online brokers for trading platforms and tools, both DooPrime and Moneta Markets offer a comprehensive array of options catered to different trading needs. DooPrime stands out with its proprietary platform, providing a unique trading experience developed in-house, while Moneta Markets relies on external platforms. Both brokers support popular platforms like MetaTrader 4 and 5, and offer the convenience of web-based and Windows desktop trading. Aspiring traders will appreciate the availability of free virtual demo accounts from both brokers, allowing them to sharpen their skills without risking real money.
For charting tools, Moneta Markets provides an impressive 78 drawing tools, significantly more than DooPrime's 15, which may appeal to traders who prioritize advanced chart analysis. However, DooPrime offers more customizable watch list fields, supporting a more tailored trading setup. Both brokers enable trading directly from stock charts, enhancing user experience. Rated at 4 stars for trading platforms and tools, DooPrime is ranked #25 by ForexBrokers.com, slightly ahead of Moneta Markets, which holds the #33 position. Each broker offers copy trading, yet Moneta Markets has the added advantage of DupliTrade integration, catering to a variety of trading preferences.
| Feature |
DooPrime
|
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) | 30 | 105 |
| Charting - Drawing Tools (Total) | 15 | 78 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 4 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of DooPrime and Moneta Markets, both brokers provide robust platforms available for both iPhone and Android users. These apps enable users to receive stock and forex price alerts, create watchlists with real-time quotes, and draw trendlines on charts. Each app supports viewing multiple time frames such as daily, weekly, or intraday, and both automatically save chart drawings. Despite these similarities, a key difference is that the Moneta Markets app allows watchlist symbol syncing with the user’s online account, while DooPrime does not offer this feature.
Both DooPrime and Moneta Markets offer 30 technical studies for charting within their apps, ensuring traders have the necessary tools for analysis. The overall user ratings for mobile trading experiences are equally favorable, with both brokers earning a solid 4-star rating. However, DooPrime slightly edges out Moneta Markets in the rankings by ForexBrokers.com, placing 25th out of 63 brokers compared to Moneta Markets’ position at 35th. This might make DooPrime a more favorable choice for those prioritizing app performance, while Moneta Markets might appeal to users seeking seamless watchlist updates between devices.
| Feature |
DooPrime
|
Moneta Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 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.
When looking at DooPrime and Moneta Markets, both online brokers provide a comprehensive suite of market research tools that cater to traders seeking insightful data. Both companies offer daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters, keeping traders informed with the latest market updates. They each also have partnerships with Trading Central to deliver advanced technical analytics, enhancing traders’ decision-making processes. Additionally, both DooPrime and Moneta Markets provide an economic calendar to track important global events that could impact trading strategies.
Despite these similarities, Moneta Markets offers a bit more with a sentiment-based trading tool, which provides insight into long and short positions across different instruments—a feature that DooPrime does not include. As a result of these offerings, both brokers have earned a 4-star rating for their research services, with DooPrime ranked slightly higher at 29th place compared to Moneta Markets’ 32nd rank among 63 brokers on ForexBrokers.com. Ultimately, while comparable in many areas, the choice between them might hinge on the desire for sentiment analysis, which gives Moneta Markets a small edge for traders interested in this feature.
| Feature |
DooPrime
|
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 | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing DooPrime and Moneta Markets for beginner educational resources, both online brokers provide a substantial number of educational materials on forex and CFDs, offering over 10 pieces such as articles and videos. Both platforms ensure that beginners have access to at least 10 specific videos aimed at helping newcomers get acquainted with trading. However, DooPrime and Moneta Markets do not offer monthly webinars, which could benefit those who value interactive learning sessions.
Moneta Markets sets itself apart by providing an archive of previously recorded webinars, which can be a useful resource for those who prefer on-demand learning. Furthermore, Moneta Markets offers an investor dictionary with definitions for over 50 investing terms, helping newcomers understand the terminology better. While both brokers share a four-star rating for education, DooPrime is ranked higher at #25 compared to Moneta Markets' #33 for educational offerings among 63 brokers reviewed by ForexBrokers.com.
| Feature |
DooPrime
|
Moneta Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that DooPrime is better than Moneta Markets. DooPrime finished with an overall rank of #28, while Moneta Markets finished with an overall rank of #35.
DooPrime is mainly regulated in the UK, as well as two offshore locations (Vanuatu and Mauritius), and offers 10,000 investment products, and multiple platforms including the full MetaTrader suite, and social copy trading platforms. That said, DooPrime trails behind the best brokers in key categories.
| Feature |
DooPrime
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Moneta Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 71 |
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When comparing online brokers DooPrime and Moneta Markets, neither offers the ability to buy actual delivered cryptocurrency, but Moneta Markets provides the option to purchase cryptocurrency derivatives, whereas DooPrime does not.
When comparing online brokers DooPrime and Moneta Markets, both provide Visa and Mastercard along with bank wires for depositing or withdrawing funds; however, DooPrime offers additional convenience with PayPal and Skrill, options not available with Moneta Markets.
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 | DooPrime | Moneta Markets | |
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| Trust Score | 83 | 71 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
| Broker Screenshots | DooPrime | Moneta Markets | |
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| Regulation | DooPrime | Moneta Markets | |
|---|---|---|---|
| Trust Score | 83 | 71 | |
| Year Founded | 2014 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 4 | 0 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | Moneta Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | 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). | No | No |
| Tier-2 Licenses (Trusted) | DooPrime | Moneta Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | DooPrime | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 1016 | |
| Forex Pairs (Total) | 60 | 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) | No | 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 | DooPrime | Moneta Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.38 | |
| All-in Cost EUR/USD - Active | N/A | 0.79 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | $100 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | DooPrime | 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 | DooPrime | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 4 | |
| Charting - Indicators / Studies (Total) | 30 | 105 | |
| Charting - Drawing Tools (Total) | 15 | 78 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | DooPrime | Moneta Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 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 | DooPrime | 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 | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | Moneta Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | DooPrime | 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 | Moneta Markets Review |
| Overall | DooPrime | Moneta Markets | |
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| Trust Score | 83 | 71 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
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