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Eightcap vs Moneta Markets 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is Eightcap better than Moneta Markets? In our analysis of 23 international regulators across 39 of the best forex brokers, Eightcap is considered average-risk, with an overall Trust Score of 87 out of 99. Moneta Markets is considered average-risk, with an overall Trust Score of 71 out of 99. Learn more about Trust Score.

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Overall RatingEightcapMoneta MarketsIG
Overall Rating4 Stars4 Stars5 Stars
Commissions & Fees4 Stars4.5 Stars5 Stars
Offering of Investments4 Stars4 Stars5 Stars
Platform & Tools4 Stars4 Stars5 Stars
Mobile Trading4 Stars4 Stars5 Stars
Research3.5 Stars4 Stars5 Stars
Education3.5 Stars3.5 Stars5 Stars
Trust Score877199
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ReviewEightcap ReviewMoneta Markets ReviewIG Review
RegulationEightcapMoneta MarketsIG
Trust Score877199
Year Founded200920091974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Tier-1 Licenses227
Tier-2 Licenses112
Tier-3 Licenses101
Authorised in European UnionYesYesYes
About RegulationA “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)EightcapMoneta MarketsIG
ASIC Authorised (Australia)YesYesYes
IIROC Authorised (Canada)NoNoNo
SFC Authorised (Hong Kong)NoNoNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)NoNoYes
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)YesNoYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)NoNoYes
Tier-2 Licenses (Average Trust)EightcapMoneta MarketsIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)YesNoNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)NoNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)NoYesYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)NoNoYes
Tier-3 Licenses (Low Trust)EightcapMoneta MarketsIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)NoNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoNoNo
FSC Authorised (Mauritius)NoNoNo
VFSC Authorised (Vanuatu)YesNoNo
InvestmentsEightcapMoneta MarketsIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)32696519537
Forex Pairs (Total)4554100
U.S. Stock Trading (Non CFD)NoNoYes
Int'l Stock Trading (Non CFD)NoNoYes
Social Trading / Copy TradingYesYesYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
DisclaimersNote: 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).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).
CostEightcapMoneta MarketsIG
Average Spread EUR/USD - Standard1.0 (Aug 2022)1.27 (September 2022)0.86 (September 2022)
All-in Cost EUR/USD - Active0.760.77 (September 2022)0.5957 (September 2022)
Active Trader or VIP DiscountsNoNoYes
Execution: Agency BrokerYesNoYes
Execution: Market MakerYesYesYes
FundingEightcapMoneta MarketsIG
Minimum Initial Deposit$100$50£250.00
PayPal (Deposit/Withdraw)YesNoYes
Skrill (Deposit/Withdraw)YesNoNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsEightcapMoneta MarketsIG
Proprietary PlatformNoNoYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)YesYesNo
cTraderNoNoNo
DupliTradeNoYesNo
ZuluTradeNoYesNo
Trading ToolsEightcapMoneta MarketsIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields7414
Charting - Indicators / Studies (Total)3010233
Charting - Drawing Tools (Total)157820
Charting - Trade From ChartYesYesYes
Charts can be savedYesYesYes
Mobile TradingEightcapMoneta MarketsIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingNoNoYes
Mobile Charting - Indicators / Studies303033
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveNoYesYes
Forex CalendarYesYesYes
ResearchEightcapMoneta MarketsIG
Daily Market CommentaryYesYesYes
Forex News (Top-Tier Sources)NoYesYes
AutochartistNoNoYes
Trading Central (Recognia)NoYesNo
Social Sentiment - Currency PairsNoYesYes
Economic CalendarNoYesYes
EducationEightcapMoneta MarketsIG
Has Education - Forex or CFDsYesYesYes
Client WebinarsNoNoYes
Client Webinars (Archived)YesNoYes
Videos - Beginner Trading VideosYesYesYes
Videos - Advanced Trading VideosNoYesYes
Investor Dictionary (Glossary)YesNoYes
Major Forex PairsEightcapMoneta MarketsIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewEightcap ReviewMoneta Markets ReviewIG Review
OverallEightcapMoneta MarketsIG
Overall Rating4 Stars4 Stars5 Stars
Commissions & Fees4 Stars4.5 Stars5 Stars
Offering of Investments4 Stars4 Stars5 Stars
Platform & Tools4 Stars4 Stars5 Stars
Mobile Trading4 Stars4 Stars5 Stars
Research3.5 Stars4 Stars5 Stars
Education3.5 Stars3.5 Stars5 Stars
Trust Score877199
Winnercheck_circle
ReviewEightcap ReviewMoneta Markets ReviewIG Review
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Eightcap vs Moneta Markets Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Eightcap vs Moneta Markets.

Does Eightcap or Moneta Markets offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.

Is Eightcap or Moneta Markets safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both Eightcap and Moneta Markets hold 2 global Tier-1 licenses. Both Eightcap and Moneta Markets hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, Eightcap earned a higher Trust Score than Moneta Markets.

Which trading platform is better: Eightcap or Moneta Markets?

To compare the trading platforms of both Eightcap and Moneta Markets, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both Eightcap and Moneta Markets offer MetaTrader 4 (MT4).Eightcap and Moneta Markets both offer copy trading.

How many forex pairs and CFDs are available to trade?

Moneta Markets provides traders 54 currency pairs (e.g., EUR/USD) compared to Eightcap's 45 available pairs. Forex pairs aside, Moneta Markets offers traders access to 965 CFDs while Eightcap has 326 available CFDs, a difference of 639.

Can I trust Eightcap?

Eightcap is not publicly traded and does not operate a bank. Eightcap is authorised by two tier-1 regulators (high trust), one tier-2 regulators (average trust), and one tier-3 regulators (low trust). Eightcap is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA) and the Australian Securities & Investment Commission (ASIC).

Can I trust Moneta Markets?

Moneta Markets is not publicly traded and does not operate a bank. Moneta Markets is authorised by one tier-1 regulators (high trust), one tier-2 regulators (average trust), and one tier-3 regulator (low trust). Moneta Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

Is Eightcap good?

Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins and access to Capitalise.ai’s algorithmic trading platform.

Is Moneta Markets good?

Moneta Markets is a new brand under parent company Vantage Group, which offers traders the MetaTrader suite of platforms as well as a basic web and mobile app. While it does support a decent range of third-party features, Moneta Markets has lackluster research and educational offerings, and its pricing is average.

Overall winner: IG

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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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