Written by ForexBrokers.com
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.
| Overall Rating | Eightcap | Moneta Markets | IG |
|---|---|---|---|
| Overall Rating | |||
| Commissions & Fees | |||
| Offering of Investments | |||
| Platform & Tools | |||
| Mobile Trading | |||
| Research | |||
| Education | |||
| Trust Score | 87 | 71 | 99 |
| Winner | check_circle | ||
| Review | Eightcap Review | Moneta Markets Review | IG Review |
| Regulation | Eightcap | Moneta Markets | IG |
|---|---|---|---|
| Trust Score | 87 | 71 | 99 |
| Year Founded | 2009 | 2009 | 1974 |
| Publicly Traded (Listed) | No | No | Yes |
| Bank | No | No | Yes |
| Tier-1 Licenses | 2 | 2 | 7 |
| Tier-2 Licenses | 1 | 1 | 2 |
| Tier-3 Licenses | 1 | 0 | 1 |
| Authorised in European Union | Yes | Yes | Yes |
| About Regulation | 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. | 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) | Eightcap | Moneta Markets | IG |
|---|---|---|---|
| ASIC Authorised (Australia) | Yes | Yes | Yes |
| IIROC Authorised (Canada) | No | No | No |
| SFC Authorised (Hong Kong) | No | No | No |
| CBI Authorised (Ireland) | No | No | No |
| FSA Authorised (Japan) | No | No | Yes |
| MAS Authorised (Singapore) | No | No | Yes |
| FINMA Authorised (Switzerland) | No | No | Yes |
| FCA Authorised (U.K.) | Yes | No | Yes |
| CFTC Registered (USA) | No | No | Yes |
| FMA Authorised (New Zealand) | No | No | Yes |
| Tier-2 Licenses (Average Trust) | Eightcap | Moneta Markets | IG |
|---|---|---|---|
| CBRC Authorised (China) | No | No | No |
| CySEC Authorised (Cyprus) | Yes | No | No |
| SEBI Authorised (India) | No | No | No |
| ISA Authorised (Israel) | No | No | No |
| CBR Authorised (Russia) | No | No | No |
| FSCA Authorised (South Africa) | No | Yes | Yes |
| SEC Authorised (Thailand) | No | No | No |
| DFSA / Central Bank Authorised (UAE) | No | No | Yes |
| Tier-3 Licenses (Low Trust) | Eightcap | Moneta Markets | IG |
|---|---|---|---|
| SCB Authorised (Bahamas) | No | No | No |
| IFSC Authorised (Belize) | No | No | No |
| CIMA Authorised (Cayman Islands) | No | No | No |
| BMA Authorised (Bermuda) | No | No | Yes |
| FSC Authorised (British Virgin Islands) | No | No | No |
| FSC Authorised (Mauritius) | No | No | No |
| VFSC Authorised (Vanuatu) | Yes | No | No |
| Investments | Eightcap | Moneta Markets | IG |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | Yes |
| Tradeable Symbols (Total) | 326 | 965 | 19537 |
| Forex Pairs (Total) | 45 | 54 | 100 |
| U.S. Stock Trading (Non CFD) | No | No | Yes |
| Int'l Stock Trading (Non CFD) | No | No | Yes |
| Social Trading / Copy Trading | Yes | Yes | Yes |
| Cryptocurrency (Physical) | No | No | No |
| Cryptocurrency (CFD) | Yes | 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). | 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 | Eightcap | Moneta Markets | IG |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.0 (Aug 2022) | 1.27 (September 2022) | 0.86 (September 2022) |
| All-in Cost EUR/USD - Active | 0.76 | 0.77 (September 2022) | 0.5957 (September 2022) |
| Active Trader or VIP Discounts | No | No | Yes |
| Execution: Agency Broker | Yes | No | Yes |
| Execution: Market Maker | Yes | Yes | Yes |
| Funding | Eightcap | Moneta Markets | IG |
|---|---|---|---|
| Minimum Initial Deposit | $100 | $50 | £250.00 |
| PayPal (Deposit/Withdraw) | Yes | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | No | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | Yes |
| Trading Platforms | Eightcap | Moneta Markets | IG |
|---|---|---|---|
| Proprietary Platform | No | No | Yes |
| Desktop Platform (Windows) | Yes | Yes | Yes |
| Web Platform | Yes | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes | No |
| cTrader | No | No | No |
| DupliTrade | No | Yes | No |
| ZuluTrade | No | Yes | No |
| Trading Tools | Eightcap | Moneta Markets | IG |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | Yes |
| Alerts - Basic Fields | Yes | Yes | Yes |
| Watchlists - Total Fields | 7 | 4 | 14 |
| Charting - Indicators / Studies (Total) | 30 | 102 | 33 |
| Charting - Drawing Tools (Total) | 15 | 78 | 20 |
| Charting - Trade From Chart | Yes | Yes | Yes |
| Charts can be saved | Yes | Yes | Yes |
| Mobile Trading | Eightcap | Moneta Markets | IG |
|---|---|---|---|
| Android App | Yes | Yes | Yes |
| Apple iOS App | Yes | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes | Yes |
| Mobile Watchlist | Yes | Yes | Yes |
| Watchlist Syncing | No | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 | 33 |
| Mobile Charting - Draw Trendlines | Yes | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes | Yes |
| Forex Calendar | Yes | Yes | Yes |
| Research | Eightcap | Moneta Markets | IG |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes | Yes |
| Autochartist | No | No | Yes |
| Trading Central (Recognia) | No | Yes | No |
| Social Sentiment - Currency Pairs | No | Yes | Yes |
| Economic Calendar | No | Yes | Yes |
| Education | Eightcap | Moneta Markets | IG |
|---|---|---|---|
| Has Education - Forex or CFDs | Yes | Yes | Yes |
| Client Webinars | No | No | Yes |
| Client Webinars (Archived) | Yes | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | No | Yes |
| Major Forex Pairs | Eightcap | Moneta Markets | IG |
|---|---|---|---|
| GBP/USD | Yes | Yes | Yes |
| USD/JPY | Yes | Yes | Yes |
| EUR/USD | Yes | Yes | Yes |
| USD/CHF | Yes | Yes | Yes |
| USD/CAD | Yes | Yes | Yes |
| NZD/USD | Yes | Yes | Yes |
| AUD/USD | Yes | Yes | Yes |
| Review | Eightcap Review | Moneta Markets Review | IG Review |
| Overall | Eightcap | Moneta Markets | IG |
|---|---|---|---|
| Overall Rating | |||
| Commissions & Fees | |||
| Offering of Investments | |||
| Platform & Tools | |||
| Mobile Trading | |||
| Research | |||
| Education | |||
| Trust Score | 87 | 71 | 99 |
| Winner | check_circle | ||
| Review | Eightcap Review | Moneta Markets Review | IG Review |
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.
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.
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.
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.
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.
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.
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).
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).
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.
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
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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