Written by ForexBrokers.com
In this head to head comparison of Moneta Markets vs Eightcap, 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.
Both Moneta Markets and Eightcap aim to provide reliable online trading services for their clients, having been founded in 2009. Neither is publicly traded or operates as a bank. Looking into their regulatory standings, Moneta Markets holds one Tier-1 license and one Tier-2 license, affording it an "average risk" trust score of 72 out of 99 according to ForexBrokers.com. This suggests Moneta Markets is a stable yet slightly above average risk broker relative to the safety ratings provided by ForexBrokers.com.
In contrast, Eightcap stands out with three Tier-1 licenses, which contributes to a higher trust score of 85, indicating it is a "trusted" broker per ForexBrokers.com's assessments. While both brokers share the same founding year and are not affiliated with any banking institutions, Eightcap's regulatory strength and trust rating may offer additional peace of mind for traders prioritizing security and regulatory compliance.
| Feature |
Moneta Markets
|
Eightcap
|
|---|---|---|
| Year Founded | 2009 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 3 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of Moneta Markets and Eightcap, customers should note the differences depending on their chosen account type. Moneta Markets provides three account options: the commission-free Direct STP account, and the commission-based Moneta Prime ECN and Ultra ECN accounts. The Direct STP account offers average spreads of 1.38 pips for the EUR/USD pair, but traders opting for the Prime ECN account face an average spread of 0.194 pips with a commission of $3 per side for each 100,000 units traded. This results in an all-in cost of about 0.79 pips. The Ultra ECN account presents even lower commissions, at $2 per round-turn lot, though it requires a $20,000 deposit. Despite its range of options, Moneta Markets still falls short compared to the top forex brokers.
On the other hand, Eightcap offers two main account types across its global entities, including in Australia and the Bahamas. Traders can choose between the commission-based Raw account and the spread-only Standard account. For the Raw account, Eightcap reports an average spread of 0.06 pips. However, including a per-side commission of $3.50 per trade, the total cost comes to about 0.76 pips, which is just below the industry average of 0.8 pips. Although Eightcap is slightly more expensive compared to the lowest-cost forex brokers, it offers competitive pricing within the market.
In terms of ratings, Moneta Markets earns a commendable 4.5 stars for commissions and fees, ranking it 16th out of 62 brokers evaluated by ForexBrokers.com. Conversely, Eightcap holds a rating of 4 stars and is positioned 26th within the same category rankings. These ratings reflect relative affordability and quality in their pricing structures within the forex trading landscape.
| Feature |
Moneta Markets
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $50 | $100 |
| Average Spread EUR/USD - Standard | 1.38 | 1.0 |
| All-in Cost EUR/USD - Active | 0.79 | 0.76 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Moneta Markets and Eightcap in terms of investment offerings, both brokers provide forex trading through CFDs or spot contracts, giving investors flexibility to engage in currency markets. Moneta Markets shines with a comprehensive selection of 1,016 tradeable symbols compared to Eightcap's 736, but Eightcap slightly edges out with 56 forex pairs against Moneta Market's 54. Neither platform supplies exchange-traded securities on U.S. or international exchanges, meaning direct investment in major companies like Apple or Vodafone isn't an option. However, both brokers do allow for copy trading and the purchase of cryptocurrency derivatives, though they do not support transactions involving the actual digital currencies.
Moneta Markets garners a higher rating of 4 stars for its range of investment options, compared to Eightcap's 3.5 stars, with rankings at 35th and 40th respectively among 62 brokers reviewed by ForexBrokers.com. This suggests Moneta Markets could be more appealing for those seeking broader tradeable options. Nonetheless, investors must assess their personal trading preferences and strategies when choosing between these platforms to ensure alignment with their investment goals.
| Feature |
Moneta Markets
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 736 |
| Forex Pairs (Total) | 54 | 56 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | 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 Moneta Markets and Eightcap offer free virtual demo accounts, allowing users to try out their trading services in a risk-free environment. Neither broker has a proprietary trading platform, but they support popular third-party options like MetaTrader 4 and MetaTrader 5, which are accessible via both Windows-based desktop and web platforms. Both companies enable copy trading, though Moneta Markets stands out by offering support for ZuluTrade while Eightcap does not. Additionally, Eightcap offers a more extensive watch list feature with seven columns compared to Moneta Markets' four.
While both brokers have similar ratings of four stars for their trading platforms and tools, there are differences in their offerings. Moneta Markets provides 78 drawing tools for charting, significantly more than Eightcap's 15, which could appeal to traders who need a wide range of analysis options. Both brokers allow trading directly from stock charts. According to ForexBrokers.com, Moneta Markets is ranked at number 33 out of 62 in the Trading Platforms and Tools category, slightly higher than Eightcap, which is ranked 38. This subtle edge might make Moneta Markets more appealing for those particularly focused on platform tools and capabilities.
| Feature |
Moneta Markets
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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 | Yes | No |
| Charting - Indicators / Studies (Total) | 105 | 30 |
| Charting - Drawing Tools (Total) | 78 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 4 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Moneta Markets and Eightcap, both brokers provide a comprehensive suite of features for traders on the go. Available for both iPhone and Android devices, these apps offer essential tools such as stock and forex price alerts, watchlist syncing capabilities, and the ability to view multiple time frames on charts. Both platforms excel in technical analysis, each offering 30 technical studies along with options to draw trendlines and auto-save your chart drawings. Creating a watchlist with real-time quotes is also a seamless experience on both apps, making it easy for traders to monitor their investments closely.
In terms of user ratings, Moneta Markets and Eightcap both earn a solid 4 out of 5 stars for their mobile trading apps. According to ForexBrokers.com, Moneta Markets holds a slightly higher rank at #36 compared to Eightcap's rank of #38 out of 62 brokers. Despite the close competition, both platforms deliver a user-friendly experience with a suite of features that cater to both novice and experienced traders, allowing smooth integration with online accounts and in-depth technical analysis on mobile.
| Feature |
Moneta Markets
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | 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 comparing the market research offerings of Moneta Markets and Eightcap, both brokers provide daily market commentary, ensuring traders are up-to-date with the latest developments. However, Moneta Markets has the upper hand by offering forex news from top-tier sources like Bloomberg and Reuters, which Eightcap does not. Both platforms fall short of providing technical or fundamental research tools from Autochartist, but Moneta Markets includes valuable insight with Trading Central's technical analytics, an advantage over Eightcap in the realm of technical analysis tools.
In terms of sentiment analysis tools, both Moneta Markets and Eightcap empower traders with tools that reveal the ratio of long versus short positions. They also provide economic calendars to keep traders informed of key global events. Despite sharing these features, Moneta Markets emerges as a stronger choice for research, earning a 4-star rating compared to Eightcap’s 3.5 stars. This difference in features and quality contributes to Moneta Markets’ higher rank of #32 out of 62 brokers in ForexBrokers.com's research category, whereas Eightcap is positioned at #39.
| Feature |
Moneta Markets
|
Eightcap
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| 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.
Both Moneta Markets and Eightcap provide educational resources for those interested in forex and CFDs, offering a minimum of ten educational pieces such as articles, videos, and archived webinars. However, when it comes to online educational client webinars, neither Moneta Markets nor Eightcap fulfills the expectation of offering at least one webinar per month. Additionally, while Moneta Markets does not maintain a searchable archive of past webinars, Eightcap does, giving users an opportunity to access previously recorded sessions conveniently. For beginners, both brokers provide at least ten educational videos focusing on trading basics, ensuring newcomers have access to essential learning materials.
When delving into more advanced topics, Moneta Markets stands out by offering at least ten educational videos designed for experienced traders, a feature that Eightcap lacks. Conversely, Eightcap distinguishes itself with an investor dictionary containing definitions for over 50 investing terms, an offering not available with Moneta Markets. These differences contribute to Moneta Markets receiving a higher education rating of 4 stars compared to Eightcap's 3.5 stars. Rankings by ForexBrokers.com further highlight these distinctions, positioning Moneta Markets at #33 for education out of 62 brokers, while Eightcap is ranked at #40.
| Feature |
Moneta Markets
|
Eightcap
|
|---|---|---|
| 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 | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Moneta Markets is better than Eightcap. Moneta Markets finished with an overall rank of #35, while Eightcap finished with an overall rank of #38.
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.
| Feature |
Moneta Markets
|
Eightcap
|
|---|---|---|
| Overall Rating |
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| Trust Score | 72 | 85 |
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Neither Moneta Markets nor Eightcap provide the option to purchase actual delivered cryptocurrency, but both brokers offer the ability to trade cryptocurrency derivatives.
In a comparison of online brokers, while both Moneta Markets and Eightcap offer Visa/Mastercard and bank wire options for depositing or withdrawing funds, Eightcap distinguishes itself by providing additional payment methods such as PayPal and Skrill, which Moneta Markets does not support, and neither broker offers ACH or SEPA transfer options.
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 | Moneta Markets | Eightcap | |
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| Trust Score | 72 | 85 | |
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| Review | Moneta Markets Review | Eightcap Review |
| Broker Screenshots | Moneta Markets | Eightcap | |
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| Regulation | Moneta Markets | Eightcap | |
|---|---|---|---|
| Trust Score | 72 | 85 | |
| Year Founded | 2009 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 3 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Moneta Markets | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | Moneta Markets | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Moneta Markets | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1016 | 736 | |
| Forex Pairs (Total) | 54 | 56 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | 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 | Moneta Markets | Eightcap | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.38 | 1.0 | |
| All-in Cost EUR/USD - Active | 0.79 | 0.76 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Moneta Markets | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $50 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Moneta Markets | Eightcap | |
|---|---|---|---|
| Proprietary Platform | No | 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 | Yes | No |
| Trading Tools | Moneta Markets | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 4 | 7 | |
| Charting - Indicators / Studies (Total) | 105 | 30 | |
| Charting - Drawing Tools (Total) | 78 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Moneta Markets | Eightcap | |
|---|---|---|---|
| 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 | 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 | Moneta Markets | Eightcap | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Moneta Markets | Eightcap | |
|---|---|---|---|
| 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 | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Moneta Markets | Eightcap | |
|---|---|---|---|
| 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 | Eightcap Review |
| Overall | Moneta Markets | Eightcap | |
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| Trust Score | 72 | 85 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | Eightcap Review |
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