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.
Moneta Markets and Eightcap, both established in 2009, are notable names in the online brokerage sector, yet they differ significantly in their regulatory standings. Neither company is publicly traded or operates as a bank. In terms of regulatory licenses, Moneta Markets holds one Tier-2 license, garnering a ForexBrokers.com Trust Score of 71, positioning it in the average risk category. In contrast, Eightcap boasts three Tier-1 licenses, achieving a Trust Score of 85, marking it as a trusted broker.
While Moneta Markets and Eightcap share a common founding year, Eightcap stands out with its higher trust rating and stronger regulatory backing. This distinction makes Eightcap a preferable choice for those seeking a broker with a more assured reputation, thanks largely to its multiple Tier-1 licenses deemed highly reliable by ForexBrokers.com. Moneta Markets, meanwhile, offers an average level of trust but remains a viable option for individuals who are comfortable with its regulatory positioning and overall trust score.
| Feature |
Moneta Markets
|
Eightcap
|
|---|---|---|
| Year Founded | 2009 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 0 | 3 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When it comes to commissions and fees, Moneta Markets offers three account types: Prime ECN, Ultra ECN, and Direct STP. The commission-free Direct STP account has higher spreads, averaging 1.38 pips for the EUR/USD pair as of August 2023. The Prime ECN account has a more competitive average spread of 0.194 pips, with a commission of $3 per side, equating to a total cost of about 0.79 pips in fees. Meanwhile, the Ultra ECN account requires a $20,000 deposit but offers even lower commissions at $2 per round-trip lot. Moneta Markets is ranked #16 out of 63 brokers by ForexBrokers.com for its commissions and fees, with a rating of 4.5 stars.
Eightcap provides two main account types: the commission-based Raw account and the spread-only Standard account. For the Raw account, Eightcap lists a noteworthy average spread of 0.06 pips. Yet, when you add in the commission of $3.50 per side, the all-in trading cost reaches approximately 0.76 pips, placing it slightly below the industry average. Eightcap's Standard account forgoes commissions but typically comes with wider spreads. Overall, Eightcap holds a 4-star rating for its commissions and fees and is ranked #26 by ForexBrokers.com among 63 brokers.
In summary, Moneta Markets offers competitive fee structures, especially for those willing to meet higher deposit requirements, while Eightcap provides good value with its Raw account, despite being slightly more costly than the lowest-cost options. Each broker has its strengths, with Moneta Markets slightly ahead in ratings and rankings, making it a popular choice for traders focused on minimizing costs.
| 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.
Moneta Markets and Eightcap both provide opportunities for forex trading through CFDs, making them accessible options for those interested in currency trading. Moneta Markets stands out with a slightly broader selection, offering 1,016 tradeable symbols compared to Eightcap's 800. When it comes to forex pairs, however, Eightcap takes the lead, providing traders with access to 56 pairs as opposed to Moneta Markets' 45. Importantly, neither broker offers direct trading in exchange-traded securities on U.S. or international exchanges, which may be a consideration for investors looking to purchase actual company shares.
For those interested in cryptocurrency derivatives, both platforms offer this option, but neither allows the purchase of actual cryptocurrencies. A shared feature offered by both brokers is copy trading, enabling users to follow and replicate successful trading strategies. Among 63 brokers, Moneta Markets is ranked 35th in the Range of Investments category, while Eightcap is positioned slightly lower at 40th. Reflecting the breadth of offerings, Moneta Markets scores 4 out of 5 stars, whereas Eightcap earns a 3.5-star rating in this category.
| Feature |
Moneta Markets
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 800 |
| Forex Pairs (Total) | 45 | 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 provide free virtual demo accounts, allowing users to explore their trading platforms without financial risk. Neither broker boasts a proprietary, in-house developed platform, yet both offer comprehensive access to MetaTrader 4 and MetaTrader 5. Traders can access platforms via Windows-based desktop downloads and convenient web interfaces. Besides core trading features, both brokers support copy trading, but Moneta Markets stands distinct with the addition of DupliTrade, which Eightcap does not offer. While neither supports ZuluTrade, Moneta Markets and Eightcap both enable trading directly from stock charts, adding versatility to user experiences.
Regarding charting tools, Moneta Markets impresses with 78 drawing tools compared to Eightcap's 15, although the exact number of technical indicators isn't disclosed for either. When crafting watch lists, Eightcap offers seven columns for customization, exceeding Moneta Markets, which provides four. Both platforms receive commendable ratings of four stars for their trading platforms and tools. However, Moneta Markets edges out Eightcap in ForexBrokers.com rankings, placing 33rd among 63 brokers, while Eightcap ranks 38th. These subtle differences could guide traders in choosing the platform that best aligns with their trading strategy and needs.
| 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 | Yes | No |
| ZuluTrade | No | 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.
Both Moneta Markets and Eightcap deliver convenient mobile trading apps for iPhone and Android users, catering to the ever-growing on-the-go trading trend. Each platform grants users essential features such as stock and forex price alerts, the ability to draw trendlines, and the option to view charts across multiple time frames. Both apps support watchlist synchronization with online accounts, ensuring that any changes made on either the app or web platform are seamlessly updated. Furthermore, with 30 technical studies available for charting, both Moneta Markets and Eightcap equip traders with a comprehensive suite of tools to analyze market patterns effectively.
When it comes to added functionalities, both mobile apps allow for the creation of watchlists with real-time quotes and automatically save drawings on charts, providing an uninterrupted trading experience. While each app is rated four stars for mobile trading, Moneta Markets edges out slightly higher in platform rankings by ForexBrokers.com, coming in at #35 compared to Eightcap’s #38 out of 63 brokers. Traders seeking robust mobile trading capabilities will find both Moneta Markets and Eightcap to be strong contenders, each offering a suite of features designed to meet the modern trader's needs.
| 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 Moneta Markets and Eightcap for market research offerings, both platforms provide daily market commentary and maintain an economic calendar to help traders stay updated on global news events. However, Moneta Markets edges ahead by offering forex news from top-tier sources like Bloomberg and Reuters, something that Eightcap does not match. Additionally, Moneta Markets includes technical analysis tools from the renowned Trading Central, while Eightcap lacks these resources. Both brokers do, however, provide sentiment-based trading tools that display position ratios for various instruments.
Despite possessing some similar features, Moneta Markets outperforms Eightcap overall in research capabilities, reflected in its higher ForexBrokers.com rating score—Moneta Markets holds a 4-star rating, compared to Eightcap's 3.5 stars. In the broader field of 63 brokers, Moneta Markets holds the 32nd rank for research, while Eightcap is positioned at 39th. This analysis shows that Moneta Markets lends more substantial support and information to traders seeking detailed market analysis and updates.
| 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.
When comparing Moneta Markets to Eightcap in terms of educational resources for beginners, both brokers excel in offering a comprehensive selection of educational content focused on forex and CFDs. Each provides at least 10 educational pieces, such as articles and videos, tailored to those new to trading. In addition, both offer searchable archives of previously recorded webinars, although neither hosts monthly live webinars. This can be valuable for traders looking to learn at their own pace. For those specifically interested in beginner-level video content, Moneta Markets and Eightcap both satisfy with over 10 beginner videos on trading topics. Yet, Moneta Markets surpasses Eightcap by also providing over 10 advanced educational videos for seasoned traders.
Further enhancing their educational offerings, both Moneta Markets and Eightcap include an investor dictionary with definitions for over 50 investing terms, making them accessible to newcomers. However, Moneta Markets earns a slightly higher education rating of 4 stars compared to Eightcap’s 3.5 stars, reflecting their broader range of advanced learning materials. Additionally, Moneta Markets is ranked #33 by ForexBrokers.com for education, placing them ahead of Eightcap, which holds the #40 position. This suggests a slightly more comprehensive educational support structure for those starting in the trading world with Moneta Markets.
| Feature |
Moneta Markets
|
Eightcap
|
|---|---|---|
| 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 | No |
| 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 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
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Eightcap
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 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 | 71 | 85 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | Eightcap Review |
| Broker Screenshots | Moneta Markets | Eightcap | |
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| Regulation | Moneta Markets | Eightcap | |
|---|---|---|---|
| Trust Score | 71 | 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 | 0 | 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) | No | 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 | 800 | |
| Forex Pairs (Total) | 45 | 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 | Yes | No | |
| ZuluTrade | No | 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) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | 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 | 71 | 85 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | Eightcap Review |
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