Is Eightcap better than Moneta Markets? After testing 27 of the best forex brokers over five months, Moneta Markets is better than Eightcap. As a new standalone brand within Vantage Group, Moneta Markets struggles to compete with the industry average in the core categories that are most important to forex and CFD traders
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Moneta Markets vs Eightcap 2021
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall Rating
| Feature | Moneta Markets | Eightcap |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 79 | 69 |
| Moneta Markets Review | Eightcap Review | |
| Winner | check_circle | |
Regulation
| Feature | Moneta Markets | Eightcap |
| Trust Score | 79 | 69 |
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Year Founded |
2009 | 2009 |
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Publicly Traded (Listed) |
No | No |
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Bank |
No | No |
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Tier-1 Licenses |
2 | 1 |
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Tier-2 Licenses |
0 | 0 |
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Tier-3 Licenses |
1 | 0 |
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Authorised in the European Union |
Yes | No |
Tier-1 Licenses (High Trust)
| Feature | Moneta Markets | Eightcap |
|
ASIC Authorised (Australia) |
Yes | Yes |
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IIROC Authorised (Canada) |
No | No |
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SFC Authorised (Hong Kong) |
No | No |
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FSA Authorised (Japan) |
No | No |
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MAS Authorised (Singapore) |
No | No |
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FINMA Authorised (Switzerland) |
No | No |
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FCA Authorised (UK) |
Yes | No |
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CFTC Registered (USA) |
No | No |
Investments
| Feature | Moneta Markets | Eightcap |
|
Forex Trading |
Yes | Yes |
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CFDs (Total) |
304 | 211 |
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Forex Pairs (Total) |
49 | 45 |
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Cryptocurrency (Physical) |
No | No |
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Cryptocurrency (CFD) |
Yes | Yes |
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Social Trading / Copy-Trading |
Yes | Yes |
Cost
| Feature | Moneta Markets | Eightcap |
|
Average Spread EUR/USD - Standard |
1.3 (July 2020) | N/A |
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All-in Cost EUR/USD - Active |
1.3 (July 2020) | N/A |
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Active Trader or VIP Discounts |
No | No |
Funding
| Feature | Moneta Markets | Eightcap |
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Minimum Initial Deposit |
$200.00 | $100 |
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Bank Wire (Deposit/Withdraw) |
Yes | Yes |
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Visa/Mastercard (Credit/Debit) |
Yes | Yes |
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PayPal (Deposit/Withdraw) |
Yes | No |
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Skrill (Deposit/Withdraw) |
Yes | Yes |
Trading Platforms
| Feature | Moneta Markets | Eightcap |
|
Proprietary Platform |
No | No |
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Desktop Platform (Windows) |
No | Yes |
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Web Platform |
Yes | Yes |
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Social Trading / Copy-Trading |
Yes | Yes |
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MetaTrader 4 (MT4) |
No | Yes |
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MetaTrader 5 (MT5) |
No | Yes |
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cTrader |
No | No |
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DupliTrade |
Yes | No |
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ZuluTrade |
No | No |
Trading Tools
| Feature | Moneta Markets | Eightcap |
|
Virtual Trading (Demo) |
Yes | Yes |
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Alerts - Basic Fields |
No | No |
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Watchlists - Total Fields |
3 | (Default MT4/MT5) |
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Charting - Indicators / Studies (Total) |
48 | (Default MT4/MT5) |
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Charting - Drawing Tools (Total) |
10 | (Default MT4/MT5) |
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Charting - Trade From Chart |
No | Yes |
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Charting - Drawings Autosave |
No | No |
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Order Type - Trailing Stop |
No | No |
Mobile Trading
| Feature | Moneta Markets | Eightcap |
|
Android App |
Yes | Yes |
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Apple iOS App |
Yes | Yes |
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Alerts - Basic Fields |
No | No |
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Watch List |
Yes | Yes |
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Watch List Syncing |
No | No |
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Charting - Indicators / Studies |
0 | (Default MT4/MT5) |
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Charting - Draw Trendlines |
No | No |
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Charting - Trendlines Moveable |
No | No |
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Charting - Multiple Time Frames |
Yes | No |
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Charting - Drawings Autosave |
No | No |
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Forex Calendar |
No | No |
Research
| Feature | Moneta Markets | Eightcap |
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Daily Market Commentary |
Yes | Yes |
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Forex News (Top-Tier Sources) |
Yes | No |
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Weekly Webinars |
No | No |
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AutoChartist |
No | No |
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Trading Central (Recognia) |
Yes | No |
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Delkos Research |
No | No |
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Social Sentiment - Currency Pairs |
Yes | No |
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Economic Calendar |
Yes | No |
Education
| Feature | Moneta Markets | Eightcap |
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Has Education - Forex |
No | Yes |
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Has Education - CFDs |
No | No |
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Client Webinars |
No | No |
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Client Webinars (Archived) |
No | No |
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Videos - Beginner Trading Videos |
Yes | No |
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Videos - Advanced Trading Videos |
Yes | No |
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Investor Dictionary (Glossary) |
No | Yes |
Major Forex Pairs
| Feature | Moneta Markets | Eightcap |
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GBP/USD |
Yes | Yes |
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USD/JPY |
Yes | Yes |
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EUR/USD |
Yes | Yes |
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USD/CHF |
Yes | Yes |
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USD/CAD |
Yes | Yes |
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NZD/USD |
Yes | Yes |
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AUD/USD |
Yes | Yes |
Overall
| Feature | Moneta Markets | Eightcap |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 79 | 69 |
| Moneta Markets Review | Eightcap Review |
Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 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, Eightcap 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 20 international regulator databases. Here's our findings. Moneta Markets holds 2 global Tier-1 licenses, while Eightcap holds 1. Both Eightcap and Moneta Markets hold 0 global Tier-2 licenses. All regulators considered, Moneta Markets has a Trust Score of 79.00, while Eightcap's Trust Score is 69.00.
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, Eightcap offers a better experience. With research, Moneta Markets offers superior market research. Finally, we found Eightcap 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. Eightcap and Moneta Markets both offer copy trading. Eightcap offers MetaTrader 4 (MT4), while Moneta Markets does not.
How many forex pairs and CFDs are available to trade?
Moneta Markets provides traders 49 currency pairs (e.g., EUR/USD) compared to Eightcap's 45 available pairs. Forex pairs aside, Moneta Markets offers traders access to 304 CFDs while Eightcap has 211 available CFDs, a difference of 93.
Overall winner: Moneta Markets
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Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 12/14/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.
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