Written by ForexBrokers.com
In this head to head comparison of eToro vs Moneta Markets, 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.
When comparing eToro and Moneta Markets, the two online brokers show distinct differences in terms of trust and regulation. eToro, founded in 2007, stands as a more established entity and is publicly traded, which often adds a layer of transparency for potential investors. It boasts a high ForexBrokers.com Trust Score of 96 out of 99, affirming its reputation as highly trusted. This is supported by its possession of three Tier-1 licenses and one Tier-2 license, indicating strong regulatory compliance. In contrast, Moneta Markets, founded in 2009, is not publicly traded and has a Trust Score of 71, reflecting an average risk level. It holds one Tier-2 license but lacks any Tier-1 licenses, suggesting a need for cautious consideration by prospective clients.
Neither eToro nor Moneta Markets operate as banks, but eToro's advantage in regulatory credentials, with multiple Tier-1 licenses, may appeal to those prioritizing trust and transparency. While both brokers serve as viable options for online trading, eToro's regulatory standing and public trading status potentially offer a greater sense of security for investors. In contrast, Moneta Markets might require additional research for those concerned about regulatory assurances, despite its sufficient trust rating. The choice between these two brokers should thus consider individual priorities, such as the importance of regulatory oversight and the benefits of a publicly listed company.
| Feature |
eToro
|
Moneta Markets
|
|---|---|---|
| Year Founded | 2007 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 0 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
eToro and Moneta Markets offer distinct structures when it comes to commissions and fees, catering to different trader preferences. eToro is recognized for its market-maker model, presenting a variable spread starting at 1 pip on the EUR/USD pair, which is slightly above the industry norm. While eToro's trading fees might not attract those seeking competitive spreads, its standout feature is its social copy trading platform. Additionally, eToro offers a VIP club membership with five tiers, ranging from Silver to Diamond, requiring account balances between $5,000 and $250,000. These tiers provide various benefits, such as access to Trading Central and discounted withdrawal fees. On the rating front, eToro scores 4.5 out of 5 stars for commissions and fees, ranking 22nd out of 63 brokers according to ForexBrokers.com.
In contrast, Moneta Markets provides three account options, affecting trading costs variably. Their commission-free Direct STP account offers a higher average spread of 1.38 pips on the EUR/USD pair, while the commission-based Prime ECN and Ultra ECN accounts provide more enticing spreads for traders. For instance, the Prime ECN account lists an average spread of 0.194 pips with a commission of $6 per round-turn, bringing its all-in cost to 0.79 pips, which is slightly lower than the industry average. Meanwhile, the Ultra ECN account charges a lower commission of $2 for round-trips but requires a $20,000 deposit to start. Moneta Markets also scores 4.5 out of 5 stars for commissions and fees and is ranked 16th among 63 brokers by ForexBrokers.com.
Both eToro and Moneta Markets offer noteworthy services catering to their clientele's varying needs. eToro appeals more to traders interested in social trading and exclusive VIP offerings, whereas Moneta Markets' structured pricing suits those enthusiastic about spread efficiency and commission-based accounts. Despite their unique advantages, eToro comes in at position 22 and Moneta Markets at position 16, signifying strong competition within the sector. Whether your priority is social trading features or competitive costs per trade, both of these brokers offer compelling packages to different types of traders.
| Feature |
eToro
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $50 |
| Average Spread EUR/USD - Standard | 1 | 1.38 |
| All-in Cost EUR/USD - Active | N/A | 0.79 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
eToro and Moneta Markets both provide a spectrum of investment opportunities, yet they cater to slightly different investor needs. eToro shines with a diverse portfolio that includes 5461 tradeable symbols, surpassing Moneta Markets' offering of 1016. It allows users to engage in forex trading with 55 pairs, compared to Moneta Markets' 45 pairs. Significantly, eToro grants access to buying exchange-traded securities directly on both U.S. and international exchanges, giving clients the ability to invest in well-known companies like Apple and Vodafone, an option that's not available with Moneta Markets. Moreover, eToro offers the convenience of purchasing actual cryptocurrencies, unlike Moneta Markets, which only provides cryptocurrency derivatives.
Another distinguishing feature of eToro is its popular copy trading option, a feature that is also available with Moneta Markets. Nonetheless, eToro’s broader investment range has earned it a 5-star rating for its range of investments, placing it 10th out of 63 brokers in ForexBrokers.com's rankings. Meanwhile, Moneta Markets has earned a respectable 4-star rating and is positioned at 35th in the same category. For those who prioritize a wider variety of investment options and access to global markets, eToro stands out as a compelling choice.
| Feature |
eToro
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 1016 |
| Forex Pairs (Total) | 55 | 45 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | 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.
eToro and Moneta Markets both provide attractive options for traders, yet each broker has unique strengths in their trading platforms and tools. eToro shines with its proprietary platform developed in-house and offers a web-based interface that supports a vibrant social trading experience, including the popular copy trading feature. Ideal for beginners, eToro also provides a free virtual demo account to practice trading. While it does not offer downloadable desktop software for Windows or support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), eToro excels in usability with 161 drawing tools for charting and a comprehensive watch list with six columns, earning a 4.5-star rating and placing 8th out of 63 brokers by ForexBrokers.com.
Moneta Markets, on the other hand, offers a more traditional trading environment, integrating third-party platforms such as MT4 and MT5, which are favored by many seasoned traders for their advanced capabilities. A major advantage is its Windows-based desktop platform, ideal for users who prefer downloadable software. Moneta Markets also supports DupliTrade, allowing users to engage in copy trading. With a competitive edge in trading directly from stock charts and providing a virtual demo account, Moneta Markets is solid for more experienced traders who prefer these features, although it provides fewer drawing tools (78) and watch list columns (four) compared to eToro. Nevertheless, Moneta Markets still receives a respectable 4-star rating and ranks 33rd in ForexBrokers.com's evaluation.
| Feature |
eToro
|
Moneta Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | Yes |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 104 | 105 |
| Charting - Drawing Tools (Total) | 161 | 78 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 4 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both eToro and Moneta Markets provide comprehensive mobile trading experiences with apps available for both iPhone and Android users. Traders using either platform can receive stock or forex price alerts and enjoy synced watchlists that allow seamless updates between mobile apps and online accounts. While both apps support viewing multiple time frames for charts and real-time watchlist creation, eToro stands out with its impressive collection of 104 technical studies compared to Moneta Markets' 30. However, Moneta Markets offers the advantage of drawing trendlines and auto-saving drawings on charts, features not available with eToro’s mobile app.
In terms of user ratings, eToro receives a slightly higher score, earning 4.5 stars out of five for its mobile trading app, while Moneta Markets achieves a respectable four stars. This difference in user satisfaction is reflected in their respective rankings from ForexBrokers.com, where eToro is positioned at #10 out of 63 brokers, substantially ahead of Moneta Markets at #35. Overall, while both platforms provide robust features for mobile trading, specific preferences on capabilities like charting tools and app ratings may guide users toward one product over the other.
| Feature |
eToro
|
Moneta Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 104 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research features offered by eToro and Moneta Markets, both platforms provide users with daily market commentary and comprehensive economic calendars to keep traders informed. However, a key difference lies in their sources for forex news; Moneta Markets excels with top-tier sources like Bloomberg and Reuters, while eToro does not offer news from such high-profile providers. Both brokers incorporate tools from Trading Central for technical and fundamental analysis, and they each have sentiment-based trading tools to gauge market trends based on user positions.
Regarding additional offerings, eToro outshines Moneta Markets by integrating TipRanks for more in-depth market research, a feature Moneta Markets lacks. Neither platform provides tools from Autochartist or Acuity Trading. Evaluating their overall research service quality, eToro receives a higher rating of 4.5 stars compared to Moneta Markets' 4 stars. Consequently, eToro ranks 13th out of 63 brokers on ForexBrokers.com for research capabilities, while Moneta Markets sits at the 32nd position, highlighting eToro's superior market research offerings.
| Feature |
eToro
|
Moneta Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for trading beginners, eToro and Moneta Markets both offer a solid range of materials. Each provides over ten educational pieces, including articles, videos, and archived webinars focusing on forex or CFDs, ensuring a comprehensive learning experience. While both platforms feature over ten beginner-friendly videos specifically targeting new traders, eToro goes a step further by offering at least one live webinar per month, a resource that Moneta Markets does not currently provide. Furthermore, eToro supports ongoing learning with a searchable archive of recorded webinars, a feature available with Moneta Markets as well.
For more advanced traders, both eToro and Moneta Markets offer a collection of over ten educational videos designed for those with more experience. Additionally, both platforms include an investor dictionary with over 50 terms, aiding traders in understanding complex investing jargon. According to ForexBrokers.com, eToro is rated 4.5 stars for its educational offerings, placing it at the number 5 spot out of 63 brokers, signaling a highly regarded status in the industry. Moneta Markets, with a respectable 4-star rating, ranks at number 33, highlighting a solid but not top-tier educational resource in comparison to eToro.
| Feature |
eToro
|
Moneta Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| 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 eToro is better than Moneta Markets. eToro finished with an overall rank of #9, while Moneta Markets finished with an overall rank of #35.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
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Moneta Markets
|
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| Overall Rating |
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| Trust Score | 96 | 71 |
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eToro allows users to buy actual cryptocurrencies and offers cryptocurrency derivatives, whereas Moneta Markets provides only the option to buy cryptocurrency derivatives and does not support purchasing actual cryptocurrencies.
eToro offers a versatile range of options for depositing and withdrawing account funds, including ACH/SEPA transfers, PayPal, Skrill, Visa/Mastercard, and bank wires, while Moneta Markets supports Visa/Mastercard and bank wires but lacks ACH/SEPA transfers, PayPal, and Skrill as 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 | eToro | Moneta Markets | |
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| Trust Score | 96 | 71 | |
| Winner | check_circle | ||
| Review | eToro Review | Moneta Markets Review |
| Broker Screenshots | eToro | Moneta Markets | |
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| Regulation | eToro | Moneta Markets | |
|---|---|---|---|
| Trust Score | 96 | 71 | |
| Year Founded | 2007 | 2009 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 0 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | eToro | Moneta Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| 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) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | eToro | Moneta Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | eToro | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 1016 | |
| Forex Pairs (Total) | 55 | 45 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | 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 | eToro | Moneta Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | 1.38 | |
| All-in Cost EUR/USD - Active | N/A | 0.79 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | eToro | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | eToro | Moneta Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | Yes | |
| ZuluTrade | No | No |
| Trading Tools | eToro | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 4 | |
| Charting - Indicators / Studies (Total) | 104 | 105 | |
| Charting - Drawing Tools (Total) | 161 | 78 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | Moneta Markets | |
|---|---|---|---|
| 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 | 104 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | eToro | Moneta Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | eToro | Moneta Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | eToro | Moneta Markets | |
|---|---|---|---|
| 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 | eToro Review | Moneta Markets Review |
| Overall | eToro | Moneta Markets | |
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| Trust Score | 96 | 71 | |
| Winner | check_circle | ||
| Review | eToro Review | Moneta Markets Review |
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