Written by ForexBrokers.com
In this head to head comparison of FinecoBank 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.
Founded in 1999, FinecoBank is a trusted online broker that excels in terms of reliability and transparency. As a publicly traded company, it holds two Tier-1 licenses, reflecting a strong regulatory standing and commitment to client protection. With a ForexBrokers.com Trust Score of 94, FinecoBank is rated as highly trusted, demonstrating its solid reputation and dedication to security. Furthermore, FinecoBank operates as a bank, offering an added layer of customer confidence with its comprehensive banking services.
Moneta Markets, established in 2009, offers competitive online brokerage services, but with a different level of regulatory status compared to FinecoBank. Not being a publicly traded entity and without Tier-1 licenses, Moneta Markets holds one Tier-2 license, earning it a Trust Score of 71 from ForexBrokers.com, categorizing it as an average risk. While not a bank, Moneta Markets provides various trading services designed to cater to different levels of traders, appealing primarily to those who prioritize service and platform experience.
| Feature |
FinecoBank
|
Moneta Markets
|
|---|---|---|
| Year Founded | 1999 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing FinecoBank and Moneta Markets in terms of commissions and fees, there are several key differences to consider. FinecoBank, which does not disclose average spread data for forex and CFD trading, posts a spread of 1 pip for the EUR/USD pair. If this spread were an average value, it would be higher than what most forex brokers typically offer. Fineco also lists a lower spread of 0.8 pips; however, neither spread is clarified as being average, and no specific date ranges are provided. A potential advantage FinecoBank offers is lower spreads on its index CFDs. For its commission and fee structure, FinecoBank has been rated 3.5 out of 5 stars and is ranked #51 out of 63 brokers by ForexBrokers.com.
Moneta Markets presents more variable trading costs across its three available account types. Its commission-free Direct STP account comes with an average spread of 1.38 pips for the EUR/USD pair, which is relatively higher compared to its commission-based accounts. The Prime ECN account features a significantly lower average spread of 0.194 pips for EUR/USD, supplemented by a $3 per side commission for every 100,000 units, bringing the overall cost to about 0.79 pips. Moneta’s Ultra ECN account offers the tightest spreads and a round-trip commission of $2, contingent on a $20,000 deposit. This makes the Ultra ECN option competitive, although Moneta Markets' general pricing scheme hasn’t yet placed it among the top forex brokers. As for its overall rating, Moneta Markets receives 4.5 out of 5 stars and secures the #16 spot out of 63 brokers reviewed by ForexBrokers.com.
In summary, FinecoBank’s costs are less predictable due to insufficient transparency in their spread data, which could make assessing true trading expenses challenging for potential investors. Moneta Markets, on the other hand, offers more clarity with varying account types, allowing traders to choose based on their capital and trading style, though a larger deposit helps access better rates. Both brokers offer distinct advantages depending on what traders prioritize, such as transparency, flexibility, or lower initial capital requirements.
| Feature |
FinecoBank
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | N/A | 1.38 |
| All-in Cost EUR/USD - Active | N/A | 0.79 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the variety of investment options, FinecoBank and Moneta Markets shine in distinct ways. FinecoBank offers an impressive total of 9,770 tradeable symbols, including 54 forex pairs, making it a versatile choice for those seeking a wide array of trading opportunities. It also allows investors to purchase exchange-traded securities on both U.S. and international exchanges, making it convenient for clients interested in buying shares of companies like Apple or Vodafone. While FinecoBank does not offer copy trading or cryptocurrency options, its range of investments earns it a high rating of 4.5 stars and ranks it 16th out of 63 brokers according to ForexBrokers.com.
In contrast, Moneta Markets provides a more focused range of investment options with 1,016 tradeable symbols, including 45 forex pairs. Although it does not offer exchange-traded securities on U.S. or international exchanges, Moneta Markets supports both forex trading as CFDs and cryptocurrency derivatives. Additionally, its copy trading feature is a significant draw for those looking to mirror experienced traders' moves. With a rating of 4 stars and a ranking of 35th in the Range of Investments category by ForexBrokers.com, Moneta Markets presents a competitive option for traders seeking specific derivatives and copy trading features.
| Feature |
FinecoBank
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 1016 |
| Forex Pairs (Total) | 54 | 45 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | 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.
When comparing the trading platforms offered by FinecoBank and Moneta Markets, both brokers provide solid options for traders, but with distinct differences. FinecoBank presents a proprietary platform developed in-house, accessible via a Windows-based desktop download and a web-based browser. However, it lacks the availability of a free virtual demo account, copy trading, and the widely used MetaTrader platforms (MT4 and MT5). FinecoBank also offers a basic set of seven drawing tools for charting without the capability to trade directly from a stock chart. Despite these limitations, it earns a commendable four-star rating for trading platforms and tools from ForexBrokers.com, where it's ranked 18th out of 63 brokers.
Conversely, Moneta Markets caters to a wider trading audience with a robust offering of platforms and features. It not only provides a free virtual demo account but also supports the MetaTrader 4 and 5 platforms, known for their advanced capabilities. While Moneta Markets does not boast a proprietary platform, it compensates with features like copy trading and the integration of DupliTrade. With a Windows-based desktop download and a web-based platform, Moneta Markets enables trading directly from stock charts and offers an impressive 78 drawing tools for charting. Despite being rated four stars like FinecoBank, Moneta Markets is ranked 33rd out of 63 brokers in the trading platforms and tools category by ForexBrokers.com, which highlights its strengths in certain areas compared to its competitor.
| Feature |
FinecoBank
|
Moneta Markets
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | Yes |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 105 |
| Charting - Drawing Tools (Total) | 7 | 78 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 4 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FinecoBank and Moneta Markets offer mobile trading apps for iPhone and Android devices, making them easily accessible to users on the go. They both provide stock or forex price alerts to keep traders informed of market movements. However, when it comes to the syncing of watchlist symbols, Moneta Markets holds the advantage. It enables users to synchronize watchlist changes between the app and their online accounts, whereas FinecoBank does not offer this feature.
Charting capabilities also differ between the two, with Moneta Markets offering 30 technical studies in comparison to FinecoBank's six. Moneta Markets also allows the drawing of trendlines on charts and auto-saves these drawings, two features that FinecoBank's app lacks. Additionally, Moneta Markets lets users create watchlists with real-time quotes, a feature not supported by FinecoBank's app. Despite these differences, both apps carry a solid four-star rating for mobile trading, though Moneta Markets ranks slightly higher in industry reviews.
| Feature |
FinecoBank
|
Moneta Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 6 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research offerings, FinecoBank and Moneta Markets cater to different trader needs. Moneta Markets provides daily market commentary, which can be valuable for traders looking for up-to-date analysis, whereas FinecoBank does not. Both brokers deliver forex news from trusted sources like Bloomberg and Reuters, ensuring that traders receive timely and reliable information. However, Moneta Markets leads in offering technical analysis tools from Trading Central and a sentiment-based trading tool, features that FinecoBank lacks. This difference may appeal to traders who value advanced tools and data-driven insights. Both platforms come equipped with economic calendars to keep traders informed about global news events.
In terms of overall ratings, both FinecoBank and Moneta Markets are awarded 4 stars for their research offerings. Despite FinecoBank's slight edge in its overall research ranking, positioned at 33rd compared to Moneta Market's 32nd on ForexBrokers.com, traders should consider specific research tool preferences when choosing between these brokers for their market analysis needs.
| Feature |
FinecoBank
|
Moneta Markets
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
FinecoBank and Moneta Markets bring different educational offerings to the table for beginners looking to learn about forex and CFDs. FinecoBank provides monthly client webinars to foster live learning experiences but lacks an extensive collection of forex and CFD articles or videos. While you won't find a searchable archive of webinars on FinecoBank, they do ensure at least 10 beginner-specific videos to guide new investors. They also offer a comprehensive investor dictionary with more than 50 investing terms, which can be a useful tool for novices.
Moneta Markets, on the other hand, shines in providing a robust collection of more than 10 educational resources focused on forex and CFDs but does not conduct monthly live webinars. However, they do have an accessible archive of past webinars, ensuring learners can catch up anytime. For those progressing in their learning journey, Moneta Markets offers more than 10 advanced videos, while also maintaining a beginner-friendly video library. Like FinecoBank, Moneta Markets also offers a dictionary with an extensive list of investing terms. Both brokers have earned a 4-star rating for education, reflecting their commitment to helping beginners navigate the complex world of trading.
| Feature |
FinecoBank
|
Moneta Markets
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | 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 FinecoBank is better than Moneta Markets. FinecoBank finished with an overall rank of #25, while Moneta Markets finished with an overall rank of #35.
FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU – or you are a resident of Italy or the U.K. – you will not be permitted to open an online account with FinecoBank.
| Feature |
FinecoBank
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Moneta Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 71 |
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While FinecoBank does not provide options for purchasing either actual cryptocurrency or cryptocurrency derivatives, Moneta Markets distinguishes itself by offering the ability to buy cryptocurrency derivatives, although neither platform supports the purchase of actual delivered cryptocurrency.
FinecoBank and Moneta Markets differ significantly in their payment options, with FinecoBank supporting ACH and SEPA transfers for deposits and withdrawals but lacking Visa, Mastercard, Skrill, and PayPal options, whereas Moneta Markets offers Visa and Mastercard without ACH, SEPA, Skrill, and PayPal, although both brokers facilitate bank wire transactions.
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 | FinecoBank | Moneta Markets | |
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| Trust Score | 94 | 71 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | Moneta Markets Review |
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| Regulation | FinecoBank | Moneta Markets | |
|---|---|---|---|
| Trust Score | 94 | 71 | |
| Year Founded | 1999 | 2009 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 0 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | 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) | FinecoBank | 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 | FinecoBank | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 1016 | |
| Forex Pairs (Total) | 54 | 45 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | 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 | FinecoBank | Moneta Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.38 | |
| All-in Cost EUR/USD - Active | N/A | 0.79 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | No | Yes |
| Funding | FinecoBank | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FinecoBank | Moneta Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | Yes | |
| ZuluTrade | No | No |
| Trading Tools | FinecoBank | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 4 | |
| Charting - Indicators / Studies (Total) | 37 | 105 | |
| Charting - Drawing Tools (Total) | 7 | 78 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FinecoBank | Moneta Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 6 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FinecoBank | Moneta Markets | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FinecoBank | Moneta Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FinecoBank | 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 | FinecoBank Review | Moneta Markets Review |
| Overall | FinecoBank | Moneta Markets | |
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| Trust Score | 94 | 71 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | Moneta Markets Review |
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