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.
FinecoBank and Moneta Markets are online brokers offering trading services, yet they differ significantly in their foundation and regulatory status. Established in 1999 and publicly traded, FinecoBank is a bank with a solid reputation, bolstered by a high Trust Score rating of 94 out of 99 according to ForexBrokers.com. It holds two Tier-1 licenses, which are considered highly trusted, underscoring its reliability for investors seeking secure trading platforms.
On the other hand, Moneta Markets was founded in 2009 and is not publicly traded nor a bank, which reflects in its average Trust Score rating of 72 out of 99. While holding one Tier-1 license and one Tier-2 license indicating it operates with an average level of trust, it may not provide the same level of assurance as FinecoBank for those prioritizing regulatory strength. These differences highlight the importance of considering regulatory credentials and historical background when selecting an online broker.
| Feature |
FinecoBank
|
Moneta Markets
|
|---|---|---|
| Year Founded | 1999 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 1 |
| 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 clear differences to consider. FinecoBank does not disclose average spread data for forex and CFD trading, making it difficult to evaluate its true trading costs. However, it is known to offer a spread of 1 pip for the EUR/USD currency pair, which is higher than what many other forex brokers provide. FinecoBank also mentions a spread of 0.8 pips, yet neither spread is confirmed as an average value nor tied to a specific date range. Despite this, Fineco does seem to offer more competitive spreads on its index CFDs. FinecoBank is rated 3.5 out of 5 stars and is ranked #50 out of 62 brokers by ForexBrokers.com for commissions and fees.
In contrast, Moneta Markets offers a variety of account options that impact trading costs. Their commission-free Direct STP account has an average spread of 1.38 pips for the EUR/USD pair as recorded in August 2023. Meanwhile, their Moneta Prime ECN account, which is commission-based, shows an average spread of 0.194 pips for the EUR/USD pair with an additional commission cost, bringing the total to approximately 0.79 pips. The Ultra ECN account is even more appealing with its tight spreads and a lower commission, though it requires a $20,000 deposit. Despite these offerings, Moneta Markets’ pricing structure still cannot match the very best in the industry. Moneta Markets earns a higher rating of 4.5 stars and is ranked #16 out of 62 brokers by ForexBrokers.com for commissions and fees.
| 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.
FinecoBank and Moneta Markets both offer forex trading as a CFD, providing access to 54 tradeable forex pairs. However, FinecoBank significantly surpasses Moneta Markets in total tradeable symbols, with 9,770 compared to Moneta Markets' 1,016. FinecoBank also provides opportunities to buy exchange-traded securities on both U.S. and international exchanges, allowing investors to directly purchase shares like Apple and Vodafone, which is not an option with Moneta Markets. While FinecoBank does not include copy trading or cryptocurrency purchases, Moneta Markets stands out with its copy trading feature and the ability to invest in cryptocurrency derivatives.
When it comes to the range of investments, FinecoBank has earned a 4.5-star rating, ranked 16th out of 62 brokers by ForexBrokers.com, which speaks to its extensive offerings. In contrast, Moneta Markets holds a 4-star rating and is ranked 35th, indicating a more modest selection. Each broker has its strengths, but for those looking for broader investment opportunities, especially in exchange-traded securities, FinecoBank provides a more diverse platform.
| Feature |
FinecoBank
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 1016 |
| Forex Pairs (Total) | 54 | 54 |
| 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 and tools of FinecoBank and Moneta Markets, there are several factors to consider. FinecoBank offers its proprietary platform for a unique trading experience, along with a Windows-based desktop download and a web-based platform accessible via browser. However, it lacks support for MetaTrader 4 and 5, popular among traders, and it does not offer simulated trading like a free virtual demo account. FinecoBank also does not support copy trading or ZuluTrade, and it provides only seven drawing tools for charting. It's worth noting that FinecoBank received a commendable four-star rating for its trading platforms and tools and is ranked 17th out of 62 brokers by ForexBrokers.com.
Moneta Markets, on the other hand, offers a different set of advantages. While it doesn't have a proprietary platform, it supports MetaTrader 4 and 5, which are well-regarded platforms in the trading community. Additionally, Moneta Markets offers simulated trading with a free virtual demo account, along with features like copy trading and ZuluTrade. Furthermore, it excels in charting capabilities, offering an impressive 78 drawing tools and the option to trade directly from stock charts. Despite not having a proprietary platform, Moneta Markets also scores four stars for trading platforms and tools but is ranked 33rd in the same category by ForexBrokers.com. This makes it an attractive option for traders who prioritize flexibility and advanced trading features.
| 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 | No |
| ZuluTrade | No | Yes |
| 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.
When evaluating mobile trading apps, both FinecoBank and Moneta Markets have developed platforms compatible with iPhone and Android devices. They offer stock and forex price alerts, allowing users to stay informed on market movements. However, while Moneta Markets supports watchlist symbol syncing for seamless updates across devices, FinecoBank lacks this feature. Furthermore, Moneta Markets shines with 30 technical studies for charting in its app and provides tools such as drawing trendlines, which is absent from FinecoBank’s offerings. Both platforms accommodate multiple time frames, but only Moneta Markets auto-saves chart drawings, ensuring user changes are preserved.
For traders valuing watchlist functionality, Moneta Markets permits the creation of watchlists with real-time quotes, whereas FinecoBank does not. Despite these differences, both apps hold a 4-star rating for mobile trading. In the competitive landscape of mobile trading apps, Moneta Markets ranks slightly higher at 36th out of 62 brokers, edging past FinecoBank, which is positioned at 42nd. This comparison highlights Moneta Markets as a more feature-rich option for those who prioritize enhanced charting tools and real-time data accessibility.
| 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 comparing market research offerings between FinecoBank and Moneta Markets, there are distinct features to note. Moneta Markets stands out by providing daily market commentary, which FinecoBank does not offer. Both brokers deliver forex news sourced from reputable platforms like Bloomberg and Reuters. However, Moneta Markets differs by providing tools from Trading Central and a sentiment-based trading tool, enhancing traders' insights into market trends and positions. Neither platform offers tools from Autochartist, research from TipRanks, nor resources from Acuity Trading. Both FinecoBank and Moneta Markets include an economic calendar, helping traders stay informed on global economic events.
In terms of research ratings, both FinecoBank and Moneta Markets receive four out of five stars. Despite these similar ratings, Moneta Markets ranks slightly higher at #32 compared to FinecoBank, ranked #33, out of 62 brokers in the Research category according to ForexBrokers.com. This comparison highlights that while there are shared services between the two, Moneta Markets may offer a touch more, particularly for traders valuing commentary and sentiment analysis tools.
| 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 both cater to beginner traders, but they offer different educational resources. FinecoBank provides accessible online webinars monthly, which are great for those who prefer interactive learning and regular engagement. Additionally, beginners can benefit from FinecoBank’s educational videos that cover essential trading topics and the investor dictionary, which explains over 50 common investing terms. However, FinecoBank falls short in offering advanced videos, and its educational offerings do not include standout materials on forex or CFDs.
Moneta Markets, on the other hand, excels in delivering a broad range of materials focusing on forex and CFDs, including more than 10 educational pieces such as articles and videos. Beginner traders will find plenty of beginner-centric videos similar to those offered by FinecoBank, but Moneta Markets goes a step further by also providing advanced educational videos for more experienced traders. However, it lacks the ongoing monthly webinars that FinecoBank offers and does not include an investor dictionary. Both brokers are rated four stars for their educational resources, with Moneta Markets ranked higher overall in education by ForexBrokers.com.
| Feature |
FinecoBank
|
Moneta Markets
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 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 | 72 |
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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 | 72 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | Moneta Markets Review |
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| Regulation | FinecoBank | Moneta Markets | |
|---|---|---|---|
| Trust Score | 94 | 72 | |
| 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 | 1 | |
| 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 | 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) | 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 | 54 | |
| 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 | No | |
| ZuluTrade | No | Yes |
| 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 | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| 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 | 72 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | Moneta Markets Review |
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