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Fineco Bank vs Moneta Markets 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is Fineco Bank better than Moneta Markets? In our analysis of 23 international regulators across 62 of the best forex brokers, Fineco is considered low-risk, with an overall Trust Score of 92 out of 99. Moneta Markets is considered average-risk, with an overall Trust Score of 71 out of 99. Learn more about Trust Score.

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Overall RatingFineco BankMoneta Markets
Overall Rating 4/5 Stars 4/5 Stars
Commissions & Fees 3.5/5 Stars 4.5/5 Stars
Offering of Investments 4.5/5 Stars 4/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score 92 71
Winner check_circle
Review Fineco Bank Review Moneta Markets Review
RegulationFineco BankMoneta Markets
Trust Score 92 71
Year Founded 1999 2009
Publicly Traded (Listed) Yes No
Bank Yes No
Authorised in European Union Yes info Yes info
Tier-1 Licenses 1 1
Tier-2 Licenses 0 1
Tier-3 Licenses 0 0
Tier-1 Licenses (High Trust)Fineco BankMoneta Markets
ASIC Authorised (Australia) No Yes
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes No
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)Fineco BankMoneta Markets
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) No No
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No Yes
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust)Fineco BankMoneta Markets
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsFineco BankMoneta Markets
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 126 965
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 (CFD) 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).
CostFineco BankMoneta Markets
Average Spread EUR/USD - Standard N/A 1.27 (September 2022)
All-in Cost EUR/USD - Active N/A 0.77 (September 2022)
Active Trader or VIP Discounts No No
Execution: Agency Broker No No
Execution: Market Maker No Yes
FundingFineco BankMoneta Markets
Minimum Initial 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
Trading PlatformsFineco BankMoneta 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 Yes
Trading ToolsFineco BankMoneta Markets
Virtual Trading (Demo) No Yes
Alerts - Basic Fields No Yes
Watchlists - Total Fields 4
Charting - Indicators / Studies (Total) 90 102
Charting - Drawing Tools (Total) N/A 78
Charting - Trade From Chart No Yes
Charts can be saved No Yes
Mobile TradingFineco BankMoneta Markets
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields No Yes
Mobile Watchlist No Yes
Watchlist Syncing No No
Mobile Charting - Indicators / Studies N/A 30
Mobile Charting - Draw Trendlines No Yes
Mobile Charting - Multiple Time Frames No Yes
Mobile Charting - Drawings Autosave No Yes
Forex Calendar No Yes
ResearchFineco BankMoneta 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
Economic Calendar No Yes
EducationFineco BankMoneta Markets
Has Education - Forex or CFDs Yes Yes
Client Webinars Yes No
Client Webinars (Archived) Yes No
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos Yes Yes
Investor Dictionary (Glossary) Yes No
Major Forex PairsFineco BankMoneta 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 Fineco Bank Review Moneta Markets Review
OverallFineco BankMoneta Markets
Overall Rating 4/5 Stars 4/5 Stars
Commissions & Fees 3.5/5 Stars 4.5/5 Stars
Offering of Investments 4.5/5 Stars 4/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score 92 71
Winner check_circle
Review Fineco Bank Review Moneta Markets Review
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Fineco Bank vs Moneta Markets Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare Fineco Bank vs Moneta Markets.

Does Fineco Bank 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, Moneta Markets offers better pricing overall for traders.

Is Fineco Bank or Moneta Markets safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both Fineco Bank and Moneta Markets hold 1 global Tier-1 licenses. Moneta Markets holds 1 global Tier-2 licenses, while Fineco Bank holds 0. In our analysis of 23 international regulators across 50 brokers, Fineco Bank earned a higher Trust Score than Moneta Markets.

Which trading platform is better: Fineco Bank or Moneta Markets?

To compare the trading platforms of both Fineco Bank and Moneta Markets, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Fineco Bank offers a better experience. With research, Fineco Bank offers superior market research. Finally, we found Moneta Markets 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. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

Fineco Bank and Moneta Markets offer traders the same number of currency pairs, 54. Forex pairs aside, Moneta Markets offers traders access to 965 CFDs while Fineco Bank has 126 available CFDs, a difference of 839.

Can I trust Fineco Bank?

Fineco is publicly traded and does operate a bank. Fineco is authorised by two tier-1 regulators (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Fineco is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

Can I trust Moneta Markets?

Moneta Markets is not publicly traded and does not operate a bank. Moneta Markets is authorised by one tier-1 regulators (high trust), one tier-2 regulators (average trust), and one tier-3 regulator (low trust). Moneta Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

Is Fineco Bank good?

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 โ€“ or you are a resident of Italy or the U.K. โ€“ you will not be permitted to open an online account with FinecoBank.

Is Moneta Markets good?

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.

Overall winner: Fineco Bank

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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