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, several key differences emerge. FinecoBank offers its own in-house developed platform, which caters to users who prefer a proprietary trading environment. Both brokers provide Windows-based desktop platforms and web-based trading, ensuring flexibility for traders. However, FinecoBank does not support copy trading or major external trading platforms like MetaTrader 4 or MetaTrader 5, whereas Moneta Markets offers the convenience of these popular platforms along with a free virtual demo account and copy trading features like ZuluTrade, providing an attractive option for traders who value advanced trading practices.
Charting capabilities also vary between the two brokers. Moneta Markets offers a diverse array of 78 drawing tools for chart analysis, enabling more detailed technical assessments, and allows trading directly from the stock charts. In contrast, FinecoBank provides fewer drawing tools—seven in total—and lacks direct trading from charts. In terms of rankings, FinecoBank is placed higher at #18, compared to Moneta Markets at #33, despite both having a similar four-star rating in the Trading Platforms and Tools category, as evaluated by ForexBrokers.com. This suggests FinecoBank's platform is well-regarded even if it has fewer additional features than Moneta Markets.
| 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 FinecoBank and Moneta Markets in terms of market research offerings, there are several differences that potential investors should consider. Moneta Markets provides daily market commentary, offering a timely and consistent insight into market dynamics, which is not available through FinecoBank. Both brokers deliver forex news from prestigious sources like Bloomberg and Reuters, keeping traders well-informed with up-to-date information. However, when it comes to advanced technical analysis tools, Moneta Markets takes the lead by providing resources from Trading Central, whereas FinecoBank does not offer such tools. Additionally, Moneta Markets offers a sentiment-based trading tool for evaluating long and short positions, a feature absent from FinecoBank's offerings.
While both platforms include an economic calendar to track global news events, they differ in their overall research capabilities. In terms of ratings, FinecoBank and Moneta Markets received similar research ratings of 4.0 stars each from ForexBrokers.com. Yet, in the ranking of 62 brokers, FinecoBank is positioned slightly behind Moneta Markets at #33 compared to #32. These nuances in research tools and resources might influence traders when selecting between the two brokers, depending on the depth and type of market analysis they require for informed decision-making.
| 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.
When diving into the world of trading, FinecoBank and Moneta Markets both offer distinct educational resources tailored for beginners. FinecoBank excels with its regular monthly webinars, providing learners with live opportunities to deepen their understanding. This platform also presents a collection of over ten educational videos aimed specifically at beginners, alongside a comprehensive investor dictionary featuring more than 50 investing terms. However, its offerings in forex and CFDs education are somewhat limited, as it does not provide a structured resource of ten or more educational pieces focused on these areas.
Moneta Markets, on the other hand, caters significantly to forex and CFD learners by supplying over ten educational resources, including articles, videos, and archived webinars. While they offer an equally robust suite of beginner videos as FinecoBank, Moneta Markets distinguishes itself with a collection of advanced content tailored for experienced traders. However, it lacks live monthly webinars and a searchable archive of past webinars. Although both brokers achieve a 4.0-star rating in education, Moneta Markets slightly edges out in industry rankings, showcasing its broader educational spectrum for various trading levels.
| 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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