Written by ForexBrokers.com
In this head to head comparison of FOREX.com 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.
FOREX.com, established in 1999, and Moneta Markets, founded in 2009, are both prominent online brokers catering to traders worldwide. While both companies are not banks, FOREX.com stands out with its public listing on a stock exchange, unlike Moneta Markets, which remains privately held. This distinction contributes to FOREX.com’s transparency, bolstering its Trust Score rating of 99 out of 99 by ForexBrokers.com, suggesting it is highly trusted. In contrast, Moneta Markets holds a Trust Score of 71, indicating an average risk level for traders according to the same source.
In terms of regulatory credentials, FOREX.com sets a high bar with seven Tier-1 licenses, recognized as highly trusted, alongside one Tier-2 license. This demonstrates a strong commitment to adhering to regulatory standards across various jurisdictions. Moneta Markets, however, holds a single Tier-2 license, indicating a relatively lower level of regulatory oversight. For traders prioritizing regulatory compliance, FOREX.com’s extensive licensing offers reassurance, making it a potentially safer choice compared to Moneta Markets.
| Feature |
FOREX.com
|
Moneta Markets
|
|---|---|---|
| Year Founded | 1999 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 0 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
FOREX.com and Moneta Markets both offer different commission and fee structures that cater to varying trader needs, earning them comparable ratings of 4.5 out of five stars. FOREX.com, ranked #13 out of 63 brokers for commissions and fees, presents multiple execution methods and account types including their recently launched RAW Spread account. This account delivers competitive, commission-based pricing with rebates for active traders, making it potentially more affordable for those trading outside the U.S. However, for U.S. residents, the Standard account with an average spread of 1.4 pips on the EUR/USD pair might feel slightly more expensive compared to the industry standard, unless trading volumes exceed $50 million monthly.
Moneta Markets, ranked #16 in the same category, provides three distinct account options - the commission-free Direct STP account and the commission-based Moneta Prime ECN and Ultra ECN accounts. While the Direct STP account has relatively higher spreads, their Prime ECN account offers a more favorable all-in cost of around 0.79 pips on the EUR/USD, thanks to a 0.194 pipe spread plus a $6 commission per round-trip lot. Ultra ECN account users benefit from even lower commission fees, though it requires a hefty $20,000 deposit.
Overall, both FOREX.com and Moneta Markets offer robust platforms with transparent pricing. While FOREX.com may suit higher volume traders seeking low spreads with commission-based accounts like the RAW account, Moneta Markets caters to those who prefer structured account options and potentially lower entry points for commission-based trading. Given their different strengths, traders are encouraged to assess their own trading habits and financial goals to determine the most cost-effective option.
| Feature |
FOREX.com
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | $100 | $50 |
| Average Spread EUR/USD - Standard | 1.4 | 1.38 |
| All-in Cost EUR/USD - Active | 0.9 | 0.79 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When exploring the range of investments offered by FOREX.com and Moneta Markets, both online brokers provide opportunities for forex trading, either as CFDs or spot contracts. However, FOREX.com stands out with an impressive selection of 5,500 tradeable symbols, including 80 forex pairs, compared to Moneta Markets' 1,016 symbols and 45 forex pairs. Neither broker offers trading of actual stocks on U.S. or international exchanges, focusing instead on derivatives, including cryptocurrency CFDs, while only Moneta Markets supports copy trading.
In terms of investment range, FOREX.com is highly rated, earning 5 stars for its offerings and securing the #7 spot out of 63 brokers according to ForexBrokers.com. In contrast, Moneta Markets garners 4 stars and ranks #35. This demonstrates FOREX.com's broader appeal to investors seeking a more diverse selection of tradeable instruments, making it a strong choice for those emphasizing variety in their trading strategy.
| Feature |
FOREX.com
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 1016 |
| Forex Pairs (Total) | 80 | 45 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | 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.
When choosing between FOREX.com and Moneta Markets, traders can expect a powerful set of trading platforms and tools from both brokers. FOREX.com excels with its own proprietary platform, along with widely used MetaTrader 4 and 5 platforms, available as both desktop downloads for Windows and web-based solutions. Moneta Markets provides similar accessibility with both desktop and web-based platforms while offering the popular MetaTrader 4 and 5 but lacks its proprietary platform. Both brokers extend free virtual demo accounts for simulated paper trading, allowing users to practice and refine their strategies before committing real funds. However, Moneta Markets stands out with copy trading options via DupliTrade, unlike FOREX.com.
FOREX.com takes the lead with an impressive array of 239 drawing tools for charting, in stark contrast to the 78 available from Moneta Markets. Further reinforcing its robust feature set, FOREX.com enables complex watch lists with up to 20 fields, compared to just 4 from Moneta Markets. Traders can easily place orders directly from stock charts with both brokers, supporting seamless transition from analysis to action. Recognized for excellence in trading platforms and tools, FOREX.com holds a 5-star rating and ranks 7th out of 63 brokers by ForexBrokers.com, while Moneta Markets boasts a respectable 4-star rating and ranks 33rd in the same category.
| Feature |
FOREX.com
|
Moneta Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | Yes |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 88 | 105 |
| Charting - Drawing Tools (Total) | 239 | 78 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 20 | 4 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both FOREX.com and Moneta Markets offer solid platforms on iPhone and Android devices. Users of both apps benefit from features like real-time stock and forex price alerts, the ability to sync watchlists with their online accounts, and creating watchlists with live quotes. Whether you need tools for drawing trendlines or want to explore different time frames for your charts, both apps have these bases covered and allow you to auto-save drawings. However, if you are a trader who values a wealth of technical studies, FOREX.com clearly stands out with 88 technical studies available, compared to Moneta Markets’ 30.
Beyond the features, the user satisfaction ratings clearly favor FOREX.com with a perfect score of 5 out of 5 stars for its mobile app, reflecting the overall premium experience it manages to deliver. Moneta Markets isn’t far behind, receiving a respectable 4-star rating. According to ForexBrokers.com, FOREX.com ranks #3 out of 63 brokers in the Mobile Trading Apps category, indicating its strong performance and usability. In contrast, Moneta Markets holds the #35 spot, suggesting room for improvement in its mobile offerings. Overall, if you prioritize extensive charting tools and higher user ratings, FOREX.com might be the preferred choice, while Moneta Markets may still provide a satisfying mobile trading experience for many users.
| Feature |
FOREX.com
|
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 | 88 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing market research offerings of FOREX.com and Moneta Markets, both online brokers provide daily market commentary and access to forex news from esteemed sources like Bloomberg and Reuters. These insights keep traders informed about the latest developments in the financial world. Both platforms equip traders with technical analysis tools from Trading Central but do not feature tools from Autochartist. Additionally, each offers sentiment-based trading tools, offering insights into trading positions across currency pairs.
FOREX.com and Moneta Markets also offer economic calendars that showcase current and upcoming global news events, assisting traders in planning their strategies. Despite these similarities, FOREX.com outshines Moneta Markets with a research rating of 4.5 stars compared to Moneta's 4 stars. Furthermore, FOREX.com holds a higher rank at #9 among 63 brokers for research on ForexBrokers.com, whereas Moneta Markets is positioned at #32. These distinctions highlight FOREX.com's slightly superior standing in research resources, benefitting traders who prioritize comprehensive market analysis.
| Feature |
FOREX.com
|
Moneta Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | 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 beginners, both FOREX.com and Moneta Markets excel in providing a variety of content that caters to individuals eager to learn about forex and CFDs. Each broker offers more than ten educational materials, including articles, videos, and archived webinars, focusing on these financial markets. Both platforms present an opportunity for newcomers to grasp the essentials while accessing a wide range of learning formats, making them suitable starting points for budding traders.
Despite both brokers providing a comprehensive set of educational tools, FOREX.com stands out with a more interactive approach. It offers monthly online webinars, allowing for real-time learning and engagement, a feature Moneta Markets lacks. Furthermore, FOREX.com's searchable archive of webinars gives users access to past discussions, a resource Moneta Markets also offers. However, FOREX.com is rated slightly higher with 4.5 stars for educational excellence compared to Moneta Markets' 4 stars and ranks fourth among 63 brokers in the education category by ForexBrokers.com, while Moneta Markets ranks 33rd. Overall, for beginners seeking a dynamic and rich learning experience, FOREX.com provides a slight edge with its higher ranking and interactive offerings.
| Feature |
FOREX.com
|
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 FOREX.com is better than Moneta Markets. FOREX.com finished with an overall rank of #5, while Moneta Markets finished with an overall rank of #35.
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
| Feature |
FOREX.com
|
Moneta Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 71 |
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Both FOREX.com and Moneta Markets do not offer the ability to buy actual delivered cryptocurrency, but they do provide options to purchase cryptocurrency derivatives, allowing traders to engage in digital asset transactions without owning the currencies directly.
When comparing FOREX.com to Moneta Markets, FOREX.com provides more diverse payment options including ACH, SEPA, and PayPal for deposits and withdrawals, whereas Moneta Markets lacks these methods, though both support Visa, Mastercard, and bank wire transfers.
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 | FOREX.com | Moneta Markets | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | Moneta Markets Review |
| Broker Screenshots | FOREX.com | Moneta Markets | |
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| Regulation | FOREX.com | Moneta Markets | |
|---|---|---|---|
| Trust Score | 99 | 71 | |
| Year Founded | 1999 | 2009 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 0 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | FOREX.com | Moneta Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | FOREX.com | Moneta Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FOREX.com | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 1016 | |
| Forex Pairs (Total) | 80 | 45 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | 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 | FOREX.com | Moneta Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | 1.38 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.79 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FOREX.com | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | $100 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FOREX.com | Moneta Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | Yes | |
| ZuluTrade | No | No |
| Trading Tools | FOREX.com | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 20 | 4 | |
| Charting - Indicators / Studies (Total) | 88 | 105 | |
| Charting - Drawing Tools (Total) | 239 | 78 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FOREX.com | 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 | 88 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FOREX.com | Moneta Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FOREX.com | 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 | FOREX.com | 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 | FOREX.com Review | Moneta Markets Review |
| Overall | FOREX.com | Moneta Markets | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | Moneta Markets Review |
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