Written by ForexBrokers.com
In this head to head comparison of FP Markets 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.
FP Markets and Moneta Markets are both established online brokers, founded in 2005 and 2009 respectively. Neither firm is publicly traded nor operates as a bank, which might affect an investor's consideration regarding corporate transparency and security in dealings. FP Markets holds two Tier-1 licenses, denoting it as a highly trusted broker according to ForexBrokers.com, while Moneta Markets holds one such license. Both brokers equally share a Tier-2 license, affirming their trusted status among brokers.
When it comes to trustworthiness, FP Markets seems to have an edge, boasting a Trust Score of 89 out of 99 from ForexBrokers.com, placing it in the trusted category. By contrast, Moneta Markets has a lower score of 79, marking it as an average risk broker. These scores may help potential clients evaluate which platform meets their needs based on the perceived level of security and reliability.
| Feature |
FP Markets
|
Moneta Markets
|
|---|---|---|
| Year Founded | 2005 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
FP Markets earns 5 stars for commissions and fees and ranks #6 out of 63 brokers, while Moneta Markets scores 4.5 stars and ranks #17. Both provide spread-only and commission-based accounts, but FP Markets has the stronger value story, backed by Best in Class honors for Commissions and Fees in 2024 and flexible platform choice across MetaTrader, cTrader, and Iress (with DMA and depth of book). In practice, their flagship ECN pricing is similar, yet FP Markets’ higher category ranking and awards give it a slight edge for most cost-focused traders.
FP Markets’ Raw ECN account averaged 0.1 pips on EUR/USD (October 2023), and with the $6 per round‑turn commission the all‑in cost was about 0.8 pips. Its Standard (spread‑only) account averaged 1.1 pips, and the same $6 round‑trip commission applies to the Raw option on cTrader. For share CFDs, the Iress suite offers DMA pricing and full depth of book; however, ViewPoint accounts have higher minimums (AUD 1,000/25,000/50,000) and potential platform/data fees unless you spend at least AUD 150 in monthly commissions or qualify for Premier. The Iress Investor plan waives monthly fees but has limited tools and no default streaming prices.
Moneta Markets has three account types. The commission‑free Direct STP account averaged 1.38 pips on EUR/USD (August 2023). The Prime ECN account averaged 0.194 pips plus a $6 round‑trip commission, for an all‑in cost near 0.79 pips—slightly below the industry average. For larger balances, the Ultra ECN account cuts commission to $2 per round‑trip but requires a $20,000 deposit. While competitive, Moneta’s pricing generally trails top‑tier leaders, whereas FP Markets’ tight ECN spreads, accolades, and higher ranking make it the more compelling pick on fees for most traders.
| Feature |
FP Markets
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | $100 AUD | $50 |
| Average spread (EUR/USD) - Standard account | 1.2 | 1.38 |
| All-in Cost EUR/USD - Active | 0.7 | 0.79 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FP Markets vs Moneta Markets: for sheer variety, FP Markets offers far more to trade, with 10,000 symbols and 71 forex pairs, compared with Moneta Markets’ 1,016 symbols and 45 forex pairs. Both brokers support forex trading as CFDs or spot contracts. Neither provides direct access to exchange-traded U.S. or international shares (like buying Apple or Vodafone directly), but both offer share exposure via CFDs. Crypto is available as CFDs at both brokers, while buying actual cryptocurrency is not supported. Copy trading is available with each.
Independent ratings reflect the difference in market coverage: FP Markets scores 4.5 out of 5 stars for Range of Investments and ranks 19th out of 63 brokers on ForexBrokers.com, while Moneta Markets earns 4 stars and ranks 36th. If you want a larger symbol list and more currency pairs, FP Markets has the edge; if you’re comfortable with a smaller lineup that still covers key markets, Moneta Markets fits the bill.
| Feature |
FP Markets
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 1016 |
| Forex Pairs (Total) | 71 | 45 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
FP Markets and Moneta Markets both tick key boxes for trading platforms and tools. Each broker offers a free paper trading demo account, Windows desktop software, and a web-based platform. They also support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), copy trading, and trading directly from charts. A key difference is that FP Markets provides its own in-house platform in addition to MetaTrader, while Moneta Markets relies on third-party platforms.
Both brokers earned 4 stars for Trading Platforms and Tools. In ForexBrokers.com’s rankings out of 63 brokers, FP Markets placed #23, while Moneta Markets ranked #34. If you want an in-house platform option alongside MT4/MT5, FP Markets stands out; if you’re comfortable with the MetaTrader suite and want copy trading and a demo account, Moneta Markets also fits the bill.
| Feature |
FP Markets
|
Moneta Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 105 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets vs Moneta Markets for mobile trading: both brokers offer iPhone and Android apps and support price alerts for forex and stocks. The standout difference is watchlists. Moneta Markets syncs watchlist symbols between the mobile app and your online account, while FP Markets does not, so changes made in one place won’t carry over at FP Markets.
For charting, FP Markets uses the standard MetaTrader indicator set, while Moneta Markets offers 30 technical studies. Both apps let you draw trendlines and automatically save your drawings. Each earned 4 out of 5 stars for Mobile Trading Apps; according to ForexBrokers.com, FP Markets ranks 18th out of 63 brokers in this category, while Moneta Markets ranks 36th.
| Feature |
FP Markets
|
Moneta Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Comparing FP Markets vs Moneta Markets for market research, both brokers cover the essentials: daily market commentary, forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, Trading Central tools, a sentiment gauge, and an economic calendar. Neither includes TipRanks or Acuity Trading. Both earn 4 stars for research, though FP Markets ranks higher (#25 of 63) than Moneta Markets (#33 of 63) in the ForexBrokers.com category.
The key difference is tool depth: FP Markets adds Autochartist for pattern and setup discovery, while Moneta Markets does not. If you value automated chart patterns alongside Trading Central, FP Markets has the edge; if you mainly want daily commentary, headline news, and sentiment data, both platforms deliver similar day-to-day coverage.
| Feature |
FP Markets
|
Moneta Markets
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
FP Markets vs Moneta Markets for beginners: both brokers provide forex and CFD education with at least 10+ learning pieces, and each offers 10+ beginner videos as well as 10+ advanced videos. The key difference is live learning—FP Markets runs client webinars at least once a month, while Moneta Markets does not offer ongoing webinars. Both receive 4 out of 5 stars for Education, but FP Markets ranks higher (#23 of 63) than Moneta Markets (#33 of 63) in ForexBrokers.com’s Education category.
If you value interactive learning and the chance to ask questions in real time, FP Markets is the better fit thanks to its regular webinars alongside a large video library. If you prefer self-paced study focused on video lessons, Moneta Markets still delivers strong coverage for beginners and experienced traders alike. For many new traders, FP Markets’ higher ranking and monthly webinars may tip the scales.
| Feature |
FP Markets
|
Moneta Markets
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FP Markets is better than Moneta Markets. FP Markets finished with an overall rank of #19, while Moneta Markets finished with an overall rank of #35.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
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Moneta Markets
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|---|---|---|
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| Trust Score | 89 | 79 |
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FP Markets and Moneta Markets do not offer the ability to buy actual (delivered) cryptocurrencies, but both brokers provide cryptocurrency CFDs for trading instead.
FP Markets supports deposits and withdrawals via PayPal, Skrill, and bank wire but not ACH or SEPA, whereas Moneta Markets likewise does not support ACH or SEPA and its support for PayPal, Skrill, Visa/Mastercard, and bank wire is not specified.
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 | FP Markets | Moneta Markets | |
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| Trust Score | 89 | 79 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Moneta Markets Review |
| Broker Screenshots | FP Markets | Moneta Markets | |
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| Regulation | FP Markets | Moneta Markets | |
|---|---|---|---|
| Trust Score | 89 | 79 | |
| Year Founded | 2005 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | 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) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| 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) | FP Markets | Moneta Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | FP Markets | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 1016 | |
| Forex Pairs (Total) | 71 | 45 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | FP Markets | Moneta Markets | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.2 | 1.38 | |
| All-in Cost EUR/USD - Active | 0.7 | 0.79 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | FP Markets | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $50 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | FP Markets | Moneta Markets | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | FP Markets | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 105 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | Moneta Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | FP Markets | Moneta Markets | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | Yes | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | Moneta Markets | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | FP Markets | Moneta Markets | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | FP Markets Review | Moneta Markets Review |
| Overall | FP Markets | Moneta Markets | |
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| Trust Score | 89 | 79 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Moneta Markets Review |
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