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, established in 2005, stands out with a reputation supported by its Trust Score of 89, indicating a trusted status according to ForexBrokers.com. This Australian-based online broker is not publicly traded nor a bank, but its strong regulatory standing is reflected in its holding of two Tier-1 licenses, considered the gold standard for trustworthiness. Additionally, FP Markets holds one Tier-2 license, further consolidating its trusted position among traders.
In comparison, Moneta Markets, founded in 2009, holds a Trust Score of 71, suggesting an average risk profile. Like FP Markets, it is neither publicly traded nor a bank. Moneta Markets has yet to secure any Tier-1 licenses, but it does maintain one Tier-2 license, categorizing it as a trusted entity within some regulatory frameworks. While it is newer and with fewer regulatory credentials than FP Markets, Moneta Markets still presents viable trading opportunities for those considering a different approach.
| Feature |
FP Markets
|
Moneta Markets
|
|---|---|---|
| Year Founded | 2005 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When it comes to commissions and fees, FP Markets stands out with its competitive pricing models, especially for those who prefer commission-based ECN accounts. Earning 5 stars for its pricing, FP Markets ranks 6th out of 63 brokers according to ForexBrokers.com. Their Raw ECN account averages just 0.1 pips in spreads, translating to about 0.8 pips when you factor in the commission. However, budget-conscious traders might find the Standard account less attractive due to its higher spreads averaging 1.1 pips for EUR/USD. For those interested in share CFDs, FP Markets offers Direct Market Access through its Iress platform, but beware of higher costs associated with the Iress ViewPoint account aimed at active and high-balance traders.
Moneta Markets offers three distinct account types that cater to different trading preferences, scoring a respectable 4.5 stars and ranked 16th in the Commissions and Fees category by ForexBrokers.com. Their Direct STP account is commission-free but features higher spreads, averaging 1.38 pips for EUR/USD. More aggressive traders might consider the Prime ECN account, where you encounter average spreads of 0.194 pips and a $6 round-trip commission per standard lot, bringing the total cost to around 0.79 pips. The Ultra ECN account offers an even lower commission of $2 per round trip but requires a hefty $20,000 deposit. While Moneta Markets presents competitive pricing, it still trails behind industry leaders.
In summary, FP Markets emerges as a strong choice for traders seeking low-cost ECN accounts with competitive spreads and top-tier commissions, ideal for those making high-volume trades. Moneta Markets, while offering varied account options and appealing to both new and seasoned traders, can't yet match the cost-effectiveness of leading brokers. Traders should consider their trading strategy and budget to choose the best fit between these two brokers.
| Feature |
FP Markets
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | $100 AUD | $50 |
| Average Spread EUR/USD - Standard | 1.2 | 1.38 |
| All-in Cost EUR/USD - Active | 0.7 | 0.79 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing FP Markets and Moneta Markets, both offer forex trading as CFDs or spot contracts, making them viable options for currency traders. FP Markets takes the lead with an impressive 10,000 tradeable symbols, including 71 forex pairs, offering investors a wide selection. In contrast, Moneta Markets provides access to 1,016 tradeable symbols and 45 forex pairs, which is still substantial, albeit not as extensive. Neither broker provides access to U.S. or international exchange-traded securities, meaning you cannot purchase shares like Apple or Vodafone directly through either platform.
In terms of cryptocurrency, both FP Markets and Moneta Markets offer cryptocurrency derivatives but do not allow for the purchase of actual cryptocurrencies. Copy trading features are available on both platforms, giving investors the opportunity to mirror the strategies of successful traders. FP Markets is rated 4.5 stars for its range of investments and ranks 18th out of 63 brokers, while Moneta Markets is rated 4 stars and occupies the 35th position. These comparative ratings reflect FP Markets' broader investment offerings, positioning it as a more versatile choice for traders looking for extensive trading options.
| Feature |
FP Markets
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 1016 |
| Forex Pairs (Total) | 71 | 45 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | 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 comparing FP Markets and Moneta Markets for their trading platforms and tools, several factors stand out. Both brokers offer virtual demo accounts, making it easy for newcomers to practice trading without any risk. FP Markets provides the edge with a proprietary platform, offering a unique experience that Moneta Markets does not. Both platforms are equipped with Windows-based desktop and web-based interfaces, and they support popular trading tools like MetaTrader 4 and MetaTrader 5. FP Markets and Moneta Markets also allow traders to engage in copy trading; however, only Moneta Markets supports DupliTrade. On the other hand, neither broker offers ZuluTrade. When it comes to charting tools, Moneta Markets shines with 78 drawing tools compared to FP Markets' 17, although the latter allows trading directly from a stock chart. For watch lists, FP Markets offers seven customizable fields, while Moneta Markets provides four.
Both platforms have earned a four-star rating for their trading platforms and tools. However, FP Markets is ranked higher at #23 out of 63 brokers by ForexBrokers.com, compared to Moneta Markets at #33. This suggests that while both brokers offer solid trading experiences, FP Markets may have a slight advantage for those seeking a proprietary platform and more customizable options for watch lists.
| Feature |
FP Markets
|
Moneta Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | Yes |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 105 |
| Charting - Drawing Tools (Total) | 17 | 78 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 4 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing FP Markets and Moneta Markets mobile trading apps, both brokers have made their platforms accessible on iPhone and Android devices. They provide users with price alerts for stocks or forex, ensuring traders can stay up-to-date with market movements. However, Moneta Markets stands out with its watchlist symbol syncing feature, allowing seamless integration between its mobile app and online account, a capability that FP Markets lacks. Both brokers excel in charting functions, offering tools like trendline drawing and multiple time frame views, although Moneta Markets offers 30 technical studies compared to FP Market's default MetaTrader option.
Both apps have received a 4-star rating for their mobile trading capabilities. However, FP Markets is ranked higher by ForexBrokers.com, sitting at #18 out of 63 brokers, while Moneta Markets is positioned at #35. While both platforms ensure auto-saving of chart drawings and support real-time quote watchlists, FP Markets currently holds an edge with better overall rankings from industry experts, which may reflect its nuanced features and user experience. For traders who prioritize synchronization across devices and a rich set of technical studies, Moneta Markets might be more appealing, while FP Markets could attract those looking for an app with a higher industry standing.
| Feature |
FP Markets
|
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 | MetaTrader (Default) | 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 FP Markets with Moneta Markets for market research capabilities, both brokers provide daily market commentary and access to foreign exchange news from top-tier sources like Bloomberg and Reuters. They also share an economic calendar that covers global news events. Both brokers are equipped with sentiment-based trading tools that help traders understand the prevailing market sentiments in currency pairs. While Moneta Markets offers technical analysis tools from Trading Central, it lacks the additional research support of Autochartist, which FP Markets provides. FP Markets and Moneta Markets do not provide research tools from TipRanks or Acuity Trading.
In terms of research quality ratings, both FP Markets and Moneta Markets receive four out of five stars. However, when looking at their rankings among 63 brokers, FP Markets secures the 25th position, while Moneta Markets is ranked 32nd. This slight difference in rankings suggests that while both brokers perform well in providing essential market research tools, FP Markets may offer slightly better-rounded research options for those seeking more comprehensive analytical resources.
| Feature |
FP Markets
|
Moneta Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | 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 in forex and CFDs trading, both FP Markets and Moneta Markets offer a substantial range. Each broker provides over 10 educational pieces, such as articles, videos, and archived webinars, all focusing on these important trading subjects. If you enjoy learning through live webinars, FP Markets holds an edge by offering monthly educational webinars, while Moneta Markets does not. However, both brokers maintain a searchable archive of recorded webinars, allowing traders to learn at their own pace.
FP Markets and Moneta Markets are similarly equipped with beginner-friendly and advanced educational videos, offering over 10 focused on beginner trading topics and those suited for more experienced traders. Both platforms include an investor dictionary containing definitions of at least 50 investing terms, making basic terminology easier to understand. Despite having identical four-star education ratings, FP Markets holds a slightly better ranking in the education category by ForexBrokers.com, positioned at #23 out of 63 brokers, while Moneta Markets falls at #33. This suggests FP Markets may offer slightly superior educational value, though either option can be beneficial for those beginning their trading journey.
| Feature |
FP Markets
|
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 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
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 71 |
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Both FP Markets and Moneta Markets do not offer the option to buy actual, delivered cryptocurrency, but they do provide the ability to trade cryptocurrency derivatives.
When comparing online brokers FP Markets and Moneta Markets, it's important to note that both platforms do not support ACH or SEPA transfers, but FP Markets allows for deposits and withdrawals using PayPal and Skrill while Moneta Markets does not; however, both brokers facilitate transactions via Visa, Mastercard, and bank wires.
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 | 71 | |
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| Review | FP Markets Review | Moneta Markets Review |
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| Regulation | FP Markets | Moneta Markets | |
|---|---|---|---|
| Trust Score | 89 | 71 | |
| 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 | 0 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 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) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | 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) | FP Markets | Moneta Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FP Markets | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 1016 | |
| Forex Pairs (Total) | 71 | 45 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | 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 | FP Markets | Moneta Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 1.38 | |
| All-in Cost EUR/USD - Active | 0.7 | 0.79 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | FP Markets | Moneta Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No | |
| DupliTrade | No | Yes | |
| ZuluTrade | No | No |
| Trading Tools | FP Markets | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 4 | |
| Charting - Indicators / Studies (Total) | 30 | 105 | |
| Charting - Drawing Tools (Total) | 17 | 78 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 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 | FP Markets | Moneta Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | 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 | FP Markets | 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 | FP Markets Review | Moneta Markets Review |
| Overall | FP Markets | Moneta Markets | |
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| Trust Score | 89 | 71 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Moneta Markets Review |
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