Written by ForexBrokers.com
In this head to head comparison of FXCM 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.
FXCM, founded in 1999, offers a highly trusted trading experience, holding an impressive four Tier-1 licenses. These credentials help FXCM secure a Trust Score of 95, indicating a high level of reliability. Further adding to its credibility, FXCM is a publicly traded company, which offers an extra layer of transparency to investors, even though it is not a bank. In contrast, Moneta Markets, established in 2009, holds no Tier-1 licenses and possesses just one Tier-2 license. As a result, it has a Trust Score of 71, placing it in the average risk category. Unlike FXCM, Moneta Markets is not publicly traded, which might impact the transparency and perceived trust from potential clients.
| Feature |
FXCM
|
Moneta Markets
|
|---|---|---|
| Year Founded | 1999 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 0 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing FXCM and Moneta Markets, it's essential to consider their commissions and fees to determine which is a better fit for your trading needs. FXCM’s forex trading costs are slightly above the industry average. Their standard account spreads averaged 0.78 for EUR/USD in May 2024 across its EU, U.K., and Australia offerings, while spreads for its St. Vincent and the Grenadines entity were higher at 1.38 pips. Their commission-based accounts, although starting with low spreads of 0.28 pips, have an effective spread of 0.74 pips once commissions equivalent to 0.50 pips per round-trip are factored in. FXCM offers an Active Trader Rebate Program, not available in the U.K. or EU, where rebates range from $5 to $25 per million traded, depending on the trading volume and tier. FXCM receives a 4-star rating for commissions and fees and ranks #24 out of 63 brokers on ForexBrokers.com.
Moneta Markets offers varied trading costs based on its account types: commission-based Moneta Prime ECN and Ultra ECN, and the commission-free Direct STP account. The Direct STP account, while free of commissions, has higher spreads with an average of 1.38 pips for EUR/USD in August 2023. Their Prime ECN account, however, delivers an average spread of 0.194 pips for EUR/USD, with commissions of $6 per round-trip lot, resulting in an all-in cost of about 0.79 pips, which is slightly below the industry average. For larger deposits of $20,000 or more, the Ultra ECN account offers even lower commissions of $2 per round-trip. Moneta Markets is rated 4.5 stars and holds the #16 position for commissions and fees among 63 brokers by ForexBrokers.com.
Overall, Moneta Markets presents a more competitive cost structure with tighter spreads and lower commission costs on its Ultra ECN account, especially for traders with substantial deposits. FXCM, on the other hand, provides some opportunities for rebates through its tiered rebate program, but remains slightly above average in terms of cost. Each broker excels in specific areas, with Moneta Markets slightly outperforming FXCM in the commissions and fees category according to industry rankings and ratings.
| Feature |
FXCM
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | Starts from $50 | $50 |
| Average Spread EUR/USD - Standard | 0.78 | 1.38 |
| All-in Cost EUR/USD - Active | 0.78 | 0.79 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | 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 FXCM and Moneta Markets for their range of investment options, both platforms offer the opportunity to trade forex through CFD or spot contracts. FXCM gives investors access to 440 tradeable symbols, including 43 forex pairs, while Moneta Markets provides a wider selection with 1,016 tradeable symbols and 45 forex pairs. Neither broker offers exchange-traded securities on U.S. or international exchanges, which means you can't directly purchase stocks like Apple or Vodafone through these platforms.
Both FXCM and Moneta Markets support copy trading, allowing users to replicate successful trades from seasoned investors. When it comes to cryptocurrency trading, both brokers offer derivatives rather than direct cryptocurrency purchases. In terms of ratings, FXCM is rated 3.5 stars for Range of Investments, securing the 47th spot out of 63 brokers on ForexBrokers.com, while Moneta Markets is rated 4 stars, ranking 35th in the same category. This suggests that Moneta Markets may have a slightly broader appeal in terms of investment options available to traders.
| Feature |
FXCM
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 440 | 1016 |
| Forex Pairs (Total) | 43 | 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 exploring trading platforms and tools, FXCM and Moneta Markets both present unique offerings that cater to various trading needs. FXCM takes the lead with its in-house developed trading platform, providing traders with a unique and customized experience. Both brokers offer simulated trading through free virtual demo accounts and have reliable Windows-based desktop and web-based trading platforms. While both support the widely used MetaTrader 4 (MT4), Moneta Markets offers the more advanced MetaTrader 5 (MT5) as well, giving traders an edge with its additional features. Copy trading is available on both platforms, with FXCM using ZuluTrade and Moneta Markets using DupliTrade.
For charting enthusiasts, FXCM offers a moderate selection of 10 drawing tools, whereas Moneta Markets offers a more comprehensive suite with 78 drawing tools, although the number of technical indicators available is not specified for either broker. Both provide the functionality to trade directly from stock charts, enhancing the user experience. An interesting contrast lies in the creation of watch lists; FXCM offers 13 columns for customization, providing a broader data overview than Moneta Markets’ 4-column setup. Overall, FXCM edges ahead in ratings, being awarded 5 stars for its trading platforms and tools, while also ranking sixth out of 63 brokers by ForexBrokers.com. In comparison, Moneta Markets garners a respectable 4-star rating, securing the thirty-third spot in the same ranking.
| Feature |
FXCM
|
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) | No | Yes |
| DupliTrade | No | Yes |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 115 | 105 |
| Charting - Drawing Tools (Total) | 10 | 78 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 13 | 4 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FXCM and Moneta Markets, both brokers offer a range of features that cater to the needs of modern traders. FXCM and Moneta Markets have developed apps compatible with both iPhone and Android devices, allowing users to access their accounts from virtually anywhere. Both platforms provide price alerts for stocks and forex, ensuring traders stay informed about market movements. Additionally, users will appreciate the ability to sync watchlist symbols between the mobile app and their online accounts, guaranteeing a seamless trading experience across devices. FXCM has a significant advantage in technical charting features, offering 59 technical studies, compared to Moneta Markets’ 30. Both apps allow traders to draw trendlines and view various time frames on charts while automatically saving these drawings. Creating a watchlist with real-time quotes is simple on both platforms.
FXCM takes the lead in user satisfaction, earning a 4.5-star rating for its mobile trading app compared to Moneta Markets’ 4-star rating. This high rating is supported by FXCM's #16 ranking out of 63 brokers as reviewed by ForexBrokers.com, while Moneta Markets is positioned at #35. Traders can rest assured that both apps offer essential features for monitoring and managing trades on the go. However, those prioritizing advanced charting capabilities might find FXCM's offering more appealing.
| Feature |
FXCM
|
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 | 59 | 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 FXCM and Moneta Markets in terms of market research offerings, both platforms provide daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. While neither broker offers tools from Autochartist or Acuity Trading, both make use of Trading Central's analytical tools, including Technical Analytics. They also provide sentiment-based trading tools that display the ratio of long or short positions on various instruments, along with comprehensive economic calendars detailing global news events. However, a notable difference is that FXCM offers market research through TipRanks, whereas Moneta Markets does not.
In terms of overall research quality, FXCM outshines Moneta Markets with a rating of 4.5 stars compared to Moneta's 4 stars. Additionally, FXCM ranks 11th out of 63 brokers in the Research category on ForexBrokers.com, while Moneta Markets trails behind at the 32nd position. This suggests that FXCM offers a slightly more comprehensive research experience for traders seeking extensive market insights.
| Feature |
FXCM
|
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 | Yes | 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 FXCM and Moneta Markets provide a solid foundation. Each broker offers more than 10 educational pieces focusing on forex or CFDs, including articles, videos, and archived webinars. FXCM stands out with its offering of monthly online educational webinars, adding an interactive element to their educational lineup. Meanwhile, Moneta Markets lacks this feature, which may be a consideration for those who value live educational sessions. Both brokers, however, maintain a searchable archive of recorded webinars, allowing traders to revisit past sessions at their convenience.
For beginners, both brokers offer 10 educational videos covering trading topics, ensuring that newcomers have substantial learning material. Advanced traders are not left behind either, as FXCM and Moneta Markets provide more than 10 specialized videos each to cater to experienced traders. An investor dictionary with over 50 terms is available from both brokers, enriching the learning experience by familiarizing users with essential investing terminology. According to ForexBrokers.com, FXCM holds a higher educational rating of 4.5 stars and ranks #14 out of 63 brokers in the Education category, while Moneta Markets, rated at 4 stars, stands at #33. This minor distinction reflects FXCM's slight edge in delivering educational services to beginners.
| Feature |
FXCM
|
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 FXCM is better than Moneta Markets. FXCM finished with an overall rank of #15, while Moneta Markets finished with an overall rank of #35.
For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average.
| Feature |
FXCM
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Moneta Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 71 |
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Both FXCM and Moneta Markets allow investors to trade cryptocurrency derivatives, but neither platform offers the option to purchase actual (delivered) cryptocurrency.
FXCM provides a wide array of deposit and withdrawal options, including ACH, SEPA transfers, PayPal, Skrill, Visa, Mastercard, and bank wires, whereas Moneta Markets supports primarily traditional methods such as Visa, Mastercard, and bank wires but lacks support for ACH, SEPA transfers, PayPal, and Skrill.
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 | FXCM | Moneta Markets | |
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| Trust Score | 95 | 71 | |
| Winner | check_circle | ||
| Review | FXCM Review | Moneta Markets Review |
| Broker Screenshots | FXCM | Moneta Markets | |
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| Regulation | FXCM | Moneta Markets | |
|---|---|---|---|
| Trust Score | 95 | 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 | 4 | 0 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | FXCM | Moneta Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | 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) | FXCM | Moneta Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | 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 | FXCM | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 440 | 1016 | |
| Forex Pairs (Total) | 43 | 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 | FXCM | Moneta Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.78 | 1.38 | |
| All-in Cost EUR/USD - Active | 0.78 | 0.79 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FXCM | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | Starts from $50 | $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 | Yes | No |
| Trading Platforms | FXCM | 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) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | Yes | |
| ZuluTrade | Yes | No |
| Trading Tools | FXCM | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 13 | 4 | |
| Charting - Indicators / Studies (Total) | 115 | 105 | |
| Charting - Drawing Tools (Total) | 10 | 78 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FXCM | 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 | 59 | 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 | FXCM | Moneta Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FXCM | 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 | FXCM | 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 | FXCM Review | Moneta Markets Review |
| Overall | FXCM | Moneta Markets | |
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| Trust Score | 95 | 71 | |
| Winner | check_circle | ||
| Review | FXCM Review | Moneta Markets Review |
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