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.
Founded in 1999, FXCM stands out as a highly trusted online broker with a Trust Score of 95 out of 99, according to ForexBrokers.com. Publicly traded and holding four Tier-1 licenses, FXCM is recognized for its trustworthy standing. Additionally, the platform has two Tier-2 licenses, further cementing its reputation in the trading community. Although it is not a bank, FXCM's regulatory compliance and lengthy establishment in the market contribute to its credibility.
In comparison, Moneta Markets, which began operations in 2009, holds a Trust Score of 79, placing it in the average risk category. Not publicly traded, Moneta Markets has one Tier-1 license and one Tier-2 license. Although it shares FXCM's non-bank status, Moneta Markets' lower number of licenses and its shorter operational history result in a less solidified trust profile. Despite these differences, both brokers offer an array of trading services to cater to various investor needs.
| Feature |
FXCM
|
Moneta Markets
|
|---|---|---|
| Year Founded | 1999 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing FXCM and Moneta Markets for their commissions and fees, one can see distinctive pricing structures and options tailored to different types of traders. FXCM offers forex trading with slightly above-average pricing for its standard accounts. For example, average spreads for the EUR/USD pair in May 2024 were 0.78 pips for EU, UK, and Australia versions and 1.38 pips for the St. Vincent and the Grenadines entity. Nevertheless, with FXCM's commission-based accounts, traders experienced spreads averaging 0.28 pips, although adding the commission makes the effective spread about 0.74 pips. With a star rating of 4 out of 5 and ranked #25 out of 63 brokers by ForexBrokers.com, FXCM provides various volume discounts but leaves room for improvement compared to industry leaders.
Moneta Markets, on the other hand, presents trading costs that vary based on the account type selected. The commission-free Direct STP account shows an average spread of 1.38 pips for the EUR/USD as of August 2023. For traders preferring commission-based accounts, the Prime ECN account offers a competitive edge with an average spread of 0.194 pips and a $6 round-trip standard lot commission, resulting in a slightly lower all-in cost of about 0.79 pips. The Ultra ECN account reduces commission costs further to $2 round-trip but requires a $20,000 deposit. Earning a higher star rating of 4.5 out of 5 and standing at #16 in the ForexBrokers.com ranking, Moneta Markets promises better pricing, though it necessitates higher deposits for the most favorable conditions.
Ultimately, while both FXCM and Moneta Markets offer attractive pricing models at different levels, traders must assess their trading volume and deposit capabilities to choose the right broker. FXCM gives opportunities for volume discounts through its Active Trader Rebate Program, while Moneta Markets leads in lower commission rates for its Ultra ECN account holders willing to meet the deposit threshold. Each trader's best option will hinge on their individual trading needs and budgetary preferences.
| 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.
FXCM and Moneta Markets both offer forex trading as CFDs and provide investors with a broad selection of tradeable instruments. FXCM provides access to 440 symbols, including 46 forex pairs. In contrast, Moneta Markets offers a wider selection with 1,016 symbols and 45 forex pairs. Both brokers do not facilitate the purchase of exchange-traded securities on U.S. or international exchanges such as Apple or Vodafone. However, they do offer copy trading, allowing investors the opportunity to mirror successful trades. While neither broker supports the purchase of actual cryptocurrencies, they do offer cryptocurrency derivatives.
Considering the range of investments available, Moneta Markets takes a slight edge with a 4-star rating compared to FXCM's 3.5-star rating. This difference is reflected in industry rankings by ForexBrokers.com, where FXCM is placed at #47 out of 63 brokers, whereas Moneta Markets comes in at #35. Both platforms provide a solid foundation for forex and derivative trading, but Moneta Markets offers a broader range of symbols to cater to diverse investment strategies.
| Feature |
FXCM
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 440 | 1016 |
| Forex Pairs (Total) | 46 | 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 | 79 |
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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 | 79 | |
| Winner | check_circle | ||
| Review | FXCM Review | Moneta Markets Review |
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| Regulation | FXCM | Moneta Markets | |
|---|---|---|---|
| Trust Score | 95 | 79 | |
| 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 | 1 | |
| 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) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | 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) | FXCM | Moneta Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| 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) |
| Investments | FXCM | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 440 | 1016 | |
| Forex Pairs (Total) | 46 | 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 |
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| Trust Score | 95 | 79 | |
| Winner | check_circle | ||
| Review | FXCM Review | Moneta Markets Review |
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