Written by ForexBrokers.com
In this head to head comparison of Moneta Markets vs FXGT.com, 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.
Moneta Markets and FXGT.com are online brokers that bring unique attributes to the table in terms of their regulatory standings and trust scores. Moneta Markets, established in 2009, operates with no publicly traded status or banking function, similar to FXGT.com, which began in 2019. Moneta Markets holds one Tier-2 license, denoting a trusted level of regulation, with a trust score of 71 from ForexBrokers.com, marking an average risk level. FXGT.com, although founded later, boasts one Tier-1 license indicative of high trust but holds a lower trust score of 69, implying a high-risk level according to the rating criteria.
Despite neither being a bank nor publicly traded, the brokers offer a distinct balance in terms of regulatory coverage. Moneta Markets relies on its Tier-2 license for assurance, whereas FXGT.com leverages its Tier-1 license to instill confidence. This makes Moneta Markets slightly more appealing to those prioritizing risk within the average range, whereas FXGT.com might interest those who value the trust granted by a Tier-1 regulatory body, even with its associated high-risk rating. These factors should be carefully considered when choosing between these two brokers for any trading requirements.
| Feature |
Moneta Markets
|
FXGT.com
|
|---|---|---|
| Year Founded | 2009 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 0 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
Moneta Markets offers three account options that cater to different trader preferences when it comes to commissions and fees. The commission-free Direct STP account has higher spreads, averaging 1.38 pips for the EUR/USD pair in August 2023. For traders seeking lower spreads, the Prime ECN account provides an average spread of 0.194 pips, with a commission of $3 per side for every 100,000 units, amounting to a total cost of approximately 0.79 pips. The Ultra ECN account requires a $20,000 deposit but offers tighter spreads with a lower commission of $2 per round-trip. Moneta Markets currently holds a 4.5-star rating for commissions and fees, ranking #16 out of 63 brokers.
In contrast, FXGT.com lacks available data on average spreads, making direct cost comparisons challenging. While FXGT.com provides a platform for trading, the absence of detailed spread information may leave potential traders uncertain about its pricing advantages or disadvantages. FXGT.com is rated 3.5 stars for commissions and fees, significantly lower than Moneta Markets, and ranks #56 out of 63 brokers in this category.
Overall, Moneta Markets stands out with competitive pricing options for those who prioritize reduced trading costs, particularly in its Prime and Ultra ECN accounts. With a higher star rating and ranking, Moneta Markets appears to offer more transparent and potentially cost-effective trading conditions compared to FXGT.com.
| Feature |
Moneta Markets
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $50 | $5 |
| Average Spread EUR/USD - Standard | 1.38 | N/A |
| All-in Cost EUR/USD - Active | 0.79 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | 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.
Moneta Markets and FXGT.com both offer forex trading through CFDs or spot contracts, catering to forex enthusiasts. While Moneta Markets provides a larger selection with 1,016 tradeable symbols, FXGT.com offers a more streamlined experience with 117 symbols. When it comes to forex pairs, FXGT.com has a slight edge, offering 53 compared to Moneta Markets' 45. However, neither broker provides access to exchange-traded securities on U.S. or international exchanges, which means clients cannot buy shares like Apple or Vodafone directly. Both brokers support copy trading for those interested in mimicking successful traders.
Both Moneta Markets and FXGT.com allow trading of cryptocurrency derivatives, but not the actual digital currencies themselves. In terms of investment range, Moneta Markets shines brighter with a 4-star rating and a ranking of 35th out of 63 brokers by ForexBrokers.com, whereas FXGT.com holds a 3-star rating and sits at 61st in the same category. Overall, Moneta Markets appears to offer a broader range of investment options compared to FXGT.com, making it potentially more appealing for those seeking diverse trading opportunities.
| Feature |
Moneta Markets
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 117 |
| Forex Pairs (Total) | 45 | 53 |
| 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 choosing between Moneta Markets and FXGT.com for trading platforms and tools, there are several key features to consider. Both brokers are evenly matched in offering popular platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), along with options for web-based and Windows-based desktop trading. They also provide free virtual demo accounts and support copy trading, making them accessible for both beginners and experienced traders. However, Moneta Markets edges ahead by offering DupliTrade, a feature FXGT.com does not have, and a larger selection of drawing tools at 78 compared to FXGT.com's 23.
For those focused on charting and customization, Moneta Markets provides the ability to trade directly from stock charts and supports a wide range of technical indicators, alongside competitive features such as four watch list columns and numerous drawing tools. FXGT.com, while also supporting trading directly from stock charts, offers a slightly higher number of watch list columns at five. However, Moneta Markets ranks higher for trading platforms and tools on ForexBrokers.com, holding the 33rd position compared to FXGT.com's 56th. Both brokers achieve a 4-star rating, providing high-quality trading solutions, but Moneta Markets might appeal more to traders looking for a comprehensive set of charting and analytical tools.
| Feature |
Moneta Markets
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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 | Yes | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 105 | 37 |
| Charting - Drawing Tools (Total) | 78 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 4 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When diving into mobile trading, both Moneta Markets and FXGT.com present strong platforms for iPhone and Android users. Both of these online brokers ensure you can stay alert with stock and forex price notifications and keep your watchlists synchronized between mobile and online accounts. Each mobile app showcases 30 technical studies for effective chart analysis and allows users to draw trendlines and switch between multiple time frames like daily or intraday views. The automatic saving of chart drawings adds a layer of convenience for traders on the go.
However, there are some differences in their reception among users. Moneta Markets receives a slightly higher rating of 4 out of 5 stars, compared to FXGT.com's 3.5 stars. In the broader competitive landscape, Moneta Markets ranks 35th out of 63 brokers for mobile trading apps according to ForexBrokers.com, whereas FXGT.com is positioned further down the list at 58th. Despite these differences, both apps capably support creating watchlists and delivering real-time quotes to empower your trading experience right from your smartphone.
| Feature |
Moneta Markets
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 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 Moneta Markets to FXGT.com in terms of market research offerings, there are notable differences. Moneta Markets excels with daily market commentary and provides forex news from top-tier sources like Bloomberg and Reuters. FXGT.com, however, lacks these features. Both brokers do not incorporate tools from Autochartist, but Moneta Markets stands out by offering advanced technical analysis tools from Trading Central. Both platforms include sentiment-based trading tools to show traders the ratio of long or short positions across various currency pairs, ensuring traders have essential sentiment data at their disposal.
Both Moneta Markets and FXGT.com offer an economic calendar that details current and upcoming global economic events. Despite these similarities, Moneta Markets boasts a higher research rating of 4 stars compared to FXGT.com's 3 stars. Additionally, Moneta Markets ranks higher at #32 in the Research category according to ForexBrokers.com, whereas FXGT.com is positioned lower at #56. This indicates a more comprehensive approach by Moneta Markets in supporting traders with valuable research and information.
| Feature |
Moneta Markets
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| 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 comparing the educational resources offered to beginners by Moneta Markets and FXGT.com, Moneta Markets stands out for its extensive range of learning materials. Moneta Markets provides an array of over ten educational pieces including articles and videos focusing on forex and CFDs, and offers a searchable archive of previously recorded client webinars. They also have more than ten educational videos tailored specifically for beginner traders and an equal number geared towards advanced learning. Additionally, Moneta Markets comes equipped with a comprehensive investor dictionary containing over 50 trading terms. These offerings contribute to its commendable educational rating of 4 stars, ranking it 33rd among 63 brokers in education according to ForexBrokers.com.
In contrast, FXGT.com lags behind with fewer resources tailored to new traders. Although it maintains an investor dictionary with over 50 terms, similar to Moneta Markets, it lacks a broad range of beginner and advanced video tutorials and doesn’t provide a significant collection of educational articles, videos, or webinars. As a result, FXGT.com is rated 3 stars for education and is positioned at 60th place out of 63 brokers in the educational category by ForexBrokers.com. Both providers do not offer monthly online educational webinars, slightly limiting their ability to provide ongoing live educational support.
| Feature |
Moneta Markets
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| 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 Moneta Markets is better than FXGT.com. Moneta Markets finished with an overall rank of #35, while FXGT.com finished with an overall rank of #59.
Moneta Markets is a new brand under parent company Vantage Group, which offers traders the MetaTrader suite of platforms as well as a basic web and mobile app. While it does support a decent range of third-party features, Moneta Markets has lackluster research and educational offerings, and its pricing is average.
| Feature |
Moneta Markets
|
FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 69 |
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Both Moneta Markets and FXGT.com do not offer the ability to buy actual, delivered cryptocurrency, but they do provide options to trade cryptocurrency derivatives.
When comparing Moneta Markets and FXGT.com, both online brokers offer Visa or Mastercard and bank wires for deposit and withdrawal options, but FXGT.com additionally supports ACH and SEPA transfers, a feature not available with Moneta Markets; neither platform supports PayPal or 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 | Moneta Markets | FXGT.com | |
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| Trust Score | 71 | 69 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
| Broker Screenshots | Moneta Markets | FXGT.com | |
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| Regulation | Moneta Markets | FXGT.com | |
|---|---|---|---|
| Trust Score | 71 | 69 | |
| Year Founded | 2009 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 0 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | Moneta Markets | FXGT.com | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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). | No | Yes |
| Tier-2 Licenses (Trusted) | Moneta Markets | FXGT.com | |
|---|---|---|---|
| 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 | Moneta Markets | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1016 | 117 | |
| Forex Pairs (Total) | 45 | 53 | |
| 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 | Moneta Markets | FXGT.com | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.38 | N/A | |
| All-in Cost EUR/USD - Active | 0.79 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Moneta Markets | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $50 | $5 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Moneta Markets | FXGT.com | |
|---|---|---|---|
| Proprietary Platform | No | 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 | No | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Moneta Markets | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 4 | 5 | |
| Charting - Indicators / Studies (Total) | 105 | 37 | |
| Charting - Drawing Tools (Total) | 78 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Moneta Markets | FXGT.com | |
|---|---|---|---|
| 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 | 30 | 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 | Moneta Markets | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Moneta Markets | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Moneta Markets | FXGT.com | |
|---|---|---|---|
| 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 | Moneta Markets Review |
| Overall | Moneta Markets | FXGT.com | |
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| Trust Score | 71 | 69 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
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