Written by ForexBrokers.com
In this head to head comparison of IC 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.
When comparing IC Markets and Moneta Markets, key distinctions in their regulatory standings emerge. Founded in 2007, IC Markets holds two Tier-1 licenses, which are regarded as highly trusted, according to ForexBrokers.com. This establishes its position as a well-regarded option among online brokers. IC Markets boasts a Trust Score of 84, classifying it as trusted within the industry's standards. Although it is not a publicly traded entity or a bank, IC Markets' regulatory compliance underscores its credibility.
Moneta Markets, established in 2009, provides an alternative perspective on regulatory credentials. While it does not hold any Tier-1 licenses, it secures a Tier-2 license, which signifies a trusted status. Despite this, its Trust Score stands at 71, placing it within the average risk category. Similar to IC Markets, Moneta Markets is neither publicly traded nor a bank. The broker offers its services with a different regulatory framework, suggesting a more moderate level of trust. These aspects illuminate the nuances of choosing between these two online brokers.
| Feature |
IC Markets
|
Moneta Markets
|
|---|---|---|
| Year Founded | 2007 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
IC Markets stands out as a top choice among forex traders seeking competitive commissions and fees. With a five-star rating, the broker ranks 5th out of 63 brokers for commissions and fees. IC Markets offers three account types, each catering to different trading needs: the commission-free Standard account and the commission-based Raw Spread and cTrader Raw Spread accounts. Spreads are impressively low, with the EUR/USD pair averaging 0.02 pips on the cTrader account, leading to an all-in cost of 0.62 pips when the commission is included. Meanwhile, the MetaTrader Raw Spread account incurs a slightly higher cost of 0.72 pips. Such cost-effectiveness makes IC Markets a strong contender among low-cost forex brokers.
In comparison, Moneta Markets provides a variety of account options, including the Direct STP, Prime ECN, and Ultra ECN accounts. Achieving a 4.5-star rating, Moneta Markets ranks 16th in the Commissions and Fees category. The Prime ECN account offers a competitive all-in cost of roughly 0.79 pips on the EUR/USD pair, with a commission of $6 per round trip. Their Ultra ECN account presents even lower commissions at $2 per round turn for those willing to deposit $20,000 or more. Despite this, the Direct STP account incurs higher spreads, making it less competitive overall.
While both IC Markets and Moneta Markets deliver strong options for forex trading, IC Markets tends to excel with its lower trading costs and flexibility across different account types. IC Markets' efficient commission structure and client-friendly spread offerings make it a preferred choice, particularly for traders who are cost-sensitive and seek to maximize their returns.
| Feature |
IC Markets
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | $200 | $50 |
| Average Spread EUR/USD - Standard | 0.62 | 1.38 |
| All-in Cost EUR/USD - Active | 0.62 | 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.
Choosing between IC Markets and Moneta Markets boils down to the breadth of investment options each platform offers. Both platforms provide forex trading opportunities through CFDs and offer access to cryptocurrency derivatives, appealing to traders interested in these areas. IC Markets stands out with a more extensive selection of tradeable symbols, offering 3,583 compared to Moneta Markets' 1,016. Additionally, IC Markets provides access to 61 tradeable forex pairs, while Moneta Markets offers 45. However, both brokers fall short of offering direct investments in U.S. exchange-traded securities, though IC Markets gives an edge by allowing investments on select international exchanges like the London Stock Exchange.
For those interested in copy trading, both platforms offer this capability, allowing traders to follow and imitate successful strategies. Despite their similarities, the rating and ranking differ slightly, with IC Markets achieving a 4.5-star rating and a rank of #25 out of 63 brokers for the range of investments, compared to Moneta Markets' 4-star rating and #35 rank. This difference underscores IC Markets' broader appeal for those seeking a wide array of trading options.
| Feature |
IC Markets
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3583 | 1016 |
| Forex Pairs (Total) | 61 | 45 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | 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.
IC Markets and Moneta Markets both offer traders a comprehensive suite of platforms and tools to enhance their trading experience. Both brokers provide access to simulated trading through free virtual demo accounts, allowing newcomers and experienced traders alike to practice and hone their skills without financial risk. While neither broker offers a proprietary trading platform, they both support reliable Windows-based desktop and web-based platforms. For fans of MetaTrader, the availability of both MT4 and MT5 platforms gives traders a wide range of options to execute their strategies. Additionally, both IC Markets and Moneta Markets support copy trading; however, IC Markets integrates ZuluTrade, while Moneta Markets offers DupliTrade.
Regarding charting capabilities, Moneta Markets stands out with a greater variety of drawing tools available, boasting 78 compared to IC Markets' 15. Both brokers allow users to trade directly from stock charts, enhancing the interactive trading experience. Watch lists on IC Markets can incorporate up to seven columns of information, which is more than the four offered by Moneta Markets. Both brokers have garnered positive ratings of 4 stars for their trading platforms and tools. Nevertheless, they are differentiated in their rankings by ForexBrokers.com; IC Markets holds a higher position at #16 out of 63 brokers, while Moneta Markets is ranked at #33, suggesting a slight edge in the eyes of industry reviewers.
| Feature |
IC Markets
|
Moneta Markets
|
|---|---|---|
| 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 | No | Yes |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 105 |
| Charting - Drawing Tools (Total) | 15 | 78 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 4 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both IC Markets and Moneta Markets provide mobile trading apps for iPhone and Android devices, ensuring access to trading on the go. These apps share several features, including stock and forex price alerts, the ability to create watchlists with real-time quotes, and robust charting capabilities with 30 technical studies and multiple time frame options. Users can draw trendlines and their drawings are automatically saved, simplifying the analysis process.
A key difference lies in the watchlist syncing capability. Moneta Markets allows users to sync watchlists between its mobile app and online account, making it convenient for traders who use multiple devices. IC Markets lacks this feature but still offers a comprehensive mobile trading experience. Both apps have earned an impressive 4-star rating, with IC Markets ranking 22nd among 63 brokers in the Mobile Trading Apps category by ForexBrokers.com, while Moneta Markets holds the 35th position.
| Feature |
IC 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 | 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.
Both IC Markets and Moneta Markets provide strong offerings for market research. They both supply daily market commentary and forex news from renowned sources like Bloomberg, Reuters, and Dow Jones. Traders can benefit from their sentiment-based trading tools, indicating long and short position ratios across various instruments, and both platforms offer an economic calendar to track significant upcoming global events. Additionally, while both brokers have access to Trading Central's technical analytics, IC Markets has an edge with the inclusion of Autochartist's research tools, which Moneta Markets does not offer. However, neither platform provides market research from TipRanks or tools from Acuity Trading.
When evaluated for research capabilities, both IC Markets and Moneta Markets earn a rating of 4 out of 5 stars. However, IC Markets holds a stronger position in the ranking, placed at 23 out of 63 brokers, compared to Moneta Markets, which is ranked at 32. This slight difference in rankings suggests that although both brokers offer comprehensive research features, IC Markets may be preferred by traders who place a premium on advanced analysis tools like those from Autochartist.
| Feature |
IC 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, both IC Markets and Moneta Markets provide a rich selection of materials to help new traders navigate the complexities of forex and CFDs trading. Both platforms offer over 10 educational pieces, such as articles, videos, and archived webinars, tailored to cover essential forex and CFDs topics. They each deliver more than 10 beginner-focused videos, ensuring a comprehensive introduction to trading basics. In terms of advanced education, both platforms go beyond beginner content, offering over 10 videos aimed at more experienced traders. Additionally, both IC Markets and Moneta Markets have a searchable archive of previously recorded client webinars and feature an investor dictionary with extensive terms to aid learning.
Despite these similarities, IC Markets distinguishes itself with monthly live educational webinars, a feature Moneta Markets does not offer. This commitment to ongoing education and interactive learning contributes to their slight competitive edge. While both brokers are rated four stars for education, IC Markets is ranked #16 by ForexBrokers.com for education, whereas Moneta Markets holds the #33 spot. This ranking highlights IC Markets' higher standing in providing educational resources, making it potentially more appealing for beginners seeking interactive learning opportunities. Overall, both brokers present substantial educational offerings, yet IC Markets may offer a more engaging ongoing learning experience.
| Feature |
IC 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 IC Markets is better than Moneta Markets. IC Markets finished with an overall rank of #20, while Moneta Markets finished with an overall rank of #35.
IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders.
| Feature |
IC Markets
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Moneta Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 71 |
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IC Markets and Moneta Markets both offer the ability to buy cryptocurrency derivatives, although neither allows the purchase of actual delivered cryptocurrency.
IC Markets and Moneta Markets both offer Visa/Mastercard and bank wire options for deposits or withdrawals, but IC Markets further distinguishes itself by providing PayPal and Skrill, options not available through Moneta Markets, while neither broker supports ACH or SEPA transfers.
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 | IC Markets | Moneta Markets | |
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| Trust Score | 84 | 71 | |
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| Review | IC Markets Review | Moneta Markets Review |
| Broker Screenshots | IC Markets | Moneta Markets | |
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| Regulation | IC Markets | Moneta Markets | |
|---|---|---|---|
| Trust Score | 84 | 71 | |
| Year Founded | 2007 | 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 | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | IC 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) | IC Markets | Moneta Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | IC Markets | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3583 | 1016 | |
| Forex Pairs (Total) | 61 | 45 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | IC Markets | Moneta Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.62 | 1.38 | |
| All-in Cost EUR/USD - Active | 0.62 | 0.79 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | IC Markets | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | $200 | $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 | IC Markets | Moneta Markets | |
|---|---|---|---|
| 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 | Yes | No | |
| DupliTrade | No | Yes | |
| ZuluTrade | Yes | No |
| Trading Tools | IC 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) | 15 | 78 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IC 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 | 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 | IC 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 | IC 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 | IC 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 | IC Markets Review | Moneta Markets Review |
| Overall | IC Markets | Moneta Markets | |
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| Trust Score | 84 | 71 | |
| Winner | check_circle | ||
| Review | IC Markets Review | Moneta Markets Review |
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