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, both established online brokers in the forex market, important differences emerge in their regulatory standings. Founded in 2007, IC Markets holds two Tier-1 licenses, positioning it as a highly trusted broker according to ForexBrokers.com. With a Trust Score of 84, it falls within the 'trusted' category, ensuring a level of credibility and reliability for traders. On the other hand, Moneta Markets, founded in 2009, carries one Tier-1 license and an additional Tier-2 license, earning a Trust Score of 79. This score situates Moneta Markets on the border of 'average risk' and 'trusted', slightly behind IC Markets in trustworthiness.
Neither broker is publicly traded or operates as a bank, implying both are privately held entities. While both have carved a niche in brokerage services, their regulatory credentials could impact investor confidence. IC Markets edges ahead with a stronger regulatory framework, potentially offering greater peace of mind for traders concerned with regulatory oversight. Meanwhile, Moneta Markets provides a balanced but slightly less secure option according to ratings given by ForexBrokers.com. This makes the choice between them a decision of weighing trust versus potential risk exposure.
| Feature |
IC Markets
|
Moneta Markets
|
|---|---|---|
| Year Founded | 2007 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
If you’re comparing IC Markets vs Moneta Markets on commissions and fees, IC Markets generally comes out cheaper for typical forex trades. On EUR/USD, IC Markets’ cTrader Raw account averages about 0.62 pips all-in (0.02 pip spread plus 0.6 pip commission equivalent), while its MetaTrader Raw account is about 0.72 pips all-in. Its commission-free Standard account averages about 0.62 pips. By contrast, Moneta Markets’ commission-free Direct STP account averages about 1.38 pips on EUR/USD, and its Prime ECN account averages roughly 0.79 pips all-in (0.194 pip spread plus a $6 round-turn commission). Moneta’s Ultra ECN cuts commission to $2 round-turn, but it requires a $20,000 deposit.
IC Markets offers three account types (Standard, Raw Spread for MT4/MT5, and cTrader Raw) and varies pricing by platform and entity (EU, Australia, Seychelles). Commissions are $3 per side ($6 RT) on cTrader Raw and $3.5 per side ($7 RT) on MT4/MT5 Raw, with active-trader discounts above 100 lots per month. IC Markets is rated 5 stars for Commissions & Fees and ranks #5 out of 63 brokers, earning Best in Class honors in the 2024 awards.
Moneta Markets also has three accounts (Direct STP, Prime ECN, Ultra ECN). The Direct STP is spread-only at about 1.38 pips on EUR/USD. Prime ECN pairs a 0.194 pip average spread with a $6 round-turn commission for about 0.79 pips all-in, while Ultra ECN lowers commission to $2 round-turn for deposits of $20,000 or more. Overall pricing is competitive but not at the very lowest levels, especially without the Ultra ECN deposit. Moneta Markets is rated 4.5 stars for Commissions & Fees and ranks #17 out of 63 brokers.
| 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 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing the range of investments, IC Markets lists 3,583 tradeable symbols and 61 forex pairs, while Moneta Markets offers 1,016 symbols and 45 forex pairs. Both brokers support forex trading as CFDs or spot contracts and include copy trading. For crypto, neither lets you buy actual coins, but both provide cryptocurrency derivatives. A notable difference is stock market access: IC Markets offers exchange-traded international shares (not CFDs), whereas neither broker provides exchange-traded shares on U.S. exchanges and Moneta Markets doesn’t offer exchange-traded shares at all.
Independent ratings reflect this spread. For range of investments, ForexBrokers.com rates IC Markets 4.5 stars and ranks it 26th of 63 brokers, while Moneta Markets earns 4 stars and ranks 36th. If you want more symbols, more forex pairs, and the option to trade exchange-listed international shares, IC Markets has the edge; if you’re satisfied with a smaller lineup that still includes forex, crypto derivatives, and copy trading, Moneta Markets covers the essentials.
| 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 (Underlying) | 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 free demo accounts for paper trading. Neither uses a proprietary platform; instead, each supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) on Windows desktop and in your web browser. Copy trading is available at both brokers, and you can place trades directly from charts. According to ForexBrokers.com, both are rated 4 out of 5 stars for Trading Platforms and Tools.
For rankings, ForexBrokers.com lists IC Markets at #16 out of 63 brokers in this category, while Moneta Markets is #34. In short, both are capable choices, with IC Markets scoring higher overall. Since they share the same core setups (MT4/MT5, web and desktop access, copy trading, chart trading), the best pick may come down to personal preference—use their free demo accounts to see which platform and workflow you like best.
| Feature |
IC Markets
|
Moneta Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading 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 |
| Charting - Indicators / Studies (Total) | 30 | 105 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
IC Markets and Moneta Markets both offer full-featured mobile trading apps for iPhone and Android. Each app supports stock and forex price alerts, real-time quote watchlists, 30 technical studies for charting, trendline drawing, and auto-saving of chart annotations. That means you can analyze markets and pick up where you left off across sessions without losing your work.
The biggest difference is watchlist syncing: Moneta Markets syncs watchlists between the mobile app and your online account, while IC Markets does not. Both earn 4 out of 5 stars for mobile trading apps, but their category placements differ on ForexBrokers.com—IC Markets ranks #22 out of 63 brokers, whereas Moneta Markets ranks #36. If synced watchlists matter most, Moneta Markets is appealing; if overall standing is your tie-breaker, IC Markets holds the edge.
| Feature |
IC Markets
|
Moneta Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
IC Markets and Moneta Markets both deliver the core research tools traders expect: daily market commentary, forex news from leading sources like Bloomberg/Reuters/Dow Jones, Trading Central analytics, sentiment tools that show long/short positioning, and a full economic calendar. Neither broker includes research from TipRanks or Acuity Trading (Signal Centre).
The key difference is Autochartist: IC Markets offers it, while Moneta Markets does not. Both are rated 4 stars for research, but IC Markets ranks higher with ForexBrokers.com (#23 out of 63) compared with Moneta Markets (#33 out of 63). If you value automated pattern recognition and trade ideas from Autochartist, IC Markets has an edge; otherwise, their day-to-day research coverage is similarly comprehensive.
| 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 |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
IC Markets vs. Moneta Markets for beginner education: both brokers provide at least 10 beginner-focused trading videos, plus 10+ advanced videos for when you’re ready to go deeper. IC Markets also runs client webinars at least once a month, which can help new traders ask questions and learn in real time. Moneta Markets does not offer monthly educational webinars. It’s not specified whether either broker maintains a searchable archive of past webinars, or whether they provide an investor dictionary with 50+ terms.
Both earn 4 out of 5 stars for Education, but IC Markets ranks higher overall (#16 of 63) than Moneta Markets (#33 of 63) in ForexBrokers.com’s Education category. If you want live sessions to reinforce video learning, IC Markets is the stronger fit. If you’re happy learning through videos alone, Moneta Markets still offers plenty for beginners.
| Feature |
IC Markets
|
Moneta Markets
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | 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
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|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 79 |
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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 vs Moneta Markets: neither supports ACH or SEPA transfers, both support bank wire deposits and withdrawals, IC Markets additionally offers PayPal and Skrill while Moneta Markets does not, and Visa/Mastercard availability is not specified for either broker.
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 | 79 | |
| Winner | check_circle | ||
| 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 | 79 | |
| 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 | 1 | |
| 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) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | 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) | IC Markets | Moneta Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| 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 (Underlying) | 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 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | IC Markets | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | $200 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | IC Markets | Moneta Markets | |
|---|---|---|---|
| Proprietary Desktop Trading 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 |
| Trading Tools | IC Markets | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 105 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - 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 | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | IC Markets | Moneta Markets | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | IC Markets | Moneta Markets | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD [DELETED] | |||
| Review | IC Markets Review | Moneta Markets Review |
| Overall | IC Markets | Moneta Markets | |
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| Trust Score | 84 | 79 | |
| Winner | check_circle | ||
| Review | IC Markets Review | Moneta Markets Review |
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