Written by ForexBrokers.com
In this head to head comparison of Moneta Markets vs IFC 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.
Moneta Markets, established in 2009, and IFC Markets, founded in 2006, are both online brokers operating without public trading on a stock exchange and neither institution functions as a bank. While Moneta Markets and IFC Markets hold one Tier-2 license each, considered "trusted" according to ForexBrokers.com criteria, neither holds any Tier-1 licenses. This regulatory status offers moderate assurance with both brokers operating under a mid-range trust environment.
When it comes to trustworthiness, Moneta Markets secures a Trust Score of 71, indicating an average risk level as per ForexBrokers.com. Conversely, IFC Markets achieves a slightly higher Trust Score of 73, also classifying it within the average risk category. This subtly highlights IFC Markets as marginally more trusted than Moneta Markets based on these ratings, although both brokers maintain a similar risk profile in the eyes of regulatory assessments.
| Feature |
Moneta Markets
|
IFC Markets
|
|---|---|---|
| Year Founded | 2009 | 2006 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 0 | 0 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When evaluating commissions and fees, Moneta Markets offers three different account types—Moneta Prime ECN, Ultra ECN, and Direct STP. The Direct STP account is commission-free, featuring an average spread of 1.38 pips for the EUR/USD pair as of August 2023. On the other hand, the Prime ECN account has a lower average spread of 0.194 pips with a commission of $3 per 100,000 units traded, resulting in a combined cost of approximately 0.79 pips. For high-balance traders, the Ultra ECN account offers an even tighter spread with a low commission of $2 per round-turn lot, but requires a $20,000 deposit. While the pricing models are appealing, Moneta Markets’ overall fee structure lags behind top-tier forex brokers. Rated 4.5 stars, Moneta Markets ranks 16th out of 63 brokers in the Commissions and Fees category according to ForexBrokers.com.
In contrast, IFC Markets provides a slightly more straightforward fee structure. The average spread for the popular EUR/USD pair stands at 1.44 pips, which is higher than the industry average of 1.08. However, active traders can benefit from its new ECN account, which offers effective spreads of 1.1 pips after accounting for a 0.005% commission on both sides of each trade. Additionally, traders can enjoy the absence of inactivity fees and take advantage of active trader discounts. With a 4-star rating, IFC Markets is ranked 39th out of 63 brokers for commissions and fees, according to ForexBrokers.com.
Overall, while both Moneta Markets and IFC Markets offer competitive perks, Moneta Markets has a slight edge in terms of pricing and features and is ranked higher. IFC Markets appeals to cost-conscious traders with its transparent fee structure and no-inactivity fees, although its spreads may not be as attractive for some traders compared to its competitors. Each platform caters to different trading styles, making the choice largely dependent on individual trading needs and preferences.
| Feature |
Moneta Markets
|
IFC Markets
|
|---|---|---|
| Minimum Deposit | $50 | $1 |
| Average Spread EUR/USD - Standard | 1.38 | 1.44 |
| All-in Cost EUR/USD - Active | 0.79 | 1.1 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| 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.
When comparing Moneta Markets and IFC Markets, both brokers provide forex trading as CFDs with Moneta Markets offering 1016 tradeable symbols compared to IFC Markets' 630. Moneta Markets caters to forex traders with 45 tradeable forex pairs, while IFC Markets nudges ahead by offering 49 forex pairs. Neither platform allows clients to purchase exchange-traded securities on U.S. exchanges such as Apple; however, IFC Markets stands out by offering access to international exchanges like the London Stock Exchange, a feature Moneta Markets does not provide. Both brokers support copy trading services and enable trading in cryptocurrency derivatives, although neither offers actual cryptocurrency purchases.
In terms of ratings and rankings, Moneta Markets achieves a 4-star rating for its range of investments. It holds the 35th spot out of 63 brokers assessed by ForexBrokers.com. On the other hand, IFC Markets carries a slightly lower rating of 3.5 stars and ranks 43rd in the same category. This suggests that Moneta Markets might offer a somewhat broader range of investment opportunities and tools compared to IFC Markets, despite both brokers sharing several common features. Overall, Moneta Markets may appeal more to investors seeking a wide array of trading instruments.
| Feature |
Moneta Markets
|
IFC Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 630 |
| Forex Pairs (Total) | 45 | 49 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing the online trading platforms of Moneta Markets and IFC Markets, both brokers provide environments suitable for beginners and seasoned traders alike, starting with simulated trading through free virtual demo accounts. While Moneta Markets and IFC Markets both support popular trading platforms such as MetaTrader 4 and MetaTrader 5, IFC Markets offers an additional edge with its proprietary platform, carefully developed in-house. However, Moneta Markets rounds out its offerings with DupliTrade, a feature that isn't available with IFC Markets.
For traders who pay close attention to charting, Moneta Markets provides more flexibility with 78 drawing tools compared to IFC Markets’ 15. While both brokers allow direct trading from stock charts, each has its strengths in customizing watch lists—with Moneta Markets offering 4 columns and IFC Markets providing 7 for more detailed tracking. Rated equally at 4 stars for their trading platforms and tools, Moneta Markets narrowly edges out IFC Markets in rankings, coming in at 33rd place compared to IFC Markets’ 36th in ForexBrokers.com's list of 63 brokers.
| Feature |
Moneta Markets
|
IFC Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| 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 | 30 |
| Charting - Drawing Tools (Total) | 78 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 4 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading, both Moneta Markets and IFC Markets offer their customers convenient iPhone and Android apps, making it easy to trade on the go. Each app provides stock and forex price alerts, symbol syncing for watchlists, and the capability to explore various technical studies—30, to be exact. Users can also draw trendlines and view multiple timeframes such as daily, weekly, and intraday directly from their mobile apps. Importantly, any drawings made are automatically saved, ensuring continuity across devices.
Both brokers support creating watchlists with real-time quotes, adding to their user-friendly experience. In terms of mobile app ratings, Moneta Markets and IFC Markets are both awarded 4 out of 5 stars. However, they differ in their rankings by ForexBrokers.com among 63 brokers; Moneta Markets holds the #35 spot, while IFC Markets sits at #52. This suggests that while both apps offer a solid range of features, Moneta Markets may provide a slightly more favorable user experience based on broader evaluations.
| Feature |
Moneta Markets
|
IFC Markets
|
|---|---|---|
| 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.
Moneta Markets and IFC Markets both provide daily market commentary and have tools to gauge market sentiment, displaying the ratio of long or short positions across currency pairs. When it comes to delivering timely forex news, Moneta Markets distinguishes itself by sourcing updates from top-tier providers like Bloomberg and Reuters, while IFC Markets does not integrate such high-caliber news sources. Both brokers offer economic calendars, helping traders stay informed about global news events affecting various economies.
Moneta Markets takes the lead in research tools by offering access to Trading Central, a well-known service for technical analysis, whereas IFC Markets does not offer Trading Central or similar resources. Neither broker provides tools or analysis from Autochartist, TipRanks, or Acuity Trading. According to ForexBrokers.com, Moneta Markets earned a research rating of 4 stars out of 5 and is ranked 32nd out of 63 brokers. Comparatively, IFC Markets received a 3.5-star rating and holds the 40th position, making Moneta Markets a more highly regarded choice for market research needs.
| Feature |
Moneta Markets
|
IFC Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| 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 it comes to educational resources for beginners, both Moneta Markets and IFC Markets provide a solid foundation with a collection of over ten educational materials focused on forex and CFDs, including articles, videos, and archived webinars. Importantly, both offer more than ten beginner-friendly videos to introduce newcomers to trading concepts. However, neither broker hosts monthly live educational webinars, which could be a drawback for those who prefer real-time learning sessions.
Moneta Markets shines with its searchable archive of past client webinars, a resource that IFC Markets lacks. Both platforms provide advanced educational videos and maintain an investor dictionary with over 50 investing terms, contributing to a well-rounded understanding for users at all levels. In terms of ratings, Moneta Markets scores a bit higher with 4 stars compared to IFC Markets' 3.5 stars. Despite this, IFC Markets holds a slightly better rank for education at #30, while Moneta Markets is ranked #33 out of 63 brokers, according to ForexBrokers.com.
| Feature |
Moneta Markets
|
IFC Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| 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 Moneta Markets is better than IFC Markets. Moneta Markets finished with an overall rank of #35, while IFC Markets finished with an overall rank of #45.
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
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IFC Markets
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|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 73 |
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Both Moneta Markets and IFC Markets do not offer the ability to buy actual delivered cryptocurrency, but they both provide the option to buy cryptocurrency derivatives.
When comparing online brokers Moneta Markets and IFC Markets, both platforms offer Visa or Mastercard and bank wire options for deposits and withdrawals, but neither supports ACH, SEPA, PayPal, or Skrill transactions.
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 | IFC Markets | |
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| Trust Score | 71 | 73 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
| Broker Screenshots | Moneta Markets | IFC Markets | |
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| Regulation | Moneta Markets | IFC Markets | |
|---|---|---|---|
| Trust Score | 71 | 73 | |
| Year Founded | 2009 | 2006 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 0 | 0 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Moneta Markets | IFC Markets | |
|---|---|---|---|
| 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 | No |
| Tier-2 Licenses (Trusted) | Moneta Markets | IFC Markets | |
|---|---|---|---|
| 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 | IFC Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1016 | 630 | |
| Forex Pairs (Total) | 45 | 49 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| 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). |
| Cost | Moneta Markets | IFC Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.38 | 1.44 | |
| All-in Cost EUR/USD - Active | 0.79 | 1.1 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Moneta Markets | IFC Markets | |
|---|---|---|---|
| Minimum Deposit | $50 | $1 | |
| 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 | No |
| Trading Platforms | Moneta Markets | IFC Markets | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| 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 | IFC Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 4 | 7 | |
| Charting - Indicators / Studies (Total) | 105 | 30 | |
| Charting - Drawing Tools (Total) | 78 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Moneta Markets | IFC 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 | 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 | IFC Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| 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 | IFC Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Moneta Markets | IFC 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 | Moneta Markets Review |
| Overall | Moneta Markets | IFC Markets | |
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| Trust Score | 71 | 73 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
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