Written by ForexBrokers.com
In this head to head comparison of Moneta Markets vs iFOREX, 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 exploring the online trading platforms Moneta Markets and iFOREX, it's clear that both provide unique offerings. Founded in 2009, Moneta Markets holds a Trust Score of 71 and is not publicly traded or a bank. It maintains a Tier-2 license, indicating a trusted status, although it lacks the more secure Tier-1 licensing. On the other hand, iFOREX, established in 1996, enjoys a slightly higher Trust Score of 75. This platform is also not publicly traded or a bank, but it holds a crucial Tier-1 license, reflecting a strong trust level among traders.
Both platforms offer varying levels of safety based on their regulatory credentials. Moneta Markets, with a single Tier-2 license, offers a trusted environment, though slightly less so than iFOREX, which boasts a Tier-1 license. Understanding these distinctions is critical for traders evaluating their options for security and credibility in online trading platforms.
| Feature |
Moneta Markets
|
iFOREX
|
|---|---|---|
| Year Founded | 2009 | 1996 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 0 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commission and fee structures of Moneta Markets and iFOREX, Moneta Markets stands out with a rating of 4.5 out of five stars. Offering three account types, Moneta Markets provides both commission-free and commission-based options. The Direct STP account is commission-free but has higher spreads, averaging 1.38 pips for the EUR/USD pair in August 2023. For traders seeking lower spreads, the Prime ECN account averages at 0.194 pips with a commission of $3 per side for every 100,000 units, resulting in a competitive all-in cost of around 0.79 pips. Meanwhile, the Ultra ECN account offers even tighter spreads with a $2 round-trip commission for those able to meet the $20,000 deposit requirement.
In contrast, iFOREX has a less transparent fee structure, with no available average spread data. This lack of information is reflected in its lower ratings, earning it 3 out of five stars for commissions and fees. Consequently, iFOREX is ranked #61 out of 63 brokers in this category by ForexBrokers.com, indicating there might be more competitive options available for cost-conscious traders.
Overall, Moneta Markets offers a more detailed and favorable pricing model, ranking #16 out of 63 brokers for commissions and fees. Their diverse account options cater to different trading preferences, while iFOREX falls behind in terms of competitiveness and transparency. Whether prioritizing low spreads or commission-free trading, Moneta Markets provides clear options that better accommodate a variety of trading needs.
| Feature |
Moneta Markets
|
iFOREX
|
|---|---|---|
| Minimum Deposit | $50 | $100 |
| 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 | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Both Moneta Markets and iFOREX provide online trading platforms with opportunities for forex trading through CFDs or spot contracts. Moneta Markets boasts 1,016 tradeable symbols, surpassing iFOREX's 750 symbols. This broader range includes 45 forex pairs, which is less than iFOREX's offering of 88 forex pairs. However, neither platform offers the option to purchase exchange-traded securities on U.S. or international exchanges, which means clients won't be able to directly invest in individual stocks such as Apple or Vodafone through these brokers.
For those interested in copy trading, Moneta Markets provides this feature, whereas iFOREX does not. Moreover, while neither broker supports the purchase of actual cryptocurrencies, both facilitate the trading of cryptocurrency derivatives. In terms of ratings, Moneta Markets receives a slightly better score of four stars for its range of investments as compared to iFOREX's 3.5 stars. Ranking-wise, Moneta Markets stands at position #35 out of 63 brokers in ForexBrokers.com's Range of Investments category, ahead of iFOREX, which is ranked at #41.
| Feature |
Moneta Markets
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 750 |
| Forex Pairs (Total) | 45 | 88 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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 comparing the trading platforms and tools of Moneta Markets and iFOREX, several key differences emerge. Moneta Markets provides a range of platforms, including a Windows-based desktop download platform and web-based options. It also supports popular platforms like MetaTrader 4 and MetaTrader 5, offering traders flexibility and advanced tools such as copy trading and DupliTrade. For those new to trading or looking to test strategies, Moneta Markets offers a free virtual demo account to simulate trading without financial risk. Moneta Markets stands out as it allows direct trading from stock charts, and provides an impressive selection of 78 drawing tools for chart analysis.
iFOREX, on the other hand, has developed its proprietary web-based platform, focusing on simplicity and user-friendly design. Although it doesn't offer a virtual demo account or support for popular platforms like MetaTrader, iFOREX still facilitates direct trades from charts and offers a decent range of 25 drawing tools. While iFOREX provides more customization with its watch lists through nine columns, compared to Moneta’s four, it does not offer copy trading. Both brokers share a four-star rating for their trading platforms and tools, yet Moneta Markets ranks higher at 33rd place compared to iFOREX's 54th in a 63-broker review by ForexBrokers.com.
| Feature |
Moneta Markets
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | Yes | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 105 | 57 |
| Charting - Drawing Tools (Total) | 78 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 4 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Moneta Markets and iFOREX offer solutions for iPhone and Android users. However, Moneta Markets edges ahead with features like stock and forex price alerts and syncing of watchlists between the mobile app and online account. In contrast, iFOREX lacks these functionalities, providing a less integrated experience for users looking to stay updated on their investments across platforms.
Charting capabilities further distinguish the two, with Moneta Markets offering 30 technical studies and options to draw trendlines, choose different time frames, and auto-save chart drawings. iFOREX does not provide these options, which might limit traders looking for more advanced charting features. Despite these differences, both platforms receive a 4-star rating for their mobile trading apps. Nevertheless, Moneta Markets is ranked higher at #35 compared to iFOREX at #55 according to ForexBrokers.com, suggesting a more comprehensive mobile trading experience overall.
| Feature |
Moneta Markets
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
Moneta Markets and iFOREX both provide daily market commentary, assisting traders in staying informed about market events. However, Moneta Markets has the edge with direct forex news from top-tier sources like Bloomberg and Reuters, while iFOREX does not offer such access. Both platforms offer technical analytics tools from Trading Central, and they include sentiment-based tools, offering traders insights into market positions on various instruments. While neither broker utilizes Autochartist or Acuity Trading tools nor provides market research from TipRanks, they both offer a comprehensive economic calendar to keep traders updated on global economic events.
When compared for their market research capabilities, Moneta Markets scores slightly higher with a 4-star rating, whereas iFOREX holds a 3.5-star rating. Among 63 brokers evaluated by ForexBrokers.com, Moneta Markets is ranked at #32, demonstrating a stronger research offering compared to iFOREX's ranking at #48. Moneta Markets' combination of top-tier news access and a robust set of tools makes it a more attractive choice for traders seeking comprehensive market insights.
| Feature |
Moneta Markets
|
iFOREX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | 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.
Moneta Markets and iFOREX both cater to traders seeking educational resources, but they differ in what they offer for beginners. Moneta Markets stands out with over ten educational materials focused on forex and CFDs, including articles, videos, and archived webinars. Although it doesn't host monthly live webinars, it offers a searchable archive of recorded sessions, providing flexibility for those who prefer learning at their own pace. Moneta Markets also excels in supporting beginners with over ten instructional videos that cover fundamental trading concepts, along with advanced videos for experienced traders. Additionally, it offers an investor dictionary with definitions for over 50 investing terms, enhancing understanding for new investors. With these offerings, Moneta Markets garners a solid education rating of four stars and ranks 33rd out of 63 brokers in the education category.
On the other hand, iFOREX provides beginner traders with more than ten educational videos, allowing them to grasp trading essentials. However, it falls short compared to Moneta Markets in several areas. iFOREX lacks a collection of at least ten educational pieces on forex and CFDs, has no webinars archived for later viewing, and doesn't provide a dictionary with comprehensive investing terms. While iFOREX has a rating of 3.5 stars for education, its rank drops to 53rd among 63 brokers in this category. This indicates that while iFOREX offers some foundational training materials, Moneta Markets presents a more comprehensive suite of resources for those starting on their trading journey.
| Feature |
Moneta Markets
|
iFOREX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
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 iFOREX. Moneta Markets finished with an overall rank of #35, while iFOREX finished with an overall rank of #52.
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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iFOREX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 75 |
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Both Moneta Markets and iFOREX do not offer the ability to buy actual (delivered) cryptocurrencies, but they both provide options to trade cryptocurrency derivatives.
When comparing online brokers Moneta Markets and iFOREX, it is notable that neither offers ACH or SEPA transfers for deposits or withdrawals, however, iFOREX provides more flexible payment options by accepting PayPal and Skrill, unlike Moneta Markets, while both brokers support Visa, Mastercard, and bank wire 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 | iFOREX | |
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| Trust Score | 71 | 75 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
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| Regulation | Moneta Markets | iFOREX | |
|---|---|---|---|
| Trust Score | 71 | 75 | |
| Year Founded | 2009 | 1996 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Moneta Markets | iFOREX | |
|---|---|---|---|
| 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 | Yes | |
| 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 | iFOREX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Moneta Markets | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1016 | 750 | |
| Forex Pairs (Total) | 45 | 88 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $50 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Moneta Markets | iFOREX | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Moneta Markets | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 4 | 9 | |
| Charting - Indicators / Studies (Total) | 105 | 57 | |
| Charting - Drawing Tools (Total) | 78 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Moneta Markets | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | Moneta Markets | iFOREX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Moneta Markets | iFOREX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Moneta Markets | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
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| Trust Score | 71 | 75 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
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