Written by ForexBrokers.com
In this head to head comparison of IG 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.
IG and Moneta Markets are popular online brokers, each with unique offerings. Established in 1974, IG holds the advantage of being publicly traded and operates as a bank, underpinning its strong market presence. Conversely, Moneta Markets, founded in 2009, remains privately held and is not a bank. This distinction is critical for investors seeking stability and reliability in their broker choices.
Regarding regulatory standing, IG holds 8 Tier-1 licenses and 2 Tier-2 licenses, lending to an impeccable Trust Score of 99, marking it as highly trusted. On the other hand, Moneta Markets possesses 1 Tier-2 license and lacks Tier-1 licenses, resulting in a Trust Score of 71, indicating an average risk. These ratings reflect IG's solid reputation in offering secure trading environments compared to Moneta Markets' more modest trust positioning.
| Feature |
IG
|
Moneta Markets
|
|---|---|---|
| Year Founded | 1974 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 8 | 0 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When it comes to commissions and fees, IG stands out by offering multiple execution methods and competitive pricing for active traders. Known for its Forex Direct accounts, IG ensures scalable execution, making it suitable for large order trades. In July 2023, spreads on its main Forex Direct account averaged 0.62 pips, with an all-in cost of 0.82 pips after accounting for commissions. IG's CFD account offers average spreads slightly better than the industry norm, recorded at 0.69 pips during the main trading session in July 2023. It also features a three-tier active-trader rebate program for professionals, offering spread rebates up to 20% for high volume traders. With a five-star rating and ranked #8 by ForexBrokers.com, IG is an excellent choice for traders focused on competitive fees and large-volume orders.
Moneta Markets provides a range of account options, including the commission-free Direct STP and the commission-based Moneta Prime ECN and Ultra ECN accounts. The Direct STP account has higher spreads, boasting an average of 1.38 pips for the EUR/USD pair in August 2023. On the other hand, the Prime ECN account offers more competitive spreads at 0.194 pips and a commission of $3 per side, resulting in an all-in cost of approximately 0.79 pips, which is below the industry average. For those willing to deposit $20,000 or more, the Ultra ECN account features even tighter spreads with a $2 round-trip commission. Moneta Markets, rated 4.5 stars and ranked #16 by ForexBrokers.com, is a viable option, though there are brokers with lower fees.
In comparing these two brokers, IG takes a slight edge due to its versatile execution methods and attractive rebates for active traders. However, Moneta Markets offers competitive pricing through its ECN accounts, making it suitable for traders seeking cost-effective options. Choosing between them will largely depend on your trading volume and deposit capabilities, as well as the importance you place on spread and commission costs in your trading strategy.
| Feature |
IG
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | £250.00 | $50 |
| Average Spread EUR/USD - Standard | 0.98 | 1.38 |
| All-in Cost EUR/USD - Active | 0.82 | 0.79 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | 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 the range of available investments between IG and Moneta Markets, IG clearly stands out with a significantly larger selection. IG offers a staggering 19,537 tradeable symbols, dwarfing Moneta Markets’ 1,016 options. Both brokers support forex trading as CFDs or spot contracts, but IG offers a wider selection of forex pairs with 97 available, compared to Moneta Markets’ 45. Additionally, IG provides access to exchange-traded securities on both U.S. and international exchanges, allowing clients to invest directly in companies like Apple and Vodafone, an offering that Moneta Markets lacks.
IG also permits clients to purchase actual cryptocurrencies in addition to cryptocurrency derivatives, whereas Moneta Markets only offers derivatives. On the other hand, Moneta Markets does support copy trading, which IG does not. Reflecting its extensive range, IG is rated 5 stars for Range of Investments, ranking 4th out of 63 brokers, while Moneta Markets earns a 4-star rating, ranking 35th in the same category. Ultimately, for investors seeking a broader spectrum of investment opportunities, IG is a more encompassing choice.
| Feature |
IG
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 19537 | 1016 |
| Forex Pairs (Total) | 97 | 45 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | Yes | 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 between IG and Moneta Markets, both brokers appeal to traders in different ways. IG stands out with its in-house developed platform, offering users a seamless experience across a Windows-based desktop download platform and a web-based trading platform. It also supports MetaTrader 4 (MT4), allowing traders familiar with this popular interface to feel at home. IG provides a valuable feature in its free virtual demo account, letting users practice without financial risk. However, it lacks support for MetaTrader 5 (MT5) and doesn't include copy trading features. On the other hand, Moneta Markets does not have a proprietary platform but caters to a diverse range of traders with both a Windows-based desktop platform and a web-based platform. It impressively supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), and offers copy trading through platforms like DupliTrade.
IG and Moneta Markets both allow traders to operate directly from stock charts, but when it comes to charting tools, they offer different experiences. IG provides 20 drawing tools, which is fewer compared to Moneta Markets' impressive 78 drawing tools. Despite these differences, IG's platforms receive high praise, earning a 5-star rating for Trading Platforms and Tools and ranking 2nd out of 63 brokers according to ForexBrokers.com. Meanwhile, Moneta Markets receives a commendable 4-star rating, ranking 33rd in the same category. This comparison highlights that while IG excels in user experience with its proprietary offerings, Moneta Markets provides versatility with its range of supported trading platforms. Both brokers offer a free virtual demo account, which is a great resource for practice trading in a risk-free environment.
| Feature |
IG
|
Moneta Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | Yes |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 33 | 105 |
| Charting - Drawing Tools (Total) | 20 | 78 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 5 | 4 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of online brokers IG and Moneta Markets, both offer convenient iPhone and Android apps, alongside essential features like stock or forex price alerts, and the ability to sync watchlists between the mobile app and the online account. Both allow traders to employ up to 33 and 30 technical studies respectively for charting and include vital functionalities such as drawing trendlines and accessing various time frames, whether daily or weekly. Another advantage of these apps is the autosave feature for chart drawings and the creation of personalized watchlists with real-time updates.
However, when it comes to overall user experience and recognition, IG has the upper hand. Rated with a stellar 5 stars for its mobile trading capabilities, it ranks at the top position out of 63 brokers as per ForexBrokers.com. In comparison, Moneta Markets garners a respectable but slightly lower rating of 4 stars and is ranked at the 35th position. Despite minor differences in charting tools, the comprehensive features and superior user reviews make IG the preferred choice for traders who prioritize mobile trading efficiency.
| Feature |
IG
|
Moneta Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 33 | 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.
IG and Moneta Markets both excel in providing daily market commentary and forex news sourced from top-tier resources like Bloomberg, Reuters, and Dow Jones. However, IG has a broader array of research tools, including those from Autochartist and TipRanks, while Moneta Markets shines with its use of Trading Central for technical analytics. Both platforms offer sentiment-based trading tools to track long and short positions, complimented by economic calendars that display current and upcoming global news events. In terms of rankings, IG secures a 5-star research rating and ranks 2nd out of 63 brokers as assessed by ForexBrokers.com, showcasing its comprehensive research offerings.
On the other hand, Moneta Markets, although robust with its daily commentaries and technical tools from Trading Central, misses out on the broad spectrum of research tools offered by IG. This difference is reflected in its 4-star research rating and a position at 32nd place out of 63 brokers in the same category. While both brokers deliver fundamental trading insights, IG offers a slightly more extensive suite of research capabilities, making it a strong choice for those seeking in-depth analysis and data-driven trading decisions.
| Feature |
IG
|
Moneta Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational offerings for beginners, IG and Moneta Markets both provide valuable resources for those looking to delve into the world of forex and CFDs. Both platforms supply a minimum of ten educational pieces, ensuring newcomers have access to articles, videos, and archived webinars. Moreover, they offer extensive educational video content catering to both beginners and advanced traders alike, providing over ten videos per category. This makes both brokers viable options for comprehensive learning experiences.
However, there are some differences that might make IG more appealing for beginners seeking ongoing educational support. IG conducts regular online webinars for its clients, hosting at least one session each month, something Moneta Markets does not offer. Additionally, IG's educational prowess is further highlighted by its top ranking by ForexBrokers.com, claiming the #1 spot out of 63 brokers for education, coupled with a perfect five-star rating. In contrast, Moneta Markets ranks #33 with a four-star rating. Both brokers provide searchable archives of past webinars and an investor dictionary with over 50 investing terms, but IG's dedication to continuous learning resources positions it as the frontrunner in the educational sphere.
| Feature |
IG
|
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 IG is better than Moneta Markets. IG finished with an overall rank of #1, while Moneta Markets finished with an overall rank of #35.
IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets.
| Feature |
IG
|
Moneta Markets
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 99 | 71 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
In comparing IG and Moneta Markets, IG provides the capability to purchase actual (delivered) cryptocurrency alongside cryptocurrency derivatives, whereas Moneta Markets exclusively offers trading in cryptocurrency derivatives without the option to buy delivered cryptocurrency.
IG outshines Moneta Markets in terms of fund transfers by supporting ACH, SEPA, and PayPal options, whereas Moneta Markets does not, although both brokers offer Visa, Mastercard, and bank wire transfers, with neither supporting Skrill for deposits or withdrawals.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | IG | Moneta Markets | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | IG Review | Moneta Markets Review |
| Broker Screenshots | IG | Moneta Markets | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| Regulation | IG | Moneta Markets | |
|---|---|---|---|
| Trust Score | 99 | 71 | |
| Year Founded | 1974 | 2009 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 8 | 0 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | IG | Moneta Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | IG | Moneta Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | IG | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 19537 | 1016 | |
| Forex Pairs (Total) | 97 | 45 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | Yes | 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 | IG | Moneta Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.98 | 1.38 | |
| All-in Cost EUR/USD - Active | 0.82 | 0.79 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | IG | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | £250.00 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | IG | Moneta Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | Yes | |
| ZuluTrade | No | No |
| Trading Tools | IG | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 5 | 4 | |
| Charting - Indicators / Studies (Total) | 33 | 105 | |
| Charting - Drawing Tools (Total) | 20 | 78 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IG | Moneta 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 | 33 | 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 | IG | Moneta Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | IG | 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 | IG | 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 | IG Review | Moneta Markets Review |
| Overall | IG | Moneta Markets | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | IG Review | Moneta Markets Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill