Written by ForexBrokers.com
In this head to head comparison of Interactive Brokers 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.
Founded in 1977, Interactive Brokers is a well-established online broker known for its high trustworthiness in the financial industry. It holds an impressive ForexBrokers.com Trust Score of 99 out of 99, highlighting its reputation for reliability. As a publicly traded company, Interactive Brokers has 9 Tier-1 licenses, which are highly regarded by ForexBrokers.com, and 2 Tier-2 licenses, affirming its commitment to adhering to stringent regulatory standards. Although not a bank, its robust regulatory framework makes it a highly trusted choice for investors.
In contrast, Moneta Markets, founded in 2009, is a newer entrant in the online brokerage space. While it is not publicly traded, it holds a ForexBrokers.com Trust Score of 71, indicating an average risk level. Moneta Markets possesses 1 Tier-2 license, which suggests some level of trustworthiness, although it does not hold any Tier-1 licenses. Like Interactive Brokers, Moneta Markets is not a bank, but its regulatory credentials are comparatively limited, which potential investors should consider when making their choice.
| Feature |
Interactive Brokers
|
Moneta Markets
|
|---|---|---|
| Year Founded | 1977 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 9 | 0 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Interactive Brokers stands out with its competitive commission structure, earning a top rating of 5 stars and ranking 2nd out of 63 brokers by ForexBrokers.com for commissions and fees. While average forex spreads aren't publicly listed, the EUR/USD spread during Q3 2024 was found to be around 0.59 pips all-in, including a commission. Commissions for forex begin at 0.2 basis points of the U.S. dollar trade value, with a minimum of $2 per order. For high-volume traders, discounts are available, lowering costs significantly when trading over $1 billion per month. Interactive Brokers consolidates pricing from 17 prominent interbank forex dealers, allowing for competitive execution on large orders via RFQ.
Moneta Markets offers three account types with varying fees, earning a commendable 4.5-star rating and holding the 16th spot in rankings by ForexBrokers.com. Their commission-free Direct STP account features higher spread costs, with an average of 1.38 pips for the EUR/USD pair as of August 2023. Moneta's Prime ECN account provides tighter pricing with an average spread of 0.194 pips and a $6 round-trip commission. For larger deposits of $20,000 or more, the Ultra ECN account further reduces costs by offering a $2 round-trip commission, albeit requiring higher capital.
In summary, Interactive Brokers provides a more favorable structure for high-volume and large-cap traders, while Moneta Markets offers a broader selection of accounts tailored to different trading preferences. With less competitive pricing overall, Moneta trails Interactive Brokers in overall cost-effectiveness, especially for traders with significant monthly volumes.
| Feature |
Interactive Brokers
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | 0.59 | 1.38 |
| All-in Cost EUR/USD - Active | 0.59 | 0.79 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Interactive Brokers and Moneta Markets each offer various investment options for traders, but with notable differences. Interactive Brokers demonstrates an extensive range, providing access to 8,500 tradeable symbols, including 90 forex pairs, exchange-traded securities on U.S. and international exchanges, and both actual and derivative cryptocurrency options. This extensive offering earns Interactive Brokers a top rating of five stars for its range of investments, and it ranks as the number one broker in this category according to ForexBrokers.com.
Moneta Markets, while more limited in scope, caters to clients seeking a simpler selection. It offers 1,016 tradeable symbols, including 45 forex pairs and cryptocurrency derivatives. While clients cannot buy exchange-traded securities directly from U.S. or international exchanges, they do have access to copy trading, a feature not available with Interactive Brokers. These factors contribute to Moneta Markets' respectable four-star rating for its investment range, although it ranks 35th among 63 brokers in this category per ForexBrokers.com.
| Feature |
Interactive Brokers
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8500 | 1016 |
| Forex Pairs (Total) | 90 | 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 Interactive Brokers and Moneta Markets, both offer trading platforms that cater to different needs. Interactive Brokers excels with its proprietary platform, providing users with a rich experience on both Windows-based desktop and web-based browsers. It supports simulated trading with a free virtual demo account, making it ideal for beginners looking to practice. A significant advantage of Interactive Brokers is its extensive range of 659 columns for watch lists and 85 drawing tools for charting, which cater to traders who require in-depth analysis. While it doesn't support popular platforms like MetaTrader 4 or 5, it compensates with its own advanced tools and is rated 5 stars for its capabilities in trading platforms and tools.
Moneta Markets stands out for traders interested in social and automated trading strategies. Unlike Interactive Brokers, it supports copy trading and popular platforms like MetaTrader 4 and 5, along with DupliTrade. Moneta Markets offers a demo account and has both desktop and web-based platforms available. However, its watch list functionality is more limited, with only 4 columns available, and it offers 78 drawing tools. Despite these limitations, Moneta Markets has a substantial following for its ease of use and social trading opportunities, earning a respectable 4-star rating. Overall, while Interactive Brokers is ranked higher at #3 compared to Moneta Markets at #33, both cater to different trading preferences and priorities.
| Feature |
Interactive Brokers
|
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) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | Yes |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 155 | 105 |
| Charting - Drawing Tools (Total) | 85 | 78 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 659 | 4 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Interactive Brokers and Moneta Markets, both platforms offer solid options for iPhone and Android users, complete with stock and forex price alerts. They both excel in allowing traders to sync watchlist symbols between the mobile app and their online accounts, ensuring a seamless transition between devices. The ability to view different time frames on charts is present in both apps, catering to diverse trading strategies. However, there's a notable distinction in technical analysis offerings: Interactive Brokers provides access to 97 technical studies, considerably more than Moneta Markets' 30, giving traders a wider variety of tools at their fingertips. Both apps let users draw trendlines on charts, but Moneta Markets has an advantage with auto-saving drawings, a feature not available in Interactive Brokers' app.
Interactive Brokers stands out with its high user rating, boasting 5 stars for its mobile trading app, compared to Moneta Markets' 4 stars. This rating aligns with its impressive #4 ranking among 63 brokers on ForexBrokers.com, reflecting broad user satisfaction. In contrast, Moneta Markets holds the #35 spot, indicating room for improvement. Both platforms support the creation of watchlists with real-time quotes, a vital feature for active traders. While both apps are designed to meet the demands of mobile trading, Interactive Brokers may appeal more to users seeking advanced charting options and a highly-rated user experience.
| Feature |
Interactive Brokers
|
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 | 97 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
For those seeking reliable market commentary and news, both Interactive Brokers and Moneta Markets deliver daily insights, along with forex updates from top sources like Bloomberg and Reuters. Each platform integrates Trading Central's technical analytics and sentiment tools that help traders understand market positions. Although neither broker features Autochartist tools, they ensure comprehensive market coverage.
Interactive Brokers excels with additional features such as exclusive access to TipRanks and Acuity Trading tools, securing a top-tier 5-star rating and ranking 3rd out of 63 brokers in research capabilities. Conversely, Moneta Markets stands solid with a 4-star research rating and a ranking of 32nd, offering a detailed economic calendar that complements the essentials for market analysis. These distinctions highlight Interactive Brokers as a more resource-rich option for traders seeking depth in market research.
| Feature |
Interactive Brokers
|
Moneta Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | 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 resources for beginner traders, both Interactive Brokers and Moneta Markets provide a wealth of materials focused on forex and CFDs, including a collection of over 10 articles, videos, and archived webinars. However, Interactive Brokers sets itself apart by offering monthly live webinars, something Moneta Markets does not provide. Both brokers maintain a searchable archive of past webinars, allowing traders to replay and learn at their convenience.
In terms of video content, each broker caters to both beginners and advanced traders with over 10 educational videos tailored to different skill levels. They also equip users with a comprehensive glossary of financial terms, each featuring definitions for over 50 investing terms. Despite these similarities, Interactive Brokers enjoys a higher education rating of 5 stars compared to Moneta Markets’ 4 stars, reflecting its stronger emphasis on educational support. This difference is further highlighted by their rankings, with Interactive Brokers holding the #3 spot among 63 brokers, while Moneta Markets ranks at #33.
| Feature |
Interactive Brokers
|
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 Interactive Brokers is better than Moneta Markets. Interactive Brokers finished with an overall rank of #2, while Moneta Markets finished with an overall rank of #35.
Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets. It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite.
| Feature |
Interactive Brokers
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Moneta Markets
|
|---|---|---|
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| Trust Score | 99 | 71 |
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Interactive Brokers allows users to purchase actual cryptocurrency and also offers cryptocurrency derivatives, whereas Moneta Markets only provides access to cryptocurrency derivatives without the option to buy the actual digital assets.
Interactive Brokers provides ACH or SEPA transfers and bank wires for fund transactions, while Moneta Markets offers the convenience of Visa or Mastercard, but neither supports PayPal or Skrill.
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 | Interactive Brokers | Moneta Markets | |
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| Trust Score | 99 | 71 | |
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| Review | Interactive Brokers Review | Moneta Markets Review |
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| Regulation | Interactive Brokers | Moneta Markets | |
|---|---|---|---|
| Trust Score | 99 | 71 | |
| Year Founded | 1977 | 2009 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 9 | 0 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Interactive Brokers | Moneta Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | Yes | 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) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Interactive Brokers | Moneta Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | Yes | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Interactive Brokers | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8500 | 1016 | |
| Forex Pairs (Total) | 90 | 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 | Interactive Brokers | Moneta Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.59 | 1.38 | |
| All-in Cost EUR/USD - Active | 0.59 | 0.79 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | No | Yes |
| Funding | Interactive Brokers | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Interactive Brokers | Moneta Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | Yes | |
| ZuluTrade | No | No |
| Trading Tools | Interactive Brokers | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 659 | 4 | |
| Charting - Indicators / Studies (Total) | 155 | 105 | |
| Charting - Drawing Tools (Total) | 85 | 78 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Interactive Brokers | 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 | 97 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Interactive Brokers | Moneta Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Interactive Brokers | 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 | Interactive Brokers | 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 | Interactive Brokers Review | Moneta Markets Review |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | Interactive Brokers Review | Moneta Markets Review |
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