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.
Interactive Brokers, established in 1977, is a seasoned player in the online brokerage market and is publicly traded on a stock exchange. While not a bank, Interactive Brokers stands out with its solid regulatory framework, holding an impressive 9 Tier-1 licenses and 2 Tier-2 licenses, making it a highly trusted broker with a top Trust Score of 99 out of 99 according to ForexBrokers.com. This rating ensures clients feel secure in the broker's ability to manage their investments responsibly.
Founded in 2009, Moneta Markets is a relatively newer entrant in the industry and is not publicly traded. Like Interactive Brokers, Moneta Markets is not a bank, and it has a more modest regulatory setup with 1 Tier-1 license and 1 Tier-2 license. Given these regulatory credentials, Moneta Markets has a Trust Score of 79, placing it in the average risk category according to ForexBrokers.com. This suggests that while Moneta Markets is generally trustworthy, it doesn't reach the same high trust levels as Interactive Brokers.
| Feature |
Interactive Brokers
|
Moneta Markets
|
|---|---|---|
| Year Founded | 1977 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 9 | 1 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Interactive Brokers earns 5 stars and ranks #2 of 63 for commissions and fees, while Moneta Markets earns 4.5 stars and ranks #17. Both cater to cost-conscious forex traders, but Interactive Brokers generally delivers lower effective costs on EUR/USD, whereas Moneta Markets offers a simpler choice of account types with varying spreads and commissions.
Interactive Brokers uses agency execution and aggregates prices from 17 major banks, charging a commission instead of marking up spreads. In Q3 2024, its average EUR/USD spread was 0.19 pips, with an effective all-in cost of about 0.59 pips after commission. Commissions start at 0.00002 of the USD trade value per side, with a $2 minimum per order ($4 round trip), equivalent to roughly $16–$40 per million round turn. Note that the $2 minimum makes trades smaller than 100,000 units proportionally pricier. High-volume traders can unlock discounts (minimums can fall to $1.50 and even $1 per order at very large monthly volumes), and large orders can be handled via RFQ. IBKR Lite and IBKR Pro support forex but are not commission-free.
Moneta Markets’ fees depend on the account: the commission-free Direct STP account averaged 1.38 pips on EUR/USD (Aug 2023); the Prime ECN account averaged 0.194 pips plus a $3-per-side commission per 100,000 units ($6 round trip), for an all-in cost near 0.79 pips; and the Ultra ECN account cuts commission to $2 round trip ($1 per side) but requires a $20,000 deposit. While competitive, Moneta’s pricing generally trails top-tier peers on headline costs, especially when compared with Interactive Brokers’ lower all-in EUR/USD pricing and volume-based discounts.
| Feature |
Interactive Brokers
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | 0.59 | 1.38 |
| All-in Cost EUR/USD - Active | 0.65 | 0.79 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Interactive Brokers and Moneta Markets both support forex trading as CFDs or spot, but their lineups differ. Interactive Brokers offers 8,500 tradeable symbols and 90 forex pairs, plus access to exchange-traded securities on U.S. and international exchanges—so you can buy shares like Apple on Nasdaq or Vodafone in London. Moneta Markets lists 1,016 symbols and 45 forex pairs, and it does not offer exchange-traded stocks on U.S. or overseas exchanges. For crypto, Interactive Brokers lets you buy actual coins as well as crypto derivatives, while Moneta Markets provides crypto derivatives only. If you want copy trading, Moneta Markets has it; Interactive Brokers does not.
According to ForexBrokers.com, Interactive Brokers earns 5 stars for Range of Investments and ranks #1 out of 63 brokers, while Moneta Markets earns 4 stars and ranks #36. In short, choose Interactive Brokers for the widest selection spanning stocks, forex, and real crypto; pick Moneta Markets if you prefer copy trading and a CFD-focused lineup.
| 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 (Underlying) | 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.
Interactive Brokers and Moneta Markets both make it easy to test strategies with free paper trading accounts. Each offers a Windows desktop download and a web-based trading platform, and both let you place orders directly from charts. A key difference is platform ownership: Interactive Brokers provides its own in-house platform, while Moneta Markets relies on third-party options.
If you want copy trading or MetaTrader, Moneta Markets supports copy trading and offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5); Interactive Brokers does not. For trading platforms and tools, ForexBrokers.com rates Interactive Brokers at 5 stars and ranks it #3 out of 63 brokers, compared with Moneta Markets at 4 stars and #34. In short, Interactive Brokers suits traders seeking an in-house platform and top-tier tools, while Moneta Markets is appealing if you prefer MT4/MT5 and built-in copy trading.
| Feature |
Interactive Brokers
|
Moneta Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading 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 |
| Charting - Indicators / Studies (Total) | 155 | 105 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Interactive Brokers and Moneta Markets both offer mobile trading apps for iPhone and Android. Each app includes price alerts and watchlists that sync with your online account, with real-time quotes. Both let you draw trendlines on charts. For charting tools, Interactive Brokers provides 97 technical studies, while Moneta Markets offers 30. Another key difference: Moneta Markets auto-saves your chart drawings; Interactive Brokers does not.
Independent ratings from ForexBrokers.com favor Interactive Brokers for mobile: 5 out of 5 stars and ranked 4th out of 63 brokers. Moneta Markets earns 4 out of 5 stars and ranks 36th. If you want more chart study choices, Interactive Brokers stands out. If automatic saving of drawings matters and you prefer a simpler setup, Moneta Markets can be a good fit.
| Feature |
Interactive Brokers
|
Moneta Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 97 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Comparing Interactive Brokers vs Moneta Markets for market research, both brokers check the core boxes: they publish daily market commentary, stream forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, include Trading Central tools for technical insights, provide a sentiment gauge showing long vs. short positioning, and offer an economic calendar to track key events.
The biggest differences come from extra research partnerships. Interactive Brokers adds TipRanks and Acuity Trading (Signal Centre), widening the mix of ideas and analytics, while Moneta Markets does not include these providers. That edge shows up in ratings: Interactive Brokers earns 5 out of 5 stars and ranks #3 of 63 brokers for Research at ForexBrokers.com, whereas Moneta Markets scores 4 out of 5 stars and ranks #33. If you want the broadest set of research tools, Interactive Brokers has the advantage; if you just need the essentials, Moneta Markets still performs well.
| 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 |
| Client sentiment data | Yes | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Interactive Brokers vs. Moneta Markets: for beginners, both brokers offer plenty of video lessons, including at least 10 beginner videos and at least 10 advanced videos. Interactive Brokers also runs live educational webinars at least once a month, while Moneta Markets does not host monthly client webinars. Details about dedicated forex/CFD course counts, searchable archives of past webinars, and investor dictionaries were not specified.
For overall quality, Interactive Brokers is rated 5 out of 5 stars for Education and is ranked #3 out of 63 brokers by ForexBrokers.com, making it a strong pick if you want frequent live sessions plus deep video content. Moneta Markets earns 4 out of 5 stars and ranks #33 out of 63, still offering a solid video library for beginners but without recurring webinars.
| Feature |
Interactive Brokers
|
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 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 | 79 |
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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 vs Moneta Markets: Interactive Brokers offers ACH/SEPA transfers and, like Moneta Markets, supports bank wire deposits and withdrawals; neither broker supports PayPal or Skrill, and Visa/Mastercard availability is not specified.
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 | 79 | |
| Winner | check_circle | ||
| Review | Interactive Brokers Review | Moneta Markets Review |
| Broker Screenshots | Interactive Brokers | Moneta Markets | |
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| Regulation | Interactive Brokers | Moneta Markets | |
|---|---|---|---|
| Trust Score | 99 | 79 | |
| 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 | 1 | |
| 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 | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| 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) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | Yes | No | |
| Jordan (JSC Authorised) |
| 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 (Underlying) | 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 | 0.65 | 0.79 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | No | Yes |
| Funding | Interactive Brokers | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | Interactive Brokers | Moneta Markets | |
|---|---|---|---|
| Proprietary Desktop Trading 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 |
| Trading Tools | Interactive Brokers | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 155 | 105 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 97 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - 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 | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Interactive Brokers | Moneta Markets | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Interactive Brokers | 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 | Interactive Brokers Review | Moneta Markets Review |
| Overall | Interactive Brokers | Moneta Markets | |
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| Trust Score | 99 | 79 | |
| Winner | check_circle | ||
| Review | Interactive Brokers Review | Moneta Markets Review |
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