Written by ForexBrokers.com
In this head to head comparison of Moneta Markets vs IronFX, 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 comparing the online brokers Moneta Markets and IronFX, it's important to consider their founding history, public trading status, and their trust scores based on regulatory information. Moneta Markets was founded in 2009 and holds one Tier-1 and one Tier-2 license, giving it a ForexBrokers.com Trust Score of 79. IronFX, founded in 2010, boasts more regulatory accreditation with three Tier-1 licenses and does not hold any Tier-2 licenses, resulting in a slightly higher ForexBrokers.com Trust Score of 83. Neither broker is publicly traded or operates as a bank, which is relevant for investors seeking certain levels of transparency and stability.
When it comes to safety and reliability, the number of licenses and the Trust Score offer a snapshot of protection levels for investors. While Moneta Markets is considered to have an average risk Trust Score, IronFX edges out as more trusted according to the ForexBrokers.com’s framework. This regulatory trust factor makes IronFX a more appealing choice for cautious traders prioritizing regulatory rigor. However, both platforms have their distinguishing features and may serve different trading needs depending on user priorities and risk tolerance.
| Feature |
Moneta Markets
|
IronFX
|
|---|---|---|
| Year Founded | 2009 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 3 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
Moneta Markets offers three account options that influence its trading costs: the commission-free Direct STP account and the commission-based Moneta Prime ECN and Ultra ECN accounts. The Direct STP account comes with no commission but features a higher spread, averaging 1.38 pips for the EUR/USD pair. For those opting for the commission-based accounts, the Prime ECN account provides an average spread of 0.194 pips and imposes a commission of $6 per round-trip standard lot, bringing the total cost to about 0.79 pips. If traders have a $20,000 deposit, the Ultra ECN account offers an even lower commission of $2 per round-trip with tighter spreads. Despite these options, Moneta Markets’ pricing is not yet among the most competitive. Moneta Markets garners a 4.5-star rating and is ranked #16 out of 63 brokers for commissions and fees by ForexBrokers.com.
In comparison, IronFX presents room for enhancement regarding trading costs, as its spreads are generally above the industry average. Their Standard account lists a typical spread of 1.8 pips. The zero fixed-spread account starts at zero but includes a hefty $18 per lot commission, and overnight spreads can increase to 3 pips. IronFX earns a 4-star rating and holds the #46 position out of 63 brokers in the commissions and fees category according to ForexBrokers.com.
Overall, Moneta Markets appears to offer more favorable conditions when considering lower spreads and competitive commissions, especially in the Ultra ECN account, evaluated against IronFX's generally higher spreads and more substantial commissions. The higher ranking and rating of Moneta Markets demonstrate a stronger cost-competitiveness, providing traders a better value in terms of trading fees.
| Feature |
Moneta Markets
|
IronFX
|
|---|---|---|
| Minimum Deposit | $50 | $50 |
| Average Spread EUR/USD - Standard | 1.38 | 1.2 |
| All-in Cost EUR/USD - Active | 0.79 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Moneta Markets and IronFX for their range of investment options, both platforms offer forex trading with CFDs, making them accessible for traders looking to engage in the forex market. Moneta Markets provides a broader selection with 1,016 tradeable symbols, including 45 forex pairs, while IronFX offers 340 tradeable symbols and a wider array of forex pairs, totaling 83. Both platforms also support copy trading and offer cryptocurrency derivatives, although they do not facilitate direct purchases of cryptocurrencies or exchange-traded securities from U.S. or international markets.
When it comes to ratings, Moneta Markets scores 4 out of 5 stars for its range of investments, ranking 35th out of 63 brokers according to ForexBrokers.com. In comparison, IronFX receives a slightly lower rating of 3.5 stars and is ranked 51st in the same category. While both brokers offer similar functionalities, those seeking a higher number of tradeable symbols might prefer Moneta Markets, whereas traders interested in a diverse range of forex pairs may find IronFX more appealing.
| Feature |
Moneta Markets
|
IronFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 340 |
| Forex Pairs (Total) | 45 | 83 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| 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). | 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 IronFX, both brokers offer a wide range of features for their clients. Both brokers provide simulated trading or demo accounts, making it easy for beginners to practice before investing real money. In terms of platform availability, neither offers a proprietary platform, but both support the widely-used MetaTrader 4 (MT4). Moneta Markets also offers MetaTrader 5 (MT5), giving traders more choices in terms of advanced features, whereas IronFX does not. For traders who prefer browser-based trading, both platforms have web-based options. Desktop traders can also utilize their respective Windows-based desktop download platforms. Additionally, both brokers support copy trading, with Moneta Markets offering the added advantage of DupliTrade, unlike IronFX. However, neither broker offers ZuluTrade.
Moneta Markets stands out in terms of charting tools, offering 78 drawing tools while IronFX offers only 15. When it comes to trading directly from stock charts, both allow this useful feature. Regarding watch lists, IronFX provides more customizability with seven columns compared to four with Moneta Markets. Customer ratings highlight Moneta Markets as slightly superior, with a four-star rating for Trading Platforms and Tools compared to IronFX's 3.5 stars. According to ForexBrokers.com, Moneta Markets ranks 33rd out of 63 brokers, a significant leap over IronFX's position at 61. Overall, Moneta Markets generally offers a more advanced set of tools for traders looking to leverage diverse functionalities to enhance their trading experience.
| Feature |
Moneta Markets
|
IronFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| 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 comparing the mobile trading apps of Moneta Markets and IronFX, both platforms offer comprehensive solutions for traders with iPhone and Android apps. They each provide essential features like price alerts and the ability to draw trendlines, view multiple time frames, and save chart annotations automatically. Furthermore, Moneta Markets and IronFX allow the creation of watchlists with real-time quotes, thereby keeping traders updated with the latest market movements on the go. However, only Moneta Markets provides watchlist symbol syncing, which means any changes made to watchlists are automatically updated between the app and the online account.
Moneta Markets and IronFX both offer 30 technical studies for their charting features, making technical analysis accessible for users. Despite these similarities, Moneta Markets scores higher in user ratings and industry rankings. It boasts a four-star rating and ranks 35th out of 63 brokers, whereas IronFX has a 3.5-star rating and lands at 62nd in the same category according to ForexBrokers.com. This potentially makes Moneta Markets a more favorable choice for those prioritizing mobile trading convenience and functionality.
| Feature |
Moneta Markets
|
IronFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| 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.
Both Moneta Markets and IronFX excel in providing daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. They each integrate tools from Trading Central such as technical analytics, ensuring traders receive well-rounded support. However, Moneta Markets stands out by offering a sentiment-based trading tool, which helps traders gauge market direction by showing the ratio of long or short positions across currency pairs and other instruments. While IronFX does not provide this feature, it maintains a solid offering with its other research tools.
Both platforms feature economic calendars to track global news events, making it easier for traders to stay informed. Despite Moneta Markets not offering market research from TipRanks or tools from Acuity Trading, both brokers share a commendable research rating of four stars, with IronFX slightly ahead in a ranking of 63 brokers, securing 28th place compared to Moneta Markets' 32nd. Ultimately, both brokers provide substantial research tools, but the choice between them may depend on individual preferences, particularly regarding sentiment analysis tools.
| Feature |
Moneta Markets
|
IronFX
|
|---|---|---|
| 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 | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to offering educational resources for beginners, both Moneta Markets and IronFX provide valuable materials catering to traders interested in forex and CFDs. Each broker offers a variety of educational pieces, including articles, videos, and archived webinars focused on forex and CFDs. Additionally, both platforms maintain searchable archives of previously recorded webinars, ensuring that users can access past materials easily. For beginners, both Moneta Markets and IronFX supply more than ten educational videos to introduce and clarify essential trading concepts.
However, the brokers show differences in their educational offerings for more experienced traders. While Moneta Markets provides over ten advanced educational videos on trading topics, IronFX does not offer such resources specifically targeted at advanced traders. Both brokers have an investor dictionary, featuring definitions of more than 50 investing terms to aid in understanding market jargon. Overall, both Moneta Markets and IronFX achieve a solid 4-star rating for their educational materials, but Moneta Markets is slightly higher ranked at #33, compared to IronFX's #44, according to a review by ForexBrokers.com.
| Feature |
Moneta Markets
|
IronFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| 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 IronFX. Moneta Markets finished with an overall rank of #35, while IronFX finished with an overall rank of #48.
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
|
IronFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 79 | 83 |
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Both Moneta Markets and IronFX do not provide the option to purchase actual, delivered cryptocurrency, but they do offer the ability to trade cryptocurrency derivatives.
When comparing online brokers Moneta Markets and IronFX regarding funding options, neither offers ACH, SEPA, or PayPal for deposits and withdrawals; however, IronFX supports Skrill while both brokers provide the option for Visa, Mastercard, and bank wire transfers.
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 | IronFX | |
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| Trust Score | 79 | 83 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
| Broker Screenshots | Moneta Markets | IronFX | |
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| Regulation | Moneta Markets | IronFX | |
|---|---|---|---|
| Trust Score | 79 | 83 | |
| Year Founded | 2009 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 3 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Moneta Markets | IronFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | 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 | IronFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| 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) |
| Investments | Moneta Markets | IronFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1016 | 340 | |
| Forex Pairs (Total) | 45 | 83 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| 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). | 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 | IronFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.38 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.79 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Moneta Markets | IronFX | |
|---|---|---|---|
| Minimum Deposit | $50 | $50 | |
| PayPal (Deposit/Withdraw) | No | No | |
| 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 | IronFX | |
|---|---|---|---|
| Proprietary Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Moneta Markets | IronFX | |
|---|---|---|---|
| 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 | IronFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| 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 | IronFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Moneta Markets | IronFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Moneta Markets | IronFX | |
|---|---|---|---|
| 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 | IronFX | |
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| Trust Score | 79 | 83 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
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