Written by ForexBrokers.com
In this head to head comparison of OANDA vs Moneta Markets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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When comparing OANDA and Moneta Markets, it's clear there are differences in their trust scores and regulatory standing. OANDA, established in 1996, benefits from a high trust score of 93 according to ForexBrokers.com, largely thanks to its possession of seven Tier-1 licenses. These Tier-1 licenses are an indicator of high trust, providing an extra layer of security for users. On the other hand, Moneta Markets, founded in 2009, holds a trust score of 72 as it has one Tier-1 license and one Tier-2 license. While both brokers are not publicly traded or banks, OANDA's longer history and greater number of high-level licenses set it apart in terms of regulatory trust.
| Feature |
OANDA
|
Moneta Markets
|
|---|---|---|
| Year Founded | 1996 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the online brokers OANDA and Moneta Markets in terms of commissions and fees, OANDA offers a selection of pricing structures but tends to have higher forex trading costs due to its effective spreads. OANDA's main advantage is its automated execution, yet its average non-core pricing, such as the 1.61 pips for the EUR/USD pair in July 2024, is on the higher end. For lower spreads, OANDA’s core pricing involves a commission of $5 per $100,000 traded, resulting in a slight cost advantage when compared to its default pricing. Despite these options, OANDA ranks 34th out of 62 brokers with a commission and fees rating of 4 stars from ForexBrokers.com.
Moneta Markets, on the other hand, offers three different account options including the commission-free Direct STP account and the commission-based Prime ECN and Ultra ECN accounts. The commission-free Direct STP account has an average spread of 1.38 pips on the EUR/USD pair as of August 2023. Meanwhile, the Prime ECN account provides a more competitive all-in cost of around 0.79 pips for the same currency pair, thanks to its combination of spread and commission fees. The Ultra ECN account, which offers an attractive $2 round-trip commission per lot, demands a higher deposit. Moneta Markets is ranked 16th out of 62 brokers and holds a commendable 4.5-star rating for its commissions and fees according to ForexBrokers.com.
Deciding between OANDA and Moneta Markets largely depends on the trader's preference for account types and tolerance for deposit requirements. While OANDA provides flexibility in trade size and transparency in spread reporting, its higher costs could be a disadvantage depending on the trading strategy. Moneta Markets offers a more competitive pricing structure at higher account tiers but necessitates larger initial deposits. Overall, Moneta Markets appears more appealing for those willing to meet its deposit criteria, as evidenced by its higher ranking and rating in comparison to OANDA.
| Feature |
OANDA
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | 1.61 | 1.38 |
| All-in Cost EUR/USD - Active | 1.61 | 0.79 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the range of investments, both OANDA and Moneta Markets provide ample opportunities for traders, though there are some differences in their offerings. OANDA provides access to an impressive 3,928 tradeable symbols, including 68 forex pairs, while Moneta Markets lists 1,016 symbols with 54 forex pairs available. Both platforms support forex trading as a contract for difference (CFD) or spot contract, ensuring flexibility in trading strategies. Although neither broker allows the trading of exchange-traded securities on U.S. or international exchanges, both offer cryptocurrency derivatives. A standout feature for OANDA is its ability to offer actual cryptocurrency purchases, setting it apart from Moneta Markets, which does not support this option.
OANDA and Moneta Markets both support copy trading, allowing investors to mimic the strategies of experienced traders. This feature, along with their substantial lists of forex pairs and other investments, earns both brokers a commendable 4-star rating for range of investments. In a broader comparison across 62 brokers by ForexBrokers.com, OANDA ranks 27th, while Moneta Markets is positioned at 35th. Despite the difference in ranking, each platform offers valuable options for traders looking to explore different financial instruments.
| Feature |
OANDA
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3928 | 1016 |
| Forex Pairs (Total) | 68 | 54 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | 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 offered by OANDA and Moneta Markets, both brokers provide a variety of options for traders. OANDA and Moneta Markets each offer a free virtual demo account, allowing users to practice trading without financial risk. While OANDA boasts a proprietary platform developed in-house, Moneta Markets does not, but it does match OANDA with access to popular platforms like MetaTrader 4 and MetaTrader 5. Both brokers cater to both desktop and web-based trading preferences, providing flexibility to traders who need multi-device accessibility.
For those interested in leveraging the expertise of others, both OANDA and Moneta Markets offer copy trading, though only Moneta Markets includes ZuluTrade in its lineup. OANDA excels with its range of drawing tools, offering 431 compared to Moneta Markets' 78. However, both platforms allow trading directly from stock charts, enhancing convenience. In terms of personalization, OANDA provides six columns for watch lists versus Moneta’s four. Rated four stars for trading platforms and tools by users and ranked #15 by ForexBrokers.com, OANDA slightly edges out Moneta Markets, which is ranked #33 out of 62 brokers. However, both brokers receive positive feedback in the trading community.
| Feature |
OANDA
|
Moneta Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | 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 | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 81 | 105 |
| Charting - Drawing Tools (Total) | 431 | 78 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 4 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both OANDA and Moneta Markets provide strong offerings suitable for iPhone and Android users alike. Each app provides essential features like price alerts and the ability to draw trendlines or view multiple time frames on charts. Both platforms also offer 30 technical studies to support traders in their decision-making processes. Moreover, users can effortlessly create watchlists with real-time quotes on both apps, though Moneta Markets goes a step further by enabling watchlist syncing across devices for seamless cross-platform management.
However, there are differences when comparing their overall user experience and market standings. OANDA's app boasts a rating of 5 stars, ranking it 7th among 62 brokers according to ForexBrokers.com, reflecting an impressive reputation in the industry. On the other hand, Moneta Markets, with a still-respectable 4-star rating, ranks 36th, indicating room for improvement. In conclusion, both apps offer traders comprehensive and functional tools, but OANDA appears to have a slight edge in user satisfaction and industry recognition.
| Feature |
OANDA
|
Moneta Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| 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.
When comparing OANDA and Moneta Markets for market research offerings, both platforms provide daily market commentary and access to high-quality forex news from top-tier sources like Bloomberg and Reuters. OANDA provides users with technical analysis tools from Autochartist, which enhances its appeal for traders interested in detailed analysis. In contrast, Moneta Markets compensates with access to Trading Central tools, which are popular for technical analytics. Both brokers offer sentiment-based trading tools, allowing traders to see the ratio of long and short positions across various instruments. Additionally, both platforms include an economic calendar to keep traders informed of significant global events.
Despite their similarities, OANDA generally stands out for its research capabilities and is highly rated at 5 stars, earning the fifth position out of 62 brokers in the Research category by ForexBrokers.com. Moneta Markets, with a 4-star rating, ranks at #32. While both brokers lack tools from TipRanks and Acuity Trading, OANDA's edge in the absence of these tools is reflected in its higher overall ratings and rank compared to Moneta Markets. This makes OANDA a more favored choice among those prioritizing extensive market research resources.
| Feature |
OANDA
|
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 | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
OANDA and Moneta Markets provide educational resources to assist beginners in the forex and CFD markets, with over ten educational materials each. Both platforms offer a wealth of beginner educational videos covering trading topics, as well as advanced materials for more seasoned traders. However, OANDA goes further by offering monthly webinars, which are absent with Moneta Markets. Moreover, OANDA provides a searchable archive of previously recorded client webinars for learners who need flexible study options, a feature that Moneta Markets lacks.
Another significant resource OANDA offers is an investor dictionary with definitions of over 50 investing terms, aiding new traders in grasping complex concepts, which Moneta Markets does not. This comprehensive approach contributes to OANDA being rated five stars for education and ranked #22 out of 62 brokers by ForexBrokers.com. Meanwhile, Moneta Markets receives a four-star rating and is placed at #33 in the same category. For beginners seeking a more comprehensive educational experience, OANDA might be the preferred choice.
| Feature |
OANDA
|
Moneta Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that OANDA is better than Moneta Markets. OANDA finished with an overall rank of #12, while Moneta Markets finished with an overall rank of #35.
A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.
| Feature |
OANDA
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Moneta Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 72 |
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OANDA provides the option to buy actual cryptocurrencies as well as cryptocurrency derivatives, whereas Moneta Markets only offers the ability to trade cryptocurrency derivatives, lacking the option to purchase actual cryptocurrencies.
When comparing online brokers OANDA and Moneta Markets, OANDA offers more flexible options for depositing and withdrawing funds, including ACH, SEPA transfers, PayPal, and Skrill, alongside Visa, Mastercard, and bank wire transfers, while Moneta Markets provides Visa, Mastercard, and bank wire transfers, but lacks options like ACH, SEPA transfers, PayPal, and 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 | OANDA | Moneta Markets | |
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| Trust Score | 93 | 72 | |
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| Review | OANDA Review | Moneta Markets Review |
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| Regulation | OANDA | Moneta Markets | |
|---|---|---|---|
| Trust Score | 93 | 72 | |
| Year Founded | 1996 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | OANDA | Moneta Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | 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) | OANDA | Moneta Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | OANDA | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3928 | 1016 | |
| Forex Pairs (Total) | 68 | 54 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | 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 | OANDA | Moneta Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.61 | 1.38 | |
| All-in Cost EUR/USD - Active | 1.61 | 0.79 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | OANDA | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | OANDA | Moneta Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | 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 | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | OANDA | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 4 | |
| Charting - Indicators / Studies (Total) | 81 | 105 | |
| Charting - Drawing Tools (Total) | 431 | 78 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | Moneta Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| 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 | OANDA | Moneta Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | Moneta Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | OANDA | 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 | OANDA Review | Moneta Markets Review |
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| Trust Score | 93 | 72 | |
| Winner | check_circle | ||
| Review | OANDA Review | Moneta Markets Review |
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