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.
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 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 commissions and fees of online brokers OANDA and Moneta Markets, both options offer distinct pricing structures and trade-offs. OANDA is known for its steep forex trading costs, particularly with its default and core pricing. While its default pricing features a higher average spread, OANDA offers a core pricing option with lower spreads and a commission of $5 per $100,000 worth of currency, making it slightly better for high-volume traders. Additionally, OANDA allows for micro-lot trading as small as one unit and offers rebate programs for active traders. OANDA receives a 4-star rating for commissions and fees and is ranked 34th out of 63 brokers on ForexBrokers.com for the Commissions and Fees category.
On the other hand, Moneta Markets provides three account options with varying costs. The commission-free Direct STP account features an average spread of 1.38 pips for the EUR/USD pair. In contrast, the Prime ECN account offers tighter average spreads of 0.194 pips and a commission of $3 per side, resulting in a more competitive all-in cost of around 0.79 pips for EUR/USD. For a more competitive rate, the Ultra ECN account offers a commission of $2 per round-turn lot, but requires a $20,000 deposit. Moneta Markets earns a 4.5-star rating for commissions and fees and is ranked 16th among 63 brokers on ForexBrokers.com.
Overall, while OANDA is praised for its automated execution and transparency in pricing, its costs remain higher than some competitors. Conversely, Moneta Markets tends to offer more competitive pricing in its commission-based accounts but requires significant deposits for lower rates. Both brokers cater to different trader needs, with OANDA being more suitable for smaller-scale traders and Moneta Markets appealing to those with larger initial capital.
| 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 comparing the range of investments between OANDA and Moneta Markets, both platforms offer forex trading as CFDs or spot contracts, showcasing their strength in currency trading. OANDA stands out with an impressive 3,928 tradeable symbols, including 68 forex pairs, providing a vast selection for traders. In contrast, Moneta Markets offers 1,016 tradeable symbols, including 54 forex pairs, which, while smaller, still presents a solid option for forex enthusiasts. Neither broker provides access to exchange-traded securities on U.S. or international exchanges, such as direct purchases of stocks like Apple or Vodafone.
Both OANDA and Moneta Markets support copy trading, which can attract investors interested in mirroring the strategies of successful traders. OANDA has an edge in cryptocurrency offerings, allowing customers to buy actual digital currencies, while Moneta Markets restricts cryptocurrency transactions to derivatives only. Both platforms offer cryptocurrency derivatives for those looking to speculate on price movements without taking ownership. In terms of recognition, OANDA earns 4 stars for its range of investments and ranks 27th among 63 brokers, whereas Moneta Markets also garners 4 stars but ranks 35th in the same category, indicating that both are competitive choices with unique investment opportunities.
| 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 it comes to trading platforms and tools, OANDA and Moneta Markets both offer features that cater to different types of traders. Both brokers provide free virtual demo accounts, allowing users to get familiar with the trading environment before committing real capital. OANDA offers a unique advantage by providing a proprietary platform developed in-house, alongside a Windows-based desktop platform and a web-based trading platform. Moneta Markets, while not offering a proprietary platform, includes Windows-based and web-based platforms, and extends its trading offerings with ZuluTrade for social trading enthusiasts. Both brokers support popular platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5), providing versatility and choice for traders looking for established trading environments. While neither brokerage supports DupliTrade, both offer copy trading, catering to traders who prefer mirroring experienced traders' strategies.
OANDA excels in charting with an impressive 431 drawing tools, allowing comprehensive technical analysis, whereas Moneta Markets presents 78 drawing tools for its users. Both facilitate trading directly from a stock chart, streamlining transaction processes. OANDA has the edge in watch list customization with six columns, compared to Moneta Markets' four. In terms of ratings, both brokers earn a commendable 4 out of 5 stars for their trading platforms and tools. According to ForexBrokers.com, OANDA is ranked 15th out of 63 brokers, offering a more highly regarded suite of trading tools than Moneta Markets, which stands at 33rd place. Ultimately, both OANDA and Moneta Markets provide solid options for traders, though OANDA may appeal more to those seeking robust charting capabilities and proprietary platform features.
| 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.
Both OANDA and Moneta Markets provide iPhone and Android apps, making trading on-the-go convenient for users. Each platform supports stock and forex price alerts and offers 30 technical studies for its charting capabilities. Traders can draw trendlines on charts, view multiple time frames, and enjoy auto-saving for their drawings on both apps. Real-time quotes and watchlist creation are also available. However, while Moneta Markets allows for watchlist symbol syncing across devices, OANDA does not, which could be a drawback for those who require cross-platform consistency.
When it comes to ratings, OANDA's mobile trading app edges out with a perfect 5-star rating, whereas Moneta Markets holds a solid 4 stars. According to ForexBrokers.com, out of 63 brokers, OANDA ranks impressively at #7 in the Mobile Trading Apps category, compared to Moneta Markets, which stands at #36. This suggests that while both platforms offer commendable mobile experiences, OANDA has a slight upper hand in user satisfaction and feature performance.
| 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 it comes to market research, both OANDA and Moneta Markets cater to traders with daily market commentary and forex news from esteemed sources such as Bloomberg and Reuters. However, OANDA takes a slight edge by offering technical analysis tools from Autochartist, providing traders with advanced capabilities for understanding market trends, something Moneta Markets does not offer. In contrast, Moneta Markets equips traders with analysis resources from Trading Central, balancing the scales with its unique offerings. Both brokers, however, deliver sentiment-based trading tools, which help investors better gauge market sentiments through positions across various currency pairs.
Moving beyond tools, both OANDA and Moneta Markets feature economic calendars for keeping abreast of significant global news events. Despite the similarities, OANDA boasts a higher research rating, earning 5 out of 5 stars compared to Moneta Markets' 4 out of 5. This superior rating is backed by OANDA's impressive 5th place ranking out of 63 brokers on ForexBrokers.com for research, eclipsing Moneta Markets, which holds the 32nd spot. These rankings highlight the slight but significant advantages OANDA holds for those prioritizing in-depth market research and tools as part of their trading strategy.
| 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.
For beginners looking to learn about forex and CFDs, both OANDA and Moneta Markets provide valuable educational resources. Each offers more than ten pieces of educational content, such as articles and videos, primarily focused on forex or CFDs. OANDA stands out by hosting online educational webinars for clients monthly and providing access to a searchable archive of previous webinars, a feature Moneta Markets lacks. Both platforms cater to newcomers with at least ten beginner-focused videos, easing the learning curve around trading topics.
Diving deeper into the educational offerings, OANDA also provides resources for advanced learners with at least ten specialized videos and boasts an investor dictionary that explains over 50 investing terms, which Moneta Markets does not offer. OANDA's superior educational features are reflected in its 5-star education rating and a higher rank of #22 out of 63 brokers in the Education category by ForexBrokers.com. In comparison, Moneta Markets receives a 4-star rating and ranks at #33, suggesting that while both brokers support traders in expanding their knowledge, OANDA offers a more comprehensive suite of educational tools.
| 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 63 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
|
Moneta Markets
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 93 | 72 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | OANDA | Moneta Markets | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 93 | 72 | |
| Winner | check_circle | ||
| Review | OANDA Review | Moneta Markets Review |
| Broker Screenshots | OANDA | 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 | 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 |
| Overall | OANDA | Moneta Markets | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 93 | 72 | |
| Winner | check_circle | ||
| Review | OANDA Review | Moneta Markets Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill