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 the online brokers OANDA and Moneta Markets, regulatory information plays a key role in assessing their trustworthiness. OANDA, established in 1996, is a long-standing player in the online trading field. It holds seven Tier-1 licenses, regarded as highly trusted, and has earned a Trust Score of 93 out of 99, reflecting its status as a highly trusted broker according to ForexBrokers.com. On the other hand, Moneta Markets, founded in 2009, does not possess any Tier-1 licenses but has one Tier-2 license, deemed trusted. It garners a Trust Score of 71, indicating an average risk profile.
Neither OANDA nor Moneta Markets is publicly traded or operates as a bank. The Trust Scores and regulatory licenses of these two brokers signify the importance of established regulatory credentials. With OANDA's higher number of Tier-1 licenses and Trust Score, it provides a perception of more secure trading environs. In contrast, Moneta Markets, with its average Trust Score and single Tier-2 license, may appeal to users who are more comfortable with moderate risk levels and appreciate a newer market entrant.
| Feature |
OANDA
|
Moneta Markets
|
|---|---|---|
| Year Founded | 1996 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 0 |
| 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 OANDA and Moneta Markets, both platforms offer diverse investment opportunities, starting with forex trading available as CFDs or spot contracts. OANDA provides a broader selection with 3,928 tradeable symbols and 68 forex pairs, whereas Moneta Markets offers 1,016 tradeable symbols and 45 forex pairs. It's worth noting that neither broker offers trading in exchange-traded securities on U.S. or international exchanges, like Apple or Vodafone shares, focusing instead on other financial instruments.
Both brokers support investors interested in cryptocurrency with derivatives, but OANDA extends its cryptocurrency offerings by allowing the purchase of actual (delivered) cryptocurrencies, a feature not available with Moneta Markets. Additionally, both platforms enable copy trading, which can be advantageous for those who prefer exploring this trading method. While both scored 4 stars for their range of investments, OANDA ranks #27 compared to Moneta Markets' #35, making OANDA a slightly more preferable choice for those looking for variety in their trading activities.
| Feature |
OANDA
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3928 | 1016 |
| Forex Pairs (Total) | 68 | 45 |
| 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.
OANDA and Moneta Markets both provide traders with a comprehensive suite of platforms and tools. OANDA shines with its proprietary trading platform alongside offering popular software like MetaTrader 4 and MetaTrader 5, providing traders with a choice depending on their preferences. They also cater to desktop users with their Windows-based platform and web-based platforms accessible from any browser. Moneta Markets, while not offering a proprietary platform, does provide access to both MetaTrader 4 and 5, in addition to the DupliTrade feature, adding a unique touch to their toolset. Both brokers ensure that users can experience the market risk-free with simulated trading through demo accounts. Additionally, copy trading capabilities are available with both brokers, although Moneta Markets lacks integration with ZuluTrade which OANDA also does not offer.
In terms of charting tools, OANDA offers significantly more drawing tools with 431 options compared to Moneta Markets' 78, providing traders with extensive resources to analyze market trends. However, when it comes to watch lists, OANDA offers more customizable fields with 6 columns, while Moneta Markets provides 4. Both platforms allow users to trade directly from stock charts, enhancing user experience and decision-making efficiency. Despite their similarities in offerings, there is a notable difference in their rankings, with OANDA positioned at #15 and Moneta Markets at #33 in the Trading Platforms and Tools category by ForexBrokers.com. Nevertheless, both received a solid 4-star rating out of five, indicating a strong performance in meeting user trading needs.
| 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 | Yes |
| ZuluTrade | No | No |
| 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, both OANDA and Moneta Markets offer solid platforms for traders on the go. They provide apps for both iPhone and Android users, complete with stock and forex price alerts, making it easier to stay updated. Each allows users to draw trendlines and view various time frames on charts, along with 30 technical studies to assist in market analysis. Real-time quotes in watchlists enhance their functionality, although OANDA lacks the watchlist symbol syncing feature available with Moneta Markets. Both apps ensure that chart drawings are automatically saved, streamlining the trading process.
In terms of ratings, OANDA stands out with a five-star mobile trading app, ranked seventh out of 63 brokers according to ForexBrokers.com. In comparison, Moneta Markets boasts a four-star app, positioned at thirty-fifth in the same ranking. While both platforms are strong contenders for mobile trading, the key difference lies in watchlist syncing and overall user ratings, with OANDA taking the lead in this comparison.
| 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 substantial educational materials. They each offer a wealth of resources, including a minimum of 10 educational articles and videos focused on forex and CFDs. Furthermore, both platforms boast a searchable archive of previously recorded webinars, with more than 10 videos targeting beginner traders. However, OANDA distinguishes itself by providing monthly live webinars, offering learners an opportunity to engage and ask questions in real-time, a feature Moneta Markets does not offer.
In terms of catering to experienced traders, OANDA and Moneta Markets both cover advanced topics with at least 10 educational videos each. Their offerings also include comprehensive investor dictionaries with over 50 investing terms each. Despite these similarities, OANDA has a slight edge with a 5-star educational rating compared to Moneta Markets' 4-star rating. According to ForexBrokers.com, OANDA is ranked #22 out of 63 brokers for Education, while Moneta Markets is positioned at #33. For those new to trading, these ratings and features might be a deciding factor in choosing OANDA for a more well-rounded educational experience.
| Feature |
OANDA
|
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 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 | 71 |
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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 | 71 | |
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| Review | OANDA Review | Moneta Markets Review |
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| Regulation | OANDA | Moneta Markets | |
|---|---|---|---|
| Trust Score | 93 | 71 | |
| 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 | 0 | |
| 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 | No | |
| 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 | 45 | |
| 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 | Yes | |
| ZuluTrade | No | No |
| 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 | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| 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 | 71 | |
| Winner | check_circle | ||
| Review | OANDA Review | Moneta Markets Review |
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