Written by ForexBrokers.com
In this head to head comparison of Moneta Markets vs Octa, 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.
Founded in 2009, Moneta Markets is an online broker that offers a somewhat reliable platform with a Trust Score of 71 from ForexBrokers.com, placing it in the average risk category. Moneta Markets does not have any Tier-1 licenses, which are considered highly trusted, but holds one Tier-2 license, indicating a level of trustworthiness. The company is not publicly traded and does not operate as a bank, reflecting its position as a dedicated online brokerage service.
Established in 2011, Octa also provides online trading services, with a slightly higher Trust Score of 72, situating it in the average risk range as well. Unlike Moneta Markets, Octa holds one Tier-1 license, offering a more significant level of trust and reliability among traders. Additionally, Octa holds one Tier-2 license, similar to Moneta Markets. Octa is neither publicly traded nor a banking institution, remaining focused on its role as an online broker.
| Feature |
Moneta Markets
|
Octa
|
|---|---|---|
| Year Founded | 2009 | 2011 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 0 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of Moneta Markets to Octa, it's clear each has its unique strengths. Moneta Markets offers three account types, including two that involve commissions: the Prime ECN and Ultra ECN accounts, alongside the commission-free Direct STP account. Although the Direct STP is commission-free, higher spreads are applicable. The Prime ECN account offers narrower spreads and a commission of $6 per round-trip lot, resulting in an all-in cost that marginally undercuts industry norms. For traders seeking even tighter spreads, the Ultra ECN account offers a $2 per round-turn commission, provided a $20,000 deposit is made. Moneta Markets achieves a commendable 4.5-star rating, placing it at #16 out of 63 brokers for commissions and fees.
On the other hand, Octa edges closer to offering lower trading costs and maintains a competitive spread. Octa’s pricing shows significant improvement, with no slippage on 97.5% of trades and no overnight fees. However, its results vary based on whether clients use its EU entity or its offshore counterparts. For example, while its EU accounts list a commendable 0.5 pip average spread for the EUR/USD pair, foreign entities tend to average slightly higher at 0.9 pips. However, Octa's lack of date-specific spread data could impact price comparisons. Octa earns a 4-star rating and holds the #29 spot out of 63 brokers for its pricing strategies.
Overall, Moneta Markets and Octa provide competitive trading costs but in distinct ways. Moneta’s choice between spread-only and commission-based accounts offers flexibility for different trading preferences. Meanwhile, Octa's no-slippage and carry cost benefits make it appealing to some, although the absence of date-specific spread data might raise questions for others. Each broker brings strong value to the table, catering to diverse needs across the trading spectrum.
| Feature |
Moneta Markets
|
Octa
|
|---|---|---|
| Minimum Deposit | $50 | $25 |
| Average Spread EUR/USD - Standard | 1.38 | 0.9 |
| All-in Cost EUR/USD - Active | 0.79 | N/A |
| Active Trader or VIP Discounts | No | No |
| 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 the range of investments between Moneta Markets and Octa, both platforms offer forex trading as CFDs or spot contracts, with Moneta Markets providing a wider selection of 1,016 tradeable symbols compared to Octa's 300. Moneta Markets also surpasses Octa in the number of tradeable forex pairs, offering 45 against Octa's 35. However, neither broker offers the purchase of exchange-traded securities on U.S. exchanges, limiting opportunities to invest directly in popular stocks like Apple.
For investors interested in international exchanges, Octa has the edge by allowing clients to purchase shares like Vodafone on the London Stock Exchange, a feature Moneta does not provide. Both platforms support copy trading and offer cryptocurrency derivatives, but not the actual cryptocurrencies. In terms of range of investments, Moneta Markets holds a slight advantage with a rating of 4 stars, ranking 35th among 63 brokers, while Octa comes in at 3.5 stars, placing it at 52nd in the same category.
| Feature |
Moneta Markets
|
Octa
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 300 |
| Forex Pairs (Total) | 45 | 35 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| 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.
Both Moneta Markets and Octa provide traders with a strong suite of platform options and tools to suit various trading needs. Moneta Markets does not have a proprietary platform but offers popular options like MetaTrader 4 and MetaTrader 5. Octa, however, provides a proprietary platform in addition to offering MT4 and MT5. Both brokers offer web-based (browser) and Windows-based desktop platforms, making it convenient for traders who value accessibility. Additionally, Moneta Markets and Octa both support copy trading, which allows traders to automatically replicate the trades of experienced investors.
For those interested in trying their hand at trading without any financial risks, both brokers offer free virtual demo accounts. When it comes to specific trading tools, Moneta Markets presents traders with 78 drawing tools for charting while Octa offers 15, and both allow the ability to trade directly from stock charts. Watch list customization varies with Moneta Markets offering 4 columns and Octa providing 7 columns. Despite some differences in features, both brokers have earned a 4-star rating for Trading Platforms and Tools. In the competitive ranking by ForexBrokers.com among 63 brokers, Moneta Markets is placed at #33 while Octa is at #37.
| Feature |
Moneta Markets
|
Octa
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| 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 | 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 Octa, both platforms provide solid services for traders using iPhone and Android devices. Users can expect essential features like stock and forex price alerts, drawing capabilities, and the ability to view multiple time frames on charts. Both apps also support creating watchlists with real-time quotes and offer 30 technical studies for chart analysis. Although Octa performs equally well in most areas, Moneta Markets has an edge with watchlist symbol syncing, allowing seamless updates between the mobile app and the user's online account.
In terms of ratings, both Moneta Markets and Octa receive a commendable four out of five stars for their mobile trading apps. They are closely ranked on ForexBrokers.com, with Moneta Markets holding the 35th position and Octa following at 36th out of 63 brokers. This comparison highlights that while both brokers cater well to mobile traders, Moneta Markets offers a slight advantage with its synchronized watchlist functionality.
| Feature |
Moneta Markets
|
Octa
|
|---|---|---|
| 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.
When it comes to market research offerings, both Moneta Markets and Octa provide valuable insights for traders, starting with daily market commentaries and access to forex news from reliable sources such as Bloomberg and Reuters. Moneta Markets stands out with its use of Trading Central tools, providing extensive technical analytics support. It also offers a sentiment-based trading tool, allowing traders to gauge market sentiment by showing the ratio of long or short positions across various instruments. In contrast, Octa shines with its integration of Autochartist tools, though it doesn't offer Trading Central's advanced analytics or sentiment-based tools.
Both brokers equip traders with economic calendars to keep track of global news events, a crucial component for strategic decision-making. Despite their differences in research tool offerings, Moneta Markets and Octa both receive a solid 4-star rating for research. However, ForexBrokers.com rates Octa slightly higher at #27, compared to Moneta Markets at #32 among 63 brokers. Thus, both platforms deliver strong research support, each appealing to slightly different trading needs and preferences.
| Feature |
Moneta Markets
|
Octa
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Moneta Markets and Octa for educational resources aimed at beginners, both online brokers provide a substantial foundation. Each offers a wide range of educational materials, exceeding ten pieces like articles, videos, and archived webinars with a focus on forex or CFDs. Additionally, both brokers have extensive collections of beginner-focused videos to introduce new traders to the world of trading. However, Moneta Markets does not host monthly webinars, whereas Octa fulfills this criterion. On the bright side, both platforms maintain a comprehensive archive of recorded webinars for future reference, making it easy for users to catch up on essential topics.
Further examining educational features, Moneta Markets and Octa each offer a rich supply of advanced videos designed for more seasoned traders. An extensive investor dictionary is available with both brokers, defining over 50 investment-related terms, which aids in demystifying trading jargon. In terms of user ratings, both platforms receive a 4-star rating for education. Despite Moneta Markets' more limited live webinar offerings, it is ranked #33 compared to Octa's #42 in ForexBrokers.com's education category, suggesting a slightly higher satisfaction with its educational content overall.
| Feature |
Moneta Markets
|
Octa
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| 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 Moneta Markets is better than Octa. Moneta Markets finished with an overall rank of #35, while Octa finished with an overall rank of #47.
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
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Octa
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 72 |
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Both Moneta Markets and Octa do not allow the purchase of actual (delivered) cryptocurrencies but do offer the ability to trade cryptocurrency derivatives.
Both Moneta Markets and Octa do not support ACH, SEPA, or PayPal for deposits or withdrawals, but while Moneta Markets lacks support for Skrill, Octa offers it, and both brokers accept Visa, Mastercard, and bank wire transactions.
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 | Octa | |
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| Trust Score | 71 | 72 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | Octa Review |
| Broker Screenshots | Moneta Markets | Octa | |
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| Regulation | Moneta Markets | Octa | |
|---|---|---|---|
| Trust Score | 71 | 72 | |
| Year Founded | 2009 | 2011 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 0 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Moneta Markets | Octa | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| 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 | Octa | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Moneta Markets | Octa | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1016 | 300 | |
| Forex Pairs (Total) | 45 | 35 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| 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 | Octa | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.38 | 0.9 | |
| All-in Cost EUR/USD - Active | 0.79 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Moneta Markets | Octa | |
|---|---|---|---|
| Minimum Deposit | $50 | $25 | |
| 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 | Octa | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| 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 | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Moneta Markets | Octa | |
|---|---|---|---|
| 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 | Octa | |
|---|---|---|---|
| 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 | Octa | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Moneta Markets | Octa | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| 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 | Moneta Markets | Octa | |
|---|---|---|---|
| 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 | Octa Review |
| Overall | Moneta Markets | Octa | |
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| Trust Score | 71 | 72 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | Octa Review |
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