Written by ForexBrokers.com
In this head to head comparison of Pepperstone 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.
Pepperstone and Moneta Markets are both noteworthy online brokers, yet they exhibit distinctive regulatory profiles. Pepperstone, founded in 2010, achieves a high Trust Score of 95 out of 99 according to ForexBrokers.com, indicating it is highly trusted. This brokerage is not publicly traded and does not operate as a bank. It stands out with three Tier-1 licenses and two Tier-2 licenses, affirming its credibility and trustworthiness within the financial sector.
In contrast, Moneta Markets, established in 2009, garners a Trust Score of 79, categorizing it within the average risk bracket. Like Pepperstone, it isn't publicly traded or a bank. Moneta Markets possesses one Tier-1 and one Tier-2 license, which reflects its moderate level of regulatory oversight compared to Pepperstone. Despite this, Moneta Markets still maintains a solid standing among traders seeking a reliable online brokerage experience.
| Feature |
Pepperstone
|
Moneta Markets
|
|---|---|---|
| Year Founded | 2010 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
Pepperstone’s commissions and fees shine on its Razor account, which uses spreads plus a commission. As of July 2024, the Razor account listed an average EUR/USD spread of 0.10 pips; adding the commission-equivalent of 0.70 pips brings the all-in cost to about 0.80 pips (near the industry average). The Standard account is commission-free but pricier at a 1.1‑pip average spread on EUR/USD. High‑volume traders can lower costs via Pepperstone’s Active Trader program: in the U.K./EU, Professional clients trading at least £20 million per month can get a 15% per‑lot spread rebate that scales up to 25% above £200 million, while in Australia, Professional clients start with a 10% discount at 100 lots (over three months) and up to 30% from 3001+ lots monthly. Pepperstone is rated 4.5/5 stars for Commissions and Fees and ranks #11 out of 63 brokers.
Moneta Markets offers three pricing paths: the commission-free Direct STP account, and the commission-based Prime ECN and Ultra ECN accounts. In August 2023, the Direct STP account averaged 1.38 pips on EUR/USD. The Prime ECN account averaged 0.194 pips plus a $6 round‑trip commission per standard lot, for an all‑in cost near 0.79 pips—slightly below the industry average. The Ultra ECN account drops commission to $2 round‑trip ($1 per side) for deposits of $20,000 or more. Moneta Markets is rated 4.5/5 stars for Commissions and Fees and ranks #17 out of 63 brokers.
Head‑to‑head on EUR/USD all‑in pricing, Pepperstone’s Razor (about 0.80 pips) and Moneta’s Prime ECN (about 0.79 pips) are effectively neck and neck. Moneta’s Ultra ECN can be even cheaper on commission if you meet the $20,000 deposit, while Pepperstone’s Active Trader rebates can reduce costs for high‑volume traders without a large upfront deposit. For spread‑only plans, Pepperstone’s Standard (1.1 pips) undercuts Moneta’s Direct STP (1.38 pips). Your cheaper choice will depend on whether you qualify for rebates or prefer low‑spread ECN pricing with per‑lot commissions.
| Feature |
Pepperstone
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | 1.00 | 1.38 |
| All-in Cost EUR/USD - Active | 0.70 | 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.
Pepperstone and Moneta Markets both support forex trading via CFDs or spot contracts. For variety, Pepperstone lists 1,726 tradeable symbols and 65 currency pairs, while Moneta Markets offers 1,016 symbols and 45 pairs. Each earns 4 out of 5 stars for Range of Investments, though Pepperstone ranks higher in this category (#27 of 63) than Moneta Markets (#36 of 63) on ForexBrokers.com.
Neither broker offers exchange-traded securities (non-CFD) in the U.S. or internationally. Both provide copy trading and let you trade cryptocurrency via derivatives, but you cannot purchase actual coins with either provider. If you want a larger instrument list and more forex pairs, Pepperstone holds the edge; otherwise, their product lineups are quite similar.
| Feature |
Pepperstone
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 1016 |
| Forex Pairs (Total) | 65 | 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) | 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.
Pepperstone and Moneta Markets both cover the basics for modern traders: free demo (paper) accounts, desktop platforms for Windows, web-based platforms, and the popular MetaTrader 4 and MetaTrader 5. Each supports copy trading and DupliTrade, but not ZuluTrade, and both let you trade directly from charts. A key difference is that Pepperstone also offers a proprietary, in-house platform alongside MetaTrader, while Moneta Markets sticks to third-party platforms.
For charting tools, both offer a range of indicators (exact counts not specified). Moneta Markets lists more drawing tools (78 vs 30 for Pepperstone), while Pepperstone provides more watchlist fields (7 vs 4), which can help with monitoring more data at a glance. Both earn 4 out of 5 stars for platforms and tools, with ForexBrokers.com ranking Pepperstone #22 out of 63 brokers and Moneta Markets #34. Choose Pepperstone if you want an extra, broker-built platform and fuller watchlist customization; pick Moneta Markets if you value a larger set of drawing tools.
| Feature |
Pepperstone
|
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 | Yes | Yes |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 15 | 105 |
| Charting - Drawing Tools (Total) | 30 | 78 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 4 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and Moneta Markets both offer comprehensive mobile trading experiences for iPhone and Android users. Each provides stock and forex price alerts, the convenience of synchronized watchlists across devices, and the ability to draw trendlines, view multiple time frames, and auto-save chart drawings. Users can stay updated with real-time quotes, as both apps support creating watchlists for quick access to favorite stocks and currencies.
In terms of charting tools, both Pepperstone and Moneta Markets offer 30 technical studies, ensuring traders have the analytical power they need on the go. When it comes to user satisfaction, Pepperstone holds a slightly higher rank, at #21 out of 63 brokers, while Moneta Markets comes in at #36 according to ForexBrokers.com. However, both mobile apps boast a strong four-star rating, highlighting their reliability and user-friendly interfaces. Whether you're using Pepperstone or Moneta Markets, mobile trading is accessible and well-equipped for making impactful investment decisions.
| Feature |
Pepperstone
|
Moneta Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | 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.
Pepperstone and Moneta Markets both deliver daily market commentary, real-time forex news from top-tier sources like Bloomberg/Reuters/Dow Jones, sentiment tools that show long/short positioning, and an economic calendar. Neither broker includes TipRanks or Acuity Trading research. The key difference is in platform add-ons: Pepperstone provides Autochartist for automated pattern and opportunity scanning, while Moneta Markets offers Trading Central for technical and fundamental insights.
For overall research quality, Pepperstone earns 4.5/5 stars and ranks #12 out of 63 brokers at ForexBrokers.com, while Moneta Markets scores 4/5 stars and ranks #33. Traders who want Autochartist may favor Pepperstone, whereas those who rely on Trading Central may prefer Moneta Markets. Both are solid choices for everyday market research, news, and sentiment tracking.
| Feature |
Pepperstone
|
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.
Pepperstone and Moneta Markets both provide a solid foundation for beginners diving into forex and CFD trading. They each offer more than 10 educational pieces, including articles, videos, and archived webinars. However, Pepperstone stands out by providing monthly online educational webinars, whereas Moneta Markets does not. Both brokers maintain searchable archives of past webinars, making it easy for users to revisit valuable content.
In terms of video resources, beginners and advanced traders alike will find plenty to explore, as both brokers offer at least 10 beginner and 10 advanced educational videos on trading topics. Additionally, their comprehensive investor dictionaries contain over 50 investing terms, aiding newcomers in understanding the trading jargon. According to rankings by ForexBrokers.com, Pepperstone edges ahead, earning a 4.5-star rating and a position of 17th out of 63 brokers in the Education category, compared to Moneta Markets’ 4-star rating and 33rd place ranking.
| Feature |
Pepperstone
|
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 Pepperstone is better than Moneta Markets. Pepperstone finished with an overall rank of #16, while Moneta Markets finished with an overall rank of #35.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
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Moneta Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 79 |
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Both Pepperstone and Moneta Markets do not offer the ability to buy actual delivered cryptocurrency, but they do provide options for trading cryptocurrency derivatives.
Pepperstone outshines Moneta Markets in the realm of deposit and withdrawal options by offering ACH or SEPA transfers, PayPal, and Skrill, alongside Visa, Mastercard, and bank wires, whereas Moneta Markets only supports Visa, Mastercard, and bank wires, lacking the flexibility of ACH, SEPA, 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 | Pepperstone | Moneta Markets | |
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| Trust Score | 95 | 79 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Moneta Markets Review |
| Broker Screenshots | Pepperstone | Moneta Markets | |
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| Regulation | Pepperstone | Moneta Markets | |
|---|---|---|---|
| Trust Score | 95 | 79 | |
| Year Founded | 2010 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | Moneta Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | |||
| 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). | Yes | No |
| Tier-2 Licenses (Trusted) | Pepperstone | Moneta Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Pepperstone | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 1016 | |
| Forex Pairs (Total) | 65 | 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) | 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 | Pepperstone | Moneta Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | 1.38 | |
| All-in Cost EUR/USD - Active | 0.70 | 0.79 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | 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 | Pepperstone | 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 | Yes | No | |
| DupliTrade | Yes | Yes | |
| ZuluTrade | No | No |
| Trading Tools | Pepperstone | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 4 | |
| Charting - Indicators / Studies (Total) | 15 | 105 | |
| Charting - Drawing Tools (Total) | 30 | 78 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Pepperstone | Moneta Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | 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 | Pepperstone | 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 | Pepperstone | 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 | Pepperstone | 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 | Pepperstone Review | Moneta Markets Review |
| Overall | Pepperstone | Moneta Markets | |
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| Trust Score | 95 | 79 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Moneta Markets Review |
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