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 online broker platforms that were founded within a year of each other—Moneta Markets in 2009 and Pepperstone in 2010. Neither is publicly traded, nor do they operate as banks. When it comes to regulatory credentials, Pepperstone takes the lead with three Tier-1 licenses, which signifies a high level of trust, and two Tier-2 licenses. In comparison, Moneta Markets holds one Tier-1 and one Tier-2 license.
Looking at their Trust Scores on ForexBrokers.com, Pepperstone stands out with an impressive rating of 95 out of 99, marking it as highly trusted. Moneta Markets, on the other hand, has a Trust Score of 72, placing it in the average risk category. These ratings demonstrate Pepperstone's stronger reputation for reliability when compared to Moneta Markets.
| 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 and Moneta Markets are two prominent online brokers offering competitive commission and fee structures tailored to different trading strategies. Pepperstone, with its Razor account, provides favorable pricing for high-volume traders through its Active Trader program. This account features an average spread of 0.10 pips on the EUR/USD, with an all-in cost of 0.80 pips when combined with a commission-equivalent of 0.70 pips. Conversely, Pepperstone's Standard account is commission-free but carries an average spread of 1.1 pips on the EUR/USD, making it a pricier choice compared to the Razor account. Their Active Trader program further incentivizes traders by offering rebate options, enhancing cost savings for professional clients based on trading volumes.
Moneta Markets presents a different approach with its trio of account options: the commission-based Moneta Prime ECN and Ultra ECN accounts, alongside the commission-free Direct STP account. The Direct STP account, though commission-free, averages a spread of 1.38 pips for the EUR/USD, slightly higher than that of the Prime ECN account. The Prime ECN account boasts a competitive all-in cost of approximately 0.79 pips for the EUR/USD, thanks to its average spread of 0.194 pips and additional commission fees. The Ultra ECN account, available for those depositing $20,000 or more, offers an even lower commission rate, positioning it favorably below industry averages.
Both brokers earn a commendable 4.5-star rating for their commission and fee structures. However, Pepperstone is ranked slightly higher at #10 in the Commissions and Fees category according to ForexBrokers.com, whereas Moneta Markets holds the #16 spot. This comparison highlights Pepperstone's slight edge in cost-efficiency for active high-volume traders while showcasing Moneta Markets' competitive standing with its diverse account options catering to traders with varied needs and deposit capacities.
| 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 offer forex trading as CFDs or spot contracts, catering to traders interested in currency markets. Pepperstone boasts a larger selection of tradeable symbols, offering 1,726 compared to Moneta Markets' 1,016. When it comes to forex pairs specifically, Pepperstone provides access to 65 pairs, whereas Moneta Markets offers 54 pairs. Neither platform offers the option to purchase exchange-traded securities from U.S. or international exchanges, thereby limiting opportunities to buy shares like Apple or Vodafone directly.
Both brokers support copy trading and the trading of cryptocurrency derivatives. However, they do not offer the purchase of actual cryptocurrencies. In terms of investment options, both brokers receive a rating of 4 out of 5 stars for their range of investments. Pepperstone is ranked #26 in this category by ForexBrokers.com, while Moneta Markets holds the #35 spot among 62 brokers. Ultimately, both platforms provide a diverse range of CFD offerings, with slight differences in forex pairs and total symbols available for trading.
| Feature |
Pepperstone
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 1016 |
| Forex Pairs (Total) | 65 | 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) | 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 cater to traders with comprehensive trading platforms and tools. Both brokers provide simulated trading through free virtual demo accounts, allowing users to practice their skills without financial risk. Pepperstone sets itself apart with a proprietary platform developed in-house, while Moneta Markets relies solely on popular third-party options like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are supported by both companies. Each broker also offers Windows-based desktop and web-based platforms to suit different trading styles. Additionally, both support copy trading, with Pepperstone offering DupliTrade and Moneta Markets supporting ZuluTrade.
Pepperstone and Moneta Markets deliver on charting features, though Moneta Markets stands out by providing an impressive 78 drawing tools compared to Pepperstone's 30. Both brokers allow traders to execute trades directly from stock charts, enhancing convenience. In terms of customizability, Pepperstone provides seven columns for watch lists, giving users more options than Moneta Markets, which offers four. Despite their diverse offerings, both brokers earn a four-star rating for Trading Platforms and Tools, although Pepperstone ranks slightly higher at #22 compared to Moneta Markets' #33 according to ForexBrokers.com. These features make both brokers attractive, yet Pepperstone seems to have a slight edge in platform diversity and customization.
| 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 | No |
| ZuluTrade | No | Yes |
| 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 provide comprehensive mobile trading apps that cater to the needs of traders using iPhones or Android devices. Each platform offers essential features like stock and forex price alerts, watchlist syncing across devices, and advanced charting tools including the ability to use technical studies, draw trendlines, and view multiple timeframes. Both apps allow traders to create customized watchlists with real-time quotes, which can be vital for staying updated with market trends on the go.
While both brokers have equipped their mobile apps with similar functionalities, their rankings differ slightly according to ForexBrokers.com. Pepperstone ranks 21st out of 62 brokers, while Moneta Markets stands at 36th. Both have earned a solid four-star rating for their mobile trading apps, ensuring that traders can confidently manage their portfolios from anywhere. These rankings and features suggest that while the user experience may be comparable, those prioritizing mobile app performance might slightly lean towards Pepperstone. Nonetheless, both brokers deliver competent platforms for active traders seeking flexibility and convenience.
| 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.
When comparing the market research offerings of Pepperstone and Moneta Markets, both online brokers provide daily market commentary and forex news from renowned sources like Bloomberg and Reuters. Pepperstone distinguishes itself by providing tools from Autochartist for technical and fundamental analysis, whereas Moneta Markets compensates with tools from Trading Central. Both brokers offer sentiment-based trading tools and maintain comprehensive economic calendars, aiding traders in making informed decisions based on current and upcoming global events.
Pepperstone has a slight edge with a 4.5-star research rating, placing it 12th out of 62 brokers in ForexBrokers.com's Research category, while Moneta Markets earns a 4-star rating, positioning it at 32nd. Although neither broker provides research services from TipRanks or Acuity Trading, their respective strengths cater to diverse trader needs, with Pepperstone focusing on broader technical insights and Moneta Markets offering specialized analytical tools.
| 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 of educational materials for those starting in the world of forex and CFD trading. They offer a variety of educational pieces including articles, videos, and archived webinars focused on these subjects. However, Pepperstone stands out by providing monthly live webinars that are not available with Moneta Markets. Additionally, Pepperstone offers access to a searchable archive of recorded webinars, which is another feature not provided by Moneta Markets. Both brokers deliver at least ten beginner and advanced trading videos, ensuring comprehensive coverage for traders at all levels.
When it comes to educational content for entry-level traders, Pepperstone also provides an investor dictionary with over 50 investing terms, a feature that Moneta Markets lacks. This added resource can be particularly useful for those new to the trading environment. In terms of accolades, Pepperstone is rated 4.5 stars for education and is ranked 17 out of 62 brokers by ForexBrokers.com. This positions it favorably compared to Moneta Markets, which holds a slightly lower rating of 4 stars and is ranked 33rd for educational offerings. Overall, while both brokers provide valuable educational content, Pepperstone has a slight edge in the variety and accessibility of its resources.
| Feature |
Pepperstone
|
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 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
|
|---|---|---|
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| Trust Score | 95 | 72 |
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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 | 72 | |
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| Review | Pepperstone Review | Moneta Markets Review |
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| Regulation | Pepperstone | Moneta Markets | |
|---|---|---|---|
| Trust Score | 95 | 72 | |
| 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 | Yes | |
| 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) | Yes | No | |
| 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 | No | |
| 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) | No | No |
| Investments | Pepperstone | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 1016 | |
| Forex Pairs (Total) | 65 | 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) | 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 | No | |
| ZuluTrade | No | Yes |
| 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 | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| 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 | 72 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Moneta Markets Review |
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