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 account | 1.00 | 1.38 |
| All-in Cost EUR/USD - Active | 0.70 | 0.79 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | No | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone offers 1,726 tradeable symbols compared with 1,016 at Moneta Markets, giving Pepperstone the broader overall selection. Forex traders also get more currency pairs at Pepperstone (65) than at Moneta Markets (45). Both brokers support forex trading as CFDs or spot contracts, and each provides cryptocurrency trading via CFDs (but not actual, delivered crypto).
Neither broker lets you buy exchange-traded securities on U.S. or international stock exchanges (so you can’t purchase shares like Apple or Vodafone directly). Copy trading is available at both. For Range of Investments, each earns 4 stars, though Pepperstone ranks #27 out of 63 brokers at ForexBrokers.com, while Moneta Markets ranks #36. If you want access to more markets and forex pairs, Pepperstone has the edge; otherwise, Moneta Markets delivers similar features with a smaller lineup.
| Feature |
Pepperstone
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 1016 |
| Forex Pairs (Total) | 65 | 45 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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 vs Moneta Markets: both brokers offer free demo (paper) accounts, web and Windows desktop platforms, and support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both also provide copy trading and let you place trades directly from charts. The main difference is that Pepperstone adds its own proprietary platform, while Moneta Markets relies on third‑party platforms.
For trading platforms and tools, both are rated 4 out of 5 stars by ForexBrokers.com. In the category ranking, Pepperstone is #22 of 63 brokers, while Moneta Markets is #34. Specific counts for technical indicators and watch list fields aren’t provided here. If you want the option of an in-house platform alongside MetaTrader, Pepperstone may suit you; if you prefer standard MetaTrader access with web and desktop choices, Moneta Markets is a straightforward pick.
| Feature |
Pepperstone
|
Moneta Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 15 | 105 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone vs Moneta Markets for mobile trading: both brokers offer iPhone and Android apps with the essentials traders look for. Each app supports price alerts for forex and CFDs, watchlist syncing between mobile and web, and charting with 30 technical indicators. You can draw trendlines and other annotations, and your drawings auto-save so they’re ready the next time you open the chart.
Both mobile apps earn 4 out of 5 stars, but Pepperstone is ranked higher by ForexBrokers.com in the Mobile Trading Apps category (#21 out of 63) compared with Moneta Markets (#36 out of 63). If you want the same core tools on the go—alerts, synced watchlists, and capable charting—either app works well; if independent rankings matter to you, Pepperstone has a slight edge.
| Feature |
Pepperstone
|
Moneta Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | 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 (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Pepperstone and Moneta Markets both deliver plenty of learning material for new traders. Each offers at least 10 beginner-focused videos and at least 10 advanced videos, giving you a clear path from basics to more complex topics. A key difference is live training: Pepperstone runs client webinars at least once a month, while Moneta Markets does not. If you value real-time sessions where you can learn from experts and keep skills fresh, Pepperstone has the edge. If you prefer self-paced video learning, both brokers can work well.
According to ForexBrokers.com, Pepperstone earns 4.5 stars for Education and ranks #17 out of 63 brokers, while Moneta Markets earns 4 stars and ranks #33. For beginners seeking frequent live education alongside video courses, Pepperstone is the stronger pick. If you mainly want an on-demand video library covering forex and CFDs from beginner to advanced, Moneta Markets remains a solid option.
| Feature |
Pepperstone
|
Moneta Markets
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | 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
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| Trust Score | 95 | 79 |
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Pepperstone vs Moneta Markets: neither broker supports buying actual (delivered) cryptocurrencies, but both offer cryptocurrency trading via CFDs.
In a comparison of deposit and withdrawal methods, online broker Pepperstone supports ACH/SEPA transfers, PayPal, and bank wire transfers (but not Skrill), while Moneta Markets does not support ACH/SEPA and its availability for PayPal, Skrill, Visa/Mastercard, and bank wires is not specified.
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, FSRA, or SCA 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. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 account | 1.00 | 1.38 | |
| All-in Cost EUR/USD - Active | 0.70 | 0.79 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | No | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | Yes | No |
| Trading Platforms | Pepperstone | Moneta Markets | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | Pepperstone | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 15 | 105 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Pepperstone | Moneta Markets | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | Moneta Markets | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Pepperstone | Moneta Markets | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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