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 two online brokers established in 2010 and 2009, respectively. None of them is publicly traded or operates as a bank. In terms of trust and regulation, Pepperstone appears to have a stronger standing. Holding three Tier-1 licenses, which are seen as highly trusted, along with two Tier-2 licenses, Pepperstone boasts a high Trust Score of 95 as rated by ForexBrokers.com. In contrast, Moneta Markets holds no Tier-1 licenses and only one Tier-2 license, resulting in a Trust Score of 71, indicating an average risk in terms of trust and regulation.
For investors prioritizing regulatory standing and reliability, Pepperstone may come across as the more trusted option. Its higher number of prestigious Tier-1 licenses reflects a commitment to strict regulatory standards. Meanwhile, Moneta Markets, with its single Tier-2 license and lower Trust Score, might offer a different level of regulatory assurance. Both brokers, however, cater to a variety of trading needs, making them viable choices depending on individual risk tolerance and regulatory preference.
| Feature |
Pepperstone
|
Moneta Markets
|
|---|---|---|
| Year Founded | 2010 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 0 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing the commission and fee structures of Pepperstone and Moneta Markets, both brokers offer a range of account options catering to different trading needs. Pepperstone provides its high-volume traders with competitive pricing through its Razor account in combination with its Active Trader program. The Razor account operates on a commission-based model with an average spread of 0.10 pips for the EUR/USD, plus a commission-equivalent of 0.70 pips, totaling 0.80 pips, which is near the industry average. Conversely, Pepperstone's Standard account has no commission but offers a higher average spread of 1.1 pips for the same currency pair. Pepperstone is particularly enticing for professional clients in regions like the EU, UK, and Australia, offering spread rebates for substantial trading volumes.
Moneta Markets presents its traders with three account options, including the commission-free Direct STP and two commission-based accounts: Prime ECN and Ultra ECN. The Direct STP account lists an average spread of 1.38 pips for the EUR/USD. The Prime ECN account delivers tighter spreads with an average of 0.194 pips and a commission of $6 per round-trip standard lot, summing up to an all-in cost of approximately 0.79 pips. For those willing to make a $20,000 deposit, the Ultra ECN account offers even lower trading costs with a $2 round-trip commission and tighter spreads than the industry average. However, Moneta Markets' pricing is still not the most competitive in the forex market.
As for rankings in the Commissions and Fees category by ForexBrokers.com, Pepperstone is placed at 10th out of 63 brokers, while Moneta Markets holds the 16th spot. Both brokers receive a commendable rating of 4.5 stars out of 5 for their commission and fee structures, demonstrating their competitive offerings for traders seeking cost-effective solutions.
| 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 are two prominent online brokers offering a diverse range of investment options. Both platforms provide opportunities for forex trading as CFDs, with Pepperstone boasting 1726 tradeable symbols and Moneta Markets offering 1016. When it comes to forex pairs, Pepperstone provides access to 65, while Moneta Markets supports 45. Neither broker allows direct investment in exchange-traded securities on U.S. or international exchanges, such as Apple's shares or Vodafone's stocks. However, investors can engage in copy trading on both platforms, offering an avenue to mirror the actions of seasoned traders.
For those interested in cryptocurrencies, both brokers provide trading in cryptocurrency derivatives rather than direct ownership. In terms of their offerings, Pepperstone and Moneta Markets both receive a four-star rating for their range of investments. While Pepperstone is slightly higher ranked at #26 compared to Moneta Markets' #35 in the Range of Investments category by ForexBrokers.com, each broker presents solid options for traders looking to diversify their portfolios.
| 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 provide a variety of trading platforms and tools that cater to different trader needs. Traders at either broker can take advantage of simulated trading through free virtual demo accounts. Pepperstone stands out with its proprietary platform, developed in-house, while Moneta Markets relies on established third-party platforms. Both brokers offer MetaTrader 4 and MetaTrader 5, alongside web-based and Windows desktop platforms, ensuring that traders have access to familiar interfaces and tools for a seamless trading experience. Copy trading is supported by both platforms as well, and while DupliTrade is available for users at each broker, ZuluTrade is not offered by either one.
When it comes to charting and watch list features, Moneta Markets provides an impressive 78 drawing tools compared to Pepperstone's 30, although Pepperstone excels by offering 7 fields for watch lists, whereas Moneta markets offers 4. Both brokers allow trading directly from stock charts, enhancing the overall user experience. With equal ratings of 4 stars out of 5 for their trading platforms and tools, Pepperstone is ranked 22nd and Moneta Markets 33rd out of 63 brokers on ForexBrokers.com, indicating a competitive edge for Pepperstone in this category, but a strong performance by both overall.
| 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 strong mobile trading platforms, compatible with iPhone and Android devices. Traders from both platforms can enjoy features like stock and forex price alerts and synchronized watchlists, which conveniently mirror changes between the mobile app and online accounts. Each app provides 30 technical studies for charting, enabling technical analysis on the go. Additionally, drawing trendlines and viewing charts in multiple time frames—such as daily, weekly, or intraday—is straightforward with both apps. Users also benefit from the auto-save feature for chart drawings, ensuring their technical analyses are preserved.
The apps from Pepperstone and Moneta Markets allow the creation of watchlists with real-time quotes, offering essential tools for market monitoring. Both brokers have earned identical ratings of four stars for their mobile trading apps. However, while Pepperstone holds the 21st position in the Mobile Trading Apps category according to ForexBrokers.com, Moneta Markets is ranked 35th out of 63 brokers. This difference may influence a trader's choice, depending on their preference for rankings and features in a competitive trading environment.
| 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 provide solid options for traders seeking daily market commentary and forex news from top-tier sources like Bloomberg and Reuters. Pepperstone shines by offering technical analysis tools from Autochartist and a sentiment-based trading tool that displays ratios of long and short positions across currency pairs. In contrast, Moneta Markets excels with its integration of Trading Central for technical analytics. Both brokers offer an economic calendar to keep traders updated on global market events, although neither provides research from TipRanks or tools from Acuity Trading.
While Pepperstone and Moneta Markets offer comparable resources in many areas, they differ in their overall research ratings. Pepperstone earns a 4.5-star rating, positioning it at #12 out of 63 brokers according to ForexBrokers.com. Moneta Markets, holding a 4-star rating, ranks at #32. Traders looking for more advanced technical analysis tools may prefer Pepperstone, while those interested in Trading Central's offerings might lean towards Moneta Markets. Both brokers offer valuable research capabilities suitable for various trading strategies.
| 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 | 71 |
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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 | 71 | |
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| Review | Pepperstone Review | Moneta Markets Review |
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| Regulation | Pepperstone | Moneta Markets | |
|---|---|---|---|
| Trust Score | 95 | 71 | |
| 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 | 0 | |
| 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) | 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 | 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 | 71 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Moneta Markets Review |
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