Written by ForexBrokers.com
In this head to head comparison of Questrade 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.
Established in 2000, Questrade is an online broker that has earned a Trust Score of 86 from ForexBrokers.com. This rating places Questrade in the "trusted" category, demonstrating a solid level of reliability. Though not publicly traded or a bank, Questrade stands out by holding two Tier-1 licenses—which are highly trusted—bolstering its credibility further.
In comparison, Moneta Markets entered the online trading scene in 2009 and holds a Trust Score of 71, indicating an average risk according to ForexBrokers.com. Like Questrade, Moneta Markets is neither publicly traded nor a bank. However, it holds one Tier-2 license, which aligns it with "trusted" status but lacks the Tier-1 licenses that mark higher trust levels. This distinction highlights significant differences in regulatory trust between the two brokers.
| Feature |
Questrade
|
Moneta Markets
|
|---|---|---|
| Year Founded | 2000 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing the commissions and fees of online brokers Questrade and Moneta Markets, key differences emerge. Questrade charges a relatively high target spread of 1.9 pips for the EUR/USD pair, which is considered steep compared to the industry standard. This pricing strategy places Questrade at a disadvantage, as reflected in its modest 3-star rating and ranking of 58 out of 63 brokers in the Commissions and Fees category by ForexBrokers.com.
In contrast, Moneta Markets offers more flexible options with varying accounts tailored to different trading preferences. For commission-based traders, the Prime ECN account offers a competitive all-in cost of approximately 0.79 pips for the EUR/USD pair, alongside a $6 round-trip standard lot commission. The Ultra ECN account improves on this with a $2 round-trip commission, though it requires a higher deposit of $20,000. For those seeking a commission-free option, the Direct STP account has an average spread of 1.38 pips. Despite these offerings, Moneta Markets is still not deemed as competitive as the top forex brokers but enjoys a higher 4.5-star rating and a ranking of 16 out of 63 in the same category.
Overall, Moneta Markets stands out for providing more competitive pricing structures, particularly with its ECN accounts, while Questrade's higher spreads and lower rankings suggest a need for more competitive pricing to attract a wider audience. Both brokers offer distinct advantages depending on the trader's preference for commission structures and spread levels.
| Feature |
Questrade
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | $250 | $50 |
| Average Spread EUR/USD - Standard | N/A | 1.38 |
| All-in Cost EUR/USD - Active | N/A | 0.79 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to investment choices, Questrade and Moneta Markets each bring something unique to the table. Questrade provides a range of 641 tradeable symbols, including exchange-traded securities on both U.S. and international exchanges, allowing investors to purchase shares of major companies like Apple and Vodafone directly. Meanwhile, Moneta Markets offers a larger pool of 1016 tradeable symbols, although it doesn't support direct investment in U.S. or international equities. Both brokers allow for forex trading as CFDs, but Questrade offers a larger selection with 110 forex pairs, compared to Moneta Markets' 45 pairs.
For those interested in cryptocurrencies, neither Questrade nor Moneta Markets allows the purchase of actual cryptocurrencies, but both provide options for trading crypto derivatives. If you prefer copy trading, Moneta Markets offers this feature, whereas Questrade does not. When evaluated for their range of investments, Questrade earns a 5-star rating and ranks #11 out of 63 brokers as per ForexBrokers.com, reflecting its comprehensive offerings. Moneta Markets, although slightly lower with a 4-star rating, presents a diverse range of symbols but ranks at #35, making it a viable choice for traders seeking varied CFD opportunities.
| Feature |
Questrade
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 641 | 1016 |
| Forex Pairs (Total) | 110 | 45 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing Questrade and Moneta Markets in terms of trading platforms and tools, both brokers provide users with the ability to engage in simulated (paper) trading through free virtual demo accounts. Questrade stands out with its proprietary platform, developed in-house, alongside offering both a Windows-based desktop platform and a web-based trading option. While Questrade does not support popular platforms like MetaTrader 4 or 5, it does offer DupliTrade but lacks support for copy trading and ZuluTrade. With 20 drawing tools and 52 fields for watch lists, Questrade ensures a comprehensive charting experience, rated at four stars for its trading platforms and tools.
Moneta Markets, although not providing a proprietary platform, compensates with popular trading solutions such as MetaTrader 4 and 5, and the inclusion of copy trading. In addition to a Windows desktop download, Moneta Markets also offers a web-based platform, ensuring flexibility for traders. While it doesn't offer ZuluTrade, like Questrade, it does provide DupliTrade. Moneta Markets shines with a remarkable 78 drawing tools for charting but only offers four fields for watch lists. Despite these differences, Moneta Markets shares the same four-star rating in trading platforms and tools as Questrade, ranking slightly higher at 33 out of 63 brokers according to ForexBrokers.com.
| Feature |
Questrade
|
Moneta Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | Yes | Yes |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 64 | 105 |
| Charting - Drawing Tools (Total) | 20 | 78 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 52 | 4 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
If you're considering mobile trading platforms, both Questrade and Moneta Markets offer solid options for iPhone and Android users. They provide popular features like stock and forex price alerts, watchlist symbol syncing with your online account, and the ability to draw trendlines on charts. Both apps also allow you to view multiple time frames, such as daily, weekly, or intraday, and they automatically save chart drawings. Creating a watchlist with real-time quotes is a straightforward process on both platforms. However, when it comes to technical charting offerings, Questrade takes the lead with 64 technical studies compared to Moneta Markets' 30.
In terms of user ratings, both Questrade and Moneta Markets scored 4 out of 5 stars for their mobile trading apps. When evaluated by ForexBrokers.com, Questrade ranks slightly higher at #34, just a notch above Moneta Markets at #35 out of 63 brokers. This small difference suggests that while both platforms offer a comparable mobile trading experience, the variety of technical studies available on Questrade's app might appeal more to users who prioritize charting capabilities in their trading activities.
| Feature |
Questrade
|
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 | 64 | 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 Questrade and Moneta Markets, several differences stand out. Moneta Markets provides daily market commentary and forex news from top-tier sources such as Bloomberg and Reuters, while Questrade does not. Moneta Markets also offers a sentiment-based trading tool that displays the ratio of long or short positions across various instruments, a feature Questrade lacks.
On the other hand, Questrade is equipped with technical analysis tools from both Autochartist and Trading Central, whereas Moneta Markets only offers tools from Trading Central. Additionally, Questrade integrates market research from TipRanks, a service not available with Moneta Markets. Both brokers offer economic calendars to track global news events. In terms of ratings, Moneta Markets scores higher with 4 stars compared to Questrade's 3.5 stars, and is ranked #32 by ForexBrokers.com for research, outperforming Questrade's ranking at #51.
| Feature |
Questrade
|
Moneta Markets
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners seeking educational resources in online trading, both Questrade and Moneta Markets offer a solid starting point. Each platform provides at least ten educational pieces focusing on forex and CFDs, ensuring new traders have substantial material to get started. Both also host beginner-friendly videos that cover essential trading topics, although neither hosts live monthly webinars. However, they provide a searchable archive of past webinars for users to watch at their convenience. This makes it easy for beginners who prefer learning at their own pace to find resources tailored to their needs.
When it comes to advanced educational content, Moneta Markets surpasses Questrade by offering more in-depth videos designed for experienced traders. Additionally, Moneta Markets features a comprehensive investor dictionary, providing clear definitions for over 50 investing terms—a feature not available with Questrade. As a result, Moneta Markets receives a higher education rating and ranking, earning 4 stars and a position of #33 out of 63 brokers reviewed by ForexBrokers.com, compared to Questrade's 3.5 stars and #36 rank. Overall, Moneta Markets presents a slightly more diverse and advanced educational offering, making it a better choice for those eager to expand their trading knowledge beyond the basics.
| Feature |
Questrade
|
Moneta Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Questrade is better than Moneta Markets. Questrade finished with an overall rank of #32, while Moneta Markets finished with an overall rank of #35.
Regulated in both the U.S. and Canada, Questrade is a trusted full-service multi-asset broker now offering forex and CFDs alongside its stock trading services for active and passive investors. While its scope of educational resources and in-house research is limited, Questrade has an impressive platform lineup.
| Feature |
Questrade
|
Moneta Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 71 |
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Both Questrade and Moneta Markets provide options for purchasing cryptocurrency derivatives, but neither allows for the acquisition of actual (delivered) cryptocurrency.
Both Questrade and Moneta Markets do not support ACH, SEPA, PayPal, or Skrill for deposits or withdrawals, but they both provide options for bank wires and Visa/Mastercard 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 | Questrade | Moneta Markets | |
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| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | Questrade Review | Moneta Markets Review |
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| Regulation | Questrade | Moneta Markets | |
|---|---|---|---|
| Trust Score | 86 | 71 | |
| Year Founded | 2000 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 0 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Questrade | Moneta Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | Yes | 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 | No |
| Tier-2 Licenses (Trusted) | Questrade | Moneta Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Questrade | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 641 | 1016 | |
| Forex Pairs (Total) | 110 | 45 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | 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). |
| Cost | Questrade | Moneta Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.38 | |
| All-in Cost EUR/USD - Active | N/A | 0.79 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | No | Yes |
| Funding | Questrade | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | $250 | $50 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Questrade | Moneta Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | Yes | Yes | |
| ZuluTrade | No | No |
| Trading Tools | Questrade | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 52 | 4 | |
| Charting - Indicators / Studies (Total) | 64 | 105 | |
| Charting - Drawing Tools (Total) | 20 | 78 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Questrade | 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 | 64 | 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 | Questrade | Moneta Markets | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Questrade | Moneta Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Questrade | 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 | Questrade Review | Moneta Markets Review |
| Overall | Questrade | Moneta Markets | |
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| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | Questrade Review | Moneta Markets Review |
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