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.
Founded in 2000, Questrade stands as a well-established online broker with a strong regulatory background. It holds two highly trusted Tier-1 licenses, signifying a strong level of trust and confidence. Though not publicly traded or a bank, Questrade's strong ForexBrokers.com Trust Score of 86 indicates that it is a trusted choice among investors. Overall, its regulatory standing and long presence in the market make it a reliable option for those considering online brokers.
Moneta Markets, founded in 2009, is a newer entrant in the online brokerage space. Holding one Tier-1 and one Tier-2 license, this company gives investors a tangible sense of security, although slightly lower than its counterpart, Questrade, with a ForexBrokers.com Trust Score of 79. While not publicly traded or a bank either, Moneta Markets offers a decent level of trust. However, potential investors might find its higher risk level worth considering if comparing deeply with Questrade.
| Feature |
Questrade
|
Moneta Markets
|
|---|---|---|
| Year Founded | 2000 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Comparing commissions and fees, Moneta Markets generally offers more ways to lower trading costs than Questrade. Questrade’s target spread on EUR/USD sits at 1.9 pips, which is high versus the industry average (3/5 stars; ranked #59 of 63 for Commissions and Fees). Moneta Markets, by contrast, provides three account types designed for different budgets and pricing preferences (4.5/5 stars; ranked #17 of 63).
Questrade keeps pricing simple with spread-only forex pricing, but its EUR/USD target spread of 1.9 pips is on the steep side, making it less attractive for active currency traders focused on tight costs.
Moneta Markets’ Direct STP account is commission-free, with an average EUR/USD spread of 1.38 pips (Aug 2023). Its Prime ECN account is commission-based, averaging 0.194 pips on EUR/USD plus $6 per round trip per standard lot, for an all-in cost near 0.79 pips—slightly below the industry average. The Ultra ECN account cuts commission to $2 per round trip ($1 per side) but requires a $20,000 deposit; spreads are tighter here, yet overall pricing still trails the very cheapest brokers.
| Feature |
Questrade
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | $250 | $50 |
| Average spread (EUR/USD) - Standard account | N/A | 1.38 |
| All-in Cost EUR/USD - Active | N/A | 0.79 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | |
| Skrill (Deposit/Withdraw) | No | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Questrade vs. Moneta Markets: For range of investments, Moneta Markets lists 1,016 tradeable symbols, more than Questrade’s 641. Both support forex trading, but Questrade offers a larger currency lineup with 110 forex pairs versus 45 at Moneta Markets. Each broker also lets you speculate on digital assets through cryptocurrency CFDs, but neither lets you buy and take delivery of actual coins.
Questrade stands out if you want access to real, exchange-traded securities: you can buy U.S. stocks like Apple and international shares such as Vodafone. Moneta Markets does not offer exchange-traded shares and instead focuses on CFDs, while adding copy trading that Questrade lacks. Reflecting these differences, ForexBrokers.com rates Questrade 5 stars for Range of Investments and ranks it 12th out of 63 brokers; Moneta Markets earns 4 stars and ranks 36th.
| Feature |
Questrade
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 641 | 1016 |
| Forex Pairs (Total) | 110 | 45 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | 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). |
Dive deeper: Best Copy Trading Platforms.
Questrade and Moneta Markets both offer free paper trading demos, web platforms, Windows desktop downloads, and the ability to place trades directly from charts. The big differences are in platform choices: Questrade provides its own in-house platform but does not support MetaTrader. Moneta Markets does not have a proprietary platform, yet it supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) and also offers copy trading, which Questrade does not.
For Trading Platforms and Tools, both brokers earn 4 stars. In ForexBrokers.com’s rankings out of 63 brokers, Moneta Markets is #34 and Questrade is #35. Specific counts for technical indicators and watchlist columns were not provided. In short, pick Questrade if you want a broker-built platform experience, or choose Moneta Markets if you prefer MT4/MT5 and copy trading.
| Feature |
Questrade
|
Moneta Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 64 | 105 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Questrade and Moneta Markets both offer mobile trading apps for iPhone and Android. Each app includes price alerts, watchlist syncing between mobile and web, and handy charting tools like trendlines with drawings that auto-save. Whether you trade stocks or forex, you can keep tabs on the market and pick up where you left off across devices.
The main difference is charting depth. The Questrade mobile app provides 64 technical studies, while the Moneta Markets app offers 30. Even so, both earned a 4-star Mobile Trading Apps rating. In ForexBrokers.com’s comparison of 63 brokers, Questrade ranked #35 and Moneta Markets ranked #36. If you want more built-in indicators for analysis, Questrade has the edge; if you just need the essentials with the same star rating, Moneta Markets is a solid alternative.
| Feature |
Questrade
|
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 | 64 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Questrade vs Moneta Markets: for market research, Moneta Markets has the edge with a 4-star rating and a #33 ranking from ForexBrokers.com, compared with Questrade’s 3.5 stars and #52 ranking. Moneta Markets delivers daily market commentary, top-tier forex news (e.g., Bloomberg/Reuters/Dow Jones), Trading Central tools, a sentiment gauge showing long/short positioning, and an economic calendar. Questrade counters with Autochartist, Trading Central, TipRanks research, and an economic calendar, but it does not include daily commentary or a sentiment tool. Access to top-tier forex news for Questrade isn’t specified here.
If you want frequent updates and news-driven trading ideas, Moneta Markets’ commentary, news feed, and sentiment data make it appealing for active forex traders. If you prefer structured analysis and stock-focused insights, Questrade’s mix of Autochartist, Trading Central, and TipRanks can be helpful. Neither broker lists Acuity Trading tools. Overall, Moneta Markets offers more built-in news and sentiment features, while Questrade leans on third-party analysis add-ons.
| Feature |
Questrade
|
Moneta Markets
|
|---|---|---|
| Daily Market Commentary (Articles) | No | Yes |
| Forex News (Top-Tier Sources) | Yes | |
| Autochartist | Yes | No |
| Trading Central | Yes | Yes |
| Client sentiment data | No | Yes |
| TipRanks | Yes | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Questrade vs Moneta Markets for beginner education: both brokers provide at least ten beginner-friendly trading videos that explain core concepts in a clear, simple way. Neither hosts monthly educational webinars, so most learning is self-paced. Moneta Markets adds depth with ten-plus advanced videos to help you progress, while Questrade’s advanced catalog is more limited. Reflecting this, Moneta Markets earns 4.0 stars for Education and ranks #33 of 63 at ForexBrokers.com, edging Questrade’s 3.5-star score and #36 ranking.
If you’re just starting out, either broker can help you build a foundation through on-demand videos. If you want a larger path from beginner to intermediate and beyond—especially for forex and CFDs—Moneta Markets has the advantage. If your focus is mainly on beginner topics and platform basics, Questrade fits well. Since both lack regular webinars, expect to rely on videos and other on-site materials for your learning plan.
| Feature |
Questrade
|
Moneta Markets
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | 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 |
|
|
| Trust Score | 86 | 79 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Online brokers Questrade and Moneta Markets do not allow buying actual (delivered) cryptocurrency, but both offer trading in cryptocurrency CFDs.
Questrade vs Moneta Markets: for deposits and withdrawals, neither online broker supports ACH or SEPA; Questrade does not support PayPal or Skrill and is confirmed to allow bank wire transfers (Visa/Mastercard unspecified), while Moneta Markets’ availability of PayPal, Skrill, Visa/Mastercard, and bank wire 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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Questrade | Moneta Markets | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 86 | 79 | |
| Winner | check_circle | ||
| Review | Questrade Review | Moneta Markets Review |
| Broker Screenshots | Questrade | Moneta Markets | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| Regulation | Questrade | Moneta Markets | |
|---|---|---|---|
| Trust Score | 86 | 79 | |
| 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 | 1 | |
| 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 | ||
| 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 | ||
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| 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 | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | Questrade | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 641 | 1016 | |
| Forex Pairs (Total) | 110 | 45 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | 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). |
| Cost | Questrade | Moneta Markets | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | 1.38 | |
| All-in Cost EUR/USD - Active | N/A | 0.79 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | No | Yes |
| Funding | Questrade | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | $250 | $50 | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | No | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | Questrade | Moneta Markets | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Questrade | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 64 | 105 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 64 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Questrade | Moneta Markets | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | ||
| Autochartist | Yes | No | |
| Trading Central | Yes | Yes | |
| TipRanks | Yes | No | |
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Questrade | Moneta Markets | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | Questrade | 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 | Questrade Review | Moneta Markets Review |
| Overall | Questrade | Moneta Markets | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 86 | 79 | |
| Winner | check_circle | ||
| Review | Questrade Review | Moneta Markets Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill