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.
Questrade, founded in 2000, is a well-regarded online broker in the financial market. It holds a commendable Trust Score of 86 out of 99 from ForexBrokers.com, placing it in the "trusted" category. This Canadian platform is not a publicly traded company nor a bank, but it reinforces trust with two Tier-1 licenses, underscoring its commitment to stringent regulatory standards and client security.
In comparison, Moneta Markets, established in 2009, offers services with a Trust Score of 71, categorized as average risk by ForexBrokers.com. This broker is also not publicly traded or classified as a bank. Moneta Markets holds one Tier-2 license but lacks Tier-1 accreditations. While both brokers have carved niches in the industry, Questrade stands out with a higher trust rating and greater regulatory coverage.
| Feature |
Questrade
|
Moneta Markets
|
|---|---|---|
| Year Founded | 2000 | 2009 |
| Publicly Traded (Listed) | ||
| Bank | ||
| 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 | ||
| ACH or SEPA Transfers | ||
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | ||
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Questrade to Moneta Markets in terms of their range of investments, both platforms cater to forex traders but differ in several areas. Questrade offers 641 tradeable symbols and excels in providing access to a significant number of forex pairs, offering 110 pairs compared to Moneta Markets' 45. In addition, Questrade allows investors to trade exchange-traded securities on U.S. and international exchanges, enabling clients to buy shares like Apple on the NASDAQ or Vodafone on the London Stock Exchange. However, Questrade does not facilitate copy trading, although it does provide access to cryptocurrency derivatives.
On the other hand, Moneta Markets presents a broader selection with 1,016 tradeable symbols and does support copy trading, attracting traders interested in this social trading feature. However, it lacks direct access to exchange-traded securities on U.S. and international exchanges. While both brokers permit trading in cryptocurrency derivatives, neither supports the purchase of actual cryptocurrencies. In ForexBrokers.com's rankings for Range of Investments, Questrade is rated higher at #11 with a 5-star rating, while Moneta Markets is positioned at #35 with a 4-star rating, highlighting Questrade's slightly more comprehensive range of investment options.
| 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 | |
| Int'l Stock Trading (Non CFD) | Yes | |
| Social Trading / Copy Trading | Yes | |
| Cryptocurrency (Physical) | ||
| 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 the trading platforms and tools of Questrade and Moneta Markets, both offer simulated trading through free virtual demo accounts, providing a risk-free environment for users to practice trading strategies. Each broker supports a Windows-based desktop platform and a web-based trading platform for easy access from various devices. Questrade boasts its own proprietary platform developed in-house, whereas Moneta Markets stands out with popular platforms MetaTrader 4 and 5 that cater to advanced trading needs. Additionally, Moneta Markets supports copy trading, offering wider options for traders looking to mirror successful strategies.
In terms of charting tools, Moneta Markets provides a significant selection with 78 drawing tools, compared to Questrade's 20. However, Questrade leads with a more detailed watch list feature offering 52 columns, versus Moneta Markets' 4, which allows for more comprehensive stock tracking. Both platforms enable trading directly from stock charts and offer DupliTrade functionality. Despite some differences, both Questrade and Moneta Markets are similarly rated with 4 out of 5 stars for their trading platforms and tools, indicating a satisfactory level of service. In rankings by ForexBrokers.com, Moneta Markets slightly edges out Questrade, placing 33rd compared to Questrade's 34th position among 63 brokers assessed.
| Feature |
Questrade
|
Moneta Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | |
| MetaTrader 4 (MT4) | Yes | |
| MetaTrader 5 (MT5) | Yes | |
| DupliTrade | Yes | Yes |
| ZuluTrade | ||
| 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 it comes to market research, Moneta Markets and Questrade both offer unique features that cater to different investor needs. Moneta Markets provides daily market commentary and forex news from top-tier sources like Bloomberg and Reuters, offering traders timely updates and insights. Additionally, they offer a sentiment-based trading tool that helps investors see the trading positions of others, which can be a plus for understanding market trends and investor sentiment. Moneta Markets also features Technical Analytics from Trading Central, and its economic calendar ensures that traders stay informed about global news events. Despite lacking some tools, Moneta Markets boasts a higher research rating of 4 stars.
On the other hand, Questrade focuses on delivering strong technical analysis tools, offering resources from both Autochartist and Trading Central. They also provide market research from TipRanks, granting investors access to analyst opinions and forecasts. While Questrade does not offer daily market commentary or forex news from leading sources, it also includes a comprehensive economic calendar. However, with a research rating of 3.5 stars, Questrade offers fewer real-time insights compared to Moneta Markets and is ranked lower for research by ForexBrokers.com. Each broker brings its own strengths, allowing traders to choose based on their specific research needs and preferences.
| Feature |
Questrade
|
Moneta Markets
|
|---|---|---|
| Daily Market Commentary | Yes | |
| Forex News (Top-Tier Sources) | Yes | |
| Autochartist | Yes | |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | |
| TipRanks | Yes | |
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing educational resources for beginners, both Questrade and Moneta Markets provide foundational learning materials, but with some differences in depth and accessibility. Questrade offers a solid range of educational content, including over 10 pieces focused on forex and CFDs, and a searchable archive of past client webinars. Additionally, Questrade provides a good selection of beginner-focused videos to help new traders grasp basic concepts. However, Questrade does not offer regular online webinars or access to advanced educational videos, and they lack an investor dictionary with a broad range of terms. As a result, Questrade holds a 3.5-star rating for education. They rank 36th out of 63 in the education category according to ForexBrokers.com.
In contrast, Moneta Markets also fulfills the basic requirement of offering 10 or more forex and CFDs educational pieces, featuring monthly webinars. Their commitment to beginner education matches Questrade with at least 10 beginner-specific videos available. Moneta Markets excels further by providing advanced video content and an investor dictionary with an extensive list of terms, which enhances a learner’s experience. With this array of resources, Moneta Markets achieves a slightly better educational offering, reflected in a 4-star rating. They rank 33rd out of 63 brokers, as found by ForexBrokers.com. Beginners seeking comprehensive educational support may find Moneta Markets a more inclusive choice for advancing their trading skills.
| Feature |
Questrade
|
Moneta Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | ||
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | |
| Investor Dictionary (Glossary) | 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
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Moneta Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 71 |
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While both Questrade and Moneta Markets provide access to cryptocurrency derivatives, neither platform offers the ability to purchase actual (delivered) cryptocurrency directly.
Both Questrade and Moneta Markets support Visa or Mastercard and bank wires for depositing and withdrawing account funds, but neither offers ACH, SEPA, PayPal, or Skrill as options for these 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 |
| Broker Screenshots | Questrade | Moneta Markets | |
|---|---|---|---|
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| Regulation | Questrade | Moneta Markets | |
|---|---|---|---|
| Trust Score | 86 | 71 | |
| Year Founded | 2000 | 2009 | |
| Publicly Traded (Listed) | |||
| Bank | |||
| Regulated in one or more EU or EEA countries (MiFID). | |||
| 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) | |||
| Canada (CIRO Authorised) | Yes | ||
| Hong Kong (SFC Authorised) | |||
| Japan (SFC Authorised) | |||
| Singapore (MAS Authorised) | |||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | |||
| USA (CFTC Authorized) | |||
| New Zealand (FMA Authorised) | |||
| Regulated in one or more EU or EEA countries (MiFID). |
| Tier-2 Licenses (Trusted) | Questrade | Moneta Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | |||
| South Africa (FSCA Authorised) | Yes | ||
| UAE (DFSA/Central Bank Authorised) | |||
| India (SEBI Authorised) | |||
| Jordan (JSC Authorised) |
| 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 | ||
| Int'l Stock Trading (Non CFD) | Yes | ||
| Social Trading / Copy Trading | Yes | ||
| Cryptocurrency (Physical) | |||
| 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 | |||
| Inactivity Fee | |||
| Execution: Agency Broker | Yes | ||
| Execution: Market Maker | Yes |
| Funding | Questrade | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | $250 | $50 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers |
| Trading Platforms | Questrade | Moneta Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | ||
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | ||
| MetaTrader 4 (MT4) | Yes | ||
| MetaTrader 5 (MT5) | Yes | ||
| cTrader | |||
| DupliTrade | Yes | Yes | |
| ZuluTrade |
| 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 | Yes | ||
| Forex News (Top-Tier Sources) | Yes | ||
| Autochartist | Yes | ||
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | ||
| Social Sentiment - Currency Pairs | Yes | ||
| Economic Calendar | Yes | Yes |
| Education | Questrade | Moneta Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | |||
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | ||
| Investor Dictionary (Glossary) | 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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