Written by ForexBrokers.com
In this head to head comparison of Moneta Markets vs RoboForex, 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.
Moneta Markets and RoboForex are both online brokers established in 2009. Neither of these companies is publicly traded nor operates as a bank. When it comes to regulatory standing, RoboForex holds an edge with one Tier-1 license, which is seen as highly trusted. In contrast, Moneta Markets holds one Tier-2 license, considered trusted, but lacks a Tier-1 license.
According to ForexBrokers.com, Moneta Markets has a Trust Score of 71, categorizing it as an average risk. RoboForex scores slightly higher with a Trust Score of 73, also placing it within the average risk bracket. Although both brokers operate without any Tier-1 licenses, RoboForex's single Tier-1 license and higher trust score suggest a slightly more favorable regulatory environment compared to Moneta Markets.
| Feature |
Moneta Markets
|
RoboForex
|
|---|---|---|
| Year Founded | 2009 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 0 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
Moneta Markets offers three types of trading accounts that cater to different trader preferences and budgets. Their Direct STP account is commission-free but comes with higher spreads for forex trading, averaging 1.38 pips for EUR/USD as of August 2023. For traders seeking tighter spreads, the Prime ECN account averages 0.194 pips with an additional commission of $6 per round-trip lot, resulting in an all-in cost of about 0.79 pips. The Ultra ECN account stands out with a lower commission of $2 per round-trip for those ready to deposit $20,000, aligning its tight spreads below the industry's typical rates. However, overall pricing at Moneta Markets is not among the most competitive in the forex industry.
In comparison, RoboForex offers the Procent and Pro accounts with average spreads of 1.3 pips for the EUR/USD pair, which are considered high. Despite having commission-based and commission-free accounts, RoboForex's higher spreads make its fees less appealing to cost-conscious traders. Thus, for those primarily concerned with trading costs, Moneta Markets provides more attractive options, especially for high-volume traders considering its Ultra ECN account.
When evaluating both brokers on their commissions and fees, Moneta Markets scores 4.5 stars and is ranked #16 out of 63 brokers by ForexBrokers.com. This places it significantly higher than RoboForex, which holds a 3.5-star rating and ranks #55 in the same category. These rankings reflect Moneta Markets’ more favorable fee structure and stronger appeal to a diverse range of traders.
| Feature |
Moneta Markets
|
RoboForex
|
|---|---|---|
| Minimum Deposit | $50 | $100 |
| Average Spread EUR/USD - Standard | 1.38 | 1.3 |
| All-in Cost EUR/USD - Active | 0.79 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the range of investments, Moneta Markets and RoboForex both provide notable options, though there are key differences. Moneta Markets delivers a plethora of 1,016 tradeable symbols, which includes 45 forex pairs, offering investors a solid selection for diversifying their portfolio. Moreover, Moneta Markets supports forex trading through CFDs, ensuring flexibility in trading strategies. However, it does not offer actual exchange-traded securities from either U.S. or international exchanges, nor the option to buy actual cryptocurrency, focusing instead on cryptocurrency derivatives. Additionally, it provides copy trading services, allowing investors to emulate successful trading strategies.
RoboForex, on the other hand, stands out with an impressive 8,400 tradeable symbols, though it offers a smaller variety of 28 forex pairs compared to Moneta Markets. Like its counterpart, RoboForex enables forex trading via CFDs and offers cryptocurrency derivatives instead of actual cryptocurrencies. While RoboForex also doesn't support purchasing exchange-traded securities, its copy trading services remain a strong feature. Rated 4.5 stars and ranked 20th out of 63 brokers by ForexBrokers.com for its range of investments, RoboForex edges out Moneta Markets, which has a 4-star rating and ranks 35th, reflecting a slightly broader scope and appeal in its investment offerings.
| Feature |
Moneta Markets
|
RoboForex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 8400 |
| Forex Pairs (Total) | 45 | 28 |
| 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.
When comparing the trading platforms and tools offered by Moneta Markets and RoboForex, you'll find that both brokers provide a comprehensive set of features to cater to traders' needs. Each offers a rich experience with essential capabilities such as simulated trading via free demo accounts and support for popular platforms like MetaTrader 4 and MetaTrader 5. Both companies also allow trading directly from stock charts and offer Windows-based and web-based platforms. However, one distinction appears in their offerings of additional trading tools: Moneta Markets includes DupliTrade, which RoboForex does not. Their ratings for trading platforms and tools are on par, both earning four stars out of five.
When looking at technical trading tools, Moneta Markets stands out with 78 drawing tools for charting compared to RoboForex's 15, offering users a wider range of options for detailed analysis. The platform's ability to support efficient watch list management is somewhat more modest, with just 4 columns compared to RoboForex's 7, allowing for more extensive personalized market tracking. Despite these differences, Moneta Markets holds a higher ranking on ForexBrokers.com, securing the 33rd spot for trading platforms and tools, while RoboForex ranks 43rd. Both brokers present reliable trading environments, with subtle variances that might appeal differently based on a trader's specific needs.
| Feature |
Moneta Markets
|
RoboForex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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 | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 105 | 30 |
| Charting - Drawing Tools (Total) | 78 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 4 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Moneta Markets and RoboForex offer iPhone and Android apps to cater to their traders' needs, making them accessible for users on both popular mobile platforms. They both provide stock and forex price alerts, allowing traders to stay updated with market fluctuations. However, Moneta Markets provides an edge with the sync feature, ensuring the watchlists you create in their mobile app are synchronized with your online account. This convenience allows for seamless management of your investments, whereas RoboForex lacks this functionality.
When it comes to charting capabilities on their mobile platforms, both brokers offer 30 technical studies, support for drawing trendlines, viewing multiple time frames, and autosaving drawings, which help traders perform in-depth analysis on the go. Additionally, both apps allow users to create watchlists with real-time quotes. Despite these similarities, Moneta Markets' mobile trading app slightly outshines RoboForex's in terms of user ranking, with Moneta Markets sitting at #35 compared to RoboForex's #43 according to ForexBrokers.com. Both apps hold a respectable rating of four out of five stars, indicating a generally satisfactory user experience.
| Feature |
Moneta Markets
|
RoboForex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| 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.
Both Moneta Markets and RoboForex provide valuable daily market commentary and reliable forex news from leading sources like Bloomberg and Reuters, giving traders a strong foundation for making informed decisions. Additionally, both brokers offer technical analysis tools from Trading Central, ensuring their clients have access to detailed market insights. However, a notable difference lies in sentiment analysis tools, where Moneta Markets excels by providing a tool that highlights long and short positions across various instruments—a feature RoboForex does not offer. On the other hand, RoboForex compensates with research tools from Acuity Trading, which are not available with Moneta Markets.
Moneta Markets stands out with its practical integration of various research tools, earning a 4-star rating for research from ForexBrokers.com and ranking 32nd among 63 brokers. In comparison, RoboForex is rated at 3.5 stars and holds the 37th position for research. Both platforms offer economic calendars detailing key global events, but the added sentiment analysis tool from Moneta Markets provides an extra layer of market intelligence not found in RoboForex's offerings. Therefore, for traders interested in leveraging comprehensive market sentiment data, Moneta Markets would be the preferable choice, whereas those seeking enhanced research variety might lean towards RoboForex for its Acuity Trading resources.
| Feature |
Moneta Markets
|
RoboForex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Moneta Markets stands out as a comprehensive educational platform for beginners when compared to RoboForex. It offers an extensive range of resources, including more than 10 educational pieces focused on forex or CFDs and a searchable archive of previously recorded webinars. Moneta Markets also provides over 10 beginner-friendly educational videos, as well as a solid collection of advanced videos for seasoned traders. Additionally, Moneta Markets offers an investor dictionary with definitions of over 50 investment terms, making it a great choice for those new to trading.
On the other hand, RoboForex falls short in comparison. It does not meet the minimum educational resource standard with fewer than 10 educational pieces on forex or CFDs, and it lacks a searchable archive of webinars. Furthermore, RoboForex does not offer a substantial number of beginner or advanced educational videos and does not provide an investor dictionary. Consequently, Moneta Markets receives a higher education rating of 4 stars, ranking 33 out of 63 brokers, while RoboForex is rated 3.5 stars, ranking 56 in the same category.
| Feature |
Moneta Markets
|
RoboForex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Moneta Markets is better than RoboForex. Moneta Markets finished with an overall rank of #35, while RoboForex finished with an overall rank of #46.
Moneta Markets is a new brand under parent company Vantage Group, which offers traders the MetaTrader suite of platforms as well as a basic web and mobile app. While it does support a decent range of third-party features, Moneta Markets has lackluster research and educational offerings, and its pricing is average.
| Feature |
Moneta Markets
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RoboForex
|
|---|---|---|
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| Trust Score | 71 | 73 |
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Both Moneta Markets and RoboForex do not provide the option to buy actual cryptocurrencies but do offer the ability to purchase cryptocurrency derivatives.
Moneta Markets and RoboForex differ in their deposit and withdrawal options, with Moneta Markets supporting Visa, Mastercard, and bank wires, while RoboForex also offers ACH, SEPA transfers, PayPal, Skrill, Visa, Mastercard, and bank wires, providing a more versatile range of transaction methods.
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 | Moneta Markets | RoboForex | |
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| Trust Score | 71 | 73 | |
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| Review | Moneta Markets Review | RoboForex Review |
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| Regulation | Moneta Markets | RoboForex | |
|---|---|---|---|
| Trust Score | 71 | 73 | |
| Year Founded | 2009 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 0 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | Moneta Markets | RoboForex | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | Moneta Markets | RoboForex | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Moneta Markets | RoboForex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1016 | 8400 | |
| Forex Pairs (Total) | 45 | 28 | |
| 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 | Moneta Markets | RoboForex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.38 | 1.3 | |
| All-in Cost EUR/USD - Active | 0.79 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Moneta Markets | RoboForex | |
|---|---|---|---|
| Minimum Deposit | $50 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Moneta Markets | RoboForex | |
|---|---|---|---|
| Proprietary Platform | No | 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 | No | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Moneta Markets | RoboForex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 4 | 7 | |
| Charting - Indicators / Studies (Total) | 105 | 30 | |
| Charting - Drawing Tools (Total) | 78 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Moneta Markets | RoboForex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| 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 | Moneta Markets | RoboForex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Moneta Markets | RoboForex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Moneta Markets | RoboForex | |
|---|---|---|---|
| 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 | Moneta Markets Review | RoboForex Review |
| Overall | Moneta Markets | RoboForex | |
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| Trust Score | 71 | 73 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | RoboForex Review |
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