Written by ForexBrokers.com
In this head to head comparison of Saxo 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.
When comparing the online brokers Saxo and Moneta Markets, several factors stand out, particularly in terms of trust and regulation. Saxo, established in 1992, holds a top-tier ForexBrokers.com Trust Score of 99, indicating a high level of trust. This is bolstered by its status as a bank and its possession of seven Tier-1 licenses, which are the highest level of regulatory approval. In contrast, Moneta Markets, founded in 2009, carries a Trust Score of 79, placing it in the average risk category. It holds one Tier-1 license, demonstrating some regulatory credibility, but it does not have the same depth of oversight as Saxo.
Neither Saxo nor Moneta Markets is a publicly traded company, which may impact transparency levels compared to publicly listed entities. While Saxo operates as a bank, providing some additional layers of financial stability, Moneta Markets does not share this designation. Both brokers hold one Tier-2 license, ensuring a basic level of trustworthiness. Choosing between these two may depend on your preference for a highly trusted and older institution like Saxo, or a newer, average-risk participant such as Moneta Markets.
| Feature |
Saxo
|
Moneta Markets
|
|---|---|---|
| Year Founded | 1992 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Saxo earns 5 stars for commissions and fees (ranked #9 of 63), while Moneta Markets earns 4.5 stars (ranked #17 of 63). Both brokers can be cost-effective, but they get there in different ways: Saxo leans on tight, spread-only forex pricing that gets better with higher account tiers and larger balances, whereas Moneta Markets offers a choice between a simple spread-only STP account and low-commission ECN accounts.
For Saxo, forex trading is commission-free; however, if you trade under 50,000 units per month (half a standard lot), there’s a $3 per side ticket fee. As of November 2023, average EUR/USD spreads were 1.1 pips (Classic), 1.0 (Platinum), and 0.9 (VIP), with minimums about 0.2 pips lower. The Classic account now has a $0 minimum deposit, while Platinum requires $200,000 (AUD 300,000 in Australia) and VIP requires $1,000,000 or qualifying via Saxo’s loyalty program (for example, roughly $40M in annual FX volume for Platinum and $167M for VIP). Saxo also waives share-trading custody fees if you opt into securities lending.
Moneta Markets’ Direct STP account is commission-free with an average EUR/USD spread of 1.38 pips (August 2023). Its Prime ECN account averaged 0.194 pips plus a $3-per-side commission per 100k traded ($6 round trip), for an all-in cost around 0.79 pips—slightly below the industry average. The Ultra ECN account tightens costs further with a $2 round-trip commission ($1 per side) but requires a $20,000 deposit. In practice, Saxo’s Classic spread was lower than Moneta’s STP average in the periods cited, while higher-deposit traders can compare Saxo’s spread-only Platinum/VIP tiers to Moneta’s ECN-plus-commission structure.
| Feature |
Saxo
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | 1.1 | 1.38 |
| All-in Cost EUR/USD - Active | 0.9 | 0.79 |
| Active Trader or VIP Discounts [DELETED] | ||
| Non-wire bank transfer | 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.
Saxo offers one of the widest ranges available, with 70,000 tradeable symbols and 190 forex pairs, while Moneta Markets lists 1,016 symbols and 45 forex pairs. Both brokers let you trade forex as CFDs or spot contracts, and both support copy trading if you want to mirror other traders. In short, Saxo caters to market explorers seeking lots of choice, while Moneta Markets covers the basics.
Saxo also lets you buy real, exchange-traded shares in the U.S. and abroad (for example, Apple on NASDAQ and Vodafone on the London Stock Exchange), not just CFDs. Moneta Markets does not offer real share dealing. For crypto, neither broker lets you buy actual coins, but both provide cryptocurrency derivatives. Reflecting this coverage, ForexBrokers.com rates Saxo 5/5 for Range of Investments (ranked #3 of 63), versus Moneta Markets at 4/5 (ranked #36 of 63).
| Feature |
Saxo
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 1016 |
| Forex Pairs (Total) | 190 | 45 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | 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.
Saxo and Moneta Markets both make it easy to get started with a free demo account, offer web and Windows desktop platforms, support copy trading, and let you place trades directly from charts. The key difference lies in platform choice: Saxo provides its own in-house platform, while Moneta Markets does not have a proprietary platform but supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5). If you want MT4 or MT5, Moneta Markets is the fit; if you prefer a broker-built platform experience, Saxo stands out.
Independent ratings reflect this split. For Trading Platforms and Tools, ForexBrokers.com rates Saxo 5 out of 5 stars and ranks it #1 out of 63 brokers, while Moneta Markets earns 4 out of 5 stars and ranks #34. In short, choose Saxo for a high-rated, broker-designed platform, or choose Moneta Markets if MetaTrader compatibility is your priority.
| Feature |
Saxo
|
Moneta Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade [DELETED] | ||
| ZuluTrade [DELETED] | ||
| Charting - Indicators / Studies (Total) | 64 | 105 |
| Charting - Drawing Tools (Total) [DELETED] | ||
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields [DELETED] |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Saxo and Moneta Markets offer user-friendly mobile trading apps available for iPhone and Android devices, providing traders with vital features like stock and forex price alerts, the ability to create real-time watchlists, and syncing watchlists with online accounts for seamless management. Traders can draw trendlines and view charts across multiple time frames, while both apps save chart drawings automatically, ensuring your technical analysis remains intact.
Despite these similarities, Saxo sets itself apart with its deeper charting capabilities, offering 64 technical studies compared to Moneta Markets' 30. This likely contributes to Saxo's higher user ratings, earning a 5-star app score and placing second out of 63 brokers in mobile app rankings by ForexBrokers.com. In contrast, Moneta Markets received a 4-star rating, holding the 36th position. Whether you're a casual trader or a tech-savvy investor, these distinctions might guide your choice in selecting the most suitable trading companion.
| Feature |
Saxo
|
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.
If you’re comparing Saxo vs Moneta Markets for market research, both brokers publish daily market commentary and stream forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones. Each offers an economic calendar and a sentiment tool that shows the balance of long vs. short positions. The main difference is in third-party tools: Saxo includes Autochartist for trade ideas and chart patterns, while Moneta Markets does not. In turn, Moneta Markets provides Trading Central analysis, which Saxo doesn’t. Neither broker integrates TipRanks or Acuity Trading.
For overall research quality, ForexBrokers.com rates Saxo 5 stars and ranks it #1 out of 63 brokers, while Moneta Markets earns 4 stars and ranks #33. Choose Saxo if you want top-rated research with premium news and Autochartist; pick Moneta Markets if Trading Central’s signals are a priority for your workflow.
| Feature |
Saxo
|
Moneta Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Saxo and Moneta Markets both cater to beginners with at least 10 starter-friendly trading videos, and each also provides 10+ advanced videos for when you’re ready to go deeper. Saxo hosts online educational webinars at least once per month, while Moneta Markets does not. It isn’t specified whether either broker offers a 10+ piece library focused specifically on forex or CFDs, so you may want to verify that on their sites.
Details about searchable webinar archives and investor dictionaries aren’t provided for either broker. For overall quality, Saxo earns 5 stars for Education and ranks 13th out of 63 brokers on ForexBrokers.com, whereas Moneta Markets earns 4 stars and ranks 33rd. If live learning matters to you, Saxo’s ongoing webinars are a clear plus; if you mainly want beginner and advanced video lessons, both brokers can help. Check each broker’s website for current information on archives, glossaries, and forex/CFD education libraries.
| Feature |
Saxo
|
Moneta Markets
|
|---|---|---|
| Education (Forex or CFDs) | ||
| Webinars | Yes | No |
| Client Webinars (Archived) [DELETED] | ||
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) [DELETED] |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Saxo is better than Moneta Markets. Saxo finished with an overall rank of #3, while Moneta Markets finished with an overall rank of #35.
Saxo is an exclusive multi-asset broker with brilliant research and a superb trading platform experience – as well as a stunning selection of over 40,000 securities.
| Feature |
Saxo
|
Moneta Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 79 |
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Both Saxo and Moneta Markets do not allow the purchase of actual delivered cryptocurrencies, but they do offer the ability to buy cryptocurrency derivatives.
Both Saxo and Moneta Markets offer Visa, Mastercard, and bank wire options for depositing and withdrawing account funds, but neither platform supports ACH, SEPA, PayPal, or Skrill transfers.
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 | Saxo | Moneta Markets | |
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| Trust Score | 99 | 79 | |
| Winner | check_circle | ||
| Review | Saxo Review | Moneta Markets Review |
| Broker Screenshots | Saxo | Moneta Markets | |
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| Regulation | Saxo | Moneta Markets | |
|---|---|---|---|
| Trust Score | 99 | 79 | |
| Year Founded | 1992 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Saxo | Moneta Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| 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) | Saxo | Moneta Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Saxo | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 1016 | |
| Forex Pairs (Total) | 190 | 45 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | Saxo | Moneta Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | 1.38 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.79 | |
| Active Trader or VIP Discounts [DELETED] | |||
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Saxo | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | Saxo | Moneta Markets | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade [DELETED] | |||
| ZuluTrade [DELETED] |
| Trading Tools | Saxo | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields [DELETED] | |||
| Charting - Indicators / Studies (Total) | 64 | 105 | |
| Charting - Drawing Tools (Total) [DELETED] | |||
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo | 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 | Saxo | 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 | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | Moneta Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | |||
| Webinars | Yes | No | |
| Client Webinars (Archived) [DELETED] | |||
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) [DELETED] |
| Major Forex Pairs | Saxo | 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 | Saxo Review | Moneta Markets Review |
| Overall | Saxo | Moneta Markets | |
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| Trust Score | 99 | 79 | |
| Winner | check_circle | ||
| Review | Saxo Review | Moneta Markets Review |
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