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 regulatory credentials of Saxo and Moneta Markets, there are clear distinctions that set these brokers apart. Saxo, established in 1992, is a bank and boasts a highly trusted status with a ForexBrokers.com Trust Score of 99 out of 99. Holding seven Tier-1 licenses, Saxo demonstrates its strong regulatory compliance. In contrast, Moneta Markets, founded in 2009, is not a bank and holds no Tier-1 licenses. Its Trust Score is 71, which indicates an average risk according to ForexBrokers.com, placing it in a different league compared to Saxo's impressive profile.
Neither Saxo nor Moneta Markets is publicly traded, adding another layer of consideration for potential investors who may prioritize transparency typically associated with publicly listed companies. While both brokers hold one Tier-2 license each, considered trusted, Saxo's additional regulatory credentials and history as a bank could appeal to those who prioritize regulatory assurance and credibility in the financial markets.
| Feature |
Saxo
|
Moneta Markets
|
|---|---|---|
| Year Founded | 1992 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 0 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing Saxo and Moneta Markets for commissions and fees, Saxo emerges as a leader with a 5-star rating and holds the prestigious 9th spot among 63 brokers according to ForexBrokers.com. Saxo is known for its competitive pricing, especially for high-volume traders. Although the Classic account shows slightly higher average spreads of 1.1 pips on EUR/USD, the Platinum and VIP accounts offer tighter spreads of 1.0 and 0.9 pips, aligning closer to industry standards. The minimum deposit for the Platinum account is $200,000, while the VIP account, designed for elite traders, requires a $1,000,000 deposit or significant trading volume to access the best pricing and exclusive events.
In contrast, Moneta Markets offers a more diverse range of accounts, rated at 4.5 stars and ranked 16th out of 63 brokers for commissions and fees. Its Direct STP account is commission-free but yields higher spreads, with the EUR/USD averaging 1.38 pips. The Prime ECN account offers lower spreads and pairs it with a $6 per round-trip lot commission, leading to an all-in cost of approximately 0.79 pips, which is slightly below the industry average. The Ultra ECN account offers even better conditions with a lower commission of $2 per round-trip for those prepared to invest a minimum of $20,000, although Moneta's overall pricing still trails behind some of the leading forex brokers.
Both brokers cater to different needs. Saxo is ideal for seasoned traders who can leverage its low-cost structure through high volume and significant account balances. On the other hand, Moneta Markets provides flexibility across its account types, although it may not match Saxo's competitive pricing at the higher tiers. Both brokers offer distinctive pricing strategies that can appeal to various trading styles and capital commitments.
| 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 | Yes | 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.
Saxo and Moneta Markets both provide options for forex trading through CFDs or spot contracts, catering to investors interested in currency exchange. Saxo presents an impressive scope with 70,000 tradeable symbols and 190 forex pairs, allowing for a comprehensive trading experience. In contrast, Moneta Markets offers a more streamlined selection, with 1,016 symbols and 45 forex pairs. For those interested in traditional stocks, Saxo permits trading on both U.S. and international exchanges, giving clients the opportunity to buy shares like Apple or Vodafone. Moneta Markets limits its offering to CFDs and does not support trading in exchange-traded securities.
Both brokers support copy trading and offer options for trading cryptocurrency derivatives, but neither allows the purchase of actual cryptocurrencies. Saxo earns a top-tier five-star rating for its range of investments, securing the third rank out of 63 brokers according to ForexBrokers.com. Meanwhile, Moneta Markets receives a commendable four-star rating, ranking 35th. This indicates that while Moneta Markets provides solid investment options, Saxo stands out for its extensive offerings, appealing to traders looking for a wide variety of investment opportunities.
| 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.
When comparing Saxo and Moneta Markets for their trading platforms and tools, both brokers provide a variety of features suitable for traders at all levels. Saxo stands out by offering a proprietary platform developed in-house, which can be accessed via Windows-based desktop or through a web-based interface. In contrast, Moneta Markets utilizes popular third-party platforms, offering both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), along with additional features such as DupliTrade for strategy automation. Both brokers support the use of free virtual demo accounts, allowing traders to practice without risk.
For charting capabilities, Moneta Markets provides an impressive 78 drawing tools compared to Saxo’s 20, although Saxo excels in the richness of watch list customization with 60 fields versus Moneta Markets’ 4. Both platforms allow direct trading from stock charts and support copy trading. Despite Moneta Markets' comprehensive offerings, Saxo receives a higher rating of 5 stars for Trading Platforms and Tools, clearly holding a leading edge in the category, being ranked #1 out of 63 brokers by ForexBrokers.com, whereas Moneta Markets takes the #33 spot with a 4-star rating.
| Feature |
Saxo
|
Moneta Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary 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 | No | 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 | 60 | 4 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing Saxo and Moneta Markets for their mobile trading apps, both offer solid features to keep traders connected on the go. Both Saxo and Moneta Markets provide apps compatible with iPhone and Android, allowing users to execute trades and stay informed from anywhere. Each platform supports useful functionalities like stock and forex price alerts, and watchlist symbol syncing, which synchronizes changes between a user's online account and mobile app. Additionally, both apps enable traders to draw trendlines and view multiple time frames for thorough chart analysis, while ensuring that drawings are automatically saved for future reference.
In terms of advanced charting tools, Saxo edges out Moneta Markets by offering 64 technical studies compared to Moneta Markets' 30. Both apps allow traders to create watchlists with real-time quotes, enhancing their ability to monitor the market effectively. However, when it comes to user ratings and rankings, Saxo stands out with a near-perfect 5-star rating and a #2 ranking out of 63 brokers by ForexBrokers.com for their mobile trading apps. Moneta Markets, while also strong, has a slightly lower 4-star rating and ranks #35. Overall, both apps offer comprehensive trading experiences, but Saxo's app garners higher acclaim for its broader range of charting tools and user satisfaction.
| 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.
When it comes to market research, both Saxo and Moneta Markets provide comprehensive daily market commentary and forex news from top-tier sources such as Bloomberg and Reuters. However, they differ in their offerings for technical analysis tools. Saxo offers advanced tools from Autochartist, whereas Moneta Markets provides resources from Trading Central. Both brokers also feature a sentiment-based trading tool and an economic calendar to keep traders informed on global news events. Neither Saxo nor Moneta Markets currently partners with TipRanks or Acuity Trading for additional research tools.
Despite these similarities, the overall research quality is where Saxo truly stands out. With a stellar 5-star rating, Saxo is recognized as the top broker for research among 63 brokers assessed by ForexBrokers.com. In contrast, Moneta Markets, while still providing valuable research tools, holds a 4-star rating and ranks 32nd on the same list. For traders prioritizing extensive research capabilities, Saxo clearly leads the field, offering a slightly more nuanced and comprehensive suite of resources to inform trading strategies.
| Feature |
Saxo
|
Moneta Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both Saxo and Moneta Markets deliver a wide array of content to help newcomers understand forex and CFDs. Saxo excels by offering more interactive experiences, like their monthly online webinars, which are not available from Moneta Markets. In addition, Saxo provides an investor dictionary with over 50 investing terms, ensuring that beginners have all the tools they need to get started. Both brokers offer at least 10 beginner-friendly videos and a searchable archive of recorded webinars, making it easier for users to access learning materials at their convenience.
Saxo's educational offerings are highly rated, earning a 5-star rating, while Moneta Markets rates at 4 stars. Rankings by ForexBrokers.com further highlight this distinction, with Saxo holding the 13th spot out of 63 brokers for education, whereas Moneta Markets sits at 33rd. This indicates Saxo's commitment to providing premium educational support for both novice and experienced traders. If you are seeking comprehensive learning resources, Saxo's platform tends to stand out in terms of both quality and variety, subsequently earning higher marks in the education category.
| Feature |
Saxo
|
Moneta Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
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
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|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 71 |
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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 | 71 | |
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| Review | Saxo Review | Moneta Markets Review |
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| Regulation | Saxo | Moneta Markets | |
|---|---|---|---|
| Trust Score | 99 | 71 | |
| 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 | 0 | |
| 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 | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| 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) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| 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 | Yes | No | |
| 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 | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Saxo | Moneta Markets | |
|---|---|---|---|
| Proprietary 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 | No | Yes | |
| ZuluTrade | No | No |
| Trading Tools | Saxo | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 60 | 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 | 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 | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | Moneta Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| 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 | 71 | |
| Winner | check_circle | ||
| Review | Saxo Review | Moneta Markets Review |
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