Written by ForexBrokers.com
In this head to head comparison of Moneta Markets vs Spreadex, 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, established in 2009, and Spreadex, founded in 1999, are both privately operated online brokers providing services to traders worldwide. Neither company is publicly traded or operates as a bank. In terms of regulatory strength, Moneta Markets holds a highly respected Tier-1 license and an additional Tier-2 license, reflecting its commitment to adhering to industry standards. Spreadex also holds a key Tier-1 license but lacks any Tier-2 licenses, which could be a consideration for those mindful of regulatory coverage.
When evaluated by ForexBrokers.com, Moneta Markets received a Trust Score of 79, indicating an average risk level. Meanwhile, Spreadex was rated at 71, placing it similarly under the average risk category. These scores suggest that while both brokers maintain credible regulatory standing, there are certain differences in their risk levels that traders may need to consider when choosing between them.
| Feature |
Moneta Markets
|
Spreadex
|
|---|---|---|
| Year Founded | 2009 | 1999 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When evaluating Moneta Markets and Spreadex for commissions and fees, traders will find that each broker offers distinct advantages. Moneta Markets provides three account types: the Direct STP, Prime ECN, and Ultra ECN. While the Direct STP account is commission-free, it has pricier spreads, averaging 1.38 pips for the EUR/USD pair in August 2023. The Prime ECN account offers lower spreads at an average of 0.194 pips, with an additional commission of $6 per round-trip standard lot, making it a slightly more cost-effective choice for active traders. The Ultra ECN account offers the most competitive pricing but requires a significant deposit of $20,000, with commissions at $2 per round-turn lot and even tighter spreads. While Moneta Markets earns a commendable 4.5-star rating for its pricing, it ranks 16th among 63 brokers.
On the other hand, Spreadex focuses on simplicity, offering spread-only pricing. For the EUR/USD pair, Spreadex maintains an average spread of 0.81 pips as of January 2024, with spreads dropping to 0.6 pips 60% of the time. While not as varied as Moneta Markets, Spreadex’s streamlined approach appeals to traders looking for straightforward pricing without dealing with commission structures. Featuring a 4-star rating in this category, Spreadex ranks 27th out of 63 brokers.
In summary, Moneta Markets stands out with its range of accounts tailored for traders seeking low spread and commission combinations, particularly for those able to meet higher deposit requirements. Spreadex, meanwhile, offers a straightforward, spread-only model appealing to traders who prefer simplicity. Moneta Markets' slightly higher star rating and industry ranking suggest it offers a competitive edge in commissions and fees, primarily through its Prime and Ultra ECN accounts.
| Feature |
Moneta Markets
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $50 | $0 |
| Average Spread EUR/USD - Standard | 1.38 | 0.81 |
| All-in Cost EUR/USD - Active | 0.79 | N/A |
| Active Trader or VIP Discounts | No | 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.
When comparing Moneta Markets and Spreadex, both platforms provide forex trading through CFDs and spot contracts. While Moneta Markets offers 1,016 tradeable symbols, Spreadex stands out with an impressive 10,000 symbols available for trading. In terms of forex pairs, Spreadex offers a slightly wider selection with 52 pairs, compared to Moneta Markets' offering of 45 pairs. However, neither broker provides the option to trade exchange-traded securities on international or U.S. exchanges, which means investors cannot directly buy stocks like Apple or Vodafone. Despite this, Moneta Markets offers copy trading, an attractive feature for those interested in mimicking the trades of successful investors, while Spreadex does not offer this capability.
Both brokers provide the opportunity to engage in cryptocurrency trading through derivatives rather than purchasing the actual cryptocurrencies. While Moneta Markets is highly rated with four stars for its range of investments, Spreadex takes the lead with a five-star rating in the same category. According to ForexBrokers.com, Moneta Markets ranks 35th and Spreadex ranks 13th out of 63 brokers. This indicates that Spreadex is particularly appealing for those prioritizing the diversity of available investment options. Ultimately, for traders interested in a broader array of tradeable symbols and forex pairs, Spreadex seems to be the more comprehensive option.
| Feature |
Moneta Markets
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 10000 |
| Forex Pairs (Total) | 45 | 52 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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.
Moneta Markets and Spreadex both offer simulated trading through free virtual demo accounts, making it easy for beginners to test their skills before trading real money. However, Moneta Markets provides a wider range of trading platforms and tools. While Spreadex has developed its own proprietary platform, Moneta Markets offers integration with popular platforms like MetaTrader 4 and MetaTrader 5. Moneta Markets also offers a Windows-based desktop download platform, whereas Spreadex does not. Both brokers provide web-based trading, but Moneta Markets stands out by offering copy trading options through services like DupliTrade.
When it comes to charting tools, Moneta Markets takes the lead with a significantly higher number of drawing tools, offering 78 compared to Spreadex's 11. Both brokers allow trading directly from a stock chart, but Moneta Markets has a slight edge in its overall offering. For watch lists, Spreadex provides more columns for customization. Despite these differences, both brokers are rated equally at 4 stars for their trading platforms and tools. However, Moneta Markets ranks higher at #33 compared to Spreadex's #46 in the ForexBrokers.com ranking out of 63 brokers, indicating a slightly more favorable reception overall.
| Feature |
Moneta Markets
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | Yes | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 105 | 58 |
| Charting - Drawing Tools (Total) | 78 | 11 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 4 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Moneta Markets and Spreadex offer mobile trading apps that are available for iPhone and Android devices. These apps allow users to set price alerts for stocks and forex, a feature beneficial for staying updated on market movements. Moneta Markets takes it a step further by providing watchlist symbol syncing, ensuring that any changes made on the mobile app automatically update on the user's online account. In contrast, Spreadex lacks this functionality, which might be a consideration for users who frequently switch between devices. Additionally, Moneta Markets supports more advanced charting features with 30 technical studies and auto-saving of trendline drawings, whereas Spreadex does not specify its technical study offerings and does not offer auto-save for charts.
Both platforms facilitate creating watchlists with real-time quotes and allow viewing charts in multiple time frames, which are essential for detailed market analysis. Both Moneta Markets and Spreadex receive a rating of four out of five stars for their mobile trading apps. However, Moneta Markets holds a higher position in the ForexBrokers.com ranking, coming in at 35th out of 63 brokers, compared to Spreadex's ranking of 46th. This suggests that while both apps are well-regarded, Moneta Markets may offer a slightly more comprehensive mobile trading experience according to industry evaluations.
| Feature |
Moneta Markets
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Moneta Markets and Spreadex both excel in providing comprehensive market insights, offering daily market commentary and top-tier forex news from sources like Bloomberg and Reuters. Both platforms deliver sentiment-based trading tools and maintain economic calendars that track global news events. However, when it comes to technical analysis tools, Spreadex has an edge with access to Autochartist, while Moneta Markets leverages Trading Central's offerings for technical insights.
Despite both brokers being similarly rated with four out of five stars for their research capabilities, Spreadex slightly outperforms Moneta Markets in global rankings, positioned at #31 compared to Moneta Markets at #32 according to ForexBrokers.com. Neither platform currently incorporates research offerings from TipRanks or Acuity Trading, underscoring their focused yet distinctive approach to market research tools.
| Feature |
Moneta Markets
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| 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 comparing the educational resources available to beginners at Moneta Markets and Spreadex, both online brokers provide a solid starting point for those new to forex and CFDs. Both companies offer a minimum of 10 educational pieces, such as articles and videos, focusing on these financial instruments, ensuring that learners have access to ample content. Additionally, they provide at least 10 videos tailored specifically for beginners, helping to simplify complex trading concepts in an approachable manner. However, neither broker offers monthly online webinars for beginners, which might limit real-time interaction and learning opportunities from experienced traders.
Moneta Markets edges ahead slightly with a few additional resources. It boasts a searchable archive of past client webinars, providing an excellent tool for revisiting detailed sessions and reinforcing understanding at a personal pace—something Spreadex currently does not offer. For more advanced learners, Moneta Markets offers a series of advanced educational videos, whereas Spreadex does not. Both brokers provide an investor dictionary to help demystify over 50 trading terms. It’s worth noting that Moneta Markets is ranked higher in the Education category by ForexBrokers.com, at 33rd out of 63 brokers, compared to Spreadex's 45th, despite both holding a respectable four-star rating for educational offerings.
| Feature |
Moneta Markets
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| 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 Moneta Markets is better than Spreadex. Moneta Markets finished with an overall rank of #35, while Spreadex finished with an overall rank of #39.
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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Spreadex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 79 | 71 |
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Both Moneta Markets and Spreadex do not offer the ability to purchase actual delivered cryptocurrency, focusing instead on providing cryptocurrency derivatives to their clients.
Both Moneta Markets and Spreadex do not offer ACH, SEPA, PayPal, or Skrill as options for depositing or withdrawing account funds, but they do provide Visa, Mastercard, and bank wire options.
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 | Spreadex | |
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| Trust Score | 79 | 71 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | Spreadex Review |
| Broker Screenshots | Moneta Markets | Spreadex | |
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| Regulation | Moneta Markets | Spreadex | |
|---|---|---|---|
| Trust Score | 79 | 71 | |
| Year Founded | 2009 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Moneta Markets | Spreadex | |
|---|---|---|---|
| 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) | |||
| 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). | No | No |
| Tier-2 Licenses (Trusted) | Moneta Markets | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| 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) |
| Investments | Moneta Markets | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1016 | 10000 | |
| Forex Pairs (Total) | 45 | 52 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.38 | 0.81 | |
| All-in Cost EUR/USD - Active | 0.79 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Moneta Markets | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $50 | $0 | |
| 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 | Moneta Markets | Spreadex | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Moneta Markets | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 4 | 8 | |
| Charting - Indicators / Studies (Total) | 105 | 58 | |
| Charting - Drawing Tools (Total) | 78 | 11 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Moneta Markets | Spreadex | |
|---|---|---|---|
| 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 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Moneta Markets | Spreadex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Moneta Markets | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Moneta Markets | Spreadex | |
|---|---|---|---|
| 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 | Spreadex Review |
| Overall | Moneta Markets | Spreadex | |
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| Trust Score | 79 | 71 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | Spreadex Review |
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