Written by ForexBrokers.com
In this head to head comparison of Moneta Markets vs TeleTrade, 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 evaluating the regulatory credentials of online brokers, Moneta Markets and TeleTrade offer distinct profiles. Moneta Markets, established in 2009, holds one Tier-1 license and one Tier-2 license, suggesting a commitment to maintaining a trusted operational framework. TeleTrade, on the other hand, was founded in 1994 and is equipped with one Tier-1 license but lacks a Tier-2 license. Both brokers are not publicly traded companies, nor are they banks, which is common in the industry.
According to ForexBrokers.com ratings, Moneta Markets has a Trust Score of 72, while TeleTrade comes in slightly lower at 71. These scores place the brokers within the average risk category, emphasizing the importance of due diligence when selecting a brokerage partner. For traders seeking a balance between experience and regulatory standing, both brokers present viable options, though potential clients may find Moneta Markets' additional Tier-2 license appealing.
| Feature |
Moneta Markets
|
TeleTrade
|
|---|---|---|
| Year Founded | 2009 | 1994 |
| 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 |
Moneta Markets and TeleTrade offer different experiences when it comes to trading costs, influenced largely by their commissions and fees structures. Moneta Markets provides three account options: the commission-free Direct STP account, and the commission-based Prime ECN and Ultra ECN accounts. The Direct STP account is commission-free, but comes with higher spreads, such as an average of 1.38 pips on the EUR/USD pair as of August 2023. The Prime ECN account is more competitive with an overall trading cost of around 0.79 pips, combining a tighter average spread of 0.194 pips with a $6 commission per round-trip standard lot. The Ultra ECN account further lowers costs, charging merely $2 per round trip, but requires a hefty $20,000 deposit. Moneta Markets is recognized with a 4.5-star rating for their commissions and fees, placing them at an impressive #16 among the top 62 brokers assessed.
On the other hand, TeleTrade's costs assessment is limited by the unavailability of average spread data. Despite this, they manage a 4-star rating in the commissions and fees category, with a ranking of #46 out of 62. This suggests that while TeleTrade provides a reliable experience, it doesn't quite reach the same cost-effectiveness or competitive edge that Moneta Markets presents through its varied and tailored account types.
In summary, Moneta Markets appears to offer a more flexible pricing structure, particularly advantageous for traders who are prepared to meet the higher deposit requirements of their Ultra ECN account or who appreciate the balance of costs in the Prime ECN account. Meanwhile, TeleTrade offers dependable service but lacks the detailed spread data that would give a clearer picture of its trading costs relative to Moneta Markets.
| Feature |
Moneta Markets
|
TeleTrade
|
|---|---|---|
| Minimum Deposit | $50 | $100 |
| Average Spread EUR/USD - Standard | 1.38 | N/A |
| All-in Cost EUR/USD - Active | 0.79 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| 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 comparing Moneta Markets and TeleTrade, both brokers provide forex trading options as CFDs or spot contracts, offering diverse opportunities for traders to engage with currency pairs. Moneta Markets presents a larger selection of tradeable symbols, boasting a total of 1016 compared to TeleTrade's 500. In terms of tradeable forex pairs specifically, TeleTrade offers a few more options with 61, while Moneta Markets provides 54. However, neither broker offers the ability to purchase actual exchange-traded securities on U.S. or international exchanges, limiting investments to CFDs and derivatives. Both platforms enable copy trading and offer cryptocurrency derivatives, although they don't support the buying of actual cryptocurrencies.
Moneta Markets has gained a slightly higher rating for its range of investments, receiving 4 stars, compared to TeleTrade's 3.5 stars. This reflects in their respective rankings by ForexBrokers.com, where Moneta Markets stands at #35 out of 62 brokers, while TeleTrade is positioned at #45. In evaluating the range of investments, Moneta Markets holds a slight edge with its broader selection of tradeable symbols and superior institutional ranking, though preferences in forex pairs and trading styles may guide individual choices.
| Feature |
Moneta Markets
|
TeleTrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 500 |
| Forex Pairs (Total) | 54 | 61 |
| 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.
Moneta Markets and TeleTrade offer similar trading platforms and tools, catering to both beginner and experienced traders. Both brokers provide free virtual demo accounts, allowing users to practice trading without financial risk. They also support MetaTrader 4 and MetaTrader 5, popular platforms known for their comprehensive features. In addition, each broker offers a Windows-based desktop platform and a web-based platform, ensuring accessibility across different devices. For those interested in social trading, both brokers facilitate copy trading and integrate with ZuluTrade. Notably, neither broker has developed their own proprietary trading platform or supports DupliTrade.
Despite these similarities, there are some key differences between Moneta Markets and TeleTrade. Moneta Markets offers more drawing tools for charting, with 78 options compared to TeleTrade's 15. Meanwhile, TeleTrade provides more columns for customizing watch lists, offering seven fields versus Moneta Markets' four. Both brokers allow trading directly from stock charts and have earned a respectable four-star rating for their trading platforms and tools. However, Moneta Markets ranks higher at #33 in ForexBrokers.com’s list compared to TeleTrade's #51, suggesting a slight edge in overall user satisfaction with their trading offerings.
| Feature |
Moneta Markets
|
TeleTrade
|
|---|---|---|
| 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 | No | No |
| ZuluTrade | Yes | Yes |
| Charting - Indicators / Studies (Total) | 105 | 35 |
| 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.
When comparing the mobile trading apps of Moneta Markets and TeleTrade, both offer apps compatible with iPhone and Android devices, allowing traders to stay connected on the go. Each platform supports stock and forex price alerts, keeping users informed of market changes in real-time. While Moneta Markets and TeleTrade both provide real-time quote watchlists, Moneta Markets takes a step further by offering watchlist symbol syncing. This feature syncs any changes made in the mobile app with the user's online account, a capability TeleTrade lacks.
On the charting front, both Moneta Markets and TeleTrade equip traders with the ability to draw trendlines and view multiple timeframes, and they auto-save chart drawings for convenience. Moneta Markets offers 30 technical studies for chart analysis, while TeleTrade provides a slightly higher number at 35. Despite these differences, both platforms are evenly matched with a 4-star rating for their mobile trading apps. However, in terms of ranking, TeleTrade stands at #25 out of 62 brokers in the Mobile Trading Apps category, edging out Moneta Markets, which is ranked at #35.
| Feature |
Moneta Markets
|
TeleTrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 35 |
| 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 comparing Moneta Markets and TeleTrade for market research features, both online brokers provide daily market commentary and forex news from prestigious sources such as Bloomberg and Reuters. However, Moneta Markets stands out by offering a sentiment-based trading tool, which gives insights into long and short position ratios across various instruments. This tool is not available with TeleTrade. Additionally, Moneta Markets offers research tools from Trading Central, which can aid traders looking for technical analytics, while TeleTrade lacks this particular feature.
Both brokers include an economic calendar, helping traders stay informed about current and upcoming global news events impacting various economies. In terms of ratings, Moneta Markets achieves a 4-star rating for research, ranking 32nd out of 62 brokers, positioning itself slightly ahead of TeleTrade, which holds a 3.5-star rating and ranks 38th in the same category. This subtle difference highlights Moneta Markets as the slightly preferred choice for those prioritizing comprehensive market research tools.
| Feature |
Moneta Markets
|
TeleTrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| 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, Moneta Markets outshines TeleTrade with its extensive offerings. Moneta Markets provides more than 10 educational pieces including articles, videos, and archived webinars on forex and CFDs, making it a solid choice for newcomers eager to build their trading knowledge. Additionally, Moneta Markets features an array of beginner-focused videos that demystify trading concepts, which can be an invaluable resource for those just starting out. In contrast, TeleTrade falls short in offering the same level of educational materials, lacking the foundational guides that beginners might desire.
Neither Moneta Markets nor TeleTrade host monthly online educational webinars or provide access to a searchable archive of recorded sessions. They also do not offer an investor dictionary with definitions of key terms. However, in the realm of advanced educational videos, Moneta Markets continues to be the superior choice, providing a series of resources tailored to more experienced traders. This comprehensive approach earns Moneta Markets a higher educational rating of 4 stars compared to TeleTrade's 3.5 stars. Furthermore, ForexBrokers.com ranks Moneta Markets significantly ahead of TeleTrade in education, placing it at #33 out of 62 brokers, while TeleTrade trails behind at #61.
| Feature |
Moneta Markets
|
TeleTrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Moneta Markets is better than TeleTrade. Moneta Markets finished with an overall rank of #35, while TeleTrade finished with an overall rank of #50.
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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TeleTrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 72 | 71 |
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Both Moneta Markets and TeleTrade do not offer the ability to purchase actual (delivered) cryptocurrency, but they do provide options for buying cryptocurrency derivatives.
In comparing online brokers Moneta Markets and TeleTrade, both do not support ACH or SEPA transfers, nor do they offer PayPal as a deposit or withdrawal option; however, TeleTrade does provide Skrill while Moneta Markets does not, and both brokers accept Visa, Mastercard, and bank wires for 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 | Moneta Markets | TeleTrade | |
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| Trust Score | 72 | 71 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
| Broker Screenshots | Moneta Markets | TeleTrade | |
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| Regulation | Moneta Markets | TeleTrade | |
|---|---|---|---|
| Trust Score | 72 | 71 | |
| Year Founded | 2009 | 1994 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| 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 | TeleTrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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 | TeleTrade | |
|---|---|---|---|
| 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 | TeleTrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1016 | 500 | |
| Forex Pairs (Total) | 54 | 61 | |
| 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 | TeleTrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.38 | N/A | |
| All-in Cost EUR/USD - Active | 0.79 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Moneta Markets | TeleTrade | |
|---|---|---|---|
| Minimum Deposit | $50 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Moneta Markets | TeleTrade | |
|---|---|---|---|
| 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 | No | No | |
| ZuluTrade | Yes | Yes |
| Trading Tools | Moneta Markets | TeleTrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 4 | 7 | |
| Charting - Indicators / Studies (Total) | 105 | 35 | |
| Charting - Drawing Tools (Total) | 78 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Moneta Markets | TeleTrade | |
|---|---|---|---|
| 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 | 35 | |
| 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 | TeleTrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Moneta Markets | TeleTrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | Moneta Markets | TeleTrade | |
|---|---|---|---|
| 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 |
| Overall | Moneta Markets | TeleTrade | |
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| Trust Score | 72 | 71 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
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