Written by ForexBrokers.com
In this head to head comparison of ThinkMarkets 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 ThinkMarkets and Moneta Markets, regulatory information reveals significant distinctions. ThinkMarkets, established in 2010, boasts a ForexBrokers.com Trust Score of 92, reflecting a highly trusted status. It holds five Tier-1 licenses and two Tier-2 licenses, indicating strong regulatory oversight. Although not a publicly traded company or a bank, ThinkMarkets' regulatory credentials contribute to its high level of trustworthiness in the financial services sector.
Moneta Markets, founded in 2009, has a Trust Score of 71 according to ForexBrokers.com. This score suggests an average risk level, as it lacks Tier-1 licenses and maintains only one Tier-2 license. Like ThinkMarkets, Moneta Markets is neither publicly traded nor a bank. While it provides similar brokerage services, potential clients should consider the relative regulatory strengths when choosing between these two online brokers.
| Feature |
ThinkMarkets
|
Moneta Markets
|
|---|---|---|
| Year Founded | 2010 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 5 | 0 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When assessing commissions and fees, ThinkMarkets earns a 4-star rating but is ranked #47 out of 63 brokers by ForexBrokers.com. While specific average spread data for ThinkMarkets isn't disclosed, it maintains a competitive framework that positions it among reliable choices for traders sensitive to commission costs. However, its lack of detailed average spread information might require traders to explore further for precise cost comparisons.
Moneta Markets, on the other hand, offers a varied cost structure depending on the type of account chosen, with a slightly better 4.5-star rating and higher ranking at #16. The brokerage provides three account options: the commission-free Direct STP account, and two commission-based accounts, Prime ECN and Ultra ECN. The Direct STP account is commission-free but features higher spreads, with an average spread of 1.38 pips for the EUR/USD pair in August 2023. The Prime ECN account has an average spread of 0.194 pips plus a $6 round-trip commission per lot, leading to an overall cost of 0.79 pips, which is slightly below the industry average. The Ultra ECN account boasts even tighter spreads with just a $2 round-trip commission, accessible to traders with a $20,000 deposit.
While Moneta Markets presents more nuanced options that can align with diverse trading strategies, its pricing structure—despite being competitive—still falls short of the leading forex brokers. Overall, the choice between ThinkMarkets and Moneta Markets may depend on budget considerations, desired trading account features, and the degree of flexibility a trader requires in fee arrangements.
| Feature |
ThinkMarkets
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | $50 | $50 |
| Average Spread EUR/USD - Standard | 1.1 | 1.38 |
| All-in Cost EUR/USD - Active | N/A | 0.79 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
ThinkMarkets and Moneta Markets both offer the opportunity to trade forex through CFDs or spot contracts, making them suitable choices for those interested in the currency market. ThinkMarkets provides an extensive selection of 4,000 tradeable symbols, surpassing Moneta Markets' lineup of 1,016. When it comes to forex pairs, the difference is minimal, with ThinkMarkets offering 46 pairs and Moneta Markets offering 45. Neither broker provides access to exchange-traded securities on U.S. exchanges for purchasing individual stocks like Apple. However, ThinkMarkets stands out by allowing clients to buy exchange-traded securities on select international exchanges, a feature Moneta Markets does not offer.
Both brokers cater to traders looking to engage in cryptocurrency derivatives but do not support purchasing actual cryptocurrencies. They also support copy trading, which is appealing for those who prefer mimicking the strategies of successful investors. In terms of overall range of investments, ThinkMarkets is rated higher with 4.5 stars compared to Moneta Markets' 4 stars. This difference in rating is mirrored in their rankings by ForexBrokers.com, where ThinkMarkets ranks 22nd out of 63 brokers, while Moneta Markets ranks 35th.
| Feature |
ThinkMarkets
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4000 | 1016 |
| Forex Pairs (Total) | 46 | 45 |
| U.S. Stock Trading (Non CFD) | No | 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 trading platforms and tools, both ThinkMarkets and Moneta Markets offer compelling options for traders. Both brokerage firms provide access to simulated trading through free virtual demo accounts, allowing beginners to practice without financial risk. ThinkMarkets stands out with its proprietary trading platform, developed in-house, while Moneta Markets relies on third-party solutions. Both brokers cater to traders who use either Windows-based desktop platforms or prefer web-based trading, offering MetaTrader 4 (MT4) and MetaTrader 5 (MT5) support. Additionally, both brokers allow trading directly from stock charts and offer copy trading services, although only Moneta Markets includes DupliTrade support.
When it comes to charting tools, Moneta Markets provides a greater variety with 78 drawing tools compared to ThinkMarkets' 15. In terms of watch lists, ThinkMarkets offers more customization with 15 fields, while Moneta Markets offers 4. Both brokers achieve an equally favorable rating of 4 stars out of 5 for their trading platforms and tools. Despite similar ratings, ThinkMarkets holds a slightly higher industry ranking at #28 compared to Moneta Markets' #33, according to ForexBrokers.com. This suggests a subtle edge for ThinkMarkets in this category, though both brokers deliver quality trading experiences.
| Feature |
ThinkMarkets
|
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) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | Yes |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 105 |
| Charting - Drawing Tools (Total) | 15 | 78 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 15 | 4 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both ThinkMarkets and Moneta Markets provide essential features for traders on the go. Both platforms offer iPhone and Android apps, allowing users to manage their trading activities seamlessly. They also support price alerts and enable users to draw trendlines and view multiple time frames on charts. However, a notable difference lies in their approach to watchlist symbol syncing; Moneta Markets allows watchlists in the mobile app to sync with the online account, whereas ThinkMarkets does not offer this feature. This can be a deciding factor for traders who need to maintain consistency across devices.
In terms of technical charting capabilities, ThinkMarkets stands out with 94 technical studies available, significantly more compared to Moneta Markets' 30. Both apps auto-save chart drawings and allow the creation of watchlists with real-time quotes, making them reliable choices for active traders. When looking at user ratings, both platforms are equally rated at four out of five stars for their mobile trading apps. However, ThinkMarkets has a higher ranking at #20 compared to Moneta Markets at #35 according to ForexBrokers.com, which might influence traders looking for a more established and highly-ranked mobile trading experience.
| Feature |
ThinkMarkets
|
Moneta Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 94 | 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.
ThinkMarkets and Moneta Markets both provide traders with daily market commentary and top-tier forex news from reputable sources like Bloomberg and Reuters. However, Moneta Markets outshines ThinkMarkets by offering research tools from Trading Central, which ThinkMarkets lacks. While both platforms offer sentiment-based trading tools showing the ratio of long or short positions, ThinkMarkets distinguishes itself with research tools from Acuity Trading, specifically the Signal Centre—a feature not available with Moneta Markets. Additionally, both platforms feature an economic calendar for tracking important global news, keeping traders informed of pivotal developments worldwide.
Despite offering some unique tools, ThinkMarkets receives an average rating of 3.5 stars for research and is ranked 50th out of 63 brokers in this category by ForexBrokers.com. In contrast, Moneta Markets receives a slightly higher rating of 4 stars and holds a more favorable position, ranked 32nd among the same brokers. This indicates that while ThinkMarkets provides useful features, Moneta Markets is generally seen as the stronger choice for market research, providing more comprehensive insights for traders.
| Feature |
ThinkMarkets
|
Moneta Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both ThinkMarkets and Moneta Markets provide more than 10 dedicated materials, such as articles, videos, and archived webinars, focusing on forex or CFDs. They each offer a wealth of content for newcomers, including at least 10 beginner-friendly videos, helping users grasp trading concepts effectively. However, ThinkMarkets enhances its learning platform with monthly online educational webinars, while Moneta Markets does not offer this feature. Both brokers have searchable archives, allowing clients to access past webinars easily.
In terms of advanced educational content, both brokers provide over 10 videos targeted at experienced traders, as well as comprehensive investor dictionaries with over 50 investment terms. Despite these strong offerings, Moneta Markets holds a higher education rating of 4 out of 5 stars, compared to ThinkMarkets' 3.5 stars. This is reflected in their rankings on ForexBrokers.com, where Moneta Markets positions at #33, significantly ahead of ThinkMarkets, which stands at #52 out of 63 brokers in the Education category.
| Feature |
ThinkMarkets
|
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 ThinkMarkets is better than Moneta Markets. ThinkMarkets finished with an overall rank of #27, while Moneta Markets finished with an overall rank of #35.
ThinkMarkets has multiple regulatory license and offers a proprietary trading platform, as well as the entire MetaTrader suite. The broker has made progress in key areas, such as research and education, and the range of markets available, although trails behind the best brokers in these categories.
| Feature |
ThinkMarkets
|
Moneta Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 92 | 71 |
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Both ThinkMarkets and Moneta Markets do not offer the ability to purchase actual delivered cryptocurrency, but they both provide options for trading cryptocurrency derivatives.
When comparing online brokers ThinkMarkets and Moneta Markets, neither offers ACH or SEPA transfers nor PayPal for account transactions; however, both support Visa, Mastercard, and bank wire options, with ThinkMarkets additionally providing Skrill while Moneta Markets does not.
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 | ThinkMarkets | Moneta Markets | |
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| Trust Score | 92 | 71 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
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| Regulation | ThinkMarkets | Moneta Markets | |
|---|---|---|---|
| Trust Score | 92 | 71 | |
| Year Founded | 2010 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 5 | 0 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | ThinkMarkets | Moneta Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | ThinkMarkets | Moneta Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | ThinkMarkets | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4000 | 1016 | |
| Forex Pairs (Total) | 46 | 45 | |
| U.S. Stock Trading (Non CFD) | No | 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 | ThinkMarkets | Moneta Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | 1.38 | |
| All-in Cost EUR/USD - Active | N/A | 0.79 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | ThinkMarkets | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | $50 | $50 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | ThinkMarkets | Moneta Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | 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 | Yes | |
| ZuluTrade | No | No |
| Trading Tools | ThinkMarkets | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 15 | 4 | |
| Charting - Indicators / Studies (Total) | 30 | 105 | |
| Charting - Drawing Tools (Total) | 15 | 78 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | ThinkMarkets | Moneta Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 94 | 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 | ThinkMarkets | Moneta Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | ThinkMarkets | 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 | ThinkMarkets | 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 | Moneta Markets Review |
| Overall | ThinkMarkets | Moneta Markets | |
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| Trust Score | 92 | 71 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
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