Written by ForexBrokers.com
In this head to head comparison of Tickmill 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.
Tickmill and Moneta Markets are two prominent online brokers, each with unique regulatory credentials. Tickmill, established in 2014, operates with a Trust Score of 86, categorizing it as a trusted broker according to ForexBrokers.com. It holds 2 Tier-1 licenses, reflecting its commitment to maintaining high regulatory standards, as well as 2 Tier-2 licenses, further establishing its credibility. Although Tickmill is not publicly traded and does not operate as a bank, its regulatory framework ensures a reasonable level of client trust.
Moneta Markets, founded in 2009, holds a Trust Score of 71, placing it in the average risk category. Compared to Tickmill, Moneta Markets has no Tier-1 licenses, but it does possess 1 Tier-2 license, indicating some degree of regulatory compliance. Like Tickmill, it's neither publicly listed nor a banking institution. These factors might appeal to those seeking a broker with a moderate risk profile in the online trading landscape.
| Feature |
Tickmill
|
Moneta Markets
|
|---|---|---|
| Year Founded | 2014 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
Tickmill and Moneta Markets offer diverse options for traders, particularly in terms of commissions and fees. Tickmill caters to active traders with its Classic and Raw accounts. The Classic account is commission-free, requiring only the payment of the bid/ask spread, which averages 1.76 pips as of August 2023. The Raw account, replacing the Pro account, now charges an increased commission of $3 per side or $6 per standard lot. Despite this hike, the Raw account remains competitive with average spreads of 0.11 pips for EUR/USD, resulting in an all-in cost of 0.71 pips when the commission is considered. Rated 5 stars and ranked #4 out of 63 brokers by ForexBrokers.com, Tickmill is highly recommended for its favorable trading conditions, particularly for those who favor algorithmic trading, thanks to its minimal $100 entry requirement.
On the other hand, Moneta Markets presents three account types: Direct STP, Moneta Prime ECN, and Ultra ECN. The Direct STP account is commission-free but features higher average spreads of 1.38 pips for the EUR/USD pair (August 2023). The Prime ECN account, with an average spread of 0.194 pips and a commission of $3 per side for each 100,000 units, results in an all-in cost of about 0.79 pips. The Ultra ECN account offers an even lower commission of $2 per round-trip for those depositing $20,000 or more. However, its pricing strategy is yet to outshine the leading forex brokers. Moneta Markets holds a 4.5-star rating and ranks #16 among 63 brokers according to ForexBrokers.com.
In summary, while Tickmill excels with its competitive fees and minimal deposit requirement, Moneta Markets provides flexible account options with the added benefit of potentially lower commissions for high deposit accounts. Depending on your trading style and budget, both brokers offer unique selling points to consider.
| Feature |
Tickmill
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | $100 | $50 |
| Average Spread EUR/USD - Standard | 0.51 | 1.38 |
| All-in Cost EUR/USD - Active | 0.31 | 0.79 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | 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.
When comparing the investment offerings of Tickmill and Moneta Markets, both online brokers provide forex trading through CFDs or spot contracts. Tickmill offers a total of 725 tradeable symbols, with 63 being forex pairs. They do not provide exchange-traded securities on either U.S. or international exchanges, limiting options to CFDs and derivatives. Tickmill supports both copy trading and cryptocurrency derivatives, though it does not allow the purchase of actual cryptocurrencies. With a 3.5-star rating for its range of investments, Tickmill ranks #42 among 63 brokers analyzed by ForexBrokers.com.
On the other hand, Moneta Markets offers a broader selection, with 1016 symbols available for trading, including 45 forex pairs. Similar to Tickmill, Moneta Markets does not offer direct exchange-traded securities on U.S. or international markets but provides options for CFDs and cryptocurrency derivatives. Additionally, like Tickmill, it supports copy trading and does not permit purchasing actual cryptocurrencies. Rated 4 stars for its investment range, Moneta Markets holds a higher position, ranking #35 in the ForexBrokers.com evaluation.
| Feature |
Tickmill
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 725 | 1016 |
| Forex Pairs (Total) | 63 | 45 |
| 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.
When it comes to trading platforms and tools, both Tickmill and Moneta Markets offer a variety of features that cater to different types of traders. Both brokers provide simulated trading with free virtual demo accounts, making it easy for beginners to practice without financial risk. Though neither broker offers a proprietary platform, they both support popular options such as MetaTrader 4 and MetaTrader 5 and provide Windows-based desktop download and web-based platforms. Additionally, both brokers facilitate copy trading, allowing users to mimic successful traders' strategies seamlessly.
Despite their similarities, there are a few differences that distinguish Tickmill from Moneta Markets. Moneta Markets supports DupliTrade, a platform for automated trading, while Tickmill does not. In terms of charting tools, Moneta Markets offers a significantly larger variety with 78 drawing tools compared to Tickmill's 15. Conversely, Tickmill offers more watch list columns, providing users with up to seven fields, whereas Moneta Markets provides four. Both brokers allow trading directly from stock charts and are similarly rated four stars for their trading platforms and tools. In the rankings by ForexBrokers.com, Tickmill holds the 32nd position, just ahead of Moneta Markets at 33rd, despite these nuanced differences.
| Feature |
Tickmill
|
Moneta Markets
|
|---|---|---|
| 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 | 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 | 7 | 4 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Tickmill and Moneta Markets offer user-friendly mobile trading apps for iPhone and Android devices, facilitating access to the stock and forex markets. Users will appreciate essential features such as stock and forex price alerts and the ability to draft and save trend lines on charts. Both apps provide 30 technical studies for charting, and multiple time frames, from daily to intraday, are available for users to explore different trading perspectives. However, a distinguishing factor is Moneta Markets’ ability to sync watchlists between the mobile app and the client’s online account, making it easier to track your investments seamlessly across platforms.
While both apps allow the creation of watchlists with real-time quotes, Tickmill and Moneta Markets are closely matched, both earning 4-star ratings for their mobile trading experience. According to ForexBrokers.com, Tickmill is ranked slightly higher at #32 out of 63 brokers in the Mobile Trading Apps category, compared to Moneta Markets, which holds the #35 position. Overall, they provide traders with comprehensive tools and functionalities necessary for effective mobile trading.
| Feature |
Tickmill
|
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 | 30 | 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.
Tickmill and Moneta Markets both offer solid options for market research, providing daily market commentary and forex news from reputable sources like Bloomberg and Reuters. A shared strength is the provision of sentiment-based trading tools, which help traders monitor the balance of long and short positions across various instruments. Both platforms include an economic calendar for tracking global events that could impact trading. However, their research platforms diverge in certain areas. Tickmill features tools from Acuity Trading, such as the Signal Centre, which can aid trading decisions with actionable insights. Conversely, Moneta Markets does not offer tools from Acuity Trading but does provide resources from Trading Central, which includes technical analysis tools.
Aside from the specific research tools, both brokers are rated similarly with four out of five stars for their research capabilities. Despite the similar ratings, they differ in their rankings; Tickmill holds the 22nd position among 63 brokers on ForexBrokers.com, while Moneta Markets stands at the 32nd spot. This difference might indicate a slight edge for Tickmill in terms of overall research offerings and user satisfaction. However, both platforms ensure essential research features that cater to traders at various levels.
| Feature |
Tickmill
|
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.
Comparing Tickmill and Moneta Markets unveils a promising picture for beginners keen on delving into forex or CFDs. Both brokers excel in furnishing plentiful educational content tailored for novice traders, with over ten pieces of instructional material, such as articles and videos, available that focus primarily on forex or CFDs. These learning resources are well-suited to guide beginners through the initial stages of trading. However, Tickmill further enriches the learning experience with monthly educational webinars, an offering that Moneta Markets unfortunately lacks. Both brokers maintain an accessible archive of these materials, ensuring past webinars are available for future reference.
Tickmill and Moneta Markets ensure a supportive learning environment with a collection of over ten beginner-focused trading videos, paired with advanced videos for more seasoned traders, maintaining a comprehensive learning path regardless of skill level. Furthermore, both platforms provide an investor dictionary with over 50 terms, enhancing an understanding of industry jargon. Despite both receiving a four-star rating for educational offerings, Tickmill edges slightly ahead, ranked 15th by ForexBrokers.com for educational provision, compared to Moneta Markets, which holds the 33rd spot. This reflects Tickmill's slight upper hand in educational resources in this comparative realm.
| Feature |
Tickmill
|
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 Tickmill is better than Moneta Markets. Tickmill finished with an overall rank of #22, while Moneta Markets finished with an overall rank of #35.
Tickmill is a run-of-the-mill MetaTrader broker that offers a limited selection of tradeable securities. The broker does offer very competitive commission-based pricing for professionals through its VIP and Pro accounts.
| Feature |
Tickmill
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Moneta Markets
|
|---|---|---|
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| Trust Score | 86 | 71 |
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Both Tickmill and Moneta Markets do not offer actual delivered cryptocurrency purchases, but they both provide the ability to trade cryptocurrency derivatives instead.
When comparing online brokers Tickmill and Moneta Markets, both offer bank wire and card options like Visa and Mastercard for deposits and withdrawals, but only Tickmill supports PayPal and Skrill, whereas neither supports ACH or SEPA 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 | Tickmill | Moneta Markets | |
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| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | Tickmill Review | Moneta Markets Review |
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| Regulation | Tickmill | Moneta Markets | |
|---|---|---|---|
| Trust Score | 86 | 71 | |
| Year Founded | 2014 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 0 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Tickmill | Moneta Markets | |
|---|---|---|---|
| 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) | No | 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) | Tickmill | 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 | Tickmill | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 725 | 1016 | |
| Forex Pairs (Total) | 63 | 45 | |
| 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 | Tickmill | Moneta Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.51 | 1.38 | |
| All-in Cost EUR/USD - Active | 0.31 | 0.79 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Tickmill | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | $100 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | 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 | Tickmill | Moneta Markets | |
|---|---|---|---|
| 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 | Yes | |
| ZuluTrade | No | No |
| Trading Tools | Tickmill | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 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 | Tickmill | 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 | 30 | 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 | Tickmill | 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 | Tickmill | 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 | Tickmill | 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 | Tickmill Review | Moneta Markets Review |
| Overall | Tickmill | Moneta Markets | |
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| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | Tickmill Review | Moneta Markets Review |
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