Written by ForexBrokers.com
In this head to head comparison of Moneta Markets vs TMGM, 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, offers a Trust Score of 71, which indicates it falls into the average risk category on ForexBrokers.com. While Moneta Markets does not hold any highly trusted Tier-1 licenses, it does have one trusted Tier-2 license. This online broker is not publicly traded, nor is it a bank, reflecting a common structure among many online brokers.
In contrast, TMGM, founded in 2013, achieves a higher Trust Score of 83, categorizing it as trusted. This broker holds two Tier-1 licenses, enhancing its credibility in the trading community. Similar to Moneta Markets, TMGM is neither publicly traded nor a bank, yet it stands out with stronger regulatory credentials. When comparing both brokers, TMGM's higher trust rating and additional licenses suggest a more secure option for those prioritizing regulatory oversight.
| Feature |
Moneta Markets
|
TMGM
|
|---|---|---|
| Year Founded | 2009 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 0 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing Moneta Markets to TMGM in terms of commissions and fees, Moneta Markets offers diverse pricing structures depending on the chosen account type. With three account options—Direct STP, Prime ECN, and Ultra ECN—traders can opt for either commission-free or commission-based trading. The Direct STP account is commission-free but comes with higher spreads. On the other hand, the Prime ECN account features lower spreads with an average of 0.194 pips on the EUR/USD pair and a commission fee of $6 per round-turn lot, providing a competitive all-in cost of around 0.79 pips. For those who can meet a $20,000 deposit requirement, the Ultra ECN account offers even tighter spreads and a commission of $2 per lot round-turn. Moneta Markets has earned a 4.5-star rating and ranks 16th out of 63 brokers as per ForexBrokers.com.
TMGM offers a straightforward commission-based model through its Edge account, which charges $7 per round trip along with low prevailing spreads. Though specific average spread data for the EUR/USD pair is not available, the Edge account remains competitive, catering to those who prefer lower trading costs alongside consistent spreads without requotes. The Classic account provides a spread-only option, but for Sharia-compliant trading, customers must choose the Edge account due to its interest-free nature. TMGM has been rated 4 stars and stands at the 36th position among 63 brokers in the commissions and fees category on ForexBrokers.com.
While Moneta Markets offers a more varied account structure with different pricing options, TMGM simplifies its offering with competitive low-cost commissions. Both brokers have their strengths: Moneta Markets stands out with its lower account spread options and higher ranking, while TMGM delivers low commissions with the flexibility needed for specific trading preferences. Depending on individual trader needs and deposit capabilities, both brokers present worthwhile options for competitive trading fees.
| Feature |
Moneta Markets
|
TMGM
|
|---|---|---|
| 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 | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Moneta Markets and TMGM both offer forex trading as a Contract for Difference (CFD) or spot contract, providing clients with flexibility in their trading strategies. While Moneta Markets boasts a wide array of 1,016 tradeable symbols and offers access to 45 forex pairs, TMGM surpasses this selection by providing a staggering 12,000 tradeable symbols and 62 forex pairs, making it a more diverse option for active traders. Neither platform facilitates the purchase of exchange-traded securities, whether on U.S. or international exchanges, so clients can't directly buy shares like Apple or Vodafone through these brokers.
Both Moneta Markets and TMGM support the modern feature of copy trading, allowing users to replicate the strategies of successful traders. In the realm of cryptocurrencies, these platforms offer derivatives rather than actual cryptocurrencies. When comparing their effectiveness in providing a broad range of investment opportunities, ForexBrokers.com ranks Moneta Markets at #35 with a solid 4-star rating, while TMGM edges ahead with a 4.5-star rating, placing it at #17. Such rankings reflect TMGM's more extensive product offerings and enhanced market access for investors.
| Feature |
Moneta Markets
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 12000 |
| Forex Pairs (Total) | 45 | 62 |
| 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.
Both Moneta Markets and TMGM provide a comprehensive selection of trading platforms and tools suited for various trading preferences. Traders at both brokers benefit from simulated or paper trading through free virtual demo accounts, which is ideal for practice before committing real funds. Neither broker offers an in-house developed platform, but users can access trading platforms across Windows-based desktop and web-based browsers. Both Moneta Markets and TMGM support popular platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), ensuring a versatile trading experience. If you're interested in copy trading, both brokers have this feature available, and Moneta Markets additionally supports DupliTrade, which TMGM lacks.
When it comes to charting tools, Moneta Markets provides a significant edge with 78 drawing tools compared to TMGM's 15. While both brokers allow trading directly from stock charts, Moneta Markets offers fewer watchlist columns, with four compared to TMGM's seven. Despite these differences, both brokers achieve a 4-star rating for trading platforms and tools, with Moneta Markets ranking higher at #33 compared to TMGM's #48 in the Trading Platforms and Tools category according to ForexBrokers.com. This makes Moneta Markets a compelling choice if having access to a wide variety of charting tools is a priority, while TMGM might appeal if you prefer more detailed watchlists.
| Feature |
Moneta Markets
|
TMGM
|
|---|---|---|
| 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 | Yes | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 105 | 30 |
| 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 it comes to mobile trading apps, both Moneta Markets and TMGM are available on iPhone and Android, making them accessible to a wide range of users. Offering crucial features like stock and forex price alerts, as well as the ability to draw trendlines and view different time frames on charts, these apps are designed to meet the needs of active traders. Both platforms allow users to create watchlists with real-time quotes for effective market monitoring, and they also provide 30 technical studies for in-depth chart analysis. However, Moneta Markets stands out with its watchlist symbol syncing feature, allowing seamless updates between the mobile app and online account—unlike TMGM, which doesn't offer this functionality.
In terms of user ratings, both Moneta Markets and TMGM have earned a solid 4 stars for their mobile trading apps. However, Moneta Markets holds an edge in industry rankings, securing the 35th spot out of 63 brokers on ForexBrokers.com, whereas TMGM is ranked 47th. This suggests that while both platforms offer comparable features for mobile trading, Moneta Markets might offer a slightly better user experience, particularly for those who value watchlist synchronization. Whether you're a beginner or a seasoned trader, both apps provide the essential tools needed to stay connected with the markets on the go.
| Feature |
Moneta Markets
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| 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.
When comparing the market research offerings of Moneta Markets and TMGM, both brokers provide daily market commentary and deliver forex news from esteemed sources like Bloomberg, Reuters, and Dow Jones. They both integrate tools from Trading Central for technical analysis and offer sentiment-based trading tools that display long and short position ratios. Additionally, each provides an economic calendar to track global news events. However, Moneta Markets does not utilize any research tools from Acuity Trading, whereas TMGM does. Meanwhile, neither broker uses research tools from Autochartist or market research from TipRanks.
In terms of performance ratings, Moneta Markets holds a strong position with a four-star rating for research and is ranked 32nd out of 63 brokers by ForexBrokers.com. On the other hand, TMGM, with a slightly lower rating of 3.5 stars, is ranked 53rd in the same category. This suggests that while both brokers offer substantial research capabilities, Moneta Markets has a slight edge in overall research quality and user satisfaction.
| Feature |
Moneta Markets
|
TMGM
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources for beginners offered by Moneta Markets and TMGM, it's clear that Moneta Markets provides a more comprehensive suite of educational tools. Moneta Markets equips traders with over ten pieces of educational content focused on forex and CFDs, including articles, videos, and archived webinars. In contrast, TMGM does not meet this standard. Furthermore, Moneta Markets enriches the learning experience with beginner-friendly educational videos and advanced trading videos, while TMGM lacks such a collection. Both brokers offer a searchable archive of past webinars and an extensive investor dictionary, ensuring newcomers have access to essential trading terms and insights.
Despite not offering monthly webinars, Moneta Markets manages to earn higher recognition, receiving a 4-star rating for its educational offerings, while TMGM trails slightly with 3.5 stars. In global rankings for education by ForexBrokers.com, Moneta Markets stands at position 33 out of 63 brokers, indicating a stronger presence in providing quality educational content when compared to TMGM, which is ranked at 54. This orientation towards educating beginners positions Moneta Markets as a more favorable choice for those starting in online trading.
| Feature |
Moneta Markets
|
TMGM
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| 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 TMGM. Moneta Markets finished with an overall rank of #35, while TMGM finished with an overall rank of #37.
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
|
TMGM
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 71 | 83 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both Moneta Markets and TMGM do not offer the option to buy actual, delivered cryptocurrency, but they do provide the ability to trade cryptocurrency derivatives.
When comparing online brokers Moneta Markets and TMGM, it's important to note that while both offer Visa, Mastercard, and bank wire options for depositing or withdrawing account funds, only TMGM provides additional flexibility with PayPal and Skrill, as neither broker 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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Moneta Markets | TMGM | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 71 | 83 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | TMGM Review |
| Broker Screenshots | Moneta Markets | TMGM | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| Regulation | Moneta Markets | TMGM | |
|---|---|---|---|
| Trust Score | 71 | 83 | |
| Year Founded | 2009 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 0 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | Moneta Markets | TMGM | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| 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 | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | Moneta Markets | TMGM | |
|---|---|---|---|
| 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 | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1016 | 12000 | |
| Forex Pairs (Total) | 45 | 62 | |
| 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 | TMGM | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Moneta Markets | TMGM | |
|---|---|---|---|
| Minimum Deposit | $50 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| 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 | TMGM | |
|---|---|---|---|
| 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 | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Moneta Markets | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 4 | 7 | |
| Charting - Indicators / Studies (Total) | 105 | 30 | |
| Charting - Drawing Tools (Total) | 78 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Moneta Markets | TMGM | |
|---|---|---|---|
| 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 | 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 | Moneta Markets | TMGM | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Moneta Markets | TMGM | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Moneta Markets | TMGM | |
|---|---|---|---|
| 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 | TMGM Review |
| Overall | Moneta Markets | TMGM | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 71 | 83 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | TMGM Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill