Forex.com Vs. Moneta Markets - Compare Trustworthiness, Capabilities, Fees and Legitimacy

Forex.com is a global broker headquartered in the U.S and part of StoneX (publicly traded company on NASDAQ) that specialises in offering CFDs based on commodities, currencies, indices, stocks, ETFs, shares, bonds and cryptocurrencies.

Moneta Markets is an international broker that specialises in CFDs trading via MetaTrader 4 and their proprietary platform ProTrader powered by TradingView.

• Traders of all levels (beginner to advanced) looking for competitive pricing
• Trades of all levels looking for a great platform variety
• High volume traders looking for ECN or DMA accounts offering deep liquidity for large trades

• Scalpers looking to take advantage of the spreads and commissions on ECN account
• International traders looking for an off-shore high leverage broker.

• FINRA (United States)
• FCA (UK)
• FFAJ (Japan)
• IIROC (Canada)
• CySec (Cyprus)
• CIMA (Cayman Islands)

• ASIC (Australia)
• FSCA (South Africa)
• FSA (Seychelles)
• SVGFSA (Saint Vincent and the Grenadines)

• Great platform offering (Proprietary, TradingView, MetaTrader 4 & 5)
• Excellent asset offering (more than 5,000+ instruments)
• Competitive spreads in some of their assets

• ProTrader platform powered by TradingView
• Competitive commissions on ECN account
• Moneta Markets is part of the Vantage group which holds an ASIC license

• Despite presenting a great customisable platform, it still feels messy and not intuitive to use
• Commissions are expensive when compared to similar competitors 

• Demo accounts only last 30 days
• Asset offering is extremely low (below 300 instruments)
• Weak regulatory framework with only 1 license
• STP account spreads are really high for industry standards

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• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Visa
• Mastercard
• Skrill
• Neteller
• Bank Transfer

• Visa
• Mastercard
• FasaPay
• JCB
• SticPay
• Bank Transfer

AF, AS, AL, AU, BY, BE, BM, BA, BG, BI, CA, CF, HR, CU, CY, CD, ER, FR, GU, IR, IQ, IT, JP, LB, LR, LY, MK, ML, ME, MM, KP, PR, GN, GW, RO, SL, RS, SG, SI, SO, SS, SD, ES, SY, US, UK, VI, VE, YE, ZW. 

$15 monthly after 1 year of inactivity.

Depending on account type.

• Standard account has no commissions
• “Commission Account” and “DMA Account” have a flat $5 fee commission per lot round turn

Commission structure varies as follows:

• No commissions on Direct STP account
• $3 per lot per side commission on Prime ECN account
• $1 per lot per side commission on Ultra ECN account