Moneta Markets
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74-89% of retail CFD accounts lose money.

Vs.

IG
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79% of retail CFD accounts lose money.

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

Updated Apr 04 2023

Visit

74-89% of retail CFD accounts lose money.

Visit

79% of retail CFD accounts lose money.

Overview

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

IG is a global broker established in 1974 that holds 8 reputable financial licenses and provides CFD trading on stocks, commodities, ETFs, indices, cryptocurrencies, bonds, futures, options along with real stocks through their share dealing account.

Best For
  • Scalpers looking to take advantage of the spreads and commissions on ECN account
  • International traders looking for an off-shore high leverage broker.
  • Professional traders looking to exploit their customisable platform and broad asset offering
  • High volume traders that can offset their commission costs by trading in larger volumes
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

1

Other Licenses

3

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

8

Other Licenses

2

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • ASIC (Australia)
  • FSCA (South Africa)
  • FSA (Seychelles)
  • SVGFSA (Saint Vincent and the Grenadines)
  • ASIC (Australia)
  • FMA (New Zealand)
  • NFA (United States)
  • DFSA (United Arab Emirates)
  • FINMA (Switzerland)
  • MAS (Singapore)
  • FFAJ (Japan)
  • FSCA (South Africa)
  • BMA (Bermuda)
The Good
  • ProTrader platform powered by TradingView
  • Competitive commissions on ECN account
  • Moneta Markets is part of the Vantage group which holds an ASIC license
  • Broad platform offering with high customisability and integrated news feeds
  • Comprehensive asset offering with more than 10,000 + CFDs or real stocks and ETFs
The Bad
  • 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
  • There are too many small costs such as custody, in-and-out-commissions in some cases, management fees, etc
  • Their standard contracts can be too large some times for low volume traders
Status
Operational Operational
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

Key Data
⌛ Account Opening Time
1 day 1 day
📋 Documents Required
  • 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.

📍 Year Founded
2019 1974
💳 Minimum Deposit Range
$50 From $10 to $450.
💰 Payment Methods
  • Visa
  • Mastercard
  • FasaPay
  • JCB
  • SticPay
  • Bank Transfer
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
💵 Account Base Currencies
9 - AUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD. 6 - AUD, EUR, GBP, HKD, SGD, USD.
🗽 Available to U.S Citizens
No Yes
❌ Restricted Countries

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. 

SY, IR.

📊 STP Account
Yes No
📊 DMA Account
No Yes
📊 ECN Account
Yes Yes
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs Hybrid
Total Asset Offering
769 35,227
Exchange Access
0 8
📙 Real Stocks
0 15,000
📙 Stock CFDs
640 15,000
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
45 80
📗 Commodities
0 0
📗 Commodities CFDs
15 37
📕 Indices
0 0
📕 Indices CFDs
16 76
📔 ETFs
0 2,000
📔 ETFs CFDs
40 2,000
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
6 15
📒 Bonds
0 0
📒 Bonds CFDs
7 19
📓 Options
0 0
📓 Options CFDs
0 1,000
📗 Futures
0 0
📗 Futures CFDs
0 0
Trading Experience
📈 Minimum Stock Trade Size
1 Share 1/10 of Contract (5,000 Notional)
📉 Minimum ETFs Trade Size
Unavailable 1/10 of Contract (5,000 Notional)
📈 Minimum Crypto Trade Size
Unavailable 0.01 Contracts
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) 1 Contract
📈 Minimum Commodities Trade Size
$1,000 (0.01 Lots) 1 Contract
📉 Minimum Bonds Trade Size
Unavailable 1 Contract
📈 Minimum Futures Trade Size
Unavailable 1 Contract
📉 Minimum Options Trade Size
Unavailable 1 Contract
💪 Retail Leverage
1000 30
💪 Professional Leverage
Unavailable 250
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
No No
🎓 Demo Account
Yes Yes
📱 IOS App
No Yes
📱 Android App
No Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes No
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes No
💻 Proprietary Platform
No Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No Yes
🔨 Trailing Stop-loss
No Yes
Fees
💰 Inactivity Fee
None

After 24 months of inactivity, IG charges an $18 monthly fee.

💰 Deposit Fees
None None
💰 Withdrawal Fees
None None
💰 Commissions

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

Yes, they charge depending on the client’s account base currency and exchange location of the shares being traded. For example, for some clients US shares can have a minimum charge of $10 in-and-out.

Spreads
📈 EUR/USD
Dynamic - From 0.1 to 1.2 Pips Dynamic - From 0.6 Pips
📉 SP500
Dynamic - From 300 Pips Dynamic - From 40 Pips
📈 GOLD
Dynamic - From 10 to 130 Pips Dynamic - From 30 Pips
📉 TSLA (Stock CFD)
Dynamic - From $0.22 Dynamic - Market Spread
📈 XLK (ETF - CFD)
Dynamic - From $0.02 Dynamic - Market Spread
📉 BTC
Unavailable Dynamic - From $90
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No Yes
📡 Reuters Feed
No Yes
📡 Educational Content
Yes Yes
📡 Live Chat Support
Yes Yes
📡 Video Tutorials
Yes No
📡 Account Management
No No
📡 Webinars
Yes Yes