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


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Overview
OctaFX is an international FX broker operating as an incorporated company from St. Vincent and the Grenadines specialising in currencies trading via MetaTrader 4 & 5.	Moneta Markets is an international broker that specialises in CFDs trading via MetaTrader 4 and their proprietary platform ProTrader powered by TradingView.
Best For
Traders looking for a high leverage off-shore broker New traders looking to experiment using MT4 & 5 with a no commission low-cost broker	Scalpers looking to take advantage of the spreads and commissions on ECN account International traders looking for an off-shore high leverage broker.
Licenses
Financial Licenses Regulation Unregulated Top-tier Licenses 0 Other Licenses 0 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 1 Other Licenses 3 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
None	ASIC (Australia) FSCA (South Africa) FSA (Seychelles) SVGFSA (Saint Vincent and the Grenadines)
The Good
High leverage offered due to no regulatory restrictions MetaTrader 4 & 5 platforms with their own copy trading integration Low minimum deposit	ProTrader platform powered by TradingView Competitive commissions on ECN account Moneta Markets is part of the Vantage group which holds an ASIC license
The Bad
Despite having financial licenses, OctaFX does not operate using them, meaning that they are an unregulated broker. Their asset offering is extremely limited (80 instruments)	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
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
2011	2019
💳 Minimum Deposit Range
$25	$50
💰 Payment Methods
Visa Mastercard Maestro Skrill Neteller Bitcoin Ethereum USDT (Tether) Litecoin Dogecoin Bank Transfer	Visa Mastercard FasaPay JCB SticPay Bank Transfer
💵 Account Base Currencies
2 - EUR, USD.	9 - AUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA.	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.
📊 STP Account
Yes	Yes
📊 DMA Account
No	No
📊 ECN Account
Yes	Yes
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
80	769
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
0	640
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
35	45
📗 Commodities
0	0
📗 Commodities CFDs
5	15
📕 Indices
0	0
📕 Indices CFDs
10	16
📔 ETFs
0	0
📔 ETFs CFDs
0	40
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
30	6
📒 Bonds
0	0
📒 Bonds CFDs
0	7
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
Unavailable	1 Share
📉 Minimum ETFs Trade Size
Unavailable	Unavailable
📈 Minimum Crypto Trade Size
$1,000 (0.01 Lots)	Unavailable
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$1,000 (0.01 Lots)	$1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
500	1000
💪 Professional Leverage
Unavailable	Unavailable
✍ Customisable Leverage
Yes	Yes
🎲 Deleveraged Trading
Yes	No
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	No
📱 Android App
Yes	No
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
Yes	Yes
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	Yes
💻 Proprietary Platform
No	No
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
Yes	No
👫 Social Trading
Yes	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	No
Fees
💰 Inactivity Fee
None	None
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	None
💰 Commissions
None	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
Spreads
📈 EUR/USD
Dynamic - From 0.6 Pips	Dynamic - From 0.1 to 1.2 Pips
📉 SP500
Dynamic - From 20 Pips	Dynamic - From 300 Pips
📈 GOLD
Dynamic - From 180 Pips	Dynamic - From 10 to 130 Pips
📉 TSLA (Stock CFD)
Unavailable	Dynamic - From $0.22
📈 XLK (ETF - CFD)
Unavailable	Dynamic - From $0.02
📉 BTC
Dynamic - From $57	Unavailable
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No
📡 Educational Content
No	Yes
📡 Live Chat Support
No	Yes
📡 Video Tutorials
No	Yes
📡 Account Management
No	No
📡 Webinars
No	Yes