AvaTrade vs Moneta Markets | Compare Features, Safety & More for 2024

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AvaTrade and Moneta Markets are Forex and CFD brokers offering online trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. AvaTrade is regulated by 9 regulatory authorities , including the ASIC, JFSA, FSA, FSCA, ADGM, CBI, ISA, KNF, IIROC. On the other hand, Moneta Markets is regulated by  2 regulatory authorities , including the FSCA, FSA-S. These two brokers offer almost similar services. However, each broker has its strengths and weaknesses.

In this article, we will compare AvaTrade with Moneta Markets regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if AvaTrade is better than Moneta Markets. This comparison lets you understand which broker is better for your trading style and preferences.

AvaTrade vs Moneta Markets: In a Nutshell

Avatrade

Established in 2006, Avatrade is a forex and CFD broker based in Dublin, Ireland. The company offers a wide range of trading instruments including forex, commodities, stock indices, stocks, exchange-traded funds, options, cryptocurrencies, and bonds. The broker is regulated across 9 jurisdictions AvaTrade is regulated across 9 jurisdictions including ASIC, CySEC, IIROC, ADGM/FSRA, CBI, ISA, FSCA, FFAJ, and FSC in BVI. AvaTrade offers MetaTrader 4 and 5, AvaTradeGo, AvaOptions, and WebTrader platforms for the diverse needs and preferences of the traders. To learn more, you can read our review of Avatrade.

AvaTrade at a Glance

AvaTrade at a Glance
  • Founded In: 2006
  • Founder: Emanuel Kronitz, Negev Nosatzki, Clal Finance
  • Headquarters: Dublin, Ireland
  • Minimum Deposit: $100
  • Maximum Leverage: 1:30 (for retail clients), 1:400 (for Non-EU, and professional accounts) (varies by region and account type)
  • Regulations: CBI, ASIC, JFSA, FSA, FSCA, ADGM, ISA, KNF, IIROC
  • Trading platform: Trading Platforms: MT4, MT5, AvaTradeGO, WebTrader, AvaOptions, DupliTrade, ZuluTrade
  • Account Types: Retail, Professional, Islamic, Spread Betting (UK only)
  • Trading Style: Trading Styles: Scalping, Hedging, Swing Trading, Day Trading, Automated Trading
  • Payment Options: Bank Wire, Credit/Debit Cards, PayPal, Skrill, Neteller, WebMoney, Perfect Money
  • US Traders:  Not Accepted 

Moneta Markets

Founded in 2020, Moneta Markets is a new broker but was founded by experienced experts. Traders can enjoy ECN trading of over 1,000 forex and CFD instruments on its MetaTrader platforms, proprietary app trader as well as on the PRO TRADER; powered by TradingView. Social trading is via the Moneta CopyTrader app. Its ultra ECN account comes with tight spreads and commissions as low as $1/lot. To learn more, you may read our review about Moneta Markets.

Moneta Markets Overview

Moneta Markets Overview
  • Founded In: 2009
  • Founder: David Bily
  • Headquarters: South Africa
  • Minimum Deposit: $50
  • Maximum Leverage: 1000:1
  • Regulations:FSP , FSCA
  • Trading platform:RO TRADER ,APP TRADER ,Mt4,Mt 5,METATRADER APP,MT4,WEBTRADER,COPYTRADER APP
  • Account Types: Direct, Prime, Ultra
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, FasaPay, JCB, SticPay
  • US Traders: Not Accepted

Avatrade vs Moneta Markets: Side By Side Comparison

AvaTrade
Moneta Markets
Product
Product
AvaTrade
Moneta Markets
Founded In
Founded In
2006
2009
Founded By
Founded By
Negev Shekel Nosatzki
David Bily
Headquarters
Headquarters
Dublin, Ireland
Johannesburg, 2193, South Africa
Regulations
Regulations
ASIC, JFSA, FSA, FSCA, ADGM, CBI, ISA, KNF, IIROC
FSCA, FSA-S
Min Deposit
Min Deposit
$100
None
Max Leverage
Max Leverage
400:1 (Global), 30:1 (EU)
1000:1
Tradable Assets
Tradable Assets
Metals, Commodities, Stocks, FX Options, Oil, ETFs, Options, Crypto currencies, CFDs, Indexes, Shares, Spread Betting, Indices, Forex, Bonds
Forex, indices, Commodities, Share, ETFs, Bonds
Fees
Fees
As low as 0.9 pips
Spread starting from 1.2 pips or commission from $1 to $3
Platforms and Tools
Platforms and Tools
MetaTrader 4, MetaTrader 5, AvaOptions, DupliTrade, ZuluTrade, WebTrader
PRO TRADER ,APP TRADER ,Mt4,Mt 5,METATRADER APP,MT4,WEBTRADER,COPYTRADER APP
US Traders
US Traders
Not Allowed
Not Allowed

Avatrade vs : Moneta Markets Features

Avatrade

  • Trading Instruments: 1,250+ popular assets, across Forex, Stocks, Commodities, Indices, ETFs, and Options.
  • Maximum leverage: 1: 30 for EU, UK, and Australian clients, 1:400 for global clients
  • Minimum Deposit: $100
  • Account Types: Two ( Retail account, Professional Account) 
  • Trading Fees: Starting from 0.9 pips on forex 
  • MAM:  Available 
  • PAMM: No 
  • Scalping: Allowed 
  • News Trading: Allowed. However, spreads widen during major news 
  • EA/ Robot Trading: Allowed

Moneta Markets

  • Trading Instruments: 1000+ Trading instruments including forex, indices, commodities, share CFDs, Crypto CFDs, Bonds, and ETFs 
  • Maximum leverage: Maximum Leverage is as high as 1000:1 
  • Minimum Deposit: $50 for Direct and Prime Account, $20000 for Ultra Account
  • Account Types: Three  ( Direct, Prime, Ultra) 
  • Trading Fees: Spread starting from 1.2 pip for Direct  Account or Commission $3 per lot per side for Prime Account, and $1 per lot per side for Ultra Account 
  • PAMM/ MAM:  Available 
  • Zulutrade: Available
  • Scalping: Allowed 
  • News Trading: Allowed
  • EA/ Robot Trading: Allowed

Avatrade vs Moneta Markets: Pros and Cons

Avatrade Pros & Cons

Pros
  • Free deposit and withdrawal options
  • Great research tools
  • a wide range of trading instruments
  • ability to trade from mobile devices
  • Unique social trading features
  • Impressive educational offerings
  • Negative balance protection
  • Does not charge any fees for deposits or Withdrawals
  • Offers commission-free trading
  • Offers negative balance protection
  • Supports multiple trading platforms and EAs
Cons
  • High inactivity fees
  • Not regulated by the FCA
  • Does not accept U.S. clients
  • No guaranteed stop-loss
  • Do not have 24/7 customer support

Moneta Markets Pros & Cons

Pros
  • Regulated by FSA-S, FSCA 
  • The Maximum Leverage is as high as 1:1000
  • Low Spread Starting From as low as 0 pips 
  • Allow Scalping, EA Trading, Copy Trading 
  • Offers passive investment programme(MAM, PAMM Account)
  • Copy Trading, Zulutrade is allowed  
  • No Deposit or Inactivity fees 
  • Wide Range of instruments – 1000+ products to trade
  • Easy and Quick Account Opening 
  • Seamless Deposit and Withdrawal 
  •  Free Forex VPS
Cons
  • Moneta Markets does not have top tire regulations like FCA, NFA, ASIC, CySEC etc. 
  • Limited number of trading instruments compared to market leaders 
  • No investor protection scheme 
  • The Ctrader platform is not offered

AvaTrade Vs Moneta Markets Our Scores and Ratings

We rated both brokers, AvaTrade and Moneta Markets, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.

AvaTrade :

8.7
AvaTrade Score
Regulation and Security (40%)9.8
Fees and Commissions (20%)7
Trading (15%)7.5
Trading tools (10%)9
Customer Support (10%)9
Trading Education (5%)9.2

Moneta Markets:

8.5
Total Score
Regulation and Security (40%)8
Fees and Commissions (20%)9
Trading (15%)9
Trading tools (10%)8.4
Customer Support (10%)8.8
Trading Education (5%)9

Final Verdict :

AvaTrade and Moneta Markets are regulated forex and CFD brokers in the industry. They offer similar trading services. Both brokers allow scalping, hedging, EA trading, and Copy trading. The minimum order size for both of them is 0.01. 

However, there are a few areas where you may find some differences. For example, the minimum deposit for AvaTrade is $100., whereas the minimum deposit for Moneta Markets is $50. Additionally, the maximum leverage for AvaTrade is 30:1 (retail clients), 500:1 (Professional Clients). In contrast, the maximum leverage for Moneta Markets is 1:1000. AvaTrade offers passive investment programs like MAM and PAMM, while Moneta Markets does not have any passive investment programs.

Our score for AvaTrade is 9, and for Moneta Markets, it is 8.5 So, if you are looking for the most trusted forex brokers with MAM and PAMM services, you may choose AvaTrade. However, if you prefer another forex brokers that offer similar services, you may choose Moneta Markets.

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

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