Forex traders are constantly looking for a better broker with excellent services to suit their strategies and trading preferences. With over a thousand online forex brokers, making the right choice is becoming an uphill task. Both FP Markets and Moneta Markets offer almost similar trading services. However, there are differences in their regulations, reputations, and operations. FP Markets is regulated in two tier-1 jurisdictions, one tier-2 jurisdictions and one tier -4 jurisdictions including ASIC, CySEC, SVGFSA, FSCA. On the other hand, Moneta Markets is regulated by CIMA and FSCA. Each of the brokers has its strengths and weaknesses.
In this review, we will analyze and compare the two brokers. We will also explore fees, features, trading platforms, and the pros and cons of each broker to enable traders to make the right choices.
FP Markets vs Moneta Markets: In a Nutshell
FP Markets
Established in 2005, FP Markets is an Australian-based forex and CFD broker that offers online trading services worldwide. It is a global brand regulated by multiple authorities, including ASIC, CySEC, SVG, FSA, and FSCA. The broker provides traders access to more than 10,000 trading instruments on its four platforms: MT4, MT5, IREAA, and cTrader. It also provides access to tools like Autochartist, Trading Central, free VPS, social trading, and more. FP Markets is a low-cost forex broker with spreads as low as 0.0 pips. To learn more, you can read our review about FP Markets.
FP Markets Overview
- Founded In: 2005
- Founder: Matthew Murphy
- Headquarters: Sydney, Australia
- Minimum Deposit: 100 AUD or equivalent.
- Maximum Leverage: 500:1
- Regulations: ASIC, CySEC, FSCA, FSA
- Trading platform: MT4, MT5 and Ctrader
- Account Types: Islamic, Account Funding, Fund withdraw
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, Dragonpay, FasaPay, Klarna, Neteller, Ngan Luong, PayPal, PayTrust88, PerfectMoney, Poli, Rapid Transfer, Skrill, SticPay, Transfer from Existing Broker, UnionPay
- US Clients: 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
- 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
FP Markets vs : Moneta Markets Features
FP Markets:
- Trading Instruments: 10000+ trading instruments including Forex, Crypto CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs,
- Maximum leverage: up to 1:500
- Minimum Deposit: 100 AUS or equivalent.
- Account Types: Offers 2 account types: Standard, Raw
- Fees: starting from 1.0 pips for a standard account, $3.5 commission on Raw account per side
- PAMM/ MAM: Yes,
- Zulutrade: Yes
- Scalping: Allowed
- News Trading: Allowed
- 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
FP Markets vs Moneta Markets: Pros and Cons
FP Markets
- Regulated by ASIC, CySEC, FSCA, SVGFSA, AFS, FSP
- The Maximum leverage is 1:500
- Offers popular trading platforms like MT4, MT5, cTrader, WebTrader, IRESS
- Hedging, Scalping, EA/Robot, and Copy trading are allowed
- Easy, Fast and Digital account opening
- Offers passive investment programs like MAM, PAMM Accounts
- Faster order execution (40ms)
- FP Markets offers consistently tighter spreads from 0.0 pips
- No FCA regulation.
- The Minimum deposit is $100, which might be high for a beginner
- High Stock CFD fees
- US traders are not accepted
- Only two types of accounts ( Standard, Raw)
Moneta Markets
- 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
- 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
FP Markets vs Moneta Markets: Side-by-Side Comparison
FP Markets Vs Moneta Markets: Our Scores and Ratings
We rated both brokers, FP Markets 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.
FP Markets :
Moneta Markets
Final Verdict :
FP Markets and Moneta Markets are forex and CFD brokers. They offer similar trading services. Both brokers allow scalping, EA trading, Copy Trading, hedging, etc. The minimum lot size for both brokers is as low as 0.01.
However, there are differences in some areas. For example, the minimum deposit for FP Markets is $100, whereas the minimum deposit for Moneta Markets is $50. Additionally, the maximum leverage for the FP Markets is 500:1. In contrast, the maximum leverage for Moneta Markets is 1000:1.
Our score for FP Markets is 9.2 and for Moneta Markets, it is 8.5 So, if you are looking for the most trusted forex brokers with low spreads, you may choose FP Markets. However, if you prefer that offers similar services, you may choose Moneta Markets.
