Moneta Markets vs BlackBull Markets | Fees, Features, Safety & More in 2024

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Moneta Markets and BlackBull Markets are online Forex and CFD brokers that offer trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. Moneta Markets is regulated by one tier-2 jurisdiction FSCA. On the other hand, BlackBull Markets is regulated in two tier-1 jurisdictions, and one tier-4 jurisdictions including FMA, FSA -S, and FSPR. These two brokers offer almost similar services. However, each broker has its strengths and weaknesses.

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

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.

Risk warning: 74-89% of retail traders lose money

Moneta Markets Overview
  • Founded In: 2009
  • 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 Accept

BlackBull Markets

Michael Walker and Selwyn Loekman founded BlackBull in 2014 in Auckland, New Zealand. BlackBull enables the trading of over 26,000 instruments including forex, CFDs, real stocks and ETFs. The available platforms are MT4, MT5, TradingView, cTrader, BlackBull shares and BlackBull Trade. Social trading is through BlackBull CopyTrader and ZuluTrade. Trading tools such as free VPS and Autochartist are provided.
Risk warning: 74-89% of retail traders lose money

Blackbull Markets Overview

Blackbull Markets  Overview
  • Founded In: 2014
  • Founder: Michael Walker and Selwyn Loekman
  • Trading Instruments: 26000+ trading instruments including Forex, Equities, Commodities (Energies, agriculture, and Metals), Futures, Indices
  • Minimum Deposit: between $0 and $20,000 ( $0 for Standard, $2000 for Prime, $20,000 for Institutional Accounts) 
  • Maximum Leverage: upto 1:500
  • Regulations: FMA ,FSA
  • Trading platform: MT4,MT5, Ctrader, Tradingview
  • Trading Tools: Trading Tools: VPS, Zulutrade, Myfxbook,  Calculators,
  • Trading Fees: starting from 0.8 pips spreads for Standard account, 0.1 pips spread+$4 per lot for Price account, Spreads 0.0 + $4 per lot for Institutional Account.  
  • Account Types: Standard, Prime, Institutional
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Cryptocurrency, FasaPay, Neteller, Skrill, UnionPay
  • US Traders: Not Accepted

Moneta Markets vs BlackBull Markets: Pros and Cons

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

BlackBull Markets Pros & Cons

Pros
  • Regulated by  FMA, FSPR, FSP, FSA-S
  • Founded in New Zealand and operating globally
  • Professional and Retail Trading options 
  • No Minimum Deposit Requirement ($0) 
  • The Maximum Leverage is as  high as 1:500
  • Allow Scalping, News Trading, EA/Robot Trading 
  • Offers Multiple Trading platforms including MT4, MT5, WebTrader, TradingView
  • Supports multiple third-party copy trading platforms, such as ZuluTrade, Duplitrade, and Myfxbook.
Cons
  • BlackBull lacks additional Tier-1 regulatory licenses outside of New Zealand.
  • $2,000 minimum deposit for Prime Account
  • The Ctrader platform is not offered 
  • Withdrawal fees 
  • Limited Research Tools 
  • Not very diverse range of tradable assets

Moneta Markets vs BlackBull Markets: Side-by-Side Comparison

Moneta Markets
BlackBull Markets
Product
Founded In
Founded In
2019
2014
Founded By
Founded By
David Bily
Michael Walker and Selwyn Loekman
Headquarters
Headquarters
Johannesburg, 2193, South Africa
Auckland, New Zealand
Regulations
Regulations
FSA, ASIC, FSP , FSCA
FMA , FSA
Min Deposit
Min Deposit
$50
None
Max Leverage
Max Leverage
1000:1
1:500
Tradable Assets
Tradable Assets
FOREX ,COMMODITIES,INDICES ,SHARE CFDs,ETFs,BONDS,TRADING HOURS,SPREADS AND COMMISSIONS
Forex ,Share, CFDs and Commodities
Fees
Fees
Spread from 0.0 pips, commissions $3/per lot
Spread from 0.8 pips, commissions $6/round lot
Platforms and Tools
Platforms and Tools
PRO TRADER ,APP TRADER ,Mt4,Mt 5,METATRADER APP,MT4,WEBTRADER,COPYTRADER APP
MT4,MT5, Ctrader ,Tradingview
US Traders
US Traders
Not Allowed
Not Allowed

Moneta Markets Vs BlackBull Markets: Our Scores and Ratings

We rated both brokers, Moneta Markets and BlackBull 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.

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

BlackBull Markets

8.2
Total Score
Regulation and Security (40%)8.4
Fees and Commissions (20%)8
Trading (15%)8.8
Trading tools (10%)5
Customer Support (10%)9.5
Trading Education (5%)9

Final Verdict :

Moneta Markets and BlackBull Markets are regulated forex and CFD brokers in the industry. They offer similar trading services including forex and CFD trading. They both allow scalping, hedging, EA trading and Copy trading. Neither of these brokers accept US Clients. 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 Moneta Markets is $50, whereas the minimum deposit for BlackBull Markets is $0. Additionally, the maximum leverage for the Moneta Markets is 1000:1. On the other hand, the maximum leverage for BlackBull Markets is 500:1. 

Our score for Moneta Markets is 8.5, and for BlackBull Markets, it is 8.2 So, if you are looking for the most trusted forex brokers with tight spreads, you may choose Moneta Markets. However, If you prefer a forex broker with a lower minimum deposit and offering a similar trading service to Moneta Markets, you may choose BlackBull 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.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

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