Moneta Markets vs IG.com Compared 2024

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Traders consistently seek trusted and reliable trading platforms that suit their trading styles and preferences. Moneta Markets and IG are top-tier regulated brokers providing online trading services worldwide. Moneta Markets is known for its social trading and multi-asset platform, regulated in one tier-2 jurisdiction FSCA. On the other hand, IG specializes in online forex trading, regulated by six tier-1 jurisdictions and one tier-2 jurisdictions including FCA , FSA-Japan , NFA , AMF, FMA , MAS , DFSA. While these brokers offer similar services, they each have their own strengths and weaknesses.

In this article, I have compared Moneta Markets and IG in terms of trading platforms, Pros, Cons, regulations, tradable assets, fees, customer support, and overall trading experience score. This analysis aims to help you determine which broker better suits 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

IG

Founded in 1974 as IG Index by Bristish Financier Stuart Wheeler, IG is a well known forex and CFD broker.It  offers offer over 100 forex currency pairs, cfxfds, commodities, stocks, index, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options. 

IG Markets Overview
  • Founded In: 1974
  • Minimum Deposit: $250
  • Maximum Leverage: 200:1
  • Regulations: ASIC, FCA, FSA, NFA , AMF, FMA, MAS, DFSA
  • Trading platform: MT4, WebTrader, MobileTrader (MobileApp), ProRealTime
  • Account Types: Standard account, DMA Account
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, PayPal
  • US Traders:  Accepted 

Moneta Markets vs IG: 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

IG Pros & Cons

Pros
  • Regulated by multiple top tire regulators like  NFA,  FCA, ASIC, FSA, AMF, FMA, MAS, DFSA 
  • Allows scalping, EA/ Robot Trading, News Trading
  • Offers web trading, mobile trading and ECN Trading 
  • IG's acquisition of tastytrade for $1 billion brought options trading and listed-derivatives (such as futures) trading to clients in the United States
  • 16,000 trading instruments, investments in IPOs and exchange-traded funds;
  • Quality choice of trading platforms, including MT4, WebTrader, MobileTrader (MobileApp), ProRealTime
  • Relatively good spreads, from 0.6-1 pips depending on the type of instrument;
  •  Offers passive investment programme ( MAM, PAMM accounts)
Cons
  • Relatively high Minimum deposit ( Min Deposit $250) 
  • Conservative leverage in some areas  ( The max leverage is 1:200)
  • IG charges $/£12/€14 per month after 24 months of inactivity 
  • Limited product range on MT4
  • High Stock CFD fees 

Moneta Markets vs IG: Side-by-Side Comparison

Moneta Markets
IG.com
Product
Founded In
Founded In
2019
1974
Founded By
Founded By
David Bily
Stuart Wheeler
Headquarters
Headquarters
Johannesburg, 2193, South Africa
London, UK
Regulations
Regulations
FSA, ASIC, FSP , FSCA
ASIC , FSCA ,DFSA , FCA,NFA, FSA, AMF, MAS, FMA, DFSA
Min Deposit
Min Deposit
$50
$50
Max Leverage
Max Leverage
1000:1
50:1
Tradable Assets
Tradable Assets
FOREX ,COMMODITIES,INDICES ,SHARE CFDs,ETFs,BONDS,TRADING HOURS,SPREADS AND COMMISSIONS
Indices, Forex ,Shares, Commodities ,Cryptocurrencies, Bond
Fees
Fees
Spread from 0.0 pips, commissions $3/per lot
Spread from EURUSD 0.6 Gold 0.3 (Standard Account)
Platforms and Tools
Platforms and Tools
PRO TRADER ,APP TRADER ,Mt4,Mt 5,METATRADER APP,MT4,WEBTRADER,COPYTRADER APP
MT4, WebTrader, MobileTrader (MobileApp), ProRealTime
US Traders
US Traders
Not Allowed
Allowed

Moneta Markets Vs IG: Our Scores and Ratings

We rated both brokers, Moneta Markets and IG, 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

IG

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

Final Verdict :

Both Moneta Markets and IG are regulated online trading platforms in the industry, offering services to traders and investors. However, there are some differences between them. Moneta Markets is a multi-asset and social trading platform, providing trading instruments, including FOREX ,COMMODITIES,INDICES ,SHARE CFDs,ETFs,BONDS,TRADING HOURS,SPREADS AND COMMISSIONS. It offers both leverage and non-leverage tradable assets.On the other hand, IG is a forex and CFD broker offering indices, forex ,shares, commodities ,cryptocurrencies, bonds. 

Our score for Moneta Markets is 8.5, and for IG, it is 9.0 (based on our research; a score above 8 is considered safe and trustworthy). If you are seeking a social trading platform where you can copy other successful traders and have a one-stop solution for various types of trading, you may choose Moneta Markets. However, if you prefer online forex and CFD brokers, you may choose IG.

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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