Moneta Markets vs RCG Markets | Fees, Features, Safety & More 2024

Published :
Written by

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 Moneta Markets  and RCG Markets offer almost similar trading services. However, there are differences in their regulations, reputations, and operations. Moneta Markets  is regulated in one tier-2 jurisdiction FSCA. On the other hand, RCG 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.

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

RCG Markets

RCG Markets Overview
  • Founded In: 2018
  • Minimum Deposit: R100
  • Maximum Leverage: 1:3000
  • Regulations:SEC, FINRA, and FCA
  • Trading platform: MT4, MT5
  • Account Types: Classic, Raw, ECN, Royal100
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, AdvCash, BitPay, bitwallet, ecoPayz, ePayments, FasaPay, Help2Pay, Neteller, Payfinder, Skrill, SticPay, TransfterMate, TroniPay, UnionPay, Uphold
  • US Traders: Not Accept

Moneta Markets vs RCG 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

RCG Markets Pros & Cons

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

Moneta Markets
RCG Markets
Product
Founded In
Founded In
2019
2018
Founded By
Founded By
David Bily
Not Found
Headquarters
Headquarters
Johannesburg, 2193, South Africa
Gauteng, South Africa
Regulations
Regulations
FSA, ASIC, FSP , FSCA
SEC, FINRA, and FCA
Min Deposit
Min Deposit
$50
R50
Max Leverage
Max Leverage
1000:1
1:3000
Tradable Assets
Tradable Assets
FOREX ,COMMODITIES,INDICES ,SHARE CFDs,ETFs,BONDS,TRADING HOURS,SPREADS AND COMMISSIONS
Forex ,Indices, Share,Commodities and Energies
Fees
Fees
Spread from 0.0 pips, commissions $3/per lot
Spread from 1.5 pips, commissions $7/round lot
Platforms and Tools
Platforms and Tools
PRO TRADER ,APP TRADER ,Mt4,Mt 5,METATRADER APP,MT4,WEBTRADER,COPYTRADER APP
MT4,MT5
US Traders
US Traders
Not Allowed
Not Allowed

Moneta Markets Vs RCG Markets: Our Scores and Ratings

We rated both brokers, Moneta Markets and RCG 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

RCG Markets

7
RCG Markets Scores
Regulation and Security (40%)5
Fees and Commissions (20%)9
Trading (15%)9
Trading tools (10%)7
Customer Support (10%)8
Trading Education (5%)7

Final Verdict :

Moneta Markets  and RCG 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 Moneta Markets  is $50.  whereas the minimum deposit for RCG Markets is $100. Additionally, the maximum leverage for the Moneta Markets  is 1000:1. In contrast, the maximum leverage for RCG Markets is 400:1. 

Our score for Moneta Markets  is 8.5, and for RCG Markets, it is 7.0 So, if you are looking for the most trusted forex brokers with low spreads, you may choose Moneta Markets . However, if you prefer a forex broker that offers similar services, you may choose RCG 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.

Leave a Comment