Moneta Markets vs Skilling | Our Analysis & Comparison in 2024

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Moneta Markets and Skilling 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 Moneta Markets is $50., whereas the minimum deposit for Skilling is 25 € or equivalent. Additionally, the maximum leverage for Moneta Markets is 1:1000. In contrast, the maximum leverage for Skilling is up to 1:1000 for non-EU retail traders, 1:30 for EU retail traders. 1:200 for professional traders. Moneta Markets offers passive investment programs like MAM and PAMM, while Skilling does not have any passive investment programs.Our score for Moneta Markets is 8.5, and for Skilling, it is 8.8 So, if you are looking for the most trusted forex brokers with MAM and PAMM services, you may choose Moneta Markets. However, if you prefer another forex brokers that offer similar services, you may choose Skilling.

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

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

Skilling

Established in 2016 by Scandinavian entrepreneurs, Lennart Clausen, André Lavold, Henrik Ekdahl, and Mikael Harstad, Skilling is a regulated and innovative forex broker. It offers traders access to more than 900 forex and CFDs on its Skilling Trader, cTrader, and MT4 platforms. The broker’s Premium account features competitive spreads and low commissions, ideal for advanced traders. Skilling.com provides forex pairs, CFDs, commodities, shares, indices, gold, silver, oil, bitcoin, and other cryptocurrencies for your personal investment and trading options. Additionally, Skilling provides tools like TradingView, an economic calendar, market news, and detailed analysis to enhance trading decisions.

Skilling Overview

Skilling Overview
  • Founded In: 2016
  • Minimum Deposit: 25 € or equivalent
  • Maximum Leverage: Up to 1:1000 for non-EU retail traders,1:30 for EU retail traders.  1:200 for professional traders
  • Regulations:CySEC, FSA, and FCA (recently deregistered from FCA)
  • Trading platform: MT4, MT5, cTrader, Skilling Trader, and Skilling Copy
  • Account Types:  Offers 3 account types: Standard, Premium, MT4
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, CoinsPaid, Directa24, FasaPay, Klarna, Neteller, Ngan Luong, Pagsmile, PayPal, PayRetailers, PayTrust88, Skrill, Swish, Trustly, UnionPay, WebMoney
  • US Traders: Not Accepted

Skilling

  • Trading Instruments: 800+  forex, CFDs, commodities, shares, indices, and cryptocurrencies
  • Maximum leverage: up to 1:1000 for non-EU retail traders,1:30 for EU retail traders.  1:200 for professional traders
  •  Minimum Deposit: $25 for the Non-EU standard account, $100 for the EU standard account, and $5000 for the premium account. 
  • Account Types: Offers 3 account types: Standard, Premium MT4 
  • Fees: starting from 0.8  pips for a standard account,
  • Social Copy Trading:  Yes, 
  • Zulutrade: No
  • Scalping: Allowed 
  • News Trading: Allowed
  • EA/ Robot Trading: Allowed

Moneta Markets vs Skilling: 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

Skilling Pros & Cons

Pros
  • Regulated by CySEC,  FSA, and FCA.
  • The Maximum leverage is as high as 1:1000 for global entities, 1:30 for EU traders, and 1:200
  • Fully Digital Account Opening ( Easy Sign and Verification Process)
  • Demo Accounts are Available
  • Low Trading fees starting from 0.8 pips for standard accounts, and 0.10 pips for premium accounts
  • Offers both leverage and non-leverage cryptos of trading
  • Educational resources with a new 'Trading Study Hub' for beginner investors to learn more about investing
  • Offers a variety of trading platforms and tools including MT4, Ctrader, Skilling Social Copy Trading, and Skilling own trading platform
  • Straightforward fees, no hidden charge
  • No deposit and withdrawal fees
Cons
  • Higher minimum deposit of $100 for Standard accounts, and $5000 for Premium accounts in the EU
  • Degegistered  from FCA regulations 
  • Service is not available in many countries including Canada and the US
  • 1:2 leverage for cryptocurrencies
  • Only Forex and CFDs are offered

Moneta Markets vs Skilling: Side-by-Side Comparison

Moneta Markets
Skilling
Product
Product
Moneta Markets
Skilling
Founded In
Founded In
2019
2016
Founded By
Founded By
David Bily
Scandinavian Entrepreneurs
Headquarters
Headquarters
Johannesburg, 2193, South Africa
Mahe, Seychelles
Regulations
Regulations
FSCA, FSA-S
CySEC, FSA, and FCA.
Min Deposit
Min Deposit
$50
$25 for the Non-EU standard account, $100 for the EU standard account, and $5000 for the premium account.
Max Leverage
Max Leverage
1000:1
up to 1:1000 for non-EU retail traders,1:30 for EU retail traders. 1:200 for professional traders
Tradable Assets
Tradable Assets
Forex, indices, Commodities, Share, ETFs, Bonds
800+ forex, CFDs, commodities, shares, indices, and cryptocurrencies
Fees
Fees
Spread starting from 1.2 pips or commission from $1 to $3
starting from 0.8 pips for a standard account,
Platforms and Tools
Platforms and Tools
PRO TRADER ,APP TRADER ,Mt4,Mt 5,METATRADER APP,MT4,WEBTRADER,COPYTRADER APP
MT4, Ctrader, Skilling Social Copy Trading, and Skilling own trading platform
US Traders
US Traders
Not Allowed
Not Allowed

Moneta Markets Vs Skilling: Our Scores and Ratings

We rated both brokers, Moneta Markets and Skilling, 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

Skilling

8.8
Skilling Score
Regulation and Security (40%)9
Fees and Commissions (20%)9
Trading (15%)9
Trading tools (10%)9
Customer Support (10%)8
Trading Education (5%)7

Final Verdict :

Moneta Markets and Skilling 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 Moneta Markets is $50., whereas the minimum deposit for Skilling is 25 € or equivalent. Additionally, the maximum leverage for Moneta Markets is 1:1000. In contrast, the maximum leverage for Skilling is up to 1:1000 for non-EU retail traders, 1:30 for EU retail traders. 1:200 for professional traders. Moneta Markets offers passive investment programs like MAM and PAMM, while Skilling does not have any passive investment programs.

Our score for Moneta Markets is 8.5, and for Skilling, it is 8.8 So, if you are looking for the most trusted forex brokers with MAM and PAMM services, you may choose Moneta Markets. However, if you prefer another forex brokers that offer similar services, you may choose Skilling.

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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