IC Markets vs Moneta Markets Comparison
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of IC Markets and Moneta Markets
| Broker | IC Markets | Moneta Markets |
|---|---|---|
| Rating | 4.7/5 | 4.4/5 |
| Foundation Year | 2007 | 2020 |
| Regulated in Countries | Seychelles, Australia, Cyprus, Kenya | South Africa, Seychelles |
| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:500 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | IC Markets Review | Moneta Markets Review |
IC Markets is suitable for traders looking for low spreads and ECN accounts and the ability to scalp and use expert advisors.
Moneta Markets is suitable for active traders and investors who value low spreads, a wide variety of instruments, and modern platforms with copy-trading functionality.
IC Markets Review
IC Markets is a reliable and versatile broker that offers a wide range of services and tools for trading in the financial markets. The company provides impressive trading instruments, high-quality trading platforms, advanced analytical tools, and valuable education for traders of all levels.
IC Markets is likely most suitable for experienced traders who value deep liquidity, tight spreads, and advanced trading tools. Beginner traders can also benefit from the educational materials offered by the company, but they should be prepared for some additional expenses and a higher minimum deposit requirement.
Pros and Cons of IC Markets
Pros
- A wide range of trading assets.
- Low spreads.
- Variety of trading platforms.
- Quality educational materials.
- Efficient customer support service.
Cons
- High minimum deposit.
IC Markets is in the top 10 of the following ratings:
Moneta Markets Review
Moneta Markets is a modern broker offering a full range of Forex and CFD services. It facilitates both self-directed trading and copy-trading investments.
Traders benefit from multiple account types featuring low spreads, permitted scalping, and fast execution. This stable technical platform is bolstered by regular analytics, valuable services, and swift withdrawals.
Pros and Cons of Moneta Markets
Pros
- Wide selection of instruments.
- Modern trading platforms.
- High order execution speed.
- Attractive ECN account conditions.
Cons
- A deposit of at least $500 is required to access the educational course and advanced analytical tools.
Reliability
| Broker | IC Markets | Moneta Markets |
|---|---|---|
| Reliability | 5/5 | 4/5 |
| Foundation Year | 2007 | 2020 |
| Regulated in Countries | Seychelles, Australia, Cyprus, Kenya | South Africa, Seychelles |
| Regulators | SFSA SFSA ASIC ASIC CySEC CySEC CMA CMA | FSCA FSCA SFSA SFSA - |
IC Markets
IC Markets operates under the regulation of several jurisdictions, including ASIC in Australia, CySEC in Cyprus, and SFSA in the Seychelles, indicating a high degree of regulation.
Moneta Markets
Moneta Markets has moderate reliability due to regulation by FSCA (South Africa) and FSA (Seychelles). The company is trustworthy, but the lack of top-tier licenses reduces the guarantees.
Pros
- Segregated accounts
- Negative balance protection
- Good Tier-1 liquidity
Cons
- No top-tier licenses (EU, ASIC)
Account Opening
| Broker | IC Markets | Moneta Markets |
|---|---|---|
| Account Opening | 4.5/5 | 5/5 |
| Minimum Deposit |
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IC Markets
The account opening process at IC Markets is well-thought-out, transparent, and detailed, ensuring convenience and ease for clients. However, the high minimum deposit may deter many beginners.
Moneta Markets
The registration and account opening process at Moneta Markets is quick, intuitive, and fully online. Even beginners will find it suitable thanks to the low entry threshold and straightforward verification requirements.
Pros
- Simple online registration
- Fast verification
- Minimum deposit of only $50
Account Types
| Broker | IC Markets | Moneta Markets |
|---|---|---|
| Account Types | 3.8/5 | 4.5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:500 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
IC Markets
IC Markets' accounts are mainly aimed at experienced and professional traders.
Pros
- ECN accounts
- Ability to copy trades
- Access to VPS
Cons
- No cent accounts
- No fixed spread accounts
Moneta Markets
Moneta Markets offers a variety of trading accounts with favorable conditions for traders at different levels.
Pros
- ECN and STP accounts
- Copy-trading available
- VPS support
Cons
- No cent accounts
Commissions
| Broker | IC Markets | Moneta Markets |
|---|---|---|
| Commissions | 4.5/5 | 4.2/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 0.62 | 1.3 |
| Commission per Lot | $3.5 | $3 |
IC Markets
IC Markets has low commissions. Fees for transactions on ECN accounts and spreads are acceptable to most traders, and the absence of charges for deposits/withdrawals and account inactivity is a significant advantage.
Moneta Markets
Moneta Markets delivers competitive trading conditions thanks to tight spreads and transparent commissions.
Pros
- No deposit/withdrawal fees
- Cashback program
- Tight spreads
Deposit and Withdrawal
| Broker | IC Markets | Moneta Markets |
|---|---|---|
| Rating | 4.5/5 | 4.3/5 |
| Account Funding Methods |
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IC Markets
IC Markets offers multiple options for depositing and withdrawing funds, but possible fees from banks and payment systems should be considered, along with some restrictions on withdrawal methods.
Moneta Markets
Moneta Markets provides convenient and fast deposit and withdrawal methods with no broker commissions, though the absence of popular e-wallets reduces convenience for some clients.
Pros
- No broker commission
- Fast funding
- Cryptocurrency available
Cons
- Skrill and Neteller not supported
- Limited choice of e-wallets
Markets and Products
| Broker | IC Markets | Moneta Markets |
|---|---|---|
| Markets and Products | 5/5 | 5/5 |
| Forex | 61 | 48 |
| Precious Metals | 7 | 5 |
| Energy Carriers | 5 | 6 |
| Soft Commodities | 8 | 5 |
| Indices | 25 | 23 |
| Stocks | 2175 | 830 |
| ETF | 38 | 57 |
| Bonds | 10 | 7 |
| Cryptocurrency | 21 | 57 |
IC Markets
IC Markets offers various trading instruments, including currency pairs, CFDs on metals, energy resources, commodities, indices, stocks, bonds, and cryptocurrencies.
Moneta Markets
Moneta Markets offers an extensive range of trading instruments, enabling diversified investing from a single account.
Pros
- Over 1000 instruments
- One account for all assets
- High leverage up to 1:1000
Trading Platforms
| Broker | IC Markets | Moneta Markets |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Trading Platforms |
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IC Markets
IC Markets provides powerful and functional trading platforms suitable for various trader categories.
Moneta Markets
Moneta Markets provides an excellent set of platforms for any trading need, from the classic MetaTrader to the user-friendly PRO Trader.
Pros
- MT4/MT5 available
- Convenient PRO Trader web platform
- Mobile app with trade copying
Analytics
| Broker | IC Markets | Moneta Markets |
|---|---|---|
| Rating | 5/5 | 4/5 |
IC Markets
IC Markets provides its clients with an extensive set of analytical tools and materials, which can assist them in successful trading in the financial markets.
Moneta Markets
Moneta Markets provides high-quality, diverse analytics, including unique AI solutions. However, some valuable services are only available after a deposit of $500.
Pros
- Helpful Trading Central and Market Buzz tools
- Regular video analytics and reviews
- Built-in calculators and sentiment indicators
Cons
- Trading Central is only available with a deposit of $500 or more
- No in-depth macroeconomic reports
Education
| Broker | IC Markets | Moneta Markets |
|---|---|---|
| Rating | 5/5 | 3.5/5 |
IC Markets
IC Markets offers a wide range of educational resources, from interactive video lessons to webinars and podcasts, demonstrating care for their clients and a commitment to providing all the necessary resources for successful trading.
Moneta Markets
Market Masters educational materials are high-quality, but full access requires a deposit of $500 or more.
Pros
- Quality Market Masters course
- Unlimited demo account
Cons
- Course only available from $500
- Limited amount of free materials
- No webinars
Customer Support
| Broker | IC Markets | Moneta Markets |
|---|---|---|
| Rating | 4.7/5 | 5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Twitter
Facebook
Instagram
LinkedIn
YouTubeIC Markets
IC Markets provides a variety of communication channels, ensuring support service accessibility for clients. Numerous client reviews indicate the support team's quick response and high professionalism.
Pros
- Positive reviews about professional support
- Multiple channels for support communication
- Support is available 24/7
Cons
- Only international call option is available
Moneta Markets
Moneta Markets support is available around the clock and quickly resolves customer issues.
Pros
- 24/7 operation
- Fast responses in live chat
- Knowledgeable specialists
