Moneta Markets vs FXOpen
Moneta Markets or FXOpen – which is better for UK traders 2024? Compare Moneta Markets and FXOpen in this detailed breakdown of their platforms, features and fees.
Moneta Markets | FXOpen |
---|---|
Moneta Markets is ranked #97 among CFD brokers. | FXOpen is ranked #73 among CFD brokers. |
Moneta Markets has closed or no longer accepts UK clients.
Moneta Markets is a regulated multi-asset broker offering an excellent suite of 1000+ short-term instruments. There are no deposit fees and the minimum deposit is accessible at $50. The account opening process is also straightforward, taking just a few minutes to sign up and start trading. More than 70,000 traders have signed up with the ASIC, FSCA and FSA-regulated brokerage. |
FXOpen is a multi-asset broker with regulation from several trustworthy bodies including the UK's FCA. The broker offers CFD trading on forex, stocks, commodities, indices, cryptocurrencies and ETFs via the MetaTrader 4 & 5 and TradingView platforms. |
Pros | |
|
|
Cons | |
|
|
Awards | |
|
|
FCA Regulated | |
No | Yes |
Instruments | |
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Crypto | Forex, CFDs, Indices, Commodities, Cryptocurrencies, ETFs, Shares |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$50 | £300 |
Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.01 Lots |
Regulator | |
FSCA, ASIC, FSA | FCA, CySEC, ASIC |
Mobile Apps | |
iOS & Android | iOS & Android |
iOS App Rating | |
Android App Rating | |
Margin Trading | |
Yes | Yes |
MetaTrader 4 | |
Yes | Yes |
MetaTrader 5 | |
Yes | Yes |
cTrader | |
No | No |
AlgoTrader | |
No | No |
OmniTrader | |
No | No |
TradingView | |
Yes | Yes |
Autochartist | |
No | No |
eSignal | |
No | No |
Trading Central | |
Yes | No |
STP Account | |
Yes | Yes |
ECN Account | |
Yes | Yes |
DMA Account | |
No | No |
MAM Account | |
No | No |
PAMM Account | |
Yes | Yes |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
Yes | Yes |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
No | No |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader |
Copy Trading | |
Yes | Yes |
Copy Trading Platform | |
Moneta Markets offers copy trading on its CopyTrader app and ZuluTrade. Both solutions allow clients to hand pick and follow experienced traders with real-time performance statistics and thousands of signal providers. | FXOpen offers copy trading, enabling users to follow and copy the positions and strategies of other traders. Myfxbook and ZuluTrade are supported, two of the highest-rated and easiest to use third-party copy trading platforms on the market. |
Social Trading | |
Yes | Yes |
Trade Signals | |
Yes | Yes |
VPS Hosting | |
Yes | Yes |
Tournaments | |
No | Yes |
Demo Competitions | |
No | Yes |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$0 | $10 |
Islamic Account | |
Yes | Yes |
Account Currencies | |
|
|
Commodities | |
|
|
CFD | |
Moneta Markets clients can speculate on the direction of hundreds of assets covering forex, stocks, indices, commodities, bonds, cryptos and ETFs. Fees are transparent and there are no hidden charges. | FXOpen offers CFDs on multiple assets including forex, stocks, commodities, indices, cryptocurrencies and ETFs. Leverage and spreads vary by instrument, with spreads starting from zero and fast order execution. |
Leverage | |
1:1000 | 1:30 (EU), 1:500 (Global) |
FTSE Spread | |
13.33 | 0.8 |
GBPUSD Spread< | |
0.56 | 0.2 |
Oil Spread | |
2.90 | 4.0 |
Stocks Spread | |
0.3 | N/A |
Forex | |
Moneta Markets offers more than 45 forex pairs with higher leverage than most brokers, up to 1:1000. Spreads are also tight while the trading platforms offer advanced market analysis tools. | FXOpen clients can trade 50+ forex pairs (28 on micro accounts) with leverage up to 1:30. Fees are competitive with spreads starting from zero with a small commission on ECN accounts, and slightly wider spreads and no commission on STP accounts. |
Assets | |
45+ | 50+ |
GBPUSD Spread | |
0.56 | 0.2 |
EURUSD Spread | |
0.26 | 0.2 |
EURGBP Spread | |
0.36 | 0.2 |
Cryptocurrency | |
Trade dozens of popular cryptos against the USD with 1:5 leverage. Digital currencies can be traded as CFDs only - they cannot be directly bought and sold. Moneta Markets also enhanced its crypto offering in 2024 with 6 ETFs that provide exposure to digital currencies. | FXOpen offers CFDs on 40 cryptocurrency pairs, including cross-pairs with BTC as well as pairs with various fiat currencies such as GBP, USD and JPY. Crypto CFDs are tradeable with leverage of 1:2. Only pro traders can access crypto derivatives in the UK. |
Spread | |
Variable | Variable |
Coins | |
|
|
Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
Moneta Markets | FXOpen |
More Comparisons | |
Moneta Markets vs |
FXOpen vs |