Page Summary
Interactive Brokers and Moneta Markets are top online brokers. Interactive Brokers has a competitive fee structure with a minimum initial deposit of $0. It offers a proprietary platform and a professional app with access to a demo account. Interactive Brokers is a good choice for traders of all levels of experience.
Moneta Markets is a forex and CFD broker with access to the MetaTrader suite. It has licenses from the FCA and ASIC. Moneta Markets offers some professional trading tools and educational materials. We recommend it for traders of all levels of experience.
This article discusses the advantages and disadvantages of Interactive Brokers and Moneta Markets.
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Interactive Brokers
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
Moneta Markets
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:20 | 500:1 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 1% | 0 |
| Inactivity Fee | 0 | 0 |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 0.2 pips + 0.08 to 0.20 bps times trade size comission | 0.4 pips |
| Stocks & ETF | $ 0.005 per share | 2.7 pips |
| CFD (Gold) | 0.02% | 2.7 pips |
| Crypto | 0.12% to 0.18% of trade value | 0 |
| Options | 0 | |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees | Yes on CFD’s |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $0 | $50 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | YES from US bank account | |
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 16.500 | 0 |
| ETF & Funds | 35.000 | 0 |
| Crypto | 4 | 0 |
| Commodities | 1 | 0 |
| Indices | 3052 | 0 |
| Options | 50.000 | 0 |
| Futures | 245 | 0 |
| Bonds | 1.000.000 | 0 |
| Forex Instruments | 115 | 44 |
| CFD Indices & Funds | 13 | 16 |
| CFD Stocks | 8.000 | 226 |
| CFD Commodities | 2 | 19 |
| CFD Crypto | 0 | 16 |
| CFD Bonds | 0 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
Top findings from the Interactive Brokers vs. Moneta Markets review:
- Interactive Brokers has professional trading platforms with premium tools and tutorials.
- Moneta Markets is a top choice for low trading fees and valuable educational materials.
- Both brokers offer a virtual trading account to test their offering.
Interactive Brokers is a good choice for traders at all levels who want access to premium tools. We recommend Moneta Markets for beginning traders as it offers competitive prices and educational materials.
Level of experience
We recommend Interactive Brokers for traders at any experience level. Interactive Brokers has access to forex news and Trading Central. It offers educational tools, including investor dictionaries. The virtual trading account allows traders to test out the platform with zero risks.
Moneta Markets is best for beginner traders because it provides a smooth trading experience with the WebTrader app and MetaTrader suite. Moneta Markets has user-friendly platforms with a simple layout. This broker offers educational and research tools, including beginner and advanced videos.
Fees
Interactive Brokers has a minimum initial deposit of $0, while Moneta Markets charges $200. Both brokers have a transparent fee structure.
Assets
Interactive Brokers has 105 forex currency pairs, while Moneta Markets has 49 available pairs. Interactive Brokers provides access to 7400 CFDs, while Moneta Markets has 304 available CFDs.
Trading platform
Interactive Brokers has excellent desktop and web platforms. It offers valuable educational materials, including forex education and advanced trading videos. We recommend Interactive Brokers for professional traders.
Moneta Markets has MT4, MT5, and WebTrader App. The MetaTrader suite comes with many trading and research tools, including an economic calendar. The WebTrader app is easy to learn, as it has access to social sentiment. Moneta Markets offers trading tutorials, making it a top choice for inexperienced investors.
Banking services
Banking services contribute to a good trading experience. Interactive Brokers offers bank wires to its clients. Moneta Markets offers bank wire, credit/debit cards, PayPal and Skrill.
Final verdict
Interactive Brokers and Moneta Markets are top online brokers. Both have strengths and weaknesses depending on your trading skills and experience. Interactive Brokers is a top choice for professionals, as it has premium tools and platforms. Moneta Markets is a better choice for new traders because of its helpful learning materials.
Interactive Brokers compared to other brokers: