Two regulated brokers face off over fees, platforms, and fund protection. The tension lies in regulation strength, pricing transparency, and platform depth.
CMC Markets edges Moneta Markets on the editorial score, driven by a higher overall score and stronger Trust & Regulation ratings.
Find out which broker best suits your trader profile.
Choose CMC Markets if…
Choose CMC Markets if you want no inactivity fee, 12000 instruments, and investor compensation scheme coverage.
Choose Moneta Markets if…
Choose Moneta Markets if you want raw ECN spreads with 0 pips and $6/lot commission, plus no investor compensation scheme.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Moneta Markets offers tighter spreads from 0.00 pips vs 0.70 pips for CMC Markets, reducing trading costs.
| Editorial score | 4.5/ 5 | 4.1/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.6 / 5▲ | 4.1 / 5 |
Pros
FCA-regulated, LSE-listed
Excellent proprietary platform
MT4 also available
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | CMC Markets | Moneta Markets |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Pass | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
The scores are close: CMC Markets rates 4.5/5 and Moneta Markets rates 4.1/5. CMC Markets has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
Moneta Markets starts from 0 pips, tighter than CMC Markets's 0.7 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
CMC Markets has no minimum deposit, while Moneta Markets requires at least $50. This makes CMC Markets more accessible for traders with limited starting capital.
Both CMC Markets and Moneta Markets hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: CMC Markets has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
CMC Markets lists maximum leverage of 30:1, while Moneta Markets lists up to 1000:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Moneta Markets charges $6 per lot on commission-based accounts. Commission details for CMC Markets are not currently available. Check their website for up-to-date pricing.
CMC Markets supports ProRealTime, Proprietary Web/Mobile, MetaTrader 4, while Moneta Markets supports MetaTrader 5, Proprietary Web/Mobile, MetaTrader 4. Both provide Proprietary Web/Mobile and MetaTrader 4. CMC Markets has exclusive access to ProRealTime. Moneta Markets has exclusive access to MetaTrader 5.
CMC Markets wins for safety and regulation with multiple top-tier licenses and segregated client funds.
Moneta Markets wins for active traders with raw ECN spreads and high leverage.
Moneta Markets is better suited for scalpers: raw/ECN spreads available, tighter spreads from 0.00 pips.
Moneta Markets wins for platform choice with MT4, MT5, and a proprietary AppTrader.
CMC Markets wins for beginners with zero min deposit and robust protection.
CMC Markets wins for instrument variety with 12000 tradable instruments.
Fees & Spreads 30% weight | 4.4 / 5 | 4.4 / 5 |
|---|
Platforms & Tools 20% weight | 4.5 / 5▲ | 4.0 / 5 |
|---|
Customer Support 10% weight | 4.2 / 5▲ | 4.0 / 5 |
|---|
| Founded | 1989 | 2019 |
|---|
| Headquarters | London, United Kingdom | Sydney, Australia |
|---|
| Min Deposit | No minimum▼ lower | $50 |
|---|
| Spreads From | 0.7 pips | 0 pips▼ lower |
|---|
| Commission / lot | N/A | $6/lot |
|---|
| N/A | 0.6 pips |
| Max Leverage | 30:1▲ higher | 1,000:1 |
|---|
| Inactivity Fee | £10/month (after 12 months) | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit card | Bank transferCredit cardDebit cardSkrillNeteller |
|---|
| Withdrawal methods | Bank transferCredit card | Bank transferCredit cardSkrillNeteller |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | FCA ASIC DFSA FMA BaFin | ASIC FSCA FSA Seychelles |
|---|
| Platforms | ProRealTime Proprietary Web/Mobile MetaTrader 4 | MetaTrader 5 Proprietary Web/Mobile MetaTrader 4 |
|---|
| Active bonuses |
|---|
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
ASIC, FSCA, and FSA Seychelles licensing, choice of regulatory framework
Pro ECN account: 0.0 pip spreads with $6 commission
MT4, MT5, and proprietary AppTrader platform
Strong localisation for Africa and Asia
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Negative balance protection
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Cons
Inactivity fee after 12 months
No raw spread account option
Cons
Founded 2019, limited track record vs established competitors
Lower brand recognition outside Africa and Asia
FSA Seychelles entity offers limited investor protection
No investor compensation scheme
Dig deeper into each broker’s features, fees, and regulation.
Score 4.1 / 5
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