Two regulated brokers face off over regulation, pricing, and platform breadth. FP Markets and Moneta Markets present contrasting strengths that matter to active traders.
FP Markets edges Moneta Markets on the editorial score, driven by stronger regulation and investor compensation coverage.
Find out which broker best suits your trader profile.
Choose FP Markets if…
FP Markets for true ECN pricing and broad platform access. Moneta Markets for a proprietary platform and multi-regulatory licensing.
Choose Moneta Markets if…
FP Markets for true ECN pricing and broad platform access. Moneta Markets for a proprietary platform and multi-regulatory licensing.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Both brokers offer spreads from 0.00 pips.
| Editorial score | 4.5/ 5 | 4.1/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.6 / 5▲ | 4.1 / 5 |
Pros
True ECN pricing from 0.0 pips + $6 round-turn commission
Supports MT4, MT5, and cTrader, all three major platforms
IRESS platform for direct-access share CFD trading
Strong ASIC and CySEC regulation
Client funds held in segregated accounts
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | FP 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 | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | 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: FP Markets rates 4.5/5 and Moneta Markets rates 4.1/5. FP 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.
Both FP Markets and Moneta Markets start from 0 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
Moneta Markets has $50, while FP Markets requires at least $100. This makes Moneta Markets more accessible for traders with limited starting capital.
Both FP 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: Moneta Markets requires a lower minimum deposit ($50), lowering the barrier to entry, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
FP Markets lists maximum leverage of 500:1, 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.
Both FP Markets and Moneta Markets charge the same commission of $6 per lot on applicable accounts.
FP Markets supports cTrader, IRESS, MetaTrader 5, TradingView, MetaTrader 4, while Moneta Markets supports MetaTrader 5, Proprietary Web/Mobile, MetaTrader 4. Both provide MetaTrader 5 and MetaTrader 4. FP Markets has exclusive access to cTrader and IRESS and TradingView. Moneta Markets has exclusive access to Proprietary Web/Mobile.
FP Markets shows stronger investor protection with coverage and solid ASIC regulation.
FP Markets delivers active trader features like ECN pricing, MT4/MT5, and IRESS.
Both brokers offer equivalent ECN conditions including raw spread accounts, commissions, and spread levels.
FP Markets provides MT4, MT5, cTrader, TradingView, and IRESS.
Moneta Markets is best for beginners due to the $50 minimum deposit.
FP Markets wins for instrument variety with about 10,000 instruments.
Fees & Spreads 30% weight | 4.5 / 5▲ | 4.4 / 5 |
|---|
Platforms & Tools 20% weight | 4.4 / 5▲ | 4.0 / 5 |
|---|
Customer Support 10% weight | 4.3 / 5▲ | 4.0 / 5 |
|---|
| Founded | 2005 | 2019 |
|---|
| Headquarters | Sydney, Australia | Sydney, Australia |
|---|
| Min Deposit | $100 | $50▼ lower |
|---|
| Spreads From | 0 pips | 0 pips |
|---|
| Commission / lot | $6/lot | $6/lot |
|---|
| 0.6 pips | 0.6 pips |
| Max Leverage | 500:1▲ higher | 1,000:1 |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNetellerPOLiPayPal | Bank transferCredit cardDebit cardSkrillNeteller |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNetellerPOLi | Bank transferCredit cardSkrillNeteller |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | ASIC CySEC | ASIC FSCA FSA Seychelles |
|---|
| Platforms | cTrader IRESS MetaTrader 5 TradingView MetaTrader 4 | MetaTrader 5 Proprietary Web/Mobile MetaTrader 4 |
|---|
| Active bonuses |
|---|
Negative balance protection
Investor compensation scheme coverage
Raw spread account available
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
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
IRESS platform has a monthly fee for lower-volume traders
Customer support primarily oriented toward Australian trading hours
Not available to US residents
No proprietary platform
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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