FXOpen vs Moneta Markets Forex Broker Comparison
A head-to-head comparison of FXOpen and Moneta Markets across regulation, trading costs, platforms, and editorial scoring.
Triple-regulated ECN specialist (FCA, CySEC, ASIC) and early cTrader adopter with one of the lowest commission structures in retail ECN - $1.5 per side per lot - making it highly cost-effective for active traders.
VS
Score 4.1 / 5
2 bonusesMulti-regulated broker with ASIC, FSCA, and FSA Seychelles licences, offering competitive raw ECN conditions and a proprietary platform alongside MT4 and MT5 - growing presence in Africa and Asian markets.
Our Verdict
FXOpen winsby 0.1 pts
FXOpen edges ahead with a score of 4.2/5 vs Moneta Markets's 4.1/5. A narrow margin, so review the breakdown below to see where each broker has a clear advantage.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
It's a tie
Both equally suited
Both brokers offer spreads from 0 pips.
Best for safety & regulation
Recommended
FXOpen has a stronger safety profile: top-tier regulation, compensation scheme, segregated funds, negative balance protection.
Best for platform choice
Recommended
Moneta Markets offers more exclusive platform options: Proprietary Web/Mobile, a proprietary platform.
Best for beginners
Recommended
FXOpen edges out Moneta Markets with a higher editorial score (4.2/5 vs 4.1/5), indicating a stronger overall experience for new traders.
FXOpen vs Moneta Markets: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.2/ 5 | 4.1/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.5 / 5▲ | 4.1 / 5 |
Fees & Spreads 30% weight | 4.8 / 5▲ | 4.4 / 5 |
Platforms & Tools 20% weight | 4.4 / 5▲ | 4.0 / 5 |
Customer Support 10% weight | 4.0 / 5 | 4.0 / 5 |
| Founded | 2003 | 2019 |
| Headquarters | London, United Kingdom | Sydney, Australia |
| Min deposit | $100 | $50 |
| Spreads from | 0 pips | 0 pips |
| Commission / lot | $3/lot | $6/lot |
| Max leverage | 500:1 | 1000:1 |
| Withdrawal fee | Free | Free |
| Regulators | FCA ASIC CySEC | FSCA ASIC FSA Seychelles |
| Platforms | MetaTrader 4 MetaTrader 5 cTrader | MetaTrader 4 MetaTrader 5 Proprietary Web/Mobile |
| Active bonuses | ||
| Visit broker | Visit FXOpen | Visit Moneta Markets |
FXOpen vs Moneta Markets Forex Broker Pros & Cons
Pros
FCA, CySEC, and ASIC triple regulation
$3 round-turn ECN commission - one of the lowest in retail forex
Early cTrader adopter with mature integration
MT4, MT5, and cTrader all available
Client funds held in segregated accounts
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
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
$100 minimum deposit on ECN accounts
Less brand recognition than larger competitors
Customer support coverage narrower than global tier-1 brokers
No proprietary platform
No phone support
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
FXOpen vs Moneta Markets: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
1
FXOpen
criteria win
2
Moneta Markets
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | FXOpen | 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 | Fail | Pass |
| Multilingual support | Pass | Pass |
FXOpen vs Moneta Markets: Frequently Asked Questions
Based on our independent editorial scoring, FXOpen ranks higher with a score of 4.2/5 vs 4.1/5 for Moneta Markets. The best choice still depends on your individual trading needs; FXOpen and Moneta Markets may each suit different trader profiles.
Both FXOpen and Moneta Markets offer spreads starting from 0 pips, making them equivalent on this metric. Consider commissions and account types when evaluating total trading costs.
Moneta Markets has a lower minimum deposit of $50, while FXOpen requires at least $100. This makes Moneta Markets more accessible for traders with limited starting capital.
Both FXOpen and Moneta Markets hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Both are considered safe. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners: Moneta Markets has a lower minimum deposit ($50), lowering the barrier to entry; both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.
FXOpen offers maximum leverage of 500:1, while Moneta Markets offers up to 1000:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
FXOpen charges $3 per lot, lower than Moneta Markets's $6 per lot. Lower commissions benefit active traders who execute many trades per day.
FXOpen supports MetaTrader 4, MetaTrader 5, cTrader and Moneta Markets offers MetaTrader 4, MetaTrader 5, Proprietary Web/Mobile; both support MetaTrader 4, MetaTrader 5; FXOpen exclusively offers cTrader; Moneta Markets exclusively offers Proprietary Web/Mobile.
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Score 4.1 / 5
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