IG vs Moneta Markets Forex Broker Comparison
A head-to-head comparison of IG and Moneta Markets across regulation, trading costs, platforms, and editorial scoring.
IG invented spread betting in 1974 and remains the benchmark for experienced UK and European traders: unmatched market breadth, a genuinely excellent proprietary platform, and regulatory credibility that few brokers can match - at the cost of slightly higher charges than specialist ECN desks.
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
IG winsClear Winner
IG comes out ahead with an editorial score of 4.8/5 compared to Moneta Markets's 4.1/5.
IG
4.8/5
Moneta Markets
4.1/5
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
Recommended
Moneta Markets offers tighter spreads from 0 pips vs 0.6 pips for IG, reducing trading costs.
Best for safety & regulation
Recommended
IG has a stronger safety profile: top-tier regulation, compensation scheme, segregated funds, negative balance protection.
Best for active traders
Recommended
Moneta Markets has a cost edge: raw/ECN spreads, tighter spreads from 0 pips.
Best for platform choice
It's a tie
Both equally suited
Both brokers offer an equivalent platform selection with similar exclusive and proprietary options.
Best for beginners
Recommended
IG edges out Moneta Markets with a higher editorial score (4.8/5 vs 4.1/5), indicating a stronger overall experience for new traders.
IG vs Moneta Markets: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.8/ 5 | 4.1/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 5.0 / 5▲ | 4.1 / 5 |
Fees & Spreads 30% weight | 4.8 / 5▲ | 4.4 / 5 |
Platforms & Tools 20% weight | 5.0 / 5▲ | 4.0 / 5 |
Customer Support 10% weight | 4.5 / 5▲ | 4.0 / 5 |
| Founded | 1974 | 2019 |
| Headquarters | London, United Kingdom | Sydney, Australia |
| Min deposit | No minimum | $50 |
| Spreads from | 0.6 pips | 0 pips |
| Commission / lot | N/A | $6/lot |
| Max leverage | 30:1 | 1000:1 |
| Withdrawal fee | Free | Free |
| Regulators | FCA ASIC DFSA BaFin Finansinspektionen Finanstilsynet FMA CMVM CBI Finanstilsynet KNF | FSCA ASIC FSA Seychelles |
| Platforms | MetaTrader 4 Proprietary Web/Mobile TradingView | MetaTrader 4 Proprietary Web/Mobile MetaTrader 5 |
| Active bonuses | ||
| Visit broker | Visit IG | Visit Moneta Markets |
IG vs Moneta Markets Forex Broker Pros & Cons
Pros
LSE-listed with FCA and ASIC regulation - among the most credible regulatory stacks in retail CFDs
19,000+ markets including weekend crypto, volatility indices, and EM pairs - genuine breadth, not a padded count
Proprietary platform with ProRealTime charts, Reuters news, and DMA equity routing built in
Spread betting available for UK clients - tax-free gains on the same account used for CFD trading
No minimum deposit and no deposit or withdrawal fee on standard methods
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
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
Market maker on forex - not suitable for scalpers who need sub-0.1 pip raw ECN spreads
Inactivity fee of £12/month kicks in after 24 months with no trades
Onboarding verification is slower than smaller or offshore brokers
Customer support quality drops outside UK business hours
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
IG vs Moneta Markets: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
1
IG
criteria win
2
Moneta Markets
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | IG | 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 |
IG vs Moneta Markets: Frequently Asked Questions
Based on our independent editorial scoring, IG ranks higher with a score of 4.8/5 vs 4.1/5 for Moneta Markets. The best choice still depends on your individual trading needs; IG and Moneta Markets may each suit different trader profiles.
Moneta Markets offers tighter spreads starting from 0 pips, compared to IG's spreads from 0.6 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
IG has a lower minimum deposit of no minimum required, while Moneta Markets requires at least $50. This makes IG more accessible for traders with limited starting capital.
Both IG 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: IG has a lower minimum deposit (no minimum), lowering the barrier to entry; both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.
IG offers maximum leverage of 30:1, 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.
Moneta Markets charges $6 per lot on commission-based accounts. Commission details for the other broker are not currently available. Check their website for up-to-date pricing.
IG supports MetaTrader 4, Proprietary Web/Mobile, TradingView and Moneta Markets offers MetaTrader 4, Proprietary Web/Mobile, MetaTrader 5; both support MetaTrader 4, Proprietary Web/Mobile; IG exclusively offers TradingView; Moneta Markets exclusively offers MetaTrader 5.
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