Two ECN-focused brokers face off in a stocks CFDs comparison. The tension centers on regulation breadth, platform depth, and exchange reach.
Pepperstone edges Moneta Markets on editorial score, driven by higher trust, platforms, and support. Moneta Markets remains regulated by ASIC and FSCA and offers ECN pricing, but Pepperstone's broader regulation and platform suite distinguish it.
Find out which stock broker best suits your investing profile.
Choose Moneta Markets if…
Choose Moneta Markets if you value ASIC and FSCA regulation and ECN-style pricing on stocks CFDs.
Choose Pepperstone if…
Choose Pepperstone if you want broad multi-regulatory oversight and access to IRESS DMA along with 1,000+ share CFDs.
Which broker wins for each type of stock trader, based on costs, safety, features, and editorial scoring.
Pepperstone has broader regulator coverage than Moneta Markets.
| Editorial score | 3.5/ 5 | 3.9/ 5 |
|---|---|---|
| Min deposit | $50 | No minimum▼ lower |
| Spreads from | 0 pips | 0 pips |
| Commission / lot | $6/lot▼ lower | $7/lot |
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | Moneta Markets | Pepperstone |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, SEC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS, SIPC) | Fail | Pass |
| Costs | ||
| Commission-free trading | Fail | Fail |
| Features | ||
| Fractional shares | Fail | Fail |
| Dividend reinvestment (DRIP) | Fail | Fail |
| Extended hours trading | Fail | Fail |
| IPO access | Fail | Fail |
| Short selling | Pass | Pass |
| Stock screener tool | Fail | Fail |
| Support | ||
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| 24/5 live chat | Fail | Pass |
| Phone support | Pass | Fail |
The scores are close: Moneta Markets rates 3.5/5 and Pepperstone rates 3.9/5. Pepperstone 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 Moneta Markets and Pepperstone start from the same spread of 0. For stock trading, also compare per-trade or per-share commissions to determine the total cost per transaction.
Pepperstone has no minimum deposit, while Moneta Markets requires at least $50. This makes Pepperstone more accessible for traders with limited starting capital.
Both Moneta Markets and Pepperstone 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: Pepperstone 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.
Moneta Markets lists maximum leverage of 1000:1, while Pepperstone lists up to 20:1. 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 trade, lower than Pepperstone's $7 per trade. Lower commissions benefit active traders who execute many trades per day. Stock commissions may be charged as a flat rate per trade or per share; confirm the exact structure on each broker's website.
Moneta Markets supports MetaTrader 5, Proprietary Web/Mobile, MetaTrader 4, while Pepperstone supports cTrader, IRESS, MetaTrader 5, TradingView, MetaTrader 4. Both provide MetaTrader 5 and MetaTrader 4. Moneta Markets has exclusive access to Proprietary Web/Mobile. Pepperstone has exclusive access to cTrader and IRESS and TradingView.
Neither Moneta Markets nor Pepperstone is listed as offering commission-free trading in our data. Compare each broker's commission schedule directly, as fees vary by account type and the markets you trade.
Pepperstone scores higher on investor protection criteria, with compensation scheme coverage and segregated client funds. For stock investors, confirming compensation scheme coverage ensures your assets are protected up to a defined limit if the broker becomes insolvent.
Pepperstone offers MT4/MT5, cTrader, TradingView, and IRESS DMA for active traders.
Pepperstone has a $0 minimum deposit, helping beginners start with no upfront capital.
Pepperstone provides access to more exchanges, 8 compared with Moneta's 5.
Pepperstone offers transparent commissions on share CFDs, making it cheaper for cost-conscious traders.
Equally matched; neither offers fractional shares or DRIP, limiting long-term investing features.
| 0.6 pips▼ lower |
| 0.7 pips |
| Inactivity fee | None | None |
|---|
| Deposit fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNeteller | Bank transferCredit cardDebit cardPayPalSkrill |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNeteller | Bank transferCredit cardPayPalSkrill |
|---|
| Withdrawal fee | Free | Free |
|---|
| Commission-free | No | No |
|---|
| Fractional shares | No | No |
|---|
| Dividend reinvestment | No | No |
|---|
| Extended hours | No | No |
|---|
| IPO access | No | No |
|---|
| Short selling | Yes | Yes |
|---|
| Regulators | ASIC FSCA FSA Seychelles | FCA ASIC DFSA FMA BaFin CySEC |
|---|
| Platforms | MetaTrader 5 Proprietary Web/Mobile MetaTrader 4 | cTrader IRESS MetaTrader 5 TradingView MetaTrader 4 |
|---|
Dig deeper into each broker’s features, fees, and regulation.
Score 3.5 / 5
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