Eightcap vs Moneta Markets - Fees Review included
Which broker is better Eightcap or Moneta Markets? Our expert assessment conducted according to TU’s own methodology showed that Eightcap is one of the top brokers in the financial market with the TU Overall Score of 9.04 out of 10. Moneta Markets is one of the top brokers in the financial market with the TU Overall Score of 4.53 out of 10. Find out more about TU Overall Score.
| Feature | Eightcap | Moneta Markets |
|---|---|---|
Overall |
2.9 |
44806 |
3.3 |
2.7 |
|
3.7 |
3 |
|
3.7 |
3.4 |
|
Investment Instruments |
1 |
1.4 |
Platforms and Charting Tools |
3.5 |
2 |
Deposit and Withdrawal |
3.6 |
3.6 |
Research |
3.9 |
2.9 |
Education |
3.4 |
4.1 |
Support |
3.6 |
2.8 |
Bonuses |
4 |
4.2 |
|
|
|
Eightcap vs Moneta Markets: Pros and Cons
Eightcap is regulated by the Australian Securities and Investment Commission (AFSL 443670) and by the Vanuatu Financial Services Commission (reg. no. 40377). Eightcap was incorporated in Melbourne, Australia, and offers its services as an online financial trading organization. Eightcap's line of business is Forex and CFD trading services offered to both retail and institutional clients. Eightcap gives access to one of the most popular trading platforms – MetaTrader 4.
Moneta Markets is a brokerage company that provides traders with the ability to trade over 300 Forex instruments. A distinctive feature of the broker is fast order execution. Moneta Markets clients have access to trading through the Moneta Markets Webtrader, a proprietary development of the company.specializing in Forex, CFDs, Commodities, Fibre Optic Communications and Fintech solutions for a global clientele.
| Eightcap | Moneta Markets | |
|---|---|---|
| Overall Pros | a large number of trading assets | Good bonus programs |
| Low fees | Withdrawal fee - 0%. | |
| Good bonus programs | Copy trading avaible | |
| Raw account avaible | ||
| Overall Cons | High minimum deposit - $100 | Support is not 24/7. |
| lack of investment programs | No cent accounts |
Eightcap vs Moneta Markets: Safety and Regulation
| Regulated By: | Eightcap | Moneta Markets |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
ASIC, VFSC |
VFSC |
Eightcap vs Moneta Markets: Trading Conditions
| Trading Conditions | Eightcap | Moneta Markets |
|---|---|---|
Minimum Deposit |
$100 |
$50 |
Trading Platforms |
Forex, Cryptocurrencies, Indicies, Commodities, Shares |
MT4, MT4 Mobile platform, MT5, MT5 Mobile platform, WebTrader, AppTrader |
Max Leverage (Futures) |
1-30 for Australian clients and 1-500 for Non-AU clients |
1-500 |
Supported Markets |
Forex, Cryptocurrencies, Indicies, Commodities, Shares |
Forex, Indices, Commodities, Share CFDs |
Trading assets |
3620+ |
300+ |
Trading Accounts |
Standard Account, Raw Account, Demo |
Moneta STP, Moneta ECN, Moneta PRIME |
Base Account Currencies |
AUD, USD, GBP, NZD, SGD, EUR |
USD, EUR, GBP, AUD, SGD, CAD, NZD, JPY, HKD |
Eightcap vs Moneta Markets: Fees
Forex Trading Fees
| Fee | Eightcap | Moneta Markets |
|---|---|---|
Standard Account EURUSD Average Spread |
0.76 pips |
2 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$0 |
$0 |
ECN Account EUR Average Spread |
0,06 pips |
0.8 pips |
CFD Trading Fees
| Fee | Eightcap | Moneta Markets |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | Eightcap | Moneta Markets |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
Bank transfers have variable fees, typically about 25$ |
No |
Inactivity Fee |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Eightcap vs Moneta Markets: Trading Assets
| Asset Name | Eightcap | Moneta Markets |
|---|---|---|
Overall |
3620+ |
300+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes (CFD) |
Metals |
Yes |
Yes (CFD) |
Cryptocurrencies |
Yes |
No |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes |
Yes (CFD) |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
No |
Binary Options |
No |
No |
Eightcap or Moneta Markets: Investment Programs
| Asset Name | Eightcap | Moneta Markets |
|---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Moneta Markets or Eightcap
| Eightcap | Moneta Markets | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
No |
|
|
|
Eightcap vs Moneta Markets: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Eightcap | Moneta Markets |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
No |
Eightcap vs Moneta Markets: Research
| Research Type | Eightcap | Moneta Markets |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
Eightcap vs Moneta Markets: Education
| Education Type | Eightcap | Moneta Markets |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
No |
Videos |
No |
Yes |
Cent account |
No |
No |
Moneta Markets vs Eightcap: Support
| Support Features | Eightcap | Moneta Markets |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
Eightcap vs Moneta Markets: Forex Bonuses and Promo
| Promo | Eightcap | Moneta Markets |
|---|---|---|
Forex Bonus |
If you are a new client of Eightcap and you fund your new live trading account with them within 10 days of your account being opened then you are eligible to earn up to a $1,000 trading credit bonus which you can also convert into real equity at a rate of $1 for every standard FX lot when you trade; $30 No-deposit bonus |
50% Deposit Bonus; If you have lost 75% or greater of your initial deposit of $1000 or more, we will give you a 25% rescue bonus |
Affiliate Program |
You can refer your followers and customers to earn passive income, with rebates up to $6 USD per lot and CPAs up to $900 USD |
Moneta Markets affiliates can earn up to $1200 CPA |
Other Promos |
||
|
|
|
Top 5 Reviews on Moneta Markets
-
Comment
At the moment, it is very difficult to find a normal broker and not fall for a scammer. Moneta Markets is one of the most stable brokers. Their terminal never gives errors, everything works fine, the execution is the best I've ever seen. It says only one thing - the company is honest!
-
Comment
I have been looking for a company that would meet all my requirements for a long time and finally found it. This Moneta Markets. Nothing is a problem here. Neither execution nor output. In addition, there is a very friendly and responsible support. I can wholeheartedly recommend this company!
-
Comment
At Moneta Markets, I tried the demo first. In principle, a few days were enough for a general understanding of the speed of the terminal and the execution of orders. In order to test the real conditions of the broker with minimal losses, I opened an STP account. The deposit on it is $50. ECN requires $200, so the choice was clear. Moneta Markets allows hedging and scalping. Robots and EAs are also not prohibited, but I did not connect them to STP, because the speed is definitely not enough. There are only 44 currency pairs, 6 cryptocurrencies in general. But there are more than 220 CFDs on shares. The minimum spreads for majors are around 1.3 points. But such values were rare, but the typical spreads for the Eurodollar are 2-2.5 points.
Top 5 Reviews on Eightcap
-
Comment
I can honestly say that Eightcap’s one of the best economic calendars I've ever used. It's a great way to stay up-to-date on the latest news and events that can impact the forex market. The calendar is easy to navigate, and it shows you the upcoming economic events, their estimated impact (low, medium, high), and the currency pairs that might be affected. You can see events like the Chicago Fed National Activity Index and the Westpac Consumer Confidence for Australia. This info is all really helpful for planning your trades. Recently, I used the AvaTrade calendar to see what economic data was coming out for the US dollar (USD). There was a big report on retail sales coming up, and AvaTrade predicted it could have a high impact on the USD. I decided to hold off on a trade I was considering until after the report was released, just in case it caused a lot of volatility. Turned out to be a good decision, because the USD price moved a lot after the report came out.
-
Comment
So, let me tell you a little about my experience with Eightcap. Their registration process? Quite thorough. They did a good job explaining the options during sign-up. However, uploading documents could use some improvement. I found it a bit tricky at first, and it didn't seem to overwrite previous uploads, which was a bit confusing. So yeah, some roadblocks in the way but my overall experience has been positive so far with Eightcap.
-
Comment
I've been using Eightcap for a few weeks now, and I've been impressed with their customer service. The other day, I had a question about depositing funds to my account. I didn't want to wait on hold on the phone, so I decided to try their chatbot support. To my surprise, the chatbot was really helpful. It was able to answer my question quickly and easily, without any hassle. Based on my experience, Eightcap's chatbot seems like a great resource for getting quick answers to basic questions. It's definitely a plus for new traders who might be unfamiliar with the platform or forex trading in general. Of course, if you have a more complex issue, you might still need to contact a live person. But for those simple questions, the chatbot is a great way to go.
-
Comment
I've been trading with Eightcap for about a year now. The broker offers reasonable trading conditions, a fast platform, and instant order execution. Traders here are not restricted from trading on news events, and any strategies can be applied. It's important that the Eightcap terminal doesn't disappoint, with the server connection always stable. Overall, the platform operates smoothly without freezes or glitches.
-
Comment
The broker Eightcap can provide good trading opportunities. There are no special features here, but the platform works quickly. Therefore, you can trade actively and open trades in a medium-term trading system. Eightcap has proven itself quite well. I have been working with them for two years and haven't noticed any serious problems.
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FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.