MTrading vs Moneta Markets - Fees Review included
Which broker is better MTrading or Moneta Markets? Our expert assessment conducted according to TU’s own methodology showed that MTrading is one of the top brokers in the financial market with the TU Overall Score of 2.99 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 | MTrading | Moneta Markets |
|---|---|---|
Overall |
3.5 |
44806 |
1 |
2.7 |
|
3.8 |
3 |
|
3.6 |
3.4 |
|
Investment Instruments |
3.5 |
1.4 |
Platforms and Charting Tools |
3.6 |
2 |
Deposit and Withdrawal |
4 |
3.6 |
Research |
3.5 |
2.9 |
Education |
3.5 |
4.1 |
Support |
4.1 |
2.8 |
Bonuses |
4.2 |
4.2 |
|
|
|
MTrading vs Moneta Markets: Pros and Cons
“MTrading” broker is the company that presents its brokerage services in the field of online-trading, giving a possibility to deal with currencies, precious metals, securities, etc. “MTrading” company offers to use up-to-date and advanced software, which will allow you to carry out an efficient trading on the financial markets regardless of your experience.
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.
| MTrading | Moneta Markets | |
|---|---|---|
| Overall Pros | Low minimum deposit requirements | Good bonus programs |
| Demo account is free and available | Withdrawal fee - 0%. | |
| Copy trading avaible | Copy trading avaible | |
| Overall Cons | Not regulated | Support is not 24/7. |
| No cent accounts | No cent accounts |
MTrading vs Moneta Markets: Safety and Regulation
| Regulated By: | MTrading | Moneta Markets |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
No |
VFSC |
MTrading vs Moneta Markets: Trading Conditions
| Trading Conditions | MTrading | Moneta Markets |
|---|---|---|
Minimum Deposit |
$1 |
$50 |
Trading Platforms |
MetaTrader 4, MT4 Multiterminal, MT4 Supreme Edition, MT4 Web Trader |
MT4, MT4 Mobile platform, MT5, MT5 Mobile platform, WebTrader, AppTrader |
Max Leverage (Futures) |
1-1000 |
1-500 |
Supported Markets |
Forex, Stocks, Commodities, Indices |
Forex, Indices, Commodities, Share CFDs |
Trading assets |
100+ |
300+ |
Trading Accounts |
Demo, M.Premium, M.Pro |
Moneta STP, Moneta ECN, Moneta PRIME |
Base Account Currencies |
EUR, USD, RUB |
USD, EUR, GBP, AUD, SGD, CAD, NZD, JPY, HKD |
MTrading vs Moneta Markets: Fees
Forex Trading Fees
| Fee | MTrading | Moneta Markets |
|---|---|---|
Standard Account EURUSD Average Spread |
1.2 pips |
2 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
$0 |
ECN Account EUR Average Spread |
Not supported |
0.8 pips |
CFD Trading Fees
| Fee | MTrading | Moneta Markets |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | MTrading | Moneta Markets |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
Visa/Mastercard - 1,5%; Perfect Money - 1%; Wire transfer/Skrill/Neteller - 0% |
No |
Withdrawal Fee |
Visa/Mastercard - 1,5%; Perfect Money - 1%; Wire transfer - 0%; Skrill/Neteller - 3% |
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.
MTrading vs Moneta Markets: Trading Assets
| Asset Name | MTrading | Moneta Markets |
|---|---|---|
Overall |
100+ |
300+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
No |
No |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
MTrading or Moneta Markets: Investment Programs
| Asset Name | MTrading | Moneta Markets |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
Yes |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Moneta Markets or MTrading
| MTrading | Moneta Markets | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
No |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
No |
|
|
|
MTrading vs Moneta Markets: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | MTrading | Moneta Markets |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
No |
MTrading vs Moneta Markets: Research
| Research Type | MTrading | Moneta Markets |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
No |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
No |
MTrading vs Moneta Markets: Education
| Education Type | MTrading | Moneta Markets |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
No |
Videos |
No |
Yes |
Cent account |
No |
No |
Moneta Markets vs MTrading: Support
| Support Features | MTrading | Moneta Markets |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
MTrading vs Moneta Markets: Forex Bonuses and Promo
| Promo | MTrading | Moneta Markets |
|---|---|---|
Forex Bonus |
Welcome Bonus 30$, Deposit Bonus up to 200%. |
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 |
Yes |
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 MTrading
-
Comment
Without a doubt, MTrading is reliable. I opened an account there a long time ago and during all this time there was no reason to change the broker. The main thing is that I have withdrawn my profits more than once to different payment systems; depending on the system, withdrawals take from two hours to two days. There are no special complaints regarding trading. There are, however, gaps and slippages. Well, where would we be without them? But I didn’t notice any manipulations on the part of MTrading.
-
Comment
MTrading is one of the oldest brokers and it has a high rating on various platforms. Therefore, many people leave positive reviews of this company. What I personally want to say about MTrading is that its conditions are the same as with others, reliability is also an important aspect for work. I am satisfied with the withdrawal process, because all funds are withdrawn on time and in full.
-
Comment
I tried trading with MTrading twice. The first time, I lost money, but I assumed it was due to my mistakes. However, when I tried trading here again a year later, I realized that the issue was not with me but with the company. The MTrading platform is very slow, making it impossible to open trades quickly. Moreover, the gaps that appear every day can wipe out all trades.
-
Comment
Collaborating with MTrading has caused significant issues. I don't believe this company is focused on providing quality brokerage services. After transferring my funds here, the platform stopped working altogether after three months of trading. I waited for another two months, wrote emails to MTrading's support, but there was no result. Now I've received a message that MTrading has fixed the platform, and trading is possible again. However, I no longer wish to deal with this broker.
-
Comment
Mtrading isn’t licensed by any regulator. Therefore, no one can give you a guarantee that there will be no problems with trading and finance. And there are a lot of problems. I opened an account with Mtrading three months ago and have already lost $250. The broker's trading platform works very slowly and Internet connection often disappears. Therefore, it is impossible to trade profitably. And since the company does not have a regulator, there is no one to complain to.
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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.