Oanda vs Moneta Markets - Fees Review included
Which broker is better Oanda or Moneta Markets? Our expert assessment conducted according to TU’s own methodology showed that Oanda is one of the top brokers in the financial market with the TU Overall Score of 5.28 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 | Oanda | Moneta Markets |
|---|---|---|
Overall |
4.4 |
44806 |
5 |
2.7 |
|
4.5 |
3 |
|
3.5 |
3.4 |
|
Investment Instruments |
4.1 |
1.4 |
Platforms and Charting Tools |
4.8 |
2 |
Deposit and Withdrawal |
4.2 |
3.6 |
Research |
4.7 |
2.9 |
Education |
4.5 |
4.1 |
Support |
4.8 |
2.8 |
Bonuses |
4.6 |
4.2 |
|
|
|
Oanda vs Moneta Markets: Pros and Cons
Olsen & Associates, also known as OANDA, is a US-registered company set up to offer a plethora of financial services to clients around the world. Its history goes as far back as 1996, and it is now under regulation in four jurisdictions. The broker has licenses from different regulators, of which the United Kingdom Financial Conduct Authority (FCA) is the major one.
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.
| Oanda | Moneta Markets | |
|---|---|---|
| Overall Pros | Regulated by a range of reputable financial bodies | Good bonus programs |
| Real-time news and fundamental analysis tools | Withdrawal fee - 0%. | |
| localized and multilingual phone support | Copy trading avaible | |
| User-friendly platform for new forex traders | ||
| Outstanding research tools | ||
| Financial information publicly available | ||
| High educational value through written content and videos | ||
| Orders get executed with no requotes | ||
| Deposit minimum as low as $1 | ||
| Overall Cons | No programs offering bonus | Support is not 24/7. |
| Slow withdrawal of funds | No cent accounts |
Oanda vs Moneta Markets: Safety and Regulation
| Regulated By: | Oanda | Moneta Markets |
|---|---|---|
US Regulation |
Yes (CFTC, NFA) |
No |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
Yes |
No |
Other Regulators |
European Union (regulated by the MFSA), Singapore (regulated by the MAS), Canada (regulated by IIROC), Japan (regulated by FSA) |
VFSC |
Oanda vs Moneta Markets: Trading Conditions
| Trading Conditions | Oanda | Moneta Markets |
|---|---|---|
Minimum Deposit |
No minimum deposit |
$50 |
Trading Platforms |
MT4, OANDA, TradingView |
MT4, MT4 Mobile platform, MT5, MT5 Mobile platform, WebTrader, AppTrader |
Max Leverage (Futures) |
1-50 |
1-500 |
Supported Markets |
Forex, CFDs (not for all entetities): Forex, Indexes, Commodities, Metals, Bonds, Cryptocurrencies |
Forex, Indices, Commodities, Share CFDs |
Trading assets |
120+ |
300+ |
Trading Accounts |
Standard, Core, and Swap-free |
Moneta STP, Moneta ECN, Moneta PRIME |
Base Account Currencies |
USD, EUR, HKD, SGD |
USD, EUR, GBP, AUD, SGD, CAD, NZD, JPY, HKD |
Oanda vs Moneta Markets: Fees
Forex Trading Fees
| Fee | Oanda | Moneta Markets |
|---|---|---|
Standard Account EURUSD Average Spread |
1.2 pips |
2 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
not offered |
$0 |
ECN Account EUR Average Spread |
not offered |
0.8 pips |
CFD Trading Fees
| Fee | Oanda | Moneta Markets |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | Oanda | Moneta Markets |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
$20 - just for bank transfer |
No |
Inactivity Fee |
After 12 months of inactivity, 10 units of your account’s currency denomination |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Oanda vs Moneta Markets: Trading Assets
| Asset Name | Oanda | Moneta Markets |
|---|---|---|
Overall |
120+trading assets |
300+ |
Forex |
Yes |
Yes |
Stocks |
No |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
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 |
Oanda or Moneta Markets: Investment Programs
| Asset Name | Oanda | Moneta Markets |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Moneta Markets or Oanda
| Oanda | Moneta Markets | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
Oanda |
No |
Others |
No |
No |
|
|
|
Oanda vs Moneta Markets: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Oanda | Moneta Markets |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes (not for all markets) |
Yes |
Crypto |
No |
No |
Oanda vs Moneta Markets: Research
| Research Type | Oanda | Moneta Markets |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
No |
Oanda vs Moneta Markets: Education
| Education Type | Oanda | Moneta Markets |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
No |
Videos |
Yes |
Yes |
Cent account |
Yes |
No |
Moneta Markets vs Oanda: Support
| Support Features | Oanda | Moneta Markets |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
Oanda vs Moneta Markets: Forex Bonuses and Promo
| Promo | Oanda | Moneta Markets |
|---|---|---|
Forex Bonus |
Yes (Not for all countries) |
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 |
Rebates and commission markdowns |
|
|
|
|
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 Oanda
-
Comment
I can describe OANDA as one of the most proper brokers on the currency market. It works quickly, there are no failures, and no market movements have a significant impact on it. I'm safe here.
-
Comment
OANDA is a good company and I plan to continue trading with them. I started with a demo account and then switched to a live one with a small deposit. OANDA successfully passed my tests in trading and withdrawals. I easily withdraw profits to my bank card.
-
Comment
I got acquainted with the OANDA broker online. Initially, I read reviews about it and decided to give this platform a try. If you do everything correctly, you can pass the verification process, although it does take some time. Then, the actual trading process began. The conditions at OANDA are average, so I can give this broker a decent rating.
-
Comment
The broker OANDA is licensed by reliable regulators, offers a wide range of financial services, boasts years of experience, multiple regulators, and significant awards. There is a vast selection of popular trading instruments, a very low minimum deposit, and qualified technical support. However, the OANDA website occasionally functions poorly. Overall, I currently have no major complaints about trading with this broker.
-
Comment
OANDA offers tight spreads, is licensed, and has a low entry threshold and fast withdrawals. The overall impression of working with this company is positive. I would recommend this broker. Another advantage is that OANDA's client support is excellent.
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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.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!