Written by ForexBrokers.com
In this head to head comparison of Fineco vs Moneta Markets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When comparing online brokers Fineco and Moneta Markets, several key differences emerge. Founded in 1999, Fineco is not only older but is also publicly traded and operates as a bank, which offers additional security for investors. In contrast, Moneta Markets was established in 2009, is not publicly traded, and does not operate as a bank. This distinction is further underlined by their regulatory standings. Fineco holds two Tier-1 licenses, indicating a high level of trust, and has earned a ForexBrokers.com Trust Score of 94, categorizing it as a highly trusted broker.
Meanwhile, Moneta Markets holds one Tier-2 license, placing it in a somewhat trusted but less esteemed category than Fineco. With a ForexBrokers.com Trust Score of 71, Moneta Markets is seen as an average risk broker. These factors suggest that Fineco may offer more regulated and potentially safer investment options than Moneta Markets, making them a preferable choice for more cautious investors.
| Feature |
Fineco
|
Moneta Markets
|
|---|---|---|
| Year Founded | 1999 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Fineco's commission and fee structure lacks transparency due to the absence of average spread data for forex and CFD trading. This makes it challenging to gauge its overall trading costs accurately. The brokerage lists a spread of 1 pip and occasionally 0.8 pips for the EUR/USD pair. However, these are not advertised as average values, and no specific time frame is provided. Although Fineco reportedly offers lower spreads on index CFDs, the details remain somewhat unclear. With these factors in mind, Fineco's commission and fees receive a 3.5-star rating, placing it at a rank of 51 out of 63 brokers in ForexBrokers.com's review.
Moneta Markets presents a more detailed and varied pricing structure across its three account types. The commission-free Direct STP account features an average spread of 1.38 pips for the EUR/USD pair, while the commission-based Prime ECN account offers a considerably lower average spread of 0.194 pips, with an additional commission of $3 per side for a 100,000-unit trade. This results in a total cost of about 0.79 pips, which is competitive within the industry. The Ultra ECN account, with tighter spreads and a commission of $2 per round-turn lot, requires a $20,000 deposit. Despite these options, Moneta Markets still falls short of the leading forex brokers. However, its commission and fees are rated 4.5 stars, ranking it 16th out of 63 brokers according to ForexBrokers.com.
In summary, Fineco and Moneta Markets cater to different preferences when it comes to commission and fees. Fineco, with a higher spread and no specific average values, may not be the first choice for cost-conscious traders. In contrast, Moneta Markets provides flexibility through varying account options, offering competitive spreads and commissions for those ready to meet higher deposit requirements. These differences are reflected in their respective rankings and ratings, with Moneta standing out as the more cost-effective choice for most traders.
| Feature |
Fineco
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | N/A | 1.38 |
| All-in Cost EUR/USD - Active | N/A | 0.79 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
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When comparing Fineco and Moneta Markets, both brokers offer forex trading through CFD or spot contracts, providing investors with flexible currency trading options. Fineco stands out with a significantly higher number of tradeable symbols, totaling 9,770 compared to Moneta Markets' 1,016. In terms of forex pairs, Fineco also offers a slightly wider selection with 54 pairs, while Moneta Markets provides 45 pairs. A key difference lies in the availability of exchange-traded securities; Fineco offers access to both U.S. and international stocks, allowing clients to invest in shares like Apple and Vodafone directly. In contrast, Moneta Markets does not offer direct access to such securities.
Moneta Markets distinguishes itself with the availability of copy trading, a feature not offered by Fineco, providing an option for investors interested in mirroring the trades of experienced traders. Meanwhile, neither broker provides the option to buy actual cryptocurrencies, though Moneta Markets does offer cryptocurrency derivatives. Fineco is rated slightly higher for its range of investments with 4.5 stars compared to Moneta Markets' 4 stars. This difference is reflected in their rankings, with Fineco placed at #16 and Moneta Markets at #35 out of 63 brokers on ForexBrokers.com. Overall, Fineco offers a broader range of investment options, particularly for those interested in trading global stocks directly.
| Feature |
Fineco
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 1016 |
| Forex Pairs (Total) | 54 | 45 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When diving into the world of online trading, Fineco and Moneta Markets are two platforms that offer distinct features catered to different trader needs. Fineco stands out with its proprietary trading platform developed in-house, providing a custom trading experience available on both desktop and web-based platforms. While Fineco does not offer simulated trading or a virtual demo account, it does cater well to traders using Windows-based systems. In terms of charting tools, Fineco offers 7 drawing tools, but it lacks the ability to trade directly from a stock chart, which might be a consideration for active traders. With a rating of 4 stars for trading platforms and tools, Fineco ranks 18th out of 63 brokers by ForexBrokers.com.
On the other hand, Moneta Markets delivers a more versatile trading environment with its support for popular platforms like MetaTrader 4 and MetaTrader 5, alongside a web-based and Windows-compatible desktop platform. Unlike Fineco, Moneta Markets provides a free virtual demo account, making it an attractive option for those new to trading. Additionally, Moneta Markets offers an extensive array of 78 drawing tools for charting and the ability to trade directly from stock charts, which can significantly enhance the trading experience. With advanced features such as copy trading and integration with DupliTrade, Moneta Markets also holds a 4-star rating in the trading platforms category, though it ranks lower at 33rd out of 63 brokers by ForexBrokers.com.
| Feature |
Fineco
|
Moneta Markets
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | Yes |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 105 |
| Charting - Drawing Tools (Total) | 7 | 78 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 4 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Fineco and Moneta Markets cater to traders using iPhones and Android devices, featuring capabilities such as stock and forex price alerts and the ability to view multiple time frames on charts. However, Moneta Markets steps ahead by offering watchlist symbol syncing, letting users maintain a cohesive watchlist experience across their mobile and online platforms. Additionally, Moneta Markets provides a richer charting experience with 30 technical studies compared to Fineco’s 6, as well as offering tools like trendline drawing and automatic saving of chart annotations, enhancing the overall user experience. While Fineco users benefit from price alerts and multi-timeframe chart viewing, the ability to create real-time quote watchlists is notably absent.
Though both brokers have received a commendable four-star rating for their mobile trading apps, Moneta Markets holds an edge, being ranked higher at #35 compared to Fineco's #42 according to ForexBrokers.com. For traders who benefit from in-depth chart analysis and seamless watchlist management, Moneta Markets may provide additional value, especially with its comprehensive suite of charting tools and real-time functionalities exclusive to their mobile trading experience.
| Feature |
Fineco
|
Moneta Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 6 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Fineco and Moneta Markets for market research features, there are a few key aspects to consider. Moneta Markets provides daily market commentary, which can be beneficial for staying updated on market trends. Both brokers offer forex news from well-known sources like Bloomberg and Reuters, ensuring access to reliable information. However, when it comes to technical analysis tools, Moneta Markets takes the lead by offering resources from Trading Central. Additionally, Moneta Markets features a sentiment-based trading tool that gives insights into long and short positions, which Fineco does not offer. Both brokers provide an economic calendar to keep traders informed about significant global economic events.
Despite these differences, both Fineco and Moneta Markets hold a research rating of 4 stars out of 5 from ForexBrokers.com. In the Research category, Moneta Markets is ranked slightly higher at #32 compared to Fineco at #33 out of 63 brokers. Although Moneta Markets provides additional tools and commentary, Fineco matches in terms of news sources and economic calendars, making both viable options depending on specific research needs and preferences.
| Feature |
Fineco
|
Moneta Markets
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both Fineco and Moneta Markets offer unique benefits. Fineco provides monthly online educational webinars, making it easier for beginners to learn in real-time, but they lack a searchable archive of past webinars. They compensate by offering a comprehensive collection of beginner-friendly videos and an investor dictionary with over 50 investing terms. On the downside, Fineco doesn’t offer a significant number of Forex or CFD-focused educational content or advanced trading videos for seasoned traders. Fineco’s educational offerings earn them a 4.0-star rating, placing them 49th out of 63 brokers according to ForexBrokers.com.
Moneta Markets is a solid choice if you're seeking a plethora of educational content focused on forex and CFDs, as they provide an extensive selection of related pieces. They also have a searchable archive of previously recorded webinars, which is great for self-paced learning. Moneta Markets offers a broad range of beginner and advanced educational videos, catering to traders at different experience levels. However, they do not provide regular monthly webinars. Like Fineco, Moneta Markets also features an investor dictionary with a rich supply of investing terms. Their educational suite is rated 4 stars, ranking them higher at 33rd out of 63 brokers.
| Feature |
Fineco
|
Moneta Markets
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Fineco is better than Moneta Markets. Fineco finished with an overall rank of #25, while Moneta Markets finished with an overall rank of #35.
FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU – or you are a resident of Italy or the U.K. – you will not be permitted to open an online account with FinecoBank.
| Feature |
Fineco
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Moneta Markets
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| Overall Rating |
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| Trust Score | 94 | 71 |
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Fineco does not offer the ability to buy actual cryptocurrency or cryptocurrency derivatives, while Moneta Markets also does not allow for the purchase of actual cryptocurrency but provides options to invest in cryptocurrency derivatives.
While Fineco allows ACH and SEPA transfers along with bank wires for depositing or withdrawing funds but excludes Visa, Mastercard, PayPal, and Skrill, Moneta Markets includes Visa and Mastercard alongside bank wires as funding options but does not support ACH, SEPA transfers, PayPal, or Skrill.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Fineco | Moneta Markets | |
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| Trust Score | 94 | 71 | |
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| Review | Fineco Review | Moneta Markets Review |
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| Regulation | Fineco | Moneta Markets | |
|---|---|---|---|
| Trust Score | 94 | 71 | |
| Year Founded | 1999 | 2009 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 0 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Fineco | Moneta Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Fineco | Moneta Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Fineco | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 1016 | |
| Forex Pairs (Total) | 54 | 45 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Fineco | Moneta Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.38 | |
| All-in Cost EUR/USD - Active | N/A | 0.79 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | No | Yes |
| Funding | Fineco | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Fineco | Moneta Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | Yes | |
| ZuluTrade | No | No |
| Trading Tools | Fineco | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 4 | |
| Charting - Indicators / Studies (Total) | 37 | 105 | |
| Charting - Drawing Tools (Total) | 7 | 78 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Fineco | Moneta Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 6 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Fineco | Moneta Markets | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Fineco | Moneta Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Fineco | Moneta Markets | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Fineco Review | Moneta Markets Review |
| Overall | Fineco | Moneta Markets | |
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| Trust Score | 94 | 71 | |
| Winner | check_circle | ||
| Review | Fineco Review | Moneta Markets Review |
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