Written by ForexBrokers.com
In this head to head comparison of Moneta Markets vs MultiBank, 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.
Moneta Markets, founded in 2009, is an online brokerage firm that has a ForexBrokers.com Trust Score of 71, placing it in the average risk category. Though not publicly traded or operating as a bank, it holds one Tier-2 license recognized for its trusted status. This setup provides potential traders with a certain level of security, although it lacks Tier-1 licensing, which is deemed highly trustworthy.
In comparison, MultiBank was established in 2005 and has gained a ForexBrokers.com Trust Score of 84, categorizing it as a trusted entity. While it too is not publicly traded nor a banking institution, MultiBank stands out with three Tier-1 licenses, in addition to one Tier-2 license. These credentials may offer traders greater assurance when considering regulatory compliance and trustworthiness.
| Feature |
Moneta Markets
|
MultiBank
|
|---|---|---|
| Year Founded | 2009 | 2005 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 0 | 3 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
When comparing Moneta Markets to MultiBank in terms of commissions and fees, Moneta Markets offers three account types: the commission-free Direct STP account, and the commission-based Prime ECN and Ultra ECN accounts. The Direct STP account offers an average spread of 1.38 pips for the EUR/USD pair, whereas the Prime ECN account has tighter spreads with a $3 per side commission, totaling about 0.79 pips. The Ultra ECN account offers even tighter spreads for a $2 round-trip commission per lot but requires a hefty $20,000 deposit. Moneta Markets earns a 4.5-star rating and ranks 16th out of 63 brokers in the Commissions and Fees category by ForexBrokers.com.
MultiBank also provides three account options: Standard, Pro, and ECN. The Standard account has higher spreads and a $50 minimum deposit, while the Pro account offers lower spreads for a $1,000 deposit. The ECN account provides the lowest spreads, with a $10,000 deposit requirement and a minimal $3 per trade commission. However, MultiBank charges an inactivity fee of $60 per month if an account remains inactive for 90 days. In the Commissions and Fees category, MultiBank earns a 4-star rating and ranks 38th out of 63 brokers according to ForexBrokers.com.
Overall, choosing between Moneta Markets and MultiBank largely depends on the trader's initial deposit capability and preference for commission structures. Moneta Markets tends to offer more competitive pricing for those able to meet the high deposit requirements, while MultiBank could be preferable for those with a more modest initial deposit, albeit with a slightly higher cost in terms of spreads and inactivity fees.
| Feature |
Moneta Markets
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $50 | $50 |
| Average Spread EUR/USD - Standard | 1.38 | N/A |
| All-in Cost EUR/USD - Active | 0.79 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Join 239,000+ traders worldwide.
Regulated in 7 jurisdictions
When comparing Moneta Markets and MultiBank in terms of their investment offerings, both brokers provide a diverse range of options, allowing traders to engage in forex trading through CFDs or spot contracts. Moneta Markets offers a total of 1,016 tradeable symbols, a bit fewer than MultiBank's 1,042 symbols. However, Moneta Markets edges ahead with 45 tradeable forex pairs compared to MultiBank's 40 pairs. Unfortunately, neither broker allows for the purchase of actual exchange-traded securities, such as shares on U.S. or international exchanges, focusing instead on leveraged products.
Both platforms support cryptocurrency derivatives, but it's noteworthy that only MultiBank offers the ability to buy actual cryptocurrency. Copy trading is available on both Moneta Markets and MultiBank, catering to those interested in mirroring trading strategies. Despite these differences, they receive similar ratings, each earning four stars for their range of investments. According to ForexBrokers.com, Moneta Markets ranks slightly higher at 35th out of 63 brokers, with MultiBank following closely at 37th place.
| Feature |
Moneta Markets
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 1042 |
| Forex Pairs (Total) | 45 | 40 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | Yes |
| Cryptocurrency (Derivative) | Yes | 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). |
Dive deeper: Best Copy Trading Platforms.
Moneta Markets and MultiBank provide traders with tools to enhance their trading strategies, though their offerings have distinct features. Both brokers offer simulated trading through free virtual demo accounts, enabling users to practice without any risk. While MultiBank distinguishes itself with a proprietary platform developed in-house, Moneta Markets relies on well-established platforms, offering both MT4 and MT5. Both brokers provide Windows-based desktop software and web-based trading platforms, with additional support for copy trading. However, Moneta Markets stands out by supporting DupliTrade, which MultiBank does not offer. Neither broker supports ZuluTrade, leaving some traders to explore other options for social trading.
In terms of charting tools and flexibility, Moneta Markets impresses with 78 drawing tools, far surpassing MultiBank's 17, offering traders more options for technical analysis. Meanwhile, both brokers allow trading directly from stock charts, a feature many traders find essential. When it comes to watch list customization, MultiBank offers more fields, with seven columns compared to Moneta Markets' four. Each broker has earned a respectable rating of four stars for their trading platforms and tools. However, Moneta Markets is ranked slightly higher by ForexBrokers.com, at 33rd out of 63 brokers, while MultiBank is positioned at 39th. Both brokers cater to distinct trader preferences, making it essential to consider individual needs when choosing between them.
| Feature |
Moneta Markets
|
MultiBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | Yes | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 105 | 38 |
| Charting - Drawing Tools (Total) | 78 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 4 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Moneta Markets and MultiBank, both offer strong options for iPhone and Android users. Each app supports stock and forex price alerts, and traders can enjoy the availability of 30 technical studies within their charting tools. In terms of interactivity, both platforms allow users to draw trendlines and view charts across multiple time frames. Additionally, each app auto-saves chart drawings and enables the creation of watchlists with real-time quotes.
Although both platforms have earned a solid four-star rating for their mobile trading apps, there are some differences to note. Moneta Markets provides the additional feature of watchlist symbol syncing, so any changes made in the mobile app seamlessly sync with a client's online account. This feature is absent in the MultiBank app. In terms of industry ranking, Moneta Markets is placed slightly higher at #35, while MultiBank is ranked #41 out of 63 brokers by ForexBrokers.com. This slight edge could make Moneta Markets a more attractive choice for traders who frequently move between devices.
| Feature |
Moneta Markets
|
MultiBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When exploring market research offerings, Moneta Markets stands out with its daily market commentary and access to forex news from top-tier outlets like Bloomberg, Reuters, and Dow Jones. The broker further enhances its research tools by providing resources from Trading Central, such as Technical Analytics, and offers a sentiment-based trading tool for insight into currency positions. Additionally, Moneta Markets supplies an economic calendar for global news events, contributing to its 4-star research rating and a rank of 32 out of 63 brokers by ForexBrokers.com.
In contrast, MultiBank does not offer daily market commentary but does provide forex news from esteemed sources similar to those offered by Moneta Markets. However, it lacks support from Trading Central and does not feature a sentiment-based trading tool, which might leave some traders seeking deeper market insights. Despite these differences, MultiBank also includes an economic calendar in its research suite. It earns a 3.5-star research rating and ranks 49th among 63 brokers in a ForexBrokers.com evaluation, reflecting its more modest range of tools compared to Moneta Markets.
| Feature |
Moneta Markets
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners between Moneta Markets and MultiBank, both brokers provide a substantial amount of foundational content. Moneta Markets offers more comprehensive options with over 10 educational pieces specifically focused on forex and CFDs, a searchable archive of recorded webinars for independent learning, and at least 10 detailed beginner and advanced educational videos. They also include an investor dictionary that explains over 50 investing terms, which can be especially helpful for those new to trading.
On the other hand, MultiBank provides a solid range of beginner educational videos and over 10 resources centered on forex and CFDs. However, it lacks a searchable webinar archive and an investor dictionary, potentially limiting the learning experience for some users. With a ranking of 33rd out of 63 brokers for educational offerings and a 4-star rating, Moneta Markets edges ahead of MultiBank, which is ranked 50th and rated at 3.5 stars. While both offer valuable content for beginners, Moneta Markets presents a more rounded educational platform for those looking to deepen their knowledge in trading.
| Feature |
Moneta Markets
|
MultiBank
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Moneta Markets is better than MultiBank. Moneta Markets finished with an overall rank of #35, while MultiBank finished with an overall rank of #40.
Moneta Markets is a new brand under parent company Vantage Group, which offers traders the MetaTrader suite of platforms as well as a basic web and mobile app. While it does support a decent range of third-party features, Moneta Markets has lackluster research and educational offerings, and its pricing is average.
| Feature |
Moneta Markets
|
MultiBank
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 71 | 84 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Moneta Markets enables the purchase of cryptocurrency derivatives but lacks the option to buy actual, delivered cryptocurrencies, whereas MultiBank offers both the ability to buy delivered cryptocurrencies and cryptocurrency derivatives.
Comparing online brokers, Moneta Markets does not support ACH or SEPA transfers and lacks options like PayPal and Skrill for fund transactions, only accommodating Visa, Mastercard, and bank wires; whereas, MultiBank supports ACH and SEPA transfers, offers Skrill for transactions, and similarly accepts Visa, Mastercard, and bank wires, but not PayPal.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Moneta Markets | MultiBank | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 71 | 84 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | MultiBank Review |
| Broker Screenshots | Moneta Markets | MultiBank | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| Regulation | Moneta Markets | MultiBank | |
|---|---|---|---|
| Trust Score | 71 | 84 | |
| Year Founded | 2009 | 2005 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 0 | 3 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | Moneta Markets | MultiBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | Yes | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | Moneta Markets | MultiBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Moneta Markets | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1016 | 1042 | |
| Forex Pairs (Total) | 45 | 40 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | Yes | |
| Cryptocurrency (Derivative) | Yes | 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). |
| Cost | Moneta Markets | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.38 | N/A | |
| All-in Cost EUR/USD - Active | 0.79 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Moneta Markets | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $50 | $50 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Moneta Markets | MultiBank | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Moneta Markets | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 4 | 7 | |
| Charting - Indicators / Studies (Total) | 105 | 38 | |
| Charting - Drawing Tools (Total) | 78 | 17 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Moneta Markets | MultiBank | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Moneta Markets | MultiBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Moneta Markets | MultiBank | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Moneta Markets | MultiBank | |
|---|---|---|---|
| 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 | Moneta Markets Review | MultiBank Review |
| Overall | Moneta Markets | MultiBank | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 71 | 84 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | MultiBank Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill