Comparison of IC Markets and Moneta Markets
| Feature | IC Markets | Moneta Markets |
|---|---|---|
| Broker | ||
| Year Founded | 2007 | 2020 |
| Broker Type | ECN, DMA | STP, ECN |
| Dealing | A-book | A-book |
| Execution | Market | Market |
| Regulation | SFSA, ASIC, CySEC, CMA | FSCA, SFSA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5), PRO Trader |
| Spread | ⬊ Low | ⮕ Average |
| Maximum Leverage | 1:500 | 1:1000 |
| Minimum Deposit | $200 | $50 |
| Base Currencies | USD, EUR, GBP, AUD, CHF, JPY, NZD, SGD, HKD | USD, EUR, GBP, CAD, NZD, SGD, HKD, JPY, BRL |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, Bpay, FasaPay, Klarna, POLi, Rapidpay | Bank Wire, Credit Card, Debit Card, FasaPay, SticPay, Bitcoin (BTC), Tether (USDT), ETH (Ethereum), USDC (USD Coin) |
| Inactivity Fee | ✖ | ✖ |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | Investor Compensation Fund (ICF) | - |
| Protection Size | €20 000 | - |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✔ | ✔ |
| Copy Trading | ✔ | ✔ |
| VPS | ✔ | ✔ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✔ | ✖ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Metals, Energies, Soft Commodities, Cryptocurrencies |
| Review | IC Markets Review | Moneta Markets Review |
About IC Markets
IC Markets is a leading forex and CFD broker, well-known for its exceptional trading conditions and advanced technology. Established in 2007 and regulated by multiple top-tier authorities, including ASIC, CySEC, and the FSA Seychelles, IC Markets has earned a solid reputation among retail and institutional traders alike. The broker is particularly favored by scalpers, day traders, and algorithmic traders for its ultra-tight spreads, fast execution speeds, and no-dealing-desk (NDD) model. With access to powerful platforms like MetaTrader 4, MetaTrader 5, and cTrader, IC Markets offers a seamless trading experience across various asset classes, including forex, indices, commodities, and cryptocurrencies. Its focus on transparency, competitive pricing, and exceptional liquidity ensures that traders can execute strategies efficiently. However, while IC Markets excels in trading infrastructure, it offers limited educational resources, which may not fully cater to beginners.
Pros
- Regulated by top-tier authorities (ASIC, CySEC)
- Tight spreads starting from 0.0 pips on Raw Spread accounts
- No dealing desk (NDD) model ensures transparent and fast execution
- Excellent platforms: MetaTrader 4, MetaTrader 5, and cTrader
- High liquidity and competitive pricing ideal for scalping and algorithmic trading
- Wide range of tradable assets, including cryptocurrencies
- Dedicated 24/7 customer support
Cons
- Restricted availability in some regions due to regulatory constraints
- Withdrawal fees may apply for certain methods
About Moneta Markets
Moneta Markets is a technology-focused forex and CFD broker (part of the Vantage group) that gives traders access to more than 1000 instruments-currencies, indices, commodities, shares, ETFs, bonds and crypto. Regulated by ASIC and the FSCA, with an additional offshore licence (SVGFSA), it pairs Tier-1 liquidity with Equinix data-centre hosting to deliver ECN pricing from 0.0 pips and execution under 30 ms. Clients can start with as little as $50, trade with flexible leverage up to 1 : 1000, and choose from MT4/MT5, the TradingView-powered ProTrader web terminal, or the dedicated CopyTrader app. Fee-free deposits, same-day withdrawals and regular cashback promotions round out a package aimed at both active scalpers and copy-trade investors.
Pros
- Wide market selection: 1000+ instruments across forex, stocks, indices, commodities, ETFs, bonds and crypto
- Choice of modern platforms - MT4, MT5, ProTrader (TradingView) and CopyTrader - plus mobile apps
- ECN spreads from 0.0 pips and ultra-fast execution via Tier-1 liquidity and Equinix servers
- High leverage up to 1 : 1000 and low $50 minimum deposit make accounts accessible
- Fast, fee-free deposits and typically same-day withdrawals through multiple payment methods
- Ongoing incentives such as 50 % cashback bonus, Trading Central research and copy-trading infrastructure
Cons
- Premium analytics and education tools are gated behind a $500 minimum deposit
- Core offshore registration (SVGFSA) offers weaker investor protection than top-tier regulators
- No fixed-spread account option for traders who want completely predictable costs during high volatility
IC Markets & Moneta Markets Regulation
| Feature | IC Markets | Moneta Markets |
|---|---|---|
Companies | Raw Trading Ltd, International Capital Markets Pty Ltd, IC Markets (EU) Ltd, IC Markets (KE) Limited | Moneta Markets (Pty) Ltd, Moneta Markets Ltd |
Countries | Seychelles, Australia, Cyprus, Kenya | Mauritius, Seychelles |
Regulators | SFSA, ASIC, CySEC, CMA | FSCA, SFSA |
Investor Protection | Investor Compensation Fund (ICF) | - |
Investor Protection Size | €20 000 | - |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | IC Markets | Moneta Markets |
|---|---|---|
STP Account | ||
| Account Name | — | Direct STP |
| Min Deposit | — | $50 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 1.2 |
| Fee | — | No |
| Max Leverage | — | 1:1000 |
| Stop Out | — | 50% |
| Margin Call | — | 80% |
ECN Account | ||
| Account Name | Standard | Prime ECN |
| Min Deposit | $200 | $50 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0.6 | 0 |
| Fee | No | $6 per 1 lot |
| Max Leverage | 1:500 | 1:1000 |
| Stop Out | 50% | 50% |
| Margin Call | 100% | 80% |
Zero Account | ||
| Account Name | Raw Spread | Ultra ECN |
| Min Deposit | $200 | $20 000 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0 | 0 |
| Fee | $7 per 1 lot | $2 per 1 lot |
| Max Leverage | 1:500 | 1:500 |
| Stop Out | 50% | 50% |
| Margin Call | 100% | 80% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Funding and Fees
| Feature | IC Markets | Moneta Markets |
|---|---|---|
Base currencies | USD, EUR, GBP, AUD, CHF, JPY, NZD, SGD, HKD | USD, EUR, GBP, CAD, NZD, SGD, HKD, JPY, BRL |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, Bpay, FasaPay, Klarna, POLi, Rapidpay | Bank Wire, Credit Card, Debit Card, FasaPay, SticPay, Bitcoin (BTC), Tether (USDT), ETH (Ethereum), USDC (USD Coin) |
Inactivity fee | ||
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | IC Markets | Moneta Markets |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5), PRO Trader |
Execution Speed | 40 ms | 15 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | average |
Trading Assets
| Asset | IC Markets | Moneta Markets |
|---|---|---|
Currencies | 61 | 48 |
Indices | 25 | 23 |
Stocks | 2175 | 830 |
Cryptocurrencies | 21 | 57 |
Bonds | 10 | 7 |
Metals | 7 | 5 |
Energies | 5 | 6 |
Soft Commodities | 8 | 5 |
ETFs | 38 | 57 |
Education and Analytics
| Feature | IC Markets | Moneta Markets |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
| Contact | IC Markets | Moneta Markets |
|---|---|---|
Email | support@icmarkets.com | support@monetamarkets.com |
Phone | +2484671976 | — |
Facebook | ||
LinkedIn | ||
YouTube | — | YouTube |
Instagram | ||
Twitter |
Which Broker is Better?
After comparing IC Markets and Moneta Markets, IC Markets comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.