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Moneta Markets vs Eightcap 2024

BrokerNotes.co

Written by BrokerNotes.co

August 24, 2023

Trying to decide between Moneta Markets and Eightcap? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, Moneta Markets ranks more highly than Eightcap.

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Compare

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Overall Rating Moneta Markets Eightcap
Overall Rating star 7.5 /10 star 7.5 /10
Offering of Investments star 7.5 /10 star 7.0 /10
Commissions & Fees star 8.5 /10 star 7.5 /10
Platform & Tools star 8.0 /10 star 7.5 /10
Research star 7.5 /10 star 7.0 /10
Mobile Trading star 7.5 /10 star 7.5 /10
Education star 7.0 /10 star 6.5 /10
Account Type Moneta Markets Eightcap
Standard Trade Size (100,000 units) info Yes Yes
Mini Trade Size (10,000 units) info Yes Yes
Micro Trade Size (1,000 units) info Yes Yes
Islamic Account info Yes No
Deposit/Withdrawal Options Moneta Markets Eightcap
Minimum Deposit info $50 $100
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
PayPal (Deposit/Withdraw) info No Yes
ACH or SEPA Transfers info No No
Copy Trading Moneta Markets Eightcap
Social Trading / Copy Trading info Yes Yes
DupliTrade info No No
ZuluTrade info Yes No
Cryptocurrency Moneta Markets Eightcap
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Bitcoin info Yes Yes
Ethereum info Yes Yes
Forex Trading (Spot or CFDs) Moneta Markets Eightcap
Forex Trading (Spot or CFDs) info Yes Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) Moneta Markets Eightcap
DAX info Yes Yes
Dow Jones info Yes Yes
FTSE info Yes Yes
NASDAQ 100 info Yes Yes
Nikkei info Yes Yes
SP 500 info Yes Yes
Investments Moneta Markets Eightcap
Forex Trading (Spot or CFDs) info Yes Yes
Spread Betting info No No
Social Trading / Copy Trading info Yes Yes
Metals info Yes Yes
Energies info Yes Yes
Agriculturals info Yes No
ETF info Yes No
U.S. Stocks (CFD) info Yes Yes
Trading Platforms Moneta Markets Eightcap
Apple iOS App info Yes Yes
Android App info Yes Yes
Proprietary Platform info No No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
Regulatory Licenses Moneta Markets Eightcap
Tier-1 Licenses info 1 3
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info No Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info No info Yes info
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Research, Education Moneta Markets Eightcap
Trading Central (Recognia) info Yes No
Forex News (Top-Tier Sources) info Yes No
Daily Market Commentary info Yes Yes
Autochartist info No No
Investor Dictionary (Glossary) info No Yes
Videos - Beginner Trading Videos info Yes Yes
Client Webinars (Archived) info No Yes
Trading Costs Moneta Markets Eightcap
Minimum Deposit info $50 $100
Average Spread EUR/USD - Standard info 1.27 info 1.0 info
All-in Cost EUR/USD - Active info 0.79 info 0.76
Active Trader or VIP Discounts info No No
Trading Tools Moneta Markets Eightcap
Watchlists - Total Fields info 4 7
Mobile Watchlist info Yes Yes
Charting - Indicators / Studies (Total) info 105 30
Mobile Charting - Indicators / Studies info 30 30
Trust Factors Moneta Markets Eightcap
Year Founded info 2009 2009
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info No info Yes info
Trust Score info 72 85
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Moneta Markets vs Eightcap Comparison

Comparing forex brokers side by side is no easy task. Our research team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Trying to decide between Moneta Markets and Eightcap? Our independent database powered by our unbiased research will help you compare Moneta Markets vs Eightcap side-by-side.

What is Trust Score?

Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.

Can I trust Moneta Markets?

Moneta Markets has a Trust Score of 72, giving it a "Average Risk" Trust Score Label.

Can I trust Eightcap?

Eightcap has a Trust Score of 85, giving it a "Trusted" Trust Score Label.

Is Moneta Markets a good broker?

Moneta Markets, part of the Vantage Group, is an up-and-coming brand that provides the full MetaTrader trading platform suite (MT4and MT5) alongside its own apps for web (WebTrader) and mobile (AppTrader); it's worth noting, however, that the broker's WebTrader and AppTrader platforms lack integrated trading tools. Fans of social copy trading will appreciate that Moneta provides access to both ZuluTrade and Duplitrade. That said, Moneta's pricing, education, and research still have plenty of room to improve.

Is Eightcap a good broker?

Eightcap's impresses most with its crypto offering; traders at Eightcap gain access to an impressive range of cryptocurrency CFDs (though these are not available to traders in the U.K.). Though Eightcap doesn't offer any proprietary trading platforms or mobile apps, it provides the full MetaTrader platform suite (including MT5) as well as several plugins and third-party tools like TradingView and Capitalise.ai. That said, Eightcap has a somewhat limited offering of CFDs and tradeable symbols, and the broker's educational content has room to improve.

What Tier-1 jurisdictions is each broker regulated in?

Tier-1 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. Moneta Markets holds regulatory licenses in the following Tier-1 jurisdictions: Australia (ASIC Authorised). Eightcap, on the other hand, is licensed in these Tier-1 regulatory jurisdictions: Australia (ASIC Authorised) and United Kingdom (U.K.) (FCA Authorised). Neither have Canada (CIRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised), Switzerland (FINMA Authorised) and USA (CFTC Authorized)

What Tier-2 jurisdictions is each broker regulated in? What about Tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, Moneta Markets is South Africa (FSCA Authorised), while Eightcap is Cyprus (CySEC Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), Thailand (SEC Authorised) and UAE (DFSA/Central Bank Authorised). When comparing tier-3 licenses Moneta Markets is none, while Eightcap is Bahamas (SCB Authorised).. Neither have Belize (FSC Authorised), Bermuda (BMA Authorised), British Virgin Islands (FSC Authorised), Cayman Islands (CIMA Authorised), Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised).

Which broker offers more trading platforms?

Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that Moneta Markets offers a Desktop Platform (Windows) and ZuluTrade, whereas Eightcap supports a Desktop Platform (Windows). Neither have Proprietary Platform, cTrader and DupliTrade

Does Moneta Markets offer MetaTrader? Does Eightcap offer MetaTrader?

Both Moneta Markets and Eightcap offer the whole MetaTrader suite, which consists of both MetaTrader 4 and MetaTrader 5. If you’re new to MetaTrader 4 here’s our educational guide on how to use MT4.

How do Moneta Markets and Eightcap differ in terms of minimum deposit? What about average spreads and funding options?

Moneta Markets requires a minimum deposit of $50, while Eightcap requires a minimum deposit of $100. It's also important to ensure your broker accepts the funding options and deposit methods that work best for you. In our research, we've found that Moneta Markets supports Bank Wire (Deposit/Withdraw) and Visa/Mastercard (Credit/Debit) for funding and deposit methods, whereas Eightcap supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw)

Which broker offers more tradeable asset classes, Moneta Markets or Eightcap?

When choosing a forex broker, it’s important to consider each broker’s available investment products and tradeable asset classes. We’ve researched each broker’s individual offering of investments to help you pick the right broker for what you want to trade. During our testing, we found that Moneta Markets delivers a more diverse selection of investment options than Eightcap, offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD). Neither have Spread Betting.

We also keep track of each broker’s total number of tradeable symbols; Moneta Markets offers 1016, and Eightcap offers a total of 736 tradeable symbols.

Can I trade cryptocurrency with Moneta Markets or Eightcap?

Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that neither Moneta Markets nor Eightcap allow you to trade physical cryptocurrencies.

Who offers more research tools, Moneta Markets or Eightcap?

Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. We test each broker’s research offering to help you decide which broker is right for your technical or fundamental analysis needs. Moneta Markets delivers the following research tools: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading. Eightcap, on the other hand, provides the tools listed here: Daily Market Commentary and Social Trading / Copy Trading. Neither have Autochartist

Broker Reviews

Still looking for more information, read our broker reviews.

Moneta Markets Review

Eightcap Review

Overall winner: Eightcap

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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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