Eightcap vs Moneta Markets 2023

Eightcap has a trust score of 87, giving it a "Trusted" trust label. Here's what each trust score label means:

• "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
• "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
• "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
• "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are – in most cases – operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
• "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a “Do Not Trust” rating.

Moneta Markets has a trust score of 71, giving it a "Average Risk" trust label.

Eightcap is an up and coming broker that boasts a large range of cryptocurrency CFDs, alongside several MetaTrader plugins and related tools. That said, it's offering is otherwise limited in terms of the number of symbols you can trade, and the scope of its educational and reserach materials available could stand to improve.

Moneta Markets, part of the Vantage Group, is an up and coming brand that provides MetaTrader alongside its own web and mobile apps. That said, its pricing, education, and research still have room to improve if it wants to compete with the best forex brokers.

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. Eightcap is Australia (ASIC Authorised) and United Kingdom (U.K.) (FCA Authorised), while Moneta Markets is Australia (ASIC Authorised).. Neither have Canada (SRO 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)

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, Eightcap is Cyprus (CySEC Authorised), while Moneta Markets is South Africa (FSCA 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 Eightcap is Bahamas (SCB Authorised) and Vanuatu (VFSC Authorised), while Moneta Markets is none.. Neither have Belize (FSC Authorised), Bermuda (BMA Authorised), British Virgin Islands (FSC Authorised), Cayman Islands (CIMA Authorised) and Mauritius (FSC Authorised).

For trading platforms Eightcap supports a Desktop Platform (Windows), whereas Moneta Markets supports a Desktop Platform (Windows), DupliTrade and ZuluTrade.. Neither have Proprietary Platform and cTrader

Both Eightcap and Moneta Markets 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.

Eightcap requires a minimum deposit of $100, while Moneta Markets requires a minimum deposit of $50. From our testing we found Eightcap offers spreads of 1.0, while Moneta Markets offers spreads of 1.27. Eightcap supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for popular funding options, where Moneta Markets supports Bank Wire (Deposit/Withdraw) and Visa/Mastercard (Credit/Debit).

Eightcap offers a more diverse selection of investment options than Moneta Markets allowing you to trade Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies and U.S. Stocks (CFD).. Neither have Spread Betting Looking at total tradeable symbols, Eightcap has 736, compared to 965 from Moneta Markets.

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative — including spot forex contracts. In terms of trading physical cryptocurrency neither Eightcap nor Moneta Markets allow you to trade physical cryptocurrencies.

In terms of research and research tools Eightcap gives traders the following tools: Daily Market Commentary and Social Trading / Copy Trading. In comparison Moneta Markets has the tools listed here: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading.. Neither have Autochartist

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