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Moneta Markets vs RoboForex (RoboMarkets) 2023

BrokerNotes.co

Written by BrokerNotes.co

March 14, 2023

Trying to decide between Moneta Markets and RoboForex (RoboMarkets)? 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 RoboForex (RoboMarkets).

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% 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.

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Compare

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Overall RatingMoneta MarketsRoboForex (RoboMarkets)
Overall Rating 7.5 / 10 7.3 / 10
Account TypeMoneta MarketsRoboForex (RoboMarkets)
Standard Trade Size (100,000 units) Yes Yes
Mini Trade Size (10,000 units) Yes Yes
Micro Trade Size (1,000 units) Yes Yes
Islamic Account Yes Yes
Copy TradingMoneta MarketsRoboForex (RoboMarkets)
Social Trading / Copy Trading Yes Yes
DupliTrade Yes No
ZuluTrade Yes No
CryptocurrencyMoneta MarketsRoboForex (RoboMarkets)
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Bitcoin Yes Yes
ethereum Yes Yes
Forex Trading (Spot or CFDs)Moneta MarketsRoboForex (RoboMarkets)
Forex Trading (Spot or CFDs) Yes Yes
Mobile Trading - Forex or CFDs Yes Yes
Indices (Index CFDs)Moneta MarketsRoboForex (RoboMarkets)
DAX Yes Yes
Dow Jones Yes Yes
FTSE Yes Yes
NASDAQ 100 Yes Yes
Nikkei Yes Yes
SP 500 Yes Yes
InvestmentsMoneta MarketsRoboForex (RoboMarkets)
Forex Trading (Spot or CFDs) Yes Yes
Spread Betting No No
Social Trading / Copy Trading Yes Yes
Metals Yes Yes
Energies Yes Yes
Agriculturals Yes No
ETF Yes Yes
U.S. Stocks (CFD) Yes Yes
Trading PlatformsMoneta MarketsRoboForex (RoboMarkets)
Apple iOS App Yes Yes
Android App Yes Yes
Proprietary Platform No No
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) Yes Yes
Regulatory LicensesMoneta MarketsRoboForex (RoboMarkets)
Tier-1 Licenses 1 0
Australia (ASIC Authorised) Yes No
Canada (SRO Authorised) No No
United Kingdom (U.K.) (FCA Authorised) No No
Hong Kong (SFC Authorised) No No
Singapore (MAS Authorised) No No
Switzerland (FINMA Authorised) No No
USA (CFTC Authorized) No No
Tier-2 Licenses 1 1
Tier-3 Licenses 0 1
Research, EducationMoneta MarketsRoboForex (RoboMarkets)
Trading Central (Recognia) Yes No
Forex News (Top-Tier Sources) Yes Yes
Daily Market Commentary Yes Yes
Autochartist No No
Investor Dictionary (Glossary) No No
Videos - Beginner Trading Videos Yes No
Client Webinars (Archived) No Yes
Trading CostsMoneta MarketsRoboForex (RoboMarkets)
Minimum Deposit $50 $100
Average Spread EUR/USD - Standard 1.27 info 1.4 info
All-in Cost EUR/USD - Active 0.77 info N/A
Active Trader or VIP Discounts No Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
PayPal (Deposit/Withdraw) No Yes
Trading ToolsMoneta MarketsRoboForex (RoboMarkets)
Watchlists - Total Fields 4 7
Mobile Watchlist Yes Yes
Charting - Indicators / Studies (Total) 102 30
Mobile Charting - Indicators / Studies 30 30
Trust FactorsMoneta MarketsRoboForex (RoboMarkets)
Year Founded 2009 2009
Publicly Traded (Listed) No No
Bank No No
European Union Authorised (MiFID) Yes info Yes info
Trust Score 71 69
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Moneta Markets vs RoboForex (RoboMarkets) Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Moneta Markets vs RoboForex (RoboMarkets).

Can I trust Moneta Markets?

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

Can I trust RoboForex (RoboMarkets)?

RoboForex (RoboMarkets) has a trust score of 69, giving it a "High Risk" trust label.

Is Moneta Markets a good broker?

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.

Is RoboForex (RoboMarkets) a good broker?

RoboForex, also known as RoboMarkets, is a maturing brand that offers a stock trading app as well as 12,000 symbols available across its MetaTrader and cTrader platforms. However, RoboForex's Trust Score is below-average, as it currently holds only two regulatory licenses.

What tier-1 jurisdictions is each broker regulated in?

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. Moneta Markets is Australia (ASIC Authorised), while RoboForex (RoboMarkets) is none.. 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), United Kingdom (U.K.) (FCA 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 RoboForex (RoboMarkets) 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 RoboForex (RoboMarkets) is Belize (FSC Authorised).. Neither have Bahamas (SCB 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?

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

Does Moneta Markets offer MetaTrader? Does RoboForex (RoboMarkets) offer MetaTrader?

Both Moneta Markets and RoboForex (RoboMarkets) 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 RoboForex (RoboMarkets) differ in terms of minimum deposit? What about average spreads and funding options?

Moneta Markets requires a minimum deposit of $50, while RoboForex (RoboMarkets) requires a minimum deposit of $100. From our testing we found Moneta Markets offers spreads of 1.27, while RoboForex (RoboMarkets) offers spreads of 1.4. Moneta Markets supports Bank Wire (Deposit/Withdraw) and Visa/Mastercard (Credit/Debit) for popular funding options, where RoboForex (RoboMarkets) supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw).

Which brokers offers more tradeable asset classes, Moneta Markets or RoboForex (RoboMarkets)?

Moneta Markets offers a more diverse selection of investment options than RoboForex (RoboMarkets) allowing you to trade Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD).. Neither have Spread Betting Looking at total tradeable symbols, Moneta Markets has 965, compared to 12000 from RoboForex (RoboMarkets).

Can I trade cryptocurrency with Moneta Markets or RoboForex (RoboMarkets)?

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 Moneta Markets nor RoboForex (RoboMarkets) allow you to trade physical cryptocurrencies.

Who offers more research tools, Moneta Markets or RoboForex (RoboMarkets)?

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

Broker Reviews

Still looking for more information, read our broker reviews.

Moneta Markets Review

Roboforex (RoboMarkets) Review

Overall winner: Moneta Markets

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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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