Is Moneta Markets free?
Disclaimer: 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Moneta Markets does not provide access to real stock trading on US markets. If you are looking for a zero-commission broker to trade on US stock exchanges, you can check our article detailing the best apps offered in this category of brokers. If you wish to stick with Moneta Markets though, then you will find the fees they charge below.
Moneta Markets fees
Overview of Moneta Markets fees and charges
It's safe to say that Moneta Markets's fees are low in general. They either don't charge a brokerage fee for things that other brokers do, or they only charge a small amount.
Here's a high-level overview of Moneta Markets's fees
| Assets | Fee level | Fee terms |
|---|---|---|
| US stock fee | - | Not available |
| EURUSD fee | Low | ECN account: $3.00 commission per lot per trade plus spread cost. 0.1 pips is the average spread cost during peak trading hours. |
| US mutual fund fees | - | Not available |
| Inactivity fee | Low | No inactivity fee |
Moneta Markets fees
Moneta Markets fees explained
Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because online brokerages' businesses can be much better scaled: from a purely technical standpoint, it doesn't make that much of a difference for them if they have 100 or 5,000 clients.
This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:
- Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.
- A commission is either fixed or based on the traded volume.
- A spread is the difference between the buy price and the sell price.
- A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
- Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.
We compare Moneta Markets fees with its closest competitors, Axi and IC Markets.
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Moneta Markets fees
Moneta Markets trading fees
Moneta Markets's trading fees are low, which makes it suitable for you even if you trade often (i.e. several times a week).
Let's break down trading fees according to the different asset classes available at Moneta Markets.
Trading fees
Moneta Markets's trading fees are low.
Forex fees
Moneta Markets's forex fees are low.
| Moneta Markets | Axi | IC Markets | |
|---|---|---|---|
| EURUSD benchmark fee | $6.1 | $8.3 | $5.8 |
| EURGBP benchmark fee | $7.7 | $10.8 | $7.1 |
CFD fees
Moneta Markets has average CFD trading fees.
| Moneta Markets | Axi | IC Markets | |
|---|---|---|---|
| Apple CFD | $6.1 | $2.0 | $0.4 |
| Vodafone CFD | $14.4 | $3.6 | - |
| Germany | - | - | - |
Currency conversion fee
Moneta Markets will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: Exchange rate received from liquidity providers plus a mark-up. We used the EURUSD trading fees for the calculation..
Moneta Markets fees
Moneta Markets non-trading fees
When it comes to non-trading fees, Moneta Markets is a rather cheap broker.
Non-trading fees include various brokerage fees and charges at Moneta Markets that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.
| Moneta Markets | Axi | IC Markets | |
|---|---|---|---|
| Withdrawal fee | $0 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 |
| Inactivity fee | No | Yes | No |
| Account fee | No | No | No |
Moneta Markets fees
Moneta Markets deposit fee
Usually, brokers don't charge anything for deposits, and Moneta Markets is no different.
| Moneta Markets | Axi | IC Markets | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes | Yes |
| Deposit fee | $0 | $0 | $0 |
Moneta Markets fees
Moneta Markets withdrawal fee
Moneta Markets generally doesn't charge a withdrawal fee.
| Moneta Markets | Axi | IC Markets | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes | Yes |
| Withdrawal fee for bank transfer | $0 | $0 | $0 |
Moneta Markets fees
Moneta Markets inactivity fee
Moneta Markets does not apply an inactivity fee, which is great because your account won't be charged even if you do not trade for an extended period (like several months or years).
