FXCM
Moneta Markets
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Forex traders looking for easy account opening, funding and withdrawal
Recommended for Forex and CFD traders familiar with the MetaTrader trading platforms
UK
Australia
Fees
Average trading and non-trading fees, low CFD fees
Low forex, but high stock CFD fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
4
9
Deposit type
Withdrawal type
Account opening
$50
$50
1-3 days
1 day
Proof of identity: ID / passport / driver's license Proof of residency: bank statement / utility bill
Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill / driver's license / credit card statement
Trading platform
Markets and products
Disclaimer: 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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.
Research, education
Great
Mid-range
Customer service
Security
£85,000 in the UK, €20,000 in the EU, no protection in other countries
No protection
1999
2020
UK, Australia, South Africa and Cyprus
Vanuatu, but Vantage Group has regulation in Australia, UK, Cayman Islands
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
FXCM's service is on par with Moneta Markets's and a comparison of their fees shows that FXCM's fees are similar to Moneta Markets's.
Account opening takes somewhat more effort at FXCM compared to Moneta Markets, deposit and withdrawal processes are somewhat more complicated at FXCM, while customer service quality is similar to Moneta Markets's.
Our experts rated the trading platform of FXCM as being of the same quality as the platform of Moneta Markets, found that clients have access to about the same number of markets and products with FXCM, while Moneta Markets provides just about the same quality of research and education.