Moneta Markets vs TeleTrade 2024

Moneta Markets is not publicly traded and does not operate a bank. Moneta Markets is authorised by one Tier-1 regulator (high trust), one Tier-2 regulator (average trust), zero Tier-3 regulators (low trust), and one Tier-4 regulator (High Risk). Moneta Markets is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC).

TeleTrade is not publicly traded and does not operate a bank. TeleTrade is authorised by one Tier-1 regulator (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulator (Average Risk), and zero Tier-4 regulators (High Risk). TeleTrade is authorised by the following Tier-1 regulator: Regulated in the European Union via the MiFID passporting system.

Moneta Markets is a new brand under parent company Vantage Group, which offers traders the MetaTrader suite of platforms as well as a basic web and mobile app. While it does support a decent range of third-party features, Moneta Markets has lackluster research and educational offerings, and its pricing is average.

TeleTrade was an early pioneer of mobile apps for finance, then became a forex and CFD broker, now offering the MetaTrader platform. With just one regulatory license, Teletrade has a lower Trust Score than more established forex brokers.

To open a trading account with Moneta Markets, you'll need to make an initial minimum deposit of $50.

TeleTrade requires a minimum deposit of $100 before you can open an account and start trading.

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Moneta Markets offers Visa/Mastercard (Credit/Debit) and Bank Wire (Deposit/Withdraw) for banking, whereas TeleTrade provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw). Neither have PayPal (Deposit/Withdraw).

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that Moneta Markets offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that Both Moneta Markets and TeleTrade hold 1 global Tier-1 licenses. Moneta Markets holds 1 global Tier-2 licenses, while TeleTrade holds 0.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that Moneta Markets (72) earned a higher Trust Score than TeleTrade (71).

To compare the trading platforms of both Moneta Markets and TeleTrade, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Moneta Markets offers a better experience. With research, Moneta Markets offers superior market research. Finally, we found TeleTrade to provide better mobile trading apps.

Here’s what trading platforms are available at Moneta Markets:

• Proprietary Platform - No
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - Yes
• TradingView - Yes

Here’s what trading platforms are available at TeleTrade:

• Proprietary Platform - No
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - Yes
• TradingView - No

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both Moneta Markets and TeleTrade offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. Moneta Markets and TeleTrade both offer copy trading.

TeleTrade provides traders 61 currency pairs (e.g., EUR/USD) compared to Moneta Markets's 54 available pairs. If you are interested in trading CFDs, Moneta Markets offers traders access to 1016 CFDs, while TeleTrade offers access to 500 CFDs; so Moneta Markets offers 516 more CFDs than TeleTrade.

We found in our testing that Moneta Markets offers a more diverse selection of investment options than TeleTrade, allowing you to trade both brokers allow traders to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Cryptocurrency (Derivative) and Social Trading / Copy Trading. Neither have Int'l Stock Trading (Non CFD), Cryptocurrency (Physical) and Spread Betting.