Moneta Markets vs MultiBank 2024

Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.

Moneta Markets has a Trust Score of 72, giving it a "Average Risk" Trust Score Label.

MultiBank has a Trust Score of 84, giving it a "Trusted" Trust Score Label.

Moneta Markets, part of the Vantage Group, is an up-and-coming brand that provides the full MetaTrader trading platform suite (MT4and MT5) alongside its own apps for web (WebTrader) and mobile (AppTrader); it's worth noting, however, that the broker's WebTrader and AppTrader platforms lack integrated trading tools. Fans of social copy trading will appreciate that Moneta provides access to both ZuluTrade and Duplitrade. That said, Moneta's pricing, education, and research still have plenty of room to improve.

MultiBank offers a solid range of forex and CFD trading services, making it an average choice for traders. With an overall rating that indicates satisfactory performance, it provides a reliable trading experience but may lack some advanced features found in other brokers.

Tier-1 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. Moneta Markets holds regulatory licenses in the following Tier-1 jurisdictions: Australia (ASIC Authorised). MultiBank, on the other hand, is licensed in these Tier-1 regulatory jurisdictions: Australia (ASIC Authorised) and Singapore (MAS Authorised). Neither have Canada (CIRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), New Zealand (FMA Authorised), Switzerland (FINMA Authorised), United Kingdom (U.K.) (FCA 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, Moneta Markets is South Africa (FSCA Authorised), while MultiBank is Cyprus (CySEC Authorised) and UAE (DFSA/Central Bank Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised) and Thailand (SEC Authorised). When comparing tier-3 licenses Moneta Markets is none, while MultiBank is British Virgin Islands (FSC Authorised), Cayman Islands (CIMA Authorised) and Vanuatu (VFSC Authorised).. Neither have Bahamas (SCB Authorised), Belize (FSC Authorised), Bermuda (BMA Authorised) and Mauritius (FSC Authorised).

Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that Moneta Markets offers a Desktop Platform (Windows) and ZuluTrade, whereas MultiBank supports a Proprietary Platform and Desktop Platform (Windows). Neither have cTrader and DupliTrade

Both Moneta Markets and MultiBank 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.

Moneta Markets requires a minimum deposit of $50, while MultiBank requires a minimum deposit of $50. It's also important to ensure your broker accepts the funding options and deposit methods that work best for you. In our research, we've found that Moneta Markets supports Bank Wire (Deposit/Withdraw) and Visa/Mastercard (Credit/Debit) for funding and deposit methods, whereas MultiBank supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw). Neither have PayPal (Deposit/Withdraw)

When choosing a broker, it’s important to check the availability of your preferred investment products and asset classes. We’ve tested each broker’s individual offering of investments to help you pick the right broker for what you want to trade. We found that both Moneta Markets and MultiBank offer Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD). Neither have Spread Betting.

We also keep track of each broker’s total number of tradeable symbols; Moneta Markets offers 1016, and MultiBank offers a total of 1042 tradeable symbols.

Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that Moneta Markets offers clients access to trading physical cryptocurrencies while MultiBank does not.

Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. We test each broker’s research offering to help you decide which broker is right for your technical or fundamental analysis needs. Moneta Markets delivers the following research tools: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading. MultiBank, on the other hand, provides the tools listed here: Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading. Neither have Autochartist

Broker Reviews