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Moneta Markets vs TMGM 2022

Written by BrokerNotes.co

Published April 26, 2022
Last modified August 09, 2022

Trying to decide between Moneta Markets and TMGM? Weโ€™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.

Moneta Markets is better than TMGM.

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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Overall Rating expand_moreexpand_less Moneta Markets TMGM IG
Overall Rating 7.3 / 10 7 / 10 9.7 / 10
Account Type expand_moreexpand_less Moneta Markets TMGM IG
Standard Account Yes Yes Yes
Mini Account Yes Yes Yes
Micro Account Yes Yes Yes
Islamic Account Yes Yes No
Copy Trading expand_moreexpand_less Moneta Markets TMGM IG
Social Trading / Copy Trading Yes Yes Yes
DupliTrade Yes No No
ZuluTrade No No No
Cryptocurrency expand_moreexpand_less Moneta Markets TMGM IG
Cryptocurrency (Physical) No No No
Cryptocurrency (CFD) Yes Yes Yes
Bitcoin Yes Yes Yes
ethereum Yes Yes Yes
Forex Trading expand_moreexpand_less Moneta Markets TMGM IG
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Indices (Index CFDs) expand_moreexpand_less Moneta Markets TMGM IG
DAX Yes Yes Yes
Dow Jones Yes Yes Yes
FTSE Yes Yes Yes
NASDAQ 100 Yes Yes Yes
Nikkei Yes Yes Yes
SP 500 Yes Yes Yes
Investments expand_moreexpand_less Moneta Markets TMGM IG
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Spread Betting No No Yes
Social Trading / Copy Trading Yes Yes Yes
Metals Yes Yes Yes
Energies Yes Yes Yes
Agriculturals Yes No Yes
ETF No No Yes
U.S. Stocks (CFD) Yes Yes Yes
Trading Platforms expand_moreexpand_less Moneta Markets TMGM IG
Apple iOS App Yes Yes Yes
Android App Yes Yes Yes
Proprietary Platform No Yes Yes
Desktop Platform (Windows) Yes Yes Yes
Web Platform Yes Yes Yes
MetaTrader 4 (MT4) Yes Yes Yes
MetaTrader 5 (MT5) Yes No No
Regulatory Licenses expand_moreexpand_less Moneta Markets TMGM IG
Tier-1 Licenses 2 2 7
ASIC Authorised (Australia) Yes Yes Yes
IIROC Authorised (Canada) No No No
FCA Authorised (U.K.) Yes No Yes
SFC Authorised (Hong Kong) No No No
MAS Authorised (Singapore) No No Yes
FINMA Authorised (Switzerland) No No Yes
CFTC Registered (USA) No No Yes
Tier-2 Licenses 0 0 2
Tier-3 Licenses 0 1 1
Research, Education expand_moreexpand_less Moneta Markets TMGM IG
Trading Central (Recognia) Yes Yes No
Forex News (Top-Tier Sources) Yes Yes Yes
Daily Market Commentary Yes Yes Yes
Autochartist No No Yes
Investor Dictionary (Glossary) No Yes Yes
Videos - Beginner Trading Videos Yes No Yes
Client Webinars (Archived) No Yes Yes
Trading Costs expand_moreexpand_less Moneta Markets TMGM IG
Minimum Initial Deposit $50 $100 ยฃ250.00
Average Spread EUR/USD - Standard 1.22 (August 2021) 0.96 (July 2021) 0.828 (September 2021)
All-in Cost EUR/USD - Active 0.75 (August 2021) 0.76 (July 2021) 0.365 (May 2020)
Active Trader or VIP Discounts No Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes Yes
PayPal (Deposit/Withdraw) No No Yes
Trading Tools expand_moreexpand_less Moneta Markets TMGM IG
Watchlists - Total Fields 4 7 14
Mobile Watchlist Yes Yes Yes
Charting - Indicators / Studies (Total) 48 30 32
Mobile Charting - Indicators / Studies 30 30 32
Trust Factors expand_moreexpand_less Moneta Markets TMGM IG
Year Founded 2009 2013 1974
Publicly Traded (Listed) No No Yes
Bank No No Yes
Authorised in European Union Yes No Yes
Trust Score 83 79 99
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Moneta Markets vs TMGM Comparison

Comparing forex brokers side by side is no easy task. For our 2022 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 TMGM.

Can I trust Moneta Markets?

Moneta Markets has a trust score of 83, giving it a "Trusted" trust label.

  • "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 โ€“ in most cases โ€“ 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 โ€œDo Not Trustโ€ rating.

Can I trust TMGM?

TMGM has a trust score of 79, giving it a "Average Risk" trust label. Here's what each trust score label means:

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. TMGM is ASIC Authorised (Australia) and FMA Authorised (New Zealand), while Moneta Markets is ASIC Authorised (Australia) and FCA Authorised (U.K.). Both do not have IIROC Authorised (Canada), SFC Authorised (Hong Kong), CBI Authorised (Ireland), FSA Authorised (Japan), MAS Authorised (Singapore), FINMA Authorised (Switzerland) and CFTC Registered (USA)

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, unfortunately, neither Moneta Markets nor TMGM are CBRC Authorised (China), CySEC Authorised (Cyprus), NSE Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), FSCA Authorised (South Africa), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE). Both do not have DFSA / Central Bank Authorised (UAE).. When comparing tier-3 licenses TMGM is VFSC Authorised (Vanuatu), while Moneta Markets is none of these. Both do not have SCB Authorised (Bahamas), IFSC Authorised (Belize), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands), CIMA Authorised (Cayman Islands) and FSC Authorised (Mauritius).

Which broker offers more trading platforms?

For trading platforms TMGM supports a Proprietary Platform and Desktop Platform (Windows), whereas Moneta Markets supports a Desktop Platform (Windows) and DupliTrade. Both do not have cTrader and ZuluTrade

Does Moneta Markets offer MetaTrader? Does TMGM offer MetaTrader?

For MetaTrader Moneta Markets provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while TMGM provides MetaTrader 4 (MT4). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

How do Moneta Markets and TMGM differ in terms of minimum deposit? What about average spreads and funding options?

Moneta Markets requires a minimum deposit of $50, while TMGM requires a minimum deposit of $100. From our testing we found Moneta Markets offers spreads of 1.22 (August 2021), while TMGM offers spreads of 0.96 (July 2021). Moneta Markets supports Bank Wire (Deposit/Withdraw) and Visa/Mastercard (Credit/Debit) for popular funding options, where TMGM supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw). Both do not have PayPal (Deposit/Withdraw).

Which brokers offers more tradeable asset classes, Moneta Markets or TMGM?

TMGM offers a more diverse selection of investment options than Moneta Markets allowing you to trade Forex Trading, Trading - Forex or CFDs, Social Trading / Copy Trading, Metals, Energies and U.S. Stocks (CFD). Both do not have Spread Betting and ETF Looking at total tradeable symbols, Moneta Markets has 266, compared to 12000 from TMGM.

Can I trade cryptocurrency with Moneta Markets or TMGM?

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 โ€” including spot forex contracts. In terms of trading physical cryptocurrency neither Moneta Markets nor TMGM allow you to trade physical cryptocurrencies.

Who offers more research tools, Moneta Markets or TMGM?

Both Moneta Markets and TMGM offer a complete suite of research, providing traders with these tools: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading. Both do not have Autochartist.




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