Quadcode Markets vs Moneta Markets

Quadcode Markets vs Moneta Markets Comparison Table 2024
Quadcode Markets Moneta Markets
3
4.4

Launched in 2021, Quadcode Markets is a relatively new forex and CFD broker with authorization from tier-one regulators like the ASIC. Its key selling point is the easy-to-use trading platform that continues to deliver an excellent user experience with a powerful charting package. The market maker broker offers 500+ assets spanning stocks, forex, indices, commodities, cryptos and ETFs.

Moneta Markets is a regulated multi-asset broker offering an excellent suite of 1000+ short-term instruments. There are no deposit fees and the minimum deposit is accessible at $50. The account opening process is also straightforward, taking just a few minutes to sign up and start trading. More than 70,000 traders have signed up with the ASIC, FSCA and FSA-regulated brokerage.

Customer Reviews
3
Bonus Offer
50% Cashback Bonus, Free VPS
Comment by Reviewer
"Quadcode Markets is best for new traders looking for a user-friendly platform with a customizable layout, excellent charting tools, and a reliable mobile app. However, it falls short in the education and research departments, while testing shows spreads trail the cheapest brokers." "Moneta Markets is a great pick for users looking to trade a wide range of markets with 1000+ instruments and high leverage up to 1:1000. Access to the powerful MT4 and MT5 platforms will also appeal to seasoned day traders."
Pros
  • The demo account can be opened in under 2 minutes while the replenishable $10,000 bankroll and no time limit means you can routinely test day trading strategies
  • The platform continues to excel for its ease of use with a modern design and customizable workspace
  • The charting package rivals popular platforms like MT4 with 100+ indicators and up to 9 chart displays
  • There is an above-average selection of digital currencies with crypto-fiat pairs plus crypto-crypto pairs
  • The single retail account combined with the commission-free pricing structure will appeal to beginners
  • Traders can access ECN and STP trading accounts with competitive pricing and zero commissions on US shares
  • Moneta Markets is a reputable broker regulated by the ASIC, FSCA and FSA
  • There's an excellent product portfolio for day traders with over 1000 assets
  • Award-winning customer support is available 24/7 via multiple channels
  • There's an easy-to-use CopyTrader app for social investors
  • Access to top-tier charting platforms including MetaTrader 4 and MetaTrader 5
  • The $50 minimum deposit is very accessible for beginners
  • Very high leverage is available up to 1:1000 for experienced investors
Cons
  • Spreads are wider than low-cost brokers based on comparisons during key trading sessions, potentially eroding profits for day traders
  • The market research trails best-in-class brokers like IG with limited technical summaries or sentiment data
  • Customer support is fast based on tests of the live chat but the knowledge of agents is limited to basic queries
  • Despite improvements to its platform like trailing stops, the software still lacks features like signals and algo trading
  • The investment offering trails top brokers, especially with its limited selection of around 375 stocks
  • You have to deposit $500 to access the best educational materials
  • The broker's offshore regulation weakens legal safeguards for some traders
  • The demo account expires after only one month
Awards
  • Best Forex Broker Australia – Forex Awards 2023
  • Best All-in-One Brokerage Solution – UFAWARDS 2023
  • Most Innovative Trading Platform Globe – Le Fonti Awards 2022
  • 10 Best Companies To Watch 2021
  • Best Forex Broker For Beginners 2021
  • Best Forex Broker For Professionals 2021
  • Most Advanced CFD Trading Platform 2020
Instruments
CFDs on Forex, Stocks, Indices, Commodities, ETFs, Crypto CFDs, Forex, Stocks, Indices, Commodities, ETFs, Crypto
Demo Account
Yes Yes
Minimum Deposit
$250 $50
Trading Platforms
  • Traderoom
  • AppTrader
  • ProTrader
  • MT4
  • MT5
  • TradingView
  • TradingCentral
Payment Methods
Wire Transfer, Credit Card, FasaPay, JCB, Sticpay, Crypto, local regional deposit methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
ASIC, CySEC, SCB FSCA, ASIC, FSA
Margin Trading
Yes Yes
STP Account
No Yes
ECN Account
No Yes
DMA Account
No No
MAM Account
No No
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
Yes No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS & Android iOS & Android
Android App Rating
4.4
iOS App Rating
5
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
Copy Trading Platform
Moneta Markets offers copy trading on its CopyTrader app and ZuluTrade. Both solutions allow clients to hand pick and follow experienced traders with real-time performance statistics and thousands of signal providers.
Social Trading
No Yes
Trade Signals
Yes
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10 $0
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • USD
  • EUR
  • GBP
  • CAD
  • NZD
  • JPY
  • HKD
  • SGD
  • BRL
Stock Exchanges
Commodities
CFD Trading
Quadcode Markets offers 450+ CFDs on global markets including forex, stocks and commodities. Day traders can go long or short with leverage up to 1:30 . The broker’s platform stands out for its beginner-friendly design and sophisticated technical analysis features. Moneta Markets clients can speculate on the direction of hundreds of assets covering forex, stocks, indices, commodities, bonds, cryptos and ETFs. Fees are transparent and there are no hidden charges.
Leverage
1:30 (Retail) 1:500 (Pro) 1:1000
FTSE Spread
2.2 13.33
GBPUSD Spread
1.3 0.56
Oil Spread
0.07 2.90
Stocks Spread
1.3 0.3
Forex Trading
Quadcode Markets offers an above-average selection of 63 currency pairs, with a full range of majors plus minors and exotics available to trade via CFDs. Spreads on the EUR/USD came in at 1.2 pips during testing, wider than cheapest forex brokers like CMC Markets. Moneta Markets offers more than 45 forex pairs with higher leverage than most brokers, up to 1:1000. Spreads are also tight while the trading platforms offer advanced market analysis tools.
GBPUSD Spread
1.3 0.56
EURUSD Spread
1.2 0.26
EURGBP Spread
1.3 0.36
Assets
63 45+
Cryptocurrency
Quadcode Markets maintains its position as a good option for crypto traders with 26 digital currencies, paired with USD or USDT. You can speculate on less popular tokens like DOT and SAND as well as major assets like BTC and ETH. 1:2 leverage is available on cryptos. Trade dozens of popular cryptos against the USD with 1:5 leverage. Digital currencies can be traded as CFDs only - they cannot be directly bought and sold. Moneta Markets also enhanced its crypto offering in 2024 with 6 ETFs that provide exposure to digital currencies.
Spread
130 Variable
Coins
  • BTC
  • ETH
  • OMG
  • DSH
  • ETC
  • BCH
  • ZEC
  • MATIC
  • ADA
  • APT
  • XRP
  • QTM
  • DOGE
  • AVA
  • SOL
  • BNB
  • TRX
  • ATOM
  • LTC
  • AXS
  • SAND
  • NEAR
  • DOT
  • LINK
  • MANA
  • BTC
  • BCH
  • DSH
  • LTC
  • ETH
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
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