Broker Alarab
Detailed Trading Account Comparison

Trading Account Comparison: FP Markets Rawvs Moneta Markets Ultra ECN

Explore differences in spreads, commissions, deposits and trading conditions, alongside a detailed review of each account's advantages and limitations.

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ACCOUNT OVERVIEW

What Makes FP Markets Raw Different from Moneta Markets Ultra ECN?

Before comparing the numbers, it is important to understand the purpose of each account and the conditions that may make it suitable for different traders.

FP Markets Raw

The FP Markets Raw account is the broker’s low-spread option and is categorized by Broker Alarab for scalpers and active traders. According to our data, spreads range from 0.0–0.3 pips with a recorded average of 0.1 pip, commission is $6 per lot, the minimum deposit is $100 and orders use Market Execution. Raw differs from Standard primarily in how trading costs are divided between spreads and commission.

Moneta Markets Ultra ECN

The Moneta Markets Ultra ECN account is the highest-tier Moneta account recorded by Broker Alarab and is categorized for professional traders, money managers and larger accounts. According to our data, spreads range from 0.0–0.2 pips with a 0.1-pip recorded average, commission is $2 per lot, the minimum deposit is $20,000 and the account uses ECN Execution. Ultra ECN combines the lowest recorded commission and tightest spread range among our Moneta accounts with a significantly higher capital requirement.

SIDE-BY-SIDE COMPARISON

Compare Trading Accounts, Spreads, Commissions and Platforms

Review spreads, commissions, minimum deposits, trading platforms, execution methods and broker-level regulatory information.

FP Markets
Raw
Moneta Markets
Ultra ECN

01 — Basic Account Information

Compare the broker, account name, account classification and regulatory information.

Broker

FP Markets
FP Markets
Moneta Markets
Moneta Markets

Account Name

FP Markets
Raw
Moneta Markets
Ultra ECN

Account Type

FP Markets
raw
Moneta Markets
raw

Broker Regulatory Licenses

Broker-level regulatory information. Verify which legal entity serves your country.

FP Markets
ASIC | CySEC | FSCA | FSA | FSC | CMA
Moneta Markets
FCA | FSCA | FSC

02 — Spreads and Trading Costs

Compare the recorded trading costs without assuming undocumented pricing.

Advertised Spread Range

FP Markets
0.0 - 0.3
Moneta Markets
0.0 - 0.2

Minimum Recorded Spread

Based on the available account information.

FP Markets
0
Moneta Markets
0

Average Recorded Spread

FP Markets
0.1
Moneta Markets
0.1

Advertised Commission

FP Markets
Not specified
Moneta Markets
Not specified

03 — Deposits and Execution

Review account funding requirements and order execution characteristics.

Minimum Deposit

FP Markets
$100
Moneta Markets
$20,000

Order Execution Method

FP Markets
Market Execution
Moneta Markets
ECN Execution

Trading Platforms

Available platforms may differ by account type.

FP Markets
MT4 | MT5 | cTrader | TradingView
Moneta Markets
MT4 | MT5 | AppTrader

04 — Account Features and Conditions

Review relevant account characteristics and trading suitability.

Scalping Suitability

An internal classification, not a guarantee of suitability.

FP Markets
Classified as suitable for scalping
Moneta Markets
Not classified in this category

05 — Broker Information and Regulation

Broker-level information does not guarantee that every license applies to the selected account.

Listed Regulatory Licenses

FP Markets
ASIC | CySEC | FSCA | FSA | FSC | CMA
Moneta Markets
FCA | FSCA | FSC

Broker Maximum Leverage

Actual leverage may depend on the account, jurisdiction and legal entity.

FP Markets
1:500
Moneta Markets
1:1000

Open a Trading Account

FP Markets
Open Account ↗
Moneta Markets
Open Account ↗

Information is based on records available to Broker Alarab. Trading conditions may vary by account, country and legal entity.

EXPERT ANALYSIS

Broker Alarab's Assessment of Both Accounts

We review each account independently, highlighting strengths, limitations and the types of traders it may suit, without declaring an unsupported winner.

FP Markets logo

FP Markets

Raw

Moneta Markets logo

Moneta Markets

Ultra ECN

Broker Alarab's Assessment

We see FP Markets Raw as particularly relevant to traders prioritizing tight spreads, with its listed 0.0–0.3 pip range and 0.1-pip recorded average. However, the $6 per-lot commission is an essential cost component and should not be ignored. Evaluating Raw, especially against Standard, should therefore focus on expected total cost and trading volume rather than the spread figure alone.

Broker Alarab's Assessment

We see Moneta Ultra ECN as a specialized account rather than an automatic upgrade for every Prime ECN user. It reduces the recorded spread range to 0.0–0.2 pips and commission to $2 per lot, but the minimum deposit rises to $20,000. Its value is therefore most relevant to professionals or money managers whose trading requirements and volume can justify the substantially higher capital threshold.

Account Advantages

  • ✓Listed spreads range from 0.0–0.3 pips according to Broker Alarab data
  • ✓Recorded average spread is 0.1 pip
  • ✓Tighter listed spread range than the Standard account
  • ✓Categorized for scalpers and active traders
  • ✓The $100 minimum deposit is the same as Standard

Account Advantages

  • ✓Tightest recorded spread range among our Moneta accounts at 0.0–0.2 pips
  • ✓Recorded average spread is 0.1 pip
  • ✓Recorded $2 per-lot commission is lower than Prime ECN
  • ✓Categorized for professional traders, money managers and larger accounts
  • ✓Uses ECN Execution according to the account data

Disadvantages and Considerations

  • !A $6 per-lot trading commission applies according to our data
  • !A spread starting at 0.0 does not mean trading cost is zero
  • !Higher total trading volume increases the cumulative impact of commission
  • !Traders should compare both spread and commission with Standard rather than relying on the minimum spread alone

Disadvantages and Considerations

  • !The $20,000 minimum deposit is substantially higher than the other Moneta accounts
  • !A separate trading commission still applies despite being lower than Prime ECN
  • !A spread starting from 0.0 does not mean trading is cost-free
  • !The account serves a more specialized segment and is not designed around a low entry requirement

Who Is This Account Suitable For?

  • •Scalpers according to Broker Alarab account categorization
  • •Active traders who prioritize tight spreads
  • •Users who prefer a pricing model that separates commission from the spread
  • •Traders comparing Raw with Standard who can evaluate total cost based on their trading volume

Who Is This Account Suitable For?

  • •Professional traders according to Broker Alarab account categorization
  • •Money managers and larger account holders
  • •Users able to meet the $20,000 minimum deposit requirement
  • •Traders who may benefit from lower commission and a tighter spread range at larger trading volumes

Detailed Account Analysis

Does the FP Markets Raw Spread Start From 0.0 Pips?

Yes. The recorded minimum spread for FP Markets Raw is 0.0 pips, while the full listed range is 0.0–0.3 pips and the recorded average is 0.1 pip according to Broker Alarab data. The 0.0 figure does not mean trading is cost-free, however, because the account carries a $6 per-lot commission. Spread figures should therefore be read together with commission when evaluating costs.

FP Markets Raw vs Standard: Tighter Spreads or No Commission?

Raw and Standard use different pricing models. Raw has listed spreads of 0.0–0.3 pips with a $6 per-lot commission, while Standard has 1.0–1.5 pip spreads without a separate commission. Both accounts have a $100 minimum deposit. The comparison therefore centers on whether tighter spreads plus commission are more suitable for the trader’s expected volume and frequency than wider spreads without a separate commission.

Why Does Trading Volume Matter for FP Markets Raw Commission?

The recorded Raw commission is $6 per lot, making total traded lots an important factor when estimating costs. As cumulative trading volume increases, the commission component has a larger impact on total transaction costs. This is particularly relevant because the account is categorized for scalpers and active traders, trading styles that may involve greater transaction frequency than less active approaches.

Detailed Account Analysis

Why Does Moneta Ultra ECN Require a $20,000 Deposit?

The minimum deposit recorded by Broker Alarab for Ultra ECN is $20,000, compared with $50 for Direct STP and Prime ECN. The account therefore occupies a substantially different capital tier, consistent with its categorization for professionals, money managers and larger accounts. The figure represents an account requirement rather than a recommendation for suitable trading capital.

Moneta Ultra ECN vs Prime ECN: Spread and Commission

Ultra ECN has recorded spreads of 0.0–0.2 pips with a $2 per-lot commission, while Prime ECN has 0.0–0.3 pip spreads and a $6 per-lot commission. Both use ECN Execution, but the major difference is the minimum deposit: $20,000 for Ultra versus $50 for Prime. A meaningful comparison should therefore include both capital requirements and trading costs.

Is Moneta Ultra ECN Designed for Larger Accounts?

Broker Alarab data categorizes Ultra ECN for professional traders, money managers and larger accounts. This aligns with the recorded $20,000 minimum deposit and pricing structure of a $2 per-lot commission with 0.0–0.2 pip spreads. Account suitability, however, depends on actual trading requirements and volume rather than simply meeting the minimum deposit.

Important details about the FP Markets Raw account

Commission is $6 per lot

This commission is a core component of the Raw pricing model according to Broker Alarab data and should be evaluated alongside the spread when comparing Raw with Standard.

0.0 pips is the start of the spread range, not zero cost

The listed spread ranges from 0.0–0.3 pips with a 0.1-pip recorded average, but the separate commission means trading cost is not zero even when the spread reaches 0.0.

The minimum deposit is $100

Raw and Standard have the same recorded $100 minimum deposit. This figure represents an account requirement rather than a recommendation for appropriate trading capital.

Important details about the Moneta Markets Ultra ECN account

The minimum deposit is $20,000

This is the Ultra ECN requirement recorded by Broker Alarab, substantially higher than Direct STP and Prime ECN, and it is not a recommendation for suitable trading capital.

The recorded commission is $2 per lot

The commission is lower than Prime ECN in our data but remains a separate trading-cost component that should be considered with the spread.

Recorded spreads range from 0.0–0.2 pips

The recorded average is 0.1 pip, and the 0.0-pip starting point does not mean cost-free trading because a separate commission applies.

Read the Full Account Review →
Read the Full Account Review →
DECISION GUIDE

How to Choose the Right Trading Account

Numbers alone are not enough. Account suitability depends on your trading strategy, capital, financial instruments and the conditions applicable to you.

01

Compare Spreads and Commissions Together

The recorded spread for FP Markets Raw is 0.0 - 0.3, while Moneta Markets Ultra ECN shows 0.0 - 0.2. Evaluating overall trading costs also requires checking commission rates, pricing units, instruments and position sizes.

02

Review Minimum Deposit Requirements

The recorded minimum deposit for FP Markets Raw is $100, compared with $20,000 for Moneta Markets Ultra ECN. A lower deposit requirement may provide more flexibility, but it does not automatically make an account better.

03

Compare Trading Platforms and Execution

Check which trading platforms each broker actually offers for the selected account, including MetaTrader 4 or MetaTrader 5 where supported. Also review execution policies and potential slippage. Availability and conditions may vary by account and country.

04

Verify Regulation and Eligibility

Confirm the legal entity that will serve your account, the regulatory framework applicable to that entity, and whether the selected account is available in your country.

FREQUENTLY ASKED QUESTIONS

FAQs About FP Markets Raw vs Moneta Markets Ultra ECN

Answers to common questions about account comparisons, trading costs and account conditions.

What is the difference between FP Markets Raw and Moneta Markets Ultra ECN?+
The recorded spread for FP Markets Raw is 0.0 - 0.3, compared with 0.0 - 0.2 for Moneta Markets Ultra ECN. The advertised commissions are Not specified and Not specified, respectively. You should also consider execution conditions, deposit requirements and account availability.
Is the account with the lowest spread always better?+
Not necessarily. Trading costs should be evaluated using both spreads and commissions, while considering the financial instrument, position size and execution conditions.
Can I compare two accounts from the same broker?+
Yes. Broker Alarab allows traders to compare accounts from the same broker or from different brokers.
How can I verify the trading conditions?+
Review the broker's official account specifications, applicable legal entity and trading conditions. Spreads, commissions and leverage may vary by instrument, account and jurisdiction.
What is the FP Markets Raw account?+
FP Markets Raw is a low-spread account categorized by Broker Alarab for scalpers and active traders. According to our data, spreads range from 0.0–0.3 pips with a recorded average of 0.1 pip, commission is $6 per lot, the minimum deposit is $100 and orders use Market Execution.
What is the FP Markets Raw spread?+
The spread recorded for FP Markets Raw ranges from 0.0–0.3 pips, while the recorded average spread is 0.1 pip according to Broker Alarab data. A spread reaching 0.0 does not mean cost-free trading because the account also carries a $6 per-lot commission.
What is the FP Markets Raw commission and minimum deposit?+
According to Broker Alarab data, the Raw account commission is $6 per lot and the minimum deposit is $100. This is the same minimum deposit recorded for Standard, but Standard has no separate trading commission and uses a wider listed spread range.
What is the difference between FP Markets Raw and Standard?+
Raw has listed spreads of 0.0–0.3 pips and a $6 per-lot commission, while Standard has 1.0–1.5 pip spreads with a $0 separate commission. Both accounts start from $100 and use Market Execution, so the primary difference is how trading costs are divided between spread and commission.
What is the Moneta Markets Ultra ECN account?+
Ultra ECN is the Moneta Markets account categorized by Broker Alarab for professional traders, money managers and larger accounts. According to our data, spreads range from 0.0–0.2 pips with a 0.1-pip average, commission is $2 per lot, the minimum deposit is $20,000 and the account uses ECN Execution.
What are the Moneta Ultra ECN spread and commission?+
According to Broker Alarab data, Ultra ECN spreads range from 0.0–0.2 pips with a recorded average of 0.1 pip, while commission is $2 per lot. Both components should be considered together because a 0.0-pip starting spread does not mean trading is cost-free.

Explore Both Trading Accounts in Detail

Review the full account information, compare trading conditions and verify the broker's requirements before opening an account.

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