Broker Alarab
Detailed Trading Account Comparison

Trading Account Comparison: IC Markets Raw Spread (cTrader)vs Moneta Markets Ultra ECN

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

View Comparison Table ↓Compare Other Accounts
ACCOUNT OVERVIEW

What Makes IC Markets Raw Spread (cTrader) 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.

IC Markets Raw Spread (cTrader)

The IC Markets Raw Spread (cTrader) account is the Raw option categorized by Broker Alarab for advanced traders seeking a cTrader-focused account with tight spreads and separate commission pricing. Spreads range from 0.0–0.3 pips, commission is $3 per lot, the minimum deposit is $200 and orders use Market Execution, giving it a distinct position versus the regular Raw Spread and Standard accounts.

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.

IC Markets
Raw Spread (cTrader)
Moneta Markets
Ultra ECN

01 — Basic Account Information

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

Broker

IC Markets
IC Markets
Moneta Markets
Moneta Markets

Account Name

IC Markets
Raw Spread (cTrader)
Moneta Markets
Ultra ECN

Account Type

IC Markets
raw
Moneta Markets
raw

Broker Regulatory Licenses

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

IC Markets
ASIC | CySEC | FSA | SCB
Moneta Markets
FCA | FSCA | FSC

02 — Spreads and Trading Costs

Compare the recorded trading costs without assuming undocumented pricing.

Advertised Spread Range

IC Markets
0.0 - 0.3
Moneta Markets
0.0 - 0.2

Minimum Recorded Spread

Based on the available account information.

IC Markets
0
Moneta Markets
0

Average Recorded Spread

IC Markets
0.1
Moneta Markets
0.1

Advertised Commission

IC Markets
Not specified
Moneta Markets
Not specified

03 — Deposits and Execution

Review account funding requirements and order execution characteristics.

Minimum Deposit

IC Markets
$200
Moneta Markets
$20,000

Order Execution Method

IC Markets
Market Execution
Moneta Markets
ECN Execution

Trading Platforms

Available platforms may differ by account type.

IC 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.

IC 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

IC Markets
ASIC | CySEC | FSA | SCB
Moneta Markets
FCA | FSCA | FSC

Broker Maximum Leverage

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

IC Markets
1:500
Moneta Markets
1:1000

Open a Trading Account

IC 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.

IC Markets logo

IC Markets

Raw Spread (cTrader)

Moneta Markets logo

Moneta Markets

Ultra ECN

Broker Alarab's Assessment

We see IC Markets Raw Spread (cTrader) as an account that should be evaluated through both cTrader preference and Raw pricing rather than as another version of Raw Spread. Our data lists the same 0.0–0.3 pip range but a $3-per-lot commission compared with $7 on Raw Spread. Platform preference, commission and trading volume can therefore become decisive factors.

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

  • ✓Spreads range from 0.0–0.3 pips according to Broker Alarab data
  • ✓Commission is $3 per lot according to our data
  • ✓The cTrader-focused Raw option within our IC Markets account lineup
  • ✓Categorized for advanced traders
  • ✓Listed commission is lower than Raw Spread while sharing the same spread range in our table

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

  • !Carries a separate $3-per-lot commission
  • !A spread starting at 0.0 does not represent the complete transaction cost
  • !May be less relevant to traders who do not prioritize cTrader
  • !Should be compared with Raw Spread, Standard and the other Raw accounts before choosing

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?

  • •Advanced traders who prefer cTrader within the IC Markets account options
  • •Traders seeking to combine cTrader with a tight spread range
  • •Users comparing cTrader account commission with the regular Raw Spread account
  • •Traders who evaluate both spread and commission when choosing an account

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

IC Markets Raw Spread (cTrader) vs Raw Spread: What Is the Difference?

According to Broker Alarab data, both accounts share 0.0–0.3 pip spreads, a $200 minimum deposit and Market Execution. The clear difference in our table is commission alongside the cTrader focus of this account. Raw Spread (cTrader) carries a $3-per-lot commission, while Raw Spread carries $7 per lot. Traders should therefore compare their preferred platform and total trading cost rather than assuming the accounts are identical because both carry the Raw Spread name.

Who Is the IC Markets cTrader Account For?

Broker Alarab categorizes Raw Spread (cTrader) for advanced traders. The account becomes particularly relevant to users specifically seeking a cTrader experience while also wanting tight Raw pricing. Platform choice alone does not determine suitability, however. Traders should also consider the $3-per-lot commission, 0.0–0.3 pip spread range and expected trading volume, allowing the account to be evaluated as a complete combination of trading workflow and cost.

IC Markets cTrader vs Standard: Which Account Fits Your Trading Style?

The pricing structures differ clearly in our data. Raw Spread (cTrader) uses 0.0–0.3 pip spreads with a $3-per-lot commission, while Standard uses 0.8–1.0 pips with no separate commission. Both have a $200 minimum deposit. Traders seeking simpler pricing may consider Standard, while those prioritizing cTrader and tighter spreads should evaluate the cTrader account after including commission in the total transaction cost.

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 IC Markets Raw Spread (cTrader) account

The cTrader account commission is $3 per lot in our data

Broker Alarab data lists a $3-per-lot commission for Raw Spread (cTrader). This should be considered alongside the spread when comparing trading costs.

Raw Spread and Raw Spread (cTrader) are not identical

Although their spread ranges and minimum deposits match in our data, commission differs and this account has a cTrader focus, so the two should be evaluated separately.

Choosing cTrader does not remove the importance of cost

Platform preference matters, but spread, commission and trading volume remain important factors when determining whether the account fits a trader.

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 IC Markets Raw Spread (cTrader) 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 IC Markets Raw Spread (cTrader) is $200, 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 IC Markets Raw Spread (cTrader) vs Moneta Markets Ultra ECN

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

What is the difference between IC Markets Raw Spread (cTrader) and Moneta Markets Ultra ECN?+
The recorded spread for IC Markets Raw Spread (cTrader) 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 IC Markets Raw Spread (cTrader) account?+
The IC Markets Raw Spread (cTrader) account is the cTrader-focused Raw option and is categorized by Broker Alarab for advanced traders. According to our data, spreads range from 0.0–0.3 pips, commission is $3 per lot, the minimum deposit is $200 and orders use Market Execution. It differs from the regular Raw Spread account in our table through its commission and cTrader focus.
What is the IC Markets cTrader spread and commission?+
According to Broker Alarab data, Raw Spread (cTrader) spreads range from 0.0–0.3 pips and commission is $3 per lot. A spread starting at 0.0 does not mean trading is cost-free because commission must be included when evaluating each transaction. Traders should therefore consider both components, particularly when operating at greater volume or frequency.
What is the IC Markets Raw Spread (cTrader) minimum deposit?+
The IC Markets Raw Spread (cTrader) minimum deposit listed in Broker Alarab data is $200. This matches the minimum currently stored for the other IC Markets accounts in our table. The amount represents the account requirement in our database and should not be interpreted as a recommendation for suitable trading capital or risk.
What is the difference between IC Markets Raw Spread (cTrader) and Raw Spread?+
According to our data, both accounts use 0.0–0.3 pip spreads, a $200 minimum deposit and Market Execution. Raw Spread (cTrader) carries a $3-per-lot commission, while Raw Spread carries a $7-per-lot commission. The cTrader account is also categorized for advanced traders in our data, making both platform preference and trading cost important comparison factors.
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.

View IC Markets Raw Spread (cTrader) →View Moneta Markets Ultra ECN →
Compare Two Other Accounts →