IC Markets vs Moneta Markets: Which Broker Is Better?

IC Markets operates through regulated entities that include International Capital Markets Pty Ltd, authorised by ASIC under licence number 335692, and IC Markets (EU) Ltd, regulated by CySEC under licence number 362/18. International services are also provided through Raw Trading Ltd, regulated by the Seychelles FSA under licence number SD018, and IC Markets Global Ltd, regulated in the Bahamas.

The level of protection at IC Markets depends on the entity serving the client. An ASIC or CySEC account does not necessarily provide the same conditions and rights as an account opened with an international entity, and leverage, complaint procedures, negative-balance protection and available products may differ even when the client uses the same Raw Spread account or platform.

Before choosing IC Markets for scalping or algorithmic trading, traders should verify the legal company name and licence number shown during registration. Low spreads, liquidity and execution are important, but they do not determine which entity is responsible for client funds or what legal protection applies if a dispute or account problem occurs.

Regulated IC Markets entities hold eligible client funds in segregated accounts, separate from the capital used for the company’s operations, under the requirements of the relevant regulator. The broker also states that negative balance protection may apply to certain clients and entities under the conditions of the applicable account agreement.

Client-fund protection is not identical across the IC Markets group and may differ between the ASIC-regulated Australian entity, the CySEC-regulated European entity and international entities in Seychelles or the Bahamas. Traders should identify the legal company that will hold their funds before choosing a Raw Spread account or making a deposit.

Moneta Markets operates through entities that include MONETA MARKETS CAPITAL LTD, associated with UK FCA register number 613381, Moneta Markets (Pty) Ltd, authorised by the FSCA in South Africa under number 47490, and Moneta Markets Trading Limited, regulated by the FSC in Mauritius under number GB24203391. Traders should verify the scope of each entity’s authorisation rather than relying on a registration number alone.

The service, products, leverage and complaint procedures available to Moneta Markets clients may vary according to the entity accepting the account. The appearance of a company name in a regulator’s register does not automatically mean that every product offered by the brand is available or protected in the same way.

Before opening an account, traders should review the legal company name, licence status and permitted activities in the official register. This is important when comparing platform access and trading conditions because it identifies the entity responsible for the account and the level of legal protection actually available.

Moneta Markets states that client funds are held in segregated accounts. Its protection materials also refer to the use of a highly rated banking institution, negative balance protection and additional professional indemnity insurance. These arrangements are intended to separate eligible client money from funds used for the broker’s business operations.

The bank used, insurance scope, coverage limits and client eligibility may differ according to the legal entity and account agreement. These measures should not be treated as an unconditional guarantee of client funds. Traders should review the documents applying to the FCA, FSCA or FSC entity responsible for their account before depositing.