IC Markets vs Moneta Markets 2026: Norway Broker Comparison

When trading from Norway, spreads and commissions directly affect your profitability. IC Markets offers a Raw Spread account with spreads from 0.0 pips and a commission of $3.50 per lot per side, which is ideal for high-volume traders. Moneta Markets provides a Standard account with spreads from 1.0 pip and no commission, making it simpler but costlier for frequent trades. For example, trading EUR/NOK with 10 standard lots per day would cost roughly $35 daily on IC Markets versus $100 on Moneta Markets. Norway traders who scalp or day trade will find IC Markets significantly cheaper over time.

IC Markets supports MetaTrader 4, MetaTrader 5, cTrader, and WebTrader, offering advanced charting and automated trading via Expert Advisors. This suits Norway traders who need fast execution and custom indicators. Moneta Markets provides MT4 and a proprietary web platform, which is easier for beginners but lacks the depth of cTrader. For Norway traders who trade volatile pairs like USD/NOK, IC Markets’ cTrader offers superior order management and depth of market, making it the better choice for active retail traders.

IC Markets uses true ECN execution with no dealing desk, offering average execution speeds of 40ms and negligible requotes. This is ideal for Norway scalpers and algorithmic traders. Moneta Markets uses a combination of ECN and market maker execution depending on account type, with average speeds around 60ms. For high-frequency trading, IC Markets clearly outperforms. Norway traders who rely on fast fills should favour IC Markets.

Neither IC Markets nor Moneta Markets holds a licence from the Norwegian financial regulator (Finanstilsynet). IC Markets is regulated by the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Authority (FSA) of Seychelles. Moneta Markets is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa and the FSA. For Norway traders, this means lower leverage limits under ASIC (30:1) but stronger client fund protection. Moneta Markets offers higher leverage up to 500:1 but with less regulatory oversight. Norway traders should assess their risk tolerance before choosing.

Both brokers make it easy for Norway traders to fund accounts using Bank Transfer, Skrill, Neteller, and USDT TRC20. IC Markets supports deposits in USD, EUR, GBP, AUD, and more – but not NOK directly. You can deposit via Skrill or Neteller in USD, or use a Bank Transfer (converted from NOK to USD by your bank). USDT TRC20 deposits are settled instantly with no fees. Withdrawals are processed within 1-2 business days for e-wallets and crypto, while bank transfers may take 2-5 business days. Moneta Markets offers a similar setup with no deposit fees. Both brokers require verified accounts before withdrawals. For Norway traders, e-wallets and USDT are the fastest and cheapest methods.

IC Markets provides swap-free Islamic accounts for Norway Muslim traders who follow Sharia law. These accounts have no overnight interest on Forex, Metals, and Indices. The request must be made via support, and the account remains swap-free indefinitely. Moneta Markets also offers Islamic accounts with zero swap on all major instruments. However, after 10 days, a small administration fee may apply on positions held longer. Norway traders should compare these conditions: IC Markets is more generous for long-term holding, while Moneta Markets works better for short-term swing traders.

IC Markets offers 24/7 customer support via live chat, email, and phone in English. Moneta Markets provides 24/5 support with live chat and email. For Norway traders, both brokers lack local Norwegian-language support, but the English support teams are responsive. IC Markets has a slight edge with round-the-clock availability, which is beneficial for Norway traders trading during global market hours.