Which broker is better for Sweden traders in 2026? Expert analysis across 12 categories.
When comparing IC Markets vs Moneta Markets for Sweden traders in 2025, the choice often comes down to cost, platform features, and local payment options. IC Markets holds a strong 4.8/5 rating and is known for its raw spreads, fast execution, and support for multiple account types. Moneta Markets, with a 3.3/5 rating, targets retail traders who prefer a simpler trading environment. Both brokers accept Swedish clients and support popular local deposit methods like Bank Transfer, Skrill, Neteller, and USDT TRC20. However, they are not regulated by the Swedish financial regulator (Finansinspektionen), which is an important consideration for risk-aware traders. This comparison breaks down the key differences specific to Sweden – from spreads and platforms to Islamic accounts and customer support – so you can decide which broker fits your retail trading strategy.
| Instrument | IC Markets | Moneta Markets | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Moneta Markets |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Moneta Markets |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Moneta Markets |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Moneta Markets |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $200 | $50 | IC Markets |
For Sweden traders, IC Markets clearly wins on trading costs. On the Raw Spread account, spreads start from 0.0 pips on major pairs like EUR/USD, with a commission of $3.50 per lot round turn. This is ideal for active traders who trade multiple lots daily. Moneta Markets offers a Standard account with no commission but wider spreads – typically 1.0–1.2 pips on EUR/USD – making it more expensive for volume traders. Over 100 lots per month, the cost difference can amount to hundreds of dollars in favour of IC Markets. Both brokers denominate accounts in USD, which is convenient for Swedish traders who trade global markets.
| Account Type | IC Markets | Moneta Markets |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✗ |
| Zero spread account | ✓ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $200 | $50 |
| Entity / Asset | IC Markets | Moneta Markets |
|---|---|---|
| Sweden (offshore) | Up to 1:5000 | Up to 1:1000 |
| Forex major pairs | 1:5000 | 1:1000 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
| Asset Class | IC Markets | Moneta Markets | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | IC Markets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | IC Markets |
| Crypto CFDs | 30+ | ✗ | IC Markets |
| Stocks / Share CFDs | ✗ | ✗ | Moneta Markets |
| ETFs | ✗ | ✗ | Tie |
| Platform | IC Markets | Moneta Markets |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✓ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
IC Markets offers the industry-leading MetaTrader 4 and MetaTrader 5, plus cTrader for ECN-style trading – all available in Swedish language. cTrader is particularly popular among Swedish scalpers for its depth of market and order flow visibility. Moneta Markets provides MT4 and its proprietary WeTrade platform, but lacks cTrader. For Sweden traders who value advanced charting tools and algorithmic trading, IC Markets has a clear edge. Both brokers offer mobile apps compatible with iOS and Android, allowing you to manage trades on the go.
| Factor | IC Markets | Moneta Markets | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Moneta Markets |
| Avg execution speed | ~30ms | ~40ms | IC Markets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
IC Markets uses Equinix NY4 data centers and offers ultra-low latency execution with an average order execution speed of under 40ms. This is critical for Swedish scalpers and day traders. Moneta Markets’ execution is decent but slower, averaging around 100–150ms. For retail traders in Sweden who prioritise fast fills and minimal slippage, IC Markets is the superior choice. Both brokers offer market execution, but IC Markets also provides ECN execution on cTrader for even tighter spreads.
| Safety Factor | IC Markets | Moneta Markets |
|---|---|---|
| Primary regulator | ASIC | ASIC |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✗ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
IC Markets is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC), while Moneta Markets is regulated by the Financial Services Authority (FSA) in Seychelles. Neither broker holds a license from the Swedish financial regulator (Finansinspektionen). This means Swedish clients are not covered by the Swedish investor compensation scheme or negative balance protection mandated by local EU regulations. If regulatory safety is a top priority, consider that Moneta Markets’ offshore license offers even less protection. Always trade with caution and only risk capital you can afford to lose.
| Payment Method | IC Markets | Moneta Markets |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✗ |
| Neteller | ✓ | ✗ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | E-wallets instant-24hrs; Cards 3-5 business days (up to 10); Int'l bank wire up to 14 days | Internal Processing: Generally handled within 24 hours by the finance team.Credit/Debit Cards: 1 to 5 business days to fully reflect.Bank Wire / International Transfers: 3 to 5 business days to complete. |
Swedish traders can easily fund both accounts using Bank Transfer, Skrill, Neteller, or USDT TRC20. IC Markets processes deposits immediately for most methods and withdrawals via Skrill/Neteller within a few hours. Bank transfers take 1–3 business days. Moneta Markets also supports these methods, but withdrawal times can be slightly longer – up to 24 hours for e-wallets. USDT TRC20 deposits are fast and fee-free on both platforms, making them attractive for crypto-savvy Swedish traders. IC Markets has no deposit fees, while Moneta Markets may charge a small fee for some bank transfer deposits. Minimum deposits are similar: $200 for IC Markets and $50 for Moneta Markets, giving the latter an advantage for beginners.
| Islamic Account Feature | IC Markets | Moneta Markets |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Both IC Markets and Moneta Markets offer Islamic (swap-free) accounts for Swedish Muslim traders who require Sharia-compliant trading. IC Markets provides swap-free status on all account types (Raw Spread, Standard, cTrader) upon request, with no additional fees. Moneta Markets offers Islamic accounts on its Standard account only, and the swap-free feature must be requested via support. Both brokers comply with the basic principle of no overnight interest charges. However, IC Markets’ broader eligibility and larger selection of instruments make it more flexible for active Islamic traders in Sweden.
| Support Feature | IC Markets | Moneta Markets | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | IC Markets |
IC Markets offers 24/7 live chat and email support in Swedish, making it easy for Sweden traders to get help in their native language. Phone support is available during business hours. Moneta Markets also has live chat and email support but does not explicitly state Swedish-language support – most communication is in English. IC Markets’ faster response times (under 30 seconds on live chat) give it a distinct advantage for Swedish traders who need quick assistance during European trading hours.
| Mobile Feature | IC Markets | Moneta Markets | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | IC Markets |
| Google Play rating | 4.3 stars | 4.2 stars | IC Markets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Resource | IC Markets | Moneta Markets | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | ✗ | ✗ | Tie |
| Economic calendar | ✓ | ✗ | Tie |
| Market analysis | Daily | Basic | IC Markets |
Choose IC Markets if you...
Choose Moneta Markets if you...
For the vast majority of Swedish retail traders, IC Markets is the clear winner. Its 4.8/5 rating reflects superior trading conditions – tighter spreads, faster execution, and a wider range of platforms including cTrader. The support for local payment methods like Bank Transfer, Skrill, Neteller, and USDT TRC20 makes deposits and withdrawals seamless. Moneta Markets’ 3.3/5 rating is a viable alternative for absolute beginners or those who prioritise a very low minimum deposit. However, both brokers lack regulation by the Swedish financial regulator, so you trade without local investor protection. If you are an active trader looking to minimise costs and maximise performance, IC Markets is the recommended choice for Sweden in 2025.