Written by ForexBrokers.com
In this head to head comparison of Moneta Markets vs ATFX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When comparing Moneta Markets and ATFX, it's important to consider their regulatory credentials. Founded in 2009, Moneta Markets holds one Tier-1 license, considered highly trustworthy, and one Tier-2 license, deemed trusted. Despite not being publicly traded or a bank, Moneta Markets has a Trust Score of 79 out of 99 from ForexBrokers.com, placing it in the average risk category.
ATFX, established in 2017, holds a stronger regulatory position with four Tier-1 licenses and two Tier-2 licenses. Similar to Moneta Markets, ATFX is neither publicly traded nor a bank, but it carries a higher Trust Score of 85 out of 99, categorizing it as a trusted broker. This score reflects ATFX's more extensive regulatory backing, making it potentially more appealing for individuals seeking a broker with a solid trust grounding.
| Feature |
Moneta Markets
|
ATFX
|
|---|---|---|
| Year Founded | 2009 | 2017 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 4 |
| Tier-2 Licenses | 1 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When it comes to analyzing the commissions and fees of Moneta Markets compared to ATFX, there are some distinct differences to consider. Moneta Markets offers three account types: the commission-free Direct STP account and two commission-based accounts, the Prime ECN and Ultra ECN. The STP account is free of commission fees but carries higher spreads for forex trading. In contrast, the Prime ECN account delivers an average spread of 0.194 pips for the EUR/USD pair with an associated commission of $6 per round-trip standard lot, creating an all-in cost of about 0.79 pips. The Ultra ECN account provides tighter spreads and an even lower commission of $2 per round-trip, given a minimum deposit of $20,000. In conclusion, while the pricing setup at Moneta Markets is competitive, it has room for improvement compared to the best in the industry.
While Moneta Markets details its fee structure clearly, ATFX lacks available data on average spreads, making it less transparent by comparison. This could be a consideration for traders who emphasize cost-efficiency and transparency in trading expenses when selecting a broker. Moneta Markets received a higher rating of 4.5 stars for its commissions and fees, showing it’s a more attractive option than ATFX, which garnered only 3 stars in this category.
Regarding industry rankings, Moneta Markets stands out, holding the 16th position out of 63 brokers rated by ForexBrokers.com for its commissions and fees. ATFX, on the other hand, finds itself much lower in the rankings at 60th place, reflecting less competitive pricing and fewer options for traders concerned about cost. When evaluating brokers primarily based on trading costs, Moneta Markets presents itself as the better choice compared to ATFX.
| Feature |
Moneta Markets
|
ATFX
|
|---|---|---|
| Minimum Deposit | $50 | $500 |
| Average Spread EUR/USD - Standard | 1.38 | N/A |
| All-in Cost EUR/USD - Active | 0.79 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Moneta Markets and ATFX both provide opportunities for forex trading as CFDs, but there are notable differences in their investment offerings. Moneta Markets grants access to a substantial 1016 tradeable symbols, while ATFX offers a smaller selection of 150 symbols. Both brokers are closely matched in their forex pair options, with Moneta Markets offering 45 and ATFX close behind with 44 pairs. Neither broker facilitates buying actual exchange-traded securities or cryptocurrencies, but they both offer the ability to engage with cryptocurrency derivatives. Additionally, both platforms support copy trading, which can be appealing to users looking to mirror successful traders' strategies.
While Moneta Markets is rated four stars for its range of investments, ATFX comes in slightly lower at 3.5 stars. In a ranking by ForexBrokers.com among 63 brokers, Moneta Markets secured the 35th spot for its investment range, while ATFX is placed at number 57. This positions Moneta Markets as a slightly more versatile choice for traders seeking a wider array of investment options, though each broker offers unique strengths that could appeal to different trading preferences and strategies.
| Feature |
Moneta Markets
|
ATFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 150 |
| Forex Pairs (Total) | 45 | 44 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools of Moneta Markets and ATFX, both brokers offer various options to cater to diverse trading needs. Each provides a free virtual demo account, allowing traders to practice without financial risk. Although neither has a proprietary platform, traders can access popular tools like MetaTrader 4 and MetaTrader 5 on both brokers. They both also offer Windows-based desktop downloads and web-based platforms for convenient browser access. Additionally, both Moneta Markets and ATFX enable users to engage in copy trading, although only Moneta Markets supports DupliTrade while both do not offer ZuluTrade.
For charting features, Moneta Markets takes the lead by offering 78 drawing tools compared to ATFX's 15, though the number of technical indicators isn't specified. Both platforms allow trading directly from a stock chart, adding to the ease of use. Furthermore, Moneta Markets provides four columns for watch lists, whereas ATFX offers seven. According to ForexBrokers.com, Moneta Markets is ranked #33 out of 63 brokers for trading platforms and tools and rated 4 stars. On the other hand, ATFX is ranked #62 with a 3.5-star rating. These differences highlight Moneta Markets as having a slight edge over ATFX in the trading platform and tools category.
| Feature |
Moneta Markets
|
ATFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | Yes | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 105 | 30 |
| Charting - Drawing Tools (Total) | 78 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 4 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When choosing between Moneta Markets and ATFX for mobile trading, both platforms offer iPhone and Android apps, providing users the convenience of trading on-the-go. Moneta Markets stands out by offering 30 different technical studies for charting compared to ATFX’s 7, giving traders more versatility in their analysis. Furthermore, Moneta Markets offers the ability to sync watchlist symbols, ensuring that updates made on the app reflect on the online account. ATFX does not provide this functionality, which can be a consideration for traders who use multiple platforms.
Both Moneta Markets and ATFX offer real-time quotes and the capability to create watchlists. Each app allows users to draw trendlines and view charts in various time frames. These features come with the added advantage of automatically saving any drawings. In terms of user satisfaction, Moneta Markets scores higher with 4 stars compared to ATFX’s 3.5 stars, and it ranks better at #35, while ATFX falls at #63 among 63 brokers surveyed by ForexBrokers.com. This difference indicates Moneta Markets may offer a slightly more comprehensive and user-friendly mobile experience.
| Feature |
Moneta Markets
|
ATFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 7 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, Moneta Markets and ATFX both offer daily market commentary, providing traders with regular insights. Moneta Markets stands out, however, by offering forex news from top-tier sources like Bloomberg and Reuters, ensuring traders receive the most reliable news. In contrast, ATFX does not offer such news but compensates by providing technical analysis tools from Autochartist, which Moneta Markets lacks. Both brokers benefit from Trading Central's tools, which help traders with their analyses.
Moneta Markets enhances its research arsenal with sentiment-based trading tools, allowing traders to gauge market sentiment through long or short position ratios, a feature not available with ATFX. While neither broker offers research from TipRanks or tools from Acuity Trading, both provide an economic calendar to track key global news events. Moneta Markets is rated higher for research, receiving 4 out of 5 stars and ranking 32nd among 63 brokers, whereas ATFX receives 3 stars and ranks at 54. Overall, Moneta Markets seems to offer more expansive research resources, making it a potentially better choice for traders seeking comprehensive market insights.
| Feature |
Moneta Markets
|
ATFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources for beginners offered by Moneta Markets and ATFX, both platforms provide a solid starting point for those new to trading. Moneta Markets offers a rich selection of educational materials, including over 10 educational pieces focused on forex and CFDs. The platform also provides a searchable archive of past webinars and features a collection of more than 10 beginner and advanced trading videos. Additionally, Moneta Markets includes an investor dictionary with more than 50 investing terms, aiding users in understanding complex concepts. These comprehensive offerings contribute to Moneta Markets' 4-star rating in education, and its #33 ranking out of 63 brokers in the Education category by ForexBrokers.com.
ATFX also delivers foundational educational resources, providing more than 10 educational pieces centered on forex and CFDs, along with an archive of recorded webinars. While it offers more than 10 beginner-focused educational videos, it lacks a wide range of advanced videos for experienced traders. Despite this, ATFX includes an investor dictionary similar to Moneta Markets. With a 3-star rating in education and a slightly higher #28 ranking in the same category, ATFX presents a solid introduction to trading without overwhelming beginners. Both platforms, lacking monthly live webinars, might rely on their video and archive resources to support new and learning traders.
| Feature |
Moneta Markets
|
ATFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Moneta Markets is better than ATFX. Moneta Markets finished with an overall rank of #35, while ATFX finished with an overall rank of #51.
Moneta Markets is a new brand under parent company Vantage Group, which offers traders the MetaTrader suite of platforms as well as a basic web and mobile app. While it does support a decent range of third-party features, Moneta Markets has lackluster research and educational offerings, and its pricing is average.
| Feature |
Moneta Markets
|
ATFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 79 | 85 |
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Both Moneta Markets and ATFX do not provide the ability to purchase actual cryptocurrency, but they do offer trading in cryptocurrency derivatives.
Moneta Markets and ATFX both support Visa/Mastercard and bank wire transfers for deposits and withdrawals, but unlike Moneta Markets, ATFX also offers Skrill as an additional option, while neither provides ACH, SEPA, or PayPal services.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Moneta Markets | ATFX | |
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| Trust Score | 79 | 85 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
| Broker Screenshots | Moneta Markets | ATFX | |
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| Regulation | Moneta Markets | ATFX | |
|---|---|---|---|
| Trust Score | 79 | 85 | |
| Year Founded | 2009 | 2017 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 4 | |
| Tier-2 Licenses | 1 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Moneta Markets | ATFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | Moneta Markets | ATFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | Moneta Markets | ATFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1016 | 150 | |
| Forex Pairs (Total) | 45 | 44 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Moneta Markets | ATFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.38 | N/A | |
| All-in Cost EUR/USD - Active | 0.79 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Moneta Markets | ATFX | |
|---|---|---|---|
| Minimum Deposit | $50 | $500 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Moneta Markets | ATFX | |
|---|---|---|---|
| Proprietary Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Moneta Markets | ATFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 4 | 7 | |
| Charting - Indicators / Studies (Total) | 105 | 30 | |
| Charting - Drawing Tools (Total) | 78 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Moneta Markets | ATFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 7 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Moneta Markets | ATFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Moneta Markets | ATFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Moneta Markets | ATFX | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Moneta Markets Review |
| Overall | Moneta Markets | ATFX | |
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| Trust Score | 79 | 85 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
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