Written by ForexBrokers.com
In this head to head comparison of Moneta Markets vs Axi, 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.
Founded in 2009, Moneta Markets is an online broker known for its presence in the trading world. Despite not being publicly traded or a bank, Moneta Markets holds a single Tier-2 license, signaling a trusted status according to ForexBrokers.com. However, with a Trust Score of 71, it falls into the average risk category. The firm lacks Tier-1 licenses, which are held in higher regard, and this may affect the perception of safety for more cautious investors.
In comparison, Axi, founded in 2007, stands out with a higher level of trustworthiness. Like Moneta Markets, Axi is neither publicly traded nor a bank. However, Axi holds two Tier-1 licenses, boosting its reputation considerably. With an additional Tier-2 license and a Trust Score of 82, Axi is considered a trusted option by ForexBrokers.com, providing a more secure option for traders seeking peace of mind in their broker's credibility.
| Feature |
Moneta Markets
|
Axi
|
|---|---|---|
| Year Founded | 2009 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 0 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
Moneta Markets offers a variety of trading accounts, each with different fee structures. The Direct STP account provides a commission-free experience but features higher spreads, with an average of 1.38 pips for the EUR/USD pair in August 2023. Alternatively, the Prime ECN account offers an average spread of 0.194 pips for the same currency pair and charges a commission of $3 per side for each 100,000 units traded. This results in a combined cost of around 0.79 pips. For more experienced traders, the Ultra ECN account offers tighter spreads and a reduced commission of $1 per side, but requires a $20,000 deposit. Moneta Markets holds a 4.5-star rating for commissions and fees and is ranked 16th among 63 brokers.
On the other hand, Axi does not provide specific average spread data, making it difficult to compare directly on this metric. However, Axi is generally considered cost-effective, receiving a solid 4-star rating for its commissions and fees. In terms of ranking, Axi stands at 43rd out of 63 brokers in the Commissions and Fees category. This suggests that while Axi offers competitive rates, Moneta Markets may provide more attractive pricing options for certain account types, especially for traders who are able to meet the higher deposit requirements.
In summary, Moneta Markets offers a range of pricing structures that may benefit traders willing to engage with its fee-based accounts, while Axi provides more straightforward, albeit less transparent, cost structures. Both brokers have been positively rated, but Moneta Markets holds a slight edge in terms of industry ranking and star rating compared to Axi.
| Feature |
Moneta Markets
|
Axi
|
|---|---|---|
| Minimum Deposit | $50 | $0 |
| 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 | Yes |
| 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 Axi both cater to traders interested in forex trading, offering the service through CFDs or spot contracts. However, when considering the range of tradable assets, Moneta Markets stands out with a total of 1016 tradeable symbols, whereas Axi provides access to 175 symbols. This broader selection available through Moneta Markets is complemented by its inclusion of 45 forex pairs. Although Axi slightly surpasses Moneta Markets in the number of forex pairs with a total of 65, the larger overall array offered by Moneta Markets presents a more diverse trading experience. Both platforms support trading in cryptocurrency derivatives but do not cater to the purchase of actual cryptocurrencies or provide exchange traded securities for U.S. or international markets.
For investors keen on exploring copy trading, both Moneta Markets and Axi provide this feature, enhancing their appeal to traders looking to mirror the strategies of others. Despite these similarities, Moneta Markets receives a higher rating for its range of investments with 4 stars compared to Axi's 3.5 stars. This distinction is further reflected in their rankings on ForexBrokers.com, where Moneta Markets is positioned at 35th out of 63 brokers, while Axi falls lower at 56th. This comparison highlights Moneta Markets as the more versatile choice, particularly for those looking to diversify across a wider set of investment options.
| Feature |
Moneta Markets
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 175 |
| Forex Pairs (Total) | 45 | 65 |
| 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.
Moneta Markets and Axi both offer a range of trading platforms and tools, catering to diverse trading needs. Both brokers provide access to Windows-based desktop platforms and web-based trading platforms, ensuring traders can choose their preferred method of access. They also offer MetaTrader 4 (MT4), a popular choice among traders, but Moneta Markets extends its offerings with MetaTrader 5 (MT5), which Axi does not. In terms of copy trading, both platforms excel, although Moneta Markets includes DupliTrade, offering an additional option for traders, while Axi incorporates ZuluTrade.
When analyzing the charting capabilities, Moneta Markets shines with 78 drawing tools, substantially more than Axi's 15, which enhances its technical analysis functionality. Both brokers allow trading directly from stock charts, adding convenience for the trader. In terms of watch list customization, Axi offers more flexibility with 7 fields compared to Moneta Markets' 4. Overall, Moneta Markets receives a higher rating of 4 out of 5 stars for their platforms and tools, ranking at #33 out of 63 brokers, whereas Axi, with a rating of 3.5 stars, ranks at #63, reflecting Moneta's stronger offering in this category.
| Feature |
Moneta Markets
|
Axi
|
|---|---|---|
| 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 | No |
| DupliTrade | Yes | No |
| ZuluTrade | No | Yes |
| 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 it comes to mobile trading apps, both Moneta Markets and Axi offer apps for iPhone and Android users, providing access to essential stock and forex trading features. Both platforms allow clients to receive price alerts, manage real-time quotes in customizable watchlists, and draw trendlines on charts. Additionally, traders can view different time frames on their charts and have access to 30 technical studies, enhancing their chart analysis capabilities. However, Moneta Markets surpasses Axi with its ability to sync watchlist symbols across devices, ensuring a seamless experience between mobile and online platforms, while Axi lacks this feature.
In terms of auto-saving capabilities, Moneta Markets retains chart drawings efficiently, unlike Axi, where such features are absent. Users have expressed their preference for Moneta Markets, awarding it a 4-star rating compared to Axi's 3.5 stars. ForexBrokers.com ranks Moneta Markets at #35 out of 63 brokers in the Mobile Trading Apps category, reflecting its stronger position over Axi, which is ranked at #59. This implies that Moneta Markets is generally perceived as offering a more comprehensive mobile trading experience.
| Feature |
Moneta Markets
|
Axi
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of Moneta Markets and Axi, several distinctions emerge. Moneta Markets prides itself on delivering daily market commentary, a feature they offer but Axi does not. Both platforms provide access to forex news from esteemed sources like Bloomberg and Reuters; however, their approaches to technical analysis resources differ. Moneta Markets partners with Trading Central, while Axi offers tools from Autochartist. Additionally, both brokers supply sentiment-based trading tools and keep traders informed with economic calendars, although neither provides insights from TipRanks or Acuity Trading.
The evaluation of these two brokers by ForexBrokers.com reveals further nuances. Moneta Markets earns a higher research rating with four out of five stars, positioned at #32 out of 63 brokers, while Axi holds three stars and ranks at #55. While Axi may excel in specific technical tools, Moneta Markets stands out with its broader market commentary and higher overall research rating, making it a more favored choice for those seeking comprehensive market insights.
| Feature |
Moneta Markets
|
Axi
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When exploring the educational resources offered by online brokers Moneta Markets and Axi for beginners, both present a comprehensive set of tools and materials. Moneta Markets provides a wide array of forex and CFDs education including over ten articles, videos, and archived webinars. Beginners can also tap into over ten trading videos specifically designed for new traders, and access an extensive archive of past client webinars to learn at their own pace. They also offer an investor dictionary with over 50 investing terms to help demystify the jargon. Although Moneta Markets does not conduct monthly educational webinars, it provides a solid foundation for newcomers interested in enhancing their trading skills. Its educational offerings earn it a commendable 4-star rating, ranking 33rd among 63 brokers evaluated by ForexBrokers.com.
Axi also incorporates a range of learning resources, featuring over ten educational pieces related to forex and CFDs and more than ten beginner-focused trading videos. Unlike Moneta Markets, Axi holds monthly educational webinars to keep clients engaged and up-to-date. However, it lacks a searchable archive of these sessions, which might be limiting for those who prefer flexible learning schedules. While Axi provides an investor dictionary similar to Moneta Markets, they do not offer an extensive collection of advanced videos aimed at experienced traders. With a 3-star rating for education, Axi is ranked slightly higher at 27th out of the 63 brokers evaluated by ForexBrokers.com, making it a competitive choice for traders starting their educational journey.
| Feature |
Moneta Markets
|
Axi
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | No |
| 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 Axi. Moneta Markets finished with an overall rank of #35, while Axi finished with an overall rank of #49.
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
|
Axi
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 82 |
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Both Moneta Markets and Axi do not offer the ability to purchase actual (delivered) cryptocurrency, but they both provide the option to trade cryptocurrency derivatives.
When comparing online brokers Moneta Markets and Axi, neither offers ACH or SEPA transfers or PayPal for deposits or withdrawals, but Axi does support Skrill, and both provide options for Visa, Mastercard, and bank wire transactions.
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 | Axi | |
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| Trust Score | 71 | 82 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
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| Regulation | Moneta Markets | Axi | |
|---|---|---|---|
| Trust Score | 71 | 82 | |
| Year Founded | 2009 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 0 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Moneta Markets | Axi | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | Moneta Markets | Axi | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Moneta Markets | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1016 | 175 | |
| Forex Pairs (Total) | 45 | 65 | |
| 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 | Axi | |
|---|---|---|---|
| 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 | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Moneta Markets | Axi | |
|---|---|---|---|
| Minimum Deposit | $50 | $0 | |
| 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 | Axi | |
|---|---|---|---|
| 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 | No | |
| cTrader | No | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Moneta Markets | Axi | |
|---|---|---|---|
| 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 | Axi | |
|---|---|---|---|
| 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 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | Moneta Markets | Axi | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Moneta Markets | Axi | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Moneta Markets | Axi | |
|---|---|---|---|
| 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 | Axi | |
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| Trust Score | 71 | 82 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
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