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Moneta Markets vs AxiTrader 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is Moneta Markets better than AxiTrader? In our analysis of 23 international regulators across 39 of the best forex brokers, Moneta Markets is considered average-risk, with an overall Trust Score of 71 out of 99. AxiTrader is considered average-risk, with an overall Trust Score of 83 out of 99. Learn more about Trust Score.

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Overall RatingMoneta MarketsAxiTraderIG
Overall Rating4 Stars4 Stars5 Stars
Commissions & Fees4.5 Stars4 Stars5 Stars
Offering of Investments4 Stars3.5 Stars5 Stars
Platform & Tools4 Stars3.5 Stars5 Stars
Mobile Trading4 Stars3.5 Stars5 Stars
Research4 Stars3 Stars5 Stars
Education3.5 Stars4 Stars5 Stars
Trust Score718399
Winnercheck_circle
ReviewMoneta Markets ReviewIG Review
RegulationMoneta MarketsAxiTraderIG
Trust Score718399
Year Founded200920071974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Tier-1 Licenses227
Tier-2 Licenses112
Tier-3 Licenses001
Authorised in European UnionYesNoYes
About RegulationA โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)Moneta MarketsAxiTraderIG
ASIC Authorised (Australia)YesYesYes
IIROC Authorised (Canada)NoNoNo
SFC Authorised (Hong Kong)NoNoNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)NoNoYes
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)NoYesYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)NoNoYes
Tier-2 Licenses (Average Trust)Moneta MarketsAxiTraderIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)NoNoNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)NoNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)YesNoYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)NoYesYes
Tier-3 Licenses (Low Trust)Moneta MarketsAxiTraderIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)NoNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoNoNo
FSC Authorised (Mauritius)NoNoNo
VFSC Authorised (Vanuatu)NoNoNo
InvestmentsMoneta MarketsAxiTraderIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)96517519537
Forex Pairs (Total)5465100
U.S. Stock Trading (Non CFD)NoNoYes
Int'l Stock Trading (Non CFD)NoNoYes
Social Trading / Copy TradingYesYesYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
DisclaimersNote: 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).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).
CostMoneta MarketsAxiTraderIG
Average Spread EUR/USD - Standard1.27 (September 2022)N/A0.86 (September 2022)
All-in Cost EUR/USD - Active0.77 (September 2022)N/A0.5957 (September 2022)
Active Trader or VIP DiscountsNoYesYes
Execution: Agency BrokerNoYesYes
Execution: Market MakerYesYesYes
FundingMoneta MarketsAxiTraderIG
Minimum Initial Deposit$500ยฃ250.00
PayPal (Deposit/Withdraw)NoNoYes
Skrill (Deposit/Withdraw)NoYesNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsMoneta MarketsAxiTraderIG
Proprietary PlatformNoNoYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)YesNoNo
cTraderNoNoNo
DupliTradeYesNoNo
ZuluTradeYesYesNo
Trading ToolsMoneta MarketsAxiTraderIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields4714
Charting - Indicators / Studies (Total)1023033
Charting - Drawing Tools (Total)781520
Charting - Trade From ChartYesYesYes
Charts can be savedYesYesYes
Mobile TradingMoneta MarketsAxiTraderIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingNoNoYes
Mobile Charting - Indicators / Studies303033
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveYesNoYes
Forex CalendarYesNoYes
ResearchMoneta MarketsAxiTraderIG
Daily Market CommentaryYesNoYes
Forex News (Top-Tier Sources)YesYesYes
AutochartistNoYesYes
Trading Central (Recognia)YesNoNo
Social Sentiment - Currency PairsYesYesYes
Economic CalendarYesYesYes
EducationMoneta MarketsAxiTraderIG
Has Education - Forex or CFDsYesYesYes
Client WebinarsNoYesYes
Client Webinars (Archived)NoNoYes
Videos - Beginner Trading VideosYesYesYes
Videos - Advanced Trading VideosYesNoYes
Investor Dictionary (Glossary)NoYesYes
Major Forex PairsMoneta MarketsAxiTraderIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewMoneta Markets ReviewIG Review
OverallMoneta MarketsAxiTraderIG
Overall Rating4 Stars4 Stars5 Stars
Commissions & Fees4.5 Stars4 Stars5 Stars
Offering of Investments4 Stars3.5 Stars5 Stars
Platform & Tools4 Stars3.5 Stars5 Stars
Mobile Trading4 Stars3.5 Stars5 Stars
Research4 Stars3 Stars5 Stars
Education3.5 Stars4 Stars5 Stars
Trust Score718399
Winnercheck_circle
ReviewMoneta Markets ReviewIG Review
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Moneta Markets vs AxiTrader Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Moneta Markets vs AxiTrader.

Does Moneta Markets or AxiTrader offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.

Is Moneta Markets or AxiTrader safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both Moneta Markets and AxiTrader hold 2 global Tier-1 licenses. Both Moneta Markets and AxiTrader hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, AxiTrader earned a higher Trust Score than Moneta Markets.

Which trading platform is better: Moneta Markets or AxiTrader?

To compare the trading platforms of both Moneta Markets and AxiTrader, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both Moneta Markets and AxiTrader offer MetaTrader 4 (MT4).Moneta Markets and AxiTrader both offer copy trading.

How many forex pairs and CFDs are available to trade?

AxiTrader provides traders 65 currency pairs (e.g., EUR/USD) compared to Moneta Markets's 54 available pairs. Forex pairs aside, Moneta Markets offers traders access to 965 CFDs while AxiTrader has 175 available CFDs, a difference of 790.

Can I trust Moneta Markets?

Moneta Markets is not publicly traded and does not operate a bank. Moneta Markets is authorised by one tier-1 regulators (high trust), one tier-2 regulators (average trust), and one tier-3 regulator (low trust). Moneta Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

Can I trust AxiTrader?

AxiTrader is not publicly traded and does not operate a bank. AxiTrader is authorised by two tier-1 regulators (high trust), one tier-2 regulators (average trust), and zero tier-3 regulators (low trust). AxiTrader is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

Is Moneta Markets good?

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.

Is AxiTrader good?

The Axi brand, formerly known as AxiTrader, is regulated primarily in the U.K., Australia, and the UAE. Axi is a MetaTrader-only broker, with a limited range of available markets.

Overall winner: IG

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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