Written by ForexBrokers.com
In this head to head comparison of Moneta Markets vs FXPrimus, 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.
Moneta Markets and FXPrimus are both online brokers founded in 2009, offering trading services to users without being publicly traded or functioning as banks. Moneta Markets holds one Tier-1 license, which is considered highly trusted, and one Tier-2 license, regarded as trusted by ForexBrokers.com. On the other hand, FXPrimus also holds one Tier-1 license but lacks any Tier-2 licenses. Despite these differences, both brokers have similar trust ratings, with Moneta Markets scoring 72 and FXPrimus scoring 71, placing them within the average risk category as per ForexBrokers.com.
Choosing between these two brokers largely depends on personal preferences and requirements. Moneta Markets has a slight edge due to its additional Tier-2 license, potentially offering a bit more security. However, both brokers offer a viable option for traders looking for established platforms, considering their comparable Trust Scores. While their operations and licenses contribute to their overall trustworthiness, potential investors are encouraged to carefully evaluate their individual needs and conduct further research before making a decision.
| Feature |
Moneta Markets
|
FXPrimus
|
|---|---|---|
| Year Founded | 2009 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of Moneta Markets to FXPrimus, traders can find distinct differences in their cost structures and features. Moneta Markets offers three account options, each catering to varying trading needs. The commission-free Direct STP account has higher spreads, averaging 1.38 pips for the EUR/USD pair in August 2023. For those opting for lower spreads, the Prime ECN account provides an average spread of 0.194 pips, with a $3 commission per side for 100,000 units. This results in an all-in trading cost of approximately 0.79 pips, which is competitive within the industry. Moneta’s Ultra ECN account, requiring a $20,000 deposit, offers even tighter spreads with a reduced commission rate of $2 per round-trip lot. Despite these offerings, Moneta Markets’ overall pricing has room for improvement compared to leading forex brokers.
FXPrimus, on the other hand, does not provide average spread data, making direct cost comparisons challenging. Despite this, FXPrimus remains a viable option with an emphasis on transparent fees, earning a 4-star rating for commissions and fees. Ranked 42nd out of 62 brokers by ForexBrokers.com, FXPrimus trails behind Moneta Markets, which is positioned at 16th in the same category.
Overall, Moneta Markets stands out with a higher rating of 4.5 stars for commissions and fees, compared to FXPrimus’s 4 stars. Both brokers have unique advantages and cater to different trader profiles, but Moneta Markets provides a more competitive edge in trading costs for those who can meet account requirements, especially in the Ultra ECN account.
| Feature |
Moneta Markets
|
FXPrimus
|
|---|---|---|
| Minimum Deposit | $50 | $100 |
| 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.
When comparing Moneta Markets and FXPrimus for their range of investments, both platforms offer forex trading through CFDs or spot contracts, making them suitable for forex enthusiasts. However, Moneta Markets takes a lead with 1,016 tradable symbols, significantly surpassing FXPrimus, which offers 140. In terms of forex pairs, Moneta Markets again has the advantage with 54 pairs compared to the 42 available through FXPrimus. Though neither broker allows direct purchases of exchange-traded securities from U.S. or international markets, they both support copy trading, catering to users who prefer to mimic experienced traders' strategies.
For those interested in cryptocurrency derivatives, both Moneta Markets and FXPrimus provide this option, though they do not offer actual cryptocurrency purchases. In terms of ratings, Moneta Markets scores 4 out of 5 stars for its range of investments, indicating a wider variety than FXPrimus, which scores 3.5 stars. When ranked among 62 brokers, Moneta Markets comes in at #35, highlighting a better standing in the range of investments category when compared to FXPrimus, which sits at #59. These key differences can help potential investors decide which platform better suits their trading needs.
| Feature |
Moneta Markets
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 140 |
| Forex Pairs (Total) | 54 | 42 |
| 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.
Both Moneta Markets and FXPrimus offer a range of trading platforms and tools suited for different levels of traders. Moneta Markets provides simulated trading with a free virtual demo account, allowing new traders to practice without financial risk. While FXPrimus also offers a demo account, it stands out with its proprietary platform, which provides a unique trading experience not found in conventional systems. Both brokers offer MetaTrader 4 and MetaTrader 5 platforms, along with web-based and Windows-based options, catering to traders who prefer flexibility in platform choice. Moreover, both platforms support copy trading, providing additional avenues for traders to leverage experienced trading strategies.
When it comes to charting, Moneta Markets offers more drawing tools, totaling 78 compared to FXPrimus's 15. This feature, alongside Moneta's support for the popular ZuluTrade platform, offers enhanced environments for traders who rely on technical analysis and diverse community-driven strategies. Though both brokers allow trading directly from stock charts, FXPrimus presents a more extensive range of watchlist customization with seven available columns, compared to Moneta's four. Despite these differences, both Moneta Markets and FXPrimus are rated four stars for their trading platforms and tools, highlighting solid offerings. However, Moneta Markets ranks 33rd out of 62 brokers in the Trading Platforms and Tools category, compared to FXPrimus's rank of 49th, suggesting a slight edge in overall platform satisfaction for Moneta.
| Feature |
Moneta Markets
|
FXPrimus
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| 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 | No | No |
| ZuluTrade | Yes | 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.
Both Moneta Markets and FXPrimus provide comprehensive iPhone and Android apps for easy mobile trading. They each support stock and forex price alerts, enabling traders to stay on top of market movements. An interesting edge Moneta Markets holds over FXPrimus is its watchlist symbol syncing feature, which allows seamless updates between the mobile app and online account. However, when it comes to technical capabilities like charting, both brokers are on par, offering 30 technical studies, trendline drawing, and access to multiple time frames for in-depth analysis. Additionally, both platforms auto-save drawings and offer the option to create watchlists with real-time quotes.
User ratings suggest that each app is quite reliable, as both Moneta Markets and FXPrimus earn a commendable four-star rating. Despite this similar user feedback, Moneta Markets appears to have a slight edge in industry ranking, holding the 36th position out of 62 brokers for mobile trading apps compared to FXPrimus's 48th spot. For traders focused on mobile functionality, Moneta Markets offers a slightly more integrated experience, while FXPrimus provides essential features with ease.
| Feature |
Moneta Markets
|
FXPrimus
|
|---|---|---|
| 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 | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Moneta Markets and FXPrimus for market research offerings, Moneta Markets stands out by providing daily market commentary, accessible forex news from top-tier sources like Bloomberg and Reuters, and a sentiment-based trading tool. They also feature powerful analysis tools from Trading Central, enhancing their competitive edge in research capabilities. Both brokers include an economic calendar, but Moneta Markets’ diverse research offerings earn them a higher research rating of four stars. In contrast, FXPrimus, with a three-star rating, does not include high-level news sources or extensive technical analysis tools, only offering the basic essentials such as daily market commentary and an economic calendar.
Moneta Markets’ superior combination of features, including their high-quality news sources and comprehensive trading tools, reflects in their ranking as #32 out of 62 brokers by ForexBrokers.com. Meanwhile, FXPrimus ranks #58, indicating a broader gap in research functionality between the two brokers. This disparity highlights Moneta Markets as the more resourceful choice for traders seeking well-rounded research tools to navigate the trading world effectively.
| Feature |
Moneta Markets
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Moneta Markets to FXPrimus for educational resources aimed at beginners, both brokers are committed to offering a variety of materials. Both platforms provide at least 10 educational pieces focusing on forex or CFDs, which include articles, videos, and archived content. However, Moneta Markets stands out by offering over 10 beginner videos specifically designed for newcomers to the trading world, a feature that FXPrimus does not provide.
Meanwhile, FXPrimus shines with a monthly schedule of educational webinars and keeps a handy archive of these sessions for future viewing, a service not offered by Moneta Markets. Despite these differences, Moneta Markets seems to cater more to diverse learning needs, also providing advanced videos for those seeking to deepen their expertise. In terms of rankings, Moneta Markets receives 4 stars and ranks #33 in education, while FXPrimus earns 3 stars and is placed at #51 out of 62 brokers, according to ForexBrokers.com. Neither broker provides an investor dictionary, highlighting room for growth in their educational offerings. Overall, the educational strengths of each broker depend on what beginners are specifically looking for in their learning journey.
| Feature |
Moneta Markets
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Moneta Markets is better than FXPrimus. Moneta Markets finished with an overall rank of #35, while FXPrimus finished with an overall rank of #53.
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
|
FXPrimus
|
|---|---|---|
| Overall Rating |
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| Trust Score | 72 | 71 |
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Both Moneta Markets and FXPrimus do not offer the ability to buy actual delivered cryptocurrency, but they both provide options to trade cryptocurrency derivatives.
Both Moneta Markets and FXPrimus do not support ACH, SEPA, or PayPal for deposits and withdrawals, while offering Visa, Mastercard, and bank wire options, notably with FXPrimus providing an additional Skrill option which Moneta Markets does not.
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 | FXPrimus | |
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| Trust Score | 72 | 71 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
| Broker Screenshots | Moneta Markets | FXPrimus | |
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| Regulation | Moneta Markets | FXPrimus | |
|---|---|---|---|
| Trust Score | 72 | 71 | |
| Year Founded | 2009 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Moneta Markets | FXPrimus | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| 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 | No | |
| 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 | FXPrimus | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Moneta Markets | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1016 | 140 | |
| Forex Pairs (Total) | 54 | 42 | |
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Minimum Deposit | $50 | $100 | |
| 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 | FXPrimus | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| 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 | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | Moneta Markets | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Moneta Markets | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Moneta Markets | FXPrimus | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | Moneta Markets | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
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| Trust Score | 72 | 71 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
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