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, both founded in 2009, are online brokers that cater to traders seeking to invest in the financial markets. Neither company is publicly traded nor operates as a bank. When it comes to regulatory credentials, Moneta Markets holds one Tier-2 license and has a Trust Score of 71 on ForexBrokers.com, categorizing it as an average risk broker. In comparison, FXPrimus also has a Trust Score of 71, but stands out by holding one Tier-1 license, indicating a higher level of trust according to ForexBrokers.com ratings.
As traders choose between Moneta Markets and FXPrimus, understanding their regulatory standings can offer insights into the safety and reliability of each broker. While both companies are on an equal footing with a Trust Score that indicates an average level of risk, FXPrimus's possession of a Tier-1 license may offer some peace of mind for those prioritizing regulatory assurance, despite its lack of Tier-2 credentials, which Moneta Markets has secured.
| Feature |
Moneta Markets
|
FXPrimus
|
|---|---|---|
| Year Founded | 2009 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 0 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
Moneta Markets and FXPrimus offer distinct profiles when it comes to commissions and fees. Moneta Markets provides three account options: the commission-free Direct STP account and two commission-based accounts, Prime ECN and Ultra ECN. The Direct STP account, while free from commissions, has higher spreads, such as an average spread of 1.38 pips on the EUR/USD pair in August 2023. In contrast, the Prime ECN account has a lower average spread of 0.194 pips, with a $6 round-trip commission per standard lot. For traders able to deposit $20,000 or more, the Ultra ECN account offers an even lower commission of $2 round-trip.
FXPrimus, on the other hand, doesn't provide specific average spread data, making a direct comparison a bit challenging. However, it is important to note that Moneta Markets is rated 4.5 out of 5 stars for commissions and fees, placing it at 16th position among 63 brokers ranked by ForexBrokers.com. This suggests a competitive edge in fee structure compared to FXPrimus, which holds a 4-star rating and ranks 42nd in the same category.
In summary, for those focused on cost-efficiency and ranking, Moneta Markets emerges as a slightly superior option, especially with its Prime ECN account's competitive pricing. FXPrimus, although a solid choice, lacks detailed spread information that could help in comprehensive cost evaluations. Both brokers offer unique benefits, with Moneta Markets leading marginally in terms of ratings and rankings according to ForexBrokers.com.
| 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 the range of investments offered by Moneta Markets and FXPrimus, Moneta Markets stands out with a broader selection of tradeable symbols totaling 1,016, compared to FXPrimus's 140. Both brokers provide forex trading as CFDs or spot contracts, with Moneta Markets slightly ahead in forex pairs offering 45 compared to FXPrimus’s 42. Neither broker allows direct purchase of exchange-traded securities on U.S. or international exchanges. When it comes to cryptocurrency, both platforms offer derivatives but not the actual assets. Additionally, copy trading is available with both brokers, accommodating diverse trading strategies.
Moneta Markets shines with a 4-star rating and a #35 ranking for its range of investments according to ForexBrokers.com, compared to the slightly lower 3.5-star rating and #59 ranking for FXPrimus. This distinction highlights Moneta Markets as a preferred choice for traders seeking a wider array of investment opportunities. Despite these differences, both brokers cater to traders looking for CFD and derivative trading options, offering a variety of instruments to diversify investment portfolios.
| Feature |
Moneta Markets
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 140 |
| Forex Pairs (Total) | 45 | 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.
Moneta Markets and FXPrimus both provide traders with useful platforms and tools, each catering to different preferences. Both brokers offer simulated trading with free virtual demo accounts, supporting risk-free practice. While FXPrimus boasts a proprietary platform, Moneta Markets relies on third-party solutions. Traders seeking Windows-based desktop and web-based platforms will find both brokers accommodating. MetaTrader enthusiasts aren't left out either, as both offer MT4 and MT5 platforms. Moneta Markets impresses with unique tools such as DupliTrade for copy trading, whereas FXPrimus provides comprehensive trading features without proprietary copy trade tools but still supports popular platforms.
Chart enthusiasts may favor Moneta Markets, thanks to its 78 drawing tools, compared to FXPrimus's 15, potentially enhancing the charting experience. Both brokers allow trading directly from stock charts, but FXPrimus offers more columns for watch lists, providing greater detail. Ranking can also guide your choice; Moneta Markets holds a higher position in trading platforms and tools (ranked #33) compared to FXPrimus (#49) among 63 brokers, although both are equally rated with four stars. Your choice between the two may hinge on your preference for specific charting tools or proprietary platform capabilities.
| 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 | 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.
Both Moneta Markets and FXPrimus provide strong mobile trading apps for iPhone and Android, catering to traders on the go. Both platforms enable users to receive real-time stock and forex price alerts and feature the capability to implement technical studies, with each supporting 30 studies for in-depth analysis. Traders at both brokerages can draw trendlines and examine various time frames, such as daily, weekly, or intraday, on their charts. Additionally, both apps support the creation of watchlists with real-time quotes, and they automatically save any chart annotations.
Despite these similarities, Moneta Markets sets itself apart by offering watchlist symbol syncing between the mobile app and online account, enhancing the ease of managing investments across platforms. In terms of user ratings, both apps receive a solid four-star rating for their mobile trading experience. However, Moneta Markets is ranked slightly higher by ForexBrokers.com, placing 35th out of 63 brokers compared to FXPrimus, which stands at 48th. This suggests that while both platforms offer reliable mobile trading features, Moneta Markets presents a slightly more integrated and higher-ranked experience.
| 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 their market research offerings, both brokers provide daily market commentary and an economic calendar to help traders stay informed about global events. However, Moneta Markets distinguishes itself by offering forex news from top-tier sources like Bloomberg and Reuters, a feature that FXPrimus does not provide. Additionally, Moneta Markets integrates tools from Trading Central for technical analysis, whereas FXPrimus does not offer this. Furthermore, Moneta Markets includes a sentiment-based trading tool that reveals the ratio of long and short positions across various instruments, a resource not available with FXPrimus.
In terms of overall research evaluation, Moneta Markets garners a 4-star rating, eclipsing FXPrimus's 3-star rating, according to ForexBrokers.com. Moneta Markets is ranked 32nd out of 63 brokers in the Research category, significantly ahead of FXPrimus, which is positioned at 58th. While neither broker offers research from TipRanks or Acuity Trading's Signal Centre, Moneta Markets' additional offerings make it a more comprehensive choice for traders seeking in-depth market analysis.
| 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 in terms of educational resources for beginners, both platforms provide a solid foundation with at least ten educational materials focusing on forex and CFDs, such as articles, videos, and archived webinars. However, Moneta Markets stands out by offering an extensive collection of beginner and advanced educational videos tailored to both new and experienced traders. Furthermore, Moneta Markets provides an investor dictionary with over 50 investing term definitions, enhancing the learning experience for users who are new to trading concepts.
On the other hand, FXPrimus excels in providing live online educational webinars every month, which can be a valuable resource for individuals looking to engage with experts in real-time. Both platforms offer searchable archives of recorded webinars, making it convenient for learners to review past sessions. Moneta Markets receives a higher education rating of 4 out of 5 stars, ranking 33rd among 63 brokers, while FXPrimus has a rating of 3 stars and ranks 51st. Overall, Moneta Markets offers a more comprehensive array of educational tools for those starting their trading journey.
| Feature |
Moneta Markets
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
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 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 | 71 | 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 | 71 | 71 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
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| Regulation | Moneta Markets | FXPrimus | |
|---|---|---|---|
| Trust Score | 71 | 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 | 0 | 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) | No | 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) | 45 | 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 | Yes | No | |
| ZuluTrade | No | 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) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | 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 | 71 | 71 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
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