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Moneta Markets vs HYCM 2021

Is HYCM better than Moneta Markets? In our analysis of 23 international regulators across 50 brokers, HYCM is considered average-risk, with an overall Trust Score of 84 out of 99. Moneta Markets is considered average-risk, with an overall Trust Score of 79 out of 99. Learn more about Trust Score.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature Moneta Markets HYCM
Overall 3.5 3.5
Commissions & Fees 3.5 3.5
Offering of Investments 3.5 3
Platforms & Tools 3 3.5
Mobile Trading 3 3.5
Research 3.5 3.5
Education 4 3.5
Trust Score 79 84
Moneta Markets Review HYCM Review
72% of retail CFD accounts lose money

Regulation

Feature Moneta Markets HYCM
Trust Score 79 84
Year Founded
2009 1977
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
2 2
Tier-2 Licenses
0 2
Tier-3 Licenses
1 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses (High Trust)

Feature Moneta Markets HYCM
ASIC Authorised (Australia)
Yes No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No Yes
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No No

Tier-2 Licenses (Average Trust)

Feature Moneta Markets HYCM
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
No Yes
CBI Authorised (Ireland)
No No
ISA Authorised (Israel)
No No
FMA Authorised (New Zealand)
No No
CBR Authorised (Russia)
No No
FSCA Authorised (South Africa)
No No
SEC Authorised (Thailand)
No No

Tier-3 Licenses (Low Trust)

Feature Moneta Markets HYCM
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands)
No No
FSC Authorised (Mauritius)
No No

Investments

Feature Moneta Markets HYCM
Forex Trading
Yes Yes
CFD Trading
Yes Yes
Tradeable Symbols (Total)
266 245
Forex Pairs (Total)
45 71
US Stock Trading (Non CFD)
No No
Int'l Stock Trading (Non CFD)
No Yes
Cryptocurrency (Physical)
No No
Cryptocurrency (CFD)
Yes Yes
Social Trading / Copy-Trading
Yes No

Cost

Feature Moneta Markets HYCM
Average Spread EUR/USD - Standard
1.36 (August 2021) 2
All-in Cost EUR/USD - Active
0.86 (August 2021) 1.1
Active Trader or VIP Discounts
No Yes
Execution: Agency Broker
No Yes
Execution: Market Maker
Yes Yes

Funding

Feature Moneta Markets HYCM
Minimum Deposit
$50.00 $100
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
No Yes

Trading Platforms

Feature Moneta Markets HYCM
Proprietary Platform
No No
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes No
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
Yes Yes
cTrader
No No
DupliTrade
Yes No
ZuluTrade
No No

Trading Tools

Feature Moneta Markets HYCM
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
4 MetaTrader (Default)
Charting - Indicators / Studies (Total)
48 MetaTrader (Default)
Charting - Drawing Tools (Total)
10 MetaTrader (Default)
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
No No
Order Type - Trailing Stop
No Yes

Mobile Trading

Feature Moneta Markets HYCM
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
No No
Charting - Indicators / Studies
MetaTrader (Default) (Default MT4)
Charting - Draw Trendlines
Yes Yes
Charting - Trendlines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes Yes
Forex Calendar
Yes Yes

Research

Feature Moneta Markets HYCM
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
No Yes
Autochartist
No No
Trading Central (Recognia)
Yes Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes Yes

Education

Feature Moneta Markets HYCM
Has Education - Forex or CFDs
No No
Client Webinars
No Yes
Client Webinars (Archived)
No Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes No
Investor Dictionary (Glossary)
No Yes

Major Forex Pairs

Feature Moneta Markets HYCM
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

Overall

Feature Moneta Markets HYCM
Overall 3.5 3.5
Commissions & Fees 3.5 3.5
Offering of Investments 3.5 3
Platforms & Tools 3 3.5
Mobile Trading 3 3.5
Research 3.5 3.5
Education 4 3.5
Trust Score 79 84
Moneta Markets Review HYCM Review

Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare HYCM vs Moneta Markets.

Does HYCM or Moneta Markets 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, Moneta Markets offers better pricing overall for traders.

Is HYCM or Moneta Markets safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. Both HYCM and Moneta Markets hold 2 global Tier-1 licenses. HYCM holds 2 global Tier-2 licenses, while Moneta Markets holds 0. In our analysis of 23 international regulators across 50 brokers, HYCM earned a higher Trust Score than Moneta Markets.

Which trading platform is better: HYCM or Moneta Markets?
To compare the trading platforms of both HYCM and Moneta Markets, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, HYCM offers a better experience. With research, Moneta Markets offers superior market research. Finally, we found HYCM 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. While Moneta Markets offers copy trading, HYCM does not. Both HYCM and Moneta Markets offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
HYCM provides traders 71 currency pairs (e.g., EUR/USD) compared to Moneta Markets's 45 available pairs. Forex pairs aside, Moneta Markets offers traders access to 266 CFDs while HYCM has 245 available CFDs, a difference of 21.

Can I trust HYCM ?
HYCM is not publicly traded and does operate a bank. HYCM is authorised by two tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). HYCM is authorised by the following tier-1 regulators: Securities Futures Commission (SFC) and Financial Conduct Authority (FCA).

Can I trust Moneta Markets?
Moneta Markets is not publicly traded and does not operate a bank. Moneta Markets is authorised by two tier-1 regulators (high trust), zero 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).

Is HYCM good?
While its storied history is impressive, when it comes to trading forex and CFDs across its global brands, HYCM fails to impress. Effective spreads are high across all account options, and research and education are sub-par when compared to industry leaders.

Is Moneta Markets good?
As a new standalone brand within Vantage Group, Moneta Markets struggles to compete with the industry average in the core categories that are most important to forex and CFD traders

Overall winner: Moneta Markets

Read Next: Best Forex Brokers 2021


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