Written by ForexBrokers.com
In this head to head comparison of HFM vs Moneta Markets, 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.
When choosing an online broker, understanding their regulatory compliance is crucial for traders. Founded in 2010, HFM holds two highly trusted Tier-1 licenses, alongside three trusted Tier-2 licenses. Despite not being publicly traded or a bank, HFM shows a reliable reputation with a ForexBrokers.com Trust Score of 86, suggesting it is a trusted option for trading activities.
On the other hand, Moneta Markets, established a year earlier in 2009, holds one highly trusted Tier-1 license and one trusted Tier-2 license. Like HFM, it is neither publicly traded nor a bank. With a Trust Score of 79 from ForexBrokers.com, Moneta Markets is perceived as carrying an average risk level. This comparison highlights the subtle differences between the two in terms of regulation and perceived trust.
| Feature |
HFM
|
Moneta Markets
|
|---|---|---|
| Year Founded | 2010 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 3 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing commissions and fees, Moneta Markets edges out HFM on price. Moneta Markets earns 4.5 out of 5 stars and ranks #17 of 63 for Commissions and Fees, while HFM earns 4 out of 5 stars and ranks #32 of 63. Both brokers offer multiple account types, but Moneta Markets provides clearer, time-stamped pricing data that trends more competitively.
HFM’s trading costs are slightly above the industry average. The Standard account lists a “typical” spread of 1.2 pips, but no date range is provided, so the real average may be higher. HFM’s Zero account advertises an effective 0.7-pip spread after commission, yet this figure is also not presented as a verified average.
Moneta Markets structures pricing across three accounts. The commission-free Direct STP account averaged 1.38 pips on EUR/USD in August 2023. The Prime ECN account averaged 0.194 pips in August 2023 plus a $6 round-trip commission per standard lot, for an all-in cost near 0.79 pips—slightly below the industry average. For higher balances, the Ultra ECN account cuts the commission to $2 round-trip (requires a $20,000 deposit) and offers tighter spreads. Overall, Moneta Markets is competitive, though not the very cheapest among top forex brokers.
| Feature |
HFM
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | 1.2 | 1.38 |
| All-in Cost EUR/USD - Active | 0.7 | 0.79 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
HFM and Moneta Markets both offer forex trading (CFDs and/or spot), copy trading, and cryptocurrency derivatives, but neither lets you buy actual crypto or exchange-traded shares on U.S. or international stock exchanges. Moneta Markets lists more total instruments overall (about 1,016 vs. HFM’s 500), while HFM carries a larger lineup of forex pairs (102 vs. 45). In short, choose Moneta Markets if you want a bigger catalog of symbols across asset classes, or HFM if your focus is having more currency pairs to trade.
For range of investments, both brokers earn 4 out of 5 stars. According to ForexBrokers.com, Moneta Markets ranks 36th out of 63 brokers in this category, while HFM ranks 37th. That makes the two quite close, with your decision likely coming down to whether you value more total instruments (Moneta Markets) or more forex pairs (HFM).
| Feature |
HFM
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 500 | 1016 |
| Forex Pairs (Total) | 102 | 45 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | 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.
HFM and Moneta Markets both make it easy to get started with a free demo account for paper trading. Each broker offers copy trading, a web-based platform, and a Windows desktop download, plus full support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5). HFM adds a proprietary, in-house platform to its lineup, while Moneta Markets does not. Both brokers let you place trades directly from price charts, which can help streamline entries and exits.
For Trading Platforms and Tools, both HFM and Moneta Markets earn 4 out of 5 stars. In ForexBrokers.com’s category ranking, Moneta Markets sits at #34 out of 63 brokers, while HFM is #43. If you want the option of a broker-built platform alongside MT4/MT5, HFM may appeal. If you’re content with MT4/MT5 and care about a slightly higher category ranking, Moneta Markets has the edge.
| Feature |
HFM
|
Moneta Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | 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 | Yes |
| Charting - Indicators / Studies (Total) | 15 | 105 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
HFM and Moneta Markets both deliver mobile trading apps for iPhone and Android, covering core needs like price alerts, real-time quote watchlists, and capable charting. Each app includes 30 technical studies, lets you draw trendlines, and auto-saves your chart drawings—handy for picking up where you left off. That means traders can track forex and stocks on the go with similar toolsets across both brokers.
The main difference is watchlist syncing: Moneta Markets syncs watchlists between mobile and the web platform, while HFM does not. Both earn 4 out of 5 stars for mobile trading apps, but ForexBrokers.com ranks Moneta Markets slightly higher (#36 of 63) than HFM (#40 of 63). If cross-device watchlist management matters to you, Moneta Markets has the edge; otherwise, both apps offer comparable alerts, charting features, and real-time data.
| Feature |
HFM
|
Moneta Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
HFM and Moneta Markets both deliver daily market commentary, plus forex news from leading sources such as Bloomberg, Reuters, or Dow Jones. Each broker also offers a sentiment tool showing long vs. short positioning and an economic calendar to track upcoming events. Neither includes research from TipRanks or Acuity Trading. Overall, both HFM and Moneta Markets earn a 4-star Research rating.
Key differences come down to the research add-ons: HFM provides Autochartist tools, while Moneta Markets features Trading Central. In ForexBrokers.com’s Research rankings out of 63 brokers, HFM is placed #20 and Moneta Markets is #33. If you want Autochartist-driven ideas, HFM is the better fit; if you prefer Trading Central analysis, Moneta Markets may suit you.
| Feature |
HFM
|
Moneta Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Both HFM and Moneta Markets offer solid education for beginner forex and CFD traders, including at least 10 beginner-focused videos and a deeper set of advanced videos. Each earns 4 out of 5 stars for education from ForexBrokers.com, with Moneta Markets ranked slightly higher (#33 of 63) than HFM (#37 of 63). A key difference is live learning: HFM runs at least one educational client webinar each month, while Moneta Markets does not offer ongoing webinars.
Details about larger article libraries, searchable webinar archives, and investor dictionaries were not provided for either broker. If live coaching and Q&A matter to you, HFM’s monthly webinars can be a big plus. If webinars aren’t a priority, Moneta Markets’ similar video lineup and slightly better ranking may appeal. In both cases, beginners get an accessible path to learn the basics of trading forex and CFDs.
| Feature |
HFM
|
Moneta Markets
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that HFM is better than Moneta Markets. HFM finished with an overall rank of #30, while Moneta Markets finished with an overall rank of #35.
Alongside its enhanced MetaTrader offering and quality research, HFM (HF Markets), previously known as HotForex, offers a proprietary copy trading platform, HFcopy, a proprietary HF mobile app, and a decent selection of over 1,000 CFDs and 47 forex pairs. Still, trading costs at HFM are slightly above the industry average.
| Feature |
HFM
|
Moneta Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 79 |
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Both HFM and Moneta Markets do not offer the ability to buy actual delivered cryptocurrency, but they do provide options for trading cryptocurrency derivatives.
Between online brokers HFM and Moneta Markets, both lack ACH/SEPA and PayPal for deposits and withdrawals; HFM supports Skrill and bank wire transfers, while Moneta Markets offers bank wires but not Skrill, and Visa/Mastercard availability is not specified for either.
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 | HFM | Moneta Markets | |
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| Trust Score | 86 | 79 | |
| Winner | check_circle | ||
| Review | HFM Review | Moneta Markets Review |
| Broker Screenshots | HFM | Moneta Markets | |
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| Regulation | HFM | Moneta Markets | |
|---|---|---|---|
| Trust Score | 86 | 79 | |
| Year Founded | 2010 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 3 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | HFM | Moneta Markets | |
|---|---|---|---|
| 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) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | HFM | Moneta Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | HFM | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 500 | 1016 | |
| Forex Pairs (Total) | 102 | 45 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | 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 | HFM | Moneta Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 1.38 | |
| All-in Cost EUR/USD - Active | 0.7 | 0.79 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | HFM | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | HFM | Moneta Markets | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | 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 | Yes | |
| cTrader | No | No |
| Trading Tools | HFM | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 15 | 105 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HFM | Moneta Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | HFM | Moneta Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | HFM | Moneta Markets | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | HFM | Moneta Markets | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD [DELETED] | |||
| Review | HFM Review | Moneta Markets Review |
| Overall | HFM | Moneta Markets | |
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| Trust Score | 86 | 79 | |
| Winner | check_circle | ||
| Review | HFM Review | Moneta Markets Review |
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