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.
HFM and Moneta Markets are both established online brokers, with HFM founded in 2010 and Moneta Markets in 2009. Neither broker is publicly traded or operates as a bank. When it comes to regulatory credentials, HFM holds an edge with two Tier-1 licenses and three Tier-2 licenses, compared to Moneta Markets, which holds no Tier-1 licenses and one Tier-2 license. Tier-1 licenses are highly regarded by ForexBrokers.com as most trustworthy, while Tier-2 licenses are seen as trusted.
The ForexBrokers.com Trust Score further underscores the differences in trust perception between these brokers. HFM boasts a Trust Score of 86, categorizing it as a trusted broker, while Moneta Markets falls into the average risk category with a score of 71. These factors make HFM a more appealing choice for those prioritizing trust and regulatory compliance in their trading experience.
| Feature |
HFM
|
Moneta Markets
|
|---|---|---|
| Year Founded | 2010 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 3 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing the commissions and fees of HFM and Moneta Markets, several key differences emerge. HFM, rated 4 stars for its commission and fee structure, typically offers spreads of 1.2 pips for its standard accounts, although this figure is not confirmed to be an average, potentially impacting the actual cost of trading. For traders opting for the Zero account, they can expect an effective spread of 0.7 pips after commission. Despite these offerings, HFM ranks 31st out of 63 brokers according to ForexBrokers.com, suggesting room for improvement in their pricing strategy.
On the other hand, Moneta Markets offers more diverse options by providing three distinct account types. The Direct STP account, which does not incur commissions, has an average spread of 1.38 pips for the EUR/USD pair as of August 2023. Meanwhile, the Prime ECN account charges a commission of $3 per side with a much lower spread of 0.194 pips, resulting in an all-in cost that is slightly below the industry average. Their Ultra ECN account offers even tighter spreads paired with a $2 round-trip commission for trades, but it requires a significant deposit of $20,000. Moneta Markets has earned a 4.5-star rating and ranks 16th among 63 brokers in the same category because of its competitive pricing.
Overall, both brokers have their unique strengths. HFM may appeal to traders seeking a more straightforward fee structure with its standard and Zero accounts. In contrast, Moneta Markets attracts those looking for lower-cost trades with multiple account options, provided they meet the more substantial deposit requirement of the Ultra ECN account. Each broker’s offering can be a good fit depending on a trader’s specific needs and strategies. As a result, Moneta Markets' higher ranking reflects its more competitive fee arrangement compared to HFM.
| 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 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| 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 available with HFM and Moneta Markets, both brokers provide forex trading options as CFDs. HFM offers a total of 500 tradeable symbols, with an impressive selection of 102 forex pairs. Moneta Markets, on the other hand, has a larger pool of 1016 tradeable symbols, though it has fewer forex pairs at 45. In both cases, neither platform allows users to trade actual exchange-traded securities on U.S. or international exchanges. However, they both equip traders with the option of participating in copy trading and accessing cryptocurrency derivatives for investment, without offering the purchase of actual cryptocurrencies.
Both HFM and Moneta Markets are rated four stars out of five for the range of investments they provide. Notably, ForexBrokers.com ranks HFM at #36 out of 63 in the Range of Investments category, just a notch below Moneta Markets, which is ranked at #35. This slight difference reflects Moneta Markets' broader selection of tradeable symbols, despite HFM having more forex pairs available for trading. Ultimately, the choice between these brokers may depend on whether a wider variety of symbols or more forex pairs better fits an investor's strategy and goals.
| 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 (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.
When considering online brokers, both HFM and Moneta Markets provide free demo accounts for simulated trading, making it easy for beginners to practice risk-free. HFM distinguishes itself with a proprietary trading platform in addition to offering MetaTrader 4 and MetaTrader 5, catering to diverse trading preferences. Meanwhile, Moneta Markets focuses on providing a wider range of drawing tools, with 78 available for charting compared to HFM's 30, and incorporates DupliTrade for those interested in copy trading, although both brokers offer the option of copy trading in general.
For those who prefer traditional setups, both HFM and Moneta Markets offer Windows-based desktop platforms and browser-based options, ensuring flexibility regardless of your device. HFM offers seven fields for watchlists, allowing for detailed tracking, while Moneta Markets offers four. Both brokers receive a solid four-star rating for their trading platforms and tools from ForexBrokers.com, reflecting their competitive offerings, with Moneta Markets slightly ahead in the rankings at #33 compared to HFM's #42 out of 63 brokers evaluated.
| Feature |
HFM
|
Moneta Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary 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 |
| DupliTrade | No | Yes |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 15 | 105 |
| Charting - Drawing Tools (Total) | 30 | 78 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 4 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both HFM and Moneta Markets provide mobile trading apps compatible with iPhone and Android devices, allowing users to engage in stock or forex trading on-the-go. These apps offer price alerts and the feature to draw trendlines on charts. Each app supports viewing multiple time frames—such as daily, weekly, or intraday—and automatically saves chart drawings, providing traders with seamless charting tools. HFM and Moneta Markets each offer 30 technical studies for in-app charting, ensuring detailed analysis is at your fingertips.
However, a notable difference is found in watchlist syncing. Moneta Markets supports watchlist symbol syncing, which allows for seamless updates between the mobile app and online account, a feature absent from HFM's offering. Both apps permit the creation of watchlists with real-time quotes, enhancing trading efficiency. In terms of user ratings, both apps earn 4 out of 5 stars for their trading capabilities. According to ForexBrokers.com rankings, Moneta Markets slightly edges out HFM, securing the 35th spot, while HFM stands at 39th among 63 brokers.
| Feature |
HFM
|
Moneta Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| 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 considering market research tools, both HFM and Moneta Markets equip traders with daily market commentary and access to forex news from elite sources like Bloomberg and Reuters. While both brokers provide an economic calendar to track major global events, they differ in their support for other research tools. HFM leverages Autochartist to enhance technical analyses, whereas Moneta Markets taps into Trading Central for technical insights, offering a distinct advantage in this area. Additionally, both brokers present sentiment-based trading tools that illustrate long and short ratios among various currency pairs.
In terms of overall research quality, HFM and Moneta Markets both earn a commendable four-out-of-five stars, showcasing their strong offerings in this domain. However, HFM slightly edges out in industry rankings, securing the 20th spot among 63 brokers, while Moneta Markets is positioned at 32nd. Despite the differences in specific tools, both brokers provide valuable resources for those keen on exploring forex markets with a wealth of insights and data.
| Feature |
HFM
|
Moneta Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When choosing a broker, education is crucial, especially for beginners. Both HFM and Moneta Markets provide ample resources. Each platform offers more than 10 educational pieces focusing primarily on forex and CFDs, making it easier for newcomers to understand these markets. For those who prefer visual learning, both brokers develop more than 10 beginner-friendly educational videos. They also cater to more experienced traders by offering advanced video content that dives deeper into trading topics. Additionally, each broker features a comprehensive investor dictionary, explaining over 50 investing terms to help demystify finance lingo for all traders.
Where HFM stands out is its regular educational webinars, offering at least one client webinar per month, which is a great way for users to learn from experts in real-time. Moneta Markets does not provide these live webinars each month, but does maintain a readily accessible archive of past webinars, similar to HFM, to help traders catch up at their convenience. Both platforms are rated four out of five stars for their educational resources. However, according to ForexBrokers.com, Moneta Markets slightly outscores HFM, ranking #33 compared to HFM's #37 in the education category among 63 brokers, potentially giving Moneta Markets a slight edge in comprehensive learning support.
| Feature |
HFM
|
Moneta Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | 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
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Moneta Markets
|
|---|---|---|
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| Trust Score | 86 | 71 |
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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.
Both HFM and Moneta Markets support Visa and Mastercard as well as bank wire transfers for depositing or withdrawing account funds, although HFM uniquely provides Skrill as an additional option while neither broker offers ACH, SEPA, or PayPal services.
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 | 71 | |
| Winner | check_circle | ||
| Review | HFM Review | Moneta Markets Review |
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| Regulation | HFM | Moneta Markets | |
|---|---|---|---|
| Trust Score | 86 | 71 | |
| 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 | 0 | |
| 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) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| 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 | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| 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 (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 | HFM | Moneta Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 1.38 | |
| All-in Cost EUR/USD - Active | 0.7 | 0.79 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | HFM | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | HFM | Moneta Markets | |
|---|---|---|---|
| Proprietary 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 | |
| DupliTrade | No | Yes | |
| ZuluTrade | No | No |
| Trading Tools | HFM | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 4 | |
| Charting - Indicators / Studies (Total) | 15 | 105 | |
| Charting - Drawing Tools (Total) | 30 | 78 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| 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 | 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 | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | HFM | Moneta Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | HFM | Moneta Markets | |
|---|---|---|---|
| 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 | HFM Review | Moneta Markets Review |
| Overall | HFM | Moneta Markets | |
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| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | HFM Review | Moneta Markets Review |
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