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Moneta Markets vs HotForex 2021

Is HotForex better than Moneta Markets? After testing 27 of the best forex brokers over five months, Moneta Markets is better than HotForex. 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


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 HotForex
Overall 3.5 4
Commissions & Fees 3.5 4
Offering of Investments 3.5 3.5
Platforms & Tools 3 3.5
Mobile Trading 3 3.5
Research 3.5 4
Education 4 3.5
Trust Score 79 83
Moneta Markets Review HotForex Review
Winner check_circle
71.37% of retail CFD accounts lose money

Regulation

Feature Moneta Markets HotForex
Trust Score 79 83
Year Founded
2009 2010
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
2 1
Tier-2 Licenses
0 3
Tier-3 Licenses
1 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses (High Trust)

Feature Moneta Markets HotForex
ASIC Authorised (Australia)
Yes No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No No
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

Investments

Feature Moneta Markets HotForex
Forex Trading
Yes Yes
CFDs (Total)
304 1044
Forex Pairs (Total)
49 47
Cryptocurrency (Physical)
No No
Cryptocurrency (CFD)
Yes Yes
Social Trading / Copy-Trading
Yes Yes

Cost

Feature Moneta Markets HotForex
Average Spread EUR/USD - Standard
1.3 (July 2020) 1.2
All-in Cost EUR/USD - Active
1.3 (July 2020) 0.8
Active Trader or VIP Discounts
No No

Funding

Feature Moneta Markets HotForex
Minimum Initial Deposit
$200.00 $50
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes No
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature Moneta Markets HotForex
Proprietary Platform
No No
Desktop Platform (Windows)
No 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
Yes No
ZuluTrade
No No

Trading Tools

Feature Moneta Markets HotForex
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
No No
Watchlists - Total Fields
3
Charting - Indicators / Studies (Total)
48 Default (MT4)
Charting - Drawing Tools (Total)
10 Default (MT4)
Charting - Trade From Chart
No Yes
Charting - Drawings Autosave
No No
Order Type - Trailing Stop
No Yes

Mobile Trading

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

Research

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

Education

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

Major Forex Pairs

Feature Moneta Markets HotForex
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 HotForex
Overall 3.5 4
Commissions & Fees 3.5 4
Offering of Investments 3.5 3.5
Platforms & Tools 3 3.5
Mobile Trading 3 3.5
Research 3.5 4
Education 4 3.5
Trust Score 79 83
Moneta Markets Review HotForex 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 HotForex vs Moneta Markets.

Does HotForex 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 HotForex 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. Moneta Markets holds 2 global Tier-1 licenses, while HotForex holds 1. HotForex holds 3 global Tier-2 licenses, while Moneta Markets holds 0. All regulators considered, HotForex has a Trust Score of 83.00, while Moneta Markets's Trust Score is 79.00.

Which trading platform is better: HotForex or Moneta Markets?
To compare the trading platforms of both HotForex and Moneta Markets, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Moneta Markets offers a better experience. With research, Moneta Markets offers superior market research. Finally, we found Moneta Markets 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. HotForex and Moneta Markets both offer copy trading. Both HotForex and Moneta Markets offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
Moneta Markets provides traders 49 currency pairs (e.g., EUR/USD) compared to HotForex's 47 available pairs. Forex pairs aside, HotForex offers traders access to 1044 CFDs while Moneta Markets has 304 available CFDs, a difference of 740.

Overall winner: Moneta Markets

Read Next: Best Forex Brokers 2021

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Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 12/14/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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