Written by ForexBrokers.com
In this head to head comparison of Moneta Markets vs LegacyFX, 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 LegacyFX both provide online trading services, yet they differ significantly in their regulatory standing and trust scores. Moneta Markets was founded in 2009 and holds one Tier-1 license and one Tier-2 license, indicating a generally trusted status in the industry. With a ForexBrokers.com Trust Score of 79 out of 99, Moneta Markets is classified as having an average risk, according to ForexBrokers.com's ratings. Despite not being publicly traded or a bank, it has managed to secure a position as a reliable option for traders.
LegacyFX, established in 2012, has a Trust Score of 67, positioning it at a higher risk level compared to Moneta Markets. Although it also holds one Tier-1 license, it lacks any Tier-2 licenses, which may affect its perception among potential traders. Like Moneta Markets, LegacyFX is neither publicly listed nor a banking institution. For investors considering their options, these regulatory certifications and trust scores play an essential role in evaluating the relative safety of engaging with either broker.
| Feature |
Moneta Markets
|
LegacyFX
|
|---|---|---|
| Year Founded | 2009 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
For commissions and fees, Moneta Markets generally comes out ahead of LegacyFX on transparency and potential costs. Moneta Markets holds a 4.5-star rating for commissions and fees and ranks #17 out of 63 brokers, while LegacyFX earns 3.5 stars and ranks #58. Moneta Markets publishes average spreads and offers both spread-only and commission-based accounts, whereas LegacyFX’s pricing depends on the entity you use (EU or international) and it does not publish average spreads, making direct cost comparisons tougher.
Moneta Markets has three account types. The Direct STP account is spread-only, with an average EUR/USD spread of 1.38 pips (August 2023). The Prime ECN account averages 0.194 pips on EUR/USD (August 2023) plus a $3 per side commission per 100,000 units ($6 round-trip), for an all-in cost around 0.79 pips—slightly below the industry average. The Ultra ECN account lowers the commission to $2 round-trip ($1 per side) and offers tighter spreads, but it requires a $20,000 deposit. While competitive, Moneta Markets’ pricing still isn’t among the very lowest in the market.
LegacyFX’s fees vary by regulator and account tier. In the EU (CySEC), there are Silver, Gold, and Platinum accounts with minimum deposits of $500, $5,000, and $25,000, respectively; the Silver account’s minimum spread can be as high as 1.6 pips on EUR/USD, while better pricing appears at higher tiers. Internationally (Vanuatu), LegacyFX offers seven tiers from Standard ($500) up to VIP ($50,000), with service and tool access improving as you move up. Because LegacyFX does not publish average spreads, it’s harder to gauge typical trading costs, and the most competitive pricing tends to come with larger deposits.
| Feature |
Moneta Markets
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $50 | $500 |
| 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 | Yes |
| 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.
Moneta Markets and LegacyFX both support forex trading (CFD/spot) and offer copy trading, plus access to crypto derivatives; however, neither broker lets you buy real cryptocurrencies or own shares directly on U.S. or international exchanges. For breadth, Moneta Markets has the edge with 1,016 tradeable symbols and 45 forex pairs, compared to LegacyFX’s 425 symbols and 44 pairs.
These differences show up in independent evaluations: Moneta Markets is rated 4 out of 5 stars for Range of Investments and ranks 36th out of 63 brokers at ForexBrokers.com, while LegacyFX earns 3.5 out of 5 stars and ranks 49th. If you want a wider selection of instruments and slightly more forex pairs, Moneta Markets is the stronger pick; if you’re fine with a smaller lineup, LegacyFX still covers core markets with copy trading and CFD-based crypto exposure.
| Feature |
Moneta Markets
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 425 |
| Forex Pairs (Total) | 45 | 44 |
| 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 LegacyFX both offer free demo accounts, web and Windows desktop platforms, and no in-house proprietary platform. Each supports copy trading, but the lineup differs: Moneta Markets includes MetaTrader 4 and MetaTrader 5, plus DupliTrade, while LegacyFX offers MetaTrader 5 but not MT4 or DupliTrade. Neither broker connects to ZuluTrade. Both let you place trades directly from charts, which is handy for timing entries and exits.
For charting, Moneta Markets lists 78 drawing tools compared to 15 at LegacyFX, while indicator counts aren’t specified. Watchlists differ too: Moneta Markets shows 4 columns versus 7 at LegacyFX. In our Trading Platforms and Tools ratings, Moneta Markets earns 4 stars and ranks #34 of 63 brokers, while LegacyFX scores 3.5 stars and ranks #61. If you want MT4 access or DupliTrade, Moneta Markets is the better fit; if you prefer more watchlist fields, LegacyFX has an edge. Both are easy to test with a demo account.
| Feature |
Moneta Markets
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | No |
| 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.
Moneta Markets and LegacyFX both offer mobile trading apps for iPhone and Android, covering the basics for forex and stock traders on the go. In independent testing by ForexBrokers.com, Moneta Markets earns 4 stars and ranks #36 out of 63 brokers for Mobile Trading Apps, while LegacyFX scores 3.5 stars and ranks #62. That means both are capable, but Moneta Markets holds a clear edge in this category.
Feature-wise, the two apps are closely matched: each provides price alerts, real-time watchlists, 30 technical studies for charting, trendline drawing, multiple time frames, and auto-saving of chart drawings. The standout difference is watchlist syncing. Moneta Markets syncs your watchlists between the mobile app and your online account, so changes carry over across devices. LegacyFX does not offer this syncing, which can matter if you regularly switch between phone and desktop.
| Feature |
Moneta Markets
|
LegacyFX
|
|---|---|---|
| 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.
Both Moneta Markets and LegacyFX deliver daily market commentary, stream forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, and include an economic calendar. Their research tools differ: Moneta Markets integrates Trading Central and offers a sentiment tool showing long/short positioning, while LegacyFX provides Autochartist for chart pattern detection and trade ideas. Moneta does not offer Autochartist, and LegacyFX does not list Trading Central or a sentiment gauge. Moneta also does not include TipRanks or Acuity Trading; LegacyFX’s access to TipRanks or Acuity Trading is not specified.
In independent testing by ForexBrokers.com, Moneta Markets earned 4 stars for Research and ranked 33rd out of 63 brokers, while LegacyFX earned 3.5 stars and ranked 47th. If you want Trading Central insights and sentiment data, Moneta Markets is the stronger pick; if you prefer Autochartist’s pattern scanning, LegacyFX has that edge. Both brokers still cover the basics with timely news, commentary, and a helpful calendar.
| Feature |
Moneta Markets
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Moneta Markets and LegacyFX both cater to beginner traders with a collection of over ten educational resources focused on forex and CFDs, which include articles, videos, and archived webinars. However, a key distinction lies in the delivery of live educational experiences; LegacyFX provides clients with a monthly live webinar, an offering absent at Moneta Markets. Both brokers maintain searchable archives of past webinars, ensuring beginners have access to a wide range of learning materials at their convenience.
In terms of video content, Moneta Markets and LegacyFX offer extensive libraries tailored to both newcomers and more advanced traders, with over ten beginner and advanced videos each. Additionally, both brokers provide an investor dictionary featuring over 50 investing terms, supporting traders in understanding complex terminology. Despite these similarities in resources, Moneta Markets edges ahead with a slightly higher educational rating of 4 stars compared to LegacyFX's 3.5 stars, and is ranked #33 out of 63 brokers in the education category by ForexBrokers.com, while LegacyFX sits close behind at #35.
| Feature |
Moneta Markets
|
LegacyFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| 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 Moneta Markets is better than LegacyFX. Moneta Markets finished with an overall rank of #35, while LegacyFX finished with an overall rank of #63.
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
|
LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 79 | 67 |
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Both Moneta Markets and LegacyFX do not provide the option to purchase actual delivered cryptocurrency, but they do offer the capability to invest in cryptocurrency derivatives.
When comparing the online brokers Moneta Markets and LegacyFX, neither offers ACH or SEPA transfers or PayPal for depositing or withdrawing funds, while LegacyFX provides Skrill as an option, and both brokers accept Visa, Mastercard, and bank wire transfers.
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 | LegacyFX | |
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| Trust Score | 79 | 67 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | LegacyFX Review |
| Broker Screenshots | Moneta Markets | LegacyFX | |
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| Regulation | Moneta Markets | LegacyFX | |
|---|---|---|---|
| Trust Score | 79 | 67 | |
| Year Founded | 2009 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Moneta Markets | LegacyFX | |
|---|---|---|---|
| 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 | 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 | LegacyFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Moneta Markets | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1016 | 425 | |
| Forex Pairs (Total) | 45 | 44 | |
| 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 | LegacyFX | |
|---|---|---|---|
| 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 | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Moneta Markets | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $50 | $500 | |
| 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 | LegacyFX | |
|---|---|---|---|
| Proprietary Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Moneta Markets | LegacyFX | |
|---|---|---|---|
| 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 | LegacyFX | |
|---|---|---|---|
| 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 | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Moneta Markets | LegacyFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| 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 | Moneta Markets | LegacyFX | |
|---|---|---|---|
| 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 | LegacyFX Review |
| Overall | Moneta Markets | LegacyFX | |
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| Trust Score | 79 | 67 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | LegacyFX Review |
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