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Moneta Markets vs TopFX 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of Moneta Markets vs TopFX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

Moneta Markets
4/5 Stars Overall
  • Minimum Deposit: $50
  • Trust Score: 79
  • Tradeable Symbols (Total): 1016
TopFX
3.5/5 Stars Overall
  • Minimum Deposit: Depends on payment method
  • Trust Score: 67
  • Tradeable Symbols (Total): 655

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.

Regulation

Moneta Markets and TopFX are both well-established online brokers founded in the late 2000s, with Moneta Markets being established in 2009 and TopFX following in 2010. Neither company is publicly traded or operates as a bank. Moneta Markets holds one Tier-1 and one Tier-2 license, indicating a strong regulatory framework, while TopFX holds one Tier-1 license but no Tier-2 license. These licenses point to a reliable status under the ForexBrokers.com ratings, with Moneta Markets scoring a 79, which categorizes it as having average risk, whereas TopFX scores a 67, suggesting a higher risk profile.

Feature Moneta Markets logoMoneta Markets
TopFX logoTopFX
Year Founded info 2009 2010
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 1 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

Comparing commissions and fees, Moneta Markets earns 4.5 out of 5 stars and ranks #17 out of 63 for this category at ForexBrokers.com, while TopFX scores 4 out of 5 stars and ranks #41 out of 63. Both offer a spread-only account alongside a commission-based option, but their pricing structures and entry requirements differ.

Moneta Markets: The commission-free Direct STP account averaged 1.38 pips on EUR/USD in August 2023. Its Prime ECN account averaged 0.194 pips plus a $3 per side commission ($6 round turn) per 100,000 units, for an all-in cost around 0.79 pips—slightly below the industry average. The Ultra ECN tier lowers commission to $2 per round turn ($1 per side) with tighter spreads, but requires a $20,000 deposit. Overall, pricing is competitive, though not the very lowest.

TopFX: The ZERO account is commission-free with higher average spreads of 1.03 pips on EUR/USD (July 2024). The RAW account charges 2.75 EUR per side (5.50 EUR round turn) and averaged 0.33 pips; the commission equals about 0.55 pips per round turn, bringing the all-in to roughly 0.88 pips—around the industry average. Minimum deposit depends on your payment method, and both account types are available on MetaTrader and cTrader.

Feature Moneta Markets logoMoneta Markets
TopFX logoTopFX
Minimum Deposit info $50 Depends on payment method
Average spread (EUR/USD) - Standard account info 1.38 info 1.03 info
All-in Cost EUR/USD - Active info 0.79 info 0.88 info
Non-wire bank transfer info No No
PayPal (Deposit/Withdraw) info
Skrill (Deposit/Withdraw) info
Bank Wire (Deposit/Withdraw) info

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

Moneta Markets and TopFX both let you trade forex as CFDs or spot, and each supports copy trading. Moneta Markets lists about 1,016 tradeable symbols, giving it a larger overall catalog than TopFX’s 655. That said, TopFX offers more currency pairs (around 60 versus Moneta Markets’ 45). Neither broker provides access to exchange-traded shares on U.S. or international stock exchanges, and neither lets you buy actual crypto; instead, both offer cryptocurrency CFDs.

For range of investments, ForexBrokers.com rates Moneta Markets at 4 stars and ranks it 36th out of 63 brokers, while TopFX earns 3.5 stars and ranks 47th. In short, choose Moneta Markets for a wider selection of symbols, or consider TopFX if you prioritize a larger set of forex pairs, with both delivering copy trading and crypto CFD options.

Feature Moneta Markets logoMoneta Markets
TopFX logoTopFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1016 655
Forex Pairs (Total) info 45 60
U.S. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No No
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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.

Trading platforms and tools

Moneta Markets and TopFX both cover the essentials traders look for: free demo (paper) accounts, web-based and Windows desktop platforms, and support for MetaTrader 4 (MT4). Each also offers copy trading and lets you place trades directly from charts. Neither broker has a proprietary, in-house platform, so your experience centers on MetaTrader; here, Moneta Markets pulls ahead by also offering MetaTrader 5 (MT5), while TopFX does not.

Details like the exact number of built-in technical indicators and watchlist columns aren’t provided, but independent ratings put both brokers at 4 stars for Trading Platforms and Tools. In rankings out of 63 brokers, Moneta Markets sits at #34 versus TopFX at #46, suggesting a slight edge for Moneta Markets—especially if MT5 access matters to you.

Feature Moneta Markets logoMoneta Markets
TopFX logoTopFX
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info No No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes No
Charting - Indicators / Studies (Total) info 105 30
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Moneta Markets and TopFX both deliver capable mobile trading apps for iPhone and Android. Each app includes price alerts, 30 built-in technical studies, drawing tools like trendlines, and autosaving for chart annotations—handy for tracking forex and stock prices on the go.

The main difference is watchlist syncing: Moneta Markets syncs your watchlist between the mobile app and your online account, while TopFX does not. Both earn 4 out of 5 stars for Mobile Trading Apps, but Moneta Markets ranks higher in the ForexBrokers.com list (#36 of 63) compared with TopFX (#52 of 63). If synced watchlists and a stronger category ranking matter to you, Moneta Markets has the edge; if you want similar charting tools and alerts, TopFX remains a solid pick.

Feature Moneta Markets logoMoneta Markets
TopFX logoTopFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

Moneta Markets vs TopFX for market research: Moneta Markets offers daily market commentary, while TopFX does not. Both brokers provide forex news from major sources like Bloomberg, Reuters, or Dow Jones (or similar), and both include an economic calendar. Each also features Trading Central tools and a sentiment indicator that shows the balance of long and short positions across instruments.

Key differences: TopFX adds Autochartist, which Moneta Markets does not offer. Moneta Markets does not provide TipRanks or Acuity Trading tools, and TopFX’s access to TipRanks and Acuity is not specified. In independent ratings, Moneta Markets scores 4 stars for Research and ranks #33 out of 63 brokers on ForexBrokers.com, while TopFX scores 3 stars and ranks #61. Pick Moneta Markets if daily commentary is important; consider TopFX if you want Autochartist alongside Trading Central.

Feature Moneta Markets logoMoneta Markets
TopFX logoTopFX
Daily Market Commentary (Articles) info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central info Yes Yes
Client sentiment data info Yes Yes
TipRanks info No
Acuity Trading info No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginner traders comparing education, Moneta Markets clearly offers more to learn from. It provides at least 10 beginner-friendly videos and at least 10 advanced videos covering trading topics, making it easier to build skills step by step. TopFX does not meet those video counts, so its catalog feels thinner for newcomers. Neither broker hosts monthly client webinars, so if live classes are important, you’ll need to look elsewhere.

The scores back this up: Moneta Markets earns 4 out of 5 stars for Education and ranks 33rd out of 63 brokers on ForexBrokers.com, while TopFX earns 3 out of 5 stars and ranks 62nd. If you want structured, video-led education in forex and CFDs, Moneta Markets is the stronger pick. TopFX may suit traders who only need a basic overview and plan to use outside learning resources.

Feature Moneta Markets logoMoneta Markets
TopFX logoTopFX
Webinars info No No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that Moneta Markets is better than TopFX. Moneta Markets finished with an overall rank of #35, while TopFX finished with an overall rank of #62.

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 logoMoneta Markets
TopFX logoTopFX
Overall Rating info 4/5 Stars 3.5/5 Stars
Trust Score info 79 67
Range of Investments 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 4/5 Stars 3/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 3/5 Stars

FAQs

Can you trade cryptocurrency with Moneta Markets or TopFX?

Moneta Markets and TopFX are online brokers that do not offer buying actual (delivered) cryptocurrencies, yet both support trading cryptocurrency CFDs (contracts for difference).

What funding options does each broker offer?

Online brokers Moneta Markets and TopFX both do not support ACH or SEPA transfers for deposits or withdrawals; availability of PayPal, Skrill, Visa/Mastercard, and bank wire methods is not specified.

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Overall Rating Moneta Markets TopFX
Overall Rating info 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3/5 Stars
Education 3.5/5 Stars 3/5 Stars
Trust Score info 79 67
Winner check_circle
Review Moneta Markets Review TopFX Review
Broker Screenshots Moneta Markets TopFX
Broker Gallery (click to expand) info
Moneta Markets mobile app charts. Moneta Markets client portal. Moneta Markets Featured Ideas.
TopFX MetaTrader 4 desktop trading platform TopFX MetaTrader 4 desktop trading platform charts TopFX cTrader web trading platform TopFX cTrader desktop trading platform charts TopFX cTrader desktop trading platform TopFX cTrader desktop trading platform algo trading TopFX cTrader desktop market order window
Regulation Moneta Markets TopFX
Trust Score info 79 67
Year Founded info 2009 2010
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info No info Yes info
Tier-1 Licenses info 1 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) Moneta Markets TopFX
Australia (ASIC Authorised) info No No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info No info Yes info
Tier-2 Licenses (Trusted) Moneta Markets TopFX
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA, FSRA, or SCA Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments Moneta Markets TopFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1016 655
Forex Pairs (Total) info 45 60
U.S. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No No
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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 TopFX
Average spread (EUR/USD) - Standard account info 1.38 info 1.03 info
All-in Cost EUR/USD - Active info 0.79 info 0.88 info
Inactivity Fee info No No
Order execution: Agency info No No
Order execution: Market Maker info Yes Yes
Funding Moneta Markets TopFX
Minimum Deposit info $50 Depends on payment method
PayPal (Deposit/Withdraw) info
Skrill (Deposit/Withdraw) info
Bank Wire (Deposit/Withdraw) info
Non-wire bank transfer info No No
Trading Platforms Moneta Markets TopFX
Proprietary Desktop Trading Platform info No No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes No
cTrader info No Yes
Trading Tools Moneta Markets TopFX
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 105 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading Moneta Markets TopFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research Moneta Markets TopFX
Daily Market Commentary (Articles) info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central info Yes Yes
TipRanks info No
Client sentiment data info Yes Yes
Economic Calendar info Yes Yes
Education Moneta Markets TopFX
Webinars info No No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Major Forex Pairs Moneta Markets TopFX
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review Moneta Markets Review TopFX Review
Overall Moneta Markets TopFX
Overall Rating info 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3/5 Stars
Education 3.5/5 Stars 3/5 Stars
Trust Score info 79 67
Winner check_circle
Review Moneta Markets Review TopFX Review
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