Written by ForexBrokers.com
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.
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.
Founded in 2009, Moneta Markets is an online broker that holds one Tier-1 license and one Tier-2 license, which contributes to its ForexBrokers.com Trust Score of 72 out of 99, categorizing it as having an average risk level. Despite not being publicly traded or a bank, Moneta Markets remains a trusted choice for many looking to trade online, thanks to its established presence and regulatory standing.
TopFX, introduced to the market in 2010, also holds one Tier-1 license but lacks any Tier-2 licenses. This results in a slightly lower Trust Score of 67 from ForexBrokers.com, placing it in the high-risk category. Similar to Moneta Markets, TopFX is neither publicly traded nor a bank, but it strives to provide a safe trading environment backed by its Tier-1 regulatory compliance.
| Feature |
Moneta Markets
|
TopFX
|
|---|---|---|
| Year Founded | 2009 | 2010 |
| 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 |
Moneta Markets offers a flexible structure for trading costs, depending on the chosen account type. Traders can opt for the commission-based Moneta Prime ECN and Ultra ECN accounts or the commission-free Direct STP account. The STP account is ideal for those avoiding commissions, although it involves slightly higher spreads on forex trades. The Prime ECN account, with an average EUR/USD spread of 0.194 pips and a $6 round-turn commission, offers an all-in cost of about 0.79 pips, slightly below the industry average. For those who can meet the $20,000 deposit requirement, the Ultra ECN account provides even tighter spreads with a $2 round-turn commission. Overall, Moneta Markets is a competitive choice but doesn’t yet match the top forex brokers. Moneta Markets is rated 4.5 stars and ranks #16 out of 62 brokers in ForexBrokers.com's Commissions and Fees category.
TopFX provides traders with a choice between its spread-only ZERO account and the commission-based RAW account, both accessible on MetaTrader and cTrader. The RAW account charges a commission of 2.75 EUR per side, adding up to a total round-turn cost of 5.50 EUR, with average EUR/USD spreads of 0.33 pips bringing the all-in cost to approximately 0.88 pips. This aligns with the industry average. Meanwhile, the ZERO account does away with commissions but comes with a higher average spread of 1.03 pips for the EUR/USD pair. TopFX offers competitive pricing, earning a 4-star rating and a #40 rank among 62 brokers by ForexBrokers.com for Commissions and Fees.
Both Moneta Markets and TopFX have their unique advantages and fee structures tailored to different trading strategies. Moneta Markets, with its various account options, notably receives a higher rating and ranking than TopFX, reflecting its appealing lower-cost options and tight spreads for those who can meet deposit requirements. Conversely, TopFX provides straightforward pricing that can suit traders favoring a balance between spread cost and commission-free trading.
| Feature |
Moneta Markets
|
TopFX
|
|---|---|---|
| Minimum Deposit | $50 | Depends on payment method |
| Average Spread EUR/USD - Standard | 1.38 | 1.03 |
| All-in Cost EUR/USD - Active | 0.79 | 0.88 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| 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 offered by Moneta Markets and TopFX, both brokers provide opportunities for forex trading through CFDs or spot contracts. However, Moneta Markets stands out with a more extensive offering, presenting 1,016 tradeable symbols compared to TopFX's 655. Although TopFX offers a greater selection of tradeable forex pairs—60 pairs as opposed to Moneta Markets' 54—neither broker provides the option to invest directly in exchange-traded securities on U.S. or international exchanges, such as Apple or Vodafone shares.
For traders interested in cryptocurrency derivatives, both Moneta Markets and TopFX offer similar opportunities, but neither supports purchasing actual digital currencies. In terms of additional features, both brokers enable copy trading, allowing users to mimic successful trading strategies. According to ForexBrokers.com, Moneta Markets has achieved a higher rating for its range of investments, scoring 4 out of 5 stars and ranking at #35 among 62 brokers, whereas TopFX is rated 3.5 stars and holds the #46 position in the same category.
| Feature |
Moneta Markets
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 655 |
| Forex Pairs (Total) | 54 | 60 |
| 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 it comes to comparing Moneta Markets and TopFX in terms of their trading platforms and tools, both brokers offer strong options for traders. Both platforms provide traders the flexibility of using popular MetaTrader 4, and Moneta Markets takes it a step further with access to MetaTrader 5, which TopFX does not offer. Both brokers offer Windows-based desktop platforms and web-based trading, suiting different trading preferences. For those interested in simulated trading, both Moneta Markets and TopFX provide free demo accounts, enabling users to practice risk-free. While neither broker offers a proprietary platform or DupliTrade, Moneta Markets does include ZuluTrade for copy trading enthusiasts, an option that TopFX does not offer.
In terms of charting tools, Moneta Markets stands out with 78 drawing tools compared to TopFX’s 15, although both allow trading directly from stock charts. When it comes to organizing market information, TopFX provides more extensive watch lists with seven columns, compared to Moneta Markets’ four. Despite these differences, both brokers receive a solid four-star rating for their trading platforms and tools. However, according to ForexBrokers.com, Moneta Markets has a slight edge, ranking at 33rd out of 62 brokers, while TopFX holds the 45th position. This nuanced comparison underscores the strengths of both platforms and helps traders choose based on specific needs like advanced charting and trading options.
| Feature |
Moneta Markets
|
TopFX
|
|---|---|---|
| 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 | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | Yes | 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.
Both Moneta Markets and TopFX offer mobile trading apps that are compatible with iPhone and Android devices, making them convenient for traders on the go. They both provide essential features such as stock or forex price alerts, 30 technical studies for charting, and the ability to draw trend lines or view multiple time frames on their charts. Additionally, the apps from both brokers allow users to create watchlists with real-time quotes and automatically save drawings on stock or forex charts. However, Moneta Markets stands out with its watchlist symbol syncing feature, which ensures that any changes made sync seamlessly between the mobile app and the online account, a functionality not available with TopFX.
When it comes to user satisfaction and industry recognition, both Moneta Markets and TopFX receive a solid rating of 4 out of 5 stars for their mobile trading apps. Yet, Moneta Markets holds a higher ranking from ForexBrokers.com, positioned at #36 out of 62 brokers, compared to TopFX's #51 ranking. This suggests that while both platforms offer reliable mobile trading solutions, Moneta Markets may provide an edge with certain features and overall user satisfaction in the mobile trading apps category.
| Feature |
Moneta Markets
|
TopFX
|
|---|---|---|
| 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.
Moneta Markets and TopFX both provide forex news from renowned sources like Bloomberg and Reuters, ensuring that users have access to high-quality information. However, Moneta Markets stands out with its daily market commentary, a feature that TopFX lacks. Both brokers offer powerful technical analysis and research tools through Trading Central, and they also provide sentiment-based trading tools that highlight the ratio of long to short positions on various instruments. While neither broker offers resources from TipRanks or Acuity Trading, they do deliver a comprehensive economic calendar to help traders stay updated on important global events.
When it comes to research tools from Autochartist, TopFX has the advantage, as Moneta Markets doesn't include this feature. Despite this, Moneta Markets still manages to achieve a higher research rating of four out of five stars compared to TopFX's three-star rating. This difference is reflected in their rankings, with Moneta Markets positioned at #32 and TopFX at #59 out of 62 brokers, according to ForexBrokers.com. Ultimately, Moneta Markets offers a more well-rounded research experience with additional commentary and a higher overall satisfaction rating.
| Feature |
Moneta Markets
|
TopFX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | 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 it comes to educational resources tailored for beginners, Moneta Markets stands out significantly compared to TopFX. Moneta Markets offers a comprehensive selection of over 10 educational pieces, including articles and videos focused on forex and CFDs. These materials are designed to equip beginners with essential trading knowledge. In contrast, TopFX does not meet this threshold, thereby offering limited starting resources for those new to trading.
Aside from general educational content, Moneta Markets also provides an extensive collection of beginner and advanced trading videos, aiming to cater to traders at different levels of expertise. Unfortunately, TopFX lacks such in-depth video resources for both beginners and seasoned traders. Neither broker currently offers live monthly educational webinars or searchable archives of past webinars. Overall, Moneta Markets has received a higher educational rating and ranks much better than TopFX in the education category, placing them as a more suitable choice for traders seeking robust educational support.
| Feature |
Moneta Markets
|
TopFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 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 #61.
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
|
TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 72 | 67 |
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While both Moneta Markets and TopFX provide options for trading cryptocurrency derivatives, neither offers the capability to purchase actual delivered cryptocurrencies, focusing instead on derivatives for market exposure.
Moneta Markets and TopFX both provide Visa, Mastercard, and bank wire options for account fund transactions, but TopFX distinguishes itself by also accepting PayPal and Skrill, unlike Moneta Markets, which does not offer these payment methods.
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 | TopFX | |
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| Trust Score | 72 | 67 | |
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| Review | Moneta Markets Review | TopFX Review |
| Broker Screenshots | Moneta Markets | TopFX | |
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| Regulation | Moneta Markets | TopFX | |
|---|---|---|---|
| Trust Score | 72 | 67 | |
| Year Founded | 2009 | 2010 | |
| 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 | TopFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | No | 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 | TopFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Moneta Markets | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1016 | 655 | |
| Forex Pairs (Total) | 54 | 60 | |
| 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 | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.38 | 1.03 | |
| All-in Cost EUR/USD - Active | 0.79 | 0.88 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Moneta Markets | TopFX | |
|---|---|---|---|
| Minimum Deposit | $50 | Depends on payment method | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| 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 | TopFX | |
|---|---|---|---|
| Proprietary Platform | No | 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 | No | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | Moneta Markets | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Moneta Markets | TopFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | Moneta Markets | TopFX | |
|---|---|---|---|
| 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 | TopFX Review |
| Overall | Moneta Markets | TopFX | |
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| Trust Score | 72 | 67 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | TopFX Review |
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