Written by ForexBrokers.com
In this head to head comparison of Moneta Markets vs Xtrade, 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.
When comparing Moneta Markets and Xtrade, it's clear that both online brokers have been around for quite some time, with Xtrade established in 2003 and Moneta Markets in 2009. Neither company is publicly traded or a bank, which may influence certain investor perspectives. In terms of regulatory standing, Moneta Markets holds one Tier-2 license, reflecting a respected level of trust according to ForexBrokers.com. However, it lacks a Tier-1 license, which is considered the most solid regulatory approval.
On the other hand, Xtrade, with its one Tier-1 license, suggests a higher level of regulatory trust. ForexBrokers.com Trust Score gives Moneta Markets a rating of 71, indicating an average risk, while Xtrade scores slightly higher at 74, also categorized under average risk but edging closer to being trusted. This analysis helps potential investors and traders understand the varying degrees of trust and regulation associated with these two brokers, highlighting Xtrade’s slight edge in regulatory assurance.
| Feature |
Moneta Markets
|
Xtrade
|
|---|---|---|
| Year Founded | 2009 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 0 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
Moneta Markets offers a variety of account options that impact the trading costs you experience. It has two commission-based options—the Prime ECN and Ultra ECN accounts—and a commission-free Direct STP account. The Direct STP account spares you any commission fees, but with higher spreads, notably averaging 1.38 pips for the EUR/USD pair in August 2023. Commission-based options offer more competitive costs, with the Prime ECN account having an average spread of 0.194 pips for EUR/USD and a $6 round-turn commission per standard lot, which brings the total cost to around 0.79 pips. Further, the Ultra ECN account offers even tighter spreads and a reduced commission of $2 per round-trip lot, though it requires a significant $20,000 deposit. Moneta Markets has a 4.5-star rating for commissions and fees and ranks 16th out of 63 brokers according to ForexBrokers.com.
As for Xtrade, detailed data on average spreads is not available, making it less transparent regarding its trading costs. This lack of specific fee information can make it challenging for traders to gauge potential expenses accurately before committing. As a result, Xtrade has a lower rating of 2.5 stars for its commissions and fees. It stands at the bottom of ForexBrokers.com’s list, ranking 63rd out of 63 brokers in this category.
| Feature |
Moneta Markets
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $50 | $250 |
| 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 | No |
| 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.
When comparing Moneta Markets and Xtrade, both platforms allow users to trade forex as CFDs. However, Moneta Markets offers a significantly greater variety of tradeable symbols, boasting 1,016 compared to Xtrade's 482. In terms of forex pairs, Xtrade edges ahead slightly with 56 pairs, whereas Moneta Markets provides 45. Unfortunately, neither broker permits clients to purchase exchange-traded securities on U.S. or international exchanges directly. Despite this, both platforms enable trading of cryptocurrency derivatives, but neither offers the purchase of actual cryptocurrencies.
Moneta Markets offers copy trading to its clients, a feature not available with Xtrade. This, combined with its broader range of tradeable symbols, contributes to its higher rating of 4 stars for Range of Investments, compared to Xtrade's 3.5 stars. According to ForexBrokers.com, Moneta Markets ranks 35th out of 63 brokers in this category, clearly outperforming Xtrade, which sits at the 49th position. The diverse offerings of Moneta Markets make it a more attractive choice for investors seeking a wide range of investment options.
| Feature |
Moneta Markets
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 482 |
| Forex Pairs (Total) | 45 | 56 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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 comparing Moneta Markets and Xtrade for their trading platforms, both brokers offer simulated trading with free virtual demo accounts, making it easy for users to practice without risk. However, Moneta Markets relies on established platforms like MetaTrader 4 and 5, while Xtrade has developed its own proprietary platform. This can be a key factor for traders who prefer custom-built tools over standard solutions. Additionally, Moneta Markets offers a Windows-based desktop trading platform, which Xtrade does not, but both brokers provide web-based platforms for easy accessibility. Furthermore, while Moneta Markets supports copy trading through DupliTrade, Xtrade lacks this feature, potentially affecting traders who look to mirror experienced investors.
Regarding charting tools, Moneta Markets excels with 78 drawing tools compared to Xtrade’s 100, yet Moneta Markets allows direct trading from stock charts, aligning with Xtrade on this capability. Watch list customization also varies, with Moneta Markets providing 4 columns versus Xtrade’s 9, offering more personalized tracking for stocks. Lastly, in terms of ratings, Moneta Markets scores a commendable four stars for its trading platforms and tools, ranking 33rd out of 63 brokers according to ForexBrokers.com. Meanwhile, Xtrade ranks lower at 58th with a 3.5-star rating, reflecting the broader range of options and features available with Moneta Markets.
| Feature |
Moneta Markets
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | Yes | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 105 | N/A |
| Charting - Drawing Tools (Total) | 78 | 100 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 4 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
For traders seeking a mobile app with a comprehensive suite of features, Moneta Markets distinguishes itself from Xtrade in several key areas. Both brokers offer mobile apps compatible with iPhone and Android systems, but Moneta Markets provides stock or forex price alerts, which Xtrade does not. Moneta Markets enhances the user experience through watchlist symbol syncing, ensuring changes made either on the mobile app or online account synchronize seamlessly, a feature absent in Xtrade's offering. Moneta Markets also boasts 30 technical studies for charting, allowing traders to utilize sophisticated analysis tools directly in the app, while Xtrade does not offer details on technical studies.
Charting capabilities are robust with Moneta Markets, which allows users to draw trendlines and view multiple time frames on both stock and forex charts. These chart enhancements are coupled with auto-saving features, meaning traders can reflect on historical data effortlessly. In contrast, Xtrade lacks these features, making it less versatile for in-depth chart analysis. Moneta Markets also lets you create a watchlist with real-time quotes, a capability Xtrade's app does not provide. Although both platforms are rated four stars for their mobile trading apps, Moneta Markets ranks higher at #35 compared to Xtrade's #53, indicating a more favorable reception within the trading community.
| Feature |
Moneta Markets
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of Moneta Markets and Xtrade, both platforms provide valuable daily market commentary and deliver forex news sourced from top-tier outlets like Bloomberg and Reuters. However, the differences become more apparent in terms of the tools they offer. Moneta Markets provides technical analysis tools from Trading Central, offering traders enhanced insights, whereas Xtrade does not. Additionally, Moneta Markets includes a sentiment-based trading tool, informing traders about market trends with a straightforward view of long and short positions across various instruments, a feature Xtrade lacks. Both brokers provide an economic calendar, helping traders stay updated on global news events.
In terms of market research quality, Moneta Markets receives a commendable 4-star rating, positioning it as a strong choice for insightful analysis, while Xtrade is rated at 3.5 stars. Moneta Markets also stands out in rankings by ForexBrokers.com, holding the 32nd spot out of 63 brokers in the research category, significantly ahead of Xtrade, which is ranked at 52nd. While both platforms offer competent research features, Moneta Markets presents a more comprehensive suite of tools and insights, making it a more attractive option for traders interested in detailed market analysis.
| Feature |
Moneta Markets
|
Xtrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Moneta Markets and Xtrade for educational resources tailored to beginners, both online brokers provide a solid range of educational materials centered on forex and CFDs, each offering over 10 resources including articles, videos, and archived webinars. However, Moneta Markets distinguishes itself with a searchable archive of recorded webinars, allowing users to revisit past sessions at their convenience—a feature Xtrade does not offer. Furthermore, Moneta Markets excels in providing over 10 beginner-focused educational videos, specifically designed to help newcomers understand trading concepts. Xtrade lacks this depth in beginner video resources, which can be a limitation for those just starting their trading journey.
Moving towards advanced education, Moneta Markets continues to maintain an edge by offering a series of videos targeted at more experienced traders, a category in which Xtrade falls short. Both platforms, however, do feature an investor dictionary with definitions for more than 50 investment terms, catering to traders who want to familiarize themselves with industry jargon. Overall, Moneta Markets receives a higher education rating of 4 stars compared to Xtrade's 3.5 stars. Moneta Markets is ranked #33 among 63 brokers in the Education category by ForexBrokers.com, whereas Xtrade is positioned at #46, reflecting Moneta Markets’ slightly superior educational offerings.
| Feature |
Moneta Markets
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| 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 Xtrade. Moneta Markets finished with an overall rank of #35, while Xtrade finished with an overall rank of #60.
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
|
Xtrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 74 |
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Both Moneta Markets and Xtrade do not provide the option to purchase actual (delivered) cryptocurrencies, but they do offer the ability to trade cryptocurrency derivatives.
While both Moneta Markets and Xtrade do not support ACH, SEPA, or PayPal transactions, and both offer Visa, Mastercard, and bank wire options for deposits and withdrawals, Xtrade distinguishes itself by providing Skrill as an additional payment method, which Moneta Markets does not offer.
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 | Xtrade | |
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| Trust Score | 71 | 74 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | Xtrade Review |
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| Regulation | Moneta Markets | Xtrade | |
|---|---|---|---|
| Trust Score | 71 | 74 | |
| Year Founded | 2009 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 0 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Moneta Markets | Xtrade | |
|---|---|---|---|
| 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) | 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 | Xtrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Moneta Markets | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1016 | 482 | |
| Forex Pairs (Total) | 45 | 56 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Xtrade | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Moneta Markets | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $50 | $250 | |
| 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 | Xtrade | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Moneta Markets | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 4 | 9 | |
| Charting - Indicators / Studies (Total) | 105 | N/A | |
| Charting - Drawing Tools (Total) | 78 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Moneta Markets | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | Moneta Markets | Xtrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Moneta Markets | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Moneta Markets | Xtrade | |
|---|---|---|---|
| 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 | Xtrade Review |
| Overall | Moneta Markets | Xtrade | |
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| Trust Score | 71 | 74 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | Xtrade Review |
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