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.
Moneta Markets and Xtrade both offer online brokerage services but have distinct profiles when it comes to their regulatory standings and trust assessments. Founded in 2009, Moneta Markets boasts a single Tier-1 and a Tier-2 license, reflecting a level of regulatory oversight that ForexBrokers.com considers highly trusted and trusted, respectively. However, with a Trust Score of 72 out of 99, Moneta Markets is ranked as average risk according to ForexBrokers.com. Despite this, they remain a secure choice for investors seeking regulated trading environments.
Xtrade, on the other hand, has been around since 2003 and holds the same regulatory licenses as Moneta Markets with one Tier-1 and one Tier-2 license. Xtrade surpasses Moneta Markets slightly with a Trust Score of 74, positioning it as an average-risk broker as well. Neither Moneta Markets nor Xtrade is publicly traded or operates as a bank, ensuring a focus on delivering specialized trading services. This comparison highlights their similar regulatory frameworks, though Xtrade holds a marginal edge in trust ratings.
| Feature |
Moneta Markets
|
Xtrade
|
|---|---|---|
| Year Founded | 2009 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing Moneta Markets and Xtrade for their commissions and fees, Moneta Markets offers three account options: commission-based Prime ECN and Ultra ECN accounts, as well as a commission-free Direct STP account. The Direct STP account, while free of commissions, typically has higher spreads, averaging 1.38 pips for the EUR/USD pair in August 2023. On the other hand, the Prime ECN account delivers a more competitive spread of 0.194 pips, with a $6 round-trip commission, resulting in an overall cost of about 0.79 pips. The Ultra ECN account provides tighter spreads with only a $2 round-trip commission, although it requires a $20,000 deposit. Despite these offers, Moneta Markets' pricing is not the most competitive in the forex market.
In contrast, Xtrade does not provide specific data on average spreads, making direct comparisons challenging. Moneta Markets is rated 4.5 stars out of 5 for its cost structure, positioning it at #16 among 62 brokers according to ForexBrokers.com. Meanwhile, Xtrade trails with a rating of 2.5 stars, placing it at the bottom, ranked #62. This significant difference highlights Moneta Markets as a more favorable choice for traders focused on competitive pricing.
| 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 online brokers provide opportunities for forex trading through CFDs and spot contracts. However, they differ significantly in their overall range of tradeable symbols. Moneta Markets offers an impressive 1,016 tradeable symbols, surpassing Xtrade's offering of 482 symbols. Despite this, Xtrade slightly edges out Moneta Markets with 56 tradeable forex pairs compared to Moneta's 54 pairs. Notably, neither broker offers direct trading in exchange-traded securities on U.S. or international exchanges, and both provide the option to trade cryptocurrency derivatives instead of actual cryptocurrencies.
Moneta Markets stands out with the availability of copy trading, a feature not offered by Xtrade, which could appeal to those interested in mirroring the trades of successful investors. In terms of ratings for investment range, Moneta Markets enjoys a slight advantage with 4 stars, while Xtrade is rated 3.5 stars. According to ForexBrokers.com, Moneta Markets is ranked 35th among 62 brokers for investment range, well ahead of Xtrade, which holds the 49th spot. This comparison highlights Moneta Markets as a more versatile option for traders seeking a wider range of investments.
| Feature |
Moneta Markets
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 482 |
| Forex Pairs (Total) | 54 | 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.
Moneta Markets and Xtrade both provide traders with simulated trading experiences via free virtual demo accounts, catering to those looking to hone their skills without financial risk. When it comes to platform diversity, Moneta Markets impresses with its offerings of both MetaTrader 4 and MetaTrader 5, whereas Xtrade doesn't support either. Both brokers provide web-based trading platforms, but Moneta Markets goes a step further with the availability of a Windows-based desktop platform, offering more flexibility to its users. Traders interested in social trading might find Moneta Markets more appealing due to its copy trading services, including ZuluTrade support, while Xtrade lacks these features.
Regarding charting tools, Xtrade slightly edges out Moneta Markets by providing 100 drawing tools, compared to Moneta's 78. However, Moneta Markets facilitates trading directly from the chart, matching Xtrade's feature. For those who rely heavily on watch lists, Xtrade might be more appealing with its nine columns compared to Moneta Markets' four. Ultimately, Moneta Markets scores a four-star rating for its trading platforms and tools, ranking #33 out of 62 brokers evaluated by ForexBrokers.com, a clear lead over Xtrade's 3.5-star rating and #58 ranking.
| 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 | No | No |
| ZuluTrade | Yes | 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.
Moneta Markets and Xtrade both provide iPhone and Android apps for their users. However, Moneta Markets offers a more feature-rich experience with real-time stock and forex price alerts, while Xtrade lacks this capability. Watchlist syncing is another key difference—Moneta Markets supports seamless synchronizing of watchlists between the mobile app and a client’s online account, while Xtrade does not. Additionally, Moneta Markets allows users to apply 30 different technical studies on its mobile charting, unlike Xtrade which does not disclose this capability.
For charting, Moneta Markets provides advanced features like drawing trendlines, viewing multiple time frames, and automatically saving drawings, whereas Xtrade does not support these functions. Moneta Markets users can also create watchlists with real-time quotes, an option not available with Xtrade. Both brokers are similarly rated with four stars for their mobile trading apps; however, Moneta Markets ranks higher at #36 compared to Xtrade’s #53 rank among 62 brokers, according to ForexBrokers.com.
| 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 exploring market research capabilities, both Moneta Markets and Xtrade offer daily market commentary and deliver forex news from prominent sources like Bloomberg and Reuters. However, their offerings diverge significantly when it comes to specialized tools and analytics. Moneta Markets boasts a relationship with Trading Central, providing advanced tools for technical analysis, a feature Xtrade does not offer. Additionally, Moneta Markets includes a sentiment-based trading tool, allowing users to gauge long or short positions across various instruments, another advantage not present with Xtrade. Both brokers supply economic calendars to track global economic events, ensuring traders stay informed of upcoming news.
In terms of overall research ratings, Moneta Markets receives a slightly higher score of 4 stars compared to Xtrade's 3.5 stars. Among 62 brokers evaluated by ForexBrokers.com, Moneta Markets secures the 32nd spot for research, while Xtrade is positioned at 52nd. These rankings reflect Moneta Markets' edge in offering a wider array of research tools that cater to different trading strategies, enhancing its appeal to traders seeking comprehensive analysis and insights in the financial markets.
| 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 it comes to educational resources for beginners, Moneta Markets and Xtrade both provide foundational materials in forex and CFDs, with each offering a minimum of 10 educational pieces like articles and videos. However, Moneta Markets distinguishes itself by offering more beginner-friendly content, including at least 10 educational videos specifically designed for newcomers to trading. Although neither broker provides client webinars or archives of these events, Moneta Markets' focus on beginner resources explains its higher education rating of 4 stars, compared to Xtrade's 3.5 stars.
Xtrade slightly lags behind Moneta Markets in terms of accessible beginner content, though it offers an investor dictionary with definitions of over 50 investing terms, filling a gap that Moneta Markets does not cover. However, Xtrade does not provide as extensive a catalog of beginner or advanced educational videos. This difference plays a role in Moneta Markets being ranked #33 in educational resources by ForexBrokers.com, while Xtrade is positioned at #46 out of 62 brokers. For beginners prioritizing video tutorials specifically designed for traders with less experience, Moneta Markets may offer a more beneficial learning setup.
| Feature |
Moneta Markets
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| 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 | Yes |
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 Xtrade. Moneta Markets finished with an overall rank of #35, while Xtrade finished with an overall rank of #59.
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 | 72 | 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 | 72 | 74 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | Xtrade Review |
| Broker Screenshots | Moneta Markets | Xtrade | |
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| Regulation | Moneta Markets | Xtrade | |
|---|---|---|---|
| Trust Score | 72 | 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 | 1 | 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) | 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 | 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) | 54 | 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 | No | No | |
| ZuluTrade | Yes | 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) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | 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 | 72 | 74 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review | Xtrade Review |
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