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XTB vs Moneta Markets 2022

Written by BrokerNotes.co

Published April 26, 2022
Last modified August 09, 2022

Trying to decide between XTB and Moneta Markets? Weโ€™ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

XTB is better than Moneta Markets.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% 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.
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Overall Rating expand_moreexpand_less XTB Moneta Markets IG
Overall Rating 8.7 / 10 7.3 / 10 9.7 / 10
Account Type expand_moreexpand_less XTB Moneta Markets IG
Standard Account Yes Yes Yes
Mini Account Yes Yes Yes
Micro Account Yes Yes Yes
Islamic Account Yes Yes No
Copy Trading expand_moreexpand_less XTB Moneta Markets IG
Social Trading / Copy Trading Yes Yes Yes
DupliTrade No Yes No
ZuluTrade No No No
Cryptocurrency expand_moreexpand_less XTB Moneta Markets IG
Cryptocurrency (Physical) No No No
Cryptocurrency (CFD) Yes Yes Yes
Bitcoin Yes Yes Yes
ethereum Yes Yes Yes
Forex Trading expand_moreexpand_less XTB Moneta Markets IG
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Indices (Index CFDs) expand_moreexpand_less XTB Moneta Markets IG
DAX Yes Yes Yes
Dow Jones Yes Yes Yes
FTSE Yes Yes Yes
NASDAQ 100 Yes Yes Yes
Nikkei Yes Yes Yes
SP 500 Yes Yes Yes
Investments expand_moreexpand_less XTB Moneta Markets IG
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Spread Betting No No Yes
Social Trading / Copy Trading Yes Yes Yes
Metals Yes Yes Yes
Energies Yes Yes Yes
Agriculturals Yes Yes Yes
ETF No No Yes
U.S. Stocks (CFD) Yes Yes Yes
Trading Platforms expand_moreexpand_less XTB Moneta Markets IG
Apple iOS App Yes Yes Yes
Android App Yes Yes Yes
Proprietary Platform Yes No Yes
Desktop Platform (Windows) Yes Yes Yes
Web Platform Yes Yes Yes
MetaTrader 4 (MT4) Yes Yes Yes
MetaTrader 5 (MT5) No Yes No
Regulatory Licenses expand_moreexpand_less XTB Moneta Markets IG
Tier-1 Licenses 1 2 7
ASIC Authorised (Australia) No Yes Yes
IIROC Authorised (Canada) No No No
FCA Authorised (U.K.) Yes Yes Yes
SFC Authorised (Hong Kong) No No No
MAS Authorised (Singapore) No No Yes
FINMA Authorised (Switzerland) No No Yes
CFTC Registered (USA) No No Yes
Tier-2 Licenses 3 0 2
Tier-3 Licenses 1 0 1
Research, Education expand_moreexpand_less XTB Moneta Markets IG
Trading Central (Recognia) No Yes No
Forex News (Top-Tier Sources) Yes Yes Yes
Daily Market Commentary Yes Yes Yes
Autochartist No No Yes
Investor Dictionary (Glossary) No No Yes
Videos - Beginner Trading Videos Yes Yes Yes
Client Webinars (Archived) Yes No Yes
Trading Costs expand_moreexpand_less XTB Moneta Markets IG
Minimum Initial Deposit $0 $50 ยฃ250.00
Average Spread EUR/USD - Standard 0.9 (Q3 2021) 1.22 (August 2021) 0.828 (September 2021)
All-in Cost EUR/USD - Active 0.9 (Q3 2021) 0.75 (August 2021) 0.365 (May 2020)
Active Trader or VIP Discounts Yes No Yes
Bank Wire (Deposit/Withdraw) Yes Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes Yes
PayPal (Deposit/Withdraw) Yes No Yes
Trading Tools expand_moreexpand_less XTB Moneta Markets IG
Watchlists - Total Fields 8 4 14
Mobile Watchlist Yes Yes Yes
Charting - Indicators / Studies (Total) 39 48 32
Mobile Charting - Indicators / Studies 39 30 32
Trust Factors expand_moreexpand_less XTB Moneta Markets IG
Year Founded 2002 2009 1974
Publicly Traded (Listed) Yes No Yes
Bank No No Yes
Authorised in European Union Yes Yes Yes
Trust Score 95 83 99
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XTB vs Moneta Markets Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare XTB vs Moneta Markets.

Can I trust XTB?

XTB has a trust score of 95, giving it a "Highly Trusted" trust label.

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are โ€“ in most cases โ€“ operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a โ€œDo Not Trustโ€ rating.

Can I trust Moneta Markets?

Moneta Markets has a trust score of 83, giving it a "Trusted" trust label. Here's what each trust score label means:

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. Moneta Markets is ASIC Authorised (Australia) and FCA Authorised (U.K.), while XTB is FCA Authorised (U.K.). Both do not have IIROC Authorised (Canada), SFC Authorised (Hong Kong), CBI Authorised (Ireland), FSA Authorised (Japan), MAS Authorised (Singapore), FMA Authorised (New Zealand), FINMA Authorised (Switzerland) and CFTC Registered (USA)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, XTB is CySEC Authorised (Cyprus), FSCA Authorised (South Africa) and DFSA / Central Bank Authorised (UAE), while Moneta Markets is none of these. Both do not have CBRC Authorised (China), NSE Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia) and SEC Authorised (Thailand). When comparing tier-3 licenses XTB is IFSC Authorised (Belize), while Moneta Markets is none of these. Both do not have SCB Authorised (Bahamas), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands), CIMA Authorised (Cayman Islands), FSC Authorised (Mauritius) and VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

For trading platforms Moneta Markets supports a Desktop Platform (Windows) and DupliTrade, whereas XTB supports a Proprietary Platform and Desktop Platform (Windows). Both do not have cTrader and ZuluTrade

Does XTB offer MetaTrader? Does Moneta Markets offer MetaTrader?

For MetaTrader Moneta Markets provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while XTB provides MetaTrader 4 (MT4). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

How do XTB and Moneta Markets differ in terms of minimum deposit? What about average spreads and funding options?

XTB requires a minimum deposit of $0, while Moneta Markets requires a minimum deposit of $50. From our testing we found XTB offers spreads of 0.9 (Q3 2021), while Moneta Markets offers spreads of 1.22 (August 2021). Moneta Markets supports Bank Wire (Deposit/Withdraw) and Visa/Mastercard (Credit/Debit) for popular funding options, where XTB supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw).

Which brokers offers more tradeable asset classes, XTB or Moneta Markets?

Both XTB and Moneta Markets allow you to trade Forex Trading, Trading - Forex or CFDs, Social Trading / Copy Trading, Metals, Energies, Agriculturals and U.S. Stocks (CFD). Both do not have Spread Betting and ETF Looking at total tradeable symbols, XTB has 10000, compared to 266 from Moneta Markets.

Can I trade cryptocurrency with XTB or Moneta Markets?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative โ€” including spot forex contracts. In terms of trading physical cryptocurrency neither XTB nor Moneta Markets allow you to trade physical cryptocurrencies.

Who offers more research tools, XTB or Moneta Markets?

In terms of research and research tools Moneta Markets gives traders the following tools: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading. In comparison XTB has the tools listed here: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading. Both do not have Autochartist.




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