Written by ForexBrokers.com
In this head to head comparison of Moneta Markets vs Axi, 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 Axi are both well-known online brokers servicing clients worldwide, though each has its own strengths. Founded in 2009, Moneta Markets holds one Tier-1 license, which is deemed highly trusted, and one Tier-2 license, considered trusted by ForexBrokers.com. With a Trust Score of 72 out of 99, Moneta Markets is categorized under average risk. Unlike retail banks, neither Moneta Markets nor Axi is publicly traded on a stock exchange.
In comparison, Axi, established in 2007, boasts two Tier-1 licenses, confirming a higher level of trust compared to Moneta Markets. Additionally, Axi holds one Tier-2 license and achieves a higher Trust Score of 82 out of 99, placing it among brokers considered trusted. Clients seeking regulatory assurance might lean towards Axi for its stronger license portfolio and trust rating. Neither company is a bank or publicly traded, emphasizing their focus on brokerage services.
| Feature |
Moneta Markets
|
Axi
|
|---|---|---|
| Year Founded | 2009 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the online brokers Moneta Markets and Axi based on their commissions and fees, Moneta Markets offers three account options that cater to different trading needs. The Moneta Prime ECN and Ultra ECN accounts are commission-based, while the Direct STP account is commission-free. Although the STP account has no commission, it features higher spreads for forex trading compared to the Prime ECN account. On the other hand, the Ultra ECN account offers tighter spreads and a commission of $2 per round-turn lot, but requires a significant $20,000 deposit. Despite these options, Moneta Markets' pricing doesn't yet match the top forex brokers in the industry.
The spread-only Direct STP account at Moneta Markets offers an average spread of 1.38 pips for the EUR/USD pair as of August 2023. The commission-based Prime ECN account provides an average spread of 0.194 pips for the same currency pair, with an additional commission cost translating to a total cost of about 0.79 pips, which is attractive compared to many competitors. The Ultra ECN account improves on this with an even smaller commission for those able to meet its substantial deposit requirements.
In terms of overall ratings for commissions and fees, Moneta Markets scores 4.5 out of 5 stars and holds the 16th position out of 62 brokers, according to ForexBrokers.com. Meanwhile, Axi receives slightly lower marks with a 4-star rating and ranks 44th in the same list. This comparison highlights Moneta Markets' slightly competitive edge over Axi in commissions and fee structure, though both have their distinct offerings for traders.
| Feature |
Moneta Markets
|
Axi
|
|---|---|---|
| Minimum Deposit | $50 | $0 |
| 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 | Yes |
| 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 the investment options at Moneta Markets and Axi, both brokers provide opportunities for forex trading through CFDs or spot contracts. Moneta Markets stands out with a broader range of tradable assets, boasting 1,016 symbols, while Axi offers 175. This difference is reflected in their ratings, with Moneta Markets earning 4 out of 5 stars for its range, compared to Axi's 3.5 stars. In terms of forex pairs, Axi offers slightly more choices with 65 pairs, versus Moneta Markets' 54 pairs. However, neither broker provides access to exchange-traded securities on U.S. or international exchanges, meaning investors cannot purchase shares in companies like Apple or Vodafone directly.
Both brokers enable cryptocurrency trading via derivatives but do not offer the purchase of actual digital currencies. Additionally, they both support copy trading, which allows investors to replicate the trades of experienced traders. While Axi provides a robust platform suitable for many traders, Moneta Markets ranks higher overall, at #35 compared to Axi's #56 in the Range of Investments category according to ForexBrokers.com. This ranking suggests that Moneta Markets may offer a slightly broader selection of investment types for those seeking diverse trading opportunities.
| Feature |
Moneta Markets
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 175 |
| Forex Pairs (Total) | 54 | 65 |
| 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 comparing Moneta Markets and Axi for their trading platforms and tools, both brokers offer a comprehensive range of options suitable for traders. Each provides access to popular platforms like MetaTrader 4 (MT4), with Moneta Markets extending support to MetaTrader 5 (MT5) as well, which Axi does not offer. Traders looking for proprietary solutions might need to look elsewhere, as neither broker has in-house developed platforms. Both companies offer a Windows-based desktop platform and a convenient web-based trading platform accessible via browsers. Their shared features include the availability of simulated trading accounts, allowing users to practice strategies without financial risk.
For traders keen on copy trading, Moneta Markets and Axi both support this feature, with added access to ZuluTrade. Moneta Markets offers more technical charting tools with 78 drawing options, compared to Axi's 15. Additionally, Moneta Markets allows for trading directly from stock charts and provides 4 columns for watch lists, while Axi offers 7. Ranked by ForexBrokers.com, Moneta Markets stands at #33 out of 62 brokers in the Trading Platforms and Tools category with a 4-star rating, whereas Axi is positioned at #62 with a 3.5-star rating. Despite areas of overlap, Moneta Markets seems to edge ahead in tools and charting capabilities.
| Feature |
Moneta Markets
|
Axi
|
|---|---|---|
| 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 | Yes |
| 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.
When comparing the mobile trading apps of Moneta Markets and Axi, both platforms provide options for iPhone and Android users, demonstrating strong compatibility and user accessibility. The two apps offer essential features like stock or forex price alerts and the ability to draw trendlines on charts, making it easy for traders to stay informed and execute their strategies on-the-go. While both apps come equipped with 30 technical studies and support for multiple time frames, there are a few key differences that set them apart. Moneta Markets offers watchlist symbol syncing, enabling users to maintain consistency between their mobile app and online account, a feature that Axi does not provide. Additionally, Moneta Markets' app automatically saves chart drawings, ensuring that traders don't lose their technical analysis, a convenience not available in Axi's app.
Both Moneta Markets and Axi allow users to create watchlists with real-time quotes, offering immediate access to vital market information as it unfolds. However, Moneta Markets edges out Axi in terms of user satisfaction and professional recognition. Moneta Markets boasts a higher mobile trading app rating of 4 stars compared to Axi's 3.5 stars. This preference is further mirrored in their rankings from ForexBrokers.com, where Moneta Markets secures the 36th position out of 62 brokers, significantly ahead of Axi, which is ranked 59th. These distinctions reflect the slightly enhanced user experience and strategic features found in Moneta Markets' mobile platform. Whether you're an active forex trader or a stock market enthusiast, understanding these differences can help you choose the app that aligns best with your trading needs.
| Feature |
Moneta Markets
|
Axi
|
|---|---|---|
| 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 | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, Moneta Markets and Axi offer different strengths. Moneta Markets stands out with daily market commentary and access to top-tier forex news sources such as Bloomberg, Reuters, and Dow Jones. It also provides technical analysis tools from Trading Central and a sentiment-based trading tool, alongside an economic calendar for tracking global news. In contrast, Axi does not offer daily commentary but matches Moneta Markets in sharing premium forex news. Axi includes technical tools from Autochartist and a sentiment-based trading feature, with an economic calendar to keep traders informed.
Moneta Markets has earned a four-star rating for its research offerings, surpassing Axi's three-star rating. Among 62 brokers, Moneta Markets holds the 32nd place, whereas Axi is ranked 55th in the research category according to ForexBrokers.com. This comparison highlights Moneta Markets' robust provision of essential market insights, making it a preferred choice for traders focusing on comprehensive research capabilities.
| Feature |
Moneta Markets
|
Axi
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| 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 comparing the educational resources available from Moneta Markets and Axi for beginners, both brokers cater to those new to forex or CFDs by offering over 10 educational pieces like articles, videos, and archived webinars. Moneta Markets excels with a rich library of educational videos for both beginners and advanced traders, making it a suitable choice for those who want to deepen their trading knowledge over time. However, it lacks the option of monthly online client webinars and a searchable archive of past webinars, which may limit real-time interaction and learning opportunities.
Axi stands out with the provision of monthly educational client webinars, offering beginners a chance to engage interactively with learning sessions. This broker also features an investor dictionary with more than 50 investing term definitions, adding an extra layer of understanding for new investors navigating financial jargon. While Axi may miss out on offering advanced-specific educational videos, it maintains a steady focus on foundational learning. Moneta Markets is rated slightly higher for education, earning 4 stars compared to Axi's 3 stars. Nevertheless, in broader rankings, Axi positions itself at #27, slightly ahead of Moneta Markets, which sits at #33 among 62 brokers, indicating a more favorable overall educational standing.
| Feature |
Moneta Markets
|
Axi
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| 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 Axi. Moneta Markets finished with an overall rank of #35, while Axi finished with an overall rank of #49.
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
|
Axi
|
|---|---|---|
| Overall Rating |
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| Trust Score | 72 | 82 |
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Both Moneta Markets and Axi do not offer the ability to purchase actual (delivered) cryptocurrency, but they both provide the option to trade cryptocurrency derivatives.
When comparing online brokers Moneta Markets and Axi, neither offers ACH or SEPA transfers or PayPal for deposits or withdrawals, but Axi does support Skrill, and both provide options for Visa, Mastercard, and bank wire transactions.
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 | Axi | |
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| Trust Score | 72 | 82 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
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| Regulation | Moneta Markets | Axi | |
|---|---|---|---|
| Trust Score | 72 | 82 | |
| Year Founded | 2009 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 1 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Moneta Markets | Axi | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| 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 | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | Moneta Markets | Axi | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Moneta Markets | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1016 | 175 | |
| Forex Pairs (Total) | 54 | 65 | |
| 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 | Axi | |
|---|---|---|---|
| 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 | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Moneta Markets | Axi | |
|---|---|---|---|
| Minimum Deposit | $50 | $0 | |
| 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 | Axi | |
|---|---|---|---|
| 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 | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | Yes |
| Trading Tools | Moneta Markets | Axi | |
|---|---|---|---|
| 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 | Axi | |
|---|---|---|---|
| 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 | No | |
| Mobile Economic Calendar | Yes | No |
| Research | Moneta Markets | Axi | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Moneta Markets | Axi | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Moneta Markets | Axi | |
|---|---|---|---|
| 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 |
| Overall | Moneta Markets | Axi | |
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| Trust Score | 72 | 82 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
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