Written by ForexBrokers.com
In this head to head comparison of HFM vs Moneta Markets, 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 online brokers HFM and Moneta Markets, it's important to consider their founding years and regulatory credentials. HFM opened its doors in 2010 and Moneta Markets in 2009. Neither of these brokers is publicly traded or functions as a bank. Looking at their trustworthiness, HFM has earned a Trust Score of 86 from ForexBrokers.com, making it a trusted choice for users. In contrast, Moneta Markets has a Trust Score of 72, placing it at an average risk level according to the same scale.
Examining their regulatory standings, HFM holds two Tier-1 licenses, which are highly trusted, and three Tier-2 licenses, marking them as trusted. Moneta Markets, on the other hand, holds one Tier-1 license and a single Tier-2 license. This regulatory backing suggests that while both are credible, HFM has an edge in regulatory trust, potentially offering more peace of mind for those concerned with security and compliance in the online trading realm.
| Feature |
HFM
|
Moneta Markets
|
|---|---|---|
| Year Founded | 2010 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 3 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing the online brokers HFM and Moneta Markets in terms of commissions and fees, several key differences emerge. HFM offers a standard trading account with spreads at around 1.2 pips, but without a defined time range, this spread could vary. Their Zero account shows an effective spread of 0.7 pips with added commission, yet this isn't an average figure. Rated with 4 stars for its commissions and fees, HFM ranks #31 out of 62 brokers according to ForexBrokers.com, indicating that its trading costs are slightly above the industry average.
Moneta Markets provides three distinct account options that significantly impact trading costs: Moneta Prime ECN, Ultra ECN, and the commission-free Direct STP account. The Direct STP account has an average spread of 1.38 pips for the EUR/USD pair as recorded in August 2023. In contrast, the Prime ECN account offers a lower average spread of 0.194 pips with an added commission of $6 per round-trip lot, leading to a total cost of roughly 0.79 pips, which is slightly below the average. The Ultra ECN account delivers even tighter spreads and a commission of $2 per round-trip, but requires a minimum deposit of $20,000.
Overall, Moneta Markets, rated 4.5 stars, demonstrates more competitive pricing and ranks #16 out of 62 brokers in the Commissions and Fees category. While Moneta Markets offers some attractive pricing options, particularly for larger accounts, it still does not surpass the most cost-effective forex brokers in the market.
| Feature |
HFM
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | 1.2 | 1.38 |
| All-in Cost EUR/USD - Active | 0.7 | 0.79 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the available investments of online brokers HFM and Moneta Markets, both offer forex trading through CFDs or spot contracts, allowing traders to tap into global currency markets. HFM provides access to 500 tradeable symbols, including 102 forex pairs, while Moneta Markets offers a wider selection with 1016 tradeable symbols and 54 forex pairs. Neither broker offers exchange-traded securities on U.S. or international exchanges, so investors looking for options to buy shares like Apple or Vodafone directly will need to look elsewhere. However, both brokers do support cryptocurrency derivatives, catering to those interested in digital asset trading.
On the investment front, both HFM and Moneta Markets offer copy trading services, allowing clients to mirror the trades of experienced investors. This can be advantageous for those who prefer a more hands-off approach. Despite Moneta Markets offering a broader range of symbols overall, both brokers receive a rating of four stars for their investment offerings. In the Range of Investments category, rated by ForexBrokers.com, HFM ranks at #36, while Moneta Markets sits slightly ahead at #35 out of 62 brokers, reflecting their evenly matched standings in this area.
| Feature |
HFM
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 500 | 1016 |
| Forex Pairs (Total) | 102 | 54 |
| 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.
HFM and Moneta Markets both offer demo accounts, allowing new traders to practice through simulated trading. HFM provides a proprietary trading platform, distinguishing it from Moneta Markets, which does not have its own platform. Both brokers offer Windows-based desktop download platforms and web-based platforms, catering to a wide range of user preferences. They also support popular MetaTrader tools, including MT4 and MT5, along with copy trading capabilities. Moneta Markets, however, takes an edge by offering ZuluTrade for those interested in this particular service, which HFM does not provide.
In terms of charting capabilities, Moneta Markets stands out by offering 78 drawing tools compared to HFM's 30. Both brokers allow trading directly from stock charts, but HFM provides more watch list customization with seven available fields versus Moneta Markets’ four. Despite their individual strengths, both brokers are rated four stars for their trading platforms and tools. However, Moneta Markets is ranked higher by ForexBrokers.com, placing at 33 out of 62 brokers, while HFM ranks at 42, offering traders important data points to consider when choosing between these platforms.
| Feature |
HFM
|
Moneta Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | 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 | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 15 | 105 |
| Charting - Drawing Tools (Total) | 30 | 78 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 4 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
HFM and Moneta Markets both offer comprehensive mobile trading apps for iPhone and Android users, featuring essential tools like stock and forex price alerts, the ability to draw trendlines, and the option to view different time frames on charts. Each app provides 30 technical studies for charting, supports real-time quote watchlists, and auto-saves drawings on charts. However, Moneta Markets stands out with its ability to seamlessly sync watchlist symbols with the client's online account, a feature absent in HFM’s app.
Regarding user ratings, both HFM and Moneta Markets have achieved a solid four-star rating for their mobile trading applications. In the broader industry context, Moneta Markets edges ahead slightly in ForexBrokers.com's rankings, securing the 35th position out of 62 brokers, while HFM is placed at 39th. These rankings reflect the overall user experience and features offered by their mobile apps, making both brokers reliable choices for mobile trading enthusiasts.
| Feature |
HFM
|
Moneta Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| 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.
Both HFM and Moneta Markets offer traders valuable insights through daily market commentary and forex news sourced from top-tier providers like Bloomberg and Reuters. Traders will find useful tools at both platforms, although each has its unique offerings. For instance, HFM provides tools from Autochartist, ideal for technical and fundamental analysis, while Moneta Markets leans on Trading Central for its technical analytics. When it comes to sentiment-based tools that highlight trader positions across various currency pairs, both brokers deliver this useful feature, helping traders gauge market mood.
Regarding additional research tools, both HFM and Moneta Markets do not offer support from companies like TipRanks or Acuity Trading. However, each platform equips investors with an economic calendar, ensuring users are well-informed about current and upcoming global economic events. Both brokers receive a solid 4-star rating for research, though they vary in their ranks, with HFM placing 20th and Moneta Markets 32nd out of 62 brokers, according to ForexBrokers.com. This ranking highlights slight differences in their research offerings, helping traders decide which may better suit their needs.
| Feature |
HFM
|
Moneta Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | 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 for beginners venturing into forex or CFD trading, both HFM and Moneta Markets deliver a comprehensive suite of materials. Each broker provides over ten educational pieces such as articles, videos, and previously recorded webinars, making it easier for beginners to grasp essential trading concepts. Specifically, HFM excels with monthly online educational webinars, giving clients regular opportunities to learn in a live setting — a feature that Moneta Markets does not offer. Furthermore, HFM hosts a searchable archive of these recorded webinars, adding a layer of accessibility for users who cannot attend the live sessions. In contrast, while Moneta Markets excels in providing quality educational videos for beginners, it lacks these additional webinar features, potentially limiting accessibility to dynamic learning sessions.
An added advantage with HFM is its investor dictionary, featuring definitions of over 50 investing terms, which acts as a valuable reference for those new to trading. Nonetheless, both platforms are aligned when it comes to providing advanced educational videos that cater to seasoned traders' needs. HFM and Moneta Markets each receive a four-star rating for their educational offerings, underscoring their dedication to client learning. Although Moneta Markets holds a slightly better rank at #33 compared to HFM's #37 ranking by ForexBrokers.com, the availability of live webinars and additional educational tools at HFM might render it a better fit for those who seek a more interactive learning experience.
| Feature |
HFM
|
Moneta Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that HFM is better than Moneta Markets. HFM finished with an overall rank of #30, while Moneta Markets finished with an overall rank of #35.
Alongside its enhanced MetaTrader offering and quality research, HFM (HF Markets), previously known as HotForex, offers a proprietary copy trading platform, HFcopy, a proprietary HF mobile app, and a decent selection of over 1,000 CFDs and 47 forex pairs. Still, trading costs at HFM are slightly above the industry average.
| Feature |
HFM
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Moneta Markets
|
|---|---|---|
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| Trust Score | 86 | 72 |
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Both HFM and Moneta Markets do not offer the ability to buy actual delivered cryptocurrency, but they do provide options for trading cryptocurrency derivatives.
Both HFM and Moneta Markets support Visa and Mastercard as well as bank wire transfers for depositing or withdrawing account funds, although HFM uniquely provides Skrill as an additional option while neither broker offers ACH, SEPA, or PayPal services.
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 | HFM | Moneta Markets | |
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| Trust Score | 86 | 72 | |
| Winner | check_circle | ||
| Review | HFM Review | Moneta Markets Review |
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| Regulation | HFM | Moneta Markets | |
|---|---|---|---|
| Trust Score | 86 | 72 | |
| Year Founded | 2010 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 3 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | HFM | Moneta Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | HFM | Moneta Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | HFM | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 500 | 1016 | |
| Forex Pairs (Total) | 102 | 54 | |
| 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 | HFM | Moneta Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 1.38 | |
| All-in Cost EUR/USD - Active | 0.7 | 0.79 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | HFM | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | HFM | Moneta Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | 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 | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | HFM | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 4 | |
| Charting - Indicators / Studies (Total) | 15 | 105 | |
| Charting - Drawing Tools (Total) | 30 | 78 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HFM | Moneta Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| 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 | HFM | Moneta Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | HFM | Moneta Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | HFM | Moneta Markets | |
|---|---|---|---|
| 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 | HFM Review | Moneta Markets Review |
| Overall | HFM | Moneta Markets | |
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| Trust Score | 86 | 72 | |
| Winner | check_circle | ||
| Review | HFM Review | Moneta Markets Review |
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