Global Broker Regulation Inquiry App
About WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
اردو
XTRADE , MONETA MARKETS Broker Comparison
Do you want to know which is the better broker between XTRADE and MONETA MARKETS ?
In the table below, you can compare the features of XTRADE , MONETA MARKETS side by side to determine the best fit for your needs.
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
2 / 3 forex brokers comparison in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Est. Date
Regulatory License
MT4
MT5
Crypto
Deposit/Withdrawal Methods
Trading Env.
Trading Environment Rating
Execution Speed
Trading Speed Rating
Average Execution Speed
Minimum Execution Latency
Minimum Open Latency
Minimum Close Latency
Maximum Execution Latency
Maximum Open Latency
Maximum Close Latency
Slippage
Slippage Rating
Average Slippage
Max Slippage
Maximum Positive Slippage
Maximum Negative Slippage
Trading Cost
Trading Cost Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Swap
Swap Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Disconnection Instances
Disconnection Rating
Avg. Disconnection Frequency (/day)
Avg. Reconnection Time
Account Info
Accounts
Account Name
Trading Instruments
Minimum Deposit
Maximum Leverage
Typical Spread
Stop-Out Level
Spread Types
Minimum Trade Size
Crypto
Lock Position
Scalping
EA Trading
1.78
Not Regulated
Under guarantee
5-10 years
ASIC,CYSEC,FSCA
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
VIP,Premium,Platinum,Standard
--
$25,000
--
--
0.00
Fixed
--
--
7.11
Regulated
Under guarantee
5-10 years
FCA,FSCA,FSA
Unionpay,Fasapay,Credit Card,BTC,USDT,Wire transfer
AA
A
389.6
93
207
93
1547
1500
1547
A
EURUSD: -0.3
XAUUSD: 0.9
8
--
8
AA
9.29 USD/Lot
15.04 USD/Lot
AA
Long: -6.92
Short: 3.13
Long: -86.02
Short: 28.2
AA
0.2
58
PRIME ECN,ULTRA ECN,DIRECT STP
44 FX Pairs | 16 Indices, 19 Commodities | 700+ Share CFDs 50+ ETFs 7 Bonds
$50
1:1000
from 0.0
50.00
--
0.01
--
XTRADE 、 MONETA MARKETS BrokerRelated News
XTRADE 、 MONETA MARKETS BrokerRelevant Exposures
Which broker is more reliable?
To evaluate a broker's reliability and trustworthiness, consider the following four factors:
1.Forex broker introduction。
2.Do xtrade and moneta-markets have lower transaction costs?
3.Which broker is safer?
4.Which broker offers the best trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Forex broker introduction
xtrade
| XtradeReview Summary | |
| Founded | 2022-07-18 |
| Registered Country/Region | Belize |
| Regulation | Exceeded(FSC)/Revoked(ASIC)/Suspicious Clone(CYSEC) |
| Market Instruments | CFDs, Indices, Commodities, Shares, Forex, ETFs, Bonds, and more |
| Demo Account | ✅ |
| Leverage | Up to 1:400 |
| Spread | From 2 pips |
| Trading Platform | Xtrade(Web/Mobile/Tablet) |
| Min Deposit | $250(Standard account: $200) |
| Customer Support（24/7） | Email: info@xtrade-dm.net/support@xtrade-dm.net |
| Tel: +852 58080622 | |
| Fax: +61(2)99292055(Australia)/+44(0)2081049401(UK) | |
| Social Media: Facebook, Twitter, LinkedIn, Instagram, YouTube | |
Xtrade Information
Xtrade is an experienced online broker specializing in helping investors build diversified investment portfolios. Through Xtrade, investors can access multiple markets including CFDs, Indices, Commodities, Shares, Forex, ETFs, Bonds, and moreon the Xtradetrading platform. Xtrade also provides demo accounts and 4 live accounts with leverage starting from 1:400 on Forex, and this broker says it offers 24/7 customer support. However, Xtrade still has risks due to some comments about its high trading spread.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:400 | Exceeded(FSC)/Revoked(ASIC)/Suspicious Clone(CYSEC) |
| Demo account available | Some negative Comments |
| 24/7 customer support | Spreads from 2 pips |
| Various tradable instruments | MT4/MT5 available |
| accessible office website | |
| First deposit bonus up to $5000 |
Is Xtrade Legit?
It is relatively safe for investors to conduct financial activities in regulated entities. The regulatory information of this broker is as follows:
| Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number | Current Status |
 | FSC | Xtrade International Ltd. | Common Financial Service License | IFSC/60/383/TS/15 | Exceeded |
 | ASIC | Xtrade International Ltd | Market Making(MM) | 343628 | Revoked |
 | CYSEC | Merba Limited | Market Making(MM) | 108/10 | Suspicious Clone |
What Can I Trade on Xtrade?
Traders can choose different investment directions because the broker provides traders with access toForex, CFDs, Indices, Commodities, Shares, ETFs, Bonds, and more.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Shares | ✔ |
| ETFs | ✔ |
| Bonds | ✔ |
Account Type
Xtrade offers four account types. Traders who own more deposits can choose a VIP account, while those with a small budget can open a Standard account. If you are in between, you can choose the Premium account or the Platinum account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.
| Account Type | Standard | Premium | Platinum | Vip |
| Minimum Deposit | $200 | $1000 | $5000 | $25000 |
| Minimum spread(EURUSD) | 5 pips | 3 pips | 3 pips | 2 pips |
| Commission Free Deposits | ✔ | ✔ | ✔ | ✔ |
| Demo account | ✔ | ✔ | ✔ | ✔ |
Xtrade Fees
The spread is from 2 pips. The spread is more than 1pips, which is relatively high and the liquidity is relatively poor.
Leverage
The maximum leverage is 1:400 meaning that profits and losses are magnified as well as gains.
Trading Platform
Xtrade provides a Proprietary platform available for web, mobile, and print versions. Traders can choose the method that suits them to access and conduct trading-related activities.
| Trading Platform | Supported | Available Devices | Suitable for |
| Xtrade APP | ✔ | Web, Mobile, Tablet | All traders |
Deposit and Withdrawal
The minimum amount to deposit is 250 USD. Xtrade accepts credit/debit cards, bank transfers, American Express, and more options for deposits and withdrawals.
Withdrawal requests take up to five business days to process. Third-party withdrawal payment methods (i.e. credit card company, wire transfer bank, or intermediary bank delays) In extreme cases, delays of 3 weeks
Bonus
Xtrade offers a first deposit bonus of up to $5000, a 100% bonus.
moneta-markets
| Moneta MarketsReview Summary | |
| Founded | 2012-07-18 |
| Registered Country/Region | United Kingdom |
| Regulation | FCA in the United Kingdom |
| Market Instruments | Forex, Indices, Commodities, Share CFDs, ETFS |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | From 0.0 pips |
| Trading Platform | Mobile: MetaTrader 5, MetaTrader 4, AppTraderWeb: PRO Trader |
| Min Deposit | $50 |
| Customer Support(24/5) | Email: support@monetamarkets.com |
| Phone: +44(113)3204819(U.K), +61 2 8330 1233(International) | |
| Live Chat | |
| Facebook, Instagram, Twitter, YouTube, LinkedIn | |
Moneta Markets Information
Moneta Markets is a CFD broker that provides 1000+ of the most liquid currencies, indices, commodities, share CFDs, ETFs and more with PRIME ECN spreads from 0.0 pips! Traders can also access MetaTrader 5, MetaTrader 4, AppTrader, and PRO Trader platforms through Moneta Markets. The broker also provides a demo account.
Pros and Cons
| Pros | Cons |
| Spread as low as 0.0 pips | / |
| Leverage up to 1:1000 | |
| MT4/MT5 available | |
| Demo and Islamic account available | |
| 50% deposit bonus | |
| 24/5 customer support |
Is Moneta Markets Legit?
Moneta Markets is primarily regulated by the UKs Financial Conduct Authority (FCA), with regulatory number: 613381. The FCA is globally renowned for its rigorous regulation and robust investor protection. It mandates that brokers must implement client fund segregation, regularly submit financial reports, and undergo annual audits. In the event that a regulated broker becomes insolvent, investors can receive compensation of up to £85,000 through the Financial Services Compensation Scheme (FSCS), applicable to all global clients.
What Can I Trade on Moneta Markets?
Moneta Markets offers 1000+ market instruments, including 44 FX Pairs, 16 Indices, 19 Commodities, 700+ Share CFDs, 30+ Crypto CFDs, 50+ ETFs, and 7 Bonds.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Currencies | ✔ |
| Share CFDs | ✔ |
| ETFs | ✔ |
| Bonds |
Account Type
Moneta Markets has three live account types: Direct STP, Prime ECN, and Ultra ECN. Traders who want low spreads and deposits can choose a Prime ECN account, while those with a sufficient budget can open an Ultra ECN account.
In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only. Muslims are allowed to open Islamic accounts without swaps.
| Account Type | Direct STP | Prime ECN | Ultra ECN |
| Platform | PRO Trader, MetaTrader 4, MetaTrader 5, AppTrader | ||
| Range of Markets | 44 FX Pairs, 16 Indices, 19 Commodities, 700+ Share CFDs, 30+ Crypto CFDs, 50+ ETFs,7 Bonds | ||
| Minimum Deposit | $50 | $50 | $20,000 |
| Minimum Volume | 0.01 Lot | 0.01 Lot | 0.01 Lot |
| Leverage | Up to 1:1000 | Up to 1:1000 | Up to 1:1000 |
| Spreads from | 1.2 Pips | 0.0 Pips | 0.0 Pips |
| Commission | $0 | $3 per lot per side | $1 per lot per side |
| Islamic account | YES | YES | YES |
| Suitable for | Beginners | Scalpers and EAs | Professional traders andmoney managers |
| Stop out | 50% | 50% | 50% |
| Hedging | YES | YES | YES |
Moneta Markets Fees
The spread starts from 0.0 pips, the commission is from 0, and the swap is as low as zero. The lower the spread, the faster the liquidity.
Leverage
The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.
Trading Platform
Traders can conduct financial activities in MT4, MT5, AppTrader, and PRO Trader. Both MT4 and MT5 provide various trading strategies and implement EA systems. Moneta Markets offers trading platforms for mobile and web versions.
Copy trading is also available, a way for inexperienced traders or followers who dont have the time to do extensive research or want to diversify their portfolio to copy the trades of experienced traders (also known as money managers or copy trading gurus).
| Trading Platform | Supported | Available Devices | Suitable for |
| MetaTrader 5 | ✔ | Mobile | Professional traders |
| MetaTrader 4 | ✔ | Mobile | Junior traders |
| AppTrader | ✔ | Mobile | All traders |
| PRO Trader | ✔ | Web | All traders |
Deposit and Withdrawal
The first deposit amount must be $50 or above. Moneta Markets accepts International EFT, Credit/Debit Cards (Visa and MasterCard), FasaPay, JCB, Sticpay, and more for deposit. Withdrawal will be processed within 1-3 business days.
Bonus
Traders who deposit $500 or more into their real account will receive a 50% bonus.
Do xtrade and moneta-markets have lower transaction costs?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive xtrade and moneta-markets are, we first considered common fees for standard accounts. On xtrade, the average spread for the EUR/USD currency pair is -- pips, while on moneta-markets the spread is from 0.0.
Which broker between xtrade, moneta-markets is safer?
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
xtrade is regulated by ASIC,CYSEC,FSCA. moneta-markets is regulated by FCA,FSCA,FSA.
Which broker between xtrade, moneta-markets provides better trading platform?
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
xtrade provides the VIP,Premium,Platinum,Standard platform with products like --; moneta-markets offers the PRIME ECN,ULTRA ECN,DIRECT STP platform featuring assets including 44 FX Pairs | 16 Indices, 19 Commodities | 700+ Share CFDs 50+ ETFs 7 Bonds.
