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HFM vs Moneta Markets 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is HFM better than Moneta Markets? In our analysis of 23 international regulators across 62 of the best forex brokers, HotForex is considered average-risk, with an overall Trust Score of 85 out of 99. Moneta Markets is considered average-risk, with an overall Trust Score of 71 out of 99. Learn more about Trust Score.

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Overall RatingHFMMoneta Markets
Overall Rating 4/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4.5/5 Stars
Offering of Investments 4/5 Stars 4/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score 85 71
Winner check_circle
Review HFM Review Moneta Markets Review
RegulationHFMMoneta Markets
Trust Score 85 71
Year Founded 2010 2009
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union Yes info Yes info
Tier-1 Licenses 1 1
Tier-2 Licenses 3 1
Tier-3 Licenses 1 0
Tier-1 Licenses (High Trust)HFMMoneta Markets
ASIC Authorised (Australia) No Yes
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes No
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)HFMMoneta Markets
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes No
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) Yes Yes
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) Yes No
Tier-3 Licenses (Low Trust)HFMMoneta Markets
SCB Authorised (Bahamas) No No
FSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) Yes No
VFSC Authorised (Vanuatu) No No
InvestmentsHFMMoneta Markets
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 3500 965
Forex Pairs (Total) 47 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 (CFD) 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).
CostHFMMoneta Markets
Average Spread EUR/USD - Standard 1.2 info 1.27 info
All-in Cost EUR/USD - Active 0.9 info 0.77 info
Active Trader or VIP Discounts No No
Execution: Agency Broker No No
Execution: Market Maker Yes Yes
FundingHFMMoneta Markets
Minimum Deposit $5 $50
PayPal (Deposit/Withdraw) No No
Skrill (Deposit/Withdraw) Yes No
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsHFMMoneta Markets
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 Yes
cTrader No No
DupliTrade No Yes
ZuluTrade No Yes
Trading Platforms Gallery (click to expand)
Trading ToolsHFMMoneta Markets
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 7 4
Charting - Indicators / Studies (Total) 15 102
Charting - Drawing Tools (Total) 30 78
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingHFMMoneta Markets
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing No 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 Yes
Forex Calendar Yes Yes
Mobile Trading Gallery (click to expand)
ResearchHFMMoneta 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
Economic Calendar Yes Yes
Research Gallery (click to expand)
EducationHFMMoneta Markets
Has 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) No No
Education Gallery (click to expand)
Major Forex PairsHFMMoneta 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
OverallHFMMoneta Markets
Overall Rating 4/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4.5/5 Stars
Offering of Investments 4/5 Stars 4/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score 85 71
Winner check_circle
Review HFM Review Moneta Markets Review
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HFM vs Moneta Markets Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare HFM vs Moneta Markets.

Does HFM or Moneta Markets offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Moneta Markets offers better pricing overall for traders.

Is HFM or Moneta Markets safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both HFM and Moneta Markets hold 1 global Tier-1 licenses. HFM holds 3 global Tier-2 licenses, while Moneta Markets holds 1. In our analysis of 23 international regulators across 50 brokers, HFM earned a higher Trust Score than Moneta Markets.

Which trading platform is better: HFM or Moneta Markets?

To compare the trading platforms of both HFM and Moneta Markets, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Moneta Markets offers a better experience. With research, HFM offers superior market research. Finally, we found Moneta Markets to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both HFM and Moneta Markets offer MetaTrader 4 (MT4).HFM and Moneta Markets both offer copy trading.

How many forex pairs and CFDs are available to trade?

Moneta Markets provides traders 54 currency pairs (e.g., EUR/USD) compared to HFM's 47 available pairs. Forex pairs aside, HFM offers traders access to 3500 CFDs while Moneta Markets has 965 available CFDs, a difference of 2535.

Can I trust HFM?

HotForex is not publicly traded and does not operate a bank. HotForex is authorised by one tier-1 regulator (high trust), three tier-2 regulators (average trust), and one tier-3 regulator (low trust). HotForex is authorised by the following tier-1 regulator: Financial Conduct Authority (FCA).

Can I trust Moneta Markets?

Moneta Markets is not publicly traded and does not operate a bank. Moneta Markets is authorised by one tier-1 regulators (high trust), one tier-2 regulators (average trust), and one tier-3 regulator (low trust). Moneta Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

Is HFM good?

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.

Is Moneta Markets good?

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.

Overall winner: HFM

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announcementPlease note:

We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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.

Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice. Please read the full Risk Disclosure.

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