XM Group vs. Moneta Markets

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XM Group and Moneta Markets are top brokerage firms. XM Group is a trustworthy MetaTrader broker with straightforward platforms and tools. It has top-tier licenses from the ASIC, FCA, CySEC, and IFSC. XM provides access to leading educational content. It is an excellent choice for beginner investors who want to improve their trading skills and knowledge. 

Moneta Markets is a professional forex and CFD broker with access to the MetaTrader suite. It has top-tier licenses from the FCA and ASIC. Moneta Markets has professional trading tools and some educational materials. We recommend it for traders of all levels of experience. 

This article discusses the advantages and disadvantages of XM Group and Moneta Markets. 

Broker NameXM GroupMoneta Markets
Year Founded20092009
RegulationASIC, FCA, CySEC, IFSCFCA, ASIC
Tradable AssetsForex, CFDCFD, Forex
Min Deposit$5-100$200
Min Trade$0$0
PlatformsMT4, MT5MT4, MT5
DepositFree of chargeFree of charge
WithdrawalsFree of chargeFree of charge

Top findings from the XM Group vs. Moneta Markets review:  

  1. XM Group offers beginner-friendly platforms with valuable tools and tutorials. 
  1. Moneta Markets offers low-cost trading fees and professional trading tools. 
  1. Both brokers offer a virtual trading account to test their offering. 

XM Group is a good choice for new traders who want access to valuable trading information. We recommend Moneta Markets for professional investors, as it has competitive prices and professional tools. 

Level of experience  

Beginner investors choose XM Group over Moneta Markets. XM offers an impressive trading experience with beginner-friendly platforms and tools. It offers investor trading support and valuable learning tools. This broker provides access to a virtual trading account to test its services. 

Moneta Markets offers a smooth trading experience with the WebTrader app and MetaTrader suite. It has straightforward platforms with some educational materials. We recommend Moneta Markets for professional traders, as it has premium services and advanced trading videos. 

Fees 

The minimum deposit fee at XM Group ranges between $5 and $100, depending on the brokerage account you opt for. Moneta Markets has a deposit fee of $50. The average EUR/USD spread at XM is 1.6, while at Moneta Markets is 1.36. 

Assets  

XM Group has 57 forex currency pairs, while Moneta Markets offers 45 pairs. XM has 1372 CFDs, while Moneta Markets has 266 available CFDs. 

Trading platform  

XM Group doesn’t have a proprietary platform, but it offers access to the full MetaTrader suite. The MT4 and MT5 suites are highly customizable and user-friendly. XM has an excellent research and learning center with articles, charting, and trading signals. This broker offers diverse educational content, which is why it is a good fit for new investors. 

Moneta Markets has MT4, MT5, and the WebTrader App. The MetaTrader suite is versatile and has many trading and research tools. The WebTrader app is easy to learn, but it has many professional tools. We recommend Moneta Markets for traders at all levels who want to improve their trading knowledge. 

Banking services  

Banking services add up to a good online trading experience. XM offers many funding solutions, including bank wire, credit/debit cards, and Skrill. Moneta Markets has bank transfers and credit/debit cards. 

Final verdict  

XM Group and Moneta Markets are top brokerage firms with excellent trading experiences. Both brokers have advantages and disadvantages, depending on your trading skills and experience. We recommend XM Group for new traders, as it has a diverse educational center. Moneta Markets is a better fit for professionals because it offers premium trading tools. 

XM compared to other brokers:

XM review


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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