Moneta Markets vs XTrade Comparison
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of Moneta Markets and XTrade
| Broker | Moneta Markets | XTrade |
|---|---|---|
| Rating | 4.4/5 | 3.3/5 |
| Foundation Year | 2020 | 2003 |
| Regulated in Countries | South Africa, Seychelles | Belize |
| Minimum Deposit |
|
|
| Spread | from 0 points | from 1 points |
| Max Leverage | 1:1000 | 1:400 |
| Trading Assets (CFDs) |
|
|
| Trading Platforms |
|
|
| Review | Moneta Markets Review | XTrade Review |
Moneta Markets is suitable for active traders and investors who value low spreads, a wide variety of instruments, and modern platforms with copy-trading functionality.
Xtrade is suitable for traders who value a simple interface, bonus programs, and access to education and analytics.
Moneta Markets Review
Moneta Markets is a modern broker offering a full range of Forex and CFD services. It facilitates both self-directed trading and copy-trading investments.
Traders benefit from multiple account types featuring low spreads, permitted scalping, and fast execution. This stable technical platform is bolstered by regular analytics, valuable services, and swift withdrawals.
Pros and Cons of Moneta Markets
Pros
- Wide selection of instruments.
- Modern trading platforms.
- High order execution speed.
- Attractive ECN account conditions.
Cons
- A deposit of at least $500 is required to access the educational course and advanced analytical tools.
XTrade Review
Xtrade offers a wide range of deposit and withdrawal methods, an extensive range of markets and trading products, and a variety of analytical tools. The broker is equipped with an extensive training center, which makes it attractive for novice traders who want to expand their knowledge and improve their trading skills. Responsive and feature-rich customer support enhances the usability of the broker's services.
Xtrade is suitable for novice traders, thanks to its accessible educational resources and wide range of trading products. However, potential clients should pay special attention to regulatory issues and trading costs before deciding to start working with this broker.
Pros and Cons of XTrade
Pros
- Wide range of deposit and withdrawal methods.
- Extensive selection of markets and products for trading.
- Diversity of analytical tools.
- Comprehensive educational center with various materials.
- Responsive and multifunctional technical support.
Cons
- Weak regulation may raise concerns about the security of client funds.
- Limited variety of accounts and services offered.
- Wide spreads, which can increase trading costs.
- Long processing time for withdrawal requests.
- Lack of alternatives to the offered trading platform, limiting traders' choices.
Reliability
| Broker | Moneta Markets | XTrade |
|---|---|---|
| Reliability | 4/5 | 3.2/5 |
| Foundation Year | 2020 | 2003 |
| Regulated in Countries | South Africa, Seychelles | Belize |
| Regulators | FSCA FSCA SFSA SFSA - | - BFSC BFSC |
Moneta Markets
Moneta Markets has moderate reliability due to regulation by FSCA (South Africa) and FSA (Seychelles). The company is trustworthy, but the lack of top-tier licenses reduces the guarantees.
Pros
- Segregated accounts
- Negative balance protection
- Good Tier-1 liquidity
Cons
- No top-tier licenses (EU, ASIC)
XTrade
The reliability of Xtrade International Ltd is questionable due to the lack of licenses from strict regulators, despite having a license from the Belize FSC.
Pros
- Segregated client accounts.
- Investor compensation fund.
Cons
- Lack of licenses from strict regulators.
Account Opening
| Broker | Moneta Markets | XTrade |
|---|---|---|
| Account Opening | 5/5 | 4/5 |
| Minimum Deposit |
|
|
Moneta Markets
The registration and account opening process at Moneta Markets is quick, intuitive, and fully online. Even beginners will find it suitable thanks to the low entry threshold and straightforward verification requirements.
Pros
- Simple online registration
- Fast verification
- Minimum deposit of only $50
XTrade
Account opening at Xtrade is fairly standard and transparent.
Pros
- Free and fast account opening.
- Clear verification instructions.
Cons
- High minimum deposit.
- Verification can be lengthy.
Account Types
| Broker | Moneta Markets | XTrade |
|---|---|---|
| Account Types | 4.5/5 | 2.3/5 |
| Trading Accounts |
|
|
| Minimum Deposit |
|
|
| Spread | from 0 points | from 1 points |
| Max Leverage | 1:1000 | 1:400 |
| Trading Assets (CFDs) |
|
|
| Trading Platforms |
|
|
| Demo Account | ||
| Swap-free Account |
Moneta Markets
Moneta Markets offers a variety of trading accounts with favorable conditions for traders at different levels.
Pros
- ECN and STP accounts
- Copy-trading available
- VPS support
Cons
- No cent accounts
XTrade
Xtrade offers a variety of accounts, but does not satisfy the needs of all categories of traders.
Pros
- Four types of accounts for different traders.
- Reduced spreads for Premium and VIP accounts.
Cons
- Absence of cent and Islamic accounts.
- No accounts with fixed spreads.
- Lack of copy trading service.
Commissions
| Broker | Moneta Markets | XTrade |
|---|---|---|
| Commissions | 4.2/5 | 2/5 |
| Spread | from 0 points | from 1 points |
| Average Spread (EURUSD) | 1.3 | 3 |
| Commission per Lot | $3 |
Moneta Markets
Moneta Markets delivers competitive trading conditions thanks to tight spreads and transparent commissions.
Pros
- No deposit/withdrawal fees
- Cashback program
- Tight spreads
XTrade
Commissions at Xtrade are relatively high, which can increase a trader's costs.
Pros
- No withdrawal fee.
Cons
- High spreads.
- Inactivity fee of 50 USD.
Deposit and Withdrawal
| Broker | Moneta Markets | XTrade |
|---|---|---|
| Rating | 4.3/5 | 3.5/5 |
| Account Funding Methods |
|
|
Moneta Markets
Moneta Markets provides convenient and fast deposit and withdrawal methods with no broker commissions, though the absence of popular e-wallets reduces convenience for some clients.
Pros
- No broker commission
- Fast funding
- Cryptocurrency available
Cons
- Skrill and Neteller not supported
- Limited choice of e-wallets
XTrade
Xtrade offers a variety of deposit and withdrawal methods, but with lengthy processing times.
Pros
- Wide selection of payment systems.
- No fees on many methods.
Cons
- Long withdrawal processing time.
- Absence of cryptocurrencies.
Markets and Products
| Broker | Moneta Markets | XTrade |
|---|---|---|
| Markets and Products | 5/5 | 5/5 |
| Forex | 48 | 57 |
| Precious Metals | 5 | 9 |
| Energy Carriers | 6 | 5 |
| Soft Commodities | 5 | 7 |
| Indices | 23 | 25 |
| Stocks | 830 | 300 |
| ETF | 57 | 13 |
| Bonds | 7 | 5 |
| Cryptocurrency | 57 | 52 |
Moneta Markets
Moneta Markets offers an extensive range of trading instruments, enabling diversified investing from a single account.
Pros
- Over 1000 instruments
- One account for all assets
- High leverage up to 1:1000
XTrade
Xtrade offers an extensive selection of markets and products, meeting the needs of various traders.
Pros
- Wide range of currency pairs.
- Numerous CFDs on stocks from different countries.
- Availability of cryptocurrencies.
Trading Platforms
| Broker | Moneta Markets | XTrade |
|---|---|---|
| Rating | 5/5 | 3.5/5 |
| Trading Platforms |
|
|
Moneta Markets
Moneta Markets provides an excellent set of platforms for any trading need, from the classic MetaTrader to the user-friendly PRO Trader.
Pros
- MT4/MT5 available
- Convenient PRO Trader web platform
- Mobile app with trade copying
XTrade
Xtrade offers a functional and user-friendly platform.
Pros
- Web platform with no download required.
- Full-featured mobile application.
Cons
- Lack of popular platforms such as MT4 or MT5.
- Limited choice of platforms.
- No desktop version of the platform.
Analytics
| Broker | Moneta Markets | XTrade |
|---|---|---|
| Rating | 4/5 | 4/5 |
Moneta Markets
Moneta Markets provides high-quality, diverse analytics, including unique AI solutions. However, some valuable services are only available after a deposit of $500.
Pros
- Helpful Trading Central and Market Buzz tools
- Regular video analytics and reviews
- Built-in calculators and sentiment indicators
Cons
- Trading Central is only available with a deposit of $500 or more
- No in-depth macroeconomic reports
XTrade
Xtrade's analytics are well-developed, providing traders with a variety of market analysis tools.
Pros
- Daily video analysis.
- Economic calendar and up-to-date news.
- Specialized calculators for technical analysis.
Cons
- Lack of regular reviews from experts.
- No trading signals.
Education
| Broker | Moneta Markets | XTrade |
|---|---|---|
| Rating | 3.5/5 | 4/5 |
Moneta Markets
Market Masters educational materials are high-quality, but full access requires a deposit of $500 or more.
Pros
- Quality Market Masters course
- Unlimited demo account
Cons
- Course only available from $500
- Limited amount of free materials
- No webinars
XTrade
Xtrade provides extensive educational materials covering various levels of complexity.
Pros
- Wide range of topics.
- Materials for beginners and professionals.
- Availability of video tutorials and e-books.
Cons
- Lack of webinars.
- Some topics may require deeper study.
Customer Support
| Broker | Moneta Markets | XTrade |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Email Support |
|
|
| Hotline Phones |
|
|
| Social Media |
Facebook
Instagram
Twitter
LinkedIn
YouTubeMoneta Markets
Moneta Markets support is available around the clock and quickly resolves customer issues.
Pros
- 24/7 operation
- Fast responses in live chat
- Knowledgeable specialists
XTrade
Xtrade's customer support is responsive and diverse, but there are minor communication issues.
Pros
- Variety of communication channels.
- 24/5 availability during weekdays.
- Quick and professional response.
Cons
- Some reviews indicate problems with resolving disputes.
