Moneta Markets vs Vantage FX

Moneta Markets or Vantage FX – which is better for UK traders 2024? Compare Moneta Markets and Vantage FX in this detailed breakdown of their platforms, features and fees.

Moneta Markets vs Vantage FX Comparison Table 2024
Moneta Markets Vantage FX
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4.4
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4.7
Moneta Markets is ranked #92 among CFD brokers. Vantage FX is ranked #15 among CFD brokers.
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Review
Moneta Markets has closed or no longer accepts UK clients.
Founded in 2019 and headquartered in Johannesburg, South Africa, Moneta Markets offers over 1000 instruments for short-term trading. New traders can choose between STP and ECN accounts while the smooth sign-up process has helped attract 70,000 registered traders. 		Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to over 900,000 clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC-regulated and client funds are segregated. Copy traders will also appreciate the range of social trading tools.
Pros
  • Moneta Markets supports a growing suite of 1000+ tradable assets, with a particularly strong selection of commodities and more recently fresh index CFDs.
  • Registering for an account with Moneta Markets is quick and easy through the digital sign-up process, taking just a few minutes with an accessible $50 minimum deposit.
  • The broker offers competitive leverage rates of up to 1:1000, allowing experienced traders to amplify their positions and potentially increase their returns.
  • The intuitive ProTrader web platform, powered by TradingView, performed brilliantly during testing, enabling trading directly from charts, plus the easy modification of orders using drag-and-drop functionality.
  • Moneta Markets makes account funding a breeze, with plenty of account currencies, zero transfer fees and a wide selection of traditional, digital and now crypto-backed payment methods.
  • Vantage maintains its high trust score thanks to its strong reputation and top-tier regulation from the FCA and ASIC
  • Vantage has bolstered its algorithmic trading tools for advanced traders with AutoFibo EA identifying reversal opportunities
  • The ECN accounts are very competitive with spreads from 0.0 pips and a $1.50 commission per side
  • There’s an excellent suite of trading software, including the award-winning platforms MT4 and MT5
  • The broker has recently made efforts to expand its suite of CFDs providing further trading opportunities
  • Vantage caters to hands-off investors with beginner-friendly social trading via ZuluTrade & Myfxbook
  • The low minimum deposit of $50 and zero funding fees make this broker a great choice for new traders
  • There are no short-term strategy restrictions with hedging and scalping permitted
  • It’s quick and easy to open a live account – taking less than 5 minutes
Cons
  • Although regulated by the ASIC, trading through the Seychelles-based entity may result in limited regulatory protections while Moneta Markets’ short track also means it hasn’t earned the reputation of the safest brokers.
  • Whilst TradingView-backed ProTrader is intuitive, there are limitations compared to the full TradingView platform, notably time frames lack seconds or ranges, and community scripts can’t be added.
  • Clients need an account balance of at least $500 to access educational materials, a serious drawback for beginners who can get free materials from brokers like IG and eToro.
  • While trading costs are generally competitive, index CFDs feature fairly high spreads especially on US products like the S&P 500, trailing IC Markets during testing.
  • The best pricing is reserved for traders who deposit $20,000 for the ECN Ultra account, putting it out of reach for most retail investors.
  • It's a shame that some clients will need to register with the offshore entity, which offers less regulatory protection
  • A steep $10,000 deposit is needed for the best trading conditions, which include the $1.50 commission per side
  • The average execution speeds of 100ms to 250ms are slower than alternatives based on tests
  • Unfortunately, cryptos are only available for Australian clients
Awards
  • 10 Best Companies To Watch 2021
  • Best Forex Broker For Beginners 2021
  • Best Forex Broker For Professionals 2021
  • Most Advanced CFD Trading Platform 2020
  • Best Trade Execution - Global Forex Awards 2023
  • Best CFD Broker Global - Global Brands Magazine 2024
  • Best Multi-Asset Broker Global - Global Business and Finance Magazine 2023
  • Best CFD Trading Platform - Global - International Business Magazine
FCA Regulated
No Yes
Instruments
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Crypto CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Spread betting
Demo Account
Yes Yes
Minimum Deposit
$50 $50
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
ASIC, FSCA, FSA FCA, ASIC, FSCA, VFSC
Mobile Apps
iOS & Android iOS & Android
Trading App

Moneta Markets supports the MT4 and MT5 applications but has stepped up its game by introducing a proprietary AppTrader. Powered by TradingView, it has a strong focus on technical analysis. It also sports a more intuitive interface and comprehensive functionality, including full-screen chart viewing and an integrated news stream. The added advantage is straightforward account management, allowing you to deposit, withdraw and access 24/7 chat support directly in the app.

Vantage offers one of the most complete trading apps we’ve used. The crisp design and slick interface makes analyzing markets and placing trades straightforward. Changing to horizontal mode offers an optimal charting view, though frustratingly it can take a few seconds for the app to respond. Fortunately, this minor drawback is outweighed by the ease of overlaying indicators and drawing tools, plus the integrated economic calendar, newsfeed, market analysis, and even FX TV.
iOS App Rating
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5
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3.6
Android App Rating
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4.4
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3.9
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
Yes Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
No No
eSignal
No No
Trading Central
Yes No
STP Account
Yes Yes
ECN Account
Yes Yes
DMA Account
No No
MAM Account
No Yes
PAMM Account
Yes Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader Myfxbook AutoTrade, Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes Yes
Copy Trading Platform
Moneta Markets is one of few brokers that offers its own social trading service, allowing clients to engage in copy trading through its user-friendly CopyTrader app. This easy-to-use solution lets beginner traders select and follow seasoned traders, accessing real-time performance statistics. Moneta Markets also offers ZuluTrade, a respected social and copy trading platform. Traders enjoy social and copy trading at Vantage with the MetaTrader packages, DupliTrade, ZuluTrade and Myfxbook. ZuluTrade is one of the best social trading communities, using a sophisticated algorithm to rank top signal providers.
Social Trading
Yes Yes
Trade Signals
Yes Yes
VPS Hosting
Yes Yes
Tournaments
No No
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0 $0
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • NZD
  • JPY
  • HKD
  • SGD
  • BRL
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • JPY
  • HKD
  • SGD
  • PLN
Commodities
  • Gold
  • Silver
  • Oil
  • Gasoline
  • Copper
  • Cocoa
  • Coffee
  • Cotton
  • Sugar
  • Natural Gas
  • Orange Juice
  • Gold
  • Silver
  • Gasoline
  • Copper
  • Palladium
  • Platinum
  • Cocoa
  • Coffee
  • Orange Juice
  • Cotton
  • Sugar
  • Wheat
  • Oil
  • Natural Gas
CFD
CFD traders have the opportunity to speculate on short-term movements across a wide range of assets, including forex, stocks, indices, commodities, bonds, and ETFs. Where Moneta Markets stands out is its high leverage up to 1:1000 for seasoned traders, though this seriously amplifies the risk of large losses for inexperienced investors. Traders can speculate on 1000+ financial markets with high leverage up to 1:500. You can bet on rising and falling prices in currencies, commodities, indices, shares, and more without owning the underlying asset. With the comprehensive choice of CFD trading platforms, users can also switch between desktop, web and mobile for a seamless trading experience.
Leverage
1:1000 1:500
FTSE Spread
13.33 1.0
GBPUSD Spread<
0.56 0.5
Oil Spread
2.90 0.01
Stocks Spread
0.3 0.01
Forex
Moneta Markets provides an extensive selection of over 45 forex pairs, featuring leverage ratios that surpass those offered by the vast majority of brokers, reaching up to 1:1000. The HokoCloud VPS can also enhance automated forex trading strategies and is free if you deposit $500 and trade 5 forex lots per month. Vantage offers 55+ currency pairs - above the industry average, so experienced traders can explore plenty of opportunities. Vantage's deep liquidity pool provides forex spreads from 0.0 pips in the ECN account, lower than many alternatives. There are also no commissions, deposit fees or hidden charges.
Assets
45+ 55+
GBPUSD Spread
0.56 0.5
EURUSD Spread
0.26 0.0
EURGBP Spread
0.36 0.5
Currency Indices
  • USD
  • USD
Moneta Markets Vantage FX
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