Two regulation-heavy brokers compete on regulation, pricing, and platform variety. The edge shifts between MT4 focus with 300 instruments versus MT4/MT5 plus a proprietary platform and 1000 instruments.
ATFX and Moneta Markets are closely matched, but the clearest differentiator is instrument breadth and pricing structure: Moneta Markets lists 1000 instruments with raw 0-pip spreads and $6/lot, while ATFX offers 300 instruments on MT4 with spreads from 1.8 pips.
Find out which broker best suits your trader profile.
Choose ATFX if…
Choose ATFX if you prefer MT4-only trading, FCA/CySEC/FSCA oversight, and a 300-instrument universe.
Choose Moneta Markets if…
Choose Moneta Markets if you want MT4/MT5 plus a proprietary AppTrader platform and access to 1000 instruments with raw spreads.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Moneta Markets offers tighter spreads from 0.00 pips vs 1.80 pips for ATFX, reducing trading costs.
| Editorial score | 4.2/ 5 | 4.1/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.3 / 5▲ | 4.1 / 5 |
Pros
FCA (UK), CySEC (EU), and FSCA (SA) licensing
300+ instruments including ETF CFDs and bond CFDs
FSCS protection up to GBP 85,000 for UK clients
No minimum deposit, no inactivity fee
Client funds held in segregated accounts
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | ATFX | Moneta Markets |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
The scores are close: ATFX rates 4.2/5 and Moneta Markets rates 4.1/5. ATFX has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
Moneta Markets starts from 0 pips, tighter than ATFX's 1.8 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
ATFX has no minimum deposit, while Moneta Markets requires at least $50. This makes ATFX more accessible for traders with limited starting capital.
Both ATFX and Moneta Markets hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: ATFX has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
ATFX lists maximum leverage of 400:1, while Moneta Markets lists up to 1000:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Moneta Markets charges $6 per lot on commission-based accounts. Commission details for ATFX are not currently available. Check their website for up-to-date pricing.
ATFX supports MetaTrader 4, while Moneta Markets supports MetaTrader 5, Proprietary Web/Mobile, MetaTrader 4. Both provide MetaTrader 4. Moneta Markets has exclusive access to MetaTrader 5 and Proprietary Web/Mobile.
ATFX is stronger for safety and regulation, with FSCS protection and multiple regional licenses.
Moneta Markets wins with raw spreads and MT4/MT5 access.
Moneta Markets is better suited for scalpers: raw/ECN spreads available, tighter spreads from 0.00 pips.
Moneta Markets wins with MT4/MT5 and a proprietary AppTrader platform.
ATFX wins for beginners with a $0 minimum deposit and accessible support.
Moneta Markets wins for instrument variety with 1000 instruments.
Fees & Spreads 30% weight | 3.8 / 5 | 4.4 / 5▲ |
|---|
Platforms & Tools 20% weight | 3.7 / 5 | 4.0 / 5▲ |
|---|
Customer Support 10% weight | 4.2 / 5▲ | 4.0 / 5 |
|---|
| Founded | 2017 | 2019 |
|---|
| Headquarters | London, United Kingdom | Sydney, Australia |
|---|
| Min Deposit | No minimum▼ lower | $50 |
|---|
| Spreads From | 1.8 pips | 0 pips▼ lower |
|---|
| Commission / lot | N/A | $6/lot |
|---|
| N/A | 0.6 pips |
| Max Leverage | 400:1▲ higher | 1,000:1 |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNeteller | Bank transferCredit cardDebit cardSkrillNeteller |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNeteller | Bank transferCredit cardSkrillNeteller |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | FCA FSCA CySEC | ASIC FSCA FSA Seychelles |
|---|
| Platforms | MetaTrader 4 | MetaTrader 5 Proprietary Web/Mobile MetaTrader 4 |
|---|
| Active bonuses |
|---|
Negative balance protection
Investor compensation scheme coverage
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
ASIC, FSCA, and FSA Seychelles licensing, choice of regulatory framework
Pro ECN account: 0.0 pip spreads with $6 commission
MT4, MT5, and proprietary AppTrader platform
Strong localisation for Africa and Asia
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Negative balance protection
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Cons
MT4 only, no MT5, cTrader, or proprietary platform
Standard spreads from 1.8 pips are not ECN-competitive
Relatively young broker, founded 2017
No raw spread account option
Limited charting capabilities
Cons
Founded 2019, limited track record vs established competitors
Lower brand recognition outside Africa and Asia
FSA Seychelles entity offers limited investor protection
No investor compensation scheme
Dig deeper into each broker’s features, fees, and regulation.
Score 4.1 / 5
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