LegacyFX Vs. Moneta Markets - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit 77% of retail CFD accounts lose money.	Visit 74-89% of retail CFD accounts lose money.
Overview
Legacy FX is a cypriot broker founded in 2017 that specialises in CFDs trading via MetaTrader 5 for mobile, web and desktop devices.	Moneta Markets is an international broker that specialises in CFDs trading via MetaTrader 4 and their proprietary platform ProTrader powered by TradingView.
Best For
Traders looking for a CySec broker that offers a trading signals service	Scalpers looking to take advantage of the spreads and commissions on ECN account International traders looking for an off-shore high leverage broker.
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 0 Other Licenses 2 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 1 Other Licenses 3 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
CySec (Cyprus) VFSC (Vanuatu)	ASIC (Australia) FSCA (South Africa) FSA (Seychelles) SVGFSA (Saint Vincent and the Grenadines)
The Good
Proprietary signals channel (untested by us) Fixed spreads (at their discretion subject to change)	ProTrader platform powered by TradingView Competitive commissions on ECN account Moneta Markets is part of the Vantage group which holds an ASIC license
The Bad
High minimum deposits (From $500 to $25,000) for their various account types Extremely high spreads when compared to similar brokers Low asset offering with poor categorisation Subpar regulatory framework Only MT5 platform is offered	Demo accounts only last 30 days Asset offering is extremely low (below 300 instruments) Weak regulatory framework with only 1 license STP account spreads are really high for industry standards
Status
Operational	Operational
Recent News
No fresh news at the moment. Check again soon!	No fresh news at the moment. Check again soon!
Key Data
⌛ Account Opening Time
1 day	1 day
📋 Documents Required
Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.	Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.
📍 Year Founded
2017	2019
💳 Minimum Deposit Range
From $500 to $25,000	$50
💰 Payment Methods
Visa Mastercard Neteller Skrill Klarna iDeal GiroPay Perfect Money AVOPayments eftPay Volt Cash Load Jeton Gigadat	Visa Mastercard FasaPay JCB SticPay Bank Transfer
💵 Account Base Currencies
11 - USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR.	9 - AUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA, BE, FR, IL, IR, SY, AF, MM, SO, YE, IQ, SS, SD.	AF, AS, AL, AU, BY, BE, BM, BA, BG, BI, CA, CF, HR, CU, CY, CD, ER, FR, GU, IR, IQ, IT, JP, LB, LR, LY, MK, ML, ME, MM, KP, PR, GN, GW, RO, SL, RS, SG, SI, SO, SS, SD, ES, SY, US, UK, VI, VE, YE, ZW.
📊 STP Account
No	Yes
📊 DMA Account
No	No
📊 ECN Account
No	Yes
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
292	769
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
200	640
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
40	45
📗 Commodities
0	0
📗 Commodities CFDs
24	15
📕 Indices
0	0
📕 Indices CFDs
18	16
📔 ETFs
0	0
📔 ETFs CFDs
0	40
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
10	6
📒 Bonds
0	0
📒 Bonds CFDs
0	7
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
Unavailable	1 Share
📉 Minimum ETFs Trade Size
Unavailable	Unavailable
📈 Minimum Crypto Trade Size
Unavailable	Unavailable
📉 Minimum FX Trade Size
$10,000 (0.1 Lots)	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$10,000 (0.1 Lots)	$1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
30	1000
💪 Professional Leverage
500	Unavailable
✍ Customisable Leverage
No	Yes
🎲 Deleveraged Trading
No	No
🎓 Demo Account
Yes	Yes
📱 IOS App
No	No
📱 Android App
No	No
📺 MetaTrader 4
No	Yes
📺 MetaTrader 5
Yes	Yes
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	Yes
💻 Proprietary Platform
No	No
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
No	No
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
No	No
Fees
💰 Inactivity Fee
Yes, 10 units of account base currency after 90 days of inactivity.	None
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	None
💰 Commissions
Yes, ranging from 0.15% to 0.45% of trade value for stocks only.	Commission structure varies as follows: No commissions on Direct STP account $3 per lot per side commission on Prime ECN account $1 per lot per side commission on Ultra ECN account
Spreads
📈 EUR/USD
Dynamic - From 1.6 Pips	Dynamic - From 0.1 to 1.2 Pips
📉 SP500
Dynamic - From 120 Pips	Dynamic - From 300 Pips
📈 GOLD
Dynamic - From 63 Pips	Dynamic - From 10 to 130 Pips
📉 TSLA (Stock CFD)
Unavailable	Dynamic - From $0.22
📈 XLK (ETF - CFD)
Unavailable	Dynamic - From $0.02
📉 BTC
Dynamic - From $505	Unavailable
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No
📡 Educational Content
No	Yes
📡 Live Chat Support
No	Yes
📡 Video Tutorials
No	Yes
📡 Account Management
Yes	No
📡 Webinars
No	Yes