Forex traders always look for trading with brokers that suit their trading needs and preferences. Moneta Markets and ProsperityFX are online forex brokers that offer their trading services to traders and investors. Moneta Markets is a highly regulated and trusted forex broker. It is regulated in one tier-2 jurisdiction. On the other hand, ProsperityFX is an offshore forex broker which is not regulated by any regulatory bodies.
In this article, we will review and compare the brokerage services offered by Moneta Markets and ProsperityFX. We will explore options such as regulations, reputations, fees, features, leverage, and more. Additionally, we will analyze and rate the brokers based on macro and micro categories and options. By reviewing these aspects, you will get a clear idea of which broker suits you best for your trading journey.
Moneta Markets
Founded in 2020, Moneta Markets is a new broker but was founded by experienced experts. Traders can enjoy ECN trading of over 1,000 forex and CFD instruments on its MetaTrader platforms, proprietary app trader as well as on the PRO TRADER; powered by TradingView. Social trading is via the Moneta CopyTrader app. Its ultra ECN account comes with tight spreads and commissions as low as $1/lot. To learn more, you may read our review about Moneta Markets.
Risk warning: 74-89% of retail traders lose money
Moneta Markets Overview
- Founded In: 2009
- Founder: David Bily
- Headquarters: South Africa
- Minimum Deposit: $50
- Maximum Leverage: 1000:1
- Regulations:FSP , FSCA
- Trading platform:RO TRADER ,APP TRADER ,Mt4,Mt 5,METATRADER APP,MT4,WEBTRADER,COPYTRADER APP
- Account Types: Direct, Prime, Ultra
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, FasaPay, JCB, SticPay
- US Traders: Not Accepted
ProsperityFX
Founded in 2020, ProsperityFX is an online forex and CFD broker that provides access to over 200 trading instruments on its MT4 platform. The broker supports multiple account types, ECN raw spreads, and fast trade executions. ProsperityFX allows all trading strategies, including scalping, hedging, and news trading. With its crypto-based funding system, traders can deposit and withdraw without extra charges. The broker offers 24/7 customer support, ensuring assistance at any time. To learn more, you can read our review on ProsperityFX
ProsperityFX Overview
- Founded In: 2020
- Minimum Deposit: Between $25 and 500 (Standard Account: $50, Pro: $500, Var: $250, Mini: $25, Islamic:$50
- Maximum Leverage: 500:1
- Regulations: None
- Trading platform: MT4
- Account Types: Standard, Pro, Var, Mini
- Payment Options: VISA, MasterCard, Bitcoin
- US Traders: Accepted
Moneta Markets vs: ProsperityFX Features
Moneta Markets
- Trading Instruments: 1000+ Trading instruments including forex, indices, commodities, share CFDs, Crypto CFDs, Bonds, and ETFs
- Maximum leverage: Maximum Leverage is as high as 1000:1
- Minimum Deposit: $50 for Direct and Prime Account, $20000 for Ultra Account
- Account Types: Three ( Direct, Prime, Ultra)
- Trading Fees: Spread starting from 1.2 pip for Direct Account or Commission $3 per lot per side for Prime Account, and $1 per lot per side for Ultra Account
- PAMM/ MAM: Available
- Zulutrade: Available
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
ProsperityFX
- Trading Instruments: Forex, Indices, Commodities, Stocks and Crypto
- Trading Platforms: MT4
- Minimum Deposit: $25
- Maximum Leverage: 1:500
- Trading Fees: Trading fees (spreads and commissions) depend on account types. The minimum spread is 0.8 pips for the Standard account, $8 per lot for the Pro account, No Commission for the VAR account, $7 per lot for the Islamic account, and $1 for the Mini account.
- Minimum Trade Size: 0.01 lot.
- Funding Currencies: BTC/USD
- Trading Style Allowed: All including Scalping, hedging, News trading, and EA Trading.
- PAMM/ MAM: Available
- Stop Out Level (retail): 50%
- Margin Call Level: 100%
- Negative balance Protection: Yes
- Investor Protection: No investor protection is Available.
- Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity.
- KYC Verification: Required
Moneta Markets vs ProsperityFX: Pros and Cons
Moneta Markets Pros & Cons
- Regulated by FSA-S, FSCA
- The Maximum Leverage is as high as 1:1000
- Low Spread Starting From as low as 0 pips
- Allow Scalping, EA Trading, Copy Trading
- Offers passive investment programme(MAM, PAMM Account)
- Copy Trading, Zulutrade is allowed
- No Deposit or Inactivity fees
- Wide Range of instruments – 1000+ products to trade
- Easy and Quick Account Opening
- Seamless Deposit and Withdrawal
- Free Forex VPS
- Moneta Markets does not have top tire regulations like FCA, NFA, ASIC, CySEC etc.
- Limited number of trading instruments compared to market leaders
- No investor protection scheme
- The Ctrader platform is not offered
ProsperityFX Pros & Cons
- Low Minimum Deposit - Starting from $10
- Allow Crypto CFD Trading
- Demo Accounts are Available
- Higher Leverage for US, and EU clients.
- Allow Scalping, EA Trading and News Trading
- ProsperityFX Accepts Crypto Deposits
- Offshore Broker with very limited information
- Limited Deposit and Withdrawal Option
- Spread sometimes widens during market volatility
- Unregulated Forex broker
- No Managed Account Options
Moneta Markets vs ProsperityFX: Side-by-Side Comparison
Moneta Markets Vs ProsperityFX: Our Scores and Ratings
We rated both brokers, Moneta Markets and ProsperityFX, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.
Moneta Markets :
ProsperityFX
Final Verdict :
Both Moneta Markets and ProsperityFX offer similar trading services worldwide. However, there are differences in their regulations, reputation, and operation. Moneta Markets is a highly regulated and trusted forex broker. It is regulated by top-tier regulatory authorities, including FSCA. On the other hand, ProsperityFX is an unregulated offshore forex broker. Moneta Markets provides Multiple trading platforms including MT5, AppTrader, ProTrader (by TradingView). On the Contrary, ProsperityFX does not offer MT4/MT5.
As Moneta Markets is not licensed in the USA, it cannot accept US clients. Being an unregulated offshore forex broker, ProsperityFX can onboard clients from anywhere in the world, including the USA. Therefore, non-US traders may opt for Moneta Markets, while US traders looking for offshore forex brokers may consider ProsperityFX. Trading with offshore forex brokers is risky and not recommended.
