To find the top fx brokers
, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare Admiral Markets vs Coinbase.
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. Admiral Markets is a better option with a 3.50 star rating over Coinbase's 2.50 star rating.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. Admiral Markets is regulated in a major hub, while Coinbase is not. Neither Admiral Markets and Coinbase are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Coinbase trails Admiral Markets by 55 total currency pairs (for example, EUR/USD), with Admiral Markets offering 55 and Coinbase offering .
To round out our comparison of Admiral Markets vs Coinbase, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Admiral Markets makes Meta Trader available to clients, while Coinbase does not. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. Coinbase trails Admiral Markets by 31 total charting tools, with Admiral Markets offering 31 and Coinbase offering . Admiral Markets boasts an offering of 51 different indicators (for example, moving averages) compared to Coinbase's available indicators.
Overall, Admiral Markets boasts 4.00 stars versus Coinbase's 3.50 stars. And, when it comes to individual category awards, Admiral Markets was rated Best in Class - Investor Education in 2018, while Coinbase was rated none of these.