Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare Admiral Markets vs FXOpen.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. FXOpen is a better option with a 4.00 star rating over Admiral Markets's 3.50 star rating.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. Admiral Markets alongside FXOpen are regulated in a major hub. Admiral Markets nor FXOpen are publicly traded companies. How many currency pairs are available to trade? FXOpen offers its clients access to 63 different currency pairs while Admiral Markets has 55 available pairs, a difference of 8.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Admiral Markets alongside FXOpen offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Both brokers offer clients access to the same number of charting tools, 31. Admiral Markets and FXOpen offer the same number of indicators (eg, volume), 51.
Overall, Admiral Markets comes out on top with 4.00 stars over FXOpen's 3.50 stars. And, when it comes to individual category awards, Admiral Markets was rated Best in Class - Investor Education in 2018, while FXOpen was rated none of these.