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 Swissquote.
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. Both Admiral Markets and Swissquote hold a 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 Swissquote are regulated in a major hub. Swissquote is a publicly traded company while Admiral Markets is not. How many currency pairs are available to trade? Swissquote offers its clients access to 78 different currency pairs while Admiral Markets has 55 available pairs, a difference of 23.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Both Admiral Markets and Swissquote 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. Admiral Markets and Swissquote offer the same number of charting tools, 31. Both brokers offer clients access to the same number of indicators (eg, moving averages), 51.
Overall, both Admiral Markets and Swissquote hold a 4.00 star rating. And, when it comes to individual category awards, Swissquote posted awards Best in Class - Customer Service in 2018, while Admiral Markets found itself with Best in Class - Investor Education.