Our ForexBrokers.com team spent seven months and hundreds of hours assessing 20 different forex broker accounts
for trading FX. In total, over 5,000 data points were collected. For this review, we will compare AvaTrade 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 AvaTrade and Swissquote hold a 3.00 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. Both AvaTrade and Swissquote are regulated in a major hub. Swissquote is a publicly traded company while AvaTrade is not. How many currency pairs are available to trade? Swissquote boasts an offering of 78 different currency pairs compared to AvaTrade's 59 available pairs.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. AvaTrade alongside 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. AvaTrade and Swissquote offer the same number of charting tools, 31. Both AvaTrade and Swissquote provide clients with access to 51 total indicators (eg, moving averages).
Overall, Swissquote boasts 4.00 stars versus AvaTrade's 3.50 stars. And, when it comes to individual category awards, Swissquote was rated Best in Class - Customer Service in 2017, while AvaTrade was rated none of these.