After spending seven months and hundreds of hours researching 43 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 6,000 data points. For this review, we will compare AxiTrader vs Swissquote.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. Both AxiTrader and Swissquote hold a 3.50 star rating.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. AxiTrader and Swissquote both are regulated in a major hub. Swissquote is a publicly traded company, AxiTrader isn't. As far as how many currency pairs are available for trading, here's the answer. Swissquote boasts an offering of 78 different currency pairs compared to AxiTrader's 53 available pairs.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. AxiTrader alongside Swissquote offer Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. AxiTrader and Swissquote offer the same number of charting tools, 31. Both AxiTrader and Swissquote provide clients with access to 51 total indicators (eg, moving averages).
Overall, Swissquote takes the upper hand with 4.00 stars over AxiTrader's 3.50 stars. And, when it comes to individual category awards, Swissquote posted awards Best in Class - Customer Service in 2018, while AxiTrader found itself with none of these.