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 AxiTrader vs Swissquote.
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. Both AxiTrader and Swissquote hold a 3.50 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. AxiTrader and Swissquote both are regulated in a major hub. Swissquote is a publicly traded company while AxiTrader is not. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. AxiTrader trails Swissquote by 25 total currency pairs (for example, EUR/USD), with Swissquote offering 78 and AxiTrader offering 53.
To round out our comparison of AxiTrader vs Swissquote, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. AxiTrader alongside Swissquote offer Meta Trader. 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. Both brokers offer clients access to the same number of charting tools, 31. Both brokers offer clients access to the same number of indicators (eg, moving averages), 51.
Overall, Swissquote boasts 4.00 stars versus AxiTrader's 3.50 stars. And, when it comes to individual category awards, Swissquote finished with awards Best in Class - Customer Service in 2018, while AxiTrader came up with none of these.