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 City Index vs Vantage FX.
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. City Index is a better option with a 4.00 star rating over Vantage FX's 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. Both City Index and Vantage FX are regulated in a major hub. City Index is a publicly traded company while Vantage FX is not. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Vantage FX trails City Index by 46 total currency pairs (for example, EUR/USD), with City Index offering 84 and Vantage FX offering 38.
To round out our comparison of City Index vs Vantage FX, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Both City Index and Vantage FX 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. Vantage FX offers its clients access to 31 charting tools while City Index has 25 charting tools, a difference of 6. City Index boasts an offering of 139 different indicators (for example, moving averages) compared to Vantage FX's 51 available indicators.
Overall, City Index comes out on top with 4.50 stars over Vantage FX's 3.50 stars. And, when it comes to individual category awards, unfortunately, neither City Index nor Vantage FX received awards Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Customer Service, Best in Class - Active Trading, Best in Class - Mobile Trading and Best in Class - Investor Education.