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 CMC Markets 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. CMC Markets's score is 5.00 stars versus Vantage FX's 3.50 stars.
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. CMC Markets alongside Vantage FX are regulated in a major hub. CMC Markets 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 CMC Markets by 145 total currency pairs (for example, EUR/USD), with CMC Markets offering 183 and Vantage FX offering 38.
To round out our comparison of CMC Markets 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. Vantage FX offers Meta Trader while CMC Markets does not. 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. CMC Markets trails Vantage FX by 7 total charting tools, with Vantage FX offering 31 and CMC Markets offering 24. CMC Markets offers its clients access to 74 different indicators (for example, volume) while Vantage FX has 51 available indicators, a difference of 23.
Overall, CMC Markets comes out on top with 4.50 stars over Vantage FX's 3.50 stars. And, when it comes to individual category awards, CMC Markets was rated Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Active Trading and Best in Class - Mobile Trading in 2018, while Vantage FX was rated none of these.