Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare CMC Markets vs Vantage FX.
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. CMC Markets's score is 5.00 stars versus Vantage FX's 3.50 stars.
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. CMC Markets alongside Vantage FX are regulated in a major hub. CMC Markets is a publicly traded company while Vantage FX is not. How many currency pairs are available to trade? 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, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Vantage FX has Meta Trader, CMC Markets doesn't. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Vantage FX boasts an offering of 31 charting tools compared to CMC Markets's 24 available charting tools. Vantage FX trails CMC Markets by 30 total different indicators (for example, moving averages), with CMC Markets offering 81 and Vantage FX offering 51.
Overall, CMC Markets boasts 4.50 stars versus Vantage FX's 3.50 stars. And, when it comes to individual category awards, neither CMC Markets nor Vantage FX were rated 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.