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 Coinbase 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. Swissquote received a rating of 3.50 stars over Coinbase's 2.50 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. Swissquote is regulated in a major hub while Coinbase is not. Swissquote is a publicly traded company, while Coinbase is not. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Swissquote boasts an offering of 78 different currency pairs compared to Coinbase's available pairs.
To round out our comparison of Coinbase vs Swissquote, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Swissquote makes Meta Trader available to clients, while Coinbase 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. Swissquote boasts an offering of 31 charting tools compared to Coinbase's available charting tools. Swissquote boasts an offering of 51 different indicators (for example, moving averages) compared to Coinbase's available indicators.
Overall, Swissquote boasts 4.00 stars versus Coinbase's 3.50 stars. And, when it comes to individual category awards, Swissquote was rated Best in Class - Customer Service in 2018, while Coinbase was rated none of these.