After spending seven months and hundreds of hours researching 43 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 6,000 data points. For this review, we will compare Coinbase vs Vantage FX.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. Vantage FX received a rating of 3.50 stars over Coinbase's 2.50 stars.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Vantage FX is regulated in a major hub, Coinbase isn't. Neither are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. Vantage FX offers its clients access to 38 different currency pairs while Coinbase has available pairs, a difference of 38.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Vantage FX has Meta Trader, Coinbase doesn't. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. Coinbase trails Vantage FX by 31 total charting tools, with Vantage FX offering 31 and Coinbase offering . Coinbase trails Vantage FX by 51 total different indicators (for example, moving averages), with Vantage FX offering 51 and Coinbase offering .
Overall, both Coinbase and Vantage FX are rated 3.50 stars. And, when it comes to individual category awards, unfortunately, neither Coinbase 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.