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 XTB.
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. XTB received a rating of 4.00 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. XTB is regulated in a major hub, while Coinbase is not. XTB is a publicly traded company, Coinbase isn't. As far as how many currency pairs are available for trading, here's the answer. XTB offers its clients access to 49 different currency pairs while Coinbase has available pairs, a difference of 49.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. XTB makes Meta Trader available to clients, while Coinbase does not. 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 XTB by 31 total charting tools, with XTB offering 31 and Coinbase offering . XTB offers its clients access to 51 different indicators (for example, volume) while Coinbase has available indicators, a difference of 51.
Overall, XTB boasts 4.00 stars versus Coinbase's 3.50 stars. And, when it comes to individual category awards, XTB was rated Best in Class - Customer Service in 2018, while Coinbase was rated none of these.