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 eToro 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. Both eToro and Vantage FX share a rating of 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. Both eToro and Vantage FX are regulated in a major hub. Neither are publicly traded companies. How many currency pairs are available to trade? eToro offers its clients access to 47 different currency pairs while Vantage FX has 38 available pairs, a difference of 9.
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 offers Meta Trader while eToro does not. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. eToro trails Vantage FX by 17 total charting tools, with Vantage FX offering 31 and eToro offering 14. eToro offers its clients access to 66 different indicators (for example, volume) while Vantage FX has 51 available indicators, a difference of 15.
Overall, eToro takes the upper hand with 4.00 stars over Vantage FX's 3.50 stars. And, when it comes to individual category awards, eToro finished with awards Best in Class - Customer Service in 2018, while Vantage FX came up with none of these.