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 hold a 3.50 star rating.
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. eToro nor Vantage FX are publicly traded companies. How many currency pairs are available to trade? Vantage FX trails eToro by 9 total currency pairs (for example, EUR/USD), with eToro offering 47 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 makes Meta Trader available to clients, 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. Vantage FX boasts an offering of 31 charting tools compared to eToro's 14 available charting tools. Vantage FX trails eToro by 15 total different indicators (for example, moving averages), with eToro offering 66 and Vantage FX offering 51.
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 was rated Best in Class - Customer Service in 2018, while Vantage FX was rated none of these.