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 FOREX.com (GAIN Capital) vs Swissquote.
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. FOREX.com (GAIN Capital) received a rating of 4.50 stars over Swissquote's 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. FOREX.com (GAIN Capital) and Swissquote both are regulated in a major hub. Both FOREX.com (GAIN Capital) and Swissquote are publicly traded companies. How many currency pairs are available to trade? Swissquote trails FOREX.com (GAIN Capital) by 6 total currency pairs (for example, EUR/USD), with FOREX.com (GAIN Capital) offering 84 and Swissquote offering 78.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Both FOREX.com (GAIN Capital) and Swissquote offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. FOREX.com (GAIN Capital) trails Swissquote by 9 total charting tools, with Swissquote offering 31 and FOREX.com (GAIN Capital) offering 22. Swissquote trails FOREX.com (GAIN Capital) by 88 total different indicators (for example, moving averages), with FOREX.com (GAIN Capital) offering 139 and Swissquote offering 51.
Overall, FOREX.com (GAIN Capital) takes the upper hand with 4.50 stars over Swissquote's 4.00 stars. And, when it comes to individual category awards, Swissquote posted awards Best in Class - Customer Service in 2018, while FOREX.com (GAIN Capital) found itself with Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Investor Education.