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 FOREX.com vs Swissquote.
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. FOREX.com's score is 4.50 stars versus Swissquote's 3.50 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. FOREX.com and Swissquote both are regulated in a major hub. Both FOREX.com and Swissquote are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. FOREX.com offers its clients access to 84 different currency pairs while Swissquote has 78 available pairs, a difference of 6.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. FOREX.com and Swissquote both offer Meta Trader. 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. Swissquote boasts an offering of 31 charting tools compared to FOREX.com's 22 available charting tools. FOREX.com offers its clients access to 139 different indicators (for example, volume) while Swissquote has 51 available indicators, a difference of 88.
Overall, both FOREX.com and Swissquote hold a 4.00 star rating. And, when it comes to individual category awards, FOREX.com was rated Best in Class - Research and Best in Class - Mobile Trading in 2018, while Swissquote was rated none of these.