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)'s score is 4.50 stars versus 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. Both Forex.com (GAIN Capital) and Swissquote are regulated in a major hub. Forex.com (GAIN Capital) alongside 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. Forex.com (GAIN Capital) alongside 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) and Swissquote offer the same number of charting tools, 31. Both Forex.com (GAIN Capital) and Swissquote provide clients with access to 51 total indicators (eg, moving averages).
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, Forex.com (GAIN Capital) was rated Best in Class - Research and Best in Class - Investor Education in 2018, while Swissquote was rated Best in Class - Customer Service.