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 FXCM vs Vantage FX.
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. FXCM's score is 4.00 stars versus Vantage FX'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. FXCM alongside Vantage FX are regulated in a major hub. FXCM is a publicly traded company while Vantage FX is not. As far as how many currency pairs are available for trading, here's the answer. FXCM offers its clients access to 39 different currency pairs while Vantage FX has 38 available pairs, a difference of 1.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Both FXCM and Vantage FX 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. Both brokers offer clients access to the same number of charting tools, 31. Both FXCM and Vantage FX provide clients with access to 51 total indicators (eg, moving averages).
Overall, FXCM takes the upper hand with 4.50 stars over Vantage FX's 3.50 stars. And, when it comes to individual category awards, FXCM finished with awards Best in Class - Platforms & Tools, Best in Class - Mobile Trading and Best in Class - Investor Education in 2018, while Vantage FX came up with none of these.