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 FXDD 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. FXDD's score is 4.00 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. Swissquote is regulated in a major hub while FXDD is not. Swissquote is a publicly traded company, FXDD isn't. As far as how many currency pairs are available for trading, here's the answer. FXDD trails Swissquote by 24 total currency pairs (for example, EUR/USD), with Swissquote offering 78 and FXDD offering 54.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. FXDD 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. Both brokers offer clients access to the same number of charting tools, 31. FXDD and Swissquote offer the same number of indicators (eg, volume), 51.
Overall, both FXDD and Swissquote are rated 4.00 stars. And, when it comes to individual category awards, Swissquote was rated Best in Class - Customer Service in 2018, while FXDD was rated none of these.