To find the top fx brokers
, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare IG Group vs Swissquote.
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. IG Group's score is 4.50 stars versus Swissquote's 3.50 stars.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. IG Group and Swissquote both are regulated in a major hub. IG Group alongside Swissquote are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Swissquote trails IG Group by 13 total currency pairs (for example, EUR/USD), with IG Group offering 91 and Swissquote offering 78.
To round out our comparison of IG Group vs Swissquote, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. IG Group and Swissquote both offer Meta Trader. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. Both IG Group and Swissquote provide clients with access to 31 total charting tools. Both IG Group and Swissquote provide clients with access to 51 total indicators (eg, moving averages).
Overall, IG Group boasts 5.00 stars versus Swissquote's 4.00 stars. And, when it comes to individual category awards, Swissquote posted awards Best in Class - Customer Service in 2018, while IG Group found itself with Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Customer Service, Best in Class - Active Trading and Best in Class - Investor Education.