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 is a better option with a 4.50 star rating over Swissquote's 3.50 star rating.
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 alongside Swissquote 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. Both IG Group and Swissquote 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. IG Group trails Swissquote by 14 total charting tools, with Swissquote offering 31 and IG Group offering 17. Swissquote offers its clients access to 51 different indicators (for example, volume) while IG Group has 22 available indicators, a difference of 29.
Overall, IG Group takes the upper hand with 4.50 stars over Swissquote's 4.00 stars. And, when it comes to individual category awards, IG Group finished with awards Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading in 2018, while Swissquote came up with none of these.