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 IG Group vs Vantage FX.
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. IG Group's score is 4.50 stars versus Vantage FX'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. IG Group alongside Vantage FX are regulated in a major hub. IG Group is a publicly traded company, Vantage FX isn't. How many currency pairs are available to trade? IG Group offers its clients access to 91 different currency pairs while Vantage FX has 38 available pairs, a difference of 53.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Both IG Group and Vantage FX 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. IG Group trails Vantage FX by 22 total charting tools, with Vantage FX offering 31 and IG Group offering 9. Vantage FX 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 boasts 5.00 stars versus Vantage FX's 3.50 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 Vantage FX came up with none of these.