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 Interactive Brokers 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. Interactive Brokers'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. Both Interactive Brokers and Vantage FX are regulated in a major hub. Interactive Brokers 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. Interactive Brokers offers its clients access to 85 different currency pairs while Vantage FX has 38 available pairs, a difference of 47.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Vantage FX has Meta Trader, Interactive Brokers doesn't. 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. Interactive Brokers trails Vantage FX by 22 total charting tools, with Vantage FX offering 31 and Interactive Brokers offering 9. Interactive Brokers boasts an offering of 121 different indicators (for example, moving averages) compared to Vantage FX's 51 available indicators.
Overall, Interactive Brokers comes out on top with 4.50 stars over Vantage FX's 3.50 stars. And, when it comes to individual category awards, unfortunately, neither Interactive Brokers nor Vantage FX received awards Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Customer Service, Best in Class - Active Trading, Best in Class - Mobile Trading and Best in Class - Investor Education.