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 OANDA 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. Both OANDA and Vantage FX share a rating of 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. Both OANDA and Vantage FX are regulated in a major hub. Neither OANDA and Vantage FX are publicly traded companies. How many currency pairs are available to trade? Vantage FX trails OANDA by 33 total currency pairs (for example, EUR/USD), with OANDA offering 71 and Vantage FX offering 38.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. OANDA alongside 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. OANDA and Vantage FX offer the same number of charting tools, 31. OANDA and Vantage FX offer the same number of indicators (eg, volume), 51.
Overall, OANDA takes the upper hand with 4.00 stars over Vantage FX's 3.50 stars. And, when it comes to individual category awards, both OANDA and Vantage FX found themselves without awards for 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 in 2018.