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 Pepperstone 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. Pepperstone is a better option with a 4.00 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. Pepperstone and Swissquote both are regulated in a major hub. Swissquote is a publicly traded company, Pepperstone isn't. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Pepperstone trails Swissquote by 19 total currency pairs (for example, EUR/USD), with Swissquote offering 78 and Pepperstone offering 59.
To round out our comparison of Pepperstone vs Swissquote, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Pepperstone 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 brokers offer clients access to the same number of charting tools, 31. Both Pepperstone and Swissquote provide clients with access to 51 total indicators (eg, moving averages).
Overall, both Pepperstone and Swissquote share a rating of 4.00 stars. And, when it comes to individual category awards, Pepperstone finished with awards Best in Class - Customer Service and Best in Class - Active Trading in 2018, while Swissquote came up with Best in Class - Customer Service.