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's score is 4.00 stars versus Swissquote's 3.50 stars.
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. Both Pepperstone and Swissquote are regulated in a major hub. Swissquote is a publicly traded company while Pepperstone is not. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Swissquote offers its clients access to 78 different currency pairs while Pepperstone has 59 available pairs, a difference of 19.
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 alongside 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. Pepperstone and Swissquote offer the same number of charting tools, 31. Pepperstone and Swissquote offer the same number of indicators (eg, volume), 51.
Overall, Swissquote boasts 4.00 stars versus Pepperstone's 3.50 stars. And, when it comes to individual category awards, both Pepperstone and Swissquote 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.