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 Plus500 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. Vantage FX received a rating of 3.50 stars over Plus500's 3.00 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. Plus500 alongside Vantage FX are regulated in a major hub. Plus500 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. Vantage FX trails Plus500 by 22 total currency pairs (for example, EUR/USD), with Plus500 offering 60 and Vantage FX offering 38.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Vantage FX makes Meta Trader available to clients, while Plus500 does not. 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. Vantage FX boasts an offering of 31 charting tools compared to Plus500's 0 available charting tools. Plus500 offers its clients access to 103 different indicators (for example, volume) while Vantage FX has 51 available indicators, a difference of 52.
Overall, Vantage FX boasts 3.50 stars versus Plus500's 3.00 stars. And, when it comes to individual category awards, both Plus500 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.