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 Plus500 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. Vantage FX's score is 3.50 stars versus Plus500's 3.00 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. Plus500 alongside Vantage FX are regulated in a major hub. Plus500 is a publicly traded company, while Vantage FX is not. How many currency pairs are available to trade? Plus500 offers its clients access to 60 different currency pairs while Vantage FX has 38 available pairs, a difference of 22.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Vantage FX has Meta Trader, Plus500 doesn't. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Vantage FX offers its clients access to 31 charting tools while Plus500 has 0 charting tools, a difference of 31. Plus500 boasts an offering of 103 different indicators (for example, moving averages) compared to Vantage FX's 51 available indicators.
Overall, Vantage FX comes out on top with 3.50 stars over Plus500's 3.00 stars. And, when it comes to individual category awards, neither Plus500 nor Vantage FX were rated 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.