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 Swissquote 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. Both Swissquote and Vantage FX are rated 3.50 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. Both Swissquote and Vantage FX are regulated in a major hub. Swissquote 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. Swissquote boasts an offering of 78 different currency pairs compared to Vantage FX's 38 available pairs.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Swissquote alongside Vantage FX offer Meta Trader. 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. Both brokers offer clients access to the same number of charting tools, 31. Swissquote and Vantage FX offer the same number of indicators (eg, volume), 51.
Overall, Swissquote takes the upper hand with 4.00 stars over Vantage FX's 3.50 stars. And, when it comes to individual category awards, Swissquote posted awards Best in Class - Customer Service in 2018, while Vantage FX found itself with none of these.