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 Swissquote 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. Both Swissquote and Vantage FX share a rating of 3.50 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. Swissquote and Vantage FX both are regulated in a major hub. Swissquote is a publicly traded company, Vantage FX isn't. How many currency pairs are available to trade? Swissquote offers its clients access to 78 different currency pairs while Vantage FX has 38 available pairs, a difference of 40.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Swissquote and Vantage FX both offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Both Swissquote and Vantage FX provide clients with access to 31 total charting tools. Both Swissquote and Vantage FX provide clients with access to 51 total indicators (eg, moving averages).
Overall, Swissquote comes out on top with 4.00 stars over Vantage FX's 3.50 stars. And, when it comes to individual category awards, Swissquote finished with awards Best in Class - Customer Service in 2018, while Vantage FX came up with none of these.