Written by ForexBrokers.com
In this head to head comparison of eToro vs Swissquote, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
eToro, founded in 2007, is a well-established online broker but isn't publicly traded or a bank. It holds 3 Tier-1 licenses, which are highly trusted, and 1 Tier-2 license, reflecting its solid regulatory standing. This contributes to a Trust Score of 93 out of 99 from ForexBrokers.com, classifying eToro as highly trusted. This score signifies that eToro is a safe choice for anyone interested in trading online, despite not being listed on a stock exchange.
Swissquote, on the other hand, was founded in 1996 and stands out as a public company and a bank, offering an added layer of security and reliability. It boasts 5 Tier-1 licenses, 1 Tier-2 license, and a perfect Trust Score of 99 from ForexBrokers.com, marking it as one of the most trusted brokers available. This high level of trust and its status as a bank make Swissquote an appealing option for those seeking a highly regulated platform.
| Feature |
eToro
|
Swissquote
|
|---|---|---|
| Year Founded | 2007 | 1996 |
| Publicly Traded (Listed) | No | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 3 | 5 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing eToro and Swissquote in terms of commissions and fees, eToro emerges as a favored choice for those seeking a social copy trading platform, despite its slightly higher-than-average spread of 1 pip on the EUR/USD. While eToro's trading fees are not the main attraction for retail traders, the broker's value shines through its innovative social trading features. Additionally, eToro offers a VIP Club with five tiers, ranging from Silver to Diamond, designed for traders maintaining balances between $5,000 and $250,000. These tiers come with benefits such as access to Trading Central, discounted fees, and a dedicated account manager. eToro rates 4.5 out of 5 stars for commissions and fees and ranks #22 out of 62 brokers according to ForexBrokers.com.
On the other hand, Swissquote distinguishes itself as a Swiss banking conglomerate, albeit at a slightly higher cost. Its U.K. entity, Swissquote Ltd, offers more competitive pricing with four account options, where the Elite account is the most cost-effective for active traders with a $10,000 deposit, offering lower spreads and a $5 commission per trade. The Luxembourg branch also features three accounts, with minimum spreads from 0.8 to 1.5 pips, aligning closely with U.K. pricing. Meanwhile, in Switzerland, Swissquote presents three forex account options with spreads starting at 1.7 pips on the EUR/USD for the Standard account. Though custom pricing is available based on trading volume, Swissquote does not publish specific tiers. Swissquote earns a 3.5-star rating for commissions and fees and ranks #52 out of 62 brokers according to ForexBrokers.com.
In summary, eToro is better suited for those prioritizing social trading features, while Swissquote appeals to those who value its reputation as a banking institution. Despite Swissquote not having the most competitive trading costs, it remains a viable option for those who prefer a strong Swiss financial backing, though traders must be mindful of varying fees based on the specific branch and account selection.
| Feature |
eToro
|
Swissquote
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $1000 |
| Average Spread EUR/USD - Standard | 1 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments offered by eToro and Swissquote, both platforms excel in providing diverse options for traders. eToro has an impressive selection with 5,461 tradable symbols, including 55 forex pairs. In contrast, Swissquote offers 472 tradable symbols but surpasses eToro in forex offerings with 80 pairs. Both brokers allow users to trade forex as CFDs or spot contracts and provide access to exchange-traded securities on U.S. and international exchanges, like Apple and Vodafone shares. Additionally, eToro and Swissquote enable investors to engage in copy trading and offer both actual and derivative cryptocurrency purchases.
Despite their similarities in breadth of offerings, eToro and Swissquote have their distinct strengths. eToro has been lauded with a five-star rating for its range of investments, securing the 10th rank among 62 brokers according to ForexBrokers.com. On the other hand, Swissquote also boasts a five-star rating and is highly rated, achieving the 2nd position in the same category. Whether you're interested in a wide variety of symbols or a robust selection of forex pairs, both eToro and Swissquote offer comprehensive platforms to meet your trading needs.
| Feature |
eToro
|
Swissquote
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 472 |
| Forex Pairs (Total) | 55 | 80 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | Yes |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Both eToro and Swissquote cater to traders with their impressive range of platforms and tools. Each platform offers a free virtual demo account, enabling users to practice trades without financial risk. Both brokers also provide proprietary trading platforms, and while eToro offers a highly rated web-based experience, Swissquote complements its web platform with a Windows-based desktop option. For those interested in popular applications like MetaTrader, Swissquote has an edge, supporting both MetaTrader 4 and MetaTrader 5, whereas eToro does not offer these platforms. Copy trading is available through both brokers, adding an appealing feature for those who prefer to follow experienced traders.
Charting tools and watch lists differ notably between the two. eToro provides a broader selection of 161 drawing tools but lacks the ability to trade directly from a stock chart, a feature Swissquote offers along with a more extensive array of watch list columns. Despite these differences, both platforms have received high praise, with a rating of 4.5 stars out of five. In terms of rankings by ForexBrokers.com, eToro slightly edges out Swissquote, securing the 8th spot among 62 brokers for their trading platforms and tools, whereas Swissquote ranks 11th.
| Feature |
eToro
|
Swissquote
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 104 | 86 |
| Charting - Drawing Tools (Total) | 161 | 75 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 11 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both eToro and Swissquote provide mobile trading apps for iPhone and Android, catering to traders who need flexibility on the go. These apps allow users to receive stock and forex price alerts, ensuring they won't miss important market movements. eToro edges out in convenience with its watchlist symbol syncing, which keeps watchlists updated across both mobile and online platforms—a feature Swissquote lacks. Additionally, eToro impresses with its offering of 104 technical studies for charting, while Swissquote provides 30. On the other hand, Swissquote offers the ability to draw trend lines on charts and automatically saves drawings, which eToro's app does not support.
When it comes to viewing various time frames like daily, weekly, or intraday, both apps meet the mark by offering this feature. Additionally, both allow the creation of watchlists with real-time quotes, making it convenient for active monitoring. Despite these differences in features, both eToro and Swissquote receive an identical rating of 4.5 out of 5 stars for their mobile trading apps. When ranked among 62 brokers, Swissquote takes a slight lead, securing the #10 spot by ForexBrokers.com, while eToro ranks at #11. Whether the preference lies with customizable technical studies or trend line functionality may guide a trader's choice between these two capable platforms.
| Feature |
eToro
|
Swissquote
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing eToro and Swissquote for market research, both brokers offer daily market commentary and provide economic calendars to keep traders informed of global news events. However, eToro excels with its sentiment-based trading tool and offers research from TipRanks, adding depth to the information available to traders. Additionally, eToro partners with Trading Central for technical analysis, catering to traders who rely on analytics and sentiment analysis. Although eToro doesn't provide forex news from top-tier sources like Bloomberg or Reuters, it remains a strong contender with a research rating of 4.5 stars, ranking 13th out of 62 brokers, as reported by ForexBrokers.com.
Swissquote, on the other hand, distinguishes itself by offering top-tier forex news and access to Autochartist for technical and fundamental analysis, which is beneficial for traders seeking leading market insights. While it lacks a sentiment-based tool and TipRanks research, its offering is comprehensive enough to be independently valuable. Swissquote earns a 4-star research rating and holds the 16th rank for research among 62 brokers, signaling a strong alternative for those prioritizing quality news sources and technical tools in their trading arsenal.
| Feature |
eToro
|
Swissquote
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both eToro and Swissquote offer comprehensive options for those looking to delve into forex and CFD trading. Each platform provides over ten educational pieces focused on these topics, ranging from articles to videos and archived webinars. Both brokers also ensure clients have access to ongoing learning opportunities with at least one webinar every month and archives of these sessions for later reference. Additionally, each platform caters to novices with at least ten beginner videos covering essential trading concepts, alongside an investor dictionary featuring over fifty investing terms to aid in understanding market terminology.
While both eToro and Swissquote deliver advanced content with at least ten videos for seasoned traders, eToro tends to shine brighter in educational support. Rated 4.5 stars compared to Swissquote's 4 stars, eToro is well-regarded for its educational offerings, holding the 5th spot out of 62 brokers, according to ForexBrokers.com. On the other hand, Swissquote is ranked 21st in the same category, signaling strong yet slightly less competitive resources compared to eToro. For beginners eager to enhance their trading knowledge, both platforms provide solid educational tools, but eToro holds a slight edge in user ratings and rankings.
| Feature |
eToro
|
Swissquote
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that eToro is better than Swissquote. eToro finished with an overall rank of #9, while Swissquote finished with an overall rank of #11.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
|
Swissquote
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 99 |
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Both eToro and Swissquote provide the capability to purchase actual delivered cryptocurrencies as well as cryptocurrency derivatives (not the actual cryptocurrency), offering comprehensive options to traders in the digital currency market.
Both eToro and Swissquote provide a comprehensive range of deposit and withdrawal options, including ACH and SEPA transfers, PayPal, Skrill, Visa, Mastercard, and bank wires, making them flexible choices for online trading needs.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | eToro | Swissquote | |
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| Trust Score | 93 | 99 | |
| Winner | check_circle | ||
| Review | eToro Review | Swissquote Review |
| Broker Screenshots | eToro | Swissquote | |
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| Regulation | eToro | Swissquote | |
|---|---|---|---|
| Trust Score | 93 | 99 | |
| Year Founded | 2007 | 1996 | |
| Publicly Traded (Listed) | No | Yes | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 5 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | eToro | Swissquote | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | Yes | |
| Switzerland (FINMA Authorised) | No | Yes | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | eToro | Swissquote | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | eToro | Swissquote | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 472 | |
| Forex Pairs (Total) | 55 | 80 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | Yes | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | eToro | Swissquote | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | eToro | Swissquote | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $1000 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | eToro | Swissquote | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | eToro | Swissquote | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 11 | |
| Charting - Indicators / Studies (Total) | 104 | 86 | |
| Charting - Drawing Tools (Total) | 161 | 75 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | Swissquote | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 104 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | eToro | Swissquote | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | eToro | Swissquote | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | eToro | Swissquote | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | eToro Review | Swissquote Review |
| Overall | eToro | Swissquote | |
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| Trust Score | 93 | 99 | |
| Winner | check_circle | ||
| Review | eToro Review | Swissquote Review |
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