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.
When comparing online brokers eToro and Swissquote, it's essential to look at their regulatory standings and trust scores. eToro, founded in 2007, is not publicly traded nor a bank, which sets it apart from Swissquote, established in 1996. Swissquote is publicly traded and functions as a bank, giving it additional credibility in the financial world. On the trustworthiness scale from ForexBrokers.com, eToro boasts a high Trust Score of 93, while Swissquote achieves a perfect score of 99, indicating a stronger level of trust.
In terms of regulatory licenses, both brokers hold Tier-1 licenses, which are highly regarded by ForexBrokers.com, suggesting they offer solid security and compliance with financial regulations. eToro has three Tier-1 licenses, complemented by one Tier-2 license, which is considered trusted. On the other hand, Swissquote holds five Tier-1 licenses and two Tier-2 licenses, further emphasizing its strong regulatory framework compared to eToro. This makes Swissquote a more reliable choice for those prioritizing regulatory assurance in their broker selection.
| Feature |
eToro
|
Swissquote
|
|---|---|---|
| Year Founded | 2007 | 1996 |
| Publicly Traded (Listed) | No | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 3 | 5 |
| Tier-2 Licenses | 1 | 2 |
| 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.
When considering online trading brokers, both eToro and Swissquote offer user-friendly trading platforms with a variety of tools for traders. eToro provides a proprietary, web-based platform that excels in social and copy trading, allowing users to follow and replicate the strategies of successful traders. With access to a free virtual demo account, eToro is suitable for traders looking to practice their skills. Although it lacks a desktop platform and support for MetaTrader 4 (MT4) or MetaTrader 5 (MT5), it compensates with a generous selection of 161 drawing tools for charting and a well-rated trading experience of 4.5 stars.
On the other hand, Swissquote provides a more comprehensive trading suite, combining its proprietary platform with the functionality of both MT4 and MT5 for Windows-based desktop usage. Like eToro, Swissquote also offers a web-based platform and a demo account, making it accessible for traders new and experienced alike. With 11 columns for watch lists and the unique ability to trade directly from stock charts, Swissquote stands out as a feature-rich option although lacking in the number of drawing tools compared to eToro. Swissquote matches eToro with a 4.5-star rating in Trading Platforms and Tools, coming in slightly behind in ForexBrokers.com rankings at #12 compared to eToro's #8 position.
| 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 exceptional mobile trading apps compatible with iPhone and Android devices. Users of either app can receive stock and forex price alerts, as well as create watchlists with real-time quotes. A notable advantage of eToro is that it allows seamless syncing of watchlists between the mobile app and online account, providing a more integrated user experience compared to Swissquote. When it comes to charting capabilities, eToro offers a wider array of 104 technical studies, while Swissquote provides 30. However, Swissquote shines in chart drawing functions, allowing users to draw trendlines and auto-save their drawings, which eToro lacks.
Both platforms support viewing stock and forex charts in multiple time frames, catering to various trading strategies. They have each garnered strong user feedback with a rating of 4.5 stars for their mobile trading apps. In rankings by ForexBrokers.com, eToro takes a slight lead, positioned at #10, just ahead of Swissquote at #11 among 62 brokers. With these features and ratings, both eToro and Swissquote stand out as top contenders for traders seeking a mobile trading app, with unique strengths that may sway users depending on their priorities, such as charting tools and watchlist management.
| 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 |
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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 | 2 | |
| 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 | Yes | |
| 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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