Written by ForexBrokers.com
In this head to head comparison of FOREX.com 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 FOREX.com and Swissquote, both of these online brokers enjoy high levels of trust within the financial industry with a ForexBrokers.com Trust Score of 99 out of 99. FOREX.com, established in 1999, and Swissquote, founded in 1996, are both publicly traded companies. However, a key distinction is that Swissquote operates as a bank, while FOREX.com does not. This difference may appeal to users looking for banking services alongside trading capabilities.
In terms of regulatory oversight, FOREX.com holds a slight edge with seven Tier-1 licenses, which are highly trusted, and one Tier-2 license. On the other hand, Swissquote maintains a strong presence with five Tier-1 licenses and one Tier-2 license. Both brokers are well-regulated, underlining their commitment to secure trading environments, but FOREX.com boasts a broader range of Tier-1 licenses to support its operations globally.
| Feature |
FOREX.com
|
Swissquote
|
|---|---|---|
| Year Founded | 1999 | 1996 |
| Publicly Traded (Listed) | Yes | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 7 | 5 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing FOREX.com and Swissquote for their commissions and fees, FOREX.com offers multiple account types with diverse execution methods. Its Standard account, available for MetaTrader clients, features average spreads of 1.4 pips in the U.S. on the EUR/USD, which is above the industry average. For sophisticated traders, FOREX.com's RAW account provides lower spreads of 0.13 pips, however, it comes with a commission per trade. In the U.S., unless trading over $50 million monthly, the costs for the Commission account are similar to the Standard account. FOREX.com is rated 4.5 stars for commissions and fees and ranks #13 out of 62 brokers in the Commissions and Fees category, making it a strong competitor for active traders seeking market maker execution.
Swissquote, on the other hand, is favored for its association with Swiss banking, though this comes with higher costs. It offers account variations based on location, with its U.K. accounts generally having lower trading costs and deposit requirements than those from Switzerland and Luxembourg. The Elite account in Swissquote U.K., with a $5 charge per round-turn trade, provides better value to active traders. Its spreads start at 1.3 pips for the Standard account, with minimum spreads of 0.6 pips in the Prime account. The Swiss branch requires a notable deposit for more competitive spreads, which are still above the industry average. Swissquote has a 3.5-star rating for commissions and fees and ranks #52 out of 62 brokers, reflecting its premium cost structure over value.
In essence, FOREX.com provides competitive offerings for high-volume traders, particularly outside the U.S., while Swissquote may appeal to those who value the security of a Swiss bank but are willing to tolerate slightly higher trading costs. FOREX.com is a better choice for those prioritizing competitive rates and account options, as evidenced by its superior ranking and rating in the commissions and fees category compared to Swissquote.
| Feature |
FOREX.com
|
Swissquote
|
|---|---|---|
| Minimum Deposit | $100 | $1000 |
| Average Spread EUR/USD - Standard | 1.4 | N/A |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the variety of investments available at FOREX.com and Swissquote, each platform offers distinct strengths. FOREX.com allows users to engage in forex trading through CFDs and spot contracts, with an impressive 5,500 tradeable symbols, including 91 forex pairs. However, it does not offer exchange-traded securities on U.S. or international exchanges. In contrast, Swissquote also provides forex trading through CFDs and spot contracts but features 472 tradeable symbols, including 80 forex pairs. Notably, Swissquote supports exchange-traded securities on both U.S. and international exchanges, allowing investors to purchase notable stocks like Apple and Vodafone.
Swissquote further distinguishes itself by offering copy trading and the option to buy actual cryptocurrencies, whereas FOREX.com does not provide these features. Both platforms allow trading in cryptocurrency derivatives. Though both receive top ratings of five stars for their range of investments, Swissquote ranks higher at number two out of 62 brokers on ForexBrokers.com, compared to FOREX.com's ranking of number seven. This suggests that while FOREX.com excels in sheer quantity, Swissquote offers a more diversified range of investment opportunities.
| Feature |
FOREX.com
|
Swissquote
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 472 |
| Forex Pairs (Total) | 91 | 80 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | 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.
FOREX.com and Swissquote both offer traders a variety of platforms and tools to enhance their trading experience. Both brokers provide simulated trading with free virtual demo accounts, allowing users to practice their strategies risk-free. They each have their own proprietary platforms as well as options for a Windows-based desktop download and web-based trading. For popular software, both platforms offer support for MetaTrader 4 and MetaTrader 5. However, a significant difference is in copy trading, which is available with Swissquote but not with FOREX.com. Neither broker supports DupliTrade or ZuluTrade. When it comes to charting, FOREX.com impresses with 239 drawing tools compared to Swissquote's 75, and both allow trading directly from stock charts.
FOREX.com and Swissquote both provide comprehensive watch list features, though FOREX.com offers more customization with 20 columns compared to Swissquote's 11. In terms of ratings, FOREX.com is rated 5 stars for its trading platforms and tools, ranking at #7 out of 62 brokers on ForexBrokers.com. In contrast, Swissquote, although strong, trails slightly with a 4.5-star rating and an #11 rank in the same category. These distinctions reflect FOREX.com's edge in the trading platform and tools category, making it a go-to choice for those who prioritize these aspects in their trading endeavors.
| Feature |
FOREX.com
|
Swissquote
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 88 | 86 |
| Charting - Drawing Tools (Total) | 239 | 75 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 20 | 11 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both FOREX.com and Swissquote offer comprehensive experiences for iPhone and Android users. They both allow traders to set up stock or forex price alerts and give the ability to draw trendlines on charts. You can view multiple time frames for stock or forex charts, and both apps save chart drawings automatically. However, the experiences start to differ with features like watchlist symbol syncing, where FOREX.com excels by syncing changes between the app and online account, a feature that Swissquote does not offer.
FOREX.com further extends its lead with 88 technical studies available for chart analysis compared to Swissquote's 30 studies. Both apps allow you to create watchlists with real-time quotes. Ranking as the third top mobile trading app out of 62 brokers by ForexBrokers.com, FOREX.com provides a top-rated experience with a 5-star rating. Swissquote, while still strong at 4.5 stars and ranking tenth, slightly falls short in comparison to its competitor. Overall, if technical analysis and seamless syncing between devices are important to you, FOREX.com's mobile app might be the better choice.
| Feature |
FOREX.com
|
Swissquote
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of FOREX.com and Swissquote, both platforms provide a solid foundation for keeping up with forex trends through daily market commentary and access to news from leading sources such as Bloomberg and Reuters. However, they differ in their approach to research tools. Swissquote integrates Autochartist, providing excellent technical and fundamental analysis resources, whereas FOREX.com opts for Trading Central, known for its technical analytics, alongside offering a sentiment-based trading tool to gauge market positions. Both platforms include access to an economic calendar that helps users stay informed about global economic events.
For those prioritizing market research, these differences lead FOREX.com to receive a higher user rating, with 4.5 stars compared to Swissquote's 4 stars. This advantage reflects in their respective rankings, as ForexBrokers.com places FOREX.com at ninth out of 62 brokers for research offerings, while Swissquote comes in at sixteenth. Both brokers offer strong research capabilities, but the choice between them may come down to specific tool preferences and the unique advantages each platform provides.
| Feature |
FOREX.com
|
Swissquote
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When choosing a broker to begin your forex or CFD journey, understanding the educational resources available can make a significant difference. Both FOREX.com and Swissquote provide a comprehensive range of educational materials for beginners. They each offer more than 10 educational pieces, including articles, videos, and archived webinars on forex and CFDs. Additionally, both brokers host at least one online educational webinar per month, ensuring that beginners have regular opportunities to expand their knowledge. These webinars are also archived and searchable, allowing learners to revisit and reinforce their understanding at any time.
Furthermore, for those just starting out, FOREX.com and Swissquote each offer a collection of beginner-focused videos, as well as advanced educational videos for more experienced traders. Both platforms also provide a dictionary with definitions of over 50 investing terms, making complex
| Feature |
FOREX.com
|
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 FOREX.com is better than Swissquote. FOREX.com finished with an overall rank of #5, while Swissquote finished with an overall rank of #11.
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
| Feature |
FOREX.com
|
Swissquote
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 99 |
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While FOREX.com allows trading of cryptocurrency derivatives but does not offer the option to buy actual, delivered cryptocurrencies, Swissquote provides both the ability to purchase actual cryptocurrencies and trade in cryptocurrency derivatives.
Both FOREX.com and Swissquote provide multiple options for depositing and withdrawing account funds, including ACH or SEPA transfers, PayPal, and Visa or Mastercard, but Swissquote additionally supports Skrill, while both brokers also accept bank wires.
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 | FOREX.com | Swissquote | |
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| Trust Score | 99 | 99 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | Swissquote Review |
| Broker Screenshots | FOREX.com | Swissquote | |
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| Regulation | FOREX.com | Swissquote | |
|---|---|---|---|
| Trust Score | 99 | 99 | |
| Year Founded | 1999 | 1996 | |
| Publicly Traded (Listed) | Yes | Yes | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 5 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | FOREX.com | Swissquote | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | Yes | |
| Switzerland (FINMA Authorised) | No | Yes | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FOREX.com | Swissquote | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FOREX.com | Swissquote | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 472 | |
| Forex Pairs (Total) | 91 | 80 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | 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 | FOREX.com | Swissquote | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | N/A | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FOREX.com | Swissquote | |
|---|---|---|---|
| Minimum Deposit | $100 | $1000 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | FOREX.com | Swissquote | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FOREX.com | Swissquote | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 20 | 11 | |
| Charting - Indicators / Studies (Total) | 88 | 86 | |
| Charting - Drawing Tools (Total) | 239 | 75 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FOREX.com | 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 | 88 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FOREX.com | Swissquote | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FOREX.com | 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 | FOREX.com | 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 | FOREX.com Review | Swissquote Review |
| Overall | FOREX.com | Swissquote | |
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| Trust Score | 99 | 99 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | Swissquote Review |
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