Written by ForexBrokers.com
In this head to head comparison of Swissquote vs FP Markets, 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 Swissquote and FP Markets, it's clear that Swissquote offers a more established presence, having been founded in 1996, nearly a decade before FP Markets in 2005. Swissquote's status as a publicly traded entity and its operation as a bank contribute to its high standing in the industry. Swissquote boasts an impressive ForexBrokers.com Trust Score of 99, indicating a highly trusted broker, supported by its possession of 5 Tier-1 licenses and 1 Tier-2 license. This level of regulation ensures clients benefit from substantial protections and assurances.
In contrast, FP Markets, while also reputable with a ForexBrokers.com Trust Score of 89, does not operate as a publicly traded company or bank, and holds 2 Tier-1 licenses alongside 1 Tier-2 license. While FP Markets is categorized as a trusted broker, Swissquote's additional regulatory credentials and financial transparency provide an edge, making it a preferred choice for those prioritizing security and oversight in their online trading activities.
| Feature |
Swissquote
|
FP Markets
|
|---|---|---|
| Year Founded | 1996 | 2005 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing Swissquote to FP Markets in terms of commissions and fees, there are notable differences that traders should consider. Swissquote, backed by a reputable Swiss banking conglomerate, charges a premium for its services, which may not appeal to those looking for the lowest trading costs. Spreads vary significantly across its different branches, with the U.K. entity offering slightly lower costs compared to its Switzerland and Luxembourg branches. Swissquote provides a range of account types, with its Elite account offering competitive spreads but requiring a $10,000 deposit. However, standard account options might not be as appealing, with minimum spreads starting at 1.3 pips for EUR/USD transactions. Swissquote garners a 3.5-star rating for commissions and fees and ranks 52nd out of 62 brokers in this category.
FP Markets, on the other hand, is known for its highly competitive pricing, particularly through its commission-based Raw ECN account offered on both MetaTrader and cTrader platforms. This account boasts low average spreads of 0.1 pips for EUR/USD, with a flat-rate commission that results in an all-in spread of 0.8 pips. FP Markets has earned accolades, including a Best in Class honor for Commissions and Fees in 2024, and it holds a strong 5-star rating. Standard accounts typically have higher spreads, but the overall pricing remains attractive, especially for those seeking value. FP Markets is ranked 6th out of 62 brokers by ForexBrokers.com for commissions and fees, reflecting its strong position in the market.
While Swissquote offers the prestige of a Swiss banking institution and multiple account options, traders focused on cost-efficiency may find FP Markets to be the more appealing choice. FP Markets provides direct market access and competitive rates, though its Iress ViewPoint platform might be better suited for those with high-balance accounts. Traders should weigh the benefits of Swissquote's banking heritage against FP Markets' cost-effective trading environment to determine the best fit for their investment strategies.
| Feature |
Swissquote
|
FP Markets
|
|---|---|---|
| Minimum Deposit | $1000 | $100 AUD |
| Average Spread EUR/USD - Standard | N/A | 1.2 |
| All-in Cost EUR/USD - Active | N/A | 0.7 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| 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 examining the range of investments offered by Swissquote and FP Markets, both platforms present unique strengths tailored to different investor needs. Swissquote provides a broad selection of assets with 472 tradeable symbols, including 80 forex pairs. Notably, it allows clients to access exchange-traded securities on both U.S. and international exchanges, offering the opportunity to buy real stocks like Apple and Vodafone. Additionally, Swissquote stands out by enabling the purchase of actual cryptocurrencies alongside CFDs for crypto trading. Its comprehensive offerings earn it a strong rating of 5 stars in the range of investments, placing it second among 62 brokers according to ForexBrokers.com.
FP Markets, on the other hand, impresses with a vast selection of over 10,000 tradeable symbols, although its focus remains more on forex trading with 71 pairs available. While it doesn’t offer direct access to U.S. or international exchange-traded securities, FP Markets does support crypto trading through derivatives. It also includes features like copy trading, making it attractive for diverse trading strategies. Rated 4.5 stars for its investment range, FP Markets holds the 18th spot in the category rankings by ForexBrokers.com, solidifying its reputation as a formidable online broker for forex and derivatives trading.
| Feature |
Swissquote
|
FP Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 10000 |
| Forex Pairs (Total) | 80 | 71 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | No |
| 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.
Swissquote and FP Markets both provide extensive platforms and tools for online trading, making them worthy contenders for traders looking for variety and flexibility. Both brokers offer simulated trading through free virtual demo accounts and have developed proprietary platforms. Additionally, they support a wide range of platforms, including Windows-based desktop downloads and web-based trading, giving users the flexibility to trade seamlessly across different devices. They also empower traders with the popular MetaTrader 4 and MetaTrader 5 platforms. While neither broker supports DupliTrade or ZuluTrade, both incorporate capabilities for copy trading, allowing users to explore different trading strategies through more traditional means.
In terms of specific features, Swissquote stands out with an impressive 75 drawing tools for charting, significantly more than FP Markets' 17. For traders who depend on detailed watch lists, Swissquote offers 11 columns for watch list organization compared to FP Markets' 7. Both brokers allow users to trade directly from stock charts, streamlining the process. According to ForexBrokers.com, Swissquote’s trading platforms and tools have received a higher rating of 4.5 stars compared to FP Markets' 4 stars, and Swissquote is ranked 11th among 62 brokers, whereas FP Markets is positioned at 23rd. These differences make Swissquote the preferred choice for traders prioritizing comprehensive charting tools and trading platform efficiency.
| Feature |
Swissquote
|
FP Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 86 | 30 |
| Charting - Drawing Tools (Total) | 75 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing mobile trading apps from Swissquote and FP Markets, both brokers offer apps for iPhone and Android devices, ensuring accessibility for all users. They both support stock and forex price alerts, allowing traders to stay updated on market movements. However, neither app offers watchlist symbol syncing, which means any watchlist modifications will not automatically update across both mobile and online platforms. For technical analysis enthusiasts, Swissquote provides 30 technical studies, whereas FP Markets relies on the default tools available in the MetaTrader app.
Both Swissquote and FP Markets allow users to draw trendlines and view different time frames on charts, supporting daily, weekly, and intraday views. Additionally, the apps automatically save chart drawings, facilitating seamless analysis continuation. Users can create watchlists with real-time quotes in both apps. In terms of ratings, Swissquote slightly edges ahead with 4.5 stars and is ranked 10th out of 62 brokers for mobile trading apps by ForexBrokers.com. FP Markets follows with a rating of 4 stars and an 18th place ranking. This comparison highlights Swissquote's slight advantage in features and overall user satisfaction for mobile trading.
| Feature |
Swissquote
|
FP Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | MetaTrader (Default) |
| 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.
Both Swissquote and FP Markets provide daily market commentary, ensuring their users stay informed with timely insights. Each platform delivers forex news sourced from esteemed names like Bloomberg and Reuters, adding a layer of reliability to the information provided. When it comes to analytical tools, both brokers incorporate Autochartist technology to assist traders in their technical and fundamental research tasks. However, FP Markets stands out by offering additional technical analysis tools from Trading Central, enhancing users' research capabilities. FP Markets also provides a sentiment analysis tool, displaying trends on long and short positions, which Swissquote does not offer.
Neither Swissquote nor FP Markets incorporates research tools from TipRanks or Acuity Trading, maintaining a common ground in this aspect. Both have economic calendars to keep traders updated on global news events. In terms of ratings, Swissquote and FP Markets each receive four stars for research quality, but Swissquote is ranked higher at 16 out of 62 brokers by ForexBrokers.com, compared to FP Markets, which ranks at 25. This comparison highlights the strengths and distinctions between the two, helping potential users choose the broker most aligned with their research needs.
| Feature |
Swissquote
|
FP Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources for beginners provided by Swissquote and FP Markets, both online brokers shine with extensive offerings. Each platform provides more than ten educational pieces, including articles, videos, and webinars focused on forex and CFDs, giving novices a solid foundation. Additionally, both brokers host monthly online webinars and maintain searchable archives of past sessions. This setup makes learning accessible at any time, ensuring users can reinforce their understanding whenever needed.
For those exploring the basics, both Swissquote and FP Markets offer a wealth of beginner-friendly trading videos. They also support advanced traders with a collection of more sophisticated educational content. Each broker provides an investor dictionary with definitions for over 50 investing terms, aiding users in mastering the necessary jargon. With both rated 4 stars for their educational content, Swissquote barely edges FP Markets in rankings, coming in at #21 against FP Markets’ #23 as per ForexBrokers.com. This slight difference showcases how competitive their educational offerings truly are.
| Feature |
Swissquote
|
FP Markets
|
|---|---|---|
| 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 Swissquote is better than FP Markets. Swissquote finished with an overall rank of #11, while FP Markets finished with an overall rank of #19.
Traders choose Swissquote for its quality research and vast multi-asset offering – as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank.
| Feature |
Swissquote
|
FP Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 89 |
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In comparing online brokers Swissquote and FP Markets, Swissquote stands out by offering the ability to purchase actual delivered cryptocurrency, a feature that FP Markets does not provide, while both platforms offer the option to buy cryptocurrency derivatives.
When comparing online brokers Swissquote and FP Markets, Swissquote offers both ACH and SEPA transfers, unlike FP Markets which does not provide these options, while both brokers support PayPal, Skrill, Visa, Mastercard, and bank wire transfers for depositing or withdrawing account funds.
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 | Swissquote | FP Markets | |
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| Trust Score | 99 | 89 | |
| Winner | check_circle | ||
| Review | Swissquote Review | FP Markets Review |
| Broker Screenshots | Swissquote | FP Markets | |
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| Regulation | Swissquote | FP Markets | |
|---|---|---|---|
| Trust Score | 99 | 89 | |
| Year Founded | 1996 | 2005 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | FP Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| 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) | Swissquote | FP Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Swissquote | FP Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 10000 | |
| Forex Pairs (Total) | 80 | 71 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| 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 | Swissquote | FP Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | 0.7 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Swissquote | FP Markets | |
|---|---|---|---|
| Minimum Deposit | $1000 | $100 AUD | |
| 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 | No |
| Trading Platforms | Swissquote | FP Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Swissquote | FP Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 7 | |
| Charting - Indicators / Studies (Total) | 86 | 30 | |
| Charting - Drawing Tools (Total) | 75 | 17 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | FP Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | MetaTrader (Default) | |
| 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 | Swissquote | FP Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | FP Markets | |
|---|---|---|---|
| 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 | Swissquote | FP Markets | |
|---|---|---|---|
| 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 | Swissquote Review | FP Markets Review |
| Overall | Swissquote | FP Markets | |
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| Trust Score | 99 | 89 | |
| Winner | check_circle | ||
| Review | Swissquote Review | FP Markets Review |
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