Written by ForexBrokers.com
In this head to head comparison of Swissquote vs FXOpen, 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 FXOpen, it's evident that Swissquote stands out in terms of trust and regulatory standing. Founded in 1996, Swissquote is not just a broker but also a bank, and it is even publicly traded. This level of transparency contributes to its highest possible Trust Score rating of 99 according to ForexBrokers.com, indicating a high level of trust. Swissquote's extensive regulatory compliance is reflected in its possession of 5 Tier-1 licenses and 2 Tier-2 licenses, which mark it as a highly trusted institution.
On the other hand, FXOpen, founded in 2003, is not publicly traded nor a bank. It possesses a Trust Score of 76, indicating average risk. While it holds 2 Tier-1 licenses, it lacks any Tier-2 licenses, highlighting a more limited regulatory footprint compared to Swissquote. This difference in regulatory credentials and public transparency may influence investor confidence and the perception of trustworthiness between the two firms.
| Feature |
Swissquote
|
FXOpen
|
|---|---|---|
| Year Founded | 1996 | 2003 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 2 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When comparing the commission and fee structures of Swissquote and FXOpen, Swissquote stands as a reputable choice due to its Swiss banking heritage, albeit at a somewhat higher cost. With a rating of 3.5 stars, Swissquote ranks 52nd out of 62 brokers according to ForexBrokers.com for its commissions and fees. Swissquote offers different pricing across its UK, Luxembourg, and Switzerland entities, with the UK accounts providing lower costs for traders. Active traders with a minimum deposit of $10,000 can opt for the Elite account with more favorable spreads starting from 0.6 pips, carrying a $5 fee per round-turn trade.
In contrast, FXOpen garners a higher rating of 4 stars and is ranked 45th for commissions and fees. FXOpen's fee structure is reportedly more competitive than Swissquote’s, but specific spread data hasn't been disclosed. The broker is recognized as a low-cost forex trading option, which elevates its position compared to Swissquote, making it potentially more appealing for budget-conscious traders.
Ultimately, while Swissquote offers the prestige of a Swiss account, FXOpen may provide a more cost-effective trading experience due to its favorable ranking and higher star rating, making it the better choice in terms of commissions and fees for many traders, especially those placing high value on minimizing costs. However, prospective users should evaluate both offerings based on their individual trading needs and deposit capabilities.
| Feature |
Swissquote
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $1000 | $100 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| 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 Swissquote and FXOpen in terms of investment options, Swissquote clearly stands out with a much wider range of opportunities for its clients. Swissquote offers forex trading both in CFD and spot contract formats and provides access to 472 tradeable symbols, including 80 forex pairs. In contrast, FXOpen, while also offering forex trading as CFDs or spot contracts, has a total of just 87 tradeable symbols, including 25 forex pairs. Moreover, Swissquote caters to investors interested in exchange-traded securities, allowing purchases on both U.S. and international exchanges, such as Apple shares on NASDAQ and Vodafone shares on the London Stock Exchange. FXOpen, however, does not offer exchange-traded securities on these platforms.
Swissquote also offers copy trading and the ability to buy actual (delivered) cryptocurrency, alongside cryptocurrency derivatives. Meanwhile, FXOpen provides the possibility to trade cryptocurrency derivatives but does not support the purchasing of actual cryptocurrencies. Reflecting these differences in investment range, Swissquote is highly rated with five stars for its investment options and is ranked #2 out of 62 brokers by ForexBrokers.com. On the other hand, FXOpen receives a more modest three-star rating and holds the #61 position in the same category. This stark contrast highlights Swissquote's broader and more versatile investment offerings compared to FXOpen.
| Feature |
Swissquote
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 87 |
| Forex Pairs (Total) | 80 | 25 |
| 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing the online brokers Swissquote and FXOpen in terms of their trading platforms and tools, both providers cater to diverse trading needs with certain distinctions. Both offer simulated trading through free virtual demo accounts, providing a risk-free environment for practice. Swissquote boasts its own proprietary platform developed in-house, whereas FXOpen does not. Both platforms support MetaTrader 4 and MetaTrader 5, making them compatible with popular industry standards. Additionally, both provide Windows-based desktop platforms and web-based trading options. Notably, Swissquote allows for copy trading and supports trading directly from stock charts, just like FXOpen. However, FXOpen exclusively offers ZuluTrade for social trading enthusiasts, adding a different layer of connectivity.
In terms of charting capabilities, Swissquote takes the lead with an impressive array of 75 drawing tools compared to FXOpen's 15. For managing your investments, Swissquote offers more customization options with 11 fields available for watch lists, surpassing FXOpen's 7. Swissquote emerges with a higher rating of 4.5 stars out of five for their trading platforms and tools, compared to FXOpen's 4 stars. Furthermore, Swissquote ranks significantly higher on ForexBrokers.com, coming in at #12 out of 62 brokers, whereas FXOpen is at #53. This positions Swissquote as a slightly more refined choice for those prioritizing advanced tools and platform functionality.
| Feature |
Swissquote
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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 | Yes |
| Charting - Indicators / Studies (Total) | 86 | 30 |
| Charting - Drawing Tools (Total) | 75 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Swissquote and FXOpen offer impressive mobile trading apps compatible with iPhone and Android devices. They provide essential features like stock and forex price alerts and the ability to create real-time watchlists. Traders can enjoy 30 technical studies for charting and draw trendlines on stock or forex charts. Additionally, both apps allow users to view multiple time frames, such as daily, weekly, or intraday, enhancing flexibility for on-the-go analysis.
Despite these similarities, Swissquote slightly outperforms FXOpen in certain areas. Swissquote's app synchronizes drawing tools, automatically saving users' chart annotations, a convenience FXOpen's app lacks. Moreover, when it comes to overall user satisfaction, Swissquote earns a commendable 4.5-star rating compared to FXOpen's 4-star score. Ranking among 62 brokers worldwide, Swissquote is positioned at an impressive #11, while FXOpen holds the 54th spot, demonstrating Swissquote's slightly higher user approval and advanced functionality.
| Feature |
Swissquote
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, Swissquote and FXOpen both provide daily market commentary along with forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones. However, Swissquote takes the lead by offering advanced technical analysis tools through Autochartist, which FXOpen lacks. While neither broker includes tools from Trading Central or sentiment-based trading insights, both provide access to comprehensive economic calendars for tracking global news events.
Swissquote's focus on equipping traders with more advanced research tools is reflected in its higher research rating of 4 stars and a commendable ranking of 16 out of 62 brokers, according to ForexBrokers.com. In contrast, FXOpen, with a 3-star rating, falls to the last position, ranked 62 in the same category. This distinction highlights Swissquote's stronger emphasis on supporting users with various research tools, enhancing its appeal for those looking for more in-depth market analysis resources.
| Feature |
Swissquote
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | 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, Swissquote stands out with a rich offering, making it an attractive option for those new to trading. Swissquote provides a minimum of ten educational pieces focused on forex and CFDs, along with monthly online educational webinars to engage clients actively. For those who prefer learning at their own pace, Swissquote offers a searchable archive of previously recorded webinars, making it easy to revisit past sessions. Beginners have access to more than ten educational videos covering essential trading topics. In addition to beginner content, Swissquote also caters to advanced traders with educational videos suitable for experienced audiences. An investor dictionary with over 50 investing terms helps users to quickly get familiar with trading jargon. With a commendable rating of 4 stars for education, it ranks #21 out of 62 brokers.
In contrast, FXOpen's educational offerings are more limited. It currently does not provide the minimum of ten educational pieces on forex and CFDs or conduct monthly educational webinars, and there's no searchable archive of recorded webinars to consult. FXOpen also lacks in providing an array of beginner-focused educational videos, as well as videos for advanced traders. However, they do offer an investor dictionary with over 50 investing terms for users looking to understand key concepts. With a 3-star rating for its educational offerings, FXOpen is ranked at #58 out of 62 brokers in this category. For beginners prioritizing educational resources, Swissquote generally presents more diverse and accessible options compared to FXOpen.
| Feature |
Swissquote
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| 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 FXOpen. Swissquote finished with an overall rank of #11, while FXOpen finished with an overall rank of #54.
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
|
FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 76 |
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Swissquote offers investors the option to purchase actual delivered cryptocurrency, in addition to cryptocurrency derivatives, while FXOpen provides access only to cryptocurrency derivatives without the capability to buy actual cryptocurrency.
When comparing online brokers Swissquote and FXOpen, Swissquote supports ACH, SEPA, PayPal, Skrill, Visa, Mastercard, and bank wire transfers for deposits and withdrawals, while FXOpen offers Skrill, Visa, Mastercard, and bank wire transfers, but lacks ACH, SEPA, and PayPal options.
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 | FXOpen | |
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| Trust Score | 99 | 76 | |
| Winner | check_circle | ||
| Review | Swissquote Review |
| Broker Screenshots | Swissquote | FXOpen | |
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| Regulation | Swissquote | FXOpen | |
|---|---|---|---|
| Trust Score | 99 | 76 | |
| Year Founded | 1996 | 2003 | |
| 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 | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| 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 | 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) | Swissquote | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Swissquote | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 87 | |
| Forex Pairs (Total) | 80 | 25 | |
| 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). |
| Cost | Swissquote | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 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 | Swissquote | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $1000 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| 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 | FXOpen | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Swissquote | FXOpen | |
|---|---|---|---|
| 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 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | FXOpen | |
|---|---|---|---|
| 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 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Swissquote | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Swissquote | FXOpen | |
|---|---|---|---|
| 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 |
| Overall | Swissquote | FXOpen | |
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| Trust Score | 99 | 76 | |
| Winner | check_circle | ||
| Review | Swissquote Review |
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