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.
Swissquote and FXOpen are two prominent players when it comes to online brokerage, but a closer look reveals significant differences in their credentials and trust ratings. Swissquote, established in 1996, is a publicly traded company and operates as a bank, which adds an extra layer of security and oversight for its users. It holds five Tier-1 licenses, the most trusted category, and one Tier-2 license, which is also considered trustworthy, leading to an impressive Trust Score of 99 out of 99 on ForexBrokers.com. This score reflects Swissquote's standing as a highly trusted broker in the industry.
On the other hand, FXOpen was founded in 2003 and is not listed on any stock exchange, nor is it a bank. It holds two Tier-1 licenses and lacks any Tier-2 licenses, landing it a Trust Score of 76 out of 99. This rating indicates an average risk level according to ForexBrokers.com. While FXOpen offers a competitive option within its capabilities, Swissquote clearly stands out as the more trusted and regulated choice between the two.
| Feature |
Swissquote
|
FXOpen
|
|---|---|---|
| Year Founded | 1996 | 2003 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 2 |
| Tier-2 Licenses | 1 | 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 Swissquote and FXOpen, both brokers cater to traders who are seeking versatile trading platforms and tools. Swissquote impresses with its proprietary platform alongside the availability of popular trading platforms like MetaTrader 4 and 5, as well as a web-based option. FXOpen has a strong offering as well, featuring both MetaTrader 4 and 5 and a browser-based platform, but it lacks a proprietary platform. Both brokers allow traders to explore with free virtual demo accounts and support copy trading functionalities. However, FXOpen sets itself apart by integrating with ZuluTrade, providing an edge for those interested in social trading.
Charting features show differences between the two, with Swissquote boasting 75 drawing tools compared to FXOpen's 15, offering traders more customization for technical analysis. Both platforms allow trading directly from charts, a valuable asset for active traders. Additionally, Swissquote provides 11 fields in watchlists versus FXOpen’s 7, offering more detailed monitoring of investments. Ratings and rankings reflect these differences, with Swissquote receiving 4.5 stars and an impressive 11th place ranking for Trading Platforms and Tools by ForexBrokers.com, while FXOpen garners 4 stars and ranks 53rd in the same category.
| 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 comprehensive mobile trading apps available on iPhone and Android devices. Traders using either app can set up alerts for stock or forex prices and have access to a variety of charting tools, including the ability to draw trendlines and switch between different time frames like daily or weekly. Each app boasts a range of 30 technical studies to enhance chart analysis, and users can create watchlists with real-time quotes. However, a key difference lies in chart annotation features—while Swissquote automatically saves any drawings made on stock or forex charts, FXOpen does not provide this functionality. Additionally, neither app supports the syncing of watchlists across mobile and online platforms.
When it comes to user ratings, Swissquote stands out with a higher average rating of 4.5 stars for its mobile app, in contrast to FXOpen's 4 stars. This distinction is reflected in their rankings by ForexBrokers.com, where Swissquote is placed at a strong #10 among 62 brokers, showcasing its prominence in mobile trading solutions. FXOpen, on the other hand, holds the #54 spot, indicating room for improvement in comparison. Overall, while both brokers deliver valuable mobile trading tools, Swissquote edges out with its higher ranking and enhanced features like auto-saving chart drawings, making it a more refined choice for traders on the go.
| 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 |
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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 | 1 | 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) | No | 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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