Written by ForexBrokers.com
In this head to head comparison of Swissquote vs FXGT.com, 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, Swissquote and FXGT.com present a striking contrast in terms of regulatory standing and trust. Founded in 1996, Swissquote is not only a well-established broker but also a publicly traded bank, which adds to its credibility. It holds an impressive array of 5 Tier-1 licenses, the highest level of trust as per ForexBrokers.com, as well as 2 Tier-2 licenses. This robust regulatory framework is reflected in Swissquote's top-notch Trust Score of 99 out of 99, underscoring its strong reputation in the financial sector.
In contrast, FXGT.com, which was founded more recently in 2019, does not enjoy the same level of regulatory pedigree. It is not a publicly traded company and does not operate as a bank. While it does have 1 Tier-1 and 1 Tier-2 license, its Trust Score of 69 denotes it as a high-risk broker according to ForexBrokers.com's ratings. This implies that while FXGT.com is functioning within legal boundaries, it does not provide the same level of trust and security that clients might find with a more established entity like Swissquote.
| Feature |
Swissquote
|
FXGT.com
|
|---|---|---|
| Year Founded | 1996 | 2019 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 1 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When comparing Swissquote with FXGT.com in terms of commissions and fees, both online brokers offer different setups that cater to various trading needs, yet they share similar ratings in this area. Swissquote's accounts, particularly in their U.K. branch, include four distinct options: the Elite account presents the lowest spreads contingent upon a $10,000 deposit and features a commission of $5 per round-turn trade. While the U.K. branch generally offers better pricing structures, Swissquote maintains higher standard spreads in its Luxembourg and Swiss branches. For example, Luxembourg's Prime account sees spreads from 0.8 pips, whereas Swiss quote's Swiss Prime account starts at 1.1 pips. It's clear that Swissquote's trading costs reflect its status as a Swiss banking conglomerate, which might not appeal to those seeking lower trading fees.
On the other hand, FXGT.com does not provide average spread data, making direct comparison challenging. However, both brokers share a 3.5-star rating for commissions and fees, indicating that they cater to middle-ground traders who balance service quality with cost. Swissquote’s ranking is #52 out of 62 brokers as per ForexBrokers.com, slightly ahead of FXGT.com's rank of #55. Despite the similar ratings, Swissquote's detailed account offerings across different regions may provide a more tailored trading experience for some, albeit at potentially higher costs.
Choosing between Swissquote and FXGT.com will largely depend on individual trading preferences and cost tolerance. Prospective clients should consider Swissquote if they are looking for the security and prestige of a Swiss-based institution with more account types, even though it comes with higher fees. Those who prefer a straightforward fee structure without the need for extensive spread data might find FXGT.com meets their needs satisfactorily. Despite their closeness in rankings, the breadth of options available at Swissquote may offer a distinct advantage for those who desire a customized financial service.
| Feature |
Swissquote
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $1000 | $5 |
| 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 | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Swissquote and FXGT.com both provide a platform for forex trading through CFDs or spot contracts; however, their range of investments showcases notable differences. Swissquote emerges as a more diverse marketplace with 472 tradeable symbols, including 80 forex pairs. In contrast, FXGT.com offers 117 tradeable symbols and 53 forex pairs. Swissquote also provides access to exchange-traded securities on both U.S. and international exchanges, allowing clients to buy stocks like Apple (NASDAQ: AAPL) and Vodafone (VOD-GB: London Stock Exchange), while FXGT.com does not offer these options. Additionally, Swissquote supports the purchase of actual cryptocurrencies, a feature not available on FXGT.com, although both platforms allow for trading cryptocurrency derivatives. Both platforms offer copy trading services.
In terms of rankings, Swissquote is rated exceptionally high for its range of investments, earning 5 stars and securing the #2 spot among 62 brokers on ForexBrokers.com. Meanwhile, FXGT.com holds a 3-star rating and ranks #60, indicating a more limited selection compared to the varied offerings from Swissquote. This disparity suggests that Swissquote might be better suited for investors seeking a broader array of investment opportunities.
| Feature |
Swissquote
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 117 |
| Forex Pairs (Total) | 80 | 53 |
| 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.
When comparing online brokers Swissquote and FXGT.com, both offer traders valuable tools and features for seamless trading experiences. Both platforms provide simulated trading with free virtual demo accounts, allowing users to practice and hone their skills. While Swissquote provides a proprietary platform, FXGT.com does not; however, both brokers support the popular MetaTrader 4 and MetaTrader 5 platforms. Both also have desktop download and web-based trading platforms, along with copy trading features for users looking to mimic successful trader strategies. However, neither Swissquote nor FXGT.com currently support DupliTrade or ZuluTrade services.
In terms of charting capabilities, Swissquote offers 75 drawing tools compared to FXGT.com's 23, allowing for more detailed analysis. Users can conveniently trade directly from stock charts on both platforms. Swissquote provides more flexibility with 11 columns available for watch lists, while FXGT.com offers 5. In terms of ratings, Swissquote scores 4.5 out of 5 stars for Trading Platforms and Tools, outperforming FXGT.com's 4-star rating. In rankings by ForexBrokers.com, Swissquote holds the 12th position out of 62 brokers, significantly ahead of FXGT.com, which is ranked 56th in the Trading Platforms and Tools category.
| Feature |
Swissquote
|
FXGT.com
|
|---|---|---|
| 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 | No |
| Charting - Indicators / Studies (Total) | 86 | 37 |
| Charting - Drawing Tools (Total) | 75 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When choosing between Swissquote and FXGT.com for mobile trading, both platforms offer strong features for traders with iPhone and Android apps. They provide essential functions like price alerts, allowing you to stay updated on stock and forex movements. Both apps allow users to draw trendlines and view various time frames on charts, with auto-saving options for any changes you make. Creating a watchlist with real-time quotes is possible on both platforms, giving traders a comprehensive experience on the go.
However, there are some differences between the two brokers. While Swissquote provides 30 technical studies for chart analysis, it lacks the watchlist symbol syncing feature available with FXGT.com. This feature is crucial for traders who want seamless transitions between mobile and online accounts. In terms of app ratings, Swissquote stands out with a 4.5-star rating, while FXGT.com trails with 3.5 stars. In rankings, Swissquote is positioned at #11 out of 62 brokers for mobile trading apps, a significant lead over FXGT.com, which is placed at #58.
| Feature |
Swissquote
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 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 online brokers for market research, Swissquote and FXGT.com offer different strengths. Swissquote impresses with its daily market commentary and access to top-tier forex news from sources like Bloomberg, Reuters, and Dow Jones. Additionally, it provides technical analysis tools from Autochartist and offers comprehensive insight with an economic calendar displaying worldwide events. On the other hand, FXGT.com does not include these features, but it stands out with a sentiment-based trading tool that provides a ratio of long and short positions across various currency pairs—an essential aid for traders interested in market sentiment.
Swissquote holds a strong position with a four-star rating, earning the 16th spot out of 62 brokers in the Research category by ForexBrokers.com. In contrast, FXGT.com, with a three-star rating, ranks at 56. Both brokers offer economic calendars to keep traders informed of global news events, even though FXGT.com lacks some of the more in-depth research tools Swissquote delivers. Ultimately, traders looking for a richer range of market research tools might lean towards Swissquote, whereas those interested in sentiment analysis may find FXGT.com appealing.
| Feature |
Swissquote
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| 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 evaluating the educational resources available for beginners in trading, Swissquote stands out compared to FXGT.com. Swissquote offers a well-rounded learning experience with over 10 educational materials focused on forex and CFDs, ensuring that newcomers have a solid foundation. It also hosts monthly educational webinars and maintains an easily accessible archive of past sessions, providing learners with opportunities to engage and review content at their convenience. Moreover, Swissquote offers an extensive library of beginner and advanced educational videos, catering specifically to new and experienced traders alike. Additionally, its investor dictionary, featuring definitions for over 50 investing terms, supports users in understanding industry jargon.
In contrast, FXGT.com lacks the variety and depth found in Swissquote's educational offerings. While FXGT.com does provide an investor dictionary with definitions for over 50 terms, it does not meet the minimum criteria for educational content focused on forex or CFDs, nor does it offer regular webinars or a searchable archive of recorded sessions. The absence of these resources might make it challenging for beginners to gain the essential knowledge needed for trading. When rated for educational resources, Swissquote receives 4 stars out of 5, and is ranked 21st among 62 brokers by ForexBrokers.com. FXGT.com, on the other hand, is rated 3 stars and is positioned at 59th, highlighting the gap in educational support for users.
| Feature |
Swissquote
|
FXGT.com
|
|---|---|---|
| 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 FXGT.com. Swissquote finished with an overall rank of #11, while FXGT.com finished with an overall rank of #58.
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
|
FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 69 |
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Swissquote allows users to buy both actual cryptocurrencies and cryptocurrency derivatives, whereas FXGT.com only offers the ability to buy cryptocurrency derivatives without the option of purchasing the actual cryptocurrencies.
When comparing Swissquote and FXGT.com, both online brokers support ACH and SEPA transfers, as well as Visa and Mastercard payments, and bank wires for depositing or withdrawing account funds; however, Swissquote additionally provides PayPal and Skrill options, which FXGT.com does not.
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 | FXGT.com | |
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| Trust Score | 99 | 69 | |
| Winner | check_circle | ||
| Review | Swissquote Review |
| Broker Screenshots | Swissquote | FXGT.com | |
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| Regulation | Swissquote | FXGT.com | |
|---|---|---|---|
| Trust Score | 99 | 69 | |
| Year Founded | 1996 | 2019 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 1 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | FXGT.com | |
|---|---|---|---|
| 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 | 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 | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Swissquote | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 117 | |
| Forex Pairs (Total) | 80 | 53 | |
| 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 | FXGT.com | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Swissquote | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $1000 | $5 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | Swissquote | FXGT.com | |
|---|---|---|---|
| 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 | No |
| Trading Tools | Swissquote | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 5 | |
| Charting - Indicators / Studies (Total) | 86 | 37 | |
| Charting - Drawing Tools (Total) | 75 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 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 | Swissquote | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
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| Trust Score | 99 | 69 | |
| Winner | check_circle | ||
| Review | Swissquote Review |
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