Written by ForexBrokers.com
In this head to head comparison of Swissquote vs FxPro, 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 FxPro are both prominent players in the online brokerage arena, each offering different levels of trustworthiness and regulatory oversight. Established in 1996, Swissquote stands out for being publicly traded and operating as a bank, adding an additional layer of reliability. It boasts an impressive Trust Score of 99 out of 99, according to ForexBrokers.com, placing it in the highly trusted category. With 5 Tier-1 licenses, Swissquote is well regarded in terms of regulatory compliance and safety.
Founded a decade later in 2006, FxPro is privately held and does not operate as a bank. Despite this, FxPro maintains a commendable Trust Score of 90, which also qualifies it as highly trusted. The broker holds 2 Tier-1 licenses and 1 Tier-2 license, demonstrating a solid regulatory framework. While both brokers are trustworthy, Swissquote's combination of being a bank and having a higher number of top-tier regulatory licenses might appeal more to those prioritizing regulatory safeguards and industry standing.
| Feature |
Swissquote
|
FxPro
|
|---|---|---|
| Year Founded | 1996 | 2006 |
| 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 | 2 |
When comparing the commissions and fees between Swissquote and FxPro, Swissquote operates at a slight premium due to its Swiss banking lineage, which can make it less competitive against more cost-effective forex brokers. In particular, Swissquote's U.K. accounts provide a more economical option with lower costs and lesser deposit requirements compared to its Switzerland and Luxembourg entities. Swissquote U.K. offers four account types, with the Elite account providing lower spreads and a $5 commission per round-turn trade for active traders who deposit at least $10,000. However, other accounts, like the Standard and Prime, have varying minimum spread requirements that may not always meet traders' needs for competitive pricing. Overall, Swissquote receives a 3.5 out of 5-star rating and ranks #52 out of 62 brokers for its commissions and fees.
Conversely, FxPro's overall pricing is higher than the industry average, yet it provides multiple platforms with various execution methods that offer both flexibility and choice. Their most competitive spreads are accessible through the cTrader platform, leveraging commission-based pricing with an effective spread of approximately 1.27 pips for the EUR/USD pair. While the MT4 and MT5 platforms feature floating spreads, the cTrader platform generally provides better spreads for traders. FxPro also offers an Active Trader program for those using its Elite account, which provides up to 30% in discounts, though it still trails behind leading competitors. With a 4 out of 5-star rating, FxPro is ranked #32 out of 62 brokers, reflecting a more favorable positioning for commissions and fees compared to Swissquote.
In summary, while Swissquote offers the allure of Swiss banking alongside diverse account options dependent on the region, its cost structure makes it less attractive for traders prioritizing low fees. FxPro, despite higher-than-average prices, offers competitive options on its cTrader platform and an appealing discount program for active traders, positioning it better in the eyes of ForexBrokers.com. The choice between Swissquote and FxPro primarily hinges on the trade-off between Swissquote’s banking prestige and FxPro’s varied execution offerings and discount benefits.
| Feature |
Swissquote
|
FxPro
|
|---|---|---|
| Minimum Deposit | $1000 | $100 |
| Average Spread EUR/USD - Standard | N/A | 1.51 |
| All-in Cost EUR/USD - Active | N/A | 1.27 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| 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.
Swissquote and FxPro both offer forex trading, allowing users to engage through CFDs or spot contracts. However, when comparing the range of tradeable symbols, FxPro leads with 2,249 options, surpassing Swissquote's 472 symbols. On the other hand, Swissquote provides a slightly better selection of forex pairs, with 80 available compared to FxPro's 70. A significant distinction arises in access to exchange-traded securities; Swissquote enables clients to purchase direct shares on U.S. exchanges like Apple, while FxPro does not offer this option.
Both Swissquote and FxPro support copy trading and allow trading in cryptocurrency derivatives. Yet, only Swissquote provides the ability to buy actual cryptocurrencies, offering more options for crypto enthusiasts. This flexibility is reflected in their ratings, as Swissquote has earned a perfect 5-star rating for its range of investments, while FxPro holds a 4-star rating. Rankings by ForexBrokers.com place Swissquote at a commendable #2 out of 62 brokers for investment variety, with FxPro positioned at #28, demonstrating Swissquote's broader portfolio options.
| Feature |
Swissquote
|
FxPro
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 2249 |
| Forex Pairs (Total) | 80 | 70 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| 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 it comes to online trading platforms, both Swissquote and FxPro offer traders a comprehensive suite of tools to enhance their trading experience. Each platform provides a virtual demo account, allowing users to practice and hone their skills without financial risk. Both brokers have developed proprietary platforms, ensuring a seamless trading experience whether you prefer a Windows-based desktop or a web-based trading environment. Additionally, popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are available with both brokers, though neither offers DupliTrade or ZuluTrade integrations. Notably, Swissquote includes 75 drawing tools for charting, compared to FxPro's 25, and both brokers allow trading directly from a stock chart.
Swissquote and FxPro put forth solid offerings in terms of watch list customization, with Swissquote providing up to 11 columns for detailed tracking, while FxPro offers 6. In terms of ratings, Swissquote receives 4.5 stars for its trading platforms and tools, placing it at #11 out of 62 brokers according to ForexBrokers.com. On the other hand, FxPro is rated 4 stars, securing the #19 spot in the same category. The differences in rankings and features highlight Swissquote's edge in technical and charting tools, which may appeal to traders seeking detailed market analysis capabilities.
| Feature |
Swissquote
|
FxPro
|
|---|---|---|
| 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 | 53 |
| Charting - Drawing Tools (Total) | 75 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Swissquote and FxPro offer comprehensive mobile trading apps for both iPhone and Android users, ensuring you can trade on the go with ease. If you’re someone who likes to stay on top of market changes, both apps provide stock or forex price alerts. You can also create personalized watchlists with real-time quotes on both platforms. However, a key difference arises in syncing watchlists between mobile and online accounts. FxPro allows full syncing, meaning any changes made are updated across platforms, while this feature is absent in Swissquote's app.
When it comes to technical analysis, FxPro stands out with 65 technical studies available, compared to Swissquote’s 30. Both apps let you draw trendlines and view multiple time frames on charts, with an added convenience of auto-saving your drawings. In terms of ratings, both platforms shine with a 4.5-star rating. Nonetheless, Swissquote edges out in rankings, with ForexBrokers.com placing it at #10 out of 62 brokers for mobile trading apps, while FxPro follows at #15. If you prioritize charting tools, FxPro might be the better choice, but for overall performance, Swissquote holds a slight advantage.
| Feature |
Swissquote
|
FxPro
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 65 |
| 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.
Swissquote and FxPro both offer daily market commentary and provide forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones. When it comes to technical analysis tools, Swissquote includes features from Autochartist, while FxPro shines with tools from Trading Central. FxPro also has a sentiment-based trading tool that helps traders gauge the market's mood by showing the ratio of long or short positions, a feature not available with Swissquote. Neither platform integrates TipRanks or Acuity Trading tools, but both provide an economic calendar to keep traders informed about global news events.
For research capabilities, Swissquote and FxPro both receive a commendable 4-star rating. However, when considering their rank among 62 brokers as per ForexBrokers.com, Swissquote edges out with a promising #16 position compared to FxPro's #27. This comparison highlights key differences in research tools and rankings, offering valuable insights for traders deciding between these two well-regarded online brokers.
| Feature |
Swissquote
|
FxPro
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| 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 Swissquote and FxPro for educational resources available to beginners, both brokers provide a wealth of content for those new to forex and CFDs trading. Swissquote impressively offers over ten educational pieces that include a blend of articles, videos, and archived webinars dedicated to forex and CFDs. Likewise, FxPro meets this benchmark, delivering a variety of similar educational materials. However, Swissquote sets itself apart by offering online educational client webinars each month, while FxPro does not provide this service. Both brokers maintain searchable archives of past webinars, ensuring easy access to valuable information over time.
For beginners eager to build their foundation, Swissquote and FxPro each supply at least ten educational videos tailored to newer traders. Swissquote further extends its educational materials with ten advanced videos for those seeking deeper insights, whereas FxPro currently lacks this specific offering. Both brokers enhance the learning journey with an investor dictionary, offering definitions of over 50 investing terms. Despite having the same educational rating of 4 out of 5 stars, the differences lie in their ranking, with Swissquote positioned at #21 and FxPro slightly ahead at #17 according to ForexBrokers.com. This indicates a slight edge for FxPro in educational offerings overall, but Swissquote's diverse range caters particularly well to both beginners and more experienced traders.
| Feature |
Swissquote
|
FxPro
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| 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 FxPro. Swissquote finished with an overall rank of #11, while FxPro finished with an overall rank of #21.
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
|
FxPro
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 90 |
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Swissquote allows investors to buy actual delivered cryptocurrency as well as cryptocurrency derivatives, whereas FxPro provides the option to purchase only cryptocurrency derivatives without offering the actual delivered cryptocurrency.
Both Swissquote and FxPro provide a variety of deposit and withdrawal options including ACH/SEPA transfers, PayPal, Skrill, Visa/Mastercard, and bank wires, ensuring flexibility and convenience for their online trading clients.
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 | FxPro | |
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| Trust Score | 99 | 90 | |
| Winner | check_circle | ||
| Review | Swissquote Review | FxPro Review |
| Broker Screenshots | Swissquote | FxPro | |
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| Regulation | Swissquote | FxPro | |
|---|---|---|---|
| Trust Score | 99 | 90 | |
| Year Founded | 1996 | 2006 | |
| 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 | 2 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | FxPro | |
|---|---|---|---|
| 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 | FxPro | |
|---|---|---|---|
| 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 | FxPro | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 2249 | |
| Forex Pairs (Total) | 80 | 70 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| 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 | FxPro | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.51 | |
| All-in Cost EUR/USD - Active | N/A | 1.27 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Swissquote | FxPro | |
|---|---|---|---|
| Minimum Deposit | $1000 | $100 | |
| 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 | Yes |
| Trading Platforms | Swissquote | FxPro | |
|---|---|---|---|
| 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 | FxPro | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 6 | |
| Charting - Indicators / Studies (Total) | 86 | 53 | |
| Charting - Drawing Tools (Total) | 75 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | FxPro | |
|---|---|---|---|
| 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 | 65 | |
| 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 | FxPro | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | FxPro | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Swissquote | FxPro | |
|---|---|---|---|
| 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 | FxPro Review |
| Overall | Swissquote | FxPro | |
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| Trust Score | 99 | 90 | |
| Winner | check_circle | ||
| Review | Swissquote Review | FxPro Review |
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