Written by ForexBrokers.com
In this head to head comparison of Swissquote vs RoboForex, 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 RoboForex offer distinct profiles when it comes to online brokerage, particularly in terms of trust and regulation. Established in 1996, Swissquote stands out as a publicly traded company and a bank. It boasts a perfect Trust Score of 99 from ForexBrokers.com, reflecting its five Tier-1 licenses and two Tier-2 licenses. These credentials underscore Swissquote as a highly trusted option for investors seeking a secure and regulated trading environment.
In contrast, RoboForex, founded in 2009, does not have the same breadth of recognition in terms of regulation. RoboForex is not publicly traded and operates without banking status, holding just one Tier-1 license with no Tier-2 licenses. RoboForex's ForexBrokers.com Trust Score of 73 indicates an average risk rating, suggesting a moderate level of confidence in its regulatory standing compared to Swissquote. Investors who prioritize security and regulation might find Swissquote's profile more compelling.
| Feature |
Swissquote
|
RoboForex
|
|---|---|---|
| Year Founded | 1996 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When evaluating Swissquote and RoboForex for their commissions and fees, Swissquote presents a notable appeal as part of a Swiss banking conglomerate. This prestige, however, comes with higher trading costs that may not align with cost-conscious traders. With different cost structures across its branches, Swissquote’s U.K. entity offers relatively lower costs and requires a lighter deposit compared to its Luxembourg and Swiss entities. The U.K.-based Elite account, suited for active traders with a minimum deposit of $10,000, offers reduced spreads and a $5 charge per round-turn trade. Conversely, the Standard account option starts with spreads of 1.3 pips on the EUR/USD, and the Prime account has narrower spreads starting from 0.6 pips. Reflecting these pricing structures, Swissquote holds a 3.5-star rating for commissions and fees, ranking it 52nd out of 62 brokers on ForexBrokers.com.
RoboForex, while appreciated for its accessibility, does not shine exceptionally in terms of commissions and fees either. With average spreads of 1.3 pips on the EUR/USD for its Procent and Pro accounts, RoboForex is on par with Swissquote when it comes to their overall cost structure. The simplicity of RoboForex’s fee schedule provides a straightforward choice for traders looking for minimal account complexity. Like Swissquote, RoboForex also garners a 3.5-star rating for its commissions and fees, but it ranks slightly lower at 54th place among 62 brokers, according to ForexBrokers.com.
In summary, both Swissquote and RoboForex present comparable offerings with their 3.5-star ratings for commissions and fees, yet they cater to different trader preferences. Swissquote may appeal more to those valuing the robustness of a Swiss banking institution, despite the premium pricing. In contrast, RoboForex provides straightforward account options with relatively high spreads, making it a simpler choice albeit without significant cost advantages. Each platform offers distinct features, guiding traders based on their specific financial strategies and account requirements.
| Feature |
Swissquote
|
RoboForex
|
|---|---|---|
| Minimum Deposit | $1000 | $100 |
| Average Spread EUR/USD - Standard | N/A | 1.3 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| 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.
When comparing the range of investments offered by Swissquote and RoboForex, both platforms provide forex trading options, including CFDs and spot contracts. Swissquote features 472 tradeable symbols with a strong focus on forex, offering 80 pairs, while RoboForex provides a significantly larger selection with 8,400 tradeable symbols, though only 28 are forex pairs. Swissquote excels in offering exchange-traded securities, allowing clients to purchase shares directly on U.S. and international exchanges, such as Apple and Vodafone. In contrast, RoboForex does not provide this service, focusing instead on other investment instruments.
Both platforms support copy trading and give access to cryptocurrency investments. However, differences arise in their cryptocurrency offerings; Swissquote allows the purchase of actual cryptocurrencies alongside derivatives, whereas RoboForex limits clients to cryptocurrency derivatives only. In terms of recognition, Swissquote clinches a prestigious ranking, rated 5 stars for its range of investments and standing second among 62 brokers according to ForexBrokers.com. Meanwhile, RoboForex earns a respectable 4.5-star rating and ranks 20th, reflecting its extensive list of tradeable symbols but more limited direct investment options.
| Feature |
Swissquote
|
RoboForex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 8400 |
| Forex Pairs (Total) | 80 | 28 |
| 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 Swissquote and RoboForex for their trading platforms and tools, both brokers offer features like a free demo account, comprehensive support for MetaTrader 4 and 5, a web-based platform, and the ability to trade directly from stock charts. However, Swissquote stands out by providing a proprietary platform developed in-house, which RoboForex does not offer. Additionally, Swissquote impresses with 75 drawing tools for charting, a significantly higher number than RoboForex's 15. Both brokers include copy trading, but neither supports DupliTrade or ZuluTrade.
Swissquote’s trading platforms and tools receive a higher rating of 4.5 stars compared to RoboForex’s 4 stars, reflecting a noticeable difference in their offerings. Furthermore, Swissquote's rank is #12 out of 62 brokers for trading platforms and tools on ForexBrokers.com, showcasing its superior features and user-friendly experience. RoboForex, while still providing solid functionalities, ranks lower at #43. Both brokers cater to a variety of trading styles, but Swissquote’s additional features and higher ratings suggest it might be a more appealing choice for traders seeking advanced tools and customization options.
| Feature |
Swissquote
|
RoboForex
|
|---|---|---|
| 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 | 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.
When it comes to mobile trading apps, both Swissquote and RoboForex provide apps for iPhone and Android users, ensuring flexibility for traders on the go. Both platforms offer essential features such as price alerts for stocks and forex, the ability to draw trendlines, and multiple view time frames for charts. However, a noticeable drawback for both is the lack of watchlist symbol syncing, meaning any changes you make on your mobile app won't automatically update on your online accounts or vice versa. Each app includes 30 technical studies and auto-saves drawings, along with facilitating the creation of watchlists with real-time quotes.
In terms of overall performance and user satisfaction, Swissquote stands out with a higher rating of 4.5 stars compared to RoboForex's 4 stars. Furthermore, Swissquote is ranked significantly higher at #11 versus RoboForex's #43 in ForexBrokers.com's evaluation of mobile trading apps, indicating a stronger preference among traders. While both apps share similar core functionalities, Swissquote appears to edge out due to its higher ratings and rankings, suggesting a slightly superior user experience.
| Feature |
Swissquote
|
RoboForex
|
|---|---|---|
| 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 | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of Swissquote and RoboForex, both brokers provide daily market commentary and access to forex news from top-tier sources, helping traders stay informed. Swissquote stands out by offering tools from Autochartist, allowing users to engage in comprehensive technical analysis. In contrast, RoboForex equips traders with resources from Trading Central and Acuity Trading, enhancing their analytical capabilities with unique technical analysis and signal-based tools. Despite these differences, neither Swissquote nor RoboForex offers a sentiment-based trading tool or market research from TipRanks, indicating room for growth in their research offerings.
Both platforms provide economic calendars to keep traders updated on global economic events. However, Swissquote appears to have a slight edge in overall research capabilities, earning a 4-star rating compared to RoboForex's 3.5 stars. This advantage is also reflected in their rankings in the Research category, with Swissquote placed at #16 out of 62 brokers by ForexBrokers.com, while RoboForex is ranked at #37. This indicates that Swissquote may be the better choice for traders who prioritize advanced research and market analysis tools.
| Feature |
Swissquote
|
RoboForex
|
|---|---|---|
| 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 | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, Swissquote clearly stands out compared to RoboForex. Swissquote provides an extensive variety of educational materials, including more than ten articles, videos, and webinars focused on forex and CFDs. They consistently offer online webinars every month and have a well-organized archive of past recordings available for clients to explore. Beginners can benefit from over ten educational videos tailored specifically for new traders, along with advanced videos for more experienced individuals. Additionally, Swissquote offers a comprehensive investor dictionary, featuring definitions for at least fifty key investing terms, making it easier for users to get familiar with trading jargon.
On the other hand, RoboForex falls short in comparison when it comes to educational offerings. It does not meet the threshold of ten educational pieces on forex or CFDs, and lacks the provision of regular monthly webinars or an archived collection of previous sessions. RoboForex also does not provide the same level of beginner-focused educational videos, nor does it offer an advanced video collection. Their educational resources are limited, contributing to a slightly lower education rating of 3.5 stars compared to Swissquote's 4 stars. Consequently, ForexBrokers.com ranks Swissquote higher at #21 out of 62 brokers for education, while RoboForex lags behind at #56. Such differences highlight Swissquote as a more learner-friendly online broker for those eager to improve their trading knowledge.
| Feature |
Swissquote
|
RoboForex
|
|---|---|---|
| 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 | No |
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 RoboForex. Swissquote finished with an overall rank of #11, while RoboForex finished with an overall rank of #46.
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
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RoboForex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 73 |
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Both Swissquote and RoboForex provide the option to trade cryptocurrency derivatives, but only Swissquote offers the ability to purchase actual delivered cryptocurrency.
Both Swissquote and RoboForex offer a variety of options for depositing or withdrawing account funds, including ACH and SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, making them versatile choices for traders looking for flexible financial transaction methods.
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 | RoboForex | |
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| Trust Score | 99 | 73 | |
| Winner | check_circle | ||
| Review | Swissquote Review | RoboForex Review |
| Broker Screenshots | Swissquote | RoboForex | |
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| Regulation | Swissquote | RoboForex | |
|---|---|---|---|
| Trust Score | 99 | 73 | |
| Year Founded | 1996 | 2009 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 8400 | |
| Forex Pairs (Total) | 80 | 28 | |
| 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 | RoboForex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.3 | |
| 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 | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| 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 | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Swissquote | RoboForex | |
|---|---|---|---|
| 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 | No | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | RoboForex | |
|---|---|---|---|
| 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 | No |
| Major Forex Pairs | Swissquote | RoboForex | |
|---|---|---|---|
| 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 | RoboForex Review |
| Overall | Swissquote | RoboForex | |
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| Trust Score | 99 | 73 | |
| Winner | check_circle | ||
| Review | Swissquote Review | RoboForex Review |
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