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.
When comparing online brokers Swissquote and RoboForex, distinct differences emerge, especially in terms of trustworthiness and company stature. Founded in 1996, Swissquote stands out as a publicly traded bank with a perfect Trust Score of 99 according to ForexBrokers.com. This high rating is supported by Swissquote's five Tier-1 licenses, categorized as the most reliable, and one additional Tier-2 license. This makes Swissquote not only a formidable name but also a highly trusted choice for online trading.
In contrast, RoboForex, established in 2009, operates as a private entity and does not hold the same level of financial institution status as Swissquote. While it is not publicly traded and doesn’t function as a bank, RoboForex still maintains a respectable position with a Trust Score of 73. This score implies an average risk, backed by its single Tier-1 license and absence of Tier-2 licenses. Although less credentialed, RoboForex may appeal to those seeking an alternative option with a solid foundation in the trading market.
| Feature |
Swissquote
|
RoboForex
|
|---|---|---|
| Year Founded | 1996 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 1 |
| Tier-2 Licenses | 1 | 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.
Swissquote and RoboForex both provide excellent online trading experiences, each with unique offerings that cater to different types of traders. Both brokers facilitate practice trading through free virtual demo accounts, allowing users to hone their skills without risk. A standout feature of Swissquote is its proprietary platform, developed in-house, while RoboForex lacks this option. However, both brokers offer comprehensive Windows-based desktop platforms and web-based trading options, catering to various user preferences. Additionally, they both support MetaTrader 4 and MetaTrader 5, which are widely popular among traders for their advanced tools and features.
When it comes to charting tools, Swissquote outshines RoboForex. Swissquote provides 75 drawing tools compared to RoboForex's 15, offering traders more flexibility in their technical analysis. Both platforms allow direct trading from stock charts, which enhances trading convenience. In terms of watch list functionality, Swissquote offers 11 fields for customization, while RoboForex provides 7. For users prioritizing trading platforms and tools, Swissquote receives a higher rating of 4.5 stars compared to RoboForex's 4 stars and is ranked #11 out of 62 brokers by ForexBrokers.com, while RoboForex is positioned at #43.
| 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 comparing the mobile trading apps of Swissquote and RoboForex, both platforms provide comprehensive solutions for both iPhone and Android users. They each offer crucial features like stock and forex price alerts, the ability to draw trend lines on charts, auto-saving drawings, and viewing different time frames on stock or forex charts. Additionally, Swissquote and RoboForex both support creating watchlists with real-time quotes. However, neither platform offers watchlist symbol syncing between the app and the online account, which could be a consideration for users who frequently switch between devices.
In terms of technical analysis, both apps offer 30 technical studies for charting, allowing users to analyze trades thoroughly. Despite these similarities, Swissquote edges ahead with a higher user rating of 4.5 stars compared to RoboForex's 4 stars. This is further reflected in their rankings by ForexBrokers.com, where Swissquote holds the 10th spot among 62 brokers in the Mobile Trading Apps category, while RoboForex is placed at 43rd. Users prioritizing high app ratings and rankings may lean towards Swissquote for a more acclaimed mobile trading 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 | 1 | 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) | No | 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 |
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| Trust Score | 99 | 73 | |
| Winner | check_circle | ||
| Review | Swissquote Review | RoboForex Review |
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