Written by ForexBrokers.com
In this head to head comparison of Saxo vs Swissquote, 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 Saxo and Swissquote, both online brokers offer a strong level of trust and security. Saxo, founded in 1992, is a bank that is not publicly traded and boasts a highly impressive Trust Score of 99 out of 99 as per ForexBrokers.com. This score is supported by its possession of 7 Tier-1 licenses, which are seen as highly trusted. On the other hand, Swissquote, established in 1996, is a publicly traded bank. It also shares the top-notch Trust Score of 99 and holds 5 Tier-1 licenses, slightly fewer than Saxo. However, Swissquote holds 2 Tier-2 licenses compared to Saxo's single Tier-2 license, adding to its credibility.
Both Saxo and Swissquote offer reputable services with a high standard of trust, as reflected in their perfect Trust Scores and banking status. Saxo leads with a greater number of top-tier licenses, while Swissquote distinguishes itself by being publicly traded, potentially offering additional transparency. Investors looking for secure trading options can find peace of mind with either broker, making the choice between them dependent on specific needs and preferences.
| Feature |
Saxo
|
Swissquote
|
|---|---|---|
| Year Founded | 1992 | 1996 |
| Publicly Traded (Listed) | No | Yes |
| Bank | Yes | Yes |
| Tier-1 Licenses | 7 | 5 |
| Tier-2 Licenses | 1 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
Saxo vs. Swissquote on pricing: Saxo earns 5 stars for commissions and fees and ranks #8 out of 63 brokers at ForexBrokers.com, while Swissquote scores 3.5 stars and ranks #35. In practice, Saxo is typically the cheaper choice for active forex traders, whereas Swissquote’s costs vary by region and tend to land a bit higher overall.
Saxo’s forex pricing is spread-only (no commission), with a $3 per side ticket fee if you trade under 50,000 units per month. As of November 2023, average EUR/USD spreads were 1.1 pips on the Classic account (minimum 0.9), 1.0 on Platinum, and 0.9 on VIP; minimums were about 0.2 pips lower than those averages. Entry-level pricing on Classic is slightly above the industry average, but costs become very competitive for high-volume or large-balance clients on Platinum and VIP. The Classic account now has a $0 minimum deposit, while Platinum requires $200,000 (AUD 300,000 in Australia) and VIP requires $1,000,000; upgrades are also possible via Saxo’s loyalty program. Custody fees for share trading can be waived if you opt into securities lending.
Swissquote’s fees differ by entity. In the U.K., the Elite account (for deposits of about $10,000 and up) is commission-based at $5 per round turn with lower spreads, while the Standard account starts at 1.3 pips on EUR/USD and the Prime account advertises a 0.6-pip minimum (note: minimum, not average). In Luxembourg, minimum spreads run from 0.8 pips (Prime, $50,000 minimum) to 1.5 pips (Standard, $1,000 minimum). In Switzerland, spreads start higher: 1.7 pips (Standard, $1,000 minimum), 1.4 (Premium, $10,000), and 1.1 (Prime, $50,000), with custom pricing available for very active traders. Bottom line: Swissquote offers banking stability at a slight premium, while Saxo generally delivers lower overall trading costs—especially for active traders.
| Feature |
Saxo
|
Swissquote
|
|---|---|---|
| Minimum Deposit | $0 | $1000 |
| Average spread (EUR/USD) - Standard account | 1.0 | N/A |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Non-wire bank transfer | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
In the Saxo vs Swissquote comparison for range of investments, both brokers let you trade forex as CFDs or spot, offer exchange‑traded stocks on U.S. and international markets (think Apple on NASDAQ and Vodafone in London), and support crypto CFDs. Saxo stands out for sheer variety with about 71,000 tradeable symbols and 190 forex pairs. Swissquote lists 472 tradeable symbols and 80 forex pairs, which is far fewer but still covers the major asset classes most investors use.
Key differences: Swissquote offers copy trading and lets you buy actual cryptocurrencies, while Saxo does not. Both earned 5 out of 5 stars for Range of Investments; in ForexBrokers.com’s ranking of 63 brokers, Swissquote is #2 and Saxo is #3.
| Feature |
Saxo
|
Swissquote
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 71000 | 472 |
| Forex Pairs (Total) | 190 | 80 |
| U.S. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | Yes |
| Cryptocurrency (CFDs) | 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.
In the Saxo vs Swissquote comparison for trading platforms and tools, both brokers offer free demo (paper) trading, their own proprietary platforms, and access via web and Windows desktop. Each supports trading directly from charts and includes watchlists, making it easy to test strategies and manage positions from your browser or a downloaded platform.
The biggest differences are platform choices and extras. Swissquote supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) and offers copy trading, while Saxo does not. For Trading Platforms and Tools, ForexBrokers.com rates Saxo at 5 stars and ranks it #3 out of 63 brokers, while Swissquote earns 4.5 stars and ranks #12. Pick Saxo if you want a top-tier in-house platform experience; choose Swissquote if MT4/MT5 and copy trading are must-haves alongside its own platform.
| Feature |
Saxo
|
Swissquote
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 61 | 86 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Saxo and Swissquote both deliver full-featured mobile trading apps for iPhone and Android. Each supports stock and forex price alerts, trendline drawing, and automatically saves your chart annotations. Saxo goes further for charting depth with 64 technical studies versus Swissquote’s 30, and Saxo syncs watchlists with your web platform, while Swissquote does not offer cross-device watchlist syncing.
Independent results from ForexBrokers.com show Saxo leading: 5 stars and #3 out of 63 brokers for Mobile Trading Apps, compared with Swissquote’s 4.5 stars and #12. If you value more indicators and seamless watchlist syncing, the Saxo mobile app is the stronger pick; if you want a clean experience with price alerts and essential charting on both iPhone and Android, the Swissquote app still fits well.
| Feature |
Saxo
|
Swissquote
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Saxo and Swissquote both deliver daily market commentary and stream forex news from top-tier sources like Bloomberg and Reuters. Each broker provides Autochartist tools for technical or fundamental insights and includes a clear economic calendar. Neither offers Trading Central, TipRanks, or Acuity Trading integrations.
The main difference is sentiment data: Saxo includes a tool that shows the ratio of long vs. short positions, while Swissquote does not. According to ForexBrokers.com, Saxo earns 5 stars for Research and ranks #1 out of 63 brokers, whereas Swissquote scores 4.5 stars and ranks #15. If you want sentiment analytics alongside strong news and analysis, Saxo has the edge; Swissquote still offers quality research but with fewer extras.
| Feature |
Saxo
|
Swissquote
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Saxo and Swissquote both make it friendly for beginners to learn how to trade. Each runs at least one educational webinar every month and offers 10+ beginner-focused videos that explain key concepts in simple terms. When you’re ready to advance, both libraries also include 10+ videos for experienced traders, so you can keep building skills over time with a mix of live sessions and on‑demand lessons.
In a direct comparison, Saxo pulls ahead for overall education quality, earning 5 stars and placing 12th out of 63 brokers at ForexBrokers.com. Swissquote is close behind with 4.5 stars and a 19th-place ranking. Choose Saxo if you want the stronger all-around learning track with frequent webinars; pick Swissquote if you want a bank-backed broker that still offers plenty of beginner videos and regular webinars.
| Feature |
Saxo
|
Swissquote
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Saxo is better than Swissquote. Saxo finished with an overall rank of #3, while Swissquote finished with an overall rank of #11.
Saxo is an exclusive multi-asset broker with brilliant research and a superb trading platform experience – as well as a stunning selection of over 40,000 securities.
| Feature |
Saxo
|
Swissquote
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 99 |
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Compared with online broker Swissquote, which lets you buy actual (delivered) cryptocurrencies and trade crypto CFDs, Saxo does not offer delivered crypto purchases but does support cryptocurrency CFDs.
Online broker comparison: Swissquote vs Saxo—Swissquote supports ACH/SEPA, PayPal, Skrill, and bank wire transfers for deposits and withdrawals, whereas Saxo supports bank wires only and does not offer ACH/SEPA, PayPal, or Skrill.
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 | Saxo | Swissquote | |
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| Trust Score | 99 | 99 | |
| Winner | check_circle | ||
| Review | Saxo Review | Swissquote Review |
| Broker Screenshots | Saxo | Swissquote | |
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| Regulation | Saxo | Swissquote | |
|---|---|---|---|
| Trust Score | 99 | 99 | |
| Year Founded | 1992 | 1996 | |
| Publicly Traded (Listed) | No | Yes | |
| Bank | Yes | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 5 | |
| Tier-2 Licenses | 1 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Saxo | Swissquote | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | Yes | |
| Japan (FSA Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | Yes | |
| Switzerland (FINMA Authorised) | Yes | Yes | |
| 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) | Saxo | Swissquote | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Saxo | Swissquote | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 71000 | 472 | |
| Forex Pairs (Total) | 190 | 80 | |
| U.S. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | Yes | |
| Cryptocurrency (CFDs) | 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 | Saxo | Swissquote | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.0 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Saxo | Swissquote | |
|---|---|---|---|
| Minimum Deposit | $0 | $1000 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | Yes |
| Trading Platforms | Saxo | Swissquote | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Saxo | Swissquote | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 61 | 86 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo | Swissquote | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Saxo | Swissquote | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | Swissquote | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Saxo | Swissquote | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Saxo Review | Swissquote Review |
| Overall | Saxo | Swissquote | |
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| Trust Score | 99 | 99 | |
| Winner | check_circle | ||
| Review | Saxo Review | Swissquote Review |
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