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 and Swissquote offer different pricing structures and fee systems for traders with varying trading volumes and account preferences. Saxo stands out with its all-around excellent pricing, especially attractive for active and high-volume traders. It offers three account tiers: Classic, Platinum, and VIP, with average spreads for EUR/USD starting at 1.1, 1.0, and 0.9 pips, respectively. For top-tier accounts like VIP, Saxo requires significant deposits but provides substantial savings and exclusive benefits. Its flexible policy includes commission-free trading, with minimal fees for low-volume traders. Saxo's 5-star rating for commissions and fees reflects its cost-effective model, securing its 9th place ranking among 62 brokers.
In contrast, Swissquote's pricing is impacted by its association with a reputable Swiss banking conglomerate, resulting in slightly higher costs. The U.K.-based accounts of Swissquote offer lower fees compared to its entities in Switzerland and Luxembourg but present a smaller selection of products. Swissquote's Elite account at its U.K. branch stands out with competitive spreads and commissions. However, its Standard account starts with spreads of 1.3 pips on EUR/USD, which is not as competitive as other low-cost brokers. This fee structure earns Swissquote a 3.5-star rating and a ranking of 52nd place for commissions and fees.
Overall, Saxo is the preferred choice for those prioritizing lower costs and elite trading options, while Swissquote may appeal to those valuing the assurance of trading with a prominent Swiss financial institution despite its premium pricing. Saxo’s waiver on custody fees for securities lending, paired with competitive spreads, makes it a standout option for serious investors seeking value and exclusivity.
| Feature |
Saxo
|
Swissquote
|
|---|---|---|
| Minimum Deposit | $0 | $1000 |
| Average Spread EUR/USD - Standard | 1.1 | N/A |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Saxo and Swissquote for their range of investments, both brokers stand out with top-tier offerings but cater to slightly different needs. Saxo boasts an impressive total of 70,000 tradable symbols, making it an attractive choice for investors seeking variety. It offers a broad selection of 190 forex pairs and allows trading exchange-listed securities on both U.S. and international markets, like Apple and Vodafone stocks. However, Saxo does not provide the option to buy cryptocurrency outright, although it does offer cryptocurrency derivatives. Additionally, Saxo supports copy trading, making it versatile for traders who enjoy mimicking successful strategies.
Swissquote, on the other hand, provides investors with 472 tradable symbols, which include 80 forex pairs and access to U.S. and international exchange-listed securities. Despite having a smaller pool of tradable symbols than Saxo, it compensates by providing the capability to purchase actual cryptocurrencies, alongside offering cryptocurrency derivatives. Like Saxo, Swissquote also includes features such as copy trading to appeal to trend-following investors. Both brokers enjoy a five-star rating for their range of investments, with Swissquote slightly edging out Saxo in the ForexBrokers.com ranking by placing second out of 62 brokers, while Saxo ranks third.
| Feature |
Saxo
|
Swissquote
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 472 |
| Forex Pairs (Total) | 190 | 80 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | Yes |
| 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.
Saxo and Swissquote both offer a range of features that cater to traders looking for diverse trading platforms and tools. Both provide free virtual demo accounts for simulated trading, alongside their proprietary platforms that have been developed in-house. Traders can use these platforms on Windows-based desktops or directly via web browsers, making them quite accessible. Saxo and Swissquote also support copy trading, allowing users to mirror the trades of successful investors. However, while Swissquote supports both MetaTrader 4 and MetaTrader 5, Saxo does not offer these popular third-party platforms. Neither broker includes DupliTrade or ZuluTrade in their offerings, but they both allow users to trade directly from stock charts.
When it comes to charting tools, Saxo provides 20 drawing tools compared to Swissquote’s 75, giving Swissquote an edge in this particular field. However, Saxo offers extensive customization with 60 columns for watch lists, vastly surpassing Swissquote’s 11 columns. According to ForexBrokers.com, Saxo's trading platforms and tools are rated five stars and ranked first out of 62 brokers, reflecting its superior standing in the markets. Swissquote is not far behind with a 4.5-star rating, securing the 12th rank. These distinctions highlight that while both brokers deliver solid trading experiences, Saxo offers a slightly more comprehensive and customizable platform for traders.
| Feature |
Saxo
|
Swissquote
|
|---|---|---|
| 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) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 64 | 86 |
| Charting - Drawing Tools (Total) | 20 | 75 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 60 | 11 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
For traders looking to choose between Saxo and Swissquote, both platforms offer comprehensive mobile apps that are compatible with iPhone and Android devices. Saxo and Swissquote apps provide essential features such as stock and forex price alerts, the ability to draw trendlines, and multiple time frame views on charts. However, Saxo takes the lead with 64 technical studies available for charting, whereas Swissquote offers 30. Furthermore, Saxo's mobile app enhances user experience through watchlist symbol syncing, ensuring changes made on either the app or online account are reflected across platforms. In contrast, Swissquote does not provide this feature.
Both providers support real-time quotes in their watchlists, alongside the ability to auto-save chart drawings. User reviews highlight a stellar rating for Saxo at 5 stars, outperforming Swissquote, which holds a commendable 4.5 stars. Reflecting its strong mobile offering, Saxo is ranked 2nd out of 62 brokers by ForexBrokers.com for mobile trading apps. Meanwhile, Swissquote secures the 11th spot, making both apps robust choices for mobile trading while underscoring Saxo's superior user experience and feature set for those prioritizing advanced technical analysis and integrated account management.
| Feature |
Saxo
|
Swissquote
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 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 Saxo and Swissquote for market research, both brokers provide a comprehensive array of tools and resources. Each offers daily market commentary and forex news from prestigious sources like Bloomberg and Reuters. Moreover, they both integrate technical and fundamental analysis tools from Autochartist and maintain economic calendars to keep traders informed on global events. However, a key distinction lies in sentiment-based trading tools; Saxo presents a tool that reveals the ratio of long and short positions across various instruments, whereas Swissquote does not. This feature gives Saxo an edge for traders interested in gauging market sentiment.
While neither broker offers tools from Trading Central or TipRanks, nor research from Acuity Trading, Saxo still stands out due to its comprehensive research capabilities. Saxo is rated 5 stars for research performance and ranks #1 among 62 brokers according to ForexBrokers.com. In contrast, Swissquote, although highly regarded with a 4-star rating, ranks 16th. For traders who prioritize in-depth market insights and tools, Saxo emerges as the preferred choice, especially for those seeking the added advantage of sentiment analysis.
| Feature |
Saxo
|
Swissquote
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners exploring online trading, both Saxo and Swissquote offer comprehensive materials. Saxo provides over ten educational pieces focused on forex and CFDs, accessible through articles, videos, and archived webinars. Swissquote matches this offering with an impressive variety of resources as well. Aspiring traders can also participate in monthly online webinars conducted by both platforms. Additionally, users can access a searchable archive of past webinars, making it easy to revisit topics of interest. Those starting their trading journey will find both Saxo and Swissquote valuable, as they each offer at least ten educational videos tailored specifically for beginners.
For more advanced traders, both Saxo and Swissquote present over ten educational videos that delve into detailed aspects of trading. They also provide investor dictionaries, defining over fifty key investment terms, which are crucial for mastering trading fundamentals. In terms of ratings, Saxo shines with a 5-star rating for its educational resources, ranking 13th out of 62 brokers according to ForexBrokers.com. Meanwhile, Swissquote holds its ground with a respectable 4-star rating, positioned at 21st. Both platforms deliver solid educational content, but Saxo edges ahead in terms of its broader appeal and comprehensive offerings.
| Feature |
Saxo
|
Swissquote
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| 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 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
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Swissquote
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|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 99 |
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While both Saxo and Swissquote provide options for investing in cryptocurrency derivatives, only Swissquote offers the capability to purchase actual, delivered cryptocurrency, unlike Saxo which does not provide this service.
When comparing the online brokers Saxo and Swissquote, Saxo does not support ACH, SEPA, PayPal, or Skrill for deposits or withdrawals but does accept Visa, Mastercard, and bank wires, whereas Swissquote offers a wider range of options including ACH, SEPA, PayPal, Skrill, Visa, Mastercard, and bank wires for managing account funds.
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 |
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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 (SFC 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) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Saxo | Swissquote | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 472 | |
| Forex Pairs (Total) | 190 | 80 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | Yes | |
| 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 | Saxo | Swissquote | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | N/A | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Saxo | Swissquote | |
|---|---|---|---|
| Minimum Deposit | $0 | $1000 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Saxo | Swissquote | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Saxo | Swissquote | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 60 | 11 | |
| Charting - Indicators / Studies (Total) | 64 | 86 | |
| Charting - Drawing Tools (Total) | 20 | 75 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | 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 | Saxo | Swissquote | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | Swissquote | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Saxo | Swissquote | |
|---|---|---|---|
| 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 | 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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