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 online brokers Saxo and Swissquote, both stand out as strong options for those seeking trusted services. Founded in 1992, Saxo operates as a bank and boasts a total of seven Tier-1 licenses, reflecting a high level of trustworthiness. Although not publicly traded, Saxo achieves a perfect Trust Score of 99 from ForexBrokers.com, indicating that it is highly trusted according to their rating system.
Swissquote, established in 1996, is also a bank and is publicly traded, offering transparency with its operations. It holds five Tier-1 licenses and, like Saxo, has been awarded a Trust Score of 99 by ForexBrokers.com. Both brokers hold one Tier-2 license, classified as trusted. While each broker presents different strengths, they both maintain an exceptional level of trust and reliability in the online trading landscape.
| Feature |
Saxo
|
Swissquote
|
|---|---|---|
| Year Founded | 1992 | 1996 |
| Publicly Traded (Listed) | No | Yes |
| Bank | Yes | Yes |
| Tier-1 Licenses | 7 | 5 |
| Tier-2 Licenses | 1 | 1 |
| 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.
When comparing Saxo and Swissquote for their trading platforms and tools, both brokers offer simulated trading, allowing users to practice with virtual accounts. Each broker has developed its own proprietary platform, supporting Windows-based desktop downloads and web-based trading options. Saxo and Swissquote also provide copy trading services, although Swissquote expands its offerings with support for MetaTrader 4 and MetaTrader 5, which are not available with Saxo.
In terms of charting, Saxo delivers 20 drawing tools and the ability to trade directly from stock charts, while Swissquote impresses with 75 drawing tools. However, Saxo offers more fields for watch lists with 60 columns compared to Swissquote's 11. Overall, Saxo's trading platform and tools have achieved a perfect 5-star rating, securing the top spot in ForexBrokers.com's ranking out of 62 brokers. Swissquote follows closely with a 4.5-star rating and a commendable position at number 11 in the same category.
| 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.
When comparing the mobile trading apps of Saxo and Swissquote, you'll find both provide extensive functionality on iPhone and Android devices. Each app offers the ability to receive stock and forex price alerts and real-time quote watchlists, essential for active traders. However, only Saxo allows for watchlist symbol syncing across its platforms, which means that your updates will seamlessly reflect wherever you log in. Chart enthusiasts will appreciate Saxo’s substantial offering of 64 technical studies, more than double that of Swissquote's 30, providing deeper insights for those who rely on thorough technical analysis. Additionally, both apps cater to traders who utilize multiple time frames, offering the option to view charts in daily, weekly, or intraday formats, along with drawing features that can be autosaved for future reference.
In terms of overall mobile app performance, Saxo stands out with a 5-star rating, while Swissquote follows closely behind with a 4.5-star rating. The superiority of Saxo's mobile trading capabilities is further highlighted by its #2 ranking among 62 brokers, as determined by ForexBrokers.com, compared to Swissquote's position at #10. These differences underscore Saxo's edge in mobile trading, making it an appealing choice for those seeking a comprehensive and integrated trading experience on the go.
| 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 | 1 | |
| 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 | No | |
| 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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