Written by ForexBrokers.com
In this head to head comparison of Swissquote vs Spreadex, 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.
Founded in 1996, Swissquote stands out as a highly trusted online broker, enjoying a top-tier Trust Score of 99 out of 99 according to ForexBrokers.com. As a publicly traded entity and recognized bank, Swissquote offers a high level of financial security. It holds an impressive five Tier-1 licenses and two Tier-2 licenses, further cementing its status as a reliable choice for investors seeking a safe trading environment.
Spreadex, established in 1999, presents a different profile with a Trust Score rating of 71, indicating an average risk according to the same rating source. Unlike Swissquote, Spreadex is not publicly traded and does not operate as a bank. It holds one Tier-1 license, reflecting a fair level of trust. However, the absence of Tier-2 licenses suggests that Spreadex may lack some of the regulatory assurances provided by its counterpart.
| Feature |
Swissquote
|
Spreadex
|
|---|---|---|
| Year Founded | 1996 | 1999 |
| 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 | 0 |
When it comes to trading costs, Swissquote's commissions and fees reflect the prestige of its Swiss banking background, but they lack the competitive edge provided by some of the lower-cost forex brokers. The U.K.-based branch of Swissquote offers the most cost-efficient options among its entities, with its Elite account featuring lower spreads and a commission of $5 per round-turn trade. However, to access these rates, traders need to deposit at least $10,000. Other options, such as the Standard and Prime accounts, come with varying minimum spreads but may not offer the most competitive rates in the market. The Luxembourg entity of Swissquote follows suit with three account types that provide comparable minimum spreads to the U.K. branch. Across all these options, Swissquote scores 3.5 stars in the commissions and fees category, placing it at rank #52 out of 62 brokers as rated by ForexBrokers.com.
Spreadex, in contrast, offers a straightforward fee structure with average spreads of 0.81 pips for the EUR/USD pairing as of January 2024. Impressively, the minimum spread dips to 0.6 pips 60% of the time, making Spreadex a cost-effective choice for traders looking for competitive rates. This attractive pricing has earned Spreadex a 4-star rating for commissions and fees, ranking it significantly higher at #27 out of 62 brokers according to ForexBrokers.com.
Overall, while Swissquote brings the benefit of Swiss banking assurance, its fees might deter cost-conscious traders. Spreadex stands out with its transparent and competitive spreads, offering lower costs and higher value for traders who prioritize fees in their selection of a broker.
| Feature |
Swissquote
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $1000 | $0 |
| Average Spread EUR/USD - Standard | N/A | 0.81 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Swissquote to Spreadex for available range of investments, Swissquote stands out with a broad offering tailored to diverse needs. Swissquote provides access to 472 tradeable symbols, including 80 forex pairs, allowing for extensive trading opportunities. Furthermore, Swissquote enables its clients to trade exchange-traded securities on both U.S. and international exchanges, offering direct investments in companies like Apple and Vodafone. Apart from traditional trading, Swissquote also supports copy trading and offers customers the possibility of purchasing actual cryptocurrencies, in addition to cryptocurrency derivatives.
Spreadex, on the other hand, boasts a broader selection of tradeable symbols, totaling 10,000, yet features fewer forex pairs, with 52 available. Although Spreadex does not offer direct trading in exchange-traded securities on U.S. or international markets, it does allow forex trading via CFDs and provides an avenue to invest in cryptocurrency derivatives. While both platforms have received a 5-star rating for their range of investments, Swissquote ranks higher in the ForexBrokers.com listings, occupying the second position, whereas Spreadex holds the thirteenth spot.
| Feature |
Swissquote
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 10000 |
| Forex Pairs (Total) | 80 | 52 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | No |
| 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 Spreadex both offer users a range of trading platforms and tools, catering to different trading needs and preferences. Both brokers provide virtual demo accounts for users to practice and refine their trading strategies without financial risk. Swissquote stands out with its proprietary platform that can be downloaded on Windows desktops, a feature absent in Spreadex. Additionally, Swissquote supports MetaTrader 4 and MetaTrader 5, popular among traders for their comprehensive tools, whereas Spreadex does not. Both brokers offer web-based platforms, ensuring accessibility across devices, but only Swissquote supports copy trading for mirroring experienced traders' strategies.
When it comes to charting utilities, Swissquote offers a broader range of drawing tools, boasting 75 compared to Spreadex's 11, and allows users to trade directly from stock charts, which is also available with Spreadex. For those who prioritize keeping an organized track of market changes, Swissquote presents 11 columns for watch lists, three more than Spreadex. These features contribute to Swissquote's higher user satisfaction, earning it a 4.5-star rating for trading platforms and tools compared to Spreadex's 4-star rating. On ForexBrokers.com, Swissquote ranks 12th out of 62 brokers in this category, significantly ahead of Spreadex, which is ranked 46th. Whether you're choosing based on platform versatility or user reviews, Swissquote appears to offer more comprehensive options for traders.
| Feature |
Swissquote
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 86 | 58 |
| Charting - Drawing Tools (Total) | 75 | 11 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading, both Swissquote and Spreadex offer apps for iPhone and Android users, complete with stock and forex price alerts. However, Swissquote takes the lead with a superior ranking, coming in at number 11 compared to Spreadex's rank of 46, according to ForexBrokers.com. Both apps offer standard features like real-time watchlists and the ability to draw trendlines on charts with various time frames. Yet, Swissquote differentiates itself with the inclusion of 30 technical studies in its charting options, whereas this feature is not available on Spreadex. Swissquote also provides the convenience of auto-saving drawings on charts, a feature that Spreadex lacks.
In terms of user satisfaction, Swissquote is rated 4.5 out of 5 stars for its mobile trading app, which edges out Spreadex's 4-star rating. Despite both platforms’ inability to sync watchlist symbols between the app and online accounts, traders might prefer Swissquote for its enhanced technical capabilities and higher user ratings. Whether you're drafting trendlines or scanning through various time frames, both platforms facilitate active trading, but Swissquote offers a more feature-rich experience for those who prioritize technical analysis on the go.
| Feature |
Swissquote
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Swissquote and Spreadex for market research capabilities, both brokers offer strong resources tailored to traders. Swissquote and Spreadex provide daily market commentary and access to forex news from top-tier sources such as Bloomberg and Reuters. They also utilize technical analysis tools from Autochartist, although neither offers resources from Trading Central. While Spreadex provides a unique sentiment-based trading tool, Swissquote does not offer this feature. Both platforms include an economic calendar for tracking global news events, ensuring traders remain informed.
Despite similarities in offerings, distinctions can be noted in their market research rankings. ForexBrokers.com rates Swissquote at 16th place and Spreadex at 31st among 62 brokers, both earning a four-star rating in research. These positions highlight Swissquote's slightly more favorable standing, though both brokers deliver a solid foundation for informed trading decisions. With comprehensive tools and news access, traders can expect a robust experience whether choosing Swissquote or Spreadex.
| Feature |
Swissquote
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | Yes |
| 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, both Swissquote and Spreadex offer substantial content for those diving into forex and CFD trading. Swissquote provides a variety of educational materials such as articles, videos, and webinars, and hosts monthly online client webinars. These sessions are not only helpful but also archived for later viewing. Swissquote’s commitment to education extends to both beginner and advanced content, with an expansive library of videos tailored to traders at every level. Their educational offerings are complete with an investor dictionary that defines over 50 investing terms, making it an ideal choice for beginners eager to expand their knowledge.
Spreadex, on the other hand, also presents a solid foundation of educational resources with more than 10 beginner-focused educational videos and a library of articles and videos on forex and CFDs. They also provide an investor dictionary comparable to Swissquote's. However, unlike Swissquote, Spreadex does not schedule regular monthly webinars nor do they maintain a searchable archive of recorded webinars. Additionally, while they do offer beginner-friendly materials, their lack of advanced trading videos is noteworthy. Both brokers have been rated 4 stars for their educational services, yet Swissquote ranks higher at #21 compared to Spreadex's #45 in a survey of 62 brokers by ForexBrokers.com.
| Feature |
Swissquote
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| 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 Swissquote is better than Spreadex. Swissquote finished with an overall rank of #11, while Spreadex finished with an overall rank of #39.
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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Spreadex
|
|---|---|---|
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| Trust Score | 99 | 71 |
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Swissquote allows the purchase of both actual delivered cryptocurrency and cryptocurrency derivatives, whereas Spreadex only offers the ability to trade cryptocurrency derivatives.
When comparing online brokers Swissquote and Spreadex, Swissquote stands out by offering a wider range of deposit and withdrawal options, supporting ACH, SEPA, PayPal, and Skrill, in addition to Visa, Mastercard, and bank wires, whereas Spreadex provides fewer options, limited to Visa, Mastercard, and bank wire transactions.
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 | Spreadex | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | Swissquote Review | Spreadex Review |
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| Regulation | Swissquote | Spreadex | |
|---|---|---|---|
| Trust Score | 99 | 71 | |
| Year Founded | 1996 | 1999 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 5 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | Spreadex | |
|---|---|---|---|
| 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 | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Swissquote | Spreadex | |
|---|---|---|---|
| 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 | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 10000 | |
| Forex Pairs (Total) | 80 | 52 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 0.81 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Swissquote | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $1000 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Swissquote | Spreadex | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Swissquote | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 8 | |
| Charting - Indicators / Studies (Total) | 86 | 58 | |
| Charting - Drawing Tools (Total) | 75 | 11 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | Spreadex | |
|---|---|---|---|
| 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 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Swissquote | Spreadex | |
|---|---|---|---|
| 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 | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Swissquote | Spreadex | |
|---|---|---|---|
| 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 | Spreadex Review |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | Swissquote Review | Spreadex Review |
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