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.
Swissquote and Spreadex present different profiles when it comes to online trading reliability and credibility. Founded in 1996, Swissquote is not only publicly traded but also operates as a bank, giving it a solid standing in financial circles. The company boasts a perfect Trust Score of 99 from ForexBrokers.com, reflecting its highly reputable status. This is further supported by its possession of five Tier-1 licenses and one Tier-2 license. Such licensing indicates a high level of oversight and trust, making Swissquote a compelling choice for those seeking a highly trusted trading platform.
In contrast, established in 1999, Spreadex is a private company that does not operate as a bank. It holds a Trust Score of 71 from ForexBrokers.com, placing it in the average risk category. Spreadex holds one Tier-1 license, signifying a lower level of regulatory endorsement compared to Swissquote. Despite these differences, broker selection ultimately depends on individual preferences and trading needs, but understanding these distinctions can aid in making a more informed decision.
| Feature |
Swissquote
|
Spreadex
|
|---|---|---|
| Year Founded | 1996 | 1999 |
| 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 | 0 |
When comparing Swissquote and Spreadex on commissions and fees, both platforms have distinct profiles that cater to different types of investors. Swissquote, affiliated with a reputable Swiss banking group, charges a slight premium for its trading services. This is evident in its U.K. entity where spread offerings vary across different account types, such as the Elite account that demands a $10,000 deposit but offers more favorable spreads, with a charge of $5 per round-turn trade. In contrast, the Luxembourg branch aligns similarly with the U.K. branch in terms of pricing, offering spreads as low as 0.8 pips for the Prime account. The Swiss branch offers varied accounts, but spreads start at 1.1 pips in the Prime category, which is slightly above the industry standard. Swissquote is rated 3.5 stars for commissions and fees and ranks 52nd out of 62 brokers in this category.
Spreadex, on the other hand, presents a more streamlined fee structure with competitive spreads, reflecting an average of 0.81 pips on EUR/USD, and attaining a minimum of 0.6 pips around 60% of the time in a given month. This reflects Spreadex’s focus on offering lower costs, making it attractive for traders who prioritize minimizing trading expenses. Consequently, it boasts a higher rating of 4 stars for its commissions and fees and is ranked 30th out of 62 brokers, marking it a more economical choice compared to Swissquote's offering.
Ultimately, the choice between Swissquote and Spreadex largely hinges on a trader’s preference for cost versus the prestige and security of trading under a Swiss bank umbrella. While Swissquote offers a variety of accounts with distinct thresholds and pricing structures, Spreadex stands out for its relatively lower trading costs, receiving higher marks and rankings in the industry. Investors looking for cost efficiency may gravitate towards Spreadex, whereas those searching for a reputable banking affiliation might consider Swissquote, despite its higher fees.
| 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.
When comparing Swissquote and Spreadex in terms of their trading platforms and tools, Swissquote clearly stands out with its wide range of features designed to enhance the trading experience. Swissquote offers a free virtual demo account, providing an excellent opportunity for traders to practice and hone their skills without any financial risk, a feature not provided by Spreadex. Both platforms have their proprietary software, but Swissquote also supports third-party tools like MetaTrader 4 and 5, offering additional flexibility, while Spreadex does not. Swissquote provides both a downloadable desktop platform for Windows and a web-based platform, accommodating diverse user preferences. This versatility is contrasted with Spreadex, which only features a web-based platform.
Charting capabilities further highlight the distinctions between the two brokers, with Swissquote providing 75 drawing tools compared to Spreadex’s 11, thereby offering more comprehensive analysis options. Both Swissquote and Spreadex allow direct trading from charts, enhancing ease of use, yet Swissquote’s eleven fields for watch lists surpass the eight offered by Spreadex. Swissquote supports copy trading for users looking to emulate the strategies of successful traders, a feature absent in Spreadex. With these advantages, Swissquote receives a higher rating of 4.5 stars out of 5 for its trading platforms and tools, and is ranked 11th among 62 brokers by ForexBrokers.com, significantly ahead of Spreadex, which ranks 46th and holds a 4-star rating.
| Feature |
Swissquote
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| 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 | 55 |
| 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 considering mobile trading apps, both Swissquote and Spreadex provide applications for iPhone and Android users, ensuring flexibility for traders on the go. The apps from both brokers come equipped with price alert features for stocks and forex, adding to their user-friendly design. However, a point of difference arises in watchlist management; neither platform offers synchronized watchlists between the app and online account. Swissquote stands out in providing more comprehensive charting capabilities, offering 30 technical studies compared to Spreadex's unspecified options. Traders can draw trendlines and view multiple time frames on both apps, but Swissquote takes a step further with auto-saving chart drawings, a feature Spreadex lacks.
For real-time trading, both platforms allow users to create watchlists with live quotes, catering to the needs of active traders. Evaluations place Swissquote slightly ahead with a mobile app rating of 4.5 stars, compared to Spreadex’s 4-star rating. According to ForexBrokers.com, among 62 brokers, Swissquote secures the 10th spot in the Mobile Trading Apps category, whereas Spreadex holds the 49th position. Considering these factors, Swissquote offers a slightly more advanced mobile trading experience with greater charting functionalities, although both platforms offer solid performances in essential features.
| 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 daily market commentary and access to forex news from respected sources such as Bloomberg, Reuters, and Dow Jones. However, Swissquote takes a step ahead by providing technical analysis tools from Autochartist, while Spreadex does not. On the other hand, Spreadex offers a sentiment-based trading tool that helps traders understand the market mood by showing the ratio of long and short positions across various instruments, a feature Swissquote lacks.
Both Swissquote and Spreadex provide an economic calendar that displays upcoming global news events, ensuring traders stay informed on critical market developments. Although neither offers research tools from Trading Central or Acuity Trading, Swissquote edges out with a slightly higher rank for research, being placed at #16 out of 62 brokers by ForexBrokers.com compared to Spreadex's #31 ranking. Despite these differences, both brokers receive a solid four-star rating for research, highlighting their commitment to supporting traders with valuable market insights.
| Feature |
Swissquote
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| 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
|
|---|---|---|
| Overall Rating |
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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 |
| Broker Screenshots | Swissquote | Spreadex | |
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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 | 1 | 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) | No | 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 | No | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 8 | |
| Charting - Indicators / Studies (Total) | 86 | 55 | |
| 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 | No | |
| 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 |
| Overall | Swissquote | Spreadex | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | Swissquote Review | Spreadex Review |
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