Written by ForexBrokers.com
In this head to head comparison of Swissquote vs XM Group, 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.
Comparing online brokers Swissquote and XM Group on regulation and safety: both score in the highly trusted range with ForexBrokers.com. Swissquote holds a Trust Score of 99 and XM Group 93 (90–99 is considered highly trusted). In terms of regulatory footprint, Swissquote has 5 Tier-1 (highly trusted) and 2 Tier-2 (trusted) licenses, while XM Group holds 4 Tier-1 and 3 Tier-2 licenses.
Looking at company background, Swissquote was founded in 1996, is publicly traded, and is a bank. XM Group was founded in 2009, is not publicly traded, and is not a bank. These distinctions can help you decide between a listed banking institution and a private brokerage, depending on your preferences.
| Feature |
Swissquote
|
XM Group
|
|---|---|---|
| Year Founded | 1996 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 4 |
| Tier-2 Licenses | 2 | 3 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When it comes to commissions and fees, Swissquote and XM Group are both priced above the cheapest forex brokers, but Swissquote has the added appeal of being tied to a Swiss banking group. That said, this convenience comes at a premium. Swissquote’s pricing varies by region and account type, with its U.K. entity generally offering the best value. For example, its Elite account charges a $5 round-turn commission and lower spreads, while Standard and Prime accounts can start from 1.3 pips and 0.6 pips on EUR/USD, respectively. Overall, Swissquote is rated 3.5 out of 5 stars for commissions and fees and is ranked #35 out of 36 brokers by ForexBrokers.com.
XM Group also receives a 3.5-star rating for commissions and fees and is ranked slightly higher at #34 out of 36 brokers. Its Standard account is known for relatively high spreads, and while XM Zero uses a commission-based setup, the broker does not publish average spread data for that account, which makes it harder to compare cost side by side. In simple terms, XM is not usually the lower-cost choice for frequent traders.
For most traders comparing the two, neither broker stands out as a true low-fee leader. Swissquote may suit those who value banking stability and are willing to pay more for it, while XM Group may appeal to traders who prefer a simpler account structure. If low trading costs are the main goal, both brokers trail the best-priced options in the market.
| Feature |
Swissquote
|
XM Group
|
|---|---|---|
| Minimum Deposit | $1000 | $5 |
| Average spread (EUR/USD) - Standard account | N/A | 2 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to range of investments, Swissquote and XM Group both give traders access to forex, stock trading on U.S. and international exchanges, copy trading, and cryptocurrency CFDs. Swissquote offers 472 tradeable symbols and 80 forex pairs, while XM Group provides a much larger list of 1,429 tradeable symbols but only 55 forex pairs. In simple terms, XM Group has more markets overall, but Swissquote offers a wider selection of forex pairs.
Swissquote also stands out for crypto access, since it lets clients buy actual cryptocurrency as well as crypto CFDs, while XM Group only offers crypto CFDs. That extra choice helps explain why Swissquote is rated 5 stars for Range of Investments and ranked #2 out of 36 brokers by ForexBrokers.com, compared with XM Group’s 4.5-star rating and #19 ranking. For investors who want more flexibility across assets, Swissquote has the edge.
| Feature |
Swissquote
|
XM Group
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 1429 |
| Forex Pairs (Total) | 80 | 55 |
| U.S. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | Yes | No |
| 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.
Swissquote and XM Group both give traders a strong set of platform choices, including free demo accounts for practice, web-based trading, Windows desktop downloads, MetaTrader 4, MetaTrader 5, copy trading, and the ability to trade straight from a chart. The main difference is that Swissquote also offers its own in-house platform, while XM Group relies on third-party platforms rather than a proprietary one. For traders who want flexibility across devices and styles, both brokers cover the basics well.
When it comes to trading platforms and tools, Swissquote has the edge overall. It is rated 4.5 out of 5 stars and ranks #12 out of 36 brokers on ForexBrokers.com, while XM Group is rated 4 stars and ranks #27. If you are comparing the two mainly for platform variety and tools, Swissquote stands out slightly more, though XM Group still offers a solid and familiar setup for everyday trading.
| Feature |
Swissquote
|
XM Group
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 86 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Swissquote and XM Group both offer mobile trading apps for iPhone and Android, along with stock and forex price alerts, 30 technical studies for charting, and the ability to draw trendlines on charts. That means both brokers give traders a solid set of tools for checking markets and managing trades on the go. In this comparison, Swissquote stands out with a 4.5-star Mobile Trading Apps rating and a #12 rank out of 36 brokers from ForexBrokers.com, while XM Group holds a 4-star rating and ranks #26.
The biggest difference is watchlist syncing and chart saving. XM Group lets watchlists sync between the mobile app and the online account, so updates carry over both ways, while Swissquote does not offer this feature. On the other hand, Swissquote automatically saves chart drawings in its mobile app, which XM Group does not. For traders who want easier watchlist management, XM Group has the edge; for those who want drawings saved automatically, Swissquote may be the better fit.
| Feature |
Swissquote
|
XM Group
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
Swissquote and XM Group both give traders daily market commentary, forex news from major sources like Bloomberg and Reuters, and an economic calendar for tracking global events. They also each earn strong marks for research, with Swissquote rated 4.5 out of 5 stars and ranked #15 out of 36 brokers by ForexBrokers.com, while XM Group scores a full 5 stars and ranks #8.
The main difference is in their extra research tools. Swissquote offers Autochartist, which can help spot chart patterns and trading opportunities, but it does not include Trading Central or sentiment tools. XM Group takes the opposite approach, offering Trading Central and a sentiment tool that shows how traders are positioned, but it does not provide Autochartist. Neither broker includes TipRanks or Acuity Trading.
| Feature |
Swissquote
|
XM Group
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | Yes |
| Client sentiment data | No | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to learning support for beginners, both Swissquote and XM Group give new traders plenty of educational material. Each broker offers forex and CFDs learning content, regular online webinars, and at least 10 beginner-focused videos, along with advanced videos for traders who want to go further. In simple terms, both platforms make it possible for beginners to start learning the basics and then build their skills over time.
That said, XM Group comes out ahead overall for education. It is rated 5 out of 5 stars for Education and ranks #5 out of 36 brokers at ForexBrokers.com, while Swissquote is rated 4.5 stars and ranks #19. So, although Swissquote still offers strong learning tools, XM Group appears to provide the better education experience for beginners looking for more guidance and a wider learning path.
| Feature |
Swissquote
|
XM Group
|
|---|---|---|
| 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 Swissquote is better than XM Group. Swissquote finished with an overall rank of #11, while XM Group finished with an overall rank of #16.
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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XM Group
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|---|---|---|
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| Trust Score | 99 | 93 |
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In the Swissquote vs XM Group comparison, Swissquote lets you buy actual delivered cryptocurrencies and trade crypto CFDs, while XM Group does not support buying real crypto but does offer cryptocurrency CFDs.
In a head-to-head comparison of online brokers Swissquote vs XM Group, Swissquote supports ACH/SEPA transfers and PayPal (not available at XM Group), while both brokers offer Skrill and bank wire options for deposits and withdrawals.
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 | XM Group | |
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| Trust Score | 99 | 93 | |
| Winner | check_circle | ||
| Review | Swissquote Review | XM Group Review |
| Broker Screenshots | Swissquote | XM Group | |
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| Regulation | Swissquote | XM Group | |
|---|---|---|---|
| Trust Score | 99 | 93 | |
| Year Founded | 1996 | 2009 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 4 | |
| Tier-2 Licenses | 2 | 3 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | XM Group | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| 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) | Swissquote | XM Group | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Swissquote | XM Group | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 1429 | |
| Forex Pairs (Total) | 80 | 55 | |
| U.S. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | Yes | No | |
| 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 | Swissquote | XM Group | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | 2 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Swissquote | XM Group | |
|---|---|---|---|
| Minimum Deposit | $1000 | $5 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | Swissquote | XM Group | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | Swissquote | XM Group | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 86 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | XM Group | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Swissquote | XM Group | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | XM Group | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Swissquote | XM Group | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Swissquote Review | XM Group Review |
| Overall | Swissquote | XM Group | |
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| Trust Score | 99 | 93 | |
| Winner | check_circle | ||
| Review | Swissquote Review | XM Group Review |
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