Written by ForexBrokers.com
In this head to head comparison of Swissquote vs Xtrade, 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 it comes to choosing an online broker, understanding the regulatory landscape can be crucial. Swissquote, established in 1996, is a notable choice as it holds a Trust Score of 99 out of 99, indicating a highly trusted status according to ForexBrokers.com. This Swiss broker is not only publicly traded but is also a bank, giving it a solid foundation in financial markets. Swissquote boasts 5 Tier-1 licenses, highlighting its dependable and well-regulated nature. Additionally, it holds 2 Tier-2 licenses, further establishing its credibility as a trusted broker.
Founded in 2003, Xtrade offers a different set of features. While it is not publicly traded nor a bank, Xtrade maintains a Trust Score of 74, classified as an average risk option. With 1 Tier-1 and 1 Tier-2 license, Xtrade provides a baseline level of trust, though it does not reach the same regulatory stature as Swissquote. For investors prioritizing regulation and trust, these factors may be crucial when deciding between these two online brokers.
| Feature |
Swissquote
|
Xtrade
|
|---|---|---|
| Year Founded | 1996 | 2003 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 1 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Swissquote and Xtrade offer different experiences when it comes to trading commissions and fees, reflecting their unique market positions. Swissquote, known for its Swiss banking heritage, commands a slight premium in costs, making lower-cost forex operators seem more attractive on this front. The commission and spread structures vary notably across its different geographic entities. Swissquote U.K. provides four account types with the Elite account offering the most competitive terms for active traders, featuring specific benefits such as lower spreads and a $5 charge per round-turn trade. However, their Standard and Prime accounts come with higher spreads, starting at 1.3 pips for EUR/USD for the Standard and 0.6 pips as a minimum for the Prime account.
This pricing structure continues across Swissquote's Luxembourg and Swiss entities with nuances in minimum deposit requirements and spread ranges. For instance, the Luxembourg Prime account starts at 0.8 pips while Swiss offerings begin at higher thresholds, such as 1.7 pips for the Standard account in Switzerland. Meanwhile, Xtrade’s lack of available average spread data provides less transparency compared to Swissquote's clearly stated costs, which can affect decision-making for traders concerned with precise fee structures.
In terms of ratings, Swissquote also holds a higher edge with 3.5 stars out of five for commissions and fees—ranking #52 out of 62 by ForexBrokers.com—while Xtrade scores 2.5 stars and finds itself at the bottom of the rankings, positioned at #62. This discrepancy suggests Swissquote might offer a more satisfactory fee structure for those evaluating brokers based on financial costs alone.
| Feature |
Swissquote
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $1000 | $250 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| 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 | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Swissquote and Xtrade for their range of investments, both platforms provide opportunities in forex trading, offering forex as both a CFD and spot contract. Swissquote features 472 tradeable symbols, while Xtrade offers a slightly higher number at 482. However, Swissquote stands out with 80 tradeable forex pairs compared to Xtrade's 56, showcasing a broader selection for forex traders.
Swissquote extends its offering with the ability to buy exchange-traded securities on both U.S. and international exchanges, allowing clients access to stocks like Apple and Vodafone. Xtrade, on the other hand, does not offer this capability, focusing solely on non-CFD instruments. Additionally, Swissquote supports copy trading and allows clients to buy both actual cryptocurrency and cryptocurrency derivatives. Meanwhile, Xtrade restricts its cryptocurrency services to derivatives only. Ultimately, Swissquote receives a superior rating of 5 stars and ranks second among 62 brokers by ForexBrokers.com, while Xtrade earns a 3.5-star rating, securing the 49th spot.
| Feature |
Swissquote
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 482 |
| Forex Pairs (Total) | 80 | 56 |
| 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 Xtrade both offer innovative trading platforms developed in-house, catering to a diverse range of traders. While both brokers support web-based platforms and offer free virtual demo accounts for simulated trading, Swissquote extends its offerings by providing a Windows-based desktop download platform, which Xtrade does not. Swissquote also excels with the integration of popular third-party platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5), options that are unavailable with Xtrade. Though both platforms allow trading directly from stock charts and provide web-based access, Swissquote takes the lead with copy trading features, which Xtrade does not support.
When it comes to charting tools, Xtrade offers a slight advantage with 100 drawing tools compared to Swissquote's 75. However, Swissquote's trading interface comes equipped with 11 configurable columns for watch lists, offering better customization against Xtrade's 9 columns. In terms of overall effectiveness and user satisfaction, Swissquote receives a higher rating of 4.5 stars compared to Xtrade's 3.5 stars. Furthermore, Swissquote ranks significantly higher, at #12, within the Trading Platforms and Tools category on ForexBrokers.com, while Xtrade sits lower at #58 out of 62 brokers. This comprehensive set of features and tools makes Swissquote a preferred choice for traders seeking a versatile and powerful trading experience.
| Feature |
Swissquote
|
Xtrade
|
|---|---|---|
| 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 | N/A |
| Charting - Drawing Tools (Total) | 75 | 100 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Swissquote and Xtrade, both brokers provide options for iPhone and Android users, ensuring accessibility across popular smartphone platforms. However, Swissquote seems to have an edge when it comes to features and functionalities. Swissquote offers price alerts for stocks and forex, which Xtrade does not. This is beneficial for traders looking to stay updated with rapid market movements. Both apps lack the ability to sync watchlist symbols with online accounts, which might be a limitation for users who manage their portfolio on multiple devices.
In terms of charting tools, Swissquote takes the lead with 30 technical studies available for analysis, along with the capability to draw trendlines and view charts in multiple time frames. These tools are essential for in-depth market analysis. Additionally, the Swissquote app autosaves chart drawings, provides real-time quote watchlists, and achieves a commendable 4.5-star rating for mobile trading compared to Xtrade's 4-star rating. Reflecting these differences, Swissquote's app is ranked #11 by ForexBrokers.com, far ahead of Xtrade's ranking of #53, making it the more appealing choice for traders looking for comprehensive mobile trading features.
| Feature |
Swissquote
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
Both Swissquote and Xtrade provide daily market commentary and forex news from leading sources like Bloomberg and Reuters, ensuring traders stay informed about market developments. Swissquote enhances its market insights with advanced tools from Autochartist, a feature Xtrade does not offer. However, neither platform includes tools from Trading Central or sentiment-based trading tools, and both lack market research from TipRanks and tools from Acuity Trading.
For economic planning, both brokers provide economic calendars with global news events. Despite these similarities, Swissquote holds a higher research rating at four stars compared to Xtrade's 3.5 stars. This superior performance is reflected in their rankings, with Swissquote positioned at #16 and Xtrade at #52 out of 62 brokers according to ForexBrokers.com. This suggests that Swissquote may be the preferred choice for traders seeking comprehensive market research tools and insights.
| Feature |
Swissquote
|
Xtrade
|
|---|---|---|
| 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 | 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 aimed at helping beginners learn about forex and CFDs, both Swissquote and Xtrade provide a comprehensive array, each offering a minimum of 10 educational pieces such as articles and videos. However, Swissquote sets itself apart with a more interactive learning experience by hosting monthly online webinars for clients, which Xtrade doesn't offer. Moreover, Swissquote provides a searchable archive of these webinars, granting users easy access to past learning sessions, a feature that is notably absent with Xtrade.
For those who prefer video content, Swissquote again has an edge by offering well over 10 beginner-focused educational videos alongside resources aimed at advanced traders. Xtrade, although supportive with educational content, lacks this extensive video library tailored for novices and experienced traders alike. Both platforms maintain investor dictionaries with extensive entries to help demystify trading terminology. Overall, Swissquote's educational offerings earn it a rating of 4 out of 5 stars, while Xtrade receives 3.5 stars. According to ForexBrokers.com, Swissquote takes the 21st spot among 62 brokers for education, significantly ahead of Xtrade, which ranks 46th.
| Feature |
Swissquote
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| 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 Xtrade. Swissquote finished with an overall rank of #11, while Xtrade finished with an overall rank of #59.
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
|
Xtrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 74 |
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While both Swissquote and Xtrade provide options for trading cryptocurrency derivatives, Swissquote uniquely enables investors to purchase actual cryptocurrencies directly, distinguishing it from Xtrade, which does not offer this feature.
In comparing online brokers Swissquote and Xtrade, both offer Skrill, Visa, Mastercard, and bank wire options for depositing and withdrawing account funds, but Swissquote additionally supports ACH, SEPA, and PayPal transfers, whereas Xtrade does not provide these options.
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 | Xtrade | |
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| Trust Score | 99 | 74 | |
| Winner | check_circle | ||
| Review | Swissquote Review | Xtrade Review |
| Broker Screenshots | Swissquote | Xtrade | |
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| Regulation | Swissquote | Xtrade | |
|---|---|---|---|
| Trust Score | 99 | 74 | |
| Year Founded | 1996 | 2003 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 1 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | Xtrade | |
|---|---|---|---|
| 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 | 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 | Xtrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Swissquote | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 482 | |
| Forex Pairs (Total) | 80 | 56 | |
| 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 | Xtrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| 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 | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $1000 | $250 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Swissquote | Xtrade | |
|---|---|---|---|
| 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 | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 11 | 9 | |
| Charting - Indicators / Studies (Total) | 86 | N/A | |
| Charting - Drawing Tools (Total) | 75 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Swissquote | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | Swissquote | Xtrade | |
|---|---|---|---|
| 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 | No | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Swissquote | Xtrade | |
|---|---|---|---|
| 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 | Xtrade Review |
| Overall | Swissquote | Xtrade | |
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| Trust Score | 99 | 74 | |
| Winner | check_circle | ||
| Review | Swissquote Review | Xtrade Review |
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