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Swissquote vs AvaTrade 2019
Is AvaTrade better than Swissquote? After assessing forex brokers on nearly 100 different variables, Swissquote is better than AvaTrade. Swissquote is a trusted, global multi-asset broker and bank offering traders access to over two million products, from forex to CFDs, exchange-traded securities, wealth advisory services, underlying cryptocurrencies, and more.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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| Open Account |
Overall Rating
| Feature | Swissquote | AvaTrade |
| Overall | ||
| Swissquote Review | AvaTrade Review | |
| 74-89% of retail CFD accounts lose money | 74-89% of retail CFD accounts lose money |
Regulation
| Feature | Swissquote | AvaTrade |
| Trust Score | ||
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Year Founded |
1996 | 2006 |
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Publicly Traded (Listed) |
Yes | No |
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Bank |
Yes | No |
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Tier-1 Licenses |
3 | 2 |
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Tier-2 Licenses |
1 | 1 |
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Tier-3 Licenses |
0 | 2 |
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Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses
| Feature | Swissquote | AvaTrade |
|
ASIC Authorised (Australia) |
No | Yes |
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IIROC Authorised (Canada) |
No | Yes |
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SFC Authorised (Hong Kong) |
Yes | No |
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FSA Authorised (Japan) |
No | Yes |
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MAS Authorised (Singapore) |
No | No |
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FINMA Authorised (Switzerland) |
Yes | No |
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FCA Authorised (UK) |
Yes | No |
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CFTC Registered (USA) |
No | No |
Tier-2 Licenses
| Feature | Swissquote | AvaTrade |
|
CBRC Authorised (China) |
No | No |
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CySEC Authorised (Cyprus) |
No | No |
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ISA Authorised (Israel) |
No | No |
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FMA Authorised (New Zealand) |
No | No |
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CBR Authorised (Russia) |
No | No |
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FSB Authorised (South Africa) |
No | Yes |
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SEC Authorised (Thailand) |
No | No |
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DFSA / Central Bank Authorised (UAE) |
Yes | No |
Tier-3 Licenses
| Feature | Swissquote | AvaTrade |
|
FSC Authorised (British Virgin Islands) |
No | Yes |
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FSC Authorised (Mauritius) |
No | No |
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Offshore Authorised |
No | Yes |
Investments
| Feature | Swissquote | AvaTrade |
|
Forex: Spot Trading |
Yes | Yes |
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Currency Pairs (Total Forex pairs) |
78 | 60 |
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CFDs - Total Offered |
57 | 171 |
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Cryptocurrency traded as actual |
Yes | No |
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Cryptocurrency traded as CFD |
No | Yes |
| Offering of Investments | ||
| Winner | check_circle |
Cost
| Feature | Swissquote | AvaTrade |
|
Average Spread EUR/USD - Standard |
N/A | 0.7 (as of Q3 2018) |
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All-in Cost EUR/USD - Active |
N/A | N/A |
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Active Trader or VIP Discounts |
Yes | Yes |
| Commissions & Fees | ||
| Winner | check_circle |
Funding
| Feature | Swissquote | AvaTrade |
|
Minimum Initial Deposit |
€500.00 | $100.00 |
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Bank Wire (Deposit/Withdraw) |
Yes | Yes |
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Visa/Mastercard (Credit/Debit) |
Yes | Yes |
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PayPal (Deposit/Withdraw) |
Yes | Yes |
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Skrill (Deposit/Withdraw) |
Yes | Yes |
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UnionPay (Deposit/Withdraw) |
Yes | No |
Trading Platforms
| Feature | Swissquote | AvaTrade |
|
Proprietary Platform |
Yes | Yes |
|
Desktop Platform (Windows) |
Yes | Yes |
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Web Platform |
Yes | Yes |
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Social Trading / Copy-Trading |
Yes | Yes |
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MetaTrader 4 (MT4) |
Yes | Yes |
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MetaTrader 5 (MT5) |
Yes | No |
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cTrader |
No | No |
Trading Tools
| Feature | Swissquote | AvaTrade |
|
Virtual Trading (Demo) |
Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes |
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Watchlists - Total Fields |
7 | 7 |
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Charting - Indicators / Studies (Total) |
51 | 51 |
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Charting - Drawing Tools (Total) |
31 | 31 |
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Charting - Trade From Chart |
Yes | Yes |
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Charting - Drawings Autosave |
Yes | Yes |
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Order Type - Trailing Stop |
Yes | Yes |
| Platform & Tools | ||
| Winner | check_circle |
Mobile Trading
| Feature | Swissquote | AvaTrade |
|
Android App |
Yes | Yes |
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Apple iOS App |
Yes | Yes |
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Trading - Forex |
Yes | Yes |
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Trading - CFDs |
Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes |
|
Watch List |
Yes | Yes |
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Watch List Syncing |
No | No |
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Charting - Indicators / Studies |
30 | 30 |
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Charting - Draw Trend Lines |
Yes | Yes |
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Charting - Trend Lines Moveable |
No | Yes |
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Charting - Multiple Time Frames |
Yes | Yes |
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Charting - Drawings Autosave |
No | No |
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Forex Calendar |
No | No |
| Mobile Trading | ||
| Winner | check_circle |
Research
| Feature | Swissquote | AvaTrade |
|
Daily Market Commentary |
Yes | Yes |
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Forex News (Top-Tier Sources) |
Yes | No |
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Weekly Webinars |
Yes | No |
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AutoChartist |
Yes | Yes |
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Trading Central (Recognia) |
Yes | No |
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Delkos Research |
No | No |
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Social Trading / Copy-Trading |
Yes | Yes |
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Social Sentiment - Currency Pairs |
No | No |
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Economic Calendar |
Yes | Yes |
| Research | ||
| Winner | check_circle |
Education
| Feature | Swissquote | AvaTrade |
|
Has Education - Forex |
Yes | Yes |
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Has Education - CFDs |
No | No |
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Client Webinars |
Yes | No |
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Client Webinars (Archived) |
Yes | No |
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Videos - Beginner Trading Videos |
Yes | Yes |
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Videos - Advanced Trading Videos |
No | Yes |
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Investor Dictionary (Glossary) |
Yes | Yes |
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Tutorials/Guide (PDF or Interactive) |
Yes | Yes |
| Education | ||
| Winner | check_circle |
Major Forex Pairs
| Feature | Swissquote | AvaTrade |
|
GBPUSD (or USDGBP) |
Yes | Yes |
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USDJPY (or JPYUSD) |
Yes | Yes |
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EURUSD (or USDEUR) |
Yes | Yes |
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USDCHF (or CHFUSD) |
Yes | Yes |
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USDCAD (or CADUSD) |
Yes | Yes |
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NZDUSD (or USDNZD) |
Yes | Yes |
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AUDUSD (or USDAUD) |
Yes | Yes |
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USDCNH (or CNHUSD) |
Yes | Yes |
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USDSGD (or SGDUSD) |
Yes | Yes |
Overall
| Feature | Swissquote | AvaTrade |
| Swissquote Review | AvaTrade Review | |
| Overall | ||
| Winner | check_circle |
After spending several months and hundreds of hours researching 28 different forex brokers for trading FX, our team at ForexBrokers.com team collected over 2,200 data points. For this review, we will compare AvaTrade vs Swissquote.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. Both AvaTrade and Swissquote are rated 3.50 stars.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Both AvaTrade and Swissquote are regulated in a major hub. Swissquote is a publicly traded company, while AvaTrade is not. As far as how many currency pairs are available for trading, here's the answer. AvaTrade trails Swissquote by 18 total currency pairs (for example, EUR/USD), with Swissquote offering 78 and AvaTrade offering 60.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Both AvaTrade and Swissquote offer Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. Both AvaTrade and Swissquote provide clients with access to 31 total charting tools. Both AvaTrade and Swissquote provide clients with access to 51 total indicators (eg, moving averages).
AvaTrade Review
Swissquote Review
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. Both AvaTrade and Swissquote are rated 3.50 stars.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Both AvaTrade and Swissquote are regulated in a major hub. Swissquote is a publicly traded company, while AvaTrade is not. As far as how many currency pairs are available for trading, here's the answer. AvaTrade trails Swissquote by 18 total currency pairs (for example, EUR/USD), with Swissquote offering 78 and AvaTrade offering 60.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Both AvaTrade and Swissquote offer Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. Both AvaTrade and Swissquote provide clients with access to 31 total charting tools. Both AvaTrade and Swissquote provide clients with access to 51 total indicators (eg, moving averages).
AvaTrade Review
Swissquote Review
Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.
