Swissquote vs CMC Markets Review

After spending seven months and hundreds of hours researching 43 different forex brokers for trading FX, our team at ForexBrokers.com team collected over 6,000 data points. For this review, we will compare CMC Markets 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. CMC Markets received a rating of 5.00 stars over Swissquote's 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 CMC Markets and Swissquote are regulated in a major hub. CMC Markets alongside Swissquote are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. Swissquote trails CMC Markets by 105 total currency pairs (for example, EUR/USD), with CMC Markets offering 183 and Swissquote offering 78.

Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Swissquote has Meta Trader, CMC Markets doesn't. 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. Swissquote boasts an offering of 31 charting tools compared to CMC Markets's 24 available charting tools. Swissquote trails CMC Markets by 23 total different indicators (for example, moving averages), with CMC Markets offering 74 and Swissquote offering 51.

Overall, CMC Markets takes the upper hand with 4.50 stars over Swissquote's 4.00 stars. And, when it comes to individual category awards, Swissquote posted awards Best in Class - Customer Service in 2018, while CMC Markets found itself with Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Active Trading and Best in Class - Mobile Trading.