Written by ForexBrokers.com
In this head to head comparison of eToro vs Swissquote, 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.
eToro and Swissquote are prominent players in the online brokerage space, each offering unique strengths to investors. Established in 2007, eToro is a publicly traded company that provides a user-friendly platform for trading various financial instruments. While not a bank, eToro holds three Tier-1 licenses, reflecting a high level of trust, and has a ForexBrokers.com Trust Score of 96, marking it as highly trusted. Swissquote, on the other hand, was founded in 1996 and stands out as both a brokerage firm and a bank. Publicly traded and holding the advantage with five Tier-1 licenses, Swissquote is rated slightly higher with a Trust Score of 99, underscoring its strong reputation in the industry.
When comparing the regulatory credentials, Swissquote edges ahead with its banking status and a greater number of trusted licenses. However, eToro remains a solid choice, offering a secure and accessible trading environment. Both companies are regulated and traded on stock exchanges, indicating transparency and reliability. For investors prioritizing trust and regulatory oversight, both eToro and Swissquote present viable options, with Swissquote having a slight upper hand in trust score and regulatory licenses.
| Feature |
eToro
|
Swissquote
|
|---|---|---|
| Year Founded | 2007 | 1996 |
| Publicly Traded (Listed) | Yes | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 3 | 5 |
| Tier-2 Licenses | 1 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing the commissions and fees associated with eToro and Swissquote, eToro stands out for its innovative social copy trading platform rather than its trading costs. As a market-maker broker, eToro features a typical variable spread of 1 pip on the EUR/USD, which is slightly above the industry average. eToro does provide an attractive VIP program, called the eToro Club, which offers benefits like discounted fees and dedicated account managers for accounts ranging from $5,000 to $250,000. In terms of commissions and fees, eToro earns 4.5 stars and ranks #22 out of 63 brokers according to ForexBrokers.com.
Swissquote, on the other hand, excels in offering the prestige of a Swiss banking connection but at a premium cost, which makes its trading fees less competitive. Swissquote’s U.K. entity offers the most economical deals, with accounts like the Elite and Professional offering lower spreads with a $5 charge per round-turn trade, provided you deposit at least $10,000. The Standard account, however, starts with spreads at 1.3 pips, slightly higher than the 1.1 pips for the Prime account. Across its various entities, the trading costs reflect higher entry points and spreads than many competitors, leading to a 3.5-star rating and a #53 ranking from ForexBrokers.com.
Overall, while eToro and Swissquote both offer distinct benefits, eToro is better suited for those interested in a social trading experience with an above-average spread, whereas Swissquote appeals to those seeking a respected Swiss banking partner, albeit at a higher cost. Each broker has unique offerings suited to different types of investors, with eToro ranking higher in cost-efficiency compared to Swissquote's premium service offerings.
| Feature |
eToro
|
Swissquote
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $1000 |
| Average Spread EUR/USD - Standard | 1 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| 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 eToro and Swissquote, prospective investors can enjoy a diverse range of investment opportunities with both platforms. eToro boasts an impressive portfolio with 5,461 tradeable symbols and offers 55 forex pairs. They provide both CFD and spot contract options for forex trading, including the capability to trade on major U.S. exchanges like NASDAQ and international exchanges like the London Stock Exchange. Additionally, eToro allows for both delivered cryptocurrency investments and cryptocurrency derivatives, alongside its renowned copy trading feature.
Swissquote, though slightly limited in the overall number of tradeable symbols at 472, stands out with 80 forex pairs, also supporting CFDs and spot contracts for forex trading. Like eToro, Swissquote offers access to securities on major U.S. and international exchanges as well as the ability to trade in delivered cryptocurrencies and derivatives. Furthermore, Swissquote's advanced range of investments is highly regarded, earning it the second spot in ForexBrokers.com's rankings. Both platforms receive a 5-star rating for the extensive variety of investment options they provide, making them excellent choices for diverse investment strategies.
| Feature |
eToro
|
Swissquote
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 472 |
| Forex Pairs (Total) | 55 | 80 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | Yes |
| 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.
eToro and Swissquote both excel with their proprietary online trading platforms, offering a variety of tools to meet different investors' needs. Both platforms offer the benefit of paper trading with free virtual demo accounts, allowing users to practice their strategies without any financial risk. When it comes to platform accessibility, eToro provides a seamless web-based interface, while Swissquote offers both a web-based platform and a Windows-compatible desktop application for those preferring traditional PC setups. This distinction might appeal to users looking for more flexibility in how they choose to trade.
While both eToro and Swissquote support copy trading features to emulate successful traders, Swissquote stands out by offering the widely-used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are absent from eToro’s offerings. Chart enthusiasts may favor eToro, which provides 161 drawing tools compared to Swissquote’s 75. However, Swissquote allows trading directly from stock charts and offers more customized watch list columns than eToro, potentially catering to detail-oriented traders. Both brokers receive a commendable 4.5-star rating for their trading platforms and tools, with eToro ranked slightly higher at #8 compared to Swissquote’s #12 according to ForexBrokers.com.
| Feature |
eToro
|
Swissquote
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 104 | 86 |
| Charting - Drawing Tools (Total) | 161 | 75 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 11 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of eToro and Swissquote, both platforms cater to iPhone and Android users, offering accessible trading on the go. They both allow users to receive stock and forex price alerts, ensuring traders are kept up-to-date with market movements. However, a key difference lies in the watchlist feature; eToro provides symbol syncing, allowing user modifications to reflect seamlessly across devices. In contrast, Swissquote lacks this syncing capability. Charting tools are another area where these platforms differ significantly. eToro offers a wealth of 104 technical studies, whereas Swissquote provides a modest selection of 30.
In terms of chart functionality, Swissquote allows traders to draw trendlines and save those drawings automatically. Unfortunately, eToro does not support these features. Both apps do provide the ability to view stock and forex charts across various time frames and create watchlists with real-time quotes. Despite these differences, both eToro and Swissquote score similarly for their mobile trading apps, boasting a robust 4.5-star rating. On the ranking scale by ForexBrokers.com out of 63 brokers, eToro takes the 10th spot, while Swissquote is slightly behind at 12th place. This indicates a strong performance for both in the competitive landscape of mobile trading.
| Feature |
eToro
|
Swissquote
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of eToro and Swissquote, both platforms provide daily market commentary and feature economic calendars, aiding users in staying informed about global news events. However, eToro edges ahead with additional features such as sentiment-based trading tools and market research from TipRanks, which Swissquote lacks. Furthermore, eToro integrates tools from Trading Central, offering advanced technical analytics, while Swissquote collaborates with Autochartist, known for its technical analysis tools.
Swissquote distinguishes itself by offering forex news sourced from respected providers like Bloomberg and Reuters, a feature absent from eToro. When it comes down to user satisfaction ratings, eToro is favored slightly higher with a 4.5-star rating for research, compared to Swissquote's 4 stars. According to ForexBrokers.com, eToro holds the 13th spot among 63 brokers in the Research category, while Swissquote ranks 16th, reflecting varying strengths in their research capabilities but ultimately placing eToro ahead in this competitive analysis.
| Feature |
eToro
|
Swissquote
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When exploring educational resources for beginners, both eToro and Swissquote make strong contenders. Each offers a variety of forex and CFDs educational materials, including articles, videos, and archived webinars. This makes it easier for beginners to find the resources they need to learn at their own pace. Additionally, both platforms host online educational webinars monthly, ensuring that users are continually gaining fresh insights into trading. The availability of an extensive archive of previously recorded webinars adds to the convenience, allowing learners to revisit specific topics at any time.
Both broker platforms come equipped with educational videos tailored for both beginners and advanced traders, helping ensure that no matter your experience level, there's something to learn. While the two platforms offer comprehensive investor dictionaries with definitions of over 50 investing terms, eToro edges ahead with a slightly higher education rating of 4.5 stars compared to Swissquote’s 4 stars. This difference is reflected in their rankings by ForexBrokers.com, with eToro standing at #5 while Swissquote is positioned at #21 out of 63 brokers. Such distinctions may guide new traders in choosing a platform that aligns best with their educational needs.
| Feature |
eToro
|
Swissquote
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that eToro is better than Swissquote. eToro finished with an overall rank of #9, while Swissquote finished with an overall rank of #11.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
|
Swissquote
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 99 |
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Both eToro and Swissquote provide the capability to purchase actual delivered cryptocurrencies as well as cryptocurrency derivatives (not the actual cryptocurrency), offering comprehensive options to traders in the digital currency market.
Both eToro and Swissquote provide a comprehensive range of deposit and withdrawal options, including ACH and SEPA transfers, PayPal, Skrill, Visa, Mastercard, and bank wires, making them flexible choices for online trading needs.
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 | eToro | Swissquote | |
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| Trust Score | 96 | 99 | |
| Winner | check_circle | ||
| Review | eToro Review | Swissquote Review |
| Broker Screenshots | eToro | Swissquote | |
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| Regulation | eToro | Swissquote | |
|---|---|---|---|
| Trust Score | 96 | 99 | |
| Year Founded | 2007 | 1996 | |
| Publicly Traded (Listed) | Yes | Yes | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 5 | |
| Tier-2 Licenses | 1 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | eToro | Swissquote | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | Yes | |
| Switzerland (FINMA Authorised) | No | Yes | |
| 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 | Yes |
| Tier-2 Licenses (Trusted) | eToro | Swissquote | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | eToro | Swissquote | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 472 | |
| Forex Pairs (Total) | 55 | 80 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | Yes | |
| 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 | eToro | Swissquote | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | eToro | Swissquote | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $1000 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | eToro | Swissquote | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | eToro | Swissquote | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 11 | |
| Charting - Indicators / Studies (Total) | 104 | 86 | |
| Charting - Drawing Tools (Total) | 161 | 75 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | Swissquote | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 104 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | eToro | Swissquote | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | eToro | Swissquote | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | eToro | Swissquote | |
|---|---|---|---|
| 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 | eToro Review | Swissquote Review |
| Overall | eToro | Swissquote | |
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| Trust Score | 96 | 99 | |
| Winner | check_circle | ||
| Review | eToro Review | Swissquote Review |
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