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eToro vs Swissquote 2019

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Is eToro better than Swissquote? After scoring forex brokers on nearly 100 different variables, Swissquote is better than eToro. 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.

Overall Rating

Feature eToro Swissquote
Overall 4 4
eToro Review Swissquote Review
66% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money

Regulation

Feature eToro Swissquote
Trust Score 88 99
Year Founded
2007 1996
Publicly Traded (Listed)
No Yes
Bank
No Yes
Tier-1 Licenses
2 3
Tier-2 Licenses
1 1
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature eToro Swissquote
ASIC Authorised (Australia)
Yes No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No Yes
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No Yes
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
Yes No

Tier-2 Licenses

Feature eToro Swissquote
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
Yes No
ISA Authorised (Israel)
No No
FMA Authorised (New Zealand)
No No
CBR Authorised (Russia)
No No
FSB Authorised (South Africa)
No No
SEC Authorised (Thailand)
No No
DFSA / Central Bank Authorised (UAE)
No Yes

Tier-3 Licenses

Feature eToro Swissquote
FSC Authorised (British Virgin Islands)
No No
FSC Authorised (Mauritius)
No No
Offshore Authorised
No No

Investments

Feature eToro Swissquote
Forex: Spot Trading
Yes Yes
Currency Pairs (Total Forex pairs)
47 78
CFDs - Total Offered
1449 57
Cryptocurrency traded as actual
Yes Yes
Cryptocurrency traded as CFD
Yes No
Offering of Investments 4 4
Winner check_circle

Cost

Feature eToro Swissquote
Average Spread EUR/USD - Standard
3 (as of May 19) N/A
All-in Cost EUR/USD - Active
N/A N/A
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 3.5 3.5
Winner check_circle

Funding

Feature eToro Swissquote
Minimum Initial Deposit
$200 €500.00
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes Yes
Skrill (Deposit/Withdraw)
Yes Yes
UnionPay (Deposit/Withdraw)
No Yes

Trading Platforms

Feature 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

Trading Tools

Feature eToro Swissquote
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
6 7
Charting - Indicators / Studies (Total)
67 51
Charting - Drawing Tools (Total)
14 31
Charting - Trade From Chart
No Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 4 3.5
Winner check_circle

Mobile Trading

Feature eToro Swissquote
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
No Yes
Watch List
Yes Yes
Watch List Syncing
Yes No
Charting - Indicators / Studies
5 30
Charting - Draw Trend Lines
No Yes
Charting - Trend Lines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No No
Forex Calendar
No No
Mobile Trading 4 3.5
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Research

Feature eToro Swissquote
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
No Yes
Weekly Webinars
No Yes
AutoChartist
No Yes
Trading Central (Recognia)
No Yes
Delkos Research
No No
Social Trading / Copy-Trading
Yes Yes
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes Yes
Research 3 4
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Education

Feature eToro Swissquote
Has Education - Forex
Yes Yes
Has Education - CFDs
No No
Client Webinars
Yes Yes
Client Webinars (Archived)
No Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes No
Investor Dictionary (Glossary)
Yes Yes
Tutorials/Guide (PDF or Interactive)
No Yes
Education 4 3.5
Winner check_circle

Major Forex Pairs

Feature eToro Swissquote
GBPUSD (or USDGBP)
Yes Yes
USDJPY (or JPYUSD)
Yes Yes
EURUSD (or USDEUR)
Yes Yes
USDCHF (or CHFUSD)
Yes Yes
USDCAD (or CADUSD)
Yes Yes
NZDUSD (or USDNZD)
Yes Yes
AUDUSD (or USDAUD)
Yes Yes
USDCNH (or CNHUSD)
Yes Yes
USDSGD (or SGDUSD)
Yes Yes

Overall

Feature eToro Swissquote
eToro Review Swissquote Review
Overall 4 4
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To find the top fx brokers, the team here at ForexBrokers.com collected over 2,200 data points during a several month review of the forex industry. In this fx broker comparison, we will compare eToro vs Swissquote.

To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. Both eToro and Swissquote hold a 3.50 star rating.

Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. eToro alongside Swissquote are regulated in a major hub. Swissquote is a publicly traded company, while eToro is not. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Swissquote offers its clients access to 78 different currency pairs while eToro has 47 available pairs, a difference of 31.

To round out our comparison of eToro vs Swissquote, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Swissquote has Meta Trader, eToro doesn't. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. Swissquote boasts an offering of 31 charting tools compared to eToro's 14 available charting tools. eToro boasts an offering of 67 different indicators (for example, moving averages) compared to Swissquote's 51 available indicators.

eToro 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.

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