ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure

Swissquote vs eToro 2020

Is eToro better than Swissquote? After testing 30 of the best forex brokers over five months, Swissquote is better than eToro. Traders willing to pay a premium to have their brokerage account held with a Swiss bank choose Swissquote for its competitive, multi-asset offering. That said, Swissquote's UK-based offering provides better pricing despite offering a smaller range of markets.



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 Swissquote eToro
Overall 4 4
Swissquote Review eToro Review
79% of retail CFD accounts lose money 75% of retail CFD accounts lose money

Regulation

Feature Swissquote eToro
Trust Score 99 91
Year Founded
1996 2007
Publicly Traded (Listed)
Yes No
Bank
Yes No
Tier-1 Licenses
4 2
Tier-2 Licenses
1 1
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

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

Investments

Feature Swissquote eToro
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
78 47
CFDs - Total Offered
49 2314
Cryptocurrency traded as actual
Yes Yes
Cryptocurrency traded as CFD
No Yes
Offering of Investments 4.5 4.5
Winner check_circle

Cost

Feature Swissquote eToro
Average Spread EUR/USD - Standard
N/A 1 (August 2020)
All-in Cost EUR/USD - Active
N/A N/A
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 3.5 3
Winner check_circle

Funding

Feature Swissquote eToro
Minimum Initial Deposit
$1000.00 $200
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes Yes
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature Swissquote eToro
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
Yes No
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes No
MetaTrader 5 (MT5)
Yes No
cTrader
No No

Trading Tools

Feature Swissquote eToro
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
7 6
Charting - Indicators / Studies (Total)
49 66
Charting - Drawing Tools (Total)
16 13
Charting - Trade From Chart
Yes No
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 4 4
Winner check_circle

Mobile Trading

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

Research

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

Education

Feature Swissquote eToro
Has Education - Forex
Yes Yes
Has Education - CFDs
No No
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes No
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
No Yes
Investor Dictionary (Glossary)
Yes Yes
Education 4 4
Winner check_circle

Major Forex Pairs

Feature Swissquote eToro
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

Overall

Feature Swissquote eToro
Swissquote Review eToro Review
Overall 4 4
Winner check_circle

Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 forex and CFD brokerages to find the best forex broker. Let's compare eToro vs Swissquote.

Does eToro or Swissquote offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Swissquote offers better pricing overall for traders.

Is eToro or Swissquote safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. Swissquote holds 4 global Tier-1 licenses, while eToro holds 2. Both eToro and Swissquote hold 1 global Tier-2 licenses. All regulators considered, Swissquote has a Trust Score of 99.00, while eToro's Trust Score is 91.00.

Which trading platform is better: eToro or Swissquote?
To compare the trading platforms of both eToro and Swissquote, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, eToro offers a better experience. With research, Swissquote offers superior market research. Finally, we found eToro to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. eToro and Swissquote both offer copy trading. Swissquote offers MetaTrader 4 (MT4), while eToro does not.

How many forex pairs and CFDs are available to trade?
Swissquote provides traders 78 currency pairs (e.g., EUR/USD) compared to eToro's 47 available pairs. Forex pairs aside, eToro offers traders access to 2314 CFDs while Swissquote has 49 available CFDs, a difference of 2,265.

Overall, between eToro and Swissquote, Swissquote is the better forex broker.

eToro Review
Swissquote Review

Related Comparisons



Trading CFDs, FX, and cryptocurrencies involve 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 01/20/2020 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.

The names, products, services, branding/logos, and other trademarks or images featured or cited within this Website (www.forexbrokers.com) are the property of their respective owners and the owners retain all legal rights therein. These trademark holders are not affiliated with ForexBrokers.com and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses ForexBrokers.com or any of its reviews, products, or services. ForexBrokers.com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated.

arrow_drop_upBack to top