Written by ForexBrokers.com
In this head to head comparison of FOREX.com 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.
When comparing the online brokers FOREX.com and Swissquote, both boast a perfect Trust Score of 99 from ForexBrokers.com, signaling them as highly trusted platforms. FOREX.com was founded in 1999 and is publicly traded, although it is not a bank. On the other hand, Swissquote, established in 1996, is both publicly traded and operates as a bank. This distinction may attract those seeking the security associated with banking institutions when choosing Swissquote.
In terms of regulatory credentials, FOREX.com holds a slight edge with 7 Tier-1 licenses, which are regarded as highly trusted, compared to Swissquote's 5. Conversely, Swissquote holds 2 Tier-2 licenses, one more than FOREX.com, offering an additional layer of regulatory trust. These factors make both brokers highly appealing, but your choice might depend on whether you prioritize more Tier-1 licenses or the combination with banking services.
| Feature |
FOREX.com
|
Swissquote
|
|---|---|---|
| Year Founded | 1999 | 1996 |
| Publicly Traded (Listed) | Yes | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 7 | 5 |
| Tier-2 Licenses | 1 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing the commissions and fees of FOREX.com and Swissquote, it's clear that both brokers offer unique pricing structures. FOREX.com, rated at 4.5 stars, ranks 13th out of 63 brokers in the Commissions and Fees category. It employs various execution methods and account types, including a Standard account for MetaTrader users with an average spread of 1.4 pips on the EUR/USD. While this can be costly, especially within the U.S., their RAW account provides lower spreads starting from 0.13 pips, plus a commission, and is tailored for active traders. Unless you trade volumes exceeding $50 million monthly, the cost differences between FOREX.com’s account types remain minimal for U.S. residents.
In contrast, Swissquote is rated at 3.5 stars and ranked 53rd, reflecting higher trading expenses typical of a Swiss banking institution. Despite offering a sense of prestige, Swissquote struggles to match the low costs of competitive brokers. Within Swissquote's U.K. branch, the Elite account for active traders grants reduced spreads with a $5 charge per round-turn trade, requiring a minimum deposit of $10,000. Comparatively, the U.K. Standard account starts with spreads at 1.3 pips on the EUR/USD, whereas the Luxembourg branch offers varying account types with minimum spreads from 0.8 pips for Prime account holders.
All Swiss entity accounts start at higher spread levels, with the Standard account requiring a $1,000 deposit and featuring spreads from 1.7 pips on the EUR/USD. The Swiss Premium account lowers the spread to 1.4 pips, but calls for a $10,000 deposit. For those seeking more competitive pricing, Swissquote's Prime account demands a $50,000 deposit, offering spreads from 1.1 pips. Although Swissquote allows for custom pricing for active traders, its volume-based pricing remains largely undisclosed, making it a less predictable choice for cost-conscious traders.
| Feature |
FOREX.com
|
Swissquote
|
|---|---|---|
| Minimum Deposit | $100 | $1000 |
| Average Spread EUR/USD - Standard | 1.4 | N/A |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments available at FOREX.com and Swissquote, both platforms cater to forex traders with 80 tradeable forex pairs each, offering opportunities in both CFD and spot contracts. However, FOREX.com boasts a larger variety with 5,500 tradeable symbols compared to Swissquote's 472. Despite this, Swissquote provides access to exchange-traded securities on both U.S. and international exchanges, unlike FOREX.com, where such investments are limited to CFDs. Swissquote also stands out with the added feature of copy trading and the ability to purchase actual cryptocurrencies, offering a broader spectrum for those interested in diversifying their investment portfolio.
Both platforms have achieved a top rating of five stars for their range of investments, but Swissquote is ranked higher, securing the second spot among 63 brokers by ForexBrokers.com. FOREX.com follows closely at seventh place, thanks to its extensive list of tradeable symbols and cryptocurrency derivatives. Ultimately, while FOREX.com provides an extensive array of tradeable symbols, Swissquote excels in offering a more diverse portfolio, including international equities, copy trading, and direct cryptocurrency purchases, making it a compelling choice for investors seeking variety beyond traditional forex trading.
| Feature |
FOREX.com
|
Swissquote
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 472 |
| Forex Pairs (Total) | 80 | 80 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | 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.
When evaluating trading platforms and tools, both FOREX.com and Swissquote offer traders a range of features to meet their needs. Both brokers provide a free virtual demo account for paper trading, allowing users to practice without risking real money. They each have developed their own proprietary platforms, and both offer Windows-based desktop, as well as web-based trading access via browser. FOREX.com and Swissquote also support popular platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5), but neither offers DupliTrade or ZuluTrade for social trading. However, Swissquote stands apart by providing copy trading, whereas FOREX.com does not.
In terms of charting tools, FOREX.com excels, offering 239 drawing tools compared to Swissquote’s 75, and has a higher capacity for watch list customization with 20 fields against Swissquote’s 11. Both brokers allow users to trade directly from a stock chart. FOREX.com receives a 5-star rating for its trading platforms and tools, ranking 7th out of 63 brokers on ForexBrokers.com. Swissquote follows closely with a 4.5-star rating, holding the 12th position. These comparisons highlight the strengths each broker offers, guiding traders in making an informed decision based on their trading style and tool preferences.
| Feature |
FOREX.com
|
Swissquote
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 88 | 86 |
| Charting - Drawing Tools (Total) | 239 | 75 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 20 | 11 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FOREX.com and Swissquote, both brokers offer apps compatible with iPhone and Android devices, providing traders with access to stock and forex price alerts as well as the ability to view multiple time frames on charts. Both platforms allow for drawing trendlines and automatically save these drawings, catering to traders who require detailed technical analysis on the go. However, FOREX.com stands out with an impressive offering of 88 technical studies for charting, compared to Swissquote's 30. Additionally, FOREX.com supports watchlist symbol syncing between its mobile app and online accounts, a feature not available with Swissquote. This syncing capability can provide added convenience for traders who frequently switch between devices.
In terms of user satisfaction, FOREX.com receives a stellar 5-star rating for its mobile trading apps, slightly ahead of Swissquote's 4.5 stars. This difference is also reflected in industry rankings, with FOREX.com placing 3rd out of 63 brokers according to ForexBrokers.com, while Swissquote holds the 12th position. Both apps allow creating watchlists with real-time quotes, enriching traders’ abilities to stay on top of market movements. With these distinctions, FOREX.com offers a broader range of analysis tools and greater integration between its mobile and web platforms, making it a strong contender for traders seeking comprehensive mobile functionality.
| Feature |
FOREX.com
|
Swissquote
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research capabilities of FOREX.com and Swissquote, both brokers offer daily market commentary and provide forex news from reputable sources such as Bloomberg, Reuters, and Dow Jones. However, when it comes to research tools, there are distinct differences. FOREX.com is equipped with tools from Trading Central, including Technical Analytics, and offers a sentiment-based trading tool that reveals the ratio of long versus short positions in currency pairs. In contrast, Swissquote provides technical analysis tools from Autochartist but does not feature sentiment-based tools or Trading Central analytics. Additionally, neither broker supplies market research through TipRanks or Acuity Trading.
Both brokers offer an economic calendar that highlights current and upcoming global economic events, offering users the ability to stay updated on critical financial developments. Despite these similarities, FOREX.com surpasses Swissquote in overall research offerings, boasting a 4.5-star rating compared to Swissquote's 4-star rating. According to ForexBrokers.com, FOREX.com ranks 9th out of 63 brokers in the research category, whereas Swissquote is ranked 16th, reflecting FOREX.com's slight edge in providing comprehensive market research tools and insights.
| Feature |
FOREX.com
|
Swissquote
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
FOREX.com and Swissquote both provide a rich collection of educational materials tailored for beginners in forex and CFDs trading. Each platform offers more than 10 educational pieces such as articles, videos, and archived webinars focusing on forex and CFDs. Both brokers host at least one educational webinar monthly, coupled with a searchable archive of past sessions. These resources provide a solid foundation for newcomers looking to understand trading intricacies.
Specifically, FOREX.com offers at least 10 beginner-focused educational videos, paralleled by Swissquote’s similar effort for beginners. Both platforms extend learning opportunities with advanced video content targeting seasoned traders. In addition, they each feature an investor dictionary with definitions for over 50 trading terms, offering clarity for novices. However, when it comes to rankings, FOREX.com shines brighter with a 4.5-star rating compared to Swissquote’s 4-star rating, securing fourth place out of 63 brokers, while Swissquote lands at the 21st spot according to ForexBrokers.com. This suggests that while both provide substantial educational resources, FOREX.com is perceived as the slightly superior option for educational offerings.
| Feature |
FOREX.com
|
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 FOREX.com is better than Swissquote. FOREX.com finished with an overall rank of #5, while Swissquote finished with an overall rank of #11.
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
| Feature |
FOREX.com
|
Swissquote
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 99 |
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While FOREX.com allows trading of cryptocurrency derivatives but does not offer the option to buy actual, delivered cryptocurrencies, Swissquote provides both the ability to purchase actual cryptocurrencies and trade in cryptocurrency derivatives.
Both FOREX.com and Swissquote provide multiple options for depositing and withdrawing account funds, including ACH or SEPA transfers, PayPal, and Visa or Mastercard, but Swissquote additionally supports Skrill, while both brokers also accept bank wires.
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 | FOREX.com | Swissquote | |
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| Trust Score | 99 | 99 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | Swissquote Review |
| Broker Screenshots | FOREX.com | Swissquote | |
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| Regulation | FOREX.com | Swissquote | |
|---|---|---|---|
| Trust Score | 99 | 99 | |
| Year Founded | 1999 | 1996 | |
| Publicly Traded (Listed) | Yes | Yes | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 5 | |
| Tier-2 Licenses | 1 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | FOREX.com | Swissquote | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | Yes | |
| Switzerland (FINMA Authorised) | No | Yes | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FOREX.com | Swissquote | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FOREX.com | Swissquote | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 472 | |
| Forex Pairs (Total) | 80 | 80 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | 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 | FOREX.com | Swissquote | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | N/A | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FOREX.com | Swissquote | |
|---|---|---|---|
| Minimum Deposit | $100 | $1000 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | FOREX.com | Swissquote | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FOREX.com | Swissquote | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 20 | 11 | |
| Charting - Indicators / Studies (Total) | 88 | 86 | |
| Charting - Drawing Tools (Total) | 239 | 75 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FOREX.com | 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 | 88 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FOREX.com | Swissquote | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FOREX.com | 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 | FOREX.com | 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 | FOREX.com Review | Swissquote Review |
| Overall | FOREX.com | Swissquote | |
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| Trust Score | 99 | 99 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | Swissquote Review |
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