Written by ForexBrokers.com
In this head to head comparison of Swissquote vs FP Markets, 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 choosing an online broker, comparing Swissquote and FP Markets reveals important insights into their trustworthiness and regulatory status. Swissquote, established in 1996, stands out with a ForexBrokers.com Trust Score of 99 out of 99, indicating a highly trusted reputation. Being a publicly traded bank, Swissquote provides enhanced security and transparency for its clients. It holds five Tier-1 licenses and two Tier-2 licenses, reinforcing its established position in the financial market.
In contrast, FP Markets, founded in 2005, holds a Trust Score of 89 out of 99, conveying a status of trustworthiness. Although not publicly traded and not a bank, FP Markets still demonstrates credibility with two Tier-1 licenses and one Tier-2 license. These distinctions reflect its commitment to regulatory compliance, albeit with a shorter and slightly less extensive track record compared to Swissquote.
| Feature |
Swissquote
|
FP Markets
|
|---|---|---|
| Year Founded | 1996 | 2005 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing Swissquote to FP Markets in terms of commissions and fees, there are notable differences that traders should consider. Swissquote, backed by a reputable Swiss banking conglomerate, charges a premium for its services, which may not appeal to those looking for the lowest trading costs. Spreads vary significantly across its different branches, with the U.K. entity offering slightly lower costs compared to its Switzerland and Luxembourg branches. Swissquote provides a range of account types, with its Elite account offering competitive spreads but requiring a $10,000 deposit. However, standard account options might not be as appealing, with minimum spreads starting at 1.3 pips for EUR/USD transactions. Swissquote garners a 3.5-star rating for commissions and fees and ranks 52nd out of 62 brokers in this category.
FP Markets, on the other hand, is known for its highly competitive pricing, particularly through its commission-based Raw ECN account offered on both MetaTrader and cTrader platforms. This account boasts low average spreads of 0.1 pips for EUR/USD, with a flat-rate commission that results in an all-in spread of 0.8 pips. FP Markets has earned accolades, including a Best in Class honor for Commissions and Fees in 2024, and it holds a strong 5-star rating. Standard accounts typically have higher spreads, but the overall pricing remains attractive, especially for those seeking value. FP Markets is ranked 6th out of 62 brokers by ForexBrokers.com for commissions and fees, reflecting its strong position in the market.
While Swissquote offers the prestige of a Swiss banking institution and multiple account options, traders focused on cost-efficiency may find FP Markets to be the more appealing choice. FP Markets provides direct market access and competitive rates, though its Iress ViewPoint platform might be better suited for those with high-balance accounts. Traders should weigh the benefits of Swissquote's banking heritage against FP Markets' cost-effective trading environment to determine the best fit for their investment strategies.
| Feature |
Swissquote
|
FP Markets
|
|---|---|---|
| Minimum Deposit | $1000 | $100 AUD |
| Average Spread EUR/USD - Standard | N/A | 1.2 |
| All-in Cost EUR/USD - Active | N/A | 0.7 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| 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 examining the range of investments offered by Swissquote and FP Markets, both platforms present unique strengths tailored to different investor needs. Swissquote provides a broad selection of assets with 472 tradeable symbols, including 80 forex pairs. Notably, it allows clients to access exchange-traded securities on both U.S. and international exchanges, offering the opportunity to buy real stocks like Apple and Vodafone. Additionally, Swissquote stands out by enabling the purchase of actual cryptocurrencies alongside CFDs for crypto trading. Its comprehensive offerings earn it a strong rating of 5 stars in the range of investments, placing it second among 62 brokers according to ForexBrokers.com.
FP Markets, on the other hand, impresses with a vast selection of over 10,000 tradeable symbols, although its focus remains more on forex trading with 71 pairs available. While it doesn’t offer direct access to U.S. or international exchange-traded securities, FP Markets does support crypto trading through derivatives. It also includes features like copy trading, making it attractive for diverse trading strategies. Rated 4.5 stars for its investment range, FP Markets holds the 18th spot in the category rankings by ForexBrokers.com, solidifying its reputation as a formidable online broker for forex and derivatives trading.
| Feature |
Swissquote
|
FP Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 10000 |
| Forex Pairs (Total) | 80 | 71 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | No |
| 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 comparing the trading platforms and tools offered by Swissquote and FP Markets, both brokers provide an extensive suite of features catering to traders of all levels. Both companies offer free virtual demo accounts, proprietary platforms, and a range of downloadable and web-based platforms. Swissquote and FP Markets also support popular platforms like MetaTrader 4 and MetaTrader 5, with the added feature of copy trading. However, neither broker includes DupliTrade or ZuluTrade in their offerings. Swissquote sets itself apart with an impressive 75 drawing tools for charting, while FP Markets offers 17. Additionally, Swissquote provides the option to enhance watch lists with 11 columns of data compared to FP Markets' 7.
When it comes to ratings and rankings, Swissquote is slightly ahead, boasting a 4.5-star rating for its Trading Platforms and Tools as opposed to FP Markets' 4-star rating. In rankings by ForexBrokers.com, Swissquote holds the 12th position out of 62, while FP Markets is ranked 23rd. Both brokers allow traders to execute trades directly from their charts, offering a seamless trading experience. With their comprehensive offerings and support for a range of tools and platforms, Swissquote and FP Markets remain competitive choices for online traders.
| Feature |
Swissquote
|
FP Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 86 | 30 |
| Charting - Drawing Tools (Total) | 75 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Swissquote and FP Markets, both brokers offer comprehensive solutions for iPhone and Android users, ensuring accessibility across popular devices. Swissquote stands out with an extensive suite of 30 technical studies available for charting, providing traders with a robust analytical toolkit, while FP Markets adopts the default MetaTrader setup. Both apps provide essential features like stock and forex price alerts, the ability to draw trendlines, and support for multiple time frames, offering traders flexibility and convenience when analyzing market data. Real-time quotes for watchlists are also a staple feature in both apps; however, neither platform supports watchlist symbol syncing with the user's online account.
In terms of user experience and satisfaction, Swissquote achieves a higher rating with 4.5 stars compared to FP Markets' 4 stars, reflecting a slightly better user feedback. According to ForexBrokers.com, Swissquote is ranked 11th out of 62 brokers for mobile trading apps, whereas FP Markets holds the 18th position. Despite the differences, both apps enable traders to auto-save their chart drawings, ensuring user-generated content remains intact throughout trading sessions. Whether you're keen on extensive charting capabilities or general app performance, both Swissquote and FP Markets offer competitive platforms for mobile traders.
| Feature |
Swissquote
|
FP Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | MetaTrader (Default) |
| 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.
Both Swissquote and FP Markets provide daily market commentary, ensuring their users stay informed with timely insights. Each platform delivers forex news sourced from esteemed names like Bloomberg and Reuters, adding a layer of reliability to the information provided. When it comes to analytical tools, both brokers incorporate Autochartist technology to assist traders in their technical and fundamental research tasks. However, FP Markets stands out by offering additional technical analysis tools from Trading Central, enhancing users' research capabilities. FP Markets also provides a sentiment analysis tool, displaying trends on long and short positions, which Swissquote does not offer.
Neither Swissquote nor FP Markets incorporates research tools from TipRanks or Acuity Trading, maintaining a common ground in this aspect. Both have economic calendars to keep traders updated on global news events. In terms of ratings, Swissquote and FP Markets each receive four stars for research quality, but Swissquote is ranked higher at 16 out of 62 brokers by ForexBrokers.com, compared to FP Markets, which ranks at 25. This comparison highlights the strengths and distinctions between the two, helping potential users choose the broker most aligned with their research needs.
| Feature |
Swissquote
|
FP Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources for beginners provided by Swissquote and FP Markets, both online brokers shine with extensive offerings. Each platform provides more than ten educational pieces, including articles, videos, and webinars focused on forex and CFDs, giving novices a solid foundation. Additionally, both brokers host monthly online webinars and maintain searchable archives of past sessions. This setup makes learning accessible at any time, ensuring users can reinforce their understanding whenever needed.
For those exploring the basics, both Swissquote and FP Markets offer a wealth of beginner-friendly trading videos. They also support advanced traders with a collection of more sophisticated educational content. Each broker provides an investor dictionary with definitions for over 50 investing terms, aiding users in mastering the necessary jargon. With both rated 4 stars for their educational content, Swissquote barely edges FP Markets in rankings, coming in at #21 against FP Markets’ #23 as per ForexBrokers.com. This slight difference showcases how competitive their educational offerings truly are.
| Feature |
Swissquote
|
FP Markets
|
|---|---|---|
| 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 62 of the best forex brokers, our research and account testing finds that Swissquote is better than FP Markets. Swissquote finished with an overall rank of #11, while FP Markets finished with an overall rank of #19.
Traders choose Swissquote for its quality research and vast multi-asset offering – as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank.
| Feature |
Swissquote
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FP Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 89 |
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In comparing online brokers Swissquote and FP Markets, Swissquote stands out by offering the ability to purchase actual delivered cryptocurrency, a feature that FP Markets does not provide, while both platforms offer the option to buy cryptocurrency derivatives.
When comparing online brokers Swissquote and FP Markets, Swissquote offers both ACH and SEPA transfers, unlike FP Markets which does not provide these options, while both brokers support PayPal, Skrill, Visa, Mastercard, and bank wire transfers for depositing or withdrawing account funds.
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 | Swissquote | FP Markets | |
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| Trust Score | 99 | 89 | |
| Winner | check_circle | ||
| Review | Swissquote Review | FP Markets Review |
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| Regulation | Swissquote | FP Markets | |
|---|---|---|---|
| Trust Score | 99 | 89 | |
| Year Founded | 1996 | 2005 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 2 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | FP Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| 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) | Swissquote | FP Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Swissquote | FP Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 10000 | |
| Forex Pairs (Total) | 80 | 71 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| 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 | Swissquote | FP Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | 0.7 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Swissquote | FP Markets | |
|---|---|---|---|
| Minimum Deposit | $1000 | $100 AUD | |
| 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 | No |
| Trading Platforms | Swissquote | FP Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Swissquote | FP Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 7 | |
| Charting - Indicators / Studies (Total) | 86 | 30 | |
| Charting - Drawing Tools (Total) | 75 | 17 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | FP Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | MetaTrader (Default) | |
| 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 | Swissquote | FP Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | FP Markets | |
|---|---|---|---|
| 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 | Swissquote | FP Markets | |
|---|---|---|---|
| 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 | Swissquote Review | FP Markets Review |
| Overall | Swissquote | FP Markets | |
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| Trust Score | 99 | 89 | |
| Winner | check_circle | ||
| Review | Swissquote Review | FP Markets Review |
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