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 |
Swissquote, a well-respected Swiss banking conglomerate, may attract traders seeking security and prestige, but it comes at a higher cost that does not match the most cost-effective forex brokers. Its U.K. entity, Swissquote Ltd, generally offers more competitive rates and lower deposit requirements compared to the Swiss and Luxembourg branches, though with a somewhat limited range of products. The Elite account, for instance, appeals to active traders with a $10,000 minimum deposit and competitive spreads, but less frequent traders may find the Standard account's spreads beginning at 1.3 pips less attractive. Meanwhile, the Luxembourg and Swiss branches provide account options with varying deposit requirements and spread ranges, catering to a broad scope of trader needs. Swissquote scores a 3.5-star rating and ranks 53rd out of 63 brokers for commissions and fees.
FP Markets distinguishes itself with highly competitive pricing, especially for the Raw ECN accounts via MetaTrader and cTrader platforms. Known globally for its cost-efficiency, it has rightfully earned a Best in Class accolade for Commissions and Fees in 2024. With competitive spreads averaging just 0.1 pips for the Raw ECN account and a reasonable commission rate of $6 per round-turn lot, FP Markets appeals to serious traders seeking value. In contrast, the Standard account offers higher spreads, making it a less attractive option. The Iress platform provides advanced trading opportunities but comes at a higher cost unless meeting specific usage criteria. This outstanding structure earns FP Markets a 5-star rating and a commendable 6th place ranking among 63 brokers.
| 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 comparing Swissquote and FP Markets for their investment choices, both platforms allow for forex trading as either a CFD or spot contract. Swissquote provides access to 472 tradeable symbols, including 80 forex pairs, while FP Markets offers a more extensive selection of 10,000 symbols, which includes 71 forex pairs. Swissquote stands out by allowing clients to buy exchange-traded securities on U.S. and international exchanges, such as Apple shares on NASDAQ and Vodafone shares on the London Stock Exchange. In contrast, FP Markets does not offer this option. Both platforms include copy trading features, providing a way for clients to replicate the trading strategies of more experienced investors.
Cryptocurrency enthusiasts will find Swissquote appealing, as it offers the ability to buy actual delivered cryptocurrency, in addition to cryptocurrency derivatives. FP Markets, on the other hand, only provides options for buying cryptocurrency derivatives, not the actual cryptocurrencies themselves. In terms of how they’ve been rated for their range of investments, Swissquote earned a distinguished 5-star rating and holds the #2 spot in the Range of Investments category according to ForexBrokers.com. FP Markets isn't far behind with a 4.5-star rating and ranks #18 out of 63 brokers in the same category.
| 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 Swissquote and FP Markets for trading platforms and tools, both brokers stand out by offering a wide range of features tailored to cater to various trading preferences. Both Swissquote and FP Markets give traders access to free demo accounts, enabling them to explore paper trading before diving into real markets. They boast proprietary trading platforms developed in-house and offer full compatibility with MetaTrader 4 and MetaTrader 5, along with both desktop and web-based platforms. While they both support copy trading, options like DupliTrade and ZuluTrade are not available on either platform. Notably, Swissquote offers advanced charting capabilities with 75 drawing tools compared to FP Markets' 17, and allows traders to execute orders directly from stock charts. Both platforms provide customizable watch lists, with Swissquote offering eleven columns to FP Markets' seven.
Swissquote edges out FP Markets in ratings, securing 4.5 stars and a #12 ranking among 63 brokers for its trading platforms and tools, while FP Markets receives 4 stars and is ranked #23. The comprehensive offerings and slightly higher ranking make Swissquote an appealing choice for traders who value extensive charting features and a versatile trading environment. However, both brokers deliver strong performance with innovative tools that cater to both novice and experienced traders alike.
| 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 platforms provide robust experiences across iPhone and Android devices. Each supports stock or forex price alerts and allows drawing trendlines, offering a broad range of time frames for viewing charts. Users can create real-time watchlists on both apps, though neither allows for watchlist symbol syncing across mobile and online accounts. However, the difference arises in technical studies available: Swissquote offers 30, while FP Markets leans on the default offerings of MetaTrader. Additionally, both apps will auto-save any drawings made on charts, enhancing user convenience.
In terms of user ratings and rankings, Swissquote slightly edges out FP Markets with a 4.5-star rating compared to FP Markets' 4-star rating for their mobile trading apps. Furthermore, Swissquote holds a higher position, ranking 12th among 63 brokers, while FP Markets stands at 18th as per ForexBrokers.com. For users looking for a slightly more enhanced charting experience and a higher-rated app, Swissquote may be the preferred choice. However, both brokers provide strong mobile app offerings suitable for traders on the go.
| 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 excel in providing extensive market research tools and resources for traders looking to make informed decisions. Each broker offers daily market commentary and access to forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones, ensuring that traders are well-versed in the latest financial news. They also both provide tools from the renowned company Autochartist, catering to those interested in technical and fundamental analysis. In terms of additional features, FP Markets has the edge with tools from Trading Central and a sentiment-based trading tool, offering insights into market dynamics through a ratio of long or short positions across currency pairs.
While neither broker provides market research from TipRanks or tools from Acuity Trading, both Swissquote and FP Markets include an economic calendar to help traders stay updated on global news events. In terms of research ratings, both are awarded an impressive 4 out of 5 stars, though their rankings slightly differ. Swissquote holds a higher position at #16 out of 63 brokers, while FP Markets is ranked at #25, according to ForexBrokers.com. This comparison highlights that while both brokers offer strong research capabilities, FP Markets provides a slight advantage in sentiment analysis tools, whereas Swissquote is more recognized by independent evaluations.
| 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 it comes to educational resources for beginners, both Swissquote and FP Markets provide solid options for those looking to learn about forex and CFDs. Each broker offers more than ten educational pieces including articles, videos, and archived webinars focusing primarily on these topics. They both also host at least one online educational client webinar per month, offering consistent learning opportunities for traders. Furthermore, both brokers maintain a searchable archive of these webinars, allowing users to revisit past sessions at their convenience.
Swissquote and FP Markets go beyond just the basics with at least ten educational videos each tailored for beginners, as well as for experienced traders seeking advanced knowledge. They also offer investor dictionaries with over 50 investing terms, making it easy for beginners to familiarize themselves with industry jargon. Both brokers score a respectable 4 out of 5 stars for their educational offerings. In the ForexBrokers.com rankings, Swissquote comes in at #21 out of 63 brokers, slightly ahead of FP Markets at #23, indicating a marginal but noteworthy preference among users.
| 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 63 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
|
|---|---|---|
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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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