Written by ForexBrokers.com
In this head to head comparison of Swissquote vs FXOpen, 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 Swissquote and FXOpen, it's evident that Swissquote stands out in terms of trust and regulatory standing. Founded in 1996, Swissquote is not just a broker but also a bank, and it is even publicly traded. This level of transparency contributes to its highest possible Trust Score rating of 99 according to ForexBrokers.com, indicating a high level of trust. Swissquote's extensive regulatory compliance is reflected in its possession of 5 Tier-1 licenses and 2 Tier-2 licenses, which mark it as a highly trusted institution.
On the other hand, FXOpen, founded in 2003, is not publicly traded nor a bank. It possesses a Trust Score of 76, indicating average risk. While it holds 2 Tier-1 licenses, it lacks any Tier-2 licenses, highlighting a more limited regulatory footprint compared to Swissquote. This difference in regulatory credentials and public transparency may influence investor confidence and the perception of trustworthiness between the two firms.
| Feature |
Swissquote
|
FXOpen
|
|---|---|---|
| Year Founded | 1996 | 2003 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 2 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When comparing Swissquote and FXOpen on commissions and fees, Swissquote is primarily known for the appeal of banking with a prestigious Swiss institution, which results in comparatively higher trading costs. Swissquote offers various account options across its different entities in the U.K., Luxembourg, and Switzerland, each with unique fee structures. For example, in the U.K., the Elite account, which requires a $10,000 deposit, stands out for active traders due to its lower spreads and a $5 commission per round-turn trade. However, standard accounts tend to have wider spreads, making them less attractive. In contrast, FXOpen offers a more competitive fee structure without average spread data readily available, making it a potentially cost-effective choice for traders.
FXOpen is rated 4 stars out of 5 for its commissions and fees, reflecting its position as a favorable choice among traders looking for lower costs. It ranks 44th out of 63 brokers by ForexBrokers.com in this category. Meanwhile, Swissquote receives a 3.5-star rating and is ranked 53rd, indicative of its slightly higher pricing that might not appeal as much to budget-conscious traders. The ranking highlights FXOpen’s edge over Swissquote in offering more wallet-friendly trading terms.
Overall, if your priority is lower trading costs, FXOpen may have the edge over Swissquote, particularly for traders mindful of fees. Swissquote, while offering a premium banking experience, tends to have fees that are not the most competitive among forex brokers. For those considering these brokers, evaluating the specific fee structures in relation to your trading habits and deposit levels will be essential in making an informed decision.
| Feature |
Swissquote
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $1000 | $100 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| 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 the range of investments offered by Swissquote and FXOpen, it becomes evident that Swissquote provides a more comprehensive selection. Swissquote offers 472 tradeable symbols, including 80 forex pairs, whereas FXOpen provides 87 symbols with only 25 forex pairs. Both platforms support forex trading in the form of CFDs or spot contracts; however, Swissquote takes the lead by providing access to exchange-traded securities on U.S. and international markets, allowing investors to purchase stocks like Apple or Vodafone outright, a feature not available with FXOpen.
For those interested in cryptocurrency, Swissquote again appears more versatile as it allows clients to buy both actual and derivative forms of cryptocurrencies. On the contrary, FXOpen confines this to cryptocurrency derivatives only. Both brokers do facilitate copy trading, catering to investors looking to mirror the strategies of successful traders. According to ForexBrokers.com, Swissquote's investment range receives a stellar five-star rating, ranking second among 63 brokers, while FXOpen earns three stars and ranks 62nd in the same category. This data highlights Swissquote's broader selection and elevated standing in the market, offering clients more diversity in their investment choices.
| Feature |
Swissquote
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 87 |
| Forex Pairs (Total) | 80 | 25 |
| 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools of Swissquote and FXOpen, both brokers provide traders with a range of options that cater to different trading preferences. Swissquote stands out with its proprietary platform, offering a more customized trading experience. Both brokers support popular platforms like MetaTrader 4 and MetaTrader 5, ensuring a familiar interface for seasoned traders. Additionally, both Swissquote and FXOpen offer web-based platforms and Windows-based desktop options, providing flexibility in how users access the market. Simulated trading is well supported, as both brokers offer free virtual demo accounts, allowing new and experienced traders to test strategies without risk.
When it comes to specific features, Swissquote edges out FXOpen by providing more advanced charting capabilities with 75 drawing tools compared to FXOpen's 15. While both brokers allow for direct chart trading, Swissquote also offers more comprehensive watch list customization with 11 columns versus FXOpen's 7. In terms of trading aids, both brokers support copy trading, yet FXOpen distinguishes itself with additional support for ZuluTrade. In ratings, Swissquote achieves a slightly higher score of 4.5 stars compared to FXOpen’s 4 stars for their trading platforms and tools. When ranked among 63 brokers by ForexBrokers.com, Swissquote comes in at #12, a significant leap ahead of FXOpen’s #53 ranking.
| Feature |
Swissquote
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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 | Yes |
| Charting - Indicators / Studies (Total) | 86 | 30 |
| Charting - Drawing Tools (Total) | 75 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Swissquote and FXOpen offer user-friendly mobile trading apps available for iPhone and Android, enabling traders to stay connected on the go. Users of both apps have access to valuable features such as stock and forex price alerts, as well as the ability to create watchlists with real-time quotes. Additionally, each app provides an array of 30 technical studies for charting, and users can draw trendlines and view various time frames, such as daily or weekly charts. However, while the Swissquote app automatically saves chart drawings, FXOpen's app does not offer this convenience.
In terms of app ratings and industry rankings, Swissquote shines more brightly than FXOpen. Swissquote holds a commendable rating of 4.5 stars for its mobile trading app, compared to FXOpen's 4 stars. Furthermore, Swissquote is ranked 12th out of 63 brokers by ForexBrokers.com in the Mobile Trading Apps category, indicating a strong performance and user satisfaction. In contrast, FXOpen ranks 54th, suggesting room for improvement. While both platforms offer solid trading tools, Swissquote just edges ahead in providing a more polished mobile trading experience.
| Feature |
Swissquote
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When considering online brokers for market research, Swissquote and FXOpen both provide essential resources designed to aid traders. Both brokers offer daily market commentary and deliver forex news from renowned sources like Bloomberg, Reuters, or Dow Jones. Additionally, they each provide an economic calendar to keep traders informed of ongoing and future global events. However, a notable difference lies in their technical analysis offerings. Swissquote partners with Autochartist to provide an array of technical analysis tools, whereas FXOpen does not offer tools from this provider.
When evaluated for their research capabilities, Swissquote secures a higher rating with 4 stars, compared to FXOpen's 3 stars. This higher rating reflects in their ranking by ForexBrokers.com, where Swissquote holds the 16th position out of 63 brokers, showcasing a strong standing in market research. In contrast, FXOpen ranks last at #63, indicating there may be limitations in its research offerings compared to its counterparts. Neither broker stands out in providing tools or insights from Trading Central, TipRanks, or Acuity Trading, indicating room for enhanced offerings in these areas.
| Feature |
Swissquote
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Swissquote to FXOpen in terms of educational resources for beginners, Swissquote stands out as a more comprehensive option. Swissquote offers a wide array of learning materials, including over 10 educational pieces on forex and CFDs, such as articles, videos, and webinars. They also provide online educational webinars every month, which are great opportunities for beginners to learn directly from experts. These webinars are not only accessible live but also archived for those who wish to revisit the lessons at their convenience. Moreover, Swissquote has a rich collection of videos tailored to both beginners and advanced traders, ensuring that users have resources available as they progress in their trading journey.
FXOpen, on the other hand, falls short in several areas of educational support for beginners. While they do offer an investor dictionary with definitions of over 50 investing terms, they do not provide the same breadth of educational content as Swissquote. FXOpen lacks a structured program for regular webinars, a vast library of beginner-focused videos, and a searchable archive of past webinars. These limitations contribute to FXOpen's lower education rating of 3 out of 5 stars compared to Swissquote's 4 stars. Furthermore, in the education category, Swissquote is ranked much higher, securing the 21st spot out of 63 brokers by ForexBrokers.com, whereas FXOpen is ranked at 58th. Overall, for those new to trading, Swissquote offers a more extensive educational platform, better suited for building foundational knowledge and skills in forex and CFDs trading.
| Feature |
Swissquote
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| 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 FXOpen. Swissquote finished with an overall rank of #11, while FXOpen finished with an overall rank of #54.
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
|
FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 76 |
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Swissquote offers investors the option to purchase actual delivered cryptocurrency, in addition to cryptocurrency derivatives, while FXOpen provides access only to cryptocurrency derivatives without the capability to buy actual cryptocurrency.
When comparing online brokers Swissquote and FXOpen, Swissquote supports ACH, SEPA, PayPal, Skrill, Visa, Mastercard, and bank wire transfers for deposits and withdrawals, while FXOpen offers Skrill, Visa, Mastercard, and bank wire transfers, but lacks ACH, SEPA, and PayPal options.
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 | FXOpen | |
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| Trust Score | 99 | 76 | |
| Winner | check_circle | ||
| Review | Swissquote Review |
| Broker Screenshots | Swissquote | FXOpen | |
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| Regulation | Swissquote | FXOpen | |
|---|---|---|---|
| Trust Score | 99 | 76 | |
| Year Founded | 1996 | 2003 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| 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 | Yes | |
| 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 | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Swissquote | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 87 | |
| Forex Pairs (Total) | 80 | 25 | |
| 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). |
| Cost | Swissquote | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Swissquote | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $1000 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| 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 | FXOpen | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Swissquote | FXOpen | |
|---|---|---|---|
| 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 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | FXOpen | |
|---|---|---|---|
| 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 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Swissquote | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Swissquote | FXOpen | |
|---|---|---|---|
| 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 |
| Overall | Swissquote | FXOpen | |
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| Trust Score | 99 | 76 | |
| Winner | check_circle | ||
| Review | Swissquote Review |
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