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

FXCM vs Swissquote 2020

Is FXCM better than Swissquote? After testing 30 of the best forex brokers over five months, FXCM is better than Swissquote. While its range of tradeable markets is narrow and pricing is just average for everyday trading, FXCM caters to multiple trader types. High-volume traders, algorithmic traders, and, overall, traders that appreciate robust trading tools alongside quality market research will find FXCM to be a good fit.



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 FXCM Swissquote
Overall 4.5 4
FXCM Review Swissquote Review
75.38% of retail CFD accounts lose money 77% of retail CFD accounts lose money

Regulation

Feature FXCM Swissquote
Trust Score 92 99
Year Founded
1999 1996
Publicly Traded (Listed)
Yes Yes
Bank
No Yes
Tier-1 Licenses
3 4
Tier-2 Licenses
2 1
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

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

Investments

Feature FXCM Swissquote
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
39 78
CFDs - Total Offered
32 52
Cryptocurrency traded as actual
No Yes
Cryptocurrency traded as CFD
Yes No
Offering of Investments 3.5 4.5
Winner check_circle

Cost

Feature FXCM Swissquote
Average Spread EUR/USD - Standard
1.3 (as of Q2 19) N/A
All-in Cost EUR/USD - Active
0.7 (as of Q2 19) N/A
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 4 3.5
Winner check_circle

Funding

Feature FXCM Swissquote
Minimum Initial Deposit
£300 $1000.00
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
No Yes
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature FXCM Swissquote
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)
No Yes
cTrader
No No

Trading Tools

Feature FXCM Swissquote
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
12 7
Charting - Indicators / Studies (Total)
57 49
Charting - Drawing Tools (Total)
18 16
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 4.5 4
Winner check_circle

Mobile Trading

Feature FXCM Swissquote
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
No No
Watch List
Yes No
Watch List Syncing
Yes No
Charting - Indicators / Studies
60 30
Charting - Draw Trend Lines
Yes No
Charting - Trend Lines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes No
Mobile Trading 4 4
Winner check_circle

Research

Feature FXCM Swissquote
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
Yes Yes
AutoChartist
Yes Yes
Trading Central (Recognia)
Yes Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes Yes
Research 4.5 4
Winner check_circle

Education

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

Major Forex Pairs

Feature FXCM 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

Overall

Feature FXCM Swissquote
FXCM Review Swissquote Review
Overall 4.5 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 FXCM vs Swissquote.

Does FXCM 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, FXCM offers better pricing overall for traders.

Is FXCM 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 FXCM holds 3. FXCM holds 2 global Tier-2 licenses, while Swissquote holds 1. All regulators considered, Swissquote has a Trust Score of 99.00, while FXCM's Trust Score is 92.00.

Which trading platform is better: FXCM or Swissquote?
To compare the trading platforms of both FXCM and Swissquote, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FXCM offers a better experience. With research, FXCM offers superior market research. Finally, we found FXCM 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. FXCM and Swissquote both offer copy trading. Both FXCM and Swissquote offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
Swissquote provides traders 78 currency pairs (e.g., EUR/USD) compared to FXCM's 39 available pairs. Forex pairs aside, Swissquote offers traders access to 52 CFDs while FXCM has 32 available CFDs, a difference of 20.

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

FXCM 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