Written by ForexBrokers.com
In this head to head comparison of Swissquote vs FXGT.com, 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 online brokers, Swissquote and FXGT.com present a striking contrast in terms of regulatory standing and trust. Founded in 1996, Swissquote is not only a well-established broker but also a publicly traded bank, which adds to its credibility. It holds an impressive array of 5 Tier-1 licenses, the highest level of trust as per ForexBrokers.com, as well as 2 Tier-2 licenses. This robust regulatory framework is reflected in Swissquote's top-notch Trust Score of 99 out of 99, underscoring its strong reputation in the financial sector.
In contrast, FXGT.com, which was founded more recently in 2019, does not enjoy the same level of regulatory pedigree. It is not a publicly traded company and does not operate as a bank. While it does have 1 Tier-1 and 1 Tier-2 license, its Trust Score of 69 denotes it as a high-risk broker according to ForexBrokers.com's ratings. This implies that while FXGT.com is functioning within legal boundaries, it does not provide the same level of trust and security that clients might find with a more established entity like Swissquote.
| Feature |
Swissquote
|
FXGT.com
|
|---|---|---|
| Year Founded | 1996 | 2019 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 1 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When comparing Swissquote and FXGT.com, both brokers earn a 3.5-star rating for their commissions and fees. However, Swissquote is slightly ahead in the rankings by ForexBrokers.com, positioned at #53 out of 63 brokers, while FXGT.com stands at #56. Swissquote offers a more traditional banking experience given its Swiss affiliations, but this comes with higher trading costs that might not appeal to all traders.
At Swissquote, the U.K. accounts tend to be more cost-effective, featuring lower commissions and lighter deposit requirements than their Swiss and Luxembourg counterparts. Notably, the U.K. Elite account caters to active traders with competitive $5 per trade fees when depositing at least $10,000. The Standard account is less appealing with spreads starting at 1.3 pips, while Luxembourg accounts offer spreads from 0.8 to 1.5 pips. In Switzerland, the spreads start at 1.7 pips for the Standard account, requiring a $1,000 deposit, and narrow slightly with higher account tiers that demand larger deposits.
FXGT.com does not offer specific average spread data, which can make it challenging for potential clients to assess their cost structure fully. Both brokers offer competitive fares within their respective ranks, yet they cater to different trading needs depending on whether a trader values a prestigious banking background or prefers distinct account structure options. As a trader, reviewing these parameters carefully can lead to a more informed and suitable choice between these two brokerage options.
| Feature |
Swissquote
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $1000 | $5 |
| 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 | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Swissquote stands out with an impressive array of investment options, providing access to 472 tradeable symbols including a substantial 80 forex pairs. Notably, Swissquote allows investors to buy exchange-traded securities on both U.S. and international exchanges, making it possible to invest directly in stocks like Apple on the NASDAQ or Vodafone on the London Stock Exchange. Additionally, Swissquote facilitates the purchase of actual cryptocurrencies, enhancing its appeal to crypto enthusiasts, and also offers cryptocurrency derivatives for those interested in more complex products. With the added benefit of copy trading, Swissquote is rated 5 stars for its range of investments, ranking as the second best among 63 brokers evaluated by ForexBrokers.com.
FXGT.com, in comparison, offers a more modest selection with 117 tradeable symbols, including 53 forex pairs. Unlike Swissquote, FXGT.com does not support the purchase of U.S. or international exchange-traded securities nor the acquisition of actual cryptocurrencies. However, traders can still access cryptocurrency derivatives and engage in copy trading, providing some diversification. FXGT.com is rated 3 stars by ForexBrokers.com in the Range of Investments category, placing it at rank 61 out of 63 brokers, reflecting its narrower focus when compared to Swissquote's expansive offerings.
| Feature |
Swissquote
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 117 |
| Forex Pairs (Total) | 80 | 53 |
| 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 trading platforms and tools between Swissquote and FXGT.com, both brokers offer a range of features that cater to various trading preferences. Both platforms provide access to simulated trading through a free virtual demo account, along with the popular MetaTrader 4 and 5 options for seasoned traders. However, Swissquote sets itself apart with its proprietary platform, developed in-house, which might appeal to traders looking for unique features beyond standard offerings. Additionally, Swissquote boasts more advanced charting options with 75 drawing tools compared to FXGT.com's 23, giving users more resources to analyze market trends effectively.
Both Swissquote and FXGT.com offer Windows-based desktop and web-based trading platforms. One of the stand-out features of Swissquote is its capacity for up to 11 columns in watch lists, outperforming FXGT.com, which offers only 5. The ability to trade directly from stock charts is a convenient feature available on both platforms. In terms of overall performance, Swissquote has received a higher rating of 4.5 stars out of 5 for its trading platforms and tools, ranking #12 out of 63 brokers according to ForexBrokers.com. In contrast, FXGT.com holds a 4-star rating and ranks at #56, indicating Swissquote's more comprehensive toolset and platform capabilities for users seeking a more in-depth trading experience.
| Feature |
Swissquote
|
FXGT.com
|
|---|---|---|
| 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 | No |
| Charting - Indicators / Studies (Total) | 86 | 37 |
| Charting - Drawing Tools (Total) | 75 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing Swissquote and FXGT.com's mobile trading apps, both platforms cater to iPhone and Android users, offering price alerts and the ability to create watchlists with real-time quotes. They each provide 30 technical studies for charting and allow users to draw trendlines and view multiple time frames on stock or forex charts. Additionally, both apps auto-save chart drawings, ensuring convenience for traders on the go.
However, a significant difference lies in the synchronization capability of their watchlists. While FXGT.com offers seamless symbol syncing across devices, Swissquote does not. In terms of user experience and satisfaction, Swissquote stands out with a higher rating of 4.5 stars for its mobile trading app, ranking 12th out of 63 brokers according to ForexBrokers.com. In comparison, FXGT.com holds a 3.5-star rating, placing it at 58th in the same category. These distinctions make Swissquote a more favorable option for those seeking a high-rated and user-friendly mobile trading experience, despite FXGT.com's syncing advantage.
| Feature |
Swissquote
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 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 Swissquote and FXGT.com in terms of market research offerings, Swissquote clearly stands out with its comprehensive daily market commentary and access to top-tier forex news from renowned sources like Bloomberg, Reuters, and Dow Jones. Swissquote users also benefit from technical analysis and fundamental research tools provided by Autochartist. Additionally, both brokers offer an economic calendar for tracking global news events. However, FXGT.com distinguishes itself with a sentiment-based trading tool that provides insights into the ratio of long and short positions across currency pairs. Despite this tool, FXGT.com's research capabilities do not match the depth provided by Swissquote, evidenced by Swissquote's higher research rating and ranking by ForexBrokers.com.
Swissquote earns a strong research rating of 4 out of 5 stars, ranking 16th among 63 brokers according to ForexBrokers.com. In contrast, FXGT.com receives a 3-star rating and ranks significantly lower at 56th. While both brokers offer valuable insights and tools, Swissquote's array of research resources, particularly its access to reputable news sources and technical analysis tools, makes it a more attractive option for traders prioritizing market research. FXGT.com may appeal to those looking for specific sentiment analysis features, but it lacks the breadth of research tools found with Swissquote.
| Feature |
Swissquote
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| 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, Swissquote sets the bar high compared to FXGT.com. Swissquote provides a wealth of educational materials focused on forex and CFDs, offering a minimum of 10 pieces including articles, videos, and archived webinars. They also host monthly client webinars which are archived for easy access, making it a comprehensive learning experience for new traders. Beginners can take advantage of over 10 videos tailored to introduce them to trading concepts. FXGT.com, on the other hand, does not meet these standards as they provide fewer educational materials and lack the breadth of beginner content like archived webinars and specific beginner-focused videos.
Additionally, Swissquote's diverse educational offerings extend to more advanced traders, with over 10 videos catering to experienced investors looking to refine their skills. Both Swissquote and FXGT.com offer an investor dictionary, with definitions of at least 50 investing terms, ensuring all users can enhance their vocabulary. In terms of educational ratings, Swissquote earns a commendable 4 stars and is ranked 21st out of 63 brokers by ForexBrokers.com, reflecting its strong emphasis on education. By contrast, FXGT.com is rated slightly lower with 3 stars and holds the 60th position, highlighting room for improvement in their educational offerings.
| Feature |
Swissquote
|
FXGT.com
|
|---|---|---|
| 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 FXGT.com. Swissquote finished with an overall rank of #11, while FXGT.com finished with an overall rank of #59.
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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FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 69 |
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Swissquote allows users to buy both actual cryptocurrencies and cryptocurrency derivatives, whereas FXGT.com only offers the ability to buy cryptocurrency derivatives without the option of purchasing the actual cryptocurrencies.
When comparing Swissquote and FXGT.com, both online brokers support ACH and SEPA transfers, as well as Visa and Mastercard payments, and bank wires for depositing or withdrawing account funds; however, Swissquote additionally provides PayPal and Skrill options, which FXGT.com does not.
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 | FXGT.com | |
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| Trust Score | 99 | 69 | |
| Winner | check_circle | ||
| Review | Swissquote Review |
| Broker Screenshots | Swissquote | FXGT.com | |
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| Regulation | Swissquote | FXGT.com | |
|---|---|---|---|
| Trust Score | 99 | 69 | |
| Year Founded | 1996 | 2019 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 1 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | FXGT.com | |
|---|---|---|---|
| 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 | 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 | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 117 | |
| Forex Pairs (Total) | 80 | 53 | |
| 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 | FXGT.com | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Swissquote | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $1000 | $5 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | Swissquote | FXGT.com | |
|---|---|---|---|
| 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 | No |
| Trading Tools | Swissquote | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 5 | |
| Charting - Indicators / Studies (Total) | 86 | 37 | |
| Charting - Drawing Tools (Total) | 75 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 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 | Swissquote | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
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| Trust Score | 99 | 69 | |
| Winner | check_circle | ||
| Review | Swissquote Review |
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