Written by ForexBrokers.com
In this head to head comparison of Swissquote vs FXPrimus, 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.
Swissquote, founded in 1996, stands out as a highly trusted online broker with a top Trust Score of 99 from ForexBrokers.com. It operates as a publicly traded company and a bank, solidifying its reputation with five Tier-1 licenses and two Tier-2 licenses, which signifies a very high level of security and regulatory compliance. In contrast, FXPrimus, established in 2009, is not publicly traded and does not function as a bank. With a Trust Score of 71, FXPrimus holds one Tier-1 license and lacks Tier-2 licenses, indicating a more moderate level of trust and regulatory oversight in comparison.
Investors and traders considering these platforms may find Swissquote appealing for its extensive regulatory backing and established market presence. In comparison, FXPrimus presents a riskier proposition with its lower trust rating and limited regulatory support. Understanding these distinctions can aid in making informed decisions aligned with one's risk tolerance and investment preferences.
| Feature |
Swissquote
|
FXPrimus
|
|---|---|---|
| Year Founded | 1996 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing Swissquote and FXPrimus based on commissions and fees, there's a clear distinction in their offerings. Swissquote, a notable Swiss banking conglomerate, presents a higher cost trading environment that may not appeal to budget-conscious traders. With its three entities in the UK, Luxembourg, and Switzerland, the UK-based accounts are the most cost-effective, featuring four distinct account types such as the Elite and Professional for active traders. However, spreads can start as high as 1.7 pips in Switzerland, indicating steeper trading costs compared to other brokers. Swissquote receives a 3.5-star rating for commissions and fees and ranks 53rd out of 63 brokers in this category.
In contrast, FXPrimus follows a different approach, offering simpler fee structures. While specific average spread data isn't provided, FXPrimus is favorably regarded with a 4-star rating for commissions and fees, ranking 42nd out of 63 brokers. Though detailed cost comparisons are limited without average spread data, it’s evident FXPrimus is viewed as more cost-effective, appealing to traders seeking clearer and potentially lower fee structures.
For traders deliberating between the two, FXPrimus clearly holds the edge in terms of cost efficiency, according to industry rankings. Swissquote’s appeal lies in its Swiss banking credentials and comprehensive service, albeit at a premium. Meanwhile, FXPrimus offers a more competitive fee environment, making it a potentially better choice for cost-conscious traders looking for straightforward pricing.
| Feature |
Swissquote
|
FXPrimus
|
|---|---|---|
| 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 | No |
| 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 it comes to the range of investments, Swissquote and FXPrimus cater to different needs of online trading enthusiasts. Swissquote boasts an impressive 472 tradeable symbols, significantly surpassing the 140 symbols offered by FXPrimus. In the realm of forex trading, Swissquote offers 80 forex pairs, nearly doubling the 42 pairs available at FXPrimus. Swissquote stands out by providing access to exchange-traded securities on both U.S. and international exchanges, allowing traders to buy shares of companies like Apple and Vodafone. Meanwhile, FXPrimus does not offer the option to purchase exchange-traded securities, focusing more on CFDs.
Both brokers accommodate traders interested in copy trading and cryptocurrency derivatives. However, Swissquote also enables clients to buy actual cryptocurrencies, unlike FXPrimus. The comprehensive set of offerings gives Swissquote a five-star rating for its range of investments, ranking #2 out of 63 brokers evaluated by ForexBrokers.com. In contrast, FXPrimus lands a rating of 3.5 stars and ranks #59 in the same category. These factors make Swissquote a more favorable option for those seeking a broader and more varied trading experience.
| Feature |
Swissquote
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 140 |
| Forex Pairs (Total) | 80 | 42 |
| 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 FXPrimus in terms of trading platforms and tools, both brokers offer comprehensive options for traders. Each provides a proprietary platform alongside options like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). For those interested in trying out strategies risk-free, both brokers offer free virtual demo accounts. Both also have Windows-based desktop platforms and web-based trading platforms, making them accessible and versatile for different user preferences. Moreover, Swissquote and FXPrimus support copy trading, allowing users to replicate the trades of experienced investors, but neither offers DupliTrade or ZuluTrade as additional features.
In terms of technical features, Swissquote stands out with 75 drawing tools for charting, a significant advantage over FXPrimus, which offers 15. Both brokers allow direct trading from stock charts, enhancing user convenience. When it comes to organizing information, Swissquote provides more options with 11 columns for watch lists compared to FXPrimus, which offers 7. These differences are reflected in their ratings, with Swissquote achieving 4.5 stars while FXPrimus holds 4 stars for trading platforms and tools. Ranking-wise, Swissquote is #12 out of 63 brokers, highlighting its strong offering, whereas FXPrimus ranks at #49. Overall, Swissquote appears to provide a more comprehensive and highly-rated trading experience than FXPrimus.
| Feature |
Swissquote
|
FXPrimus
|
|---|---|---|
| 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 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Swissquote and FXPrimus both deliver strong mobile trading experiences for iPhone and Android users, complete with essential features tailored for traders. Both apps allow users to receive stock and forex price alerts, create watchlists with real-time quotes, and draw trendlines on charts. Additionally, they each offer 30 technical studies and the ability to view multiple time frames on charts. Automatic saving of chart drawings is a convenient feature provided by both mobile platforms, benefiting busy traders. However, it's important to note that neither Swissquote nor FXPrimus offers syncing for watchlist symbols across their respective mobile and online accounts.
In terms of ratings, Swissquote slightly edges out FXPrimus with a respectable 4.5 stars compared to FXPrimus's 4-star rating. Swissquote also ranks higher in the Mobile Trading Apps category by ForexBrokers.com, sitting at 12th place out of 63 brokers, while FXPrimus is ranked at 48th. These rankings reflect the user experience and features offered, making Swissquote a more favored choice for mobile traders seeking comprehensive and reliable trading tools. Nonetheless, both brokers provide solid mobile platforms that cater to traders' needs for on-the-go access and insightful market analysis.
| Feature |
Swissquote
|
FXPrimus
|
|---|---|---|
| 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 | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both Swissquote and FXPrimus provide daily market commentary, aiding traders in staying informed about market trends. However, Swissquote edges ahead with its access to forex news from premier sources like Bloomberg and Reuters, which FXPrimus lacks. For technical and fundamental analysis tools, Swissquote stands out with offerings from Autochartist, while FXPrimus does not provide such resources. Neither platform provides tools from Trading Central, sentiment-based trading tools, or market research from TipRanks.
Both Swissquote and FXPrimus offer economic calendars to help traders keep track of global economic events. In terms of overall research capabilities, Swissquote is rated higher with four out of five stars compared to FXPrimus's three stars. Additionally, Swissquote is ranked 16th among 63 brokers in the Research category by ForexBrokers.com, while FXPrimus is positioned at 58th, indicating a more comprehensive research offering from Swissquote.
| Feature |
Swissquote
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| 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 the educational resources available for beginners at Swissquote and FXPrimus, several key differences emerge. Both platforms offer a solid selection of over 10 educational pieces, including articles and videos focused on forex or CFDs. They also provide monthly educational webinars and maintain searchable archives of these sessions, making it easy for beginners to catch up on past content. However, Swissquote goes a step further by offering over 10 beginner-focused educational videos, which is something FXPrimus does not. Additionally, Swissquote provides a comprehensive investor dictionary with over 50 terms, an offering that FXPrimus lacks.
The educational strengths of Swissquote and FXPrimus are reflected in their ratings. Swissquote enjoys a 4-star rating for education, distinguishing it in the online broker realm. Meanwhile, FXPrimus holds a 3-star rating, indicating room for improvement. When ranked among 63 brokers by ForexBrokers.com on educational offerings, Swissquote occupies the 21st position, while FXPrimus is placed at 51st. This comparison highlights Swissquote as a more comprehensive choice for beginners seeking education-rich resources in their trading journey.
| Feature |
Swissquote
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
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 FXPrimus. Swissquote finished with an overall rank of #11, while FXPrimus finished with an overall rank of #53.
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
|
FXPrimus
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 71 |
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Swissquote provides the option to buy actual (delivered) cryptocurrency and cryptocurrency derivatives, whereas FXPrimus only offers the ability to trade cryptocurrency derivatives without the option to purchase the actual digital asset.
When comparing online brokers Swissquote and FXPrimus, Swissquote stands out by offering a variety of deposit and withdrawal options including ACH or SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, whereas FXPrimus only supports Skrill, Visa or Mastercard, and bank wires, lacking ACH or 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 | FXPrimus | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | Swissquote Review |
| Broker Screenshots | Swissquote | FXPrimus | |
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| Regulation | Swissquote | FXPrimus | |
|---|---|---|---|
| Trust Score | 99 | 71 | |
| Year Founded | 1996 | 2009 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 140 | |
| Forex Pairs (Total) | 80 | 42 | |
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Swissquote | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | FXPrimus | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Swissquote | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | Swissquote Review |
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