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 online brokers Swissquote and FXPrimus on their commissions and fees, distinct differences emerge. Swissquote, with a broad global presence, brings the benefit of Swiss banking credibility but at a slightly higher cost. Its U.K.-based accounts offer relatively lower costs and deposit requirements compared to its Switzerland and Luxembourg entities, yet they still fall behind the lowest-cost forex brokers. Swissquote's U.K. Elite account, aimed at active traders with deposits of at least $10,000, features competitive spreads with a $5 per round-turn trade commission. On the other hand, the spread for its Standard account begins at 1.3 pips for EUR/USD, and similar account tiers in Luxembourg and Switzerland start at higher spreads but with varying deposit requirements.
Conversely, FXPrimus offers a more cost-effective approach, though average spread data isn't readily available for detailed comparison. FXPrimus, when evaluated for its commissions and fees, earned a better rating of 4 stars, compared to Swissquote’s 3.5 stars. This suggests FXPrimus may be a more attractive option for traders concerned with minimizing fees, alongside its services tailored towards cost-sensitive traders.
In terms of ranking among 62 brokers in the Commissions and Fees category by ForexBrokers.com, Swissquote is placed at #52, while FXPrimus ranks higher at #42. These rankings lend further weight to FXPrimus as the more fee-conscious choice between the two, offering potential cost advantages for traders seeking economical trading accounts.
| 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 comparing Swissquote and FXPrimus, it's clear that Swissquote offers a broader range of investment opportunities. Swissquote provides access to a vast array of 472 tradeable symbols, including 80 forex pairs, whereas FXPrimus offers 140 symbols and 42 forex pairs. Swissquote stands out with the ability to invest in exchange-traded securities on both U.S. and international exchanges, such as stocks like Apple and Vodafone, whereas FXPrimus does not support direct stock trading from these major exchanges.
For cryptocurrency enthusiasts, Swissquote offers both actual cryptocurrency trading and derivatives, while FXPrimus only offers cryptocurrency derivatives. Both brokers support forex trading as CFDs or spot contracts and offer copy trading features. In terms of range of investments, Swissquote earns a top-tier 5-star rating and is ranked second out of 62 brokers by ForexBrokers.com. In contrast, FXPrimus holds a 3.5-star rating and is ranked 59th, indicating Swissquote's superior breadth of investment options.
| 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 choosing between Swissquote and FXPrimus for trading platforms and tools, both brokers provide a wealth of features catering to a diverse range of traders. They both offer simulated trading with virtual demo accounts, proprietary platforms, and downloadable trading platforms for Windows. Online traders will appreciate having access to both web-based and desktop platforms across both brokers. Additionally, they share support for popular trading applications like MetaTrader 4 and MetaTrader 5, alongside offering features such as copy trading, enhancing their appeal for strategy-minded traders. Both brokers do not support DupliTrade or ZuluTrade, keeping their tool offerings streamlined.
There are differences in the specifics of charting and customization tools. Swissquote stands out with 75 drawing tools and 11 fields for watch lists, compared to FXPrimus's 15 drawing tools and seven fields. Both allow trading directly from stock charts, providing flexibility in execution. In terms of star ratings for trading platforms and tools, Swissquote scores 4.5 out of 5, slightly higher than FXPrimus's four-star rating, highlighting Swissquote's more comprehensive offering. Ranking-wise, Swissquote is positioned at number 12 out of 62 brokers on ForexBrokers.com, whereas FXPrimus is ranked 49th. This distinction illustrates Swissquote’s superior standing in offering a more enhanced trading platform experience.
| 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.
For traders using smartphones, both Swissquote and FXPrimus offer compatible trading apps for iPhone and Android devices. They both provide features such as stock or forex price alerts and support technical analysis with 30 charting studies. Users can draw trendlines and view multiple time frames, like daily, weekly, or intraday, on charts. However, neither app synchronizes watchlists between the mobile app and online accounts, meaning changes made in one have to be manually updated in the other. Both apps automatically save drawings and allow the creation of watchlists with real-time quotes, offering convenience for mobile traders on the go.
When it comes to ratings, Swissquote edges out FXPrimus with a mobile trading app rating of 4.5 stars compared to 4 stars for FXPrimus. This difference is reflected in their rankings by ForexBrokers.com, with Swissquote standing at a commendable 11th place out of 62, while FXPrimus is positioned at 48th. These rankings suggest that although both apps have similar functionalities, Swissquote's app may offer a slightly enhanced user experience overall. Whether prioritizing an interface or accessibility, users may find these insights helpful when choosing between the two online brokers for their trading needs.
| 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.
When comparing the market research offerings of Swissquote and FXPrimus, both brokers provide daily market commentary to keep traders informed. However, Swissquote stands out by providing forex news from esteemed sources like Bloomberg and Reuters, which FXPrimus does not. Additionally, Swissquote enhances its analytical capabilities with tools from Autochartist, a feature FXPrimus lacks. Neither broker offers tools from Trading Central or sentiment-based trading tools, and both refrain from providing market research from TipRanks and Acuity Trading. On the other hand, both Swissquote and FXPrimus include economic calendars to keep traders updated on global events.
Overall, Swissquote holds a better reputation for research, earning 4 out of 5 stars, compared to FXPrimus's 3 stars. This is reflected in their rankings by ForexBrokers.com, with Swissquote positioned at a notable 16th place out of 62 brokers for research, while FXPrimus lags behind at 58th place. This disparity highlights Swissquote's more comprehensive research capabilities, making it a preferred choice for traders who prioritize extensive market insights.
| 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 to beginners at Swissquote and FXPrimus, Swissquote seems to edge out in several areas. Both brokers provide a good foundation for learning, offering over ten educational pieces such as articles and videos centered on forex and CFDs. They also host monthly webinars and maintain archives of past sessions, making their educational strategies accessible and timely. However, Swissquote goes a step further by providing more than ten dedicated beginner videos, extending their guidance beyond just foundational topics.
In terms of resources for growing traders, Swissquote offers advanced educational videos and an investor dictionary with definitions of at least fifty investing terms, enhancing the learning journey considerably. FXPrimus, while still supportive, does not offer such extensive beginner and advanced video libraries or a comprehensive investor dictionary. These distinctions are reflected in their respective ratings and rankings, with Swissquote receiving 4 stars and ranking 21st in ForexBrokers.com's Education category, compared to FXPrimus's 3 stars and 51st ranking.
| 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 62 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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