Swissquote vs IC Markets Comparison
Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare Swissquote vs IC Markets.
Does Swissquote or IC Markets 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, IC Markets
offers better pricing overall for traders.
Is Swissquote or IC Markets safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Swissquote holds 4 global Tier-1 licenses, while IC Markets holds 1. Both Swissquote and IC Markets hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, Swissquote earned a higher Trust Score than IC Markets.
Which trading platform is better: Swissquote or IC Markets?
To compare the trading platforms of both Swissquote and IC Markets, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Swissquote offers a better experience. With research, Swissquote offers superior market research. Finally, we found Swissquote 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. Both Swissquote and IC Markets offer MetaTrader 4 (MT4).Swissquote and IC Markets both offer copy trading.
How many forex pairs and CFDs are available to trade?
Swissquote provides traders 78 currency pairs (e.g., EUR/USD) compared to IC Markets's 61 available pairs. Forex pairs aside, IC Markets offers traders access to 3583 CFDs while Swissquote has 466 available CFDs, a difference of 3117.
Can I trust Swissquote?
Swissquote is a publicly traded company, operates a regulated bank, and is authorised by four tier-1 regulators (high trust), one tier-2 regulator (average trust), and no tier-3 regulators (low trust). Swissquote is authorised by the following tier-1 regulators: Securities Futures Commission (SFC), Monetary Authority of Sinagpore (MAS), Swiss Financial Market Supervisory Authority (FINMA), and the Financial Conduct Authority (FCA).
Can I trust IC Markets?
IC Markets is not publicly traded and does not operate a bank. IC Markets is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). IC Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC).
Is Swissquote good?
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.
Is IC Markets good?
IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders.
Overall winner: Swissquote
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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.