Written by ForexBrokers.com
In this head to head comparison of Swissquote vs iFOREX, 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 and iFOREX, both founded in 1996, are prominent players in the online brokerage landscape, yet they differ significantly in terms of regulation and trustworthiness. Swissquote, a publicly traded company on a stock exchange, is also a fully-fledged bank. This Swiss broker commands a stellar reputation with the highest possible Trust Score of 99 from ForexBrokers.com, backed by its five Tier-1 licenses and two Tier-2 licenses. These certifications underscore Swissquote's status as a highly trusted entity in the industry.
iFOREX, on the other hand, does not share Swissquote's status as a publicly traded company or a bank, and it carries a Trust Score of 75, categorizing it as an average-risk broker. Despite having a single Tier-1 license, iFOREX lacks any Tier-2 licenses, which limits its standing compared to Swissquote's comprehensive regulatory credentials. For traders prioritizing trust and regulatory assurance, Swissquote emerges as the stronger option in comparison to iFOREX.
| Feature |
Swissquote
|
iFOREX
|
|---|---|---|
| Year Founded | 1996 | 1996 |
| 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 |
For commissions and fees, Swissquote and iFOREX sit on the pricier side of the market. Based on ForexBrokers.com’s scoring, Swissquote earns 3.5/5 stars and ranks #54 out of 63 for Commissions and Fees, while iFOREX earns 3/5 stars and ranks #62 out of 63. If low costs are your top priority, neither is among the cheapest forex brokers, and iFOREX’s limited pricing transparency makes direct comparisons harder.
Swissquote’s pricing varies by region. In the U.K., costs are generally lower with lighter deposit requirements: the Elite account (for active traders depositing $10,000+) uses a $5 round-turn commission with tighter spreads, while the Standard account starts at 1.3 pips on EUR/USD and the Prime account advertises minimum spreads from 0.6 pips (note: minimums, not averages). In Luxembourg, the Standard ($1,000 min) shows minimum spreads from 1.5 pips, Premium ($5,000) narrows that, and Prime ($50,000) lists minimums from 0.8 pips. In Switzerland, forex accounts require higher deposits for lower spreads: Standard ($1,000) from 1.7 pips, Premium ($10,000) from 1.4 pips, and Prime ($50,000) from 1.1 pips. Custom pricing can be negotiated by volume. Overall, Swissquote’s trading costs reflect the brand’s Swiss banking profile and tend to be above the lowest-cost competitors.
iFOREX does not publish average spread data, which limits price comparison. Its 3/5 star score and #62/63 ranking for Commissions and Fees at ForexBrokers.com suggest higher costs than many peers. If pricing clarity and the absolute lowest spreads are key, you may find better value elsewhere.
| Feature |
Swissquote
|
iFOREX
|
|---|---|---|
| Minimum Deposit | $1000 | $100 |
| Average spread (EUR/USD) - Standard account | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Swissquote and iFOREX both support forex trading via CFDs and spot contracts. If you want the most instruments to choose from, iFOREX lists about 750 tradeable symbols and 88 forex pairs, compared with Swissquote’s 472 symbols and 80 pairs.
Where Swissquote stands out is asset variety. It lets clients buy real exchange-traded securities on both U.S. and international exchanges, while iFOREX does not offer non-CFD shares. Swissquote also provides copy trading and access to both actual cryptocurrency and crypto CFDs; iFOREX offers only crypto CFDs and no copy trading. Reflecting this breadth, ForexBrokers.com rates Swissquote 5 stars and ranks it #2 of 63 for Range of Investments, versus iFOREX at 3.5 stars and #42.
| Feature |
Swissquote
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 750 |
| Forex Pairs (Total) | 80 | 88 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | Yes | No |
| Cryptocurrency (CFDs) | 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.
Comparing trading platforms and tools, Swissquote offers more ways to trade. It provides a free demo (paper) account, a proprietary platform, a Windows desktop platform, and a web platform. It also supports copy trading and both MetaTrader 4 (MT4) and MetaTrader 5 (MT5). iFOREX also has a proprietary, web-based platform and lets you place trades directly from charts (as does Swissquote), but it does not offer a demo account, a Windows desktop download, copy trading, or MT4/MT5.
For quality scores, Swissquote earns 4.5/5 stars and ranks #12 out of 63 brokers for Trading Platforms and Tools at ForexBrokers.com, while iFOREX scores 4/5 stars and ranks #55 out of 63. If you want MT4/MT5, a desktop app, and a practice account, Swissquote is the better fit; if you prefer a simple, in-house web platform with chart trading, iFOREX may suit your needs.
| Feature |
Swissquote
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 86 | 57 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Swissquote and iFOREX offer mobile trading apps for iPhone and Android. Where they differ is in features: Swissquote includes price alerts, 30 technical studies for charts, the ability to draw trendlines, and auto-saving of chart drawings. iFOREX lacks price alerts, does not support trendline drawing, and does not auto-save drawings; its number of technical studies is not specified. Neither broker syncs mobile watchlists with the online account.
For overall quality, Swissquote’s mobile trading apps earn 4.5 out of 5 stars and rank #12 out of 63 brokers on ForexBrokers.com, while iFOREX scores 4 stars and ranks #56. Traders who want richer charting tools and alerts may prefer Swissquote, while iFOREX can work for basic on-the-go trading.
| Feature |
Swissquote
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
Swissquote and iFOREX both publish daily market commentary and include an economic calendar. Swissquote adds forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones and integrates Autochartist for technical analysis. It does not include Trading Central tools or a sentiment gauge. iFOREX, by contrast, does not stream premium news and does not offer Autochartist, but it does provide Trading Central analytics along with a sentiment tool that shows the ratio of long vs. short positions.
For market research, ForexBrokers.com rates Swissquote 4 out of 5 stars (ranked 16 of 63), while iFOREX earns 3.5 out of 5 stars (ranked 49 of 63). In short, choose Swissquote if you want premium news coverage and Autochartist screening, or go with iFOREX if Trading Central insights and a built-in sentiment view are higher on your list.
| Feature |
Swissquote
|
iFOREX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central | No | Yes |
| Client sentiment data | No | Yes |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For newcomers who want to learn, Swissquote stands out for its steady stream of live client webinars (at least one each month) and a large library of videos for every stage. It offers at least 10 beginner videos and at least 10 advanced videos, so you can start with the basics and keep going as your skills grow. iFOREX also provides at least 10 beginner-focused videos, which is helpful for first steps, but it does not run monthly webinars and lacks a similar volume of advanced video lessons.
These differences show up in third‑party ratings. Swissquote earns 4 out of 5 stars for Education and ranks #20 out of 63 brokers on ForexBrokers.com, while iFOREX scores 3.5 stars and ranks #53. In short, Swissquote is better suited to beginners who want structured learning with ongoing classes and advanced topics, whereas iFOREX fits traders seeking simple, video-led introductions without live webinar support.
| Feature |
Swissquote
|
iFOREX
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | 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 iFOREX. Swissquote finished with an overall rank of #11, while iFOREX finished with an overall rank of #52.
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
|
iFOREX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 75 |
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Online broker Swissquote lets you buy actual (delivered) cryptocurrencies as well as trade cryptocurrency CFDs, while iFOREX offers cryptocurrency exposure only through CFDs and not real coins.
Swissquote vs iFOREX: Swissquote supports ACH/SEPA, PayPal, Skrill, and bank wire deposits/withdrawals, while iFOREX does not support ACH/SEPA and provides no specified support for PayPal, Skrill, Visa/Mastercard, or bank wires.
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 | iFOREX | |
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| Trust Score | 99 | 75 | |
| Winner | check_circle | ||
| Review | Swissquote Review |
| Broker Screenshots | Swissquote | iFOREX | |
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| Regulation | Swissquote | iFOREX | |
|---|---|---|---|
| Trust Score | 99 | 75 | |
| Year Founded | 1996 | 1996 | |
| 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 | iFOREX | |
|---|---|---|---|
| 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 | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| 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 | iFOREX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Swissquote | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 750 | |
| Forex Pairs (Total) | 80 | 88 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | Yes | No | |
| Cryptocurrency (CFDs) | 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 | iFOREX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Swissquote | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $1000 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | Yes | No |
| Trading Platforms | Swissquote | iFOREX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | Swissquote | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Price Alerts | Yes | No | |
| Charting - Indicators / Studies (Total) | 86 | 57 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Swissquote | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | No | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | Swissquote | iFOREX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central | No | Yes | |
| TipRanks | No | ||
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | iFOREX | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Swissquote | iFOREX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Swissquote Review |
| Overall | Swissquote | iFOREX | |
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| Trust Score | 99 | 75 | |
| Winner | check_circle | ||
| Review | Swissquote Review |
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