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IG vs Swissquote 2019

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Is IG Group better than Swissquote? After grading forex brokers on nearly 100 different variables, IG Group is better than Swissquote. Regulated and trusted across the globe, IG offers traders an extensive list of tradable products, excellent trading and research tools, industry leading education, and competitive rates. This fantastic all-round experience makes IG our No. 1 overall broker in 2019.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Overall Rating

Feature IG Swissquote
Overall 4.5 4
IG Review Swissquote Review
74% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money

Regulation

Feature IG Swissquote
Trust Score 99 99
Year Founded
1974 1996
Publicly Traded (Listed)
Yes Yes
Bank
Yes Yes
Tier-1 Licenses
6 3
Tier-2 Licenses
3 1
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature IG Swissquote
ASIC Authorised (Australia)
Yes No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No Yes
FSA Authorised (Japan)
Yes No
MAS Authorised (Singapore)
Yes No
FINMA Authorised (Switzerland)
Yes Yes
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
Yes No

Tier-2 Licenses

Feature IG Swissquote
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
No No
ISA Authorised (Israel)
No No
FMA Authorised (New Zealand)
Yes No
CBR Authorised (Russia)
No No
FSB Authorised (South Africa)
Yes No
SEC Authorised (Thailand)
No No
DFSA / Central Bank Authorised (UAE)
Yes Yes

Tier-3 Licenses

Feature IG Swissquote
FSC Authorised (British Virgin Islands)
No No
FSC Authorised (Mauritius)
No No
Offshore Authorised
No No

Investments

Feature IG Swissquote
Forex: Spot Trading
Yes Yes
Currency Pairs (Total Forex pairs)
91 78
CFDs - Total Offered
15000 57
Cryptocurrency traded as actual
No Yes
Cryptocurrency traded as CFD
Yes No
Offering of Investments 4.5 4
Winner check_circle

Cost

Feature IG Swissquote
Average Spread EUR/USD - Standard
0.75 (as of Q4 18) N/A
All-in Cost EUR/USD - Active
0.363 (as of Mar 16) N/A
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 4.5 3.5
Winner check_circle

Funding

Feature IG Swissquote
Minimum Initial Deposit
£250.00 €500.00
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes Yes
Skrill (Deposit/Withdraw)
No Yes

Trading Platforms

Feature IG Swissquote
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)
No Yes
cTrader
No No

Trading Tools

Feature IG Swissquote
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
12 7
Charting - Indicators / Studies (Total)
22 51
Charting - Drawing Tools (Total)
17 31
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
No Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 4.5 3.5
Winner check_circle

Mobile Trading

Feature IG Swissquote
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes No
Charting - Indicators / Studies
26 30
Charting - Draw Trend Lines
Yes Yes
Charting - Trend Lines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes No
Mobile Trading 4 3.5
Winner check_circle

Research

Feature IG Swissquote
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
Yes Yes
AutoChartist
Yes Yes
Trading Central (Recognia)
No Yes
Delkos Research
No No
Social Trading / Copy-Trading
Yes Yes
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes Yes
Research 4.5 4
Winner check_circle

Education

Feature IG Swissquote
Has Education - Forex
Yes Yes
Has Education - CFDs
Yes No
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes No
Investor Dictionary (Glossary)
Yes Yes
Tutorials/Guide (PDF or Interactive)
Yes Yes
Education 4 3.5
Winner check_circle

Major Forex Pairs

Feature IG Swissquote
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
USDCNH (or CNHUSD)
Yes Yes
USDSGD (or SGDUSD)
Yes Yes

Overall

Feature IG Swissquote
IG Review Swissquote Review
Overall 4.5 4
Winner check_circle
Our ForexBrokers.com team spent several months and hundreds of hours assessing 28 different forex broker accounts for trading FX. In total, over 2,200 data points were collected. For this review, we will compare IG Group vs Swissquote.

To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. IG Group received a rating of 4.50 stars over Swissquote's 3.50 stars.

Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. IG Group and Swissquote both are regulated in a major hub. IG Group and Swissquote are publicly traded companies. How many currency pairs are available to trade? IG Group offers its clients access to 91 different currency pairs while Swissquote has 78 available pairs, a difference of 13.

To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Both IG Group and Swissquote offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Swissquote boasts an offering of 31 charting tools compared to IG Group's 17 available charting tools. IG Group trails Swissquote by 29 total different indicators (for example, moving averages), with Swissquote offering 51 and IG Group offering 22.

IG Group Review
Swissquote Review


Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

IG - 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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