Swissquote vs IronFX 2023

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, IronFX offers better pricing overall for traders.

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 IronFX holds 2. Both Swissquote and IronFX hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, Swissquote earned a higher Trust Score than IronFX.

To compare the trading platforms of both Swissquote and IronFX, 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.

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both Swissquote and IronFX offer MetaTrader 4 (MT4).Swissquote and IronFX both offer copy trading.

IronFX provides traders 83 currency pairs (e.g., EUR/USD) compared to Swissquote's 78 available pairs. Forex pairs aside, Swissquote offers traders access to 466 CFDs while IronFX has 340 available CFDs, a difference of 126.

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).

IronFX is not publicly traded and does not operate a bank. IronFX is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). IronFX is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

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.

IronFX has come a long way to rebuild its brand, acquiring multiple regulatory licenses to improve its Trust Score, and creating balanced educational material. That said, pricing is an area where Iron FX has room to further improve as spreads appeared higher than the industry average.