menu

arrow_drop_up arrow_drop_down Select Brokers

    ×
ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure

Swissquote vs Plus500 2020

ForexBrokers.com | January 25th, 2020

  1. Home
  2. Compare
  3. Swissquote vs Plus500 Review
Is Plus500 better than Swissquote? After testing 30 of the best forex brokers over five months, Swissquote is better than Plus500. For traders who require a multi-asset solution and are willing to pay a premium to have their brokerage account held with a Swiss bank, Swissquote is worth a consideration. Otherwise, Swissquote’s UK-based offering provides a better all-round deal.

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.

Overall Rating

Feature Swissquote Plus500
Overall 4 4
Swissquote Review Plus500 Review
74-89% of retail CFD accounts lose money 76.4% of retail CFD accounts lose money

Regulation

Feature Swissquote Plus500
Trust Score 99 98
Year Founded
 1996 2008
Publicly Traded (Listed)
 Yes Yes
Bank
 Yes No
Tier-1 Licenses
 4 2
Tier-2 Licenses
 1 3
Tier-3 Licenses
 0 1
Authorised in the European Union
 Yes Yes

Tier-1 Licenses

Feature Swissquote Plus500
ASIC Authorised (Australia)
 No Yes
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
 Yes No
FSA Authorised (Japan)
 No No
MAS Authorised (Singapore)
 Yes Yes
FINMA Authorised (Switzerland)
 Yes No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No No

Investments

Feature Swissquote Plus500
Forex: Spot Trading
 Yes Yes
Social Trading / Copy-Trading
 Yes No
Currency Pairs (Total Forex pairs)
 78 50
CFDs - Total Offered
 52 2033
Cryptocurrency traded as actual
 Yes No
Cryptocurrency traded as CFD
 No Yes
Offering of Investments 4.5 4
Winner check_circle

Cost

Feature Swissquote Plus500
Average Spread EUR/USD - Standard
 N/A 0.6 (as of Aug 2018)
All-in Cost EUR/USD - Active
 N/A N/A
Active Trader or VIP Discounts
 Yes No
Commissions & Fees 3.5 4
Winner check_circle

Funding

Feature Swissquote Plus500
Minimum Initial Deposit
 $1000.00 €100
Bank Wire (Deposit/Withdraw)
 Yes Yes
Visa/Mastercard (Credit/Debit)
 Yes Yes
PayPal (Deposit/Withdraw)
 Yes Yes
Skrill (Deposit/Withdraw)
 Yes Yes

Trading Platforms

Feature Swissquote Plus500
Proprietary Platform
 Yes Yes
Desktop Platform (Windows)
 Yes Yes
Web Platform
 Yes Yes
Social Trading / Copy-Trading
 Yes No
MetaTrader 4 (MT4)
 Yes No
MetaTrader 5 (MT5)
 Yes No
cTrader
 No No

Trading Tools

Feature Swissquote Plus500
Virtual Trading (Demo)
 Yes Yes
Alerts - Basic Fields
 Yes Yes
Watchlists - Total Fields
 7 10
Charting - Indicators / Studies (Total)
 49 103
Charting - Drawing Tools (Total)
 16 21
Charting - Trade From Chart
 Yes No
Charting - Drawings Autosave
 Yes No
Order Type - Trailing Stop
 Yes Yes
Platform & Tools 4 3.5
Winner check_circle

Mobile Trading

Feature Swissquote Plus500
Android App
 Yes Yes
Apple iOS App
 Yes Yes
Trading - Forex
 Yes Yes
Trading - CFDs
 Yes Yes
Alerts - Basic Fields
 No Yes
Watch List
 No Yes
Watch List Syncing
 No Yes
Charting - Indicators / Studies
 30 18
Charting - Draw Trend Lines
 No No
Charting - Trend Lines Moveable
 No No
Charting - Multiple Time Frames
 Yes Yes
Charting - Drawings Autosave
 No No
Forex Calendar
 No No
Mobile Trading 4 3.5
Winner check_circle

Research

Feature Swissquote Plus500
Daily Market Commentary
 Yes No
Forex News (Top-Tier Sources)
 Yes No
Weekly Webinars
 Yes No
AutoChartist
 Yes No
Trading Central (Recognia)
 Yes No
Delkos Research
 No No
Social Sentiment - Currency Pairs
 No No
Economic Calendar
 Yes Yes
Research 4 3.5
Winner check_circle

Education

Feature Swissquote Plus500
Has Education - Forex
 Yes No
Has Education - CFDs
No No
Client Webinars
 Yes No
Client Webinars (Archived)
 Yes No
Videos - Beginner Trading Videos
 Yes No
Videos - Advanced Trading Videos
 No No
Investor Dictionary (Glossary)
 Yes No
Education 4 3
Winner check_circle

Major Forex Pairs

Feature Swissquote Plus500
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

Overall

Feature Swissquote Plus500
Swissquote Review Plus500 Review
Overall 4 4
Winner check_circle
After spending several months and hundreds of hours researching 30 different forex brokers for trading FX, our team at ForexBrokers.com team collected over 3,180 data points. For this review, we will compare Plus500 vs Swissquote.

To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. Plus500 received a rating of 4.00 stars over Swissquote's 3.50 stars.

Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Plus500 and Swissquote both are regulated in a major hub. Plus500 alongside Swissquote are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. Swissquote offers its clients access to 78 different currency pairs while Plus500 has 50 available pairs, a difference of 28.

Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Swissquote makes Meta Trader available to clients, while Plus500 does not. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. Swissquote offers its clients access to 31 charting tools while Plus500 has 21 charting tools, a difference of 10. Plus500 boasts an offering of 103 different indicators (for example, moving averages) compared to Swissquote's 51 available indicators.

Plus500 Review
Swissquote Review

Related Comparisons


Swissquote vs. CMC Markets Swissquote vs. IG Swissquote vs. Saxo Bank

Trading CFDs, FX, and cryptocurrencies involve 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 01/20/2020 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.

The names, products, services, branding/logos, and other trademarks or images featured or cited within this Website (www.forexbrokers.com) are the property of their respective owners and the owners retain all legal rights therein. These trademark holders are not affiliated with ForexBrokers.com and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses ForexBrokers.com or any of its reviews, products, or services. ForexBrokers.com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated.

Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).

arrow_drop_upBack to top
×