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Swissquote vs Plus500 Review

Steven Hatzakis

Published by Steven Hatzakis


Monday, October 15th, 2018

To find the top fx brokers, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare Plus500 vs Swissquote.

To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. Swissquote's score is 3.50 stars versus Plus500's 3.00 stars.

Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. Plus500 alongside Swissquote are regulated in a major hub. Plus500 and Swissquote are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Plus500 trails Swissquote by 18 total currency pairs (for example, EUR/USD), with Swissquote offering 78 and Plus500 offering 60.

To round out our comparison of Plus500 vs Swissquote, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Swissquote has Meta Trader, Plus500 doesn't. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. Swissquote offers its clients access to 31 charting tools while Plus500 has 0 charting tools, a difference of 31. Plus500 offers its clients access to 103 different indicators (for example, volume) while Swissquote has 51 available indicators, a difference of 52.

Overall, Swissquote boasts 4.00 stars versus Plus500's 3.00 stars. And, when it comes to individual category awards, Swissquote was rated Best in Class - Customer Service in 2018, while Plus500 was rated none of these.
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% of retail CFD accounts that lose money
Overall
Offering of Investments
Commissions & Fees
Platform & Tools
Customer Service
Research
Mobile Trading
Education
Trust Score
Year Founded
Publicly-Traded Company (Listed)
Regulated in Major Hub
Regulated in Emerging Hub
CFTC Registered (USA)
FCA Regulated (UK)
FINMA Authorised (Switzerland)
ASIC Authorised (Australia)
MAS Authorised (Singapore)
IIROC Authorised (Canada)
SFC Authorised (Hong Kong)
FSA Authorised (Japan)
CySEC Authorised (Cyprus)
FMA Authorised (New Zealand)
Forex: Spot Trading
Currency Pairs (Total Forex pairs)
CFDs - Total Offered
Cryptocurrency traded as actual
Cryptocurrency traded as CFD
Advantage
All-in Cost EUR/USD - Active
Average Spread EUR/USD - Standard
Active Trader or Premium/VIP
Advantage
Proprietary
Desktop Platform (Windows)
Web Platform
Social Trading / Copy-Trading
MetaTrader4 (MT4)
MetaTrader5 (MT5)
cTrader
Currenex
ZuluTrade
MirrorTrader
Advantage
Virtual Trading (Demo)
Watchlists - Total Fields
Alerts - Basic Fields
Charting - Trade From Chart
Charts can be saved
Charting - Drawing Tools (Total)
Charting - Indicators / Studies (Total)
Charting - Drawings Autosave
Order Type - Trailing Stop
Advantage
Android App
Apple iOS App
Forex News
Alerts - Basic Fields
Alerts Delivery - Push Notifications
Watch List
Watch List Syncing
Charting - Technical Studies/Indicators
Charting - Draw Trend Lines
Advantage
Daily Market Commentary
Forex News (Top-Tier Sources)
AutoChartist
Trading Central (Recognia)
Delkos Research
Acuity Trading
Social Trading / Copy-Trading
Social Sentiment - Currency Pairs
Client Webinars
Client Webinars (Archived)
Videos - Beginner Trading Videos
Economic Calendar
Calendar Includes Forecasts
Economic News Sentiment
Trade Ideas - Backtesting
Advantage
GBPUSD (or USDGBP)
USDJPY (or JPYUSD)
EURUSD (or USDEUR)
USDCHF (or CHFUSD)
USDCAD (or CADUSD)
NZDUSD (or USDNZD)
AUDUSD (or USDAUD)
USDCNH (or CNHUSD)
USDSGD (or SGDUSD)
USDMXN (or MXNUSD)
USDNOK (or NOKUSD)
USDSEK (or SEKUSD)
USDTRY (or TRYUSD)
USDZAR (or ZARUSD)
USDDKK (or DKKUSD)
USDBRL (or BRLUSD)
Minimum Initial Deposit
Bank Wire (Deposit/Withdraw)
Visa/Mastercard (Credit/Debit)
PayPal (Deposit/Withdraw)
Skrill (Deposit/Withdraw)
UnionPay (Deposit/Withdraw)
Overall
Advantage
Swissquote
Swissquote Review
74-89% of retail CFD accounts lose money.
 
4
4.5
3.5
4
3
4
3.5
4
 
91
1996
Yes
Yes
Yes
No
Yes
Yes
No
No
No
Yes
No
No
No
 
Yes
78
50
Yes
No
check_circle
 
N/A
N/A
Yes
check_circle
 
Yes
Yes
Yes
Yes
Yes
Yes
No
No
No
No
check_circle
 
Yes
7
Yes
Yes
Yes
31
51
Yes
Yes
check_circle
 
Yes
Yes
Yes
Yes
No
Yes
No
30
Yes
check_circle
 
Yes
Yes
Yes
No
No
No
Yes
No
Yes
Yes
No
Yes
Yes
Yes
Yes
check_circle
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
Yes
No
 
€500.00
Yes
Yes
Yes
Yes
Yes
 
4
check_circle
Plus500
Plus500 Review
80.6% of retail CFD accounts lose money.
 
3
4
3
3
1
1.5
3.5
1
 
83
2008
Yes
Yes
Yes
No
Yes
No
Yes
Yes
No
No
No
Yes
Yes
 
Yes
60
2045
No
Yes
 
N/A
0.6
No
 
Yes
Yes
Yes
No
No
No
No
No
No
No
 
Yes
10
Yes
No
No
0
103
No
Yes
 
Yes
Yes
No
Yes
No
Yes
Yes
18
No
 
No
No
No
No
No
No
No
No
No
No
No
Yes
No
No
No
 
No
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
Yes
No
 
€100
Yes
Yes
Yes
Yes
No
 
3

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 4/03/2018 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.

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

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