Is Plus500 better than Swissquote? After testing 27 of the best forex brokers over five months, Swissquote is better than Plus500. Traders willing to pay a premium to have their brokerage account held with a Swiss bank choose Swissquote for its competitive, multi-asset offering. That said, Swissquote's UK-based offering provides better pricing despite offering a smaller range of markets.
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Swissquote vs Plus500 2021
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 | Swissquote | Plus500 |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 99 | 98 |
| Swissquote Review | Plus500 Review | |
| Winner | check_circle | |
| 79% of retail CFD accounts lose money | 76.4% of retail CFD accounts lose money |
Regulation
| Feature | Swissquote | Plus500 |
| Trust Score | 99 | 98 |
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Year Founded |
1996 | 2008 |
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Publicly Traded (Listed) |
Yes | Yes |
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Bank |
Yes | No |
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Tier-1 Licenses |
4 | 3 |
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Tier-2 Licenses |
1 | 4 |
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Tier-3 Licenses |
0 | 0 |
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Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses (High Trust)
| Feature | Swissquote | Plus500 |
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ASIC Authorised (Australia) |
No | Yes |
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IIROC Authorised (Canada) |
No | No |
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SFC Authorised (Hong Kong) |
Yes | No |
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FSA Authorised (Japan) |
No | No |
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MAS Authorised (Singapore) |
Yes | Yes |
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FINMA Authorised (Switzerland) |
Yes | No |
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FCA Authorised (UK) |
Yes | Yes |
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CFTC Registered (USA) |
No | No |
Investments
| Feature | Swissquote | Plus500 |
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Forex: Spot Trading |
Yes | Yes |
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Social Trading / Copy-Trading |
Yes | No |
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Currency Pairs (Total Forex pairs) |
78 | 50 |
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CFDs - Total Offered |
49 | 2033 |
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Cryptocurrency traded as actual |
Yes | No |
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Cryptocurrency traded as CFD |
No | Yes |
Cost
| Feature | Swissquote | Plus500 |
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Average Spread EUR/USD - Standard |
N/A | 0.6 (as of Aug 2018) |
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All-in Cost EUR/USD - Active |
N/A | N/A |
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Active Trader or VIP Discounts |
Yes | No |
Funding
| Feature | Swissquote | Plus500 |
|
Minimum Initial Deposit |
$1000.00 | €100 |
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Bank Wire (Deposit/Withdraw) |
Yes | Yes |
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Visa/Mastercard (Credit/Debit) |
Yes | Yes |
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PayPal (Deposit/Withdraw) |
Yes | Yes |
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Skrill (Deposit/Withdraw) |
Yes | Yes |
Trading Platforms
| Feature | Swissquote | Plus500 |
|
Proprietary Platform |
Yes | Yes |
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Desktop Platform (Windows) |
Yes | Yes |
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Web Platform |
Yes | Yes |
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Social Trading / Copy-Trading |
Yes | No |
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MetaTrader 4 (MT4) |
Yes | No |
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MetaTrader 5 (MT5) |
Yes | No |
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cTrader |
No | No |
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DupliTrade |
No | No |
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ZuluTrade |
No | No |
Trading Tools
| Feature | Swissquote | Plus500 |
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Virtual Trading (Demo) |
Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes |
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Watchlists - Total Fields |
7 | 10 |
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Charting - Indicators / Studies (Total) |
49 | 103 |
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Charting - Drawing Tools (Total) |
16 | 21 |
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Charting - Trade From Chart |
Yes | No |
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Charting - Drawings Autosave |
Yes | No |
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Order Type - Trailing Stop |
Yes | Yes |
Mobile Trading
| Feature | Swissquote | Plus500 |
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Android App |
Yes | Yes |
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Apple iOS App |
Yes | Yes |
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Trading - Forex |
Yes | Yes |
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Trading - CFDs |
Yes | Yes |
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Alerts - Basic Fields |
No | Yes |
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Watch List |
No | Yes |
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Watch List Syncing |
No | Yes |
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Charting - Indicators / Studies |
30 | 18 |
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Charting - Draw Trendlines |
No | No |
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Charting - Trendlines Moveable |
No | No |
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Charting - Multiple Time Frames |
Yes | Yes |
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Charting - Drawings Autosave |
No | No |
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Forex Calendar |
No | No |
Research
| Feature | Swissquote | Plus500 |
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Daily Market Commentary |
Yes | No |
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Forex News (Top-Tier Sources) |
Yes | No |
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Weekly Webinars |
Yes | No |
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AutoChartist |
Yes | No |
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Trading Central (Recognia) |
Yes | No |
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Delkos Research |
No | No |
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Social Sentiment - Currency Pairs |
No | No |
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Economic Calendar |
Yes | Yes |
Education
| Feature | Swissquote | Plus500 |
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Has Education - Forex |
Yes | No |
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Has Education - CFDs |
No | No |
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Client Webinars |
Yes | No |
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Client Webinars (Archived) |
Yes | No |
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Videos - Beginner Trading Videos |
Yes | No |
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Videos - Advanced Trading Videos |
No | No |
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Investor Dictionary (Glossary) |
Yes | No |
Major Forex Pairs
| Feature | Swissquote | Plus500 |
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GBP/USD |
Yes | Yes |
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USD/JPY |
Yes | Yes |
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EUR/USD |
Yes | Yes |
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USD/CHF |
Yes | Yes |
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USD/CAD |
Yes | Yes |
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NZD/USD |
Yes | Yes |
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AUD/USD |
Yes | Yes |
Overall
| Feature | Swissquote | Plus500 |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 99 | 98 |
| Swissquote Review | Plus500 Review |
Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare Plus500 vs Swissquote.
Does Plus500 or Swissquote offer lower pricing?
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, Plus500 offers better pricing overall for traders.
Is Plus500 or Swissquote safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. Swissquote holds 4 global Tier-1 licenses, while Plus500 holds 3. Plus500 holds 4 global Tier-2 licenses, while Swissquote holds 1. All regulators considered, Swissquote has a Trust Score of 99.00, while Plus500's Trust Score is 98.00.
Which trading platform is better: Plus500 or Swissquote?
To compare the trading platforms of both Plus500 and Swissquote, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Plus500 offers a better experience. With research, Swissquote offers superior market research. Finally, we found Plus500 to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. While Swissquote offers copy trading, Plus500 does not. Swissquote offers MetaTrader 4 (MT4), while Plus500 does not.
How many forex pairs and CFDs are available to trade?
Swissquote provides traders 78 currency pairs (e.g., EUR/USD) compared to Plus500's 50 available pairs. Forex pairs aside, Plus500 offers traders access to 2033 CFDs while Swissquote has 49 available CFDs, a difference of 1,984.
Overall winner: Swissquote
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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 website as of 12/14/2020 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.
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Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
