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Swissquote vs Plus500 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is Swissquote better than Plus500? In our analysis of 23 international regulators across 62 of the best forex brokers, Swissquote is considered low-risk, with an overall Trust Score of 99 out of 99. Plus500 is considered low-risk, with an overall trust score of 98 out of 99. Learn more about Trust Score.

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Overall RatingSwissquotePlus500
Overall Rating 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 3.5/5 Stars 4.5/5 Stars
Offering of Investments 5/5 Stars 4/5 Stars
Platform & Tools 4.5/5 Stars 4.5/5 Stars
Mobile Trading 4.5/5 Stars 4.5/5 Stars
Research 4.5/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score 99 98
Winner check_circle
Review Swissquote Review Plus500 Review
RegulationSwissquotePlus500
Trust Score 99 98
Year Founded 1996 2008
Publicly Traded (Listed) Yes Yes
Bank Yes No
Authorised in European Union Yes info Yes info
Tier-1 Licenses 4 4
Tier-2 Licenses 1 3
Tier-3 Licenses 0 0
Tier-1 Licenses (High Trust)SwissquotePlus500
ASIC Authorised (Australia) No Yes
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) Yes No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No Yes
MAS Authorised (Singapore) Yes Yes
FINMA Authorised (Switzerland) Yes No
FCA Authorised (U.K.) Yes Yes
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No Yes
Tier-2 Licenses (Average Trust)SwissquotePlus500
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) No Yes
SEBI Authorised (India) No No
ISA Authorised (Israel) No Yes
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No Yes
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) Yes No
Tier-3 Licenses (Low Trust)SwissquotePlus500
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsSwissquotePlus500
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 466 2800
Forex Pairs (Total) 78 71
U.S. Stock Trading (Non CFD) Yes Yes
Int'l Stock Trading (Non CFD) Yes Yes
Social Trading / Copy Trading Yes No
Cryptocurrency (Physical) Yes No
Cryptocurrency (CFD) No Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account.
CostSwissquotePlus500
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
Execution: Agency Broker Yes No
Execution: Market Maker Yes Yes
FundingSwissquotePlus500
Minimum Initial Deposit $1000 โ‚ฌ100
PayPal (Deposit/Withdraw) Yes Yes
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsSwissquotePlus500
Proprietary Platform Yes Yes
Desktop Platform (Windows) Yes No
Web Platform Yes Yes
Social Trading / Copy Trading Yes No
MetaTrader 4 (MT4) Yes No
MetaTrader 5 (MT5) Yes No
cTrader No No
DupliTrade No No
ZuluTrade No No
Trading ToolsSwissquotePlus500
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 7 9
Charting - Indicators / Studies (Total) 49 110
Charting - Drawing Tools (Total) 16 21
Charting - Trade From Chart Yes No
Charts can be saved Yes Yes
Mobile TradingSwissquotePlus500
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing No Yes
Mobile Charting - Indicators / Studies 30 110
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave Yes No
Forex Calendar Yes Yes
ResearchSwissquotePlus500
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes No
Autochartist Yes No
Trading Central (Recognia) Yes Yes
Social Sentiment - Currency Pairs No Yes
Economic Calendar Yes Yes
EducationSwissquotePlus500
Has Education - Forex or CFDs Yes Yes
Client Webinars Yes Yes
Client Webinars (Archived) Yes Yes
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos No No
Investor Dictionary (Glossary) Yes No
Major Forex PairsSwissquotePlus500
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
Review Swissquote Review Plus500 Review
OverallSwissquotePlus500
Overall Rating 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 3.5/5 Stars 4.5/5 Stars
Offering of Investments 5/5 Stars 4/5 Stars
Platform & Tools 4.5/5 Stars 4.5/5 Stars
Mobile Trading 4.5/5 Stars 4.5/5 Stars
Research 4.5/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score 99 98
Winner check_circle
Review Swissquote Review Plus500 Review
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Swissquote vs Plus500 Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare Swissquote vs Plus500.

Does Swissquote or Plus500 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 Swissquote or Plus500 safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both Swissquote and Plus500 hold 4 global Tier-1 licenses. Plus500 holds 3 global Tier-2 licenses, while Swissquote holds 1. In our analysis of 23 international regulators across 50 brokers, Swissquote earned a higher Trust Score than Plus500.

Which trading platform is better: Swissquote or Plus500?

To compare the trading platforms of both Swissquote and Plus500, 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.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

Swissquote provides traders 78 currency pairs (e.g., EUR/USD) compared to Plus500's 71 available pairs. Forex pairs aside, Plus500 offers traders access to 2800 CFDs while Swissquote has 466 available CFDs, a difference of 2334.

Can I trust Swissquote?

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).

Can I trust Plus500?

Plus500 is publicly traded and does not operate a bank. Plus500 is authorised by five tier-1 regulators (high trust), three tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Plus500 is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA), Australian Securities & Investment Commission (ASIC), and the Monetary Authority of Singapore (MAS).

Is Swissquote good?

Traders choose Swissquote for its quality research and vast multi-asset offering โ€“ as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank.

Is Plus500 good?

Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to a thorough selection of CFDs. Share trading is available, but only via its Plus500 Invest product offering.

Overall winner: Swissquote

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.



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