Written by ForexBrokers.com
In this head to head comparison of Swissquote vs Spreadex, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Swissquote and Spreadex are online brokers with different profiles. Swissquote, founded in 1996, is publicly traded and operates as a bank. Spreadex, founded in 1999, is privately held and is not a bank.
On regulation, Swissquote holds 5 Tier-1 (highly trusted) and 2 Tier-2 (trusted) licenses and has a ForexBrokers.com Trust Score of 99/99 (90–99 = highly trusted). Spreadex holds 1 Tier-1 and no Tier-2 licenses with a Trust Score of 70/99 (70–79 = average risk). For context, ForexBrokers.com rates 80–89 as trusted, 60–69 high risk, and below 59 not trusted.
| Feature |
Swissquote
|
Spreadex
|
|---|---|---|
| Year Founded | 1996 | 1999 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When it comes to commissions and fees, Spreadex is the cheaper choice for most traders. Its EUR/USD pricing averaged 0.81 pips in January 2024, with a 0.6-pip minimum spread showing up 60% of the time that month. That helped Spreadex earn a 4-star rating and a Commissions and Fees rank of #27 out of 36 brokers.
Swissquote is more expensive overall, but some traders may value the experience of trading with a Swiss banking group. Costs vary by entity and account type, with the U.K. arm usually offering the lowest prices. Even so, Swissquote’s spreads and fees are generally higher than lower-cost forex brokers: the U.K. Standard account starts from 1.3 pips on EUR/USD, Luxembourg’s Standard account can go as high as 1.5 pips minimum spread, and Swissquote’s Swiss accounts begin from 1.7 pips on EUR/USD for the Standard account.
For active traders willing to meet higher deposit requirements, Swissquote’s pricing can improve. The U.K. Elite account charges a $5 round-turn commission with lower spreads, while Swissquote’s Prime accounts in the U.K., Luxembourg, and Switzerland require larger balances and still carry minimum spreads around 0.6 to 1.1 pips depending on the entity. Overall, Swissquote is rated 3.5 stars and ranks #37 out of 36 brokers for Commissions and Fees, while Spreadex comes out ahead on price.
| Feature |
Swissquote
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $1000 | $0 |
| Average spread (EUR/USD) - Spread-only account | N/A | 0.81 |
| All-in Cost EUR/USD - Raw spread account | N/A | N/A |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Swissquote and Spreadex both give traders access to forex through CFDs or spot contracts, and each earns a 5-star rating for range of investments. That said, Swissquote offers a wider mix of markets overall, with 472 tradeable symbols, 80 forex pairs, and access to exchange traded securities on both U.S. and international exchanges. It also stands out for extra options such as copy trading and the ability to buy actual cryptocurrency, not just crypto CFDs.
Spreadex offers a much larger total list of tradeable symbols, with 10,000 available, but its market lineup is narrower in other key areas. It has 52 forex pairs and does not offer exchange traded securities on U.S. or international exchanges, copy trading, or direct cryptocurrency ownership. It does, however, allow crypto CFD trading. In ForexBrokers.com’s Range of Investments category, Swissquote ranks #2 out of 36 brokers, while Spreadex ranks #13.
| Feature |
Swissquote
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 10000 |
| Forex Pairs (Total) | 80 | 52 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | Yes | No |
| Cryptocurrency (CFDs) | Yes | 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). |
Dive deeper: Best Copy Trading Platforms.
Swissquote has the edge over Spreadex for trading platforms and tools, especially if you want more ways to trade and more platform choices. Both brokers offer free demo accounts, web-based platforms, and the ability to trade directly from charts, and each has its own in-house platform. However, Swissquote also supports a Windows desktop platform, copy trading, and access to both MetaTrader 4 and MetaTrader 5, while Spreadex does not offer those extras.
In ratings, Swissquote also comes out ahead with 4.5 out of 5 stars for Trading Platforms and Tools, compared with Spreadex’s 4 stars. That stronger setup helps explain Swissquote’s higher ranking from ForexBrokers.com, where it places #12 out of 36 brokers in this category, while Spreadex ranks #37. For traders who want more platform variety and added tools, Swissquote is the stronger choice; Spreadex still covers the basics well for traders who prefer a simpler setup.
| Feature |
Swissquote
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 86 | 58 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Swissquote and Spreadex both offer mobile trading apps for iPhone and Android, and both include price alerts plus the ability to draw trendlines on charts. Neither broker offers watchlist symbol syncing between the mobile app and the online account, so watchlists do not update across devices automatically. For charting, Swissquote has an edge with 30 technical studies in its app, while Spreadex does not list technical studies for mobile charting.
Swissquote also stands out for convenience, since its mobile app auto-saves chart drawings, while Spreadex does not. That difference, along with Swissquote’s higher mobile app rating of 4.5 out of 5 stars and its #12 ranking out of 36 brokers for mobile trading apps, gives it the lead over Spreadex, which is rated 4 stars and ranked #36.
| Feature |
Swissquote
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
Swissquote and Spreadex both give traders useful market research tools, including daily market commentary, forex news from major sources like Bloomberg, Reuters, and Dow Jones, plus an economic calendar for tracking key global events. Each also offers Autochartist, which can help spot possible trading setups through technical and fundamental analysis. In these core areas, both brokers are well matched for traders who want regular updates and practical research support.
Where Swissquote and Spreadex differ is in sentiment data and overall research strength. Spreadex adds a tool that shows long and short position ratios across markets, while Swissquote does not. Neither broker offers Trading Central, TipRanks, or Acuity Trading tools. Still, Swissquote comes out ahead overall, with a 4.5-star research rating and a #15 ranking out of 36 brokers from ForexBrokers.com, compared with Spreadex at 4 stars and #29.
| Feature |
Swissquote
|
Spreadex
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central | No | No |
| Client sentiment data | No | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for trading education, Swissquote has the edge over Spreadex. Swissquote offers forex and CFD learning content, holds online educational client webinars at least once a month, and provides 10 or more beginner videos as well as 10 or more advanced videos. It also earns a higher Education rating of 4.5 out of 5 and ranks #19 out of 36 brokers for Education at ForexBrokers.com, which points to a wider range of learning tools for new and more experienced traders alike.
Spreadex still gives beginners access to 10 or more beginner trading videos, but it falls behind Swissquote in other key areas. It does not offer monthly educational webinars, does not have 10 or more advanced videos, and does not meet the standard for forex or CFD education with at least 10 related learning pieces. With a 4-star Education rating and a #36 ranking out of 36, Spreadex offers a more limited learning experience overall.
| Feature |
Swissquote
|
Spreadex
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Swissquote is better than Spreadex. Swissquote finished with an overall rank of #12, while Spreadex finished with an overall rank of #33.
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.
| Feature |
Swissquote
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Spreadex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 70 |
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Swissquote vs Spreadex: Swissquote lets you buy actual (delivered) cryptocurrencies and trade cryptocurrency CFDs, while Spreadex offers only cryptocurrency CFDs and does not support buying real coins.
Swissquote vs Spreadex: among online brokers, Swissquote supports ACH/SEPA transfers, PayPal, Skrill, and bank wires for deposits and withdrawals, while Spreadex currently offers only bank wire transfers.
Please note:
We review each broker’s overall global offering – a “Yes” 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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0 of 5| Overall Rating | Swissquote | Spreadex | |
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| Trust Score | 99 | 70 | |
| Winner | check_circle | ||
| Review | Swissquote Review | Spreadex Review |
| Broker Screenshots | Swissquote | Spreadex | |
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| Regulation | Swissquote | Spreadex | |
|---|---|---|---|
| Trust Score | 99 | 70 | |
| Year Founded | 1996 | 1999 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 5 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | Spreadex | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Swissquote | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Swissquote | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 10000 | |
| Forex Pairs (Total) | 80 | 52 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | Yes | No | |
| Cryptocurrency (CFDs) | Yes | 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). |
| Cost | Swissquote | Spreadex | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | N/A | 0.81 | |
| All-in Cost EUR/USD - Raw spread account | N/A | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Swissquote | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $1000 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| Trading Platforms | Swissquote | Spreadex | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | Swissquote | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 86 | 58 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | Spreadex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Swissquote | Spreadex | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | Spreadex | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Swissquote | Spreadex | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | Swissquote Review | Spreadex Review |
| Overall | Swissquote | Spreadex | |
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| Trust Score | 99 | 70 | |
| Winner | check_circle | ||
| Review | Swissquote Review | Spreadex Review |
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