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, Swissquote is the pricier of the two brokers. Its appeal is more about banking prestige and account choice than low trading costs, and its pricing varies by region. In the U.K. and Luxembourg, Swissquote offers lower-cost accounts for active traders, but even there spreads are generally higher than what you will find at many discount forex brokers. In Switzerland, its forex accounts start with spreads from 1.7 pips on EUR/USD for the Standard account, while the Prime account starts from 1.1 pips and requires a much larger deposit. Swissquote is rated 3.5/5 stars for commissions and fees and is ranked #35 out of 36 brokers.
Spreadex is the lower-cost choice in this comparison. In January 2024, its average EUR/USD spread was 0.81 pips, and the minimum spread of 0.6 pips was available 60% of the time during the month. That makes its pricing more competitive for traders who want tighter spreads and fewer trading costs overall. Spreadex is rated 4/5 stars for commissions and fees and is ranked #25 out of 36 brokers.
In short, if keeping trading costs down is your main goal, Spreadex has the edge over Swissquote. Swissquote may still appeal to traders who value a Swiss banking name and a wider range of account structures, but for commissions and fees alone, Spreadex offers the better deal.
| Feature |
Swissquote
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $1000 | $0 |
| Average spread (EUR/USD) - Standard account | N/A | 0.81 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | 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 and Spreadex both give traders a choice of web-based platforms and free demo accounts, so beginners can practice before using real money. Each broker also lets users trade directly from charts and offers its own in-house platform. Swissquote goes further with a Windows desktop platform, MetaTrader 4, MetaTrader 5, and copy trading, which may appeal to active traders who want more ways to trade and analyze the markets.
In trading platforms and tools, Swissquote has the stronger overall setup. It scores 4.5 out of 5 stars and is ranked #12 out of 36 brokers by ForexBrokers.com, while Spreadex scores 4 out of 5 stars and ranks #34. That gap mainly comes down to platform choice, since Swissquote supports more trading software options, while Spreadex keeps things simpler with just its web platform and proprietary system.
| 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 each includes stock or forex price alerts, as well as the ability to draw trendlines on charts. Neither broker offers watchlist symbol syncing between the mobile app and the online account, so changes made in one place do not update the other. For charting, Swissquote stands out with 30 technical studies in its mobile app, while Spreadex does not list a technical studies count.
In day-to-day use, Swissquote has the edge for mobile trading apps. Its app also auto-saves chart drawings, which can make mobile chart analysis easier, and it is rated 4.5 out of 5 stars for mobile trading apps, ranking #12 out of 36 brokers by ForexBrokers.com. Spreadex is still a solid choice with a 4-star rating, but it ranks lower at #33 out of 36 and does not auto-save drawings in the app.
| 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 a helpful set of market research tools. Each broker offers daily market commentary, forex news from major sources such as Bloomberg, Reuters, and Dow Jones, Autochartist tools, and an economic calendar for tracking key global events. Neither broker includes Trading Central, TipRanks, or Acuity Trading research, so in that sense their research lineups are fairly similar.
The main difference is that Spreadex also includes a sentiment tool showing the balance of long and short positions, while Swissquote does not. Swissquote, however, scores higher overall for research, with a 4.5-star rating and a #15 ranking out of 36 brokers from ForexBrokers.com, compared with Spreadex’s 4-star rating and #27 ranking. For traders who want a slightly stronger research offering overall, Swissquote has the edge, while Spreadex may appeal to those who value sentiment data.
| 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.
When it comes to beginner-friendly learning tools, Swissquote gives new traders more to work with than Spreadex. Swissquote offers forex and CFD education with at least 10 learning pieces focused on those markets, plus online client webinars at least once a month. It also provides 10 or more beginner videos and 10 or more advanced videos, making it a stronger fit for traders who want to keep learning as they gain experience. That stronger support is reflected in its 4.5-star Education rating and #19 ranking out of 36 brokers by ForexBrokers.com.
Spreadex still covers some helpful basics, including at least 10 beginner trading videos, but its education offering is smaller overall. It does not provide monthly online client webinars, and it does not meet the mark for 10 advanced educational videos. It also does not appear to offer enough forex or CFD-focused education pieces to qualify in that area. With a 4-star Education rating and a #33 ranking out of 36, Spreadex is less complete than Swissquote for beginners who want a wider range of learning materials.
| 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 #11, while Spreadex finished with an overall rank of #32.
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
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|---|---|---|
| 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) - Standard account | N/A | 0.81 | |
| All-in Cost EUR/USD - Active | 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 | 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 Watchlist [DELETED] | |||
| 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 | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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