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.
Founded in 1996, Swissquote stands out as a highly trusted online broker, enjoying a top-tier Trust Score of 99 out of 99 according to ForexBrokers.com. As a publicly traded entity and recognized bank, Swissquote offers a high level of financial security. It holds an impressive five Tier-1 licenses and two Tier-2 licenses, further cementing its status as a reliable choice for investors seeking a safe trading environment.
Spreadex, established in 1999, presents a different profile with a Trust Score rating of 71, indicating an average risk according to the same rating source. Unlike Swissquote, Spreadex is not publicly traded and does not operate as a bank. It holds one Tier-1 license, reflecting a fair level of trust. However, the absence of Tier-2 licenses suggests that Spreadex may lack some of the regulatory assurances provided by its counterpart.
| 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 comparing Swissquote and Spreadex based on their commission structures and fees, it's evident that Swissquote doesn’t stand out for its pricing model. Founded as a Swiss banking heavyweight, Swissquote commands a slight premium for the reassurance of having an account with a Swiss conglomerate. Particularly, its UK branch offers relatively lower trading costs and deposit requirements compared to its Swiss and Luxembourg counterparts, but still falls short of competing with the most budget-friendly forex brokers. In the UK, Swissquote’s Elite account charges a $5 fee per round-turn trade, appealing only to active traders who deposit at least $10,000. Meanwhile, the spreads start at 1.3 pips for its Standard account, whereas Luxembourg account holders see a range from 0.8 to 1.5 pips depending on the account type. Nevertheless, Swissquote’s comprehensive trading structure clocks in at a rating of 3.5 stars for commissions and fees and holds the 53rd position out of 63 brokers.
Spreadex, on the other hand, offers a more economical alternative with average spreads for EUR/USD sitting at 0.81 pips as of January 2024. The cost-effectiveness is amplified with the minimum spread of 0.6 pips being achieved 60% of the time during the month. This competitive pricing awards Spreadex a 4-star rating in commissions and fees and noticeably positions it at the 27th rank out of 63 brokers, showcasing a more favorable standing than Swissquote in terms of cost-efficiency.
For traders prioritizing lower fees and tighter spreads, Spreadex emerges as a more appealing choice over Swissquote. While both brokers come with unique features and deposit thresholds, Spreadex's transparent fee structure is particularly advantageous for those seeking to minimize trading costs. Swissquote offers a sense of security with its Swiss banking connection, yet its cost structure may not cater to traders mindful of expenses. These differences underscore the importance of matching a broker's pricing strategy with individual trading needs.
| Feature |
Swissquote
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $1000 | $0 |
| Average Spread EUR/USD - Standard | N/A | 0.81 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments offered by Swissquote and Spreadex, both platforms support forex trading through CFDs or spot contracts. Swissquote provides access to 472 tradeable symbols and an impressive 80 forex pairs. In contrast, Spreadex offers 10,000 tradeable symbols but fewer forex pairs, with 52 available options. Swissquote excels in offering clients the ability to purchase exchange-traded securities on U.S. and international exchanges, allowing for direct investments in companies like Apple and Vodafone. Conversely, Spreadex does not provide this option.
For those interested in cryptocurrency, Swissquote offers the ability to buy actual cryptocurrencies as well as derivatives, whereas Spreadex is limited to cryptocurrency derivatives only. Swissquote also supports copy trading, a feature not available with Spreadex. Both brokers receive a five-star rating for their range of investments, but Swissquote ranks higher overall, securing the second spot in ForexBrokers.com's evaluation compared to Spreadex's thirteenth place ranking. Whether your focus is on traditional securities, cryptocurrencies, or forex, Swissquote may offer a more comprehensive and diverse investment portfolio than Spreadex.
| Feature |
Swissquote
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 10000 |
| Forex Pairs (Total) | 80 | 52 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | 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.
Both Swissquote and Spreadex provide platforms that cater to a wide range of traders, offering both simulated trading and proprietary platforms developed in-house. Swissquote provides a broader array of trading options with its compatibility with MetaTrader 4 and MetaTrader 5, making it a versatile choice for those familiar with these popular trading tools. A Windows-based desktop platform further solidifies Swissquote's appeal, although both brokers offer web-based trading alternatives. Notably, Swissquote includes the option for copy trading, which can be a significant advantage for those looking to leverage the expertise of other successful traders; this feature is absent from Spreadex's offerings.
In terms of charting tools and watch list capabilities, Swissquote stands out with 75 drawing tools and 11 columns for watch lists, compared to Spreadex’s 11 drawing tools and 8 watch list columns. Both platforms allow trading directly from stock charts, providing traders with increased efficiency and convenience. Rated 4.5 stars out of 5 for their trading platforms and tools, Swissquote leads with a higher ranking of #12 out of 63 brokers at ForexBrokers.com, displaying its strength in providing advanced and diverse trading environments. Spreadex, while still a strong contender with a 4-star rating, is ranked #46, highlighting Swissquote's edge in offering a more comprehensive platform experience.
| Feature |
Swissquote
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| 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 |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 86 | 58 |
| Charting - Drawing Tools (Total) | 75 | 11 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Swissquote and Spreadex cater to users on their preferred devices, offering apps for iPhone and Android. For those seeking real-time market updates, both apps provide stock and forex price alerts, as well as the ability to create watchlists with live quotes. However, if syncing watchlist symbols between mobile and online accounts is crucial for you, neither broker offers this function. Regarding technical analysis, Swissquote stands out by offering 30 technical studies for charting, while such details are not available for Spreadex. Both platforms allow users to draw trendlines and view charts across multiple time frames, though Swissquote gives you the added benefit of auto-saving your chart drawings, a feature not found in Spreadex's mobile app.
Users valuing comprehensive charting capabilities might lean towards Swissquote, supported by its higher user rating of 4.5 stars compared to Spreadex's 4 stars. This is further reflected in Swissquote’s higher ranking at #12 out of 63 brokers, as per ForexBrokers.com's category specifics for mobile trading apps, with Spreadex following at #46. Whether you're a seasoned trader or a newcomer, Swissquote appears to offer a more favorable experience with advanced technical options, while Spreadex still offers solid, fundamental features for on-the-go traders.
| Feature |
Swissquote
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Swissquote and Spreadex for market research, both online brokers provide a solid suite of offerings. Each platform features daily market commentary and delivers forex news from renowned sources like Bloomberg and Reuters. They also provide tools for technical analysis and fundamental research from Autochartist, though neither offer resources from Trading Central. For traders interested in sentiment-based tools, however, Spreadex stands out as it offers insights into market attitudes, showing long or short positions across various instruments—a feature Swissquote lacks.
Both Swissquote and Spreadex supply economic calendars that keep traders informed about current and upcoming global news events. Despite both brokers receiving a 4-star rating for research, they have distinct standings in the competitive landscape: Swissquote ranks 16th while Spreadex is positioned at 31st out of 63 brokers in the Research category according to ForexBrokers.com. This ranking difference may influence traders' decisions depending on their specific research needs and preferences.
| Feature |
Swissquote
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginner traders, Swissquote and Spreadex both provide valuable content, but they differ in certain areas. Swissquote offers a comprehensive range of more than 10 educational pieces focused on forex and CFDs. They also provide ongoing monthly webinars and maintain a searchable archive of past webinars, giving traders flexibility in accessing learning materials. Swissquote extends its educational offering with over 10 beginner-friendly videos and more than 10 advanced videos for experienced traders. Additionally, Swissquote provides an extensive investor dictionary with definitions for over 50 investing terms, supporting new traders in mastering the language of finance.
Spreadex also offers a solid foundation with more than 10 educational resources targeting forex and CFDs, along with a selection of videos tailored for beginners. However, Spreadex doesn't host regular webinars or provide archived recordings, which might limit options for traders who prefer interactive learning sessions. While they offer beginner-focused videos, the absence of advanced educational videos could be a drawback for those seeking deeper insights. Spreadex does, however, feature an investor dictionary containing over 50 investing terms. While both brokers are rated four stars for education, Swissquote stands out with a higher ranking on ForexBrokers.com, placing #21 compared to Spreadex's position at #45.
| Feature |
Swissquote
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
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 #39.
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
|
Spreadex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 71 |
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Swissquote allows the purchase of both actual delivered cryptocurrency and cryptocurrency derivatives, whereas Spreadex only offers the ability to trade cryptocurrency derivatives.
When comparing online brokers Swissquote and Spreadex, Swissquote stands out by offering a wider range of deposit and withdrawal options, supporting ACH, SEPA, PayPal, and Skrill, in addition to Visa, Mastercard, and bank wires, whereas Spreadex provides fewer options, limited to Visa, Mastercard, and bank wire transactions.
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 | 71 | |
| Winner | check_circle | ||
| Review | Swissquote Review | Spreadex Review |
| Broker Screenshots | Swissquote | Spreadex | |
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| Regulation | Swissquote | Spreadex | |
|---|---|---|---|
| Trust Score | 99 | 71 | |
| 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 (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| 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) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Swissquote | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 10000 | |
| Forex Pairs (Total) | 80 | 52 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | 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 | N/A | 0.81 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Swissquote | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $1000 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Swissquote | Spreadex | |
|---|---|---|---|
| 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 Tools | Swissquote | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 8 | |
| Charting - Indicators / Studies (Total) | 86 | 58 | |
| Charting - Drawing Tools (Total) | 75 | 11 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Swissquote | Spreadex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Swissquote | Spreadex | |
|---|---|---|---|
| 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 | Spreadex Review |
| Overall | Swissquote | Spreadex | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | Swissquote Review | Spreadex Review |
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