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Swissquote vs TopFX 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of Swissquote vs TopFX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

Swissquote
4.5/5 Stars Overall
  • Minimum Deposit: $1000
  • Trust Score: 99
  • Tradeable Symbols (Total): 472
TopFX
3.5/5 Stars Overall
  • Minimum Deposit: Depends on payment method
  • Trust Score: 67
  • Tradeable Symbols (Total): 655

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.

Regulation

When comparing Swissquote and TopFX, the details highlight significant differences in their trustworthiness and regulatory standing. Founded in 1996, Swissquote stands out with a Trust Score of 99, making it highly trusted according to ForexBrokers.com. As a publicly traded bank, Swissquote holds the upper hand with 5 Tier-1 licenses and 2 Tier-2 licenses, ensuring an extra layer of security and confidence for investors.

In contrast, TopFX, established in 2010, has a Trust Score of 67, categorizing it as a high-risk broker. Unlike Swissquote, TopFX is not publicly traded and is not a bank, which might be a consideration for those seeking maximum reliability. It holds just 1 Tier-1 license and lacks any Tier-2 licenses, indicating a lower level of regulatory protection. This contrast reflects the importance of evaluating both trust scores and regulatory approvals when choosing an online broker.

Feature Swissquote logoSwissquote
TopFX logoTopFX
Year Founded info 1996 2010
Publicly Traded (Listed) info Yes No
Bank info Yes No
Tier-1 Licenses info 5 1
Tier-2 Licenses info 2 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 1

Fees

For commissions and fees, TopFX scores 4/5 stars and ranks #41 of 63 at ForexBrokers.com, while Swissquote scores 3.5/5 stars and ranks #54 of 63. That gap reflects pricing: TopFX’s commission-based RAW account delivers low average spreads plus a modest commission, whereas many Swissquote accounts show higher minimum spreads and larger deposit requirements.

Swissquote’s pricing depends on the entity and account. In the U.K., the Elite account suits active traders who can deposit $10,000, pairing lower spreads with a $5 charge per round-turn trade; the Standard account starts from 1.3 pips on EUR/USD, and the Prime account lists a 0.6-pip minimum (a floor, not an average). In Luxembourg, minimum spreads run from 1.5 pips (Standard, $1,000 minimum) to 0.8 pips (Prime, $50,000). In Switzerland, EUR/USD minimums are 1.7 pips (Standard, $1,000), 1.4 pips (Premium, $10,000), and 1.1 pips (Prime, $50,000). Overall, Swissquote typically prices above the lowest-cost brokers, and any active-trader discounts are negotiated.

TopFX keeps it simple with two accounts on MetaTrader and cTrader. The RAW account charges 2.75 EUR per side (5.50 EUR round turn) and, in July 2024, averaged 0.33 pips on EUR/USD; adding the commission (about 0.55 pips) puts the all-in cost near 0.88 pips, roughly in line with the industry average. The ZERO account is commission-free but averaged about 1.03 pips on EUR/USD in July 2024. Minimum deposit depends on your payment method. In practical terms, TopFX’s RAW pricing undercuts many of Swissquote’s listed minimums unless you qualify for Swissquote U.K.’s tighter, commission-based setup.

Feature Swissquote logoSwissquote
TopFX logoTopFX
Minimum Deposit info $1000 Depends on payment method
Average Spread EUR/USD - Standard info N/A info 1.03 info
All-in Cost EUR/USD - Active info N/A info 0.88 info
Active Trader or VIP Discounts info Yes No
ACH or SEPA Transfers info Yes No
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

Swissquote and TopFX both let you trade forex as CFDs or spot contracts and both support copy trading. TopFX lists more total tradeable symbols (655 vs. 472), which may suit traders who want lots of CFD choices. Swissquote counters with more forex pairs (80 vs. 60), the ability to buy actual cryptocurrencies as well as crypto derivatives, and access to exchange-traded U.S. and international shares—so you can purchase real stocks like Apple or Vodafone, not just CFDs. TopFX does not offer exchange-traded U.S. or international stocks and does not support buying actual crypto.

For a wide multi-asset toolkit that includes real stocks and delivered crypto, Swissquote is the stronger pick. For traders focused mainly on CFD variety, TopFX’s larger symbol count is appealing. Reflecting this, ForexBrokers.com rates Swissquote 5 stars for Range of Investments (ranked #2 of 63), while TopFX earns 3.5 stars (ranked #47 of 63).

Feature Swissquote logoSwissquote
TopFX logoTopFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 472 655
Forex Pairs (Total) info 80 60
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info Yes No
Cryptocurrency (Derivative) info 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.

Trading platforms and tools

Swissquote and TopFX both offer free demo accounts for paper trading, plus web and Windows desktop platforms with copy trading. Each supports MetaTrader 4 (MT4); only Swissquote adds MetaTrader 5 (MT5) and also provides its own in-house platform, while TopFX does not. Neither broker integrates DupliTrade or ZuluTrade.

For charting, both allow trading directly from the chart. Swissquote lists 75 drawing tools versus 15 at TopFX; indicator counts are not specified for either. Watchlists are more detailed at Swissquote (11 columns) than at TopFX (7 columns). In independent reviews, Swissquote earns 4.5 stars and ranks 12th out of 63 for Trading Platforms and Tools, while TopFX scores 4 stars and ranks 46th. Traders seeking broader platform choice and more charting tools may prefer Swissquote, while TopFX covers the essentials with MT4 and copy trading.

Feature Swissquote logoSwissquote
TopFX logoTopFX
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes No
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 86 30
Charting - Drawing Tools (Total) info 75 15
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 11 7

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Both Swissquote and TopFX deliver full-featured mobile trading apps for iPhone and Android. You can set price alerts, build watchlists with real-time quotes, and analyze charts with 30 technical studies on either app. Chart tools are similar, too: draw trendlines, switch between multiple time frames (intraday to weekly), and rely on auto-saved drawings so your work isn’t lost. One shared limitation is that watchlist symbol syncing isn’t supported, so changes made on mobile won’t automatically carry over to the online account (and vice versa).

Where they differ is in third-party ratings. Swissquote earns 4.5 out of 5 stars for mobile trading apps and ranks #12 out of 63 brokers with ForexBrokers.com. TopFX receives 4 out of 5 stars and ranks #52 out of 63. If you want similar core features but care about higher-rated mobile experience, Swissquote has the edge; if you already trade with TopFX, its app still checks the key boxes for trading on the go.

Feature Swissquote logoSwissquote
TopFX logoTopFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

For market research, Swissquote offers a more complete in-house experience: it provides daily market commentary, premium forex news from top-tier sources like Bloomberg/Reuters, and an economic calendar. In independent testing, Swissquote earned 4 out of 5 stars for Research and ranks 16th out of 63 brokers at ForexBrokers.com. TopFX also delivers premium news and an economic calendar, but it does not publish daily commentary; it is rated 3 out of 5 stars and ranks 61st out of 63.

Both brokers include Autochartist for trade ideas and chart patterns. TopFX goes further with Trading Central tools and a sentiment indicator showing the long/short split—features Swissquote does not offer. Swissquote does not include TipRanks or Acuity Trading, and TopFX does not clearly indicate support for TipRanks or Acuity Trading.

Feature Swissquote logoSwissquote
TopFX logoTopFX
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central (Recognia) info No Yes
Social Sentiment - Currency Pairs info No Yes
TipRanks info No
Signal Centre (Acuity Trading) info No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginner traders seeking forex and CFDs education, Swissquote clearly leads. It offers an extensive learning hub with well over 10 educational pieces focused on forex and CFDs, monthly client webinars, and a searchable archive of past sessions. New traders get at least 10 beginner-friendly videos, while those ready to level up can access 10+ advanced videos. Swissquote also includes an investor dictionary with 50+ terms to help you grasp key concepts. Reflecting this depth, Swissquote holds a 4 out of 5 education rating and ranks #20 out of 63 brokers for Education on ForexBrokers.com.

TopFX, by contrast, does not meet these benchmarks. It does not offer 10+ forex/CFD education pieces, does not run monthly educational webinars, and has no searchable webinar archive. It also lacks 10+ beginner or advanced trading videos and does not provide a large investor dictionary. TopFX’s education rating is 3 out of 5, and it ranks #62 out of 63 for Education, making Swissquote the more beginner-friendly choice.

Feature Swissquote logoSwissquote
TopFX logoTopFX
Education (Forex or CFDs) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that Swissquote is better than TopFX. Swissquote finished with an overall rank of #11, while TopFX finished with an overall rank of #62.

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 logoSwissquote
TopFX logoTopFX
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Trust Score info 99 67
Range of Investments 5/5 Stars 3.5/5 Stars
Commissions & Fees 3.5/5 Stars 4/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Research 4/5 Stars 3/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Education 4/5 Stars 3/5 Stars

FAQs

Can you trade cryptocurrency with Swissquote or TopFX?

Swissquote provides the option to buy both actual delivered cryptocurrencies and cryptocurrency derivatives, whereas TopFX only offers the ability to purchase cryptocurrency derivatives.

What funding options does each broker offer?

Swissquote and TopFX both provide multiple options for depositing and withdrawing account funds, including PayPal, Skrill, Visa, Mastercard, and bank wires, but Swissquote offers a broader range of funding methods by supporting ACH and SEPA transfers, which TopFX does not.

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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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Overall Rating Swissquote TopFX
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 3.5/5 Stars 4/5 Stars
Range of Investments 5/5 Stars 3.5/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4/5 Stars 3/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score info 99 67
Winner check_circle
Review Swissquote Review TopFX Review
Broker Screenshots Swissquote TopFX
Broker Gallery (click to expand) info
Swissquote CFXD mobile app watchlist light mode. Swissquote CFXD web platform dark mode. Swissquote YouTube videos market analysis research. Swissquote educational course learning center
TopFX MetaTrader 4 desktop trading platform TopFX MetaTrader 4 desktop trading platform charts TopFX cTrader web trading platform TopFX cTrader desktop trading platform charts TopFX cTrader desktop trading platform TopFX cTrader desktop trading platform algo trading TopFX cTrader desktop market order window
Regulation Swissquote TopFX
Trust Score info 99 67
Year Founded info 1996 2010
Publicly Traded (Listed) info Yes No
Bank info Yes No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 5 1
Tier-2 Licenses info 2 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 1
Tier-1 Licenses (Highly Trusted) Swissquote TopFX
Australia (ASIC Authorised) info No No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info Yes No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info Yes
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) Swissquote TopFX
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA, FSRA, or SCA Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments Swissquote TopFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 472 655
Forex Pairs (Total) info 80 60
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info Yes No
Cryptocurrency (Derivative) info 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 TopFX
Average Spread EUR/USD - Standard info N/A info 1.03 info
All-in Cost EUR/USD - Active info N/A info 0.88 info
Active Trader or VIP Discounts info Yes No
Inactivity Fee info Yes No
Execution: Agency Broker info Yes No
Execution: Market Maker info Yes Yes
Funding Swissquote TopFX
Minimum Deposit info $1000 Depends on payment method
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes No
Trading Platforms Swissquote TopFX
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes No
cTrader info No Yes
DupliTrade info No No
ZuluTrade info No No
Trading Tools Swissquote TopFX
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 11 7
Charting - Indicators / Studies (Total) info 86 30
Charting - Drawing Tools (Total) info 75 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading Swissquote TopFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes Yes
Research Swissquote TopFX
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central (Recognia) info No Yes
TipRanks info No
Social Sentiment - Currency Pairs info No Yes
Economic Calendar info Yes Yes
Education Swissquote TopFX
Education (Forex or CFDs) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes No
Major Forex Pairs Swissquote TopFX
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review Swissquote Review TopFX Review
Overall Swissquote TopFX
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 3.5/5 Stars 4/5 Stars
Range of Investments 5/5 Stars 3.5/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4/5 Stars 3/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score info 99 67
Winner check_circle
Review Swissquote Review TopFX Review
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