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Swissquote vs UFX 2019

Is Swissquote better than UFX? After grading forex brokers on nearly 100 different variables, Swissquote is better than UFX. Swissquote is a trusted, global multi-asset broker and bank offering traders access to over two million products, from forex to CFDs, exchange-traded securities, wealth advisory services, underlying cryptocurrencies, and more.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature Swissquote UFX
Overall 4 3.5
Swissquote Review UFX Review
74-89% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money

Regulation

Feature Swissquote UFX
Trust Score 99 66
Year Founded
1996 2011
Publicly Traded (Listed)
Yes No
Bank
Yes No
Tier-1 Licenses
4 0
Tier-2 Licenses
1 1
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature Swissquote UFX
ASIC Authorised (Australia)
No No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
Yes No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
Yes No
FINMA Authorised (Switzerland)
Yes No
FCA Authorised (UK)
Yes No
CFTC Registered (USA)
No No

Investments

Feature Swissquote UFX
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
78 49
CFDs - Total Offered
52 461
Cryptocurrency traded as actual
Yes No
Cryptocurrency traded as CFD
No Yes
Offering of Investments 4 3.5
Winner check_circle

Cost

Feature Swissquote UFX
Average Spread EUR/USD - Standard
N/A 3 (as of May 19)
All-in Cost EUR/USD - Active
N/A 2 (as of May 19)
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 3.5 3
Winner check_circle

Funding

Feature Swissquote UFX
Minimum Initial Deposit
€500.00 $100
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes No
Skrill (Deposit/Withdraw)
Yes No

Trading Platforms

Feature Swissquote UFX
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
Yes No
cTrader
No No

Trading Tools

Feature Swissquote UFX
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes No
Watchlists - Total Fields
7
Charting - Indicators / Studies (Total)
51 53
Charting - Drawing Tools (Total)
31 21
Charting - Trade From Chart
Yes No
Charting - Drawings Autosave
Yes No
Order Type - Trailing Stop
Yes No
Platform & Tools 3.5 4
Winner check_circle

Mobile Trading

Feature Swissquote UFX
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
No Yes
Charting - Indicators / Studies
30 63
Charting - Draw Trend Lines
Yes Yes
Charting - Trend Lines Moveable
No Yes
Charting - Multiple Time Frames
Yes No
Charting - Drawings Autosave
No No
Forex Calendar
No No
Mobile Trading 3.5 3.5
Winner check_circle

Research

Feature Swissquote UFX
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
Yes No
AutoChartist
Yes No
Trading Central (Recognia)
Yes No
Delkos Research
No No
Social Sentiment - Currency Pairs
No Yes
Economic Calendar
Yes Yes
Research 4 3.5
Winner check_circle

Education

Feature Swissquote UFX
Has Education - Forex
Yes No
Has Education - CFDs
No No
Client Webinars
Yes No
Client Webinars (Archived)
Yes No
Videos - Beginner Trading Videos
Yes No
Videos - Advanced Trading Videos
No No
Investor Dictionary (Glossary)
Yes No
Education 3.5 1
Winner check_circle

Major Forex Pairs

Feature Swissquote UFX
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

Overall

Feature Swissquote UFX
Swissquote Review UFX Review
Overall 4 3.5
Winner check_circle
Our ForexBrokers.com team spent several months and hundreds of hours assessing 28 different forex broker accounts for trading FX. In total, over 2,200 data points were collected. For this review, we will compare Swissquote vs UFX.

To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. Swissquote received a rating of 3.50 stars over UFX's 3.00 stars.

Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. Swissquote and UFX both are regulated in a major hub. Swissquote is a publicly traded company, while UFX is not. How many currency pairs are available to trade? Swissquote offers its clients access to 78 different currency pairs while UFX has 49 available pairs, a difference of 29.

To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Swissquote and UFX both offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Swissquote boasts an offering of 31 charting tools compared to UFX's 21 available charting tools. UFX boasts an offering of 53 different indicators (for example, moving averages) compared to Swissquote's 51 available indicators.

Swissquote Review
UFX Review


Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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