Written by ForexBrokers.com
In this head to head comparison of Swissquote vs XM Group, 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 as a trusted online broker with a Trust Score of 99 from ForexBrokers.com. As a publicly traded institution and a licensed bank, Swissquote offers clients an extensive hold of five Tier-1 licenses, reflecting a highly trusted status, and two Tier-2 licenses. This combination positions it as a reliable choice for those prioritizing regulatory safety and robust financial backing.
In contrast, XM Group, established in 2009, offers a solid option for traders but carries a different profile. With a Trust Score of 88, it is considered trusted and maintains four Tier-1 licenses alongside one Tier-2 license. Though not publicly traded or a bank like Swissquote, XM Group remains a viable contender for those seeking a dependable broker backed by notable regulatory credentials.
| Feature |
Swissquote
|
XM Group
|
|---|---|---|
| Year Founded | 1996 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 4 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing Swissquote and XM Group in terms of commissions and fees, each offers distinct pricing models tailored to different types of traders. Swissquote has a reputation for its Swiss banking backdrop, but this prestige comes with relatively higher trading costs. The U.K.-based accounts of Swissquote, which consist of four tiers, offer more competitive costs and lower deposit requirements compared to its Swiss and Luxembourg entities. Active traders with a minimum deposit of $10,000 may find the Elite account appealing due to its lower spreads and a $5 commission per round-turn trade. Meanwhile, the Standard account starts with spreads at 1.3 pips on the EUR/USD, making it less cost-effective than some of its counterparts. Swissquote earns a rating of 3.5 stars for its commissions and fees, and is ranked #53 out of 63 brokers by ForexBrokers.com.
XM Group, on the other hand, presents a different cost structure with its accounts, targeting a broader audience of traders. The XM Zero account, while lacking published average spreads, is commission-based, which adds an extra layer of consideration for traders concerned about transparency and minimum trading costs. Despite these points, XM Group manages to maintain a more favorable position than Swissquote in industry rankings, with a rating of 4 stars for commissions and fees. At #33 out of 63, it significantly outranks Swissquote in the ForexBrokers.com evaluation.
In summary, while Swissquote entices traders with its Swiss banking allure and tailored account options offering varying degrees of spreads and deposit requirements, its fees are on the higher side. XM Group, although offering less transparency in certain account structures, provides generally more competitive costs and a better overall value proposition for commission-conscious traders, according to industry rankings and ratings.
| Feature |
Swissquote
|
XM Group
|
|---|---|---|
| Minimum Deposit | $1000 | $5 |
| Average Spread EUR/USD - Standard | N/A | 1.6 |
| All-in Cost EUR/USD - Active | N/A | 0.8 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| 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 available at Swissquote and XM Group, both platforms offer forex trading as either a CFD or spot contract, making them accessible choices for forex traders. Swissquote stands out with 472 tradeable symbols, including an impressive offering of 80 forex pairs. In contrast, XM Group provides a larger total of 1394 tradeable symbols but falls short on the forex pairs, offering 55. Both brokers allow clients to invest in exchange-traded securities on U.S. and international exchanges, giving users the chance to buy shares of popular companies like Apple and Vodafone. They also support copy trading, making it easier for users to mirror successful trading strategies.
For those interested in cryptocurrency, Swissquote offers both actual cryptocurrencies and cryptocurrency derivatives, whereas XM Group focuses solely on cryptocurrency derivatives. On a rating scale, Swissquote earns a stellar 5 stars for its range of investments, while XM Group trails slightly with 4.5 stars. According to ForexBrokers.com, Swissquote is ranked #2 out of 63 brokers for its investment options, highlighting its strong position in the market. XM Group, meanwhile, comes in at #23, showing it as a solid, though less distinguished, option for investors looking for diverse investment opportunities.
| Feature |
Swissquote
|
XM Group
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 1394 |
| Forex Pairs (Total) | 80 | 55 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| 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.
When it comes to trading platforms and tools, both Swissquote and XM Group offer traders a range of options, though there are some distinct differences. Both brokers provide simulated trading through free virtual demo accounts, allowing users to practice without risk. While Swissquote has developed its own proprietary trading platform, XM Group relies on third-party solutions without offering its own. Both brokers support Windows-based desktop platforms and web-based trading, making them accessible across devices. Additionally, both brokers offer copy trading and support for popular platforms MetaTrader 4 and MetaTrader 5.
Swissquote and XM Group differ in charting tools, with Swissquote providing a substantial 75 drawing tools compared to XM Group's 15. Both brokers support trading directly from stock charts, enhancing user convenience. For watch lists, Swissquote offers 11 fields, whereas XM Group has 7. According to ForexBrokers.com, Swissquote has a slightly higher rating with 4.5 stars versus XM Group's 4 stars for their platforms and tools. In rankings, Swissquote holds the 12th spot out of 63 brokers, while XM Group is positioned at 31st, reflecting Swissquote's slight edge in overall trading platform and tool offerings.
| Feature |
Swissquote
|
XM Group
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 86 | 30 |
| Charting - Drawing Tools (Total) | 75 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When choosing between Swissquote and XM Group for mobile trading, both brokers offer comprehensive apps for iPhone and Android users. Each provides features such as stock and forex price alerts, the ability to draw trendlines on charts, and the option to view multiple time frames, ensuring an engaging trading experience. Importantly, both platforms support creating watchlists with real-time quotes. However, a significant difference is in watchlist syncing; Swissquote does not offer this feature, whereas XM Group ensures watchlists are synced with your online account.
For chart analysis, each broker offers 30 technical studies, but Swissquote's mobile app has the advantage of auto-saving chart drawings, which XM Group does not. In terms of user ratings, Swissquote receives a slightly higher score of 4.5 stars compared to XM Group's 4 stars. Moreover, based on ForexBrokers.com rankings out of 63 brokers, Swissquote holds the 12th position, while XM Group comes in at 29th. These distinctions could guide your decision depending on which trading features and conveniences are most crucial for your mobile trading needs.
| Feature |
Swissquote
|
XM Group
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| 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 XM Group for online trading research, both brokers excel in providing daily market commentary and access to top-tier forex news from sources like Bloomberg and Reuters. However, Swissquote distinguishes itself by offering tools from Autochartist, which are absent in XM Group's offerings. On the other hand, XM Group provides analysis tools from Trading Central, giving it an advantage in technical analytics over Swissquote.
Both brokers offer economic calendars to keep traders informed about global news events, yet XM Group stands out with additional tools such as sentiment-based trading insights. While neither broker includes research tools from TipRanks or Acuity Trading, XM Group receives a higher research rating, scoring five out of five stars compared to Swissquote's four. XM Group ranks #8 in research among 63 brokers as per ForexBrokers.com, outperforming Swissquote's #16 position.
| Feature |
Swissquote
|
XM Group
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| 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 comparing the educational resources available for beginners at online brokers Swissquote and XM Group, both platforms excel in providing comprehensive educational content. Both brokers offer a wealth of resources with more than ten educational pieces focusing on forex or CFDs. They also conduct monthly online webinars and maintain searchable archives of recorded sessions, making it easy for learners to access past content. Furthermore, both Swissquote and XM Group provide over ten beginner-friendly videos, specifically aimed at easing new traders into the world of trading.
Swissquote boasts an additional resource with its investor dictionary that defines over 50 investing terms, a tool that XM Group currently does not offer. Despite this, XM Group receives a higher education rating of 5 stars compared to Swissquote's 4 stars. Moreover, XM Group ranks 7th among 63 brokers on ForexBrokers.com, while Swissquote stands at 21st for educational offerings. Both platforms offer worthwhile material for beginners, but XM Group edges out slightly with a higher educational ranking and rating.
| Feature |
Swissquote
|
XM Group
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | 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 XM Group. Swissquote finished with an overall rank of #11, while XM Group finished with an overall rank of #17.
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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XM Group
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 88 |
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Swissquote allows investors to purchase actual delivered cryptocurrencies and cryptocurrency derivatives, while XM Group only provides options for trading cryptocurrency derivatives.
Swissquote and XM Group both support Visa, Mastercard, Skrill, and bank wires for depositing and withdrawing funds, but Swissquote surpasses XM Group by also offering ACH, SEPA transfers, and PayPal as additional options.
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 | XM Group | |
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| Trust Score | 99 | 88 | |
| Winner | check_circle | ||
| Review | Swissquote Review | XM Group Review |
| Broker Screenshots | Swissquote | XM Group | |
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| Regulation | Swissquote | XM Group | |
|---|---|---|---|
| Trust Score | 99 | 88 | |
| Year Founded | 1996 | 2009 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 4 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | XM Group | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| 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 | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Swissquote | XM Group | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Swissquote | XM Group | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 1394 | |
| Forex Pairs (Total) | 80 | 55 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| 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 | XM Group | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.6 | |
| All-in Cost EUR/USD - Active | N/A | 0.8 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Swissquote | XM Group | |
|---|---|---|---|
| Minimum Deposit | $1000 | $5 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Swissquote | XM Group | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Swissquote | XM Group | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 7 | |
| Charting - Indicators / Studies (Total) | 86 | 30 | |
| Charting - Drawing Tools (Total) | 75 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | XM Group | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| 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 | XM Group | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | XM Group | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Swissquote | XM Group | |
|---|---|---|---|
| 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 | XM Group Review |
| Overall | Swissquote | XM Group | |
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| Trust Score | 99 | 88 | |
| Winner | check_circle | ||
| Review | Swissquote Review | XM Group Review |
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