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.
When comparing online brokers Swissquote and XM Group, there are notable differences in their establishment, structure, and levels of trust in the financial industry. Founded in 1996, Swissquote is a publicly traded company and operates as a bank, which could provide added assurance for users seeking a stable financial partner. On the other hand, XM Group, established in 2009, is not publicly traded and does not have banking status. These distinctions may weigh on investor confidence and accessibility, especially for those prioritizing transparency and a solid track record.
In terms of regulatory credentials, Swissquote holds an impressive five Tier-1 licenses, indicating a very high level of trust, alongside two Tier-2 licenses, further affirming its reputation. With ForexBrokers.com awarding Swissquote a maximum Trust Score of 99, it is considered highly trusted. Conversely, XM Group holds four Tier-1 licenses and one Tier-2 license, earning a Trust Score of 93, which still indicates a high level of trust but falls slightly short of Swissquote’s exemplary rating. These details are crucial for potential clients evaluating reliability and regulatory oversight.
| 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 |
For commissions and fees, XM Group edges out Swissquote on our scorecard. XM Group earns 4.0 out of 5 stars and ranks 34th out of 63 brokers for pricing, while Swissquote earns 3.5 out of 5 stars and ranks 54th out of 63. Swissquote’s appeal is its Swiss banking pedigree, but that premium shows up in its trading costs, which generally run higher than many low-cost forex brokers.
Swissquote’s pricing varies by entity. In the U.K., active traders who deposit at least $10,000 can choose the Elite account with lower spreads plus a $5 commission per round-turn; the Standard account starts at 1.3 pips on EUR/USD, and the Prime account advertises minimum spreads from 0.6 pips (note: minimums are not averages). In Luxembourg, the Standard account ($1,000 minimum) starts from 1.5 pips, while the Prime account ($50,000 minimum) starts from 0.8 pips. In Switzerland, forex accounts start at $1,000 with spreads from 1.7 pips (Standard), drop to 1.4 pips with a $10,000 deposit (Premium), and to 1.1 pips with a $50,000 deposit (Prime); custom, volume-based pricing can be negotiated.
XM Group’s fee story is mixed but still rates better overall. Its Standard account spreads are on the pricey side, and the broker does not publish average spreads for its commission-based XM Zero account. Even so, XM Group’s 4.0/5 rating and #34 ranking in the Commissions and Fees category place it ahead of Swissquote’s 3.5/5 rating and #54 ranking, suggesting XM Group may be the more cost-friendly choice for many traders.
| Feature |
Swissquote
|
XM Group
|
|---|---|---|
| Minimum Deposit | $1000 | $5 |
| Average spread (EUR/USD) - Standard account | N/A | 1.6 |
| All-in Cost EUR/USD - Active | N/A | 0.8 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Swissquote vs XM Group: Both brokers let you trade forex as CFDs and as spot. XM Group lists more total markets (1,394 tradeable symbols) than Swissquote (472), while Swissquote offers more currency pairs (80 vs 55). For crypto, Swissquote supports both real, delivered cryptocurrencies and crypto CFDs, whereas XM Group offers crypto only as CFDs.
Each broker provides access to exchange-traded stocks on U.S. and international exchanges (think Apple on NASDAQ and Vodafone in London), and both support copy trading. For range of investments, Swissquote holds a higher score and placement: 5 stars and #2 of 63 on ForexBrokers.com, compared with XM Group’s 4.5 stars and #25. In short, choose XM Group if you want the biggest overall symbol list, or pick Swissquote if you value more forex pairs and the ability to buy actual crypto alongside CFDs.
| Feature |
Swissquote
|
XM Group
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 1394 |
| Forex Pairs (Total) | 80 | 55 |
| U.S. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | Yes | Yes |
| 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 XM Group both cover the essentials for traders who care about platforms and tools. Each broker offers a free demo account for paper trading, plus web-based and Windows desktop platforms, copy trading, and the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both also let you place trades directly from charts. The key difference: Swissquote provides its own in-house proprietary platform alongside MetaTrader, while XM Group sticks to third-party platforms.
In independent testing by ForexBrokers.com for Trading Platforms and Tools, Swissquote scores 4.5 out of 5 stars and ranks #12 out of 63 brokers, while XM Group scores 4 out of 5 stars and ranks #33. If you want a broker with an additional proprietary platform option and higher-rated tooling, Swissquote edges ahead; if you’re focused on MetaTrader access with demo trading and copy trading, both brokers fit the bill.
| Feature |
Swissquote
|
XM Group
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 86 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Swissquote and XM Group both deliver iPhone and Android trading apps with price alerts, 30 technical indicators, and the ability to draw trendlines on charts. The key differences show up in everyday workflow: XM Group syncs watchlists between the mobile app and your online account, while Swissquote does not. On the flip side, Swissquote automatically saves your chart drawings, whereas XM Group does not.
In third‑party evaluations, Swissquote earns 4.5 out of 5 stars and ranks #12 out of 63 brokers for Mobile Trading Apps at ForexBrokers.com. XM Group scores 4 out of 5 stars and ranks #31. If you value auto‑saved chart work and higher overall ratings, Swissquote is appealing. If syncing watchlists across devices matters more, XM Group has the edge.
| Feature |
Swissquote
|
XM Group
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
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 (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | Yes |
| Client sentiment data | No | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Both Swissquote and XM Group provide full forex and CFD education, including at least 10 beginner videos and 10 advanced videos, plus ongoing monthly webinars. That means new traders can start with basics and grow into more advanced topics at either broker. However, independent ratings give XM Group the edge for learning: it earns 5 stars for Education and ranks #7 out of 63 brokers at ForexBrokers.com, while Swissquote earns 4 stars and ranks #20.
If you’re just starting out, you’ll find clear paths at both brokers—video lessons to build fundamentals, and live webinars to ask questions in real time. Choose XM Group if you want the highest-rated education and broader recognition for its training experience; pick Swissquote if you prefer its platform and still want a strong library with regular webinars to support your progress.
| Feature |
Swissquote
|
XM Group
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | 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 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
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| Trust Score | 99 | 93 |
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In the Swissquote vs XM Group comparison, Swissquote lets you buy actual delivered cryptocurrencies and trade crypto CFDs, while XM Group does not support buying real crypto but does offer cryptocurrency CFDs.
In a head-to-head comparison of online brokers Swissquote vs XM Group, Swissquote supports ACH/SEPA transfers and PayPal (not available at XM Group), while both brokers offer Skrill and bank wire options for deposits and withdrawals.
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 | 93 | |
| 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 | 93 | |
| 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 | ||
| 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) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Swissquote | XM Group | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 1394 | |
| Forex Pairs (Total) | 80 | 55 | |
| U.S. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| 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 | XM Group | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | 1.6 | |
| All-in Cost EUR/USD - Active | N/A | 0.8 | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Swissquote | XM Group | |
|---|---|---|---|
| Minimum Deposit | $1000 | $5 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | Swissquote | XM Group | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | Swissquote | XM Group | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 86 | 30 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Swissquote | XM Group | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | XM Group | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Swissquote | XM Group | |
|---|---|---|---|
| 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 | XM Group Review |
| Overall | Swissquote | XM Group | |
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| Trust Score | 99 | 93 | |
| Winner | check_circle | ||
| Review | Swissquote Review | XM Group Review |
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