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 |
When comparing commissions and fees, XM Group edges out Swissquote by a hair in our ratings. XM Group earns 4 out of 5 stars and ranks #34 of 63 for Commissions and Fees at ForexBrokers.com, while Swissquote scores 3.5 out of 5 stars and ranks #35 of 63. Swissquote’s appeal as a Swiss banking brand comes with a slight premium, so its trading costs generally don’t match the lowest-cost forex brokers. XM Group’s Standard account spreads are on the expensive side too, and transparency is limited because it doesn’t publish average spreads for its commission-based XM Zero account.
Swissquote’s pricing varies by entity. In the U.K., costs are lower than its Switzerland and Luxembourg units (though the product range is narrower). The U.K. lineup includes a commission-based Elite account for active traders who deposit at least $10,000, pairing lower spreads with a $5 round-turn commission; the Standard account starts at 1.3 pips on EUR/USD, and the Prime account advertises minimum spreads from 0.6 pips. In Luxembourg, minimum deposits are $1,000 (Standard), $5,000 (Premium), and $50,000 (Prime), with minimum spreads from 1.5 pips (Standard) to 0.8 pips (Prime). In Switzerland, forex accounts start at $1,000 with EUR/USD from 1.7 pips (Standard), $10,000 with 1.4 pips (Premium), and $50,000 with 1.1 pips (Prime); custom, volume-based pricing is available.
Bottom line on fees: both brokers have trade-offs. Swissquote offers multiple account tiers across regions but typically charges more, reflected in its 3.5/5 rating and #35 rank. XM Group is rated slightly higher at 4/5 and ranked #34, but while its commission-based option (XM Zero) exists, the lack of published average spreads makes direct cost comparisons harder, and its Standard spreads remain pricey.
| Feature |
Swissquote
|
XM Group
|
|---|---|---|
| Minimum Deposit | $1000 | $5 |
| Average spread (EUR/USD) - Standard account | N/A | 2 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| 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 and XM Group both support forex trading as CFDs and as spot contracts. XM Group lists more total tradeable symbols (1,394) than Swissquote (472), while Swissquote offers a larger set of forex pairs (80 vs 55). Both brokers also let you buy exchange-traded stocks on U.S. exchanges like NASDAQ and on international markets such as the London Stock Exchange, not just via CFDs.
For extras, both brokers provide copy trading. Swissquote stands out for crypto access, letting you buy real cryptocurrencies as well as crypto CFDs; XM Group limits crypto to CFDs only. In ForexBrokers.com’s Range of Investments ratings, Swissquote earns 5 stars and ranks #2 out of 63 brokers, while XM Group earns 4.5 stars and ranks #19—making Swissquote the stronger pick for overall investment variety, and XM Group a compelling choice if you value a very wide list of CFD symbols.
| 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 vs XM Group: both brokers offer free demo (paper) accounts, web platforms, Windows desktop downloads, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), copy trading, and the ability to trade directly from charts. The key difference is that Swissquote also has its own in-house platform, while XM Group centers on MetaTrader. The number of built-in indicators and watchlist fields isn’t specified for either broker.
For Trading Platforms and Tools, ForexBrokers.com rates Swissquote 4.5/5 (ranked #12 of 63) and XM Group 4/5 (ranked #27). Choose Swissquote if you want an in-house platform alongside MT4/MT5; pick XM Group if you’re happy sticking with MetaTrader on web and desktop with copy trading and a free demo.
| 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 offer mobile trading apps for iPhone and Android, with price alerts included. Charting is strong on both: each provides 30 technical studies and tools to draw trendlines. Key differences emerge in workflow. Swissquote auto-saves your chart drawings, so annotations stick for your next session. XM Group, meanwhile, shines with watchlist syncing—your symbols sync between the mobile app and your online account, while Swissquote does not offer this sync.
In independent testing by ForexBrokers.com, Swissquote earns 4.5 out of 5 stars and ranks #12 out of 63 brokers for Mobile Trading Apps, while XM Group scores 4 stars and ranks #26. If synced watchlists across devices matter most, XM Group is appealing. If keeping chart drawings saved is a priority—and you want a higher-rated app overall—Swissquote 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.
Swissquote and XM Group both deliver daily market commentary, premium forex news from top-tier sources like Bloomberg and Reuters, and an easy-to-use economic calendar. In independent testing by ForexBrokers.com, Swissquote earned 4 out of 5 stars for Research and ranked 15th out of 63 brokers, while XM Group scored 5 out of 5 stars and ranked 8th, signaling a stronger overall research experience.
The biggest differences are in the tools. Swissquote includes Autochartist for trade ideas, while XM Group counters with Trading Central’s research and a helpful sentiment tool that shows the ratio of long vs. short positions—features Swissquote does not provide. Neither broker offers TipRanks or Acuity Trading tools. If you want Autochartist specifically, Swissquote fits the bill; if you prefer Trading Central research and sentiment data in one place, XM Group is the better choice.
| 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.
Swissquote and XM Group both deliver beginner-friendly forex and CFD education. Each offers well over the minimum 10 learning pieces, including at least 10 beginner videos, at least 10 advanced videos for when you’re ready to level up, and ongoing client webinars held at least once a month. That mix makes it easy for newcomers to learn step-by-step through videos and live sessions.
For quality and depth, XM Group has the edge: it earns 5 stars for Education and ranks #5 out of 63 brokers at ForexBrokers.com, while Swissquote holds 4 stars and ranks #19. If you want a larger, higher-rated catalog, XM Group may be the better pick. If you prefer a well-rounded broker that still offers strong education for beginners, Swissquote remains a solid choice.
| 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 #16.
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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|---|---|---|
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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 (FSA 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 | 2 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| 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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