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.
Comparing online brokers Swissquote and XM Group on regulation and safety: both score in the highly trusted range with ForexBrokers.com. Swissquote holds a Trust Score of 99 and XM Group 93 (90–99 is considered highly trusted). In terms of regulatory footprint, Swissquote has 5 Tier-1 (highly trusted) and 2 Tier-2 (trusted) licenses, while XM Group holds 4 Tier-1 and 3 Tier-2 licenses.
Looking at company background, Swissquote was founded in 1996, is publicly traded, and is a bank. XM Group was founded in 2009, is not publicly traded, and is not a bank. These distinctions can help you decide between a listed banking institution and a private brokerage, depending on your preferences.
| 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 | 3 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When it comes to commissions and fees, Swissquote and XM Group are fairly close on paper, with both earning 3.5 out of 5 stars for this category. Swissquote is ranked #36 out of 36 brokers, while XM Group is ranked #35 out of 36, so XM Group has a very slight edge overall. Swissquote’s main selling point is that it lets traders use a Swiss banking brand, but that convenience comes with higher trading costs than many low-cost forex brokers.
Swissquote’s pricing depends on where your account is opened. Its U.K. accounts tend to offer the lowest costs, with the commission-based Elite account charging $5 per round-turn trade and lower spreads for active traders who deposit at least $10,000. The Standard account is less competitive, with EUR/USD spreads starting at 1.3 pips, while the Prime account starts from 0.6 pips. In Luxembourg, minimum spreads range from 0.8 to 1.5 pips depending on the account type, and in Switzerland, spreads start from 1.7 pips on the Standard account, 1.4 pips on Premium, and 1.1 pips on Prime, with custom pricing available for high-volume traders.
XM Group’s fee structure is simpler to describe, but not especially cheap. Its Standard account has relatively high spreads, and average spreads are not published for the commission-based XM Zero account, which makes direct cost comparisons harder. For traders focused mainly on low pricing, neither broker is a standout choice. Swissquote may appeal more to those who value banking-style account security and different account tiers, while XM Group offers a slightly better ranking in this category but still sits near the bottom for commissions and fees.
| Feature |
Swissquote
|
XM Group
|
|---|---|---|
| Minimum Deposit | $1000 | $5 |
| Average spread (EUR/USD) - Spread-only account | N/A | 1.1 |
| All-in Cost EUR/USD - Raw spread account | N/A | 0.7+ |
| Non-wire bank transfer (Deposit/Withdraw) | 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.
When it comes to range of investments, both Swissquote and XM Group give traders access to forex trading, U.S. and international shares, copy trading, and cryptocurrency CFDs. Swissquote lists 472 tradeable symbols, while XM Group offers a much larger menu with 1,583 tradeable symbols. That said, Swissquote offers more forex pairs, with 80 available compared with XM Group’s 54, which may matter more for traders focused mainly on currency markets.
Swissquote also stands out for crypto access, because it lets clients buy actual cryptocurrency as well as crypto CFDs, while XM Group only offers crypto CFDs. Based on ForexBrokers.com’s Range of Investments review, Swissquote earns 5 stars and ranks #2 out of 36 brokers, while XM Group scores 4.5 stars and ranks #19. Overall, XM Group has the broader list of tradable instruments, but Swissquote offers a stronger mix for forex and direct crypto buying.
| Feature |
Swissquote
|
XM Group
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 1583 |
| Forex Pairs (Total) | 80 | 54 |
| 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 give traders a wide set of platform choices, including free demo accounts for practice, web-based trading, Windows desktop downloads, copy trading, MetaTrader 4, and MetaTrader 5. Each also lets users place trades directly from charts, which can make order entry quicker and easier for active traders. On top of that, both brokers support simulated trading, so beginners can test strategies before putting real money on the line.
The main difference is that Swissquote offers its own in-house trading platform, while XM Group does not. That extra proprietary option may appeal to traders who want something built by the broker itself. In terms of overall quality, Swissquote has the edge with a 4.5-star rating for Trading Platforms and Tools and a #12 ranking out of 36 brokers from ForexBrokers.com, compared with XM Group’s 4-star rating and #28 ranking.
| 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 | 100 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Swissquote and XM Group both make it easy to trade on the go, since each offers iPhone and Android apps, plus price alerts for stocks and forex. Both apps also let users draw trendlines on charts. That said, Swissquote stands out for its mobile experience with a higher Mobile Trading Apps rating of 4.5 out of 5 and a stronger ForexBrokers.com ranking at #12 out of 36 brokers, compared with XM Group’s 4 out of 5 rating and #26 ranking.
When it comes to charting and everyday usability, the two apps differ in a few important ways. XM Group offers more technical studies in its mobile charting tools, with 100 versus Swissquote’s 30, and it also supports watchlist symbol syncing, so changes made in the app and online account stay updated across both. Swissquote, however, has a useful edge for chart users because it auto-saves drawings in the mobile app, while XM Group does not.
| 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 | 100 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
Swissquote and XM Group both give traders daily market commentary, forex news from major sources like Bloomberg and Reuters, and an economic calendar for tracking global events. They also each earn strong marks for research, with Swissquote rated 4.5 out of 5 stars and ranked #15 out of 36 brokers by ForexBrokers.com, while XM Group scores a full 5 stars and ranks #8.
The main difference is in their extra research tools. Swissquote offers Autochartist, which can help spot chart patterns and trading opportunities, but it does not include Trading Central or sentiment tools. XM Group takes the opposite approach, offering Trading Central and a sentiment tool that shows how traders are positioned, but it does not provide Autochartist. Neither broker includes TipRanks or Acuity Trading.
| 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.
When it comes to learning support for beginners, both Swissquote and XM Group give new traders plenty of educational material. Each broker offers forex and CFDs learning content, regular online webinars, and at least 10 beginner-focused videos, along with advanced videos for traders who want to go further. In simple terms, both platforms make it possible for beginners to start learning the basics and then build their skills over time.
That said, XM Group comes out ahead overall for education. It is rated 5 out of 5 stars for Education and ranks #5 out of 36 brokers at ForexBrokers.com, while Swissquote is rated 4.5 stars and ranks #19. So, although Swissquote still offers strong learning tools, XM Group appears to provide the better education experience for beginners looking for more guidance and a wider learning path.
| 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
|
|---|---|---|
| Overall Rating |
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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 | 3 | |
| 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) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA, FSRA, or CMA 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 | 1583 | |
| Forex Pairs (Total) | 80 | 54 | |
| 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) - Spread-only account | N/A | 1.1 | |
| All-in Cost EUR/USD - Raw spread account | N/A | 0.7+ | |
| 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 (Deposit/Withdraw) | 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 | 100 | |
| 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 | 100 | |
| 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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