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 |
Both Swissquote and XM Group land in the middle of the pack for pricing. Each earns 3.5 out of 5 stars for commissions and fees; in ForexBrokers.com’s Commissions and Fees category, Swissquote ranks #35 of 63 while XM Group ranks #34 of 63. Swissquote tends to carry a small premium tied to its Swiss banking brand, while XM’s Standard account spreads are expensive and its commission-based XM Zero account does not publish average spreads, which reduces cost transparency.
Swissquote’s fees vary by entity. In the U.K., it offers four accounts: the Elite account (best for active traders who deposit at least $10,000) pairs lower spreads with a $5 round-turn commission; the Professional account is similar but with a lower stop-out threshold; the Standard account lists EUR/USD from 1.3 pips; and the Prime account shows a 0.6-pip minimum spread (minimum, not average). In Luxembourg, minimum deposits run $1,000 (Standard), $5,000 (Premium), and $50,000 (Prime), with minimum spreads from 1.5 pips on Standard to 0.8 pips on Prime. In Switzerland, forex accounts require $1,000 (Standard, from 1.7 pips), $10,000 (Premium, from 1.4 pips), or $50,000 (Prime, from 1.1 pips); high-volume traders can negotiate custom pricing. Overall, Swissquote’s costs are serviceable but not among the very cheapest.
XM Group keeps things simple but not especially cheap: Standard account spreads are pricey, and the lack of published average spreads for XM Zero makes it harder to estimate all-in trading costs. By contrast, Swissquote discloses minimum spreads by account and region and, on its U.K. Elite account, combines tighter pricing with a clear $5 round-turn commission—provided you meet the $10,000 deposit. If your top priority is the absolute lowest spreads and most transparent averages, neither broker leads the field, but traders can weigh Swissquote’s structured tiers against XM’s simpler, less transparent setup.
| 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 spot, and each lets clients buy real exchange‑traded stocks on U.S. and international markets. XM Group lists more total tradeable symbols (1,429 vs. Swissquote’s 472), while Swissquote offers more forex pairs (80 vs. XM’s 55). Both brokers also provide copy trading, giving investors another way to follow or mirror strategies.
For crypto access, Swissquote stands out by offering both delivered cryptocurrencies and crypto CFDs; XM Group offers crypto CFDs only. According to ForexBrokers.com, Swissquote earns 5 stars for Range of Investments and ranks #2 out of 63 brokers, while XM Group receives 4.5 stars and ranks #19. In short: choose XM Group if you want the widest overall list of instruments, and pick Swissquote if you value more currency pairs and the ability to buy actual cryptocurrency alongside CFDs.
| Feature |
Swissquote
|
XM Group
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 1429 |
| 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, timely forex news from leading sources like Bloomberg and Reuters, and handy economic calendars to track upcoming events. The big differences show up in their research tools: Swissquote includes Autochartist for pattern and setup ideas, while XM Group offers Trading Central plus a sentiment tool that shows the ratio of long vs. short positions. Neither broker features TipRanks or Acuity Trading tools.
For overall research quality, XM Group stands out with a 5-star rating and a #8 ranking (out of 63) from ForexBrokers.com, while Swissquote earns 4.5 stars and ranks #15. Pick Swissquote if you value Autochartist’s scanning and alerts; choose XM Group if Trading Central insights and a built-in sentiment gauge are higher on your list.
| 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 deliver solid forex and CFD education for beginners. Each broker offers well over 10 educational pieces, including videos and archived webinars, and runs live client webinars at least once a month. New traders will find plenty of starter-friendly videos (10+ each) that explain the basics, along with more advanced videos (10+ each) for when you’re ready to build on those skills.
When it comes to depth and polish, XM Group has the edge: it earns a 5-star Education rating and ranks #5 out of 63 brokers at ForexBrokers.com, while Swissquote scores 4.5 stars and ranks #19. If education is your top priority, XM Group is the stronger pick for beginners. Swissquote still offers a high-quality learning experience, but XM’s library and presentation make it slightly better for getting up to speed quickly.
| 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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| 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 | 1429 | |
| 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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