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 |
Swissquote and XM Group are tied on commissions and fees, with each broker earning a 3.5-star rating. In ForexBrokers.com’s Commissions and Fees category, Swissquote is ranked #37 out of 36 brokers, while XM Group is ranked #36 out of 36 brokers. Swissquote tends to cost more than discount-focused forex brokers because it is backed by a Swiss banking group, so traders often pay a bit extra for that brand and banking connection.
Swissquote’s pricing depends on which branch you use. Its U.K. accounts are generally the cheapest, with the Elite account charging $5 per round-turn trade and offering lower spreads for active traders who deposit at least $10,000. Other Swissquote accounts can be pricier, with EUR/USD spreads starting around 1.3 pips in the U.K. Standard account, 0.8 to 1.5 pips in Luxembourg, and 1.1 to 1.7 pips in Switzerland depending on the account type and deposit size. The lower-cost options usually come with higher minimum deposits or a narrower product range.
XM Group is simpler on paper, but not necessarily cheaper. Its standard account has spreads that are considered expensive, and XM does not publish average spreads for its commission-based XM Zero account, which makes direct comparison harder. Overall, both brokers sit in the middle of the pack for fees, but Swissquote gives more account-based pricing choices, while XM’s published pricing is less transparent.
| 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 strong choice of platform options, including free demo accounts, desktop software for Windows, web-based trading, MetaTrader 4, MetaTrader 5, copy trading, and the ability to place trades directly from charts. That means either broker can suit beginners who want to practice first, as well as more active traders who want flexible access across devices. Swissquote also stands out by offering its own in-house trading platform, while XM Group does not have a proprietary platform of its own.
In terms of overall trading platforms and tools, Swissquote has the edge. It is rated 4.5 out of 5 stars and ranks #12 out of 36 brokers at ForexBrokers.com, compared with XM Group’s 4 out of 5 stars and #29 ranking. For traders comparing platform quality, Swissquote may appeal more to those who want a wider in-house platform choice and a higher industry rating, while XM Group still covers the main tools most traders expect.
| 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 #12, 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
|
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 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 | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| 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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