Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare Swissquote vs XTB.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. XTB received a rating of 4.00 stars over Swissquote's 3.50 stars.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. Both Swissquote and XTB are regulated in a major hub. Both Swissquote and XTB are publicly traded companies. How many currency pairs are available to trade? XTB trails Swissquote by 29 total currency pairs (for example, EUR/USD), with Swissquote offering 78 and XTB offering 49.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Both Swissquote and XTB offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Both brokers offer clients access to the same number of charting tools, 31. Both Swissquote and XTB provide clients with access to 51 total indicators (eg, moving averages).
Overall, both Swissquote and XTB hold a 4.00 star rating. And, when it comes to individual category awards, both Swissquote and XTB were rated Best in Class - Customer Service.