Written by ForexBrokers.com
In this head to head comparison of XTB vs Swissquote, 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 the regulatory frameworks of XTB and Swissquote reveals significant differences. Founded in 2002, XTB is a publicly traded company but not a bank. It holds 2 Tier-1 licenses and 2 Tier-2 licenses, achieving a Trust Score of 96 out of 99 by ForexBrokers.com, indicating high trust. In contrast, Swissquote, established in 1996, is both publicly traded and a licensed bank. It boasts 5 Tier-1 licenses and 2 Tier-2 licenses, earning a near-perfect Trust Score of 99, showing its exceptional trustworthiness.
Both XTB and Swissquote are listed on stock exchanges, underscoring their transparency and reliability in the financial sector. However, Swissquote's status as a bank, combined with its greater number of Tier-1 licenses, gives it a notable edge in regulatory trustworthiness. While XTB is highly trusted, Swissquote's almost perfect trust rating and banking status may offer potential clients an additional layer of security.
| Feature |
XTB
|
Swissquote
|
|---|---|---|
| Year Founded | 2002 | 1996 |
| Publicly Traded (Listed) | Yes | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 2 | 5 |
| Tier-2 Licenses | 2 | 2 |
| Tier-3 Licenses | 1 | 0 |
| Tier-4 Licenses | 2 | 0 |
On trading costs alone, XTB tends to be the cheaper pick for most retail traders. XTB earns 4.5/5 stars for commissions and fees and ranks #12 out of 63 brokers at ForexBrokers.com, while Swissquote scores 3.5/5 stars and ranks #54/63. XTB’s average EUR/USD spread was 1.0 pip in Q4 2023, close to the industry average. Swissquote’s pricing varies by entity and account type and generally runs higher, reflecting the appeal of its Swiss banking brand.
XTB offers a spread-only Standard account and a commission-based Professional account that’s reserved for elected professionals in the U.K. and EU; the Pro option is being phased out and is no longer promoted in most regions. Minimum deposit is 250 in your base currency (GBP/EUR/USD). For smaller trade sizes the Standard account is usually cheaper, while at higher volumes pricing aligns more closely between Standard and Pro. Active traders can join XTB’s Lower Spread Group for monthly spread rebates of 5% to 30% once they trade from 20 up to 1,000 lots.
Swissquote’s costs differ by location. In the U.K., the Elite account suits active traders who can deposit at least $10,000, combining tighter spreads with a $5 round-turn commission; the Professional account is similar but with a lower stop-out level. The Standard account starts from 1.3 pips on EUR/USD, while the Prime account lists minimum spreads from 0.6 pips (minimums are not averages). In Luxembourg, minimum deposits run $1,000–$50,000 with minimum spreads from 0.8 to 1.5 pips. In Switzerland, forex accounts require $1,000–$50,000 and spreads start at 1.7 pips (Standard), 1.4 pips (Premium), and 1.1 pips (Prime, slightly above the industry average). U.K. accounts generally have lower costs and lighter deposit requirements but a narrower product list.
| Feature |
XTB
|
Swissquote
|
|---|---|---|
| Minimum Deposit | $0 | $1000 |
| Average spread (EUR/USD) - Standard account | 1.00 | N/A |
| All-in Cost EUR/USD - Active | 1.00 | N/A |
| Non-wire bank transfer | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
XTB and Swissquote both support forex trading (via CFDs and/or spot) and let you buy exchange-traded shares on U.S. and international markets, including names like Apple and Vodafone. For overall breadth, XTB lists 7,184 tradeable symbols, far more than Swissquote’s 472. In pure forex coverage, Swissquote edges ahead with 80 currency pairs compared with XTB’s 71.
When it comes to extras, Swissquote offers copy trading and lets you buy actual cryptocurrency in addition to crypto CFDs; XTB limits crypto to CFDs and does not offer copy trading. Both brokers earn 5 out of 5 stars for Range of Investments, yet ForexBrokers.com ranks Swissquote #2 of 63 and XTB #15 of 63. Choose XTB if you want the widest symbol count, or Swissquote if you prefer more forex pairs plus delivered crypto and copy trading.
| Feature |
XTB
|
Swissquote
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7184 | 472 |
| Forex Pairs (Total) | 71 | 80 |
| U.S. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | Yes |
| 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.
XTB and Swissquote both deliver strong trading platforms and tools. Each broker offers a free demo (paper) account, a proprietary platform built in-house, a Windows desktop download, and a web-based platform you can use in your browser. Both also let you place trades straight from a chart. On ratings, they tie at 4.5 stars for Trading Platforms and Tools, though XTB ranks #9 out of 63 brokers on ForexBrokers.com while Swissquote ranks #12.
The biggest differences come down to features. Swissquote supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) and includes copy trading, while XTB does not offer MT4, MT5, or copy trading. Choose Swissquote if you want MetaTrader and social-copy features; pick XTB if you prefer an in-house platform experience with chart trading and a free demo. With similar quality scores, XTB earns a slightly higher category ranking.
| Feature |
XTB
|
Swissquote
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 39 | 86 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
XTB and Swissquote both deliver capable mobile trading apps for iPhone and Android. For forex and stock trading, each app offers price alerts, the ability to draw trendlines on charts, and automatic saving of your drawings. One drawback for both is the lack of watchlist syncing between the mobile app and the online account, so you’ll need to manage symbols in each place.
For charting, XTB includes 39 technical studies, while Swissquote offers 30. Both earn 4.5-star ratings for Mobile Trading Apps; however, according to ForexBrokers.com, XTB ranks #8 and Swissquote ranks #12 out of 63 brokers. If you want more built-in indicators and a slightly higher ranking, XTB has the edge. Otherwise, the overall mobile experience is quite similar.
| Feature |
XTB
|
Swissquote
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 39 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, both XTB and Swissquote provide daily market commentary and access to forex news from renowned sources such as Bloomberg, Reuters, and Dow Jones, ensuring traders stay updated with the latest developments. However, Swissquote holds an edge over XTB with its access to Autochartist's technical analysis tools, offering traders additional insights for making informed decisions. On the flip side, XTB stands out with its sentiment-based trading tool, which provides a unique look at trader positions across currency pairs, something Swissquote does not offer.
While neither broker offers market research from TipRanks nor tools from Acuity Trading, both platforms provide a comprehensive economic calendar covering global events. XTB shines with a perfect 5-star rating for research and ranks 7th out of 63 brokers, according to ForexBrokers.com, showcasing its strength in providing valuable analysis. Meanwhile, Swissquote, with a 4-star rating and a 16th place ranking, offers solid research capabilities but falls slightly behind XTB in overall user satisfaction regarding market insights.
| Feature |
XTB
|
Swissquote
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners comparing education at XTB vs. Swissquote, both brokers make it easy to get started. Each hosts online client webinars at least once a month and offers 10+ beginner videos that explain trading basics, along with 10+ advanced videos for when you’re ready to go deeper. Independent ratings from ForexBrokers.com give XTB the edge for education: XTB earns 5 stars and ranks #11 out of 63 brokers, while Swissquote earns 4 stars and ranks #20.
If you want the most highly rated learning path with frequent webinars and lots of beginner-friendly videos, XTB is the stronger pick. Swissquote is still a solid choice for new traders, thanks to its regular webinars and wide video library, but its education score and ranking come in a step below XTB.
| Feature |
XTB
|
Swissquote
|
|---|---|---|
| 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 XTB is better than Swissquote. XTB finished with an overall rank of #7, while Swissquote finished with an overall rank of #11.
As a trusted multi-asset broker, XTB offers outstanding customer service, a wide variety of forex and CFDs, and an excellent overall trading experience. Its xStation 5 trading platform is well-designed and packed with innovative features, and XTB’s offers comprehensive educational content and market research.
| Feature |
XTB
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Swissquote
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| Overall Rating |
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| Trust Score | 96 | 99 |
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Comparing online brokers, Swissquote lets you buy both real (delivered) cryptocurrencies and cryptocurrency CFDs, while XTB supports only cryptocurrency CFDs and does not offer the purchase of actual coins.
When comparing online brokers XTB and Swissquote, both support PayPal, Skrill, and bank wire transfers, but only Swissquote offers ACH/SEPA transfers, while Visa/Mastercard availability is not specified for either.
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 | XTB | Swissquote | |
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| Trust Score | 96 | 99 | |
| Winner | check_circle | ||
| Review | XTB Review | Swissquote Review |
| Broker Screenshots | XTB | Swissquote | |
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| Regulation | XTB | Swissquote | |
|---|---|---|---|
| Trust Score | 96 | 99 | |
| Year Founded | 2002 | 1996 | |
| Publicly Traded (Listed) | Yes | Yes | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 5 | |
| Tier-2 Licenses | 2 | 2 | |
| Tier-3 Licenses | 1 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | XTB | Swissquote | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | Yes | |
| Switzerland (FINMA Authorised) | Yes | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| 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) | XTB | Swissquote | |
|---|---|---|---|
| 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 | XTB | Swissquote | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7184 | 472 | |
| Forex Pairs (Total) | 71 | 80 | |
| U.S. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | Yes | |
| 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 | XTB | Swissquote | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.00 | N/A | |
| All-in Cost EUR/USD - Active | 1.00 | N/A | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | XTB | Swissquote | |
|---|---|---|---|
| Minimum Deposit | $0 | $1000 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | Yes |
| Trading Platforms | XTB | Swissquote | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | XTB | Swissquote | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 39 | 86 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XTB | Swissquote | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 39 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | XTB | Swissquote | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | XTB | Swissquote | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | XTB | Swissquote | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | XTB Review | Swissquote Review |
| Overall | XTB | Swissquote | |
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| Trust Score | 96 | 99 | |
| Winner | check_circle | ||
| Review | XTB Review | Swissquote Review |
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