After spending seven months and hundreds of hours researching 43 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 6,000 data points. For this review, we will compare Swissquote vs XTB.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. XTB's score is 4.00 stars versus Swissquote's 3.50 stars.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Swissquote and XTB both are regulated in a major hub. Swissquote alongside XTB are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. Swissquote offers its clients access to 78 different currency pairs while XTB has 49 available pairs, a difference of 29.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Swissquote alongside XTB offer Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. Both Swissquote and XTB provide clients with access to 31 total charting tools. Swissquote and XTB offer the same number of indicators (eg, volume), 51.
Overall, both Swissquote and XTB share a rating of 4.00 stars. And, when it comes to individual category awards, both Swissquote and XTB received Best in Class - Customer Service awards in 2018.