Written by ForexBrokers.com
In this head to head comparison of Swissquote vs Xtrade, 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.
When it comes to choosing an online broker, understanding the regulatory landscape can be crucial. Swissquote, established in 1996, is a notable choice as it holds a Trust Score of 99 out of 99, indicating a highly trusted status according to ForexBrokers.com. This Swiss broker is not only publicly traded but is also a bank, giving it a solid foundation in financial markets. Swissquote boasts 5 Tier-1 licenses, highlighting its dependable and well-regulated nature. Additionally, it holds 2 Tier-2 licenses, further establishing its credibility as a trusted broker.
Founded in 2003, Xtrade offers a different set of features. While it is not publicly traded nor a bank, Xtrade maintains a Trust Score of 74, classified as an average risk option. With 1 Tier-1 and 1 Tier-2 license, Xtrade provides a baseline level of trust, though it does not reach the same regulatory stature as Swissquote. For investors prioritizing regulation and trust, these factors may be crucial when deciding between these two online brokers.
| Feature |
Swissquote
|
Xtrade
|
|---|---|---|
| Year Founded | 1996 | 2003 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 1 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing Swissquote and Xtrade in terms of commissions and fees, Swissquote, a Swiss banking conglomerate, carries a slight premium largely due to the prestige of its Swiss affiliation. Swissquote's U.K. entity outshines its counterparts in Switzerland and Luxembourg with lower trading costs and lighter deposit requirements, albeit with a narrower range of products. Particularly notable is the Elite account within the U.K. branch which offers lower spreads and a $5 charge per round-turn trade for active traders depositing at least $10,000. Despite these offerings, Swissquote's fees still fall short of the lowest-cost forex brokers. According to ForexBrokers.com, Swissquote earns a 3.5-star rating and secures the #53 spot among 63 brokers for commissions and fees.
Swissquote's Luxembourg branch mirrors the U.K. entity's pricing, with minimum spreads ranging from 0.8 pips for Prime account holders, but requiring considerably high deposit minimums: $1,000 for Standard accounts, $5,000 for Premium accounts, and $50,000 for Prime accounts. On the other hand, Swissquote's Swiss division offers Standard, Premium, and Prime accounts with spreads starting at 1.7 pips, 1.4 pips, and 1.1 pips respectively, alongside high corresponding deposit requirements. Pricing convenience for active traders is available through negotiations, although specific volume tiers and related costs are not openly stated.
Xtrade is significantly less competitive with no available average spread data and a considerably lower rating. Earning 2.5 stars from ForexBrokers.com, Xtrade places last at #63 in the ranking among 63 brokers for commissions and fees, indicating its higher cost or less favorable offerings compared to its peers. Customers may find Swissquote's diversified account types and customizable trading conditions a more appealing choice despite its comparatively modest ranking.
| Feature |
Swissquote
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $1000 | $250 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the variety of investment options, both Swissquote and Xtrade offer opportunities for forex trading as CFDs or spot contracts. Swissquote provides a broader selection with 472 tradeable symbols, including 80 forex pairs, while Xtrade offers slightly more tradeable symbols at 482 but only 56 forex pairs. Moreover, Swissquote gives investors the chance to buy exchange-traded securities, such as Apple shares on U.S. exchanges and Vodafone shares internationally. In contrast, Xtrade focuses on CFDs and does not offer direct access to such exchange-traded securities. This wider array of options contributes to Swissquote's higher rating of five stars for Range of Investments, compared to Xtrade's 3.5 stars.
In addition to its large selection of tradeable symbols, Swissquote supports both copy trading and the purchase of actual cryptocurrencies, allowing for further diversification. On the other hand, Xtrade does not offer copy trading or the option to buy actual cryptocurrencies, though they do provide cryptocurrency derivatives. These additional services help position Swissquote as a top choice, ranking 2nd out of 63 brokers for Range of Investments according to ForexBrokers.com. Meanwhile, Xtrade ranks at 49th, highlighting a more limited range of investment options compared to the strengths demonstrated by Swissquote.
| Feature |
Swissquote
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 482 |
| Forex Pairs (Total) | 80 | 56 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | 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.
When comparing Swissquote and Xtrade for trading platforms and tools, it's evident that both brokers offer unique features to cater to a range of traders. Swissquote provides a comprehensive suite of options with a proprietary platform, downloadable Windows-based desktop platform, and web-based trading interface. Xtrade also offers a proprietary platform but does not support a downloadable desktop version, focusing instead on its web-based service. Both brokers extend the benefit of simulated trading through free virtual demo accounts, though Swissquote gains an additional edge by supporting both MetaTrader 4 and MetaTrader 5, which Xtrade does not offer.
In terms of advanced functionalities, Swissquote supports copy trading, unlike Xtrade, and offers an extensive 75 drawing tools for chart analysis compared to Xtrade's 100. While Xtrade surpasses in this particular area and offers trading directly from a stock chart, Swissquote remains competitive with a higher number of watchlist fields (11) compared to Xtrade's 9. Ratings from ForexBrokers.com highlight these distinctions, with Swissquote scoring 4.5 out of 5 stars for its trading platforms and tools, while Xtrade receives 3.5 stars. Moreover, Swissquote stands out with a ranking of 12 out of 63 brokers, markedly ahead of Xtrade's 58th position.
| Feature |
Swissquote
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 86 | N/A |
| Charting - Drawing Tools (Total) | 75 | 100 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Swissquote and Xtrade, both platforms are available on iPhone and Android, making them accessible for a wide range of users. However, there are key differences in their features that are important for traders to consider. Swissquote stands out for offering stock or forex price alerts, while Xtrade does not provide this feature. Swissquote also equips its users with 30 technical studies for charting, the ability to draw trendlines, and view multiple time frames on charts—features that are absent in Xtrade's app. Additionally, Swissquote allows users to create watchlists with real-time quotes and automatically saves chart drawings, providing a more comprehensive trading experience on mobile.
In terms of user satisfaction, Swissquote is highly rated with 4.5 stars for its mobile trading app, compared to Xtrade's 4 stars. This higher rating reflects Swissquote's advanced features and user-friendly design. Furthermore, Swissquote is ranked #12 among 63 brokers by ForexBrokers.com for mobile trading apps, significantly higher than Xtrade's #53 position. Both brokers do not offer watchlist symbol syncing between their mobile app and online account, which may be a consideration for traders looking for seamless integration. Overall, Swissquote's app provides a more feature-rich experience suited to active traders seeking advanced functionalities.
| Feature |
Swissquote
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When it comes to market research offerings, both Swissquote and Xtrade provide key features such as daily market commentary and forex news from top-tier sources like Bloomberg and Reuters. However, Swissquote stands out by including technical analysis and fundamental research tools from Autochartist, which Xtrade does not offer. Neither broker offers technical tools from Trading Central, sentiment-based trading tools, or market research from companies like TipRanks or Acuity Trading. Both platforms do provide an economic calendar to keep traders informed of important global economic events.
In terms of research ratings, Swissquote receives a strong 4 out of 5 stars, securing the 16th rank among 63 brokers on ForexBrokers.com. Meanwhile, Xtrade garners a 3.5-star rating, placing it at the 52nd position. This comparison highlights Swissquote's enhanced research capabilities, providing traders with more comprehensive tools and earning a higher ranking for their market insights. Xtrade offers a solid yet slightly less comprehensive set of research features by comparison.
| Feature |
Swissquote
|
Xtrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, Swissquote emerges as a more comprehensive choice compared to Xtrade. Both brokers provide at least ten educational pieces focused on forex or CFDs, but Swissquote takes the lead with its offering of monthly online educational webinars and a searchable archive of past webinars, something Xtrade does not provide. Swissquote also caters well to beginners by offering over ten beginner-focused educational videos and defines trading concepts through a detailed investor dictionary with over 50 terms. Xtrade matches Swissquote's dictionary but lacks in providing those beginner-focused video resources. For advanced trading education, Swissquote once again surpasses Xtrade by offering at least ten specialized videos for seasoned traders.
The differences in educational support are mirrored in the brokers' ratings and rankings. Swissquote is rated 4 out of 5 stars for education, with a commendable rank of 21 out of 63 on ForexBrokers.com's education category. Meanwhile, Xtrade receives a slightly lower rating of 3.5 stars and is ranked significantly lower at 46. This indicates that while both platforms offer foundational resources for new traders, Swissquote presents a more extensive educational suite. Whether you're a complete beginner or an advanced trader looking to deepen your knowledge, Swissquote seems to offer a more varied and accessible set of resources than Xtrade.
| Feature |
Swissquote
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | 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 Xtrade. Swissquote finished with an overall rank of #11, while Xtrade finished with an overall rank of #60.
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
|
Xtrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 74 |
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While both Swissquote and Xtrade provide options for trading cryptocurrency derivatives, Swissquote uniquely enables investors to purchase actual cryptocurrencies directly, distinguishing it from Xtrade, which does not offer this feature.
In comparing online brokers Swissquote and Xtrade, both offer Skrill, Visa, Mastercard, and bank wire options for depositing and withdrawing account funds, but Swissquote additionally supports ACH, SEPA, and PayPal transfers, whereas Xtrade does not provide these options.
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 | Xtrade | |
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| Trust Score | 99 | 74 | |
| Winner | check_circle | ||
| Review | Swissquote Review | Xtrade Review |
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| Regulation | Swissquote | Xtrade | |
|---|---|---|---|
| Trust Score | 99 | 74 | |
| Year Founded | 1996 | 2003 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 1 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | Xtrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| 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 | Xtrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Swissquote | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 482 | |
| Forex Pairs (Total) | 80 | 56 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | 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 | Xtrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Swissquote | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $1000 | $250 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Swissquote | Xtrade | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Swissquote | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 11 | 9 | |
| Charting - Indicators / Studies (Total) | 86 | N/A | |
| Charting - Drawing Tools (Total) | 75 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Swissquote | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | Swissquote | Xtrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Swissquote | Xtrade | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Swissquote Review | Xtrade Review |
| Overall | Swissquote | Xtrade | |
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| Trust Score | 99 | 74 | |
| Winner | check_circle | ||
| Review | Swissquote Review | Xtrade Review |
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