FXOpen vs. Swissquote
Comparison: FXOpen vs. Swissquote – Which broker is better? A quick comparison of platform, fees, deposits, withdrawals and regulation.
Winner of this comparison: Swissquote with an overall rating of 47%
Basic information
| Basic information |  FXOpen |  Swissquote |
|---|---|---|
| Deposit | 100 EUR/USD | 1000 EUR/USD |
| Spreads | 1 EUR/USD | 3 EUR/USD |
| Established | 2005 | 1996 |
| Currency Pairs (Total Forex pairs) | 95 | 78 |
| Country | UK, Australia | Switzerland, UK |
| Regulation | FCA (UK), ASIC (Australia) | FCA (UK), Cysec |
| Trading app | MetaTrader 4 (MT4), Desktop Platform (Windows), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), Web Platform, MetaTrader 5 (MT5) |
| Number of CFD asset classes | 5 | 7 |
| Broker type | MM | MM |
| Support | Phone, Mail, Chat | Phone, Mail, Chat |
| Funding methods | * Some of the payment methods may not be available in your country. Visa/Mastercard, Bank Wire | * Some of the payment methods may not be available in your country. Visa/Mastercard, Bank Wire |
| Real Stocks and ETFs | Yes | Yes |
*The value is indicative from the broker's website. The spread amount is variable.
75% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 61 % 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.
Comparison Result
If you don’t want to read the full comparison, the winner of our review is Swissquote, which takes the lead with a rating of 47%, while FXOpen only reaches 36%. FXOpen requires a minimum deposit of 100 EUR/USD, while Swissquote sets it at 1000 EUR/USD. Thanks to the lower deposit, FXOpen is more welcoming to traders with smaller budgets. For FXOpen, the spread is 1 EUR/USD, while for Swissquote it is 3 EUR/USD. Tighter spreads make FXOpen a more advantageous choice. FXOpen offers 95 forex pairs, while Swissquote provides 78. A wider selection gives FXOpen the advantage. FXOpen was founded in 2005, while Swissquote has been operating since 1996. The older Swissquote has the upper hand in this regard. This advantage goes to Swissquote, while FXOpen lacks it. FXOpen is overseen by 2 regulatory bodies, while Swissquote has 2. In terms of regulation, both are equal. FXOpen supports 3 platforms, while Swissquote offers 3. In terms of platform count, both are on the same level.
36%
FXOpen
47%
Swissquote
Key Strengths
FXOpen
- Micro accounts from just 1 USD allow starting with minimal capital
- Support for MetaTrader 4 and 5 - the standard among traders
- Free demo accounts for practicing strategies
Swissquote
- Long-term existence and credibility: Swissquote was founded in 1996 and is publicly traded on the SIX exchange. It is regulated in five Tier-1 jurisdictions.
- Multi-asset offering: Swissquote allows trading with over 3 million financial products, including stocks, options, futures, ETFs, and structured products.
- Choice of trading platforms: The broker offers access to the MetaTrader platform, including additional add-ons such as MetaTrader Master Edition. Additionally, it has its own CFXD platform with TradingView charts.
Comparison by Categories
Comprehensive Comparison: FXOpen vs Swissquote
FXOpen Swissquote Investments
62 % 88 %| Investments | FXOpen | Swissquote |
|---|---|---|
| Currency Pairs (Total Forex pairs) | 95 | 78 |
| CFDs – Total Offered | 110+ | 150+ |
| Options CFD | No | Yes |
| Share CFDs | Yes | Yes |
| Forex CFD | Yes | Yes |
| Commodities CFD | Yes | Yes |
| ETF CFD | No | Yes |
| Indicies CFD | Yes | Yes |
| Cryptocurrency traded as actual | No | Yes |
| Cryptocurrency traded as CFD | Yes | No |
Cost
80 % 80 %| Cost | FXOpen | Swissquote |
|---|---|---|
| Average Spread EUR/USD *The value is indicative from the broker's website. The spread amount is variable. | 1 | 3 |
| Deposit from | 100 | 1000 |
| Account fee | No | No |
| Inactivity fee | Yes | Yes |
| Active Trader or VIP Discounts | No | No |
| Withdrawal fees | No | No |
| Deposit fees | No | No |
Trading app
43 % 43 %| Trading app | FXOpen | Swissquote |
|---|---|---|
| Desktop Platform (Windows) | Yes | No |
| Web Platform | No | Yes |
| Social Trading / Copy-Trading | No | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Currenex | No | No |
| cTrader | No | No |
Trading Tools
100 % 100 %| Trading Tools | FXOpen | Swissquote |
|---|---|---|
| Financial leverage | Yes | Yes |
| Virtual Trading (Demo) | Yes | Yes |
| Alerts – Basic Fields | Yes | Yes |
| Charting – Indicators / Studies (Total) | Yes | Yes |
| Charting – Drawing Tools (Total) | Yes | Yes |
| Charting – Trade From Chart | Yes | Yes |
| Stop-Loss | Yes | Yes |
| Finacial Calendar | Yes | Yes |
| Daily financial news | Yes | Yes |
| Order Type – Trailing Stop | Yes | Yes |
Research
33 % 33 %| Research | FXOpen | Swissquote |
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Weekly Webinars | No | No |
| Social Sentiment – Currency Pairs | No | No |
| Economic Calendar | No | No |
| Research | No | No |
Education
33 % 100 %| Education | FXOpen | Swissquote |
|---|---|---|
| Has Education – Forex | Yes | Yes |
| Has Education – CFDs | Yes | Yes |
| Client Webinars | No | Yes |
| Videos – Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | No | Yes |
| Education | No | Yes |
Forex
100 % 100 %| Forex | FXOpen | Swissquote |
|---|---|---|
| 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 |
Commodities
0 % 27 %| Commodities | FXOpen | Swissquote |
|---|---|---|
| Gold | No | Yes |
| Silver | No | Yes |
| WIT Oil | No | Yes |
| Brent Oil | No | No |
| Coffee | No | No |
| Cocoa | No | No |
| Soybeans | No | No |
| Rice | No | No |
| Corn | No | No |
| Platinum | No | No |
| Palladium | No | No |
Indicies
60 % 100 %| Indicies | FXOpen | Swissquote |
|---|---|---|
| DAX 40 | Yes | Yes |
| S&P 500 | Yes | Yes |
| Nasdaq | Yes | Yes |
| Dow Jones | No | Yes |
| Nikkei | No | Yes |
Cryptocurrencies
20 % 30 %| Cryptocurrencies | FXOpen | Swissquote |
|---|---|---|
| Bitcoin | Yes | Yes |
| Litecoin | No | Yes |
| Ethereum | Yes | Yes |
| Ripple | No | No |
| Neo | No | No |
| Stellar | No | No |
| Cardano | No | No |
| Tron | No | No |
| Monero | No | No |
| EOS | No | No |
Regulations
33 % 33 %| Regulations | FXOpen | Swissquote |
|---|---|---|
| Cysec | No | Yes |
| ASIC (Australia) | Yes | No |
| FCA (UK) | Yes | Yes |
| Authorised in the European Union (EU) | No | No |
| CFTC Registered (USA) | No | No |
| FINMA (Switzerland) | No | No |
Support
100 % 100 %| Support | FXOpen | Swissquote |
|---|---|---|
| Chat | Yes | Yes |
| Phone | Yes | Yes |
| Yes | Yes |
Overall
36 % 47 %| Overall | FXOpen | Swissquote |
|---|
Our Recommendations
Best for Swissquote
Thanks to comprehensive educational materials and a user-friendly platform, Swissquote is an ideal choice for new traders.
Best Platform
Both brokers offer excellent trading platforms with similar features and user-friendliness.
Lowest Costs
Both brokers have comparable fee structures and spreads.
FXOpen Swissquote