Interactive brokers vs. Swissquote
Interactive brokers
Deposit
10 EUR/USD
Spreads
1 EUR/USD
*The value is indicative from the broker's website. The spread amount is variable.
Established
1978
Currency Pairs (Total Forex pairs)
22
Country:
UK
Regulation:
Trading app:
Number of CFD asset classes:
5
Broker type:
ECN,
STP
Support:
Funding methods:
* Some of the payment methods may not be available in your country.
Real Stocks and ETFs:
Swissquote
Deposit
1000 EUR/USD
Spreads
3 EUR/USD
*The value is indicative from the broker's website. The spread amount is variable.
Established
1996
Currency Pairs (Total Forex pairs)
78
Country:
Switzerland,
UK
Regulation:
Trading app:
Number of CFD asset classes:
7
Broker type:
MM
Support:
Funding methods:
* Some of the payment methods may not be available in your country.
Real Stocks and ETFs:
Winner of the comparison
50%
Interactive brokers
Winner
47%
Swissquote
Comprehensive Comparison: Interactive brokers vs Swissquote
A detailed look at two popular brokers from our portfolio
Comparison Result
Winner of this comparison: Interactive brokers with an overall rating of 50%
Interactive brokers
Min. Deposit
10
EUR/USD Spread
1
Currency Pairs
22
Year Established
1978
Swissquote
Min. Deposit
1000
EUR/USD Spread
3
Currency Pairs
78
Year Established
1996
Key Strengths
Interactive brokers
- Extremely low fees
- Wide range of products
- Many great research tools
- Low margin rates
- No inactivity fee and no withdrawal fee
Broker Interactive brokers boasts a long and trouble-free history. Moreover, there is no minimum deposit required, which makes it easy to start trading even with smaller amounts. The broker also allows the purchase of fractional shares.
The availability of a demo account will offer testing of strategies without the risk of losses. Another advantage is the wide range of assets available for trading.
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.
Our Recommendations
Best for Beginners
Swissquote
Thanks to comprehensive educational materials and a user-friendly platform, Swissquote is an ideal choice for new traders.
Best Platform
Swissquote
The trading platform of broker Swissquote offers an intuitive interface and advanced features for efficient trading.
Lowest Costs
Both brokers have comparable fee structures and spreads.
Investments
| # | Interactive brokers | Swissquote |
|---|---|---|
| Currency Pairs (Total Forex pairs) | 22 | 78 |
| CFDs – Total Offered | 100+ | 150+ |
| Options CFD | ||
| Share CFDs | ||
| Forex CFD | ||
| Commodities CFD | ||
| ETF CFD | ||
| Indicies CFD | ||
| Cryptocurrency traded as actual | ||
| Cryptocurrency traded as CFD | ||
| Investments rating | ||
| Winner |
Cost
| # | Interactive brokers | Swissquote |
|---|---|---|
| Average Spread EUR/USD *The value is indicative from the broker's website. The spread amount is variable. | 1 | 3 |
| Deposit from | 10 | 1000 |
| Account fee | ||
| Inactivity fee | ||
| Active Trader or VIP Discounts | ||
| Withdrawal fees | ||
| Deposit fees | ||
| Cost rating | ||
| Winner |
Trading app
| # | Interactive brokers | Swissquote |
|---|---|---|
| Desktop Platform (Windows) | ||
| Web Platform | ||
| Social Trading / Copy-Trading | ||
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Currenex | ||
| cTrader | ||
| Trading Platforms rating | ||
| Winner |
Trading Tools
| # | Interactive brokers | Swissquote |
|---|---|---|
| Financial leverage | ||
| Virtual Trading (Demo) | ||
| Alerts – Basic Fields | ||
| Charting – Indicators / Studies (Total) | ||
| Charting – Drawing Tools (Total) | ||
| Charting – Trade From Chart | ||
| Stop-Loss | ||
| Finacial Calendar | ||
| Daily financial news | ||
| Order Type – Trailing Stop | ||
| Trading Tools rating | ||
| Winner |
Research
| # | Interactive brokers | Swissquote |
|---|---|---|
| Daily Market Commentary | ||
| Forex News (Top-Tier Sources) | ||
| Weekly Webinars | ||
| Social Sentiment – Currency Pairs | ||
| Economic Calendar | ||
| Research | ||
| Research rating | ||
| Winner |
Education
| # | Interactive brokers | Swissquote |
|---|---|---|
| Has Education – Forex | ||
| Has Education – CFDs | ||
| Client Webinars | ||
| Videos – Advanced Trading Videos | ||
| Investor Dictionary (Glossary) | ||
| Education | ||
| Education rating | ||
| Winner |
Forex
| # | Interactive brokers | Swissquote |
|---|---|---|
| GBP/USD | ||
| USD/JPY | ||
| EUR/USD | ||
| USD/CHF | ||
| USD/CAD | ||
| NZD/USD | ||
| AUD/USD | ||
| Major Forex Pairs rating | ||
| Winner |
Commodities
| # | Interactive brokers | Swissquote |
|---|---|---|
| Gold | ||
| Silver | ||
| WIT Oil | ||
| Brent Oil | ||
| Coffee | ||
| Cocoa | ||
| Soybeans | ||
| Rice | ||
| Corn | ||
| Platinum | ||
| Palladium | ||
| Commodities rating | ||
| Winner |
Indicies
| # | Interactive brokers | Swissquote |
|---|---|---|
| DAX 40 | ||
| S&P 500 | ||
| Nasdaq | ||
| Dow Jones | ||
| Nikkei | ||
| Indices rating | ||
| Winner |
Cryptocurrencies
| # | Interactive brokers | Swissquote |
|---|---|---|
| Bitcoin | ||
| Litecoin | ||
| Ethereum | ||
| Ripple | ||
| Neo | ||
| Stellar | ||
| Cardano | ||
| Tron | ||
| Monero | ||
| EOS | ||
| Cryptocurrencies rating | ||
| Winner |
Regulations
| # | Interactive brokers | Swissquote |
|---|---|---|
| Cysec | ||
| ASIC (Australia) | ||
| FCA (UK) | ||
| Authorised in the European Union (EU) | ||
| CFTC Registered (USA) | ||
| FINMA (Switzerland) | ||
| Regulations rating | ||
| Winner |
Support
| # | Interactive brokers | Swissquote |
|---|---|---|
| Chat | ||
| Phone | ||
| Support rating | ||
| Winner |
Overall
| # | Interactive brokers | Swissquote |
|---|---|---|
| Go to the full broker review | Interactive brokers | Swissquote |
| Win / Loss % | 50% | 47% |
| Winner |
