InstaForex vs. Swissquote
Comparison: InstaForex vs. Swissquote – Which broker is better? A quick comparison of platform, fees, deposits, withdrawals and regulation.
Winner of this comparison: InstaForex with an overall rating of 48%
Basic information
| Basic information |  InstaForex |  Swissquote |
|---|---|---|
| Deposit | 200 EUR/USD | 1000 EUR/USD |
| Spreads | 1.3 EUR/USD | 3 EUR/USD |
| Established | 2007 | 1996 |
| Currency Pairs (Total Forex pairs) | 82 | 78 |
| Country | Cyprus | Switzerland, UK |
| Regulation | Cysec | FCA (UK), Cysec |
| Trading app | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), Web Platform, MetaTrader 5 (MT5) |
| Number of CFD asset classes | 6 | 7 |
| Broker type | ECN, MM | MM |
| Support | Phone, Mail, Chat | Phone, Mail, Chat |
| Funding methods | * Some of the payment methods may not be available in your country. Skrill, 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.
81.62% 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
In terms of overall rating, both brokers are equal – both have 48%. InstaForex requires a minimum deposit of 200 EUR/USD, while Swissquote sets it at 1000 EUR/USD. Thanks to the lower deposit, InstaForex is more welcoming to traders with smaller budgets. For InstaForex, the spread is 1.3 EUR/USD, while for Swissquote it is 3 EUR/USD. Tighter spreads make InstaForex a more advantageous choice. InstaForex offers 82 forex pairs, while Swissquote provides 78. A wider selection gives InstaForex the advantage. InstaForex was founded in 2007, while Swissquote has been operating since 1996. The older Swissquote has the upper hand in this regard. This advantage goes to Swissquote, while InstaForex lacks it. InstaForex is overseen by 1 regulatory bodies, while Swissquote has 2. Stricter oversight at Swissquote gives it an advantage. InstaForex supports 2 platforms, while Swissquote offers 3. More options are provided by Swissquote.
48%
InstaForex
47%
Swissquote
Key Strengths
InstaForex
- Wide range of instruments : InstaForex offers trading with more than 100 currency pairs, CFDs, commodities, and cryptocurrencies.
- No minimum deposit : InstaForex has no minimum deposit requirement, allowing you to start trading with any amount.
- Professional education and analysis : InstaForex provides comprehensive educational and analytical tools useful for both beginners and experienced traders.
- Quick deposits : Various deposit methods, including Bitcoin and credit cards, allow for quick and easy account funding.
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: InstaForex vs Swissquote
InstaForex Swissquote Investments
75 % 88 %| Investments | InstaForex | Swissquote |
|---|---|---|
| Currency Pairs (Total Forex pairs) | 82 | 78 |
| CFDs – Total Offered | 2600+ | 150+ |
| Options CFD | No | Yes |
| Share CFDs | Yes | Yes |
| Forex CFD | Yes | Yes |
| Commodities CFD | Yes | Yes |
| ETF CFD | Yes | Yes |
| Indicies CFD | Yes | Yes |
| Cryptocurrency traded as actual | No | Yes |
| Cryptocurrency traded as CFD | Yes | No |
Cost
60 % 80 %| Cost | InstaForex | Swissquote |
|---|---|---|
| Average Spread EUR/USD *The value is indicative from the broker's website. The spread amount is variable. | 1.3 | 3 |
| Deposit from | 200 | 1000 |
| Account fee | No | No |
| Inactivity fee | Yes | Yes |
| Active Trader or VIP Discounts | No | No |
| Withdrawal fees | Yes | No |
| Deposit fees | No | No |
Trading app
29 % 43 %| Trading app | InstaForex | Swissquote |
|---|---|---|
| Desktop Platform (Windows) | No | 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 | InstaForex | 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
67 % 33 %| Research | InstaForex | 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 | Yes | No |
| Research | Yes | No |
Education
83 % 100 %| Education | InstaForex | Swissquote |
|---|---|---|
| Has Education – Forex | Yes | Yes |
| Has Education – CFDs | Yes | Yes |
| Client Webinars | Yes | Yes |
| Videos – Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
| Education | Yes | Yes |
Forex
100 % 100 %| Forex | InstaForex | 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
36 % 27 %| Commodities | InstaForex | Swissquote |
|---|---|---|
| Gold | Yes | Yes |
| Silver | Yes | Yes |
| WIT Oil | Yes | Yes |
| Brent Oil | Yes | No |
| Coffee | No | No |
| Cocoa | No | No |
| Soybeans | No | No |
| Rice | No | No |
| Corn | No | No |
| Platinum | No | No |
| Palladium | No | No |
Indicies
100 % 100 %| Indicies | InstaForex | Swissquote |
|---|---|---|
| DAX 40 | Yes | Yes |
| S&P 500 | Yes | Yes |
| Nasdaq | Yes | Yes |
| Dow Jones | Yes | Yes |
| Nikkei | Yes | Yes |
Cryptocurrencies
40 % 30 %| Cryptocurrencies | InstaForex | Swissquote |
|---|---|---|
| Bitcoin | Yes | Yes |
| Litecoin | No | Yes |
| Ethereum | Yes | Yes |
| Ripple | Yes | No |
| Neo | No | No |
| Stellar | No | No |
| Cardano | Yes | No |
| Tron | No | No |
| Monero | No | No |
| EOS | No | No |
Regulations
17 % 33 %| Regulations | InstaForex | Swissquote |
|---|---|---|
| Cysec | Yes | Yes |
| ASIC (Australia) | No | No |
| FCA (UK) | No | Yes |
| Authorised in the European Union (EU) | No | No |
| CFTC Registered (USA) | No | No |
| FINMA (Switzerland) | No | No |
Support
100 % 100 %| Support | InstaForex | Swissquote |
|---|---|---|
| Chat | Yes | Yes |
| Phone | Yes | Yes |
| Yes | Yes |
Overall
48 % 47 %| Overall | InstaForex | 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 Swissquote
The trading platform of broker Swissquote offers an intuitive interface and advanced features for efficient trading.
Lowest Costs Swissquote
offers competitive spreads and lower fees, making it ideal for active traders.
InstaForex Swissquote