Compare FXTM Vs Swissquote: Which is the Better Forex Broker in 2024?
FXTM Vs Swissquote, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between FXTM Vs Swissquote, here is the direct comparison:
Compare | FXTM | Swissquote |
General Rating |
3.06/5 |
2.09/5 |
Score | ||
Trustpilot |
3.1/5 704 users |
3.7/5 150 users |
πΌ Regulation | ||
β Info | ||
β Established | 2011 | 1996 |
π² Min Deposit | $10 | $1000 |
β Max Leverage | 1:2000 | 1:100 |
π’ Spread | Fixed | Fixed |
πΈ Commissions | $2 | |
π‘ Min Position | 0.01 lot | 0.1 lot |
π³ Payment | WebMoney, Skrill, Wire transfer, Credit/debit cards, YooMoney, Neteller, UnionPay, QIWI, Perfect Money, DIXIPAY, FasaPay, Crypto and Google Pay | Wire transfer and Credit/debit cards |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Silver | ||
Index | ||
Indices | ||
Commodities | ||
Etf | ||
Bonds | ||
Stock | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
Stocks 1:5 | ||
Physical Stock |
π£ Website Languages | Arabic, Czech, English, Spanish, Persian, French, Hindi, Indonesian, Italian, Korean, Malay, Polish, Russian, Thai, Turkish, Urdu, Vietnamese, Chinese | Arabic, German, English, Spanish, French, Russian, Chinese |
πͺ Trade Now | Open FXTM | Open Swissquote |
Compare Again
Testimonials
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FXTM: Recover my fund without question
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FXTM: So far FXTM has always met my ideal trading conditions,...
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FXTM: One thing I like about FXTM is that they always...
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FXTM: I was having issues with withdrawals, but their customer support...
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FXTM: I don't understand why do they charged me overnight fees...
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Swissquote: Live chat support - terrible. The guy there doesn't know...
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Swissquote: They (or their payment vendors) charge high fees, like 2%...
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Swissquote: Stay away from this low quality market maker. Account opening...
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Swissquote: When I tried to open an account, I had to...
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Swissquote: Before I had even finished opening my account I had...
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See More FXTM Testimonials
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See More Swissquote Testimonials
News
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Swissquote's New Website Offers a Visual and Functional Upgrade
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FXTM Forex Broker Parts Ways with Financial Commission
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Swissquote Launches Lending Program, Providing Passive Income for Clients
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FXTM Exits EU Operations, Surrenders CySEC License
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Swissquote Appoints New COO Following the Retirement of Lino Finini
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Swissquote Advancing into Digital Banking Business
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Swissquote Releases Investment Saving Product, Invest Easy Solution
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FXTM UK Revenue Drop Despite Rising Profit in 2022
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Swissquote Releases NetGuardians to Fight Financial Fraud
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See More Related FXTM News
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See More Related Swissquote News
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- Comparison List
Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, FXTM provides their pricing with Fixed spread while Swissquote offers Fixed spread.
FXTM vs Swissquote: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, FXTM enables trading with MetaTrader 4 (Limited with 60 days), MetaTrader 5 (Limited with 30 days). The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, Swissquote provides trading with MetaTrader 4 (Limited with 30 days), MetaTrader 5 (Limited with 30 days), Advanced Trader (Limited with 30 days) with the support of One-click trading, Trailing stop, Pending orders.
Is FXTM or Swissquote better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, FXTM supports trading with Forex, Gold & silver, Commodities, Indices, CFD, Oil, Futures, Crypto, while Swissquote presents the ability of trading with Forex, Gold & silver, Stocks, Options, Indexes, Crypto, CFD.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to FXTM and Swissquote:
- Compare FXTM vs RoboForex
- Compare FXTM vs ADSS
- Compare FXTM vs BDSwiss
- Compare Swissquote vs FxPro
- Compare Swissquote vs MTrading
- Compare Swissquote vs Axi
For more comparisons, visit this page.