Compare Swissquote Vs Plus500: Which is the Better Forex Broker in 2024?
Swissquote Vs Plus500, 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 Swissquote Vs Plus500, here is the direct comparison:
Compare | Swissquote | Plus500 |
General Rating |
2.09/5 |
1.00/5 |
Score | ||
Trustpilot |
3.7/5 150 users |
3.5/5 1407 users |
πΌ Regulation | ||
β Info | ||
β Established | 1996 | 2008 |
π² Min Deposit | $1000 | $100 |
β Max Leverage | 1:100 | 1:300 |
π’ Spread | Fixed | Fixed |
πΈ Commissions | ||
π‘ Min Position | 0.1 lot | 0.005 lot |
π³ Payment | Wire transfer and Credit/debit cards | PayPal, Skrill, Wire transfer, Credit/debit cards, BPAY, iDEAL, SOFORT, giropay and Przelewy24 |
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 | ||
Indices | ||
Commodities | ||
Etf | ||
Bonds | ||
Stock | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
EU Stocks | ||
Physical Stock | ||
Index |
π£ Website Languages | Arabic, German, English, Spanish, French, Russian, Chinese | Arabic, Bulgarian, Czech, Danish, German, Greek, English, Spanish, Estonian, Finnish, French, Croatian, Hungarian, Icelandic, Italian, Hebrew, Japanese, Korean, Lithuanian, Latvian/Lettish, Malay, Mal |
πͺ Trade Now | Open Swissquote | Open Plus500 |
Compare Again
Testimonials
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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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Plus500: There's no problem actually with their deposit process, but need...
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Plus500: They have a simple program. As a newbie in the...
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Plus500: For my 1st experience with broker, Plus500 have a very...
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Plus500: Plus500 don't like it if their trader makes a lot...
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Plus500: For almost 4 weeks they prevent me to withdraw my...
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See More Swissquote Testimonials
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See More Plus500 Testimonials
News
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Plus500 Boosts Shareholder Value with $100 Million Share Buyback
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Swissquote's New Website Offers a Visual and Functional Upgrade
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Swissquote Launches Lending Program, Providing Passive Income for Clients
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Forex Broker Plus500 Surpasses Expectations with $725M in Revenues
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Plus500 Expands to US Futures Market with FIA Membership
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Plus500's Efforts to Maintain The Title of Best Broker
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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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Plus500's Anne Grim Steps Down From Her Position
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See More Related Swissquote News
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See More Related Plus500 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, Swissquote provides their pricing with Fixed spread while Plus500 offers Fixed spread.
Swissquote vs Plus500: 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, Swissquote enables trading with MetaTrader 4 (Limited with 30 days), MetaTrader 5 (Limited with 30 days), Advanced Trader (Limited with 30 days). The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, Plus500 provides trading with Plus500 Windows Trader, Plus500 WebTrader with the support of Trailing stop, Pending orders.
Is Swissquote or Plus500 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, Swissquote supports trading with Forex, Gold & silver, Stocks, Options, Indexes, Crypto, CFD, while Plus500 presents the ability of trading with Forex, Gold & silver, CFD, Oil, Stocks, Options, Indexes, Metals, Energies, ETF, Spread betting, Crypto.
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 Swissquote and Plus500:
- Compare Swissquote vs easyMarkets
- Compare Swissquote vs FXOpen
- Compare Swissquote vs Blueberry Markets
- Compare Plus500 vs Forex4You
- Compare Plus500 vs IC Markets
- Compare Plus500 vs FirewoodFX
For more comparisons, visit this page.