Compare Swissquote Vs XM: Which is the Better Forex Broker in 2024?
Swissquote Vs XM, 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 XM, here is the direct comparison:
Compare | Swissquote | XM |
General Rating |
2.09/5 |
3.38/5 |
Score | ||
Trustpilot |
3.7/5 150 users |
2.6/5 580 users |
πΌ Regulation | ||
β Info | ||
β Established | 1996 | 2009 |
π² Min Deposit | $1000 | $5 |
β Max Leverage | 1:100 | 1:1000 |
π’ Spread | Fixed | Variable |
πΈ Commissions | $3.50 | |
π‘ Min Position | 0.1 lot | 0.01 lot |
π³ Payment | Wire transfer and Credit/debit cards | WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, Western Union, CashU, QIWI, iDEAL, SOFORT, FasaPay, giropay, paysafecard and Moneta.Ru |
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 | ||
Silver | ||
Index | ||
Stocks 1:5 | ||
Physical Stock |
π£ Website Languages | Arabic, German, English, Spanish, French, Russian, Chinese | Arabic, German, Greek, English, Spanish, French, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Swedish, Thai, Turkish, Chinese |
πͺ Trade Now | Open Swissquote | Open XM |
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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XM: Explore!!!
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XM: full-fledged trading platform
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XM: THE BEST
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XM: Claim Bonus
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XM: Good for beginners
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See More Swissquote Testimonials
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See More XM Testimonials
News
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Compete and Win USD2,500 in the XM Weekly Demo Contest
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Swissquote's New Website Offers a Visual and Functional Upgrade
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XM Collaborates with EDF to Support Education for Disadvantaged Students
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XM Forex Broker and We Listen Malaysia Join Forces to Empower Orphans
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Swissquote Launches Lending Program, Providing Passive Income for Clients
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XM Collaborates with BenihBaik to Help Indonesia's Underprivileged Communities
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XM Holds Hand with Red Cross Home for the Disabled for Magical Disney Outing
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Unlock Your Fortune: Claim Your XM Angpao Bonus Today!
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XM Contributes on Literacy Support to Orphans and Homeless in Iraq
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See More Related Swissquote News
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See More Related XM News
Article
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Exploring XM Exclusive Technical Indicators
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Explore XM MT5 Performance in Various Devices
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Getting Started with XM Copy Trading for New Investors
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Earn Money by Sharing Strategy on XM Copy Trading
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Get to Know MT4 Platform with XM Video Tutorials
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Win Withdrawable Cash in XM Trading Competition
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Boost Your Trading Execution with XM VPS
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The Complete Guide to XM Turbo Stocks
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XM Refer a Friend: Earn up to $150 Cash
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See More Related XM Article
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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 XM offers Variable spread.
Swissquote vs XM: 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, XM provides trading with MetaTrader 4, MetaTrader 5, Social Trading, Web with the support of One-click trading, Trailing stop, Pending orders.
Is Swissquote or XM 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 XM presents the ability of trading with Forex, Gold & silver, CFD, Oil, Crypto, Stocks, Commodities, Indices.
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 XM:
- Compare Swissquote vs InstaForex
- Compare Swissquote vs Tickmill
- Compare Swissquote vs easyMarkets
- Compare XM vs FP Markets
- Compare XM vs AvaTrade
- Compare XM vs LiteFinance
For more comparisons, visit this page.