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eToro vs Swissquote
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Updated:
Compare eToro vs Swissquote Side by Side
Can’t pick between eToro and Swissquote and have doubts of which broker is actually better? Use our detailed comparison guide of eToro Review and Swissquote Review, which includes comparison of the safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.
Summary
| Feature | eToro | Swissquote |
|---|---|---|
| Website | //www.etoro.com | //www.swissquote.com |
| Founded year | 2006 | 1996 |
| Headquarter | Israel | Switzerland |
| Licenses | UK, Australia, Cyprus, Seychelles | Switzerland, UK, Luxembourg, UAE, Hong Kong, Singapore, Malta |
| Minimum Deposit | 50 US$ | 1,000 US$ |
| Trading Platforms | eToro platform | MT4, MT5, eTrading, Swiss DOTS, Advanced Trader |
| Eurusd avg Spread | 0.97 pip | 1.3 pips |
Licenses
| Feature | eToro | Swissquote |
|---|---|---|
| Licenses Countries Info (short) |
|
|
eToro vs Swissquote both regulated in the UK, both providing good transparency and customer protection and are legit to accept EU. However, eToro has an advantage here for holding other licenses from respected authorities in USA and Australia, increasing its traders audience and providing services in more regions.
Broker Types
| Feature | eToro | Swissquote |
|---|---|---|
| Broker types |
|
|
Both Brokers operate Market Making model making them equal, eToro execution is NDD and both brokers execution is high speed with no rejections. Also, in comparison to the STP brokers, Market Makers have less volatile quote allocation with a smoother offering.
Trading Conditions
| Feature | eToro | Swissquote |
|---|---|---|
| Trading Conditions |
|
|
Both eToro vs Swissquote are suitable for beginners, however, the conditions offered by Swissquote seem to be limited compared to the ones from eToro, while eToro is offering copy and social trading for its traders.
Fees & Commissions
| Fees & Commissions | eToro | Swissquote |
|---|---|---|
| Inactivity Feemonth | $10 | $10 |
| Deposit fee | 0$ | $0 |
| Withdrawal fee | 5$ | $0 |
| Rollover fee eurusd buy 1 lot | -0.00008269 | 0.79 |
| Rollover fee eurusd sell 1 lot | 0.00001841 | -4.05 |
| Avg Eurusd standard acc | 0.97 pip | 1.3 pips |
| Gold | 4.5 | 28.6 |
| Brent oil | 5 | 5 |
| Bitcoin | 102.71 | 1% |
eToro’s fees remain considerably elevated, as the broker charges inactivity fee as well as withdrawal fee. Also, Swissquote’s spreads are relatively higher compared to those offered by eToro.
Account Types
| Feature | eToro | Swissquote |
|---|---|---|
| Account types |
|
|
While both eToro vs Swissquote offer Standard accounts, they additionally offer Swap Free Accounts, which allow traders to open long-term positions.
Markets & Instruments
| Markets & Instruments | eToro | Swissquote |
|---|---|---|
| Forex | 52 | 80 |
| Indices | 21 | 45 |
| Commodities | 32 | 23 |
| Cryptocurrencies | 74 | 27 |
| Shares | 3203 | 2000+ |
| Bonds | ❌ | ❌ |
| Options | ❌ | ✔️ |
| Binary options | ❌ | ❌ |
| Spread betting | ❌ | ❌ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | 10 |
| Etfs | 325 | 1200+ |
Trading instruments range of both eToro vs Swissquote is quite similar. Swissquote also offers Options and Futures.
Trading Platforms
| Feature | eToro | Swissquote |
|---|---|---|
| Platforms |
|
|
Both Brokers offer proprietary Trading Platforms, and both offer additional platforms like MetaTrader4, MetaTrader5 for Swissquote and WebTrader for eToro.
Deposit & Withdrawal Methods
| Feature | eToro | Swissquote |
|---|---|---|
| Payment methods |
|
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Payment methods offered by eToro vs Swissquote are very much alike. Both brokers offer bank transfers, debit/credit cards, and some popular e-wallets.
Others
| Feature | eToro | Swissquote |
|---|---|---|
| Others |
|
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Both eToro vs Swissquote take client satisfaction quite a priority and keep it at a professional level. However, there’s a minor disadvantage as we found eToro’s education materials and videos are not super comprehensive and rather medium or basic level, while Swissquote is more advanced and helps to improve traders knowledge and include comprehensive materials, tutorials and webinars.
Conclusion on Swissquote vs eToro
Concluding eToro vs Swissquote comparison we found both brokers are reliable and trustworthy with solid international offers and well-regulated nature. Both brokers are suitable for beginners and provide good trading conditions and a great variety of trading instruments. However, we would give the preference to eToro for having a better regulatory backup and for offering social trading (and relatively better trading conditions). Here is our final recommendation:
- eToro – 🥇Best Broker for Social trading for a number of top traders and Best Industry Social Trading Broker
- Swissquote – 🥇 Best for Corporate clients offering specialized services for independent asset managers and corporate clients.
