eToro vs Swissquote

eToro
Swissquote

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

FeatureeToroSwissquote
Website//www.etoro.com//www.swissquote.com
Founded year20061996
HeadquarterIsraelSwitzerland
LicensesUSA, UK, Australia, CyprusSwitzerland, UK, Dubai, Hong Kong, Malta
Minimum Deposit200 US$1,000 US$
Trading PlatformseToro platformeTrader, Swiss DOTS
Eurusd avg Spread1 pip1.7 pips

Licenses

FeatureeToroSwissquote
Licenses Countries Info (short)
  • ASIC
  • CySEC
  • IE Singapore
  • FCA
  • NFA
  • SFC
  • MFSA
  • FINMA
  • DFSA
  • FCA

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

FeatureeToroSwissquote
Broker types
  • Market Making
  • Market Making

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

FeatureeToroSwissquote
Trading Conditions
  • beginners
  • floating spread
  • tight spread
  • auto
  • copy trade
  • hedging
  • social trading
  • beginners
  • low spread
  • scalping

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

FeatureeToroSwissquote
Inactivity Feemonth$1010 $
Deposit fee0$0 $
Withdrawal fee5$0 $
Rollover fee eurusd buy 1 lot-0.0001290.79
Rollover fee eurusd sell 1 lot0.000064-4.05
Avg Eurusd standard acc1 pip1.7 pips
Gold0.4528.6
Brent oil45
Bitcoin0.75%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

FeatureeToroSwissquote
Account types
  • Standard Account
  • Swap Free Account
  • Standard Account
  • Swap Free Account

While both eToro vs Swissquote offer Standard accounts, they additionally offer Swap Free Accounts, which allow traders to open long-term positions.

Markets & Instruments

FeatureeToroSwissquote
Forex4722
Indices1345
Commodities1415
Cryptocurrencies1627
Shares20422000+
Bonds
Options✔️
Binary options
Spread betting
Treasuries
Futures10
Etfs1511200+

Trading instruments range of both eToro vs Swissquote is quite similar. Swissquote also offers Options and Futures.

Trading Platforms

FeatureeToroSwissquote
Platforms
  • own platform
  • WebTrader
  • own platform
  • MetaTrader 4
  • MetaTrader 5

Both Brokers offer proprietary Trading Platforms, and both offer additional platforms like MetaTrader4, MetaTrader5 for Swissquote and WebTrader for eToro.

Deposit & Withdrawal Methods

FeatureeToroSwissquote
Payment methods
  • credit card
  • debit card
  • neteller
  • PayPal
  • skrill
  • credit card
  • debit card

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

FeatureeToroSwissquote
Others
  • Webinar
  • Video Tutorial
  • telephone
  • live chat
  • 24/5 availability
  • Webinar
  • telephone
  • live chat
  • 24/5 availability

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 eToro vs Swissquote

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.