FxPro vs Swissquote
Compare FxPro Vs Swissquote Side by Side
Considering whether to opt for FxPro or Swissquote? We’ve conducted a comparison review of FxPro and Swissquote, encompassing safety measures, licensing, trading terms, costs, trading platforms, available instruments, deposit and withdrawal conditions, and other vital considerations. This thorough side-by-side analysis is designed to assist you in making an informed decision.
Summary
| Feature | FxPro | Swissquote |
|---|---|---|
| Website | //www.fxpro.com | //www.swissquote.com |
| Founded year | 2006 | 1996 |
| Headquarter | UK | Switzerland |
| Licenses | UK, Cyprus, South Africa, Bahamas, Mauritius | Switzerland, UK, Luxembourg, UAE, Hong Kong, Singapore, Malta |
| Minimum Deposit | 100 US$ | 1,000 US$ |
| Trading Platforms | MT4, MT5, cTrader, FxPro Edge | MT4, MT5, eTrading, Swiss DOTS, Advanced Trader |
| Eurusd avg Spread | 0.9 pips | 1.3 pips |
Licenses
| Feature | FxPro | Swissquote |
|---|---|---|
| Licenses Countries Info (short) |
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FxPro operates under the regulation of top-tier authorities, including those in the UK, ensuring a secure trading environment. Swissquote, on the other hand, enjoys a broader regulatory oversight from authorities in the UK, EU, Japan, Hong Kong, Singapore, and several other regions, ensuring global reliability and trust. Both brokers have also strategically established international entities, aiming to expand and enhance their operations on a global scale.
Broker Types
| Feature | FxPro | Swissquote |
|---|---|---|
| Broker types |
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Both brokers, in their operations, adopt a hybrid approach, utilizing ECN/STP execution models. This approach provides traders with a more extensive array of execution options, facilitating a more flexible trading environment. Swissquote additionally functions as a Market Maker, adding another layer of operational diversity.
Trading Conditions
| Feature | FxPro | Swissquote |
|---|---|---|
| Trading Conditions |
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FxPro and Swissquote both create favorable trading environments, making them accessible and advantageous options for novice traders. They facilitate a variety of trading strategies by offering minimal spreads and commissions, enhancing trading efficiency. Additionally, they provide ample leverage options, enabling traders to amplify their market exposure with relatively modest initial deposits. Swissquote, uniquely operating as a bank as well, tailors its offerings to embody banking conditions, adding an extra dimension of service and reliability to its trading conditions.
Fees & Commissions
| Fees & Commissions | FxPro | Swissquote |
|---|---|---|
| Inactivity Feemonth | 15 $ | $10 |
| Deposit fee | 0 $ | $0 |
| Withdrawal fee | 0 $ | $0 |
| Rollover fee eurusd buy 1 lot | -4.8665 | 0.79 |
| Rollover fee eurusd sell 1 lot | 0.7254 | -4.05 |
| Avg Eurusd standard acc | 0.9 pips | 1.3 pips |
| Gold | 1619 | 28.6 |
| Brent oil | 88 | 5 |
| Bitcoin | 20155 | 1% |
FxPro offers more competitive fees, featuring spreads that generally stand below the industry average and abstaining from charging commissions, with the exception of an inactivity fee. On the contrary, Swissquote has a tendency to apply higher spreads, and their inactivity fees can reach substantial amounts, escalating up to $150. This makes FxPro a more cost-effective option in terms of spreads and inactivity fees.
Account Types
| Feature | FxPro | Swissquote |
|---|---|---|
| Account types |
|
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FxPro presents a diverse array of trading account options, meticulously designed to accommodate a multitude of trading preferences. They offer competitive spreads and the significant benefit of a demo account, allowing novice traders to refine their skills effectively.
Swissquote, on the other hand, offers a curated selection of trading accounts, customized to meet the diverse needs of various traders, including private individuals and B2B clients. Their offerings include Trading, Forex, Robo-Advisory, and Crypto-Assets accounts, with specialized options such as the swap-free account also available. Notably, both brokers also offer banking account services, broadening their financial service offerings.
Markets & Instruments
| Markets & Instruments | FxPro | Swissquote |
|---|---|---|
| Forex | 70 | 80 |
| Indices | 19 | 45 |
| Commodities | 7 | 23 |
| Cryptocurrencies | 4 | 27 |
| Shares | 134 | 2000+ |
| Bonds | ❌ | ❌ |
| Options | ❌ | ✔️ |
| Binary options | ❌ | ❌ |
| Spread betting | ✔️ | ❌ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | 10 |
| Etfs | ❌ | 1200+ |
FxPro provides access to a variety of trading markets such as forex, indices, and commodities, as well as Spread Betting among others. Swissquote, on the other hand, expands its offerings by including Options and Futures in its portfolio, although it does not provide the option of Spread Betting. In terms of the diversity and number of instruments available, Swissquote undoubtedly holds a prominent position.
Trading Platforms
| Feature | FxPro | Swissquote |
|---|---|---|
| Platforms |
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FxPro boasts a diverse selection of trading platforms including MT4, MT5, the versatile cTrader platform, and WebTrader, each meticulously designed to cater to various trading styles and preferences. Swissquote, conversely, differentiates itself by offering an array of trading platforms that includes its exclusive proprietary platform, as well as a complete suite of MetaTrader platforms, encompassing both MT4 and MT5, ensuring traders have access to platforms that suit their trading needs and strategies.
Deposit & Withdrawal Methods
| Feature | FxPro | Swissquote |
|---|---|---|
| Payment methods |
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FxPro offers a flexible array of payment options, including bank transfers, debit/credit cards, and a selection of popular e-wallets, providing convenient alternatives to cater to various preferences. In contrast, Swissquote’s funding methods are somewhat limited, mainly focusing on credit/debit card transactions and bank wire transfers, offering fewer choices in comparison to FxPro.
Others
| Feature | FxPro | Swissquote |
|---|---|---|
| Others |
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Both FxPro and Swissquote shine in customer support, offering live chat and telephone services to assist their clients promptly and effectively. They also both provide a rich array of educational resources for traders. These include video tutorials, guides, in-depth trading courses, enlightening webinars, and a plethora of other educational materials that enhance the learning and trading experience of their clients.
Conclusion on Swissquote vs FxPro
In conclusion, our thorough comparison of FxPro and Swissquote reveals that both brokers uphold high reputational standards, maintain a robust international presence, and comply with rigorous regulatory requirements. Both brokers facilitate favorable trading environments and offer a diverse range of trading instruments. FxPro stands out by providing Spread Betting options for UK traders and featuring more competitive spreads. Swissquote, wearing a dual hat as a bank, brings additional benefits such as the availability of banking services, including the option to open bank accounts. Here is our final recommendation:
- FxPro — 🥇Best cTrader Broker providing advanced proposals and technological solutions tailored to experienced and demanding traders.
- Swissquote — 🥇 Best CFD Broker for Beginners providing services designed for retail or independent asset managers or corporate customers.
