Swissquote vs InteractiveBrokers
Compare Swissquote vs InteractiveBrokers Side by Side
Trying to choose between Swissquote vs Interactive Brokers, but can’t decide which Broker is better Broker for your trading strategy? We made a detailed comparison between Swissquote Review and Interactive Brokers Review, compared safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.
Summary
| Feature | Swissquote | Interactive Brokers |
|---|---|---|
| Website | //www.swissquote.com | //www.interactivebrokers.co.uk |
| Founded year | 1996 | 1977 |
| Headquarter | Switzerland | USA |
| Licenses | Switzerland, UK, Luxembourg, UAE, Hong Kong, Singapore, Malta | USA, Canada, Australia, UK, Hong Kong, Japan, India |
| Minimum Deposit | 1,000 US$ | 100 US$ |
| Trading Platforms | MT4, MT5, eTrading, Swiss DOTS, Advanced Trader | TWS, IB WebTrader |
| Eurusd avg Spread | 1.3 pips | 0.3 pips |
Licenses
| Feature | Swissquote | Interactive Brokers |
|---|---|---|
| Licenses Countries Info (short) |
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Swissquote vs InteractiveBrokers both regulated in the UK, both providing good transparency and customer protection and are legit to accept EU. However, InteractiveBrokers has an advantage here for holding other licenses from respected authorities in USA, Australia, Canada and Japan, increasing its traders audience and providing services in more regions.
Broker Types
| Feature | Swissquote | Interactive Brokers |
|---|---|---|
| Broker types |
|
|
Swissquote is a Market Maker which is a great opportunity for beginning traders and some strategies due to its stability of a preset fee or spread. While Interactive Brokers is an ECN broker offering high efficiency for automated trading and a variety of strategies suitable for both retail or institutional traders.
Trading Conditions
| Feature | Swissquote | Interactive Brokers |
|---|---|---|
| Trading Conditions |
|
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Both Swissquote vs InteractiveBrokers are suitable for beginners, however, the conditions offered by Swissquote seem to be limited compared to the ones from Interactive Brokers.
Fees & Commissions
| Fees & Commissions | Swissquote | Interactive Brokers |
|---|---|---|
| Inactivity Feemonth | $10 | 0$ |
| Deposit fee | $0 | 0$ |
| Withdrawal fee | $0 | 0$ |
| Rollover fee eurusd buy 1 lot | 0.79 | -1.5% |
| Rollover fee eurusd sell 1 lot | -4.05 | +1.5% |
| Avg Eurusd standard acc | 1.3 pips | 0.3 pips |
| Gold | 28.6 | 1.5 bps |
| Brent oil | 5 | 0.05% |
| Bitcoin | 1% | 0.12-0.18% |
Interactive Brokers has a bit lower fees than Swissquote, including low fees with 0$ commission, while Swissquote’s fees remain considerably elevated. There is also Interactive Brokers pricing model that differs. Interactive Brokers trading fees are based on charge of the commission per trade also ranging on a product you trade, hence the prices are quite competitive since does not include spreads and allows you easy calculation.
Account Types
| Feature | Swissquote | Interactive Brokers |
|---|---|---|
| Account types |
|
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While both Swissquote vs Interactive Brokers offer Standard accounts, Interactive Brokers have a slight advantage here for offering more than 10 account types based on traders needs and peculiarities, such as Family Accounts, Small Business Accounts, Proprietary Trading Group Accounts, etc. Swissquote additionally offers a Swap Free Account, which allows traders to open long-term positions.
Markets & Instruments
| Markets & Instruments | Swissquote | Interactive Brokers |
|---|---|---|
| Forex | 80 | 100+ |
| Indices | 45 | ✔️ |
| Commodities | 23 | ✔️ |
| Cryptocurrencies | 27 | 4 |
| Shares | 2000+ | 70+ |
| Bonds | ❌ | ✔️ |
| Options | ✔️ | ✔️ |
| Binary options | ❌ | ❌ |
| Spread betting | ❌ | ❌ |
| Treasuries | ❌ | ❌ |
| Futures | 10 | ✔️ |
| Etfs | 1200+ | 13000 |
Trading instruments range of both Swissquote vs Interactive Brokers is quite similar. InteractiveBrokers also offers Bonds and outnumbers Swissquote in Currencies and ETFs.
Trading Platforms
| Feature | Swissquote | Interactive Brokers |
|---|---|---|
| Platforms |
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Both Brokers offer proprietary Trading Platforms, and both offer additional platforms like MetaTrader4, MetaTrader5 for Swissquote and WebTrader for InteractiveBrokers.
Deposit & Withdrawal Methods
| Feature | Swissquote | Interactive Brokers |
|---|---|---|
| Payment methods |
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Compared to InteractiveBrokers with its various options, including bank wire transfers, BPay, ACH Initiated, Canadian Bill, etc, Swissquote payment methods look a bit limited, offering debit/credit cards, bank transfer and some of the popular e-wallets.
Others
| Feature | Swissquote | Interactive Brokers |
|---|---|---|
| Others |
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Both Swissquote vs Interactive Brokers provide excellent customer support. As to the educational materials, both brokers stand out with strong professional interactive education, trading courses, webinars and numerous comprehensive materials.
Conclusion on Interactive Brokers vs Swissquote
Concluding Swissquote vs InteractiveBrokers comparison we found both brokers are reliable and trustworthy with solid international offers and well-regulated nature. The proposals of the interesting trading conditions and great number of trading instruments. However, InteractiveBrokers have certain advantages for offering lower spreads and better trading conditions and various account types that would suit different trader’s needs. Here is our final recommendation:
- Swissquote – 🥇 Best for Corporate clients offering specialized services for independent asset managers and corporate clients.
- Interactive Brokers – 🥇 Best for Professional trading giving the advanced proposal and technological solutions for experienced and demanding traders.
