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Swissquote vs FXCM 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is Swissquote better than FXCM? In our analysis of 23 international regulators across 62 of the best forex brokers, Swissquote is considered low-risk, with an overall Trust Score of 99 out of 99. FXCM is considered low-risk, with an overall Trust Score of 96 out of 99. Learn more about Trust Score.

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Overall RatingSwissquoteFXCM
Overall Rating 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 3.5/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 3.5/5 Stars
Platform & Tools 4.5/5 Stars 5/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 4.5/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score 99 96
Winner check_circle
Review Swissquote Review FXCM Review
RegulationSwissquoteFXCM
Trust Score 99 96
Year Founded 1996 1999
Publicly Traded (Listed) Yes Yes
Bank Yes No
Authorised in European Union Yes info Yes info
Tier-1 Licenses 4 3
Tier-2 Licenses 1 3
Tier-3 Licenses 0 0
Tier-1 Licenses (High Trust)SwissquoteFXCM
ASIC Authorised (Australia) No Yes
IIROC Authorised (Canada) No Yes
SFC Authorised (Hong Kong) Yes No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) Yes No
FINMA Authorised (Switzerland) Yes No
FCA Authorised (U.K.) Yes Yes
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)SwissquoteFXCM
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) No Yes
SEBI Authorised (India) No No
ISA Authorised (Israel) No Yes
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No Yes
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) Yes No
Tier-3 Licenses (Low Trust)SwissquoteFXCM
SCB Authorised (Bahamas) No No
FSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsSwissquoteFXCM
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 466 440
Forex Pairs (Total) 78 41
U.S. Stock Trading (Non CFD) Yes No
Int'l Stock Trading (Non CFD) Yes No
Social Trading / Copy Trading Yes Yes
Cryptocurrency (Physical) Yes No
Cryptocurrency (CFD) No Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostSwissquoteFXCM
Average Spread EUR/USD - Standard N/A info 1.38 info
All-in Cost EUR/USD - Active N/A info 1.38 info
Active Trader or VIP Discounts Yes Yes
Execution: Agency Broker Yes Yes
Execution: Market Maker Yes Yes
FundingSwissquoteFXCM
Minimum Deposit $1000 Starts from $50
PayPal (Deposit/Withdraw) Yes Yes
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsSwissquoteFXCM
Proprietary Platform Yes Yes
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
Social Trading / Copy Trading Yes Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) Yes No
cTrader No No
DupliTrade No No
ZuluTrade No Yes info
Trading Platforms Gallery (click to expand)
Trading ToolsSwissquoteFXCM
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 7 13
Charting - Indicators / Studies (Total) 49 59
Charting - Drawing Tools (Total) 16 10
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingSwissquoteFXCM
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing No Yes
Mobile Charting - Indicators / Studies 30 59
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave Yes Yes
Forex Calendar Yes Yes
Mobile Trading Gallery (click to expand)
ResearchSwissquoteFXCM
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes Yes
Autochartist Yes Yes
Trading Central (Recognia) Yes Yes
Social Sentiment - Currency Pairs No Yes
Economic Calendar Yes Yes
Research Gallery (click to expand)
EducationSwissquoteFXCM
Has Education - Forex or CFDs Yes Yes
Client Webinars Yes Yes
Client Webinars (Archived) Yes Yes
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos No Yes
Investor Dictionary (Glossary) Yes Yes
Education Gallery (click to expand)
Major Forex PairsSwissquoteFXCM
GBP/USD Yes Yes
USD/JPY Yes Yes
EUR/USD Yes Yes
USD/CHF Yes Yes
USD/CAD Yes Yes
NZD/USD Yes Yes
AUD/USD Yes Yes
Review Swissquote Review FXCM Review
OverallSwissquoteFXCM
Overall Rating 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 3.5/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 3.5/5 Stars
Platform & Tools 4.5/5 Stars 5/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 4.5/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score 99 96
Winner check_circle
Review Swissquote Review FXCM Review
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Swissquote vs FXCM Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare Swissquote vs FXCM.

Does Swissquote or FXCM offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, FXCM offers better pricing overall for traders.

Is Swissquote or FXCM safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Swissquote holds 4 global Tier-1 licenses, while FXCM holds 3. FXCM holds 3 global Tier-2 licenses, while Swissquote holds 1. In our analysis of 23 international regulators across 50 brokers, Swissquote earned a higher Trust Score than FXCM.

Which trading platform is better: Swissquote or FXCM?

To compare the trading platforms of both Swissquote and FXCM, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FXCM offers a better experience. With research, FXCM offers superior market research. Finally, we found Swissquote to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both Swissquote and FXCM offer MetaTrader 4 (MT4).Swissquote and FXCM both offer copy trading.

How many forex pairs and CFDs are available to trade?

Swissquote provides traders 78 currency pairs (e.g., EUR/USD) compared to FXCM's 41 available pairs. Forex pairs aside, Swissquote offers traders access to 466 CFDs while FXCM has 440 available CFDs, a difference of 26.

Can I trust Swissquote?

Swissquote is a publicly traded company, operates a regulated bank, and is authorised by four tier-1 regulators (high trust), one tier-2 regulator (average trust), and no tier-3 regulators (low trust). Swissquote is authorised by the following tier-1 regulators: Securities Futures Commission (SFC), Monetary Authority of Sinagpore (MAS), Swiss Financial Market Supervisory Authority (FINMA), and the Financial Conduct Authority (FCA).

Can I trust FXCM?

FXCM's parent company is publicly-traded, does not operate a bank, and is authorised by three tier-1 regulators (high trust), three tier-2 regulators (average trust), and zero tier-3 regulators (low trust). FXCM is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA), and via Friedberg Direct, with the Investment Industry Regulatory Organization of Canada (IIROC).

Is Swissquote good?

Traders choose Swissquote for its quality research and vast multi-asset offering โ€“ as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank.

Is FXCM good?

For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average.

Overall winner: Swissquote

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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