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Swissquote vs IronFX 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is Swissquote better than IronFX? 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. IronFX is considered average-risk, with an overall Trust Score of 84 out of 99. Learn more about Trust Score.

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Overall RatingSwissquoteIronFX
Overall Rating 4.5/5 Stars 4/5 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 3.5/5 Stars
Mobile Trading 4.5/5 Stars 3.5/5 Stars
Research 4.5/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score 99 84
Winner check_circle
Review Swissquote Review
RegulationSwissquoteIronFX
Trust Score 99 84
Year Founded 1996 2010
Publicly Traded (Listed) Yes No
Bank Yes No
Authorised in European Union Yes info Yes info
Tier-1 Licenses 4 2
Tier-2 Licenses 1 1
Tier-3 Licenses 0 1
Tier-1 Licenses (High Trust)SwissquoteIronFX
ASIC Authorised (Australia) No Yes
IIROC Authorised (Canada) No No
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)SwissquoteIronFX
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) No Yes
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) Yes No
Tier-3 Licenses (Low Trust)SwissquoteIronFX
SCB Authorised (Bahamas) No No
FSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No Yes
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsSwissquoteIronFX
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 466 340
Forex Pairs (Total) 78 83
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).
CostSwissquoteIronFX
Average Spread EUR/USD - Standard N/A info 1.2
All-in Cost EUR/USD - Active N/A info N/A
Active Trader or VIP Discounts Yes Yes
Execution: Agency Broker Yes Yes
Execution: Market Maker Yes Yes
FundingSwissquoteIronFX
Minimum Deposit $1000 $50
PayPal (Deposit/Withdraw) Yes No
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsSwissquoteIronFX
Proprietary Platform Yes No
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 No
Trading Platforms Gallery (click to expand)
Trading ToolsSwissquoteIronFX
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 7 7
Charting - Indicators / Studies (Total) 49 30
Charting - Drawing Tools (Total) 16 15
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingSwissquoteIronFX
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing No No
Mobile Charting - Indicators / Studies 30 30
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)
ResearchSwissquoteIronFX
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes Yes
Autochartist Yes No
Trading Central (Recognia) Yes Yes
Social Sentiment - Currency Pairs No No
Economic Calendar Yes Yes
Research Gallery (click to expand)
EducationSwissquoteIronFX
Has Education - Forex or CFDs Yes Yes
Client Webinars Yes No
Client Webinars (Archived) Yes Yes
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos No No
Investor Dictionary (Glossary) Yes Yes
Education Gallery (click to expand)
Major Forex PairsSwissquoteIronFX
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
OverallSwissquoteIronFX
Overall Rating 4.5/5 Stars 4/5 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 3.5/5 Stars
Mobile Trading 4.5/5 Stars 3.5/5 Stars
Research 4.5/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score 99 84
Winner check_circle
Review Swissquote Review
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Swissquote vs IronFX 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 IronFX.

Does Swissquote or IronFX 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, IronFX offers better pricing overall for traders.

Is Swissquote or IronFX 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 IronFX holds 2. Both Swissquote and IronFX hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, Swissquote earned a higher Trust Score than IronFX.

Which trading platform is better: Swissquote or IronFX?

To compare the trading platforms of both Swissquote and IronFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Swissquote offers a better experience. With research, Swissquote 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 IronFX offer MetaTrader 4 (MT4).Swissquote and IronFX both offer copy trading.

How many forex pairs and CFDs are available to trade?

IronFX provides traders 83 currency pairs (e.g., EUR/USD) compared to Swissquote's 78 available pairs. Forex pairs aside, Swissquote offers traders access to 466 CFDs while IronFX has 340 available CFDs, a difference of 126.

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 IronFX?

IronFX is not publicly traded and does not operate a bank. IronFX is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). IronFX is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

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 IronFX good?

IronFX has come a long way to rebuild its brand, acquiring multiple regulatory licenses to improve its Trust Score, and creating balanced educational material. That said, pricing is an area where Iron FX has room to further improve as spreads appeared higher than the industry average.

Overall winner: Swissquote

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announcementPlease note:

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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