FXCM vs Swissquote

FXCM vs Swissquote Comparison Table 2024
FXCM Swissquote
3.5
4
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

FXCM is a respected forex and CFD broker, established since 1999. The British-headquartered broker has won multiple awards and operates in various jurisdictions, including the UK and Australia. With zero commissions, over 400 assets, and a range of analysis tools, FXCM remains a popular choice for day traders. The broker is also regulated by top-tier authorities including the FCA and ASIC.

Swissquote is a Switzerland-based bank and broker that offers online trading and investing. The company has a high safety score and is listed on the Swiss stock exchange. The firm offers a huge range of products, from stocks, ETFs, bonds and futures to 400+ forex and CFD assets. Hundreds of thousands of traders have opened an account with the multi-regulated brokerage. Clients can get started in three easy steps while 24/7 customer support is available to assist new users.

Comment by Reviewer
"FXCM maintains its position as a top pick for traders deploying automated trading strategies, with four powerful platforms, strategy backtesting and algo trading through APIs. The broker is also great for active traders, with discounted spreads and low to zero commissions on popular assets." "We recommend Swissquote for experienced traders due to the $1000 minimum deposit and advanced trading tools. Swissquote is also a good option for investors looking for a sophisticated robo-advisory service."
Pros
  • Alongside the 4 charting platforms, FXCM also offers a market-leading range of specialist software for experienced investors, including QuantConnect, AgenaTrader and Sierra Chart
  • The proprietary Trading Station terminal is a good choice for day traders looking for an all-in-one solution for their short-term and automated trading strategies
  • Traders can utilize several top-tier trading tools including a market scanner, forex signals and third-party research site, eFXPlus
  • FXCM’s global reputation is impressive, with licenses from the FCA, ASIC, CySEC and FSCA and a 20-year business history
  • A range of funding methods are available including bank cards, Apply Pay and PayPal, with instant processing times
  • The broker offers spread discounts and other excellent perks for experienced traders in the Active Trader account
  • FXCM has expanded its range of trading opportunities with 24-hour stock CFDs through MetaTrader 4
  • Huge range of products including CFDs, futures and options
  • Scalping, day trading and swing trading strategies supported
  • Swiss-listed and regulated with a strong track record
  • Ebanking and cryptocurrency Bitcoin exchange services
  • Multi-currency account with 22 currencies
  • MetaTrader 4 and MetaTrader 5 integration
  • Autochartist and Trading Central tools
  • Free demo account
  • FCA-regulated
  • APIs
Cons
  • Although FXCM continues to gear their services towards experienced traders, it’s a shame that there are no managed accounts on offer
  • There is no choice of retail accounts for traders, nor any Cent/Micro account options
  • The live chat support can be slow and unreliable compared to the top competitors
  • High minimum deposit of $1000
  • Complex suite of services and tools
  • Higher than average fees on some products
Instruments
CFDs, Forex, Stocks, Cryptos, Commodities Forex, CFDs, Indices, Stocks, ETFs, Bonds, Options, Futures, Cryptos (location dependent)
Demo Account
Yes Yes
Minimum Deposit
$50 $1000
Trading Platforms
  • Trading Station
  • MT4
  • TradingView
  • eSignal
  • MT4
  • MT5
  • AutoChartist
  • TradingCentral
Payment Methods
Minimum Trade
Variable 0.01 Lots
Regulator
FCA, CySEC, ASIC FCA, FINMA, DFSA, SFC
Margin Trading
Yes Yes
STP Account
No No
ECN Account
No Yes
DMA Account
No Yes
MAM Account
Yes Yes
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No Yes
Negative Balance Protection
Yes Yes
Market Maker
Yes Yes
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS and Android iOS & Android
Auto Trading
Yes
Copy Trading
Yes No
Copy Trading Platform
FXCM offers social and copy trading on forex, CFDs and cryptos through the hugely popular ZuluTrade platform. The sign-up process is quick and you can track your performance in real-time.
Social Trading
Yes Yes
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
Yes No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • ZAR
  • CHF
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • TRY
  • SEK
  • CHF
  • AED
Stock Exchanges
Commodities
CFD Trading
You can trade a range of CFD instruments across forex, shares, indices and commodities. There’s an excellent selection of platforms for day traders, including TradingView and MT4, plus additional tools for experienced algo traders including API solutions. Swissquote offers spot, forward and synthetic contracts on a breadth of markets, including stocks, indices, bonds and commodities. The pricing model is transparent with no hidden fees. Clients can diversify portfolios and hedge risk with low margin requirements.
Leverage
1:30 1:30
FTSE Spread
1.18 pts var* 0.9
GBPUSD Spread
0.5 pips* 1.3
Oil Spread
0.05 (var)* 0.02
Stocks Spread
0.2% Var* N/A
Forex Trading
FXCM offers an average range of 40+ currency pairs, although there are no commissions and spreads are competitive from 0.78 pips for EUR/USD. The broker also offers 3 forex baskets covering USD, Yen and emerging markets benchmarks. Swissquote offers trading on a huge range of forex assets, covering 80+ currency pairs. Spreads start from 1.3 pips with the Premium account and there are zero commissions. Micro, mini and standard lot sizes are available plus options contracts on major currencies.
GBPUSD Spread
0.5 pips var* 1.3
EURUSD Spread
0.2 pips var* 1.3
EURGBP Spread
0.5 pips var* 1.5
Assets
40 80+
Currency Indices
  • JPY
Cryptocurrency
You can trade some of world's most popular digital coins with zero commission and leverage up to 1:4. FXCM also stands out for its crypto major basket which offers exposure to Bitcoin, Ethereum, Litecoin and Bitcoin Cash in one trade. Swissquote offers online trading on a decent selection of 35+ cryptos 24/7. The digital asset class provides high volatility within a regulated trading environment at Swissquote. A digital wallet is also available to securely store tokens.
Spread
Variable Variable
Coins
  • BTC
  • ETH
  • LTC
  • BTC
  • BTC
  • LTC
  • BTC
  • ETC
  • XLM
  • REP
  • ADA
  • AAVE
  • ALGO
  • MKR
  • DOT
  • MATIC
  • SAND
  • APE
  • ETH
  • XRP
  • LINK
  • EOS
  • XTZ
  • FILE
  • DOGE
  • ADA
  • AVA
Crypto Lending
No Yes
Crypto Mining
No No
Crypto Staking
No Yes
Auto Market Maker
No No
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