Swissquote vs FXOpen

Swissquote vs FXOpen Comparison Table 2024
Swissquote FXOpen
4
3.7

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.

FXOpen is a multi-asset broker with regulation from several trustworthy bodies including the UK's FCA. The broker offers CFD trading on forex, stocks, commodities, indices, cryptocurrencies and ETFs via the MetaTrader 4 & 5 and TradingView platforms.

Customer Reviews
5
Comment by Reviewer
"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." "FXOpen is a good, reliable all-round broker with competitive pricing that will especially suit high-volume traders who can benefit from fee discounts."
Pros
  • 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
  • No requotes
  • Phone dealing
  • News trading
  • 600+ instruments
  • True ECN model
  • Scalping permitted
  • Multiple payment methods
  • Bonuses and trading contests
  • Unlimited demo account
  • Copy trading (global traders)
  • Low minimum deposit (global traders)
  • MT4, MT5, TradingView & TickTrader platforms
Cons
  • High minimum deposit of $1000
  • Complex suite of services and tools
  • Higher than average fees on some products
  • Inactivity fee
  • Withdrawal fees apply for some methods
  • No access to all instruments on some accounts
Awards
  • Best ECN Broker 2012 - Masterforex-V
  • Best Forex Broker in Australasia 2011 - World Finance Magazine
  • Best Islamic Forex Broker 2011 - IB Times Trading Awards
  • Best South-East Asia Forex Broker and Best ECN Forex Broker 2011 - IB Times Trading Awards
  • Best Trading Platform 2010 - Falcon Awards
Instruments
Forex, CFDs, Indices, Stocks, ETFs, Bonds, Options, Futures, Cryptos (location dependent) Forex, CFDs, Indices, Commodities, Cryptocurrencies, ETFs, Shares
Demo Account
Yes Yes
Minimum Deposit
$1000
Trading Platforms
  • MT4
  • MT5
  • AutoChartist
  • TradingCentral
  • MT4
  • MT5
  • TradingView
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FCA, FINMA, DFSA, SFC FCA, CySEC, ASIC
Margin Trading
Yes Yes
STP Account
No Yes
ECN Account
Yes Yes
DMA Account
Yes No
MAM Account
Yes No
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
Yes No
Negative Balance Protection
Yes Yes
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Yes Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
Copy Trading Platform
FXOpen offers copy trading, enabling users to follow and copy the positions and strategies of other traders. Myfxbook and ZuluTrade are supported, two of the highest-rated and easiest to use third-party copy trading platforms on the market.
Social Trading
Yes Yes
Trade Signals
Yes
VPS Hosting
Yes Yes
Tournaments
No Yes
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • TRY
  • SEK
  • CHF
  • AED
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • CHF
  • HKD
  • RUB
Stock Exchanges
Commodities
CFD Trading
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. FXOpen offers CFDs on multiple assets including forex, stocks, commodities, indices, cryptocurrencies and ETFs. Leverage and spreads vary by instrument, with spreads starting from zero and fast order execution.
Leverage
1:30 1:30 (EU), 1:500 (Global)
FTSE Spread
0.9 0.8
GBPUSD Spread
1.3 0.2
Oil Spread
0.02 4.0
Stocks Spread
N/A N/A
Forex Trading
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. FXOpen clients can trade 50+ forex pairs (28 on micro accounts) with leverage up to 1:30. Fees are competitive with spreads starting from zero with a small commission on ECN accounts, and slightly wider spreads and no commission on STP accounts.
GBPUSD Spread
1.3 0.2
EURUSD Spread
1.3 0.2
EURGBP Spread
1.5 0.2
Assets
80+ 50+
Cryptocurrency
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. FXOpen offers CFDs on 40 cryptocurrency pairs, including cross-pairs with BTC as well as pairs with various fiat currencies such as GBP, USD and JPY. Crypto CFDs are tradeable with leverage of 1:2. Only pro traders can access crypto derivatives in the UK.
Spread
Variable Variable
Coins
  • BTC
  • LTC
  • BTC
  • ETC
  • XLM
  • REP
  • ADA
  • AAVE
  • ALGO
  • MKR
  • DOT
  • MATIC
  • SAND
  • APE
  • ETH
  • XRP
  • LINK
  • EOS
  • XTZ
  • FILE
  • DOGE
  • ADA
  • AVA
  • BTC
  • BCH
  • ETH
  • LTC
  • ETC
  • EOS
  • DSH
  • XRP
  • IOT
  • XMR
  • NEO
Crypto Lending
Yes No
Crypto Mining
No No
Crypto Staking
Yes No
Auto Market Maker
No No
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