Swissquote vs Interactive Brokers

Swissquote vs Interactive Brokers Comparison Table 2023
Swissquote Review 2023 Interactive Brokers Review 2023
4
4.3

Interactive Brokers is #13 in our CFD broker rankings.

United States Flag Traders from US not accepted
United States Flag Traders from US accepted

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.

Interactive Brokers is a leading global brokerage that provides access to a comprehensive offering of stocks as well as forex, futures, metals, bonds and cryptos. The firm has over 40 years experience in the online trading industry and is heavily regulated by SEC, FCA, IIROC, and SFC. Traders use the proprietary Trader Workstation and can access powerful tools and data feeds as well as comprehensive educational resources.

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." "Serious traders seeking a regulated broker with unparalleled access to stock markets should look at IB. Their range of stocks can't be beaten."
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
  • Gives retail traders unmatched access to global stocks with tens of thousands available from 100+ market centres in 24 countries
  • Direct market access, including to the FTSE 100 index, the CAC 40 and Germany’s DAX 40
  • You can trade from multiple account types, such as IRA, single registered, joint
  • Proprietary workstation comes with powerful tools and charting capabilities
  • Regulated by some of the world's most reputable bodies including in US
  • You have a reliable real-time market data feed, that rarely goes offline
  • Diverse payment options and account currencies
  • Commission reimbursement with Toggle AI
  • Low commissions and tight spreads
Cons
  • High minimum deposit of $1000
  • Complex suite of services and tools
  • Higher than average fees on some products
  • Due to the pricing structure, this firm can be more expensive for aggressive traders who trade over $100,000 shares a day
  • Platform and web interface are complex and difficult for beginners to pick up
  • Accessing products like CFDs is not straightforward compared to competitors
  • The TWS platform falls short in terms of technical charting
  • Mediocre customer support
Instruments
Forex, CFDs, Indices, Stocks, ETFs, Bonds, Options, Futures, Cryptos (location dependent) Stocks, Futures, E-minis, Options, CFD, Forex, Crypto, Exchange Linked Warrants
Demo Account
Yes Yes
Minimum Deposit
$1000 $0
Trading Platforms
  • MT4
  • MT5
  • AutoChartist
  • TradingCentral
  • AlgoTrader
  • OmniTrader
  • eSignal
  • TradingCentral
Payment Methods
Minimum Trade
0.01 Lots $100
Regulator
FCA, FINMA, DFSA, SFC SEC, FCA, IIROC, SFC
Margin Trading
Yes Yes
Margin Rate
1.55 - 2.59%
STP Account
No Yes
ECN Account
Yes No
DMA Account
Yes Yes
MAM Account
Yes Yes
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No Yes
Robo Advisor
Yes No
Negative Balance Protection
Yes No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS, Android and Windows
Auto Trading
Yes
Copy Trading
No No
Social Trading
Yes No
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • TRY
  • SEK
  • CHF
  • AED
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • INR
  • JPY
  • SEK
  • NOK
  • DKK
  • CHF
  • HUF
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. Trade leveraged CFDs on thousands of global stocks as well as 13 global indices, 80+ forex pairs, and London gold and silver. Leverage is available in line with regulatory requirements.
Leverage
1:30 1:50
FTSE Spread
0.9 0.005% (£1 Min)
GBPUSD Spread
1.3 Commission (.20 pts x trade value)
Oil Spread
0.02 N/A
Stocks Spread
N/A From 0.003 per share, variable
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. Trade 85 major, minor and exotic forex pairs via CFDs on IB's FXTrader platform with tight spreads and low commissions, or trade forex on the spot market. They offer more FX assets than almost any competitor.
GBPUSD Spread
1.3 Commission (.20 pts x trade value)
EURUSD Spread
1.3 Commission (.20 pts x trade value)
EURGBP Spread
1.5 Commission (.20 pts x trade value)
Assets
80+ 70+
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. Buy and hold Bitcoin, Bitcoin Cash, Ethereum and Litecoin with low commissions of 0.12%–0.18%. Fees are low and the broker offers a secure environment to invest in digital assets.
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
  • LTC
  • ETH
  • XRP
Crypto Lending
Yes No
Crypto Mining
No No
Crypto Staking
Yes No
Auto Market Maker
No No
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