Swissquote vs JFD Bank

Swissquote vs JFD Bank Comparison Table 2024
Swissquote	JFD Bank
Review 4	Review 2.3

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.	JFD Bank is a one-stop multi-asset broker that offers trading on 1500+ instruments from 8 asset classes using the popular MetaTrader 4 and MetaTrader 5 and lesser-known Guidants trading platforms. With more than 60 forex pairs and 400 shares as well as indices, ETFs, commodities and cryptocurrencies, this broker provides the flexibility to build a diverse portfolio.
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."	"JFD Bank will suit traders familiar with the MetaTrader platforms looking to speculate on a wide range of instruments, especially stocks."
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	Powerful MetaTrader software will meet the needs of experienced traders Excellent range of products with 1500+ assets Regulated by the CySEC in Europe Free demo account for new users Commission-free stock trading Award-winning broker
Cons
High minimum deposit of $1000 Complex suite of services and tools Higher than average fees on some products	Customer support is not available on the weekend $500 minimum deposit is high for beginners Wide spreads on some forex pairs
Awards
	Fastest Growing Forex Broker Europe 2020 - Global Banking & Finance Review Best OTC Brokerage Western Europe 2020 - International Business Magazine Fastest Growing Financial service company Western Europe 2020 - International Business Magazine
Instruments
Forex, CFDs, Indices, Stocks, ETFs, Bonds, Options, Futures, Cryptos (location dependent)	Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs
Demo Account
Yes	Yes
Minimum Deposit
$1000	$500
Trading Platforms
MT4 MT5 AutoChartist TradingCentral	MT4 MT5
Payment Methods
Credit Card Debit Card Mastercard Visa Wire Transfer	Credit Card Mastercard Neteller SafeCharge Skrill Sofort Visa
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
FCA, FINMA, DFSA, SFC	CySEC, VFSC, BaFin
Margin Trading
Yes	No
STP Account
No	No
ECN Account
Yes	No
DMA Account
Yes	Yes
MAM Account
Yes	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
Yes	No
Negative Balance Protection
Yes	No
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
iOS & Android	Yes
Auto Trading
Yes	Yes
Copy Trading
No	Yes
Copy Trading Platform
	JFD Bank offers mirror trading to retail investors with multiple providers and strategies to copy.
Social Trading
Yes	Yes
Trade Signals
	Yes
VPS Hosting
Yes	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
Yes	No
Account Currencies
USD EUR GBP CAD AUD JPY TRY SEK CHF AED	USD EUR GBP CHF
Stock Exchanges
CAC 40 Index France DAX GER 40 Index Dow Jones FTSE UK Index Japan Exchange Group S&P 500 SIX Swiss Exchange
Commodities
Gasoline Gold Oil Palladium Platinum Silver	Gold Silver
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.	CFD trading on stocks, indices, commodities, ETFs and crypto, with leverage up to 1:30 for retail traders or 1:400 for professionals. Zero-fee CFDs are available on stocks and crypto, and spreads are floating.
Leverage
1:30	1:400
FTSE Spread
0.9	6.0
GBPUSD Spread
1.3	3.5
Oil Spread
0.02	Floating
Stocks Spread
N/A	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.	66 forex pairs are available including majors, minors and exotics. Spreads are variable and relatively wide at 3.5 for GBP/USD and 1.8 for EUR/USD when tested, and leverage for retail traders is limited by regulatory restrictions to 1:30.
GBPUSD Spread
1.3	3.5
EURUSD Spread
1.3	1.8
EURGBP Spread
1.5	1.3
Assets
80+	66
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.	JFD Bank offers CFDs on a narrow selection cryptocurrency pairs: BTC/USD, BCH/USD, ETH/USD and LTC/USD. Spreads are variable and clients can trade cryptos 24/7.
Spread
Variable	Floating
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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