Swissquote
FXTM
Swissquote vs FXTM
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
Swissquote and FXTM are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. Swissquote, founded in 1996 and headquartered in Gland, Switzerland, is regulated by FINMA and offers spreads starting from 1.1 pips with a minimum deposit of $1000. FXTM, established in 2011 in Limassol, Cyprus, holds licenses from CySEC, FCA, FSA with spreads from 0.0 pips and a $10 minimum deposit. In our hands-on testing across 8 scoring categories, Swissquote scored 8.6/10 overall compared to FXTM's 8/10, making it the stronger pick for most traders. That said, FXTM holds its own with lower trading costs and superior education resources, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
Swissquote scores 8.6/10 overall vs 8/10 for FXTM — a 0.6-point difference.
- 💵
FXTM requires just $10 to start, while Swissquote needs $1000 — FXTM is 100x more accessible.
- 🛡️
FXTM holds Tier 1 regulation (CySEC, FCA, FSA) offering stronger investor protection than Swissquote's Unrated status.
- 📈
Swissquote offers 3,000+ instruments vs 600+ at FXTM — a massive gap in market coverage.
- 🖥️
Swissquote runs on MT4, MT5, Advanced Trader, while FXTM uses MT4, MT5, FXTM Trader App — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Research & Analysis: Swissquote scores 8.5 vs 7.0 for FXTM — a 1.5-point difference.
Our Verdict
Swissquote
Score: 8.6/10 · Wins 4 categories- You need advanced trading platforms and tools
- Top-tier regulation and fund safety are your priority
- You want access to a wider range of instruments
- You rely on in-depth research and analysis tools
FXTM
Score: 8.0/10 · Wins 3 categories- You want lower spreads and trading fees
- You're a beginner who values learning resources
- Fast and flexible deposits & withdrawals are important
- You prefer a low minimum deposit ($10)
Swissquote takes the lead with an overall score of 8.6/10 compared to 8/10, winning in 4 out of 8 scoring categories. Swissquote stands out for better trading platforms and stronger regulation, while FXTM fights back with lower trading costs and superior education resources.
Detailed Verdict
After testing both brokers with real accounts, Swissquote comes out ahead with a 8.6/10 overall rating, winning 4 out of 8 categories. Its strongest area is Regulation & Trust where it scores 10.0/10. Swissquote holds Unrated regulation, though traders should verify the specific entity and jurisdiction covering their account. FXTM is not without merit — it scores 8/10 overall and excels in Regulation & Trust (9.0/10), winning 3 categories. Traders who value lower trading costs or superior education resources may find FXTM the better fit. For a complete breakdown, read our full Swissquote review and FXTM review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
FXTM wins by 1.0 points
Swissquote wins by 0.5 points
Swissquote wins by 1.0 points
FXTM wins by 1.0 points
Swissquote wins by 1.5 points
FXTM wins by 0.5 points
Swissquote wins by 1.5 points
Full Feature Comparison
| Feature | ||
|---|---|---|
| Overall Score | 8.6/10 ✓ | 8.0/10 |
| Min Deposit Lower is better | $1000 | $10 ✓ |
| Max Leverage | 1:100 | 1:2000 |
| Spreads From | 1.1 pips | 0.0 pips |
| Platforms | MT4, MT5, Advanced Trader | MT4, MT5, FXTM Trader App |
| Regulation | FINMA | CySEC, FCA, FSA |
| Founded Older track record highlighted | 1996 ✓ | 2011 |
| Markets | 3,000+ ✓ | 600+ |
Fees & Costs
When it comes to trading costs, FXTM has the edge with a score of 8/10 versus 7/10 for Swissquote. Swissquote offers spreads starting from 1.1 pips, while FXTM starts from 0.0 pips. The minimum deposit at Swissquote is $1000, compared to $10 at FXTM. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
Swissquote scores 8/10 for platforms compared to 7.5/10 for FXTM. Swissquote provides MT4, MT5, Advanced Trader, while FXTM offers MT4, MT5, FXTM Trader App. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. Swissquote is regulated by FINMA (Unrated), while FXTM holds licenses from CySEC, FCA, FSA (Tier 1). Swissquote scores 10/10 and FXTM scores 9/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, FXTM leads with 8.5/10 compared to 7.5/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. Swissquote and FXTM both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
Swissquote offers 24/5 Email, Phone and scores 7.5/10, while FXTM provides 24/5 Live Chat, Email, Phone with a score of 7.5/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
Swissquote scores 7.5/10 for deposits and withdrawals, while FXTM scores 8/10. Swissquote accepts Bank Transfer, Credit Card, and FXTM supports Bank Transfer, Credit Card, Skrill, Neteller. Processing times, fees, and available currencies vary. Swissquote requires a minimum deposit of $1000 versus $10 for FXTM. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose Swissquote if you...
- You need advanced trading platforms and tools
- Top-tier regulation and fund safety are your priority
- You want access to a wider range of instruments
- You rely on in-depth research and analysis tools
Choose FXTM if you...
- You want lower spreads and trading fees
- You're a beginner who values learning resources
- Fast and flexible deposits & withdrawals are important
- You prefer a low minimum deposit ($10)
🗳️ Which Broker Do You Prefer?
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Frequently Asked Questions
Is Swissquote better than FXTM?
Swissquote scores higher overall (8.6/10 vs 8/10), winning 4 of 8 categories. However, FXTM is stronger in lower trading costs and superior education resources. The best choice depends on what matters most to your trading style.
Which has lower fees, Swissquote or FXTM?
FXTM scores higher for trading costs. Swissquote offers spreads from 1.1 pips with a $1000 minimum deposit, while FXTM starts from 0.0 pips with $10 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is Swissquote safe to trade with?
Swissquote is regulated by FINMA and scores 10/10 for regulation. FXTM is regulated by CySEC, FCA, FSA with a score of 9/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, Swissquote or FXTM?
Swissquote scores 8/10 for platforms. Swissquote offers MT4, MT5, Advanced Trader, while FXTM provides MT4, MT5, FXTM Trader App. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for Swissquote vs FXTM?
Swissquote requires a minimum deposit of $1000, while FXTM requires $10. FXTM has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.