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eToro vs. Swissquote

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eToro and Swissquote are top online brokers with impressive trading experiences. eToro is the leading social trading broker with premium tools. It is a trustworthy broker with licenses from the FCA, ASIC, and CySEC. eToro offers a unique proprietary platform, a web platform, and a dedicated social trading space. It is a top choice for advanced traders as it provides limited educational tools. 

Broker NameeToroSwissquote
Year Founded20071996
RegulationFCA, ASIC, CySECSFC (Hong Kong), MAS (Singapore), FINMA (Suisse), FCA (UK)
Tradable AssetsStock, ETF, Forex, Fund, Bond, Options, Futures, CFD, Crypto, Warrants, Structured Products78 forex currency pairs, 17 CFD commodities, 1,500 CFD pairs, 60 CFD stock indices, and 55,000  bonds, 6 options and 6 features
Min Deposit$200$1000
Min Trade$0$0
PlatformsWeb, Social Trading
Advanced Trader (proprietary), MT4 suite, MT5 trading suite
DepositFree of charge$1000
WithdrawalsFree of charge$0

Swissquote is a secure forex and CFD broker. It offers many tradable assets, including cryptocurrency trading. Swissquote has a proprietary platform and the MetaTrader suites. It is a top choice for traders of all levels of experience because of its valuable trading tools. 

Both online brokers have strengths and weaknesses. This article discusses the differences between eToro and Swissquote.   

Top findings from the eToro vs. Swissquote review:  

  1. eToro is the leading social trading broker with top-tier licenses and access to major forex pairs. 
  1. Swissquote is a trustworthy forex and CFD broker. 
  1. Both brokers offer a demo account to test their offerings. 

We recommend eToro for professional traders, as it provides premium tools and platforms. Swissquote is a good fit for traders of all levels because of its straightforward platforms. 

Overall Rating

FeatureeToroSwissquote
Overall44
Commissions & Fees43.5
Offering of Investments4.54.5
Platforms & Tools44
Mobile Trading44
Research44
Education43.5
Trust Score9399
WinnerYES
67% of retail CFD accounts lose money79% of retail CFD accounts lose money

Level of experience  

eToro is an excellent social trading broker with premium research tools. It offers market commentary, social sentiment, and an economic calendar. eToro has limited research and education tools, which is why we recommend it for advanced traders. 

Swissquote is a beginner-friendly broker, but it has a high minimum initial deposit fee. It offers a proprietary platform, virtual trading, and social trading. Swissquote offers an excellent trading experience with beginner-friendly and professional features. 

Fees  

The initial deposit fee at eToro is $200, while at Swissquote is $1000. Both brokers have a transparent fee policy and offer an active trader discount. 

Assets  

eToro has 47 forex currency pairs, while Swissquote offers 78 pairs. eToro provides access to 2314 CFDs, while Swissquote has 49 available CFDs. 

Trading platform

eToro has a proprietary platform and an impressive mobile app. It offers a premium social trading experience with excellent research tools. eToro is an excellent choice for professional traders, as its market data and trading tools are limited. 

Swissquote offers a proprietary desktop and web platform. It has premium services, including the MetaTrader suite and social trading tools. Swissquote is a good choice for both beginner and professional traders. 

Banking services  

Banking services represent an asset when trading online. Both brokers offer bank transfers, credit/debit cards, Skrill, and PayPal for depositing and withdrawals. These funding solutions support a smooth trading experience. 

Final verdict  

eToro and Swissquote are top online brokers. Both have advantages and disadvantages, depending on your trading skills and experience. We recommend eToro to professional traders, as it has limited learning materials. Swissquote is a good choice for traders of all levels of experience. It has a high minimum deposit fee, which might not be accessible to all investors. 


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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