Page Summary
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.
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eToro
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. OTC Derivatives are speculative and leveraged. Not suitable for all investors. See PDS and TMD. Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
Swissquote
84.5% of retail investor accounts lose money when trading CFDs with this provider.
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:20 | 1:400 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | $5 | $10 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | $10 a month after one year | 0 |
| Cost Per Trade | N/A | 0 |
| Cost Per Month | N/A | 0 |
| Forex (EUR/USD) | 1.1 pip | 1.6 pips |
| Stocks & ETF | 0 | $9 |
| CFD (Gold) | 5 pip | 5.37 pips |
| Crypto | 0 | 0.50% |
| Options | 0 | $1.49 per contract |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $200 | 0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 2.800 | 60 |
| ETF & Funds | 0 | 9000 |
| Crypto | 30 | 26 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 6 |
| Futures | 0 | 6 |
| Bonds | 0 | 53000 |
| Forex | 49 | 80 |
| CFD Indices & Funds | 250 | 26 |
| CFD Stocks | 2800 | 0 |
| CFD Commodities | 54 | 12 |
| CFD Crypto | 32 | 12 |
| CFD Bonds | 0 | 3 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
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:
- eToro is the leading social trading broker with top-tier licenses and access to major forex pairs.
- Swissquote is a trustworthy forex and CFD broker.
- 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.
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.
eToro compared to other brokers:
Disclaimer:
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.