IC Markets vs. Swissquote Comparison

This comparison guide assists customers that struggle to pick in between IC Markets and Swissquote to discover the very best online broker for their trading and financial investment demands. It evaluates the highlights of the two brokers side by side to aid users compare their service and make an informed decision.

To help customers pick the right broker between IC Markets and Swissquote to find the best-suited system, below is a checklist of broker’s benefits and drawbacks, complied with by a contrast of their major trading attributes, consisting of trading systems & devices, charges, mobile trading, deposit & withdrawal, properties, law, and customer support.

IC Markets vs. Swissquote: Summary

IC Markets logo

IC Markets is a reputable forex and CFD broker regulated by two tier-one regulators (the ASIC and CySEC). They allow users to trade on over 3,500 symbols including 61 forex pairs and dozens of CFDs on cryptocurrencies, shares and indices.

IC Markets features multiple trading platforms and third party plugins including MetaTrader 4 (MT4), MetaTrade 5 (MT5), cTrader, myfxbook and AutoTrade. They also offer scalable order execution options without requotes and possibilities to place trades within the spread, which makes IC Markets an interesting choice for algorithmic traders.

IC Markets trading fees are among the lowest in the industry. They charge an average spread of 0.2 pips (EUR/USD) without extra commission. They also offer discounts to active traders with a trade volume above 100 lots/month.

IC Markets customer service is available by email, phone, and live chat in English, Arabic, and several other languages.

Swissquote logo

Swissquote is a low risk forex and CFD online broker, regulated by 4 top-tier financial regulators. It is a great choice for traders who are looking for high quality research, daily market updates, a great variety of tradable assets and account security on a Swiss bank.

Their Advance Trader proprietary trading platform suite is available as desktop, web and mobile version. Together with the MetaTrader platform suite, it delivers an excellent trading experience for traders and investors at all levels. Minimum deposit is $1000 and trading fees are above industry average. Swissquote operates a bank.

Choose Swissquote if you are looking to trade physical cryptos with a highly trusted online broker that also offers great banking services.

Pros

  • MT4, MT5 and cTrader integration
  • Competitive spreads from 0,0 pips EUR/USD
  • Copy trading features (DupliTrade and Zulutrade)
  • Up to 1:500 leverage
  • Free Equinix NY4 VPS server

Cons

  • Limited educational material
  • Limited availability of assets
  • No research and analysis tools

Pros

  • Great choice of trading instruments offered
  • Very good research and education
  • Great For Mobile Trading

Cons

  • Few deposit and withdrawal option

Key features

  • Access to over 2,000 CFDs on forex, cryptos and stocks
  • Compatible with MT4, MT5 and cTrader
  • Islamic swap-free account availability
  • Raw spreads from 0,0 pips EUR/USD
  • Fast and reliable trade execution
  • Access to Expert Advisors (EA’s) and other forms of automated trading

Key features

  • Access to 3,000 + financial instruments
  • Full MetaTrader Integration (MT4, MT5 and Advanced Trader)
  • Wide range of advanced trading tools and features
  • No inactivity fees
  • Algorithmic trading availability

IC Markets vs. Swissquote Comparison

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IC Markets logo

IC Markets

Open account Read review

73.59% of retail CFD accounts lose money

Swissquote logo

Swissquote

Open account Read review

84.5% of retail investor accounts lose money when trading CFDs with this provider.

BROKER COMPARISON

IC Markets logo
Swissquote logo

Overall rating

4,5/5

4,2/5

Overall rating

4,5/5

4,2/5

Trading Platform & Tools

4.4

4.2

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:500 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

4.7

3.0

See details
Withdrawal Fee 0 $10
Deposit Fee 0 0
Inactivity Fee 0 0
Cost Per Trade $3.5 per lot 0
Cost Per Month 0 0
Forex (EUR/USD) 0 1.6 pips
Stocks & ETF 0 $9
CFD (Gold) 0 5.37 pips
Crypto 0 0.50%
Options 0 $1.49 per contract
Conversion Fees 0
Misc. Fees 0
Overnight Fees 0

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.8

1.9

See details
Minimum deposit (in UAE) $200 0
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

3.6

4.9

See details
Shares 0 60
ETF & Funds 0 9000
Crypto 0 26
Commodities 0 0
Indices 0 0
Options 0 6
Futures 0 6
Bonds 0 53000
Forex 61 80
CFD Indices & Funds 25 26
CFD Stocks 730 0
CFD Commodities 22 12
CFD Crypto 18 12
CFD Bonds 11 3
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.8

5.0

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

3.7

4.5

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

IC Markets vs. Swissquote Comparison Conclusion

The results of our contrast of IC Markets vs. Swissquote are involved the table below.

Broker:Best For:
IC MarketsForex and CFDs; Algorithmic Trading
SwissquoteInvestors

Choosing the best choice between IC Markets and Swissquote can be hard. Both on the internet brokers have similarities but differ regarding trading instruments, platforms & apps, regulation, deposit & withdrawals, and research study and education and learning. Choosing the best broker depends on individuals’ trading & financial investment objectives, private choices, and experience level.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

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