Home Brokers comparison Plus500 vs. Swissquote

Plus500 vs. Swissquote

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Plus500 and Swissquote are popular online brokers with excellent trading experiences. Plus500 has top-tier licenses from MAS, FCA, and ASIC. It offers professional trading tools and some educational data. We recommend it for experienced traders as it has premium trading platforms and tools. 

Broker NamePlus500Swissquote
Year Founded20081996
RegulationFCA, ASIC, CySEC, FSCA, FMA, MAS, FSASFC (Hong Kong), MAS (Singapore), FINMA (Suisse), FCA (UK)
Tradable AssetsForex, Commodities, Individual shares, ETFs, Options, Cryptocurrencies.78 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$100$1,000
Min Trade$0$0
PlatformsWeb, MobileAdvanced Trader (proprietary), MT4 suite, MT5 trading suite
DepositFree of charge$1,000
WithdrawalsFree of charge$0

Swissquote is a trustworthy forex and CFD broker. It has many tradable assets, including cryptocurrency trading. Swissquote offers a proprietary platform and the MetaTrader suites (MT4 and MT5). Traders of all levels of experience have access to valuable trading tools. 

Both online brokers have advantages and disadvantages. This article discusses the differences between Plus500 and Swissquote. 

Top findings from the Plus500 vs. Swissquote review: 

  1. Plus500 is a safe broker with a professional platform and trading tools. 
  1. Swissquote is a versatile broker with different account tiers and learning materials. 
  1. Both brokers have a proprietary platform and offer a demo account. 

We recommend Plus500 to experienced traders, as its educational and research tools are limited. Swissquote is a good choice for traders of all levels because of its straightforward platforms. 

Overall Rating

FeaturePlus500 Swissquote
Overall44
Commissions & Fees43.5
Offering of Investments44.5
Platforms & Tools44
Mobile Trading44
Research34
Education33.5
Trust Score9899
WinnerYES
72% of retail CFD accounts lose money79% of retail CFD accounts lose money

Level of experience  

Plus500 is a top choice for professional traders. It offers an excellent online trading experience, as it has professional platforms and tools. Plus500 doesn’t have educational materials and tools. This broker offers a demo account and some trading tools, including charting and watch lists. 

Swissquote is a top choice for inexperienced traders. It offers a proprietary platform, virtual trading, and social trading. Swissquote offers both professional and beginner-friendly features. This broker offers an impressive trading experience for all traders. 

Fees 

Plus500 has a smaller initial deposit fee of €100, while Swissquote has a $1000 minimum deposit. Swissquote has an active trader discount, while Plus500 doesn’t. Both brokers follow a transparent fee policy. 

Assets  

Swissquote has 78 forex currency pairs, while Plus500 has 50 available. Plus500 provides access to 2033 CFDs, while Swissquote has 49 available. 

Trading platform  

Plus500 has a proprietary platform, a web, and a desktop platform. It offers some research and educational tools. Plus500 is a broker with an excellent trading experience and professional tools. It is a good choice for experienced traders. 

Swissquote has a proprietary desktop and a web platform. It offers premium services, including social trading and access to the MetaTrader suite. Swissquote offers valuable learning and research tools and a virtual trading account. This broker is a good choice for both professional and beginner traders. 

Banking services  

Banking services are an important benefit when trading online. Both brokers offer bank transfers, Skrill, PayPal, and credit/debit cards for depositing and withdrawals. These funding options contribute to a smooth trading experience. 

Final verdict  

Plus500 and Swissquote are popular online brokers. Both have strengths and weaknesses, depending on your trading experience and needs. We recommend Plus500 to professional traders, as it lacks a dedicated learning center. Swissquote is a good fit for beginner and experienced traders. It has a high minimum deposit fee, which might not be accessible to all investors. 

Plus500 compared to other brokers:


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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