XM Group vs. Swissquote

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XM Group and Swissquote are leading online brokers. XM is a popular MetaTrader broker with beginner-friendly services. This broker has top-tier licenses from the FCA, ASIC, IFSC, and CySEC. XM offers impressive educational content and market research. We recommend it for beginner investors. 

Swissquote is a versatile online broker with premium services. It has many tradable assets, including cryptocurrency trading. Swissquote has a professional proprietary platform and the MetaTrader suites. It is an excellent choice for professional traders. 

Both brokerage firms have strengths and weaknesses. This article discusses the differences between XM Group and Swissquote. 

Broker NameXM GroupSwissquote
Year Founded20091996
RegulationASIC, FCA, CySEC, IFSCSFC (Hong Kong), MAS (Singapore), FINMA (Suisse), FCA (UK)
Tradable AssetsForex, CFD78 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$5-100$1000
Min Trade$0$0
PlatformsMT4, MT5Advanced Trader (proprietary), MT4 suite, MT5 trading suite
DepositFree of charge$1000
WithdrawalsFree of charge$0

Top findings from the XM Group vs. Swissquote review:  

  1. XM is a beginner-friendly broker with many learning materials and research tools. 
  1. Swissquote is a professional online broker with a high minimum deposit fee. 
  1. Both brokers offer access to a virtual trading account to test their offering. 

We recommend XM Group to beginner traders, as it offers a dedicated learning center. Swissquote is a better fit for professional investors because of its world-class trading platforms. 

Level of experience  

XM is a popular choice for new traders as it offers access to the full MetaTrader suite. It has investor trading support and a demo account. XM has many learning tools, including articles and trading videos. 

Swissquote is a top choice for professional traders. It has a proprietary platform and social trading services. Swissquote offers access to professional trading tools, but it charges a high initial deposit fee. 

Fees  

The initial deposit fee at XM starts at $5, depending on the funding option you prefer. Swissquote has an expensive minimum deposit of $1000, but it offers an active trader discount. 

Assets  

Swissquote has 78 forex currency pairs, while XM offers 57 pairs. XM provides access to 1372 CFDs, while Swissquote has 49 available CFDs. 

Trading platform  

XM is a MetaTrader broker with access to the MT4 and MT5 suites. These are highly customizable and easy to learn. XM has a valuable research center with trading signals and charting. This broker offers diverse educational content, which is why it is a good fit for beginner investors. 

Swissquote has a proprietary desktop and web platform. It provides premium services with excellent social trading tools. Swissquote is a good choice for active professional traders. 

Banking services  

Banking services represent an asset when trading online. Swissquote has many funding solutions, including bank transfers, credit/debit cards, PayPal, and Skrill. XM offers bank transfers, credit/debit cards, and Skrill. 

Final verdict  

XM Group and Swissquote are leading online brokers. Both have advantages and disadvantages, depending on your trading experience and skills. We recommend XM Group to new traders, as it has many learning materials. Swissquote is a better choice for active and professional traders because of its high minimum deposit. 

XM compared to other brokers:

XM review


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.