Compare forex brokers eToro VS Swissquote

If you're choosing between eToro and Swissquote forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is eToro better than Swissquote? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

ETORO VS SWISSQUOTE

eToro
eToro Overview

eToro is an online trading platform that was founded in 2007. eToro is the pioneering online broker for social trading. They also offer self trading. They are regulated by FCA, CySEC and ASIC.

Swissquote
Swissquote Overview

Swissquote Bank is an online bank as well as a forex and CFD brokerage that provides services to private individuals and institutional traders. Established in Switzerland in 1996 it offers a great way to trade online using the Swiss model of investment.

# Broker's Features ETORO Availability SWISSQUOTE Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare eToro vs Swissquote.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. eToro offers Online Financial Trading and Investment Services Such as Bitcoin, while Swissquote offers Currencies, Commodities, Indices, Bonds.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. eToro is Market Maker, No dealing desk, STP, while Swissquote is Bank, Dealing Desk, Market Maker, No dealing desk,.

Minimum Deposit Requirement: To compare these two FX brokers, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. eToro recommended minimum capital is 50, while Swissquote has a Minimum Deposit Requirement of .

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. eToro is regulated by NFA, CySEC, ASIC, CFTC, MiFID, FCA, while Swissquote regulated by DFSA, FINMA, SFC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Account currencies: Next lets consider the Account currencies each broker offers. eToro offers EUR, USD, GBP, JPY, CHF different account currencies for each account types, while Swissquote offers account currencies.

Languages Available: Next lets have a look at each broker's different Language options. eToro offers English, French, Spanish, German, Russian, Italian, while Swissquote offers Arabic, Chinese, English, French, German, Italian, Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. eToro offers Credit/Debit Cards, PayPal, Bank Wire Transfer, Bitcoin different payment methods for each account types, while Swissquote offers Credit/Debit Cards, Bank Wire Transfer payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, eToro makes eToro webTrader, etoro Openbook, eToro Mobile Trad available to clients, while Swissquote offers Advanced Trader, MT4, MT5.

The Verdict: eToro or Swissquote?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Swissquote is more reliable based on our criteria above. Swissquote has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. Only Swissquote Offers the MetaTrader Platform. MetaTrader platform is a comprehensive trading platform that is often touted as being the best for forex trading. A popular, versatile and unique tool. Swissquote offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. Swissquote has a wider range of languages in which customer service is offered making the broker more accessible. As a market maker, Swissquote may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

What We Really Like on Swissquote

Swissquote scores high on safety with being a listed Swiss broker having a banking license. You can access a lot of markets and products including bonds, and funds. Its account opening is fully digital

What We Don’t Like on eToro

eToro has an unreliable customer service, and its trading platform freezes sometimes. Also, education tools are very limited.

What We’d Like More on Swissquote

Swissquote's fees are high. Its trading platform is overcomplicated, and the better part of its research is not free.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.

Are you Satisfied with what They Offer?