Compare forex brokers FIBO Group VS Swissquote

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

FIBO GROUP VS SWISSQUOTE

FIBO Group
FIBO Group Overview

FIBO Group (Cyprus) is a NDD broker, offering trading in 42 currency pairs Forex and CFDs on precious metals on a selection of trading platforms. This is the trading name of FIBO Group Holdings Limited, registered as a Cyprus Investment Firm (CIF) and licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC).

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 FIBO GROUP 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 FIBO Group 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. FIBO Group offers Online Financial Trading and Investment Services Such as FOREX, Spot Metals, CFDs, 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. FIBO Group is Broker, 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. FIBO Group recommended minimum capital is N/A, 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. FIBO Group is regulated by FSC, CySEC, 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. FIBO Group offers EUR, USD, GBP, CHF, RUB, BTC, Gold, ETH 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. FIBO Group offers English, Chinese, Farsi, Russian, Spanish, German,, 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. FIBO Group offers Credit/Debit Cards, Bafoo, UnionPay, Fasapay, WebMoney, Bank Wire Transfer, Neteller 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, FIBO Group makes MT4, MT5, cTrader available to clients, while Swissquote offers Advanced Trader, MT4, MT5.

The Verdict: FIBO Group 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, FIBO Group is more reliable based on our criteria above. FIBO Group offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. One of the criteria we looked at before opening an account on a forex broker is the minimum deposit amount. FIBO Group broker offers lower minimum deposit requirement. Only FIBO Group provides training and education resources which is extremely critical to beginner traders who may not be familiar with most of what goes on in the Forex markets.

What We Don’t Like 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?