This contrast overview assists individuals that have a hard time to pick in between Plus500 and Swissquote to discover the most effective online broker for their trading and financial investment needs. It evaluates the highlights of both brokers alongside to aid individuals contrast their service and make a notified choice.
To aid users select the right broker in between Plus500 and Swissquote to discover the best-suited platform, listed below is a checklist of broker’s pros and cons, followed by a contrast of their major trading functions, including trading systems & devices, charges, mobile trading, down payment & withdrawal, properties, guideline, and customer support.
Plus500 vs. Swissquote: Summary
Plus500 is a reputable CFD online broker licensed by the DFSA(F005651). They offer access to a wide range of assets including 2,800 CFDs on stocks & ETFs, cryptos, futures, forex, commodities, and indices. The Plus500 trading platform offers basic trading tools including Technical analysis charts, real-time quotes, quick buy and sell options from the same window and 3 order different types (market, limit stop order).
Plus500 trading fees are average compared to similar forex and CFD brokers. They charge an average spread of 0.8 pips (EUR/USD) without any commission. Plus500 charges non trading fees in the form of overnight fees, currency conversion fees, guaranteed stop order fees, and inactivity fees.
Plus500’s customer service is available 24/7 (even during the weekends and holidays) by phone, email, WhatsApp, and live chat.
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
- Low minimum deposit ($100)
- Competitive spread of 0.8 pips EUR/USD
- Multiple order types and technical indicators
- Excellent customer service
- Negative balance protection
- Intuitive mobile trading app
Cons
- Relatively high fees compared to other brokers
- Limited markets
- Limited charting tools and features
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 3,000 CFDs
- Beginner-friendly demo account and educational resources
- Low, floating spreads from 0.8 pips EUR/USD
- Advanced (conditional) order types available such as GSOs and TSOs
- Free unlimited demo paper trading account
- Fast account opening
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
Plus500 vs. Swissquote Comparison
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Plus500
Swissquote
84.5% of retail investor accounts lose money when trading CFDs with this provider.
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:30 | 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
| Withdrawal Fee | 0 | $10 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | $10 | 0 |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 0.8 pips | 1.6 pips |
| Stocks & ETF | 0 | $9 |
| CFD (Gold) | 7.2 pips | 5.37 pips |
| Crypto | 0 | 0.50% |
| Options | 0 | $1.49 per contract |
| Conversion Fees | 0 | |
| Misc. Fees | 0 | |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $100 | 0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| 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 |
| CFDs on Forex Instruments | 60 | 80 |
| CFD Indices & Funds | 430 | 26 |
| CFD Stocks | 1000 | 0 |
| CFD Commodities | 22 | 12 |
| CFD Crypto | 0 | 12 |
| CFD Bonds | 0 | 3 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
Plus500 vs. Swissquote Comparison Conclusion
The results of our comparison of Plus500 vs. Swissquote are wrapped up in the table listed below.
| Broker: | Best For: |
| Plus500 | CFD trading and investing |
| Swissquote | Investors |
Picking the appropriate choice in between Plus500 and Swissquote can be difficult. Both online brokers have similarities but vary regarding trading tools, platforms & apps, guideline, down payment & withdrawals, and research study and education and learning. Selecting the very best broker depends upon individuals’ trading & financial investment goals, 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.