Page Summary
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.
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XM
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 | 1:888 | 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 | 0 | 0 |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 1.6 pips | 1.6 pips |
| Stocks & ETF | 0,1% – (min $5) | $9 |
| CFD (Gold) | 3 pips | 5.37 pips |
| Crypto | 0.50% | |
| Options | 0 | $1.49 per contract |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $5 | 0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 100 | 60 |
| ETF & Funds | 0 | 9000 |
| Crypto | 0 | 26 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 6 |
| Futures | 0 | 6 |
| Bonds | 0 | 53000 |
| Forex Instruments | 55 | 80 |
| CFD Indices & Funds | 14 | 26 |
| CFD Stocks | 1286 | 0 |
| CFD Commodities | 14 | 12 |
| CFD Crypto | 5 | 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
Top findings from the XM Group vs. Swissquote review:
- XM is a beginner-friendly broker with many learning materials and research tools.
- Swissquote is a professional online broker with a high minimum deposit fee.
- 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