XTB vs Swissquote - Fees Review included
Which broker is better XTB or Swissquote? Our expert assessment conducted according to TU’s own methodology showed that XTB is one of the top brokers in the financial market with the TU Overall Score of 6.33 out of 10. Swissquote is one of the top brokers in the financial market with the TU Overall Score of 6.93 out of 10. Find out more about TU Overall Score.
| Feature | XTB | Swissquote |
|---|---|---|
Overall |
4.3 |
4.3 |
4.7 |
4.8 |
|
3.8 |
3.6 |
|
4.7 |
5 |
|
Investment Instruments |
1 |
4.3 |
Platforms and Charting Tools |
4.4 |
4.7 |
Deposit and Withdrawal |
4.8 |
4.0 |
Research |
4.1 |
4.5 |
Education |
4.4 |
4.6 |
Support |
4.5 |
4.0 |
Bonuses |
4.6 |
3.6 |
|
|
XTB vs Swissquote: Pros and Cons
The X Trade Brokers (hereinafter “XTB”) is registered in Belize and provides a fairly extensive list of financial services to traders. The company was incorporated in 2002 and its financial regulator is the Belize International Financial Services Commission (IFSC). The broker has offices in Spain, Poland, and the UK, where it is authorized and regulated by the National Financial Supervision Commissions. The XTB is focused on working primarily with European investors. It has several significant awards, including the Best Broker in Europe award by Global Banking & Finance Review and Best Financial Teacher by World Finance Exchange & Brokers.
The Swissquote brokerage firm has been operating in the Forex market since 1996. The company is regulated by the Swiss Financial Markets Authority (FINMA). The company is a member of the Swiss Bankers Association. It has offices in many financial capitals of the world: Zurich, London, Dubai, Hong Kong and is moderately popular among traders. The company falls short in the category of customer service when compared to other top companies and is significantly inferior to popular Forex brokers in many other respects also.
| XTB | Swissquote | |
|---|---|---|
| Overall Pros | 2100+ trading instrumetns | availability of a license from an authoritative regulator |
| Big choice of ETF CFDs | a wide range of financial services | |
| Everage EURUSD spread 0.1 pip | a large selection of deposit currencies | |
| Advanced xStation trading platform | ||
| Well regulated broker | ||
| Overall Cons | High non trading fees - 1.5% commission for withdrawal to credit cards, Account fee 10EUR etc. | high spreads and commissions |
| High stock CFDs fees | large deposit | |
| few promotions, bonuses, contests, or other special offers |
XTB vs Swissquote: Safety and Regulation
| XTB | Swissquote | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
£85,000 €20,000 |
£85,000 €20,000 SGD 75,000 HKD 500,000 CHF 100 000 |
FCA UK Regulation |
Yes |
Yes |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
No |
No |
CFTC (U.S) |
No |
No |
MAS |
No |
Yes |
FSCA SA |
No |
No |
BVI FSC |
No |
No |
VFSC |
No |
No |
FSA (Seychelles) |
No |
No |
XTB vs Swissquote: Trading Conditions
| Trading Conditions | XTB | Swissquote |
|---|---|---|
Minimum Deposit |
$1 |
$1000 |
Trading Platforms |
MetaTrader 4 and xStation 5 |
MT4, MT5, Advanced Trader |
Max Leverage (Futures) |
1-500 (only for non EU and UK clients), 1-30 |
1-100 |
Supported Markets |
Forex, CFDs on Stocks, Commodities, Metals, Cryptocurrencies and ETFs |
Forex, CFD, precious metals, stock indices, bonds, commodities, cryptocurrencies |
Trading assets |
2100+ |
10000+ |
Trading Accounts |
Demo, Standard, Pro, Islamic |
Standard, Premium, Professional, Prime |
Base Account Currencies |
USD |
USD, EUR, JPY, GBP, CHF, CAD, AUD, TRY, PLN, SEK, NOK, SGD, XGD, HUF, CZK |
XTB vs Swissquote: Fees
| XTB | Swissquote | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,5 |
1,1 |
Standard acc. spread EUR/USD, max pips |
1,2 |
1,7 |
ECN Commission |
2,5 |
|
ECN Spread EUR/USD |
0,3 |
|
Deposit fee, % |
No |
0-1,9 |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
No |
No |
Inactivity fee, $ |
10 |
10 |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
XTB vs Swissquote: Trading Assets
| Asset Name | XTB | Swissquote |
|---|---|---|
Overall |
2100+ |
10000+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
No |
Metals |
Yes (CFD) |
Yes |
Cryptocurrencies |
Yes (CFD) |
Yes |
Energy |
Yes (CFD) |
Yes |
Indices |
Yes (CFD) |
Yes |
ETFs |
Yes (CFD) |
No |
Bonds |
No |
Yes |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
XTB or Swissquote: Investment Programs
| Asset Name | XTB | Swissquote |
|---|---|---|
Copy Trading |
No |
No |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
No |
Other |
No |
Themes Suggestions |
Trading Platforms: Swissquote or XTB
| XTB | Swissquote | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
No |
Yes |
cTrader |
No |
No |
Appropriate platform |
xStation 5 |
Advanced Trader |
Others |
No |
No |
|
|
XTB vs Swissquote: Deposit and Withdrawal Methods
| XTB | Swissquote | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
Yes |
Yes |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
Yes |
Yes |
XTB vs Swissquote: Research
| Research Type | XTB | Swissquote |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
No |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
No |
XTB vs Swissquote: Education
| Education Type | XTB | Swissquote |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
No |
Swissquote vs XTB: Support
| Support Features | XTB | Swissquote |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
No |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
XTB vs Swissquote: Forex Bonuses and Promo
| Promo | XTB | Swissquote |
|---|---|---|
Forex Bonus |
Welcome bonus for non UK/EU & MENA residents . 50% of your first deposit can be added to your account if you trade a minimum amount of lots (15% of your first deposit amount) within 60 days of your account opening, clients should aply for Welcombe bonus and deposit at least $100. |
No |
Affiliate Program |
The XTB affiliate program allows a client of the company to earn additional income by advertising the broker and attracting new clients. The amount of such income is up to 20% of the spread of the referred client |
Recommend Swissquote Bank and receive cash bonuses of up to CHF 800 for every customer you refer. |
Other Promos |
he XTB cashback (rebates) program is primarily for traders who trade actively. The client has the opportunity to receive partial compensation of the spread, subject to the fulfillment of the monthly trading volume |
No |
|
|
Top 5 Reviews on XTB
-
Comment
I mainly trade CFDs with XTB. The broker offers over 2,100 instruments, including stocks, ETFs, indices, and cryptocurrencies. It’s especially convenient that the commission on stock trades starts from 0.08%, and the minimum trade size is 0.01 lots. Suitable for those looking to diversify their portfolio.
-
Comment
I chose XTB because of its regulated environment — the broker is overseen by the FCA, KNF, and other European supervisory authorities. This adds a level of trust when dealing with larger sums. The average spread on EUR/USD starts from 0.9 pips, with no fixed commission. These conditions are well-suited for long-term trading.
-
Comment
For all the time I have been working with xtb I have not had any complaints - the broker works transparently and legally. Withdrawal of funds goes without delays, the platform is convenient, and in general, cooperation brings only positive impressions. Of course, as in any trading, there are moments when the market does not go in your direction, for example, gaps after the weekend. I admit that at first it was unpleasant, but then I realized that it is just market realities and not the broker's fault. Otherwise, it is a pleasure to work here - fair conditions, adequate support and stability, which is worth a lot in this sphere.
-
Comment
Withdrawal of funds in XTB company is excellent - no delays and nervousness. In most cases, the money comes the next day after the request, maximum - in two days. This is really convenient, especially if efficiency is important. I have withdrawn funds several times, and each time the process went smoothly. The service works clearly, without hidden conditions or unexpected commissions. If you need a broker where you don't have to worry about timely withdrawal of profits, everything is on top here.
-
Comment
After a bad experience with several brokers of dubious reputation, I decided to take a break from trading. I practically did not trade for a whole year, because I simply did not see a platform suitable for me. However, eventually I came across xtb, and the broker interested me. Instead of immediately rushing into trading, I decided to approach the matter thoroughly: I studied reviews, observed the company and even got a consultation. What really struck me was the attitude towards clients. When I had questions, they answered them calmly and politely, without any irritation and rudeness, which, unfortunately, is not always found in this sphere. When the time came to withdraw my earnings, the process went smoothly, quickly and without unnecessary nerves. Now I can say that I have found a worthy broker with whom it is comfortable to work.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.