FBS vs Swissquote Forex Broker Comparison
A head-to-head comparison of FBS and Swissquote across regulation, trading costs, platforms, and editorial scoring.
Offshore broker with CySEC and IFSC licensing, dominant in Southeast Asia and MENA through heavy localised marketing and generous bonuses - best evaluated on regulatory strength rather than promotion value.
VS
Score 4.2 / 5
2 bonusesSwiss banking heritage with exceptional fund security, the broadest asset range in retail trading, and FINMA oversight - though minimum deposits are high.
Our Verdict
Swissquote winsby 0.3 pts
Swissquote edges ahead with a score of 4.2/5 vs FBS's 3.9/5. A narrow margin, so review the breakdown below to see where each broker has a clear advantage.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
FBS offers tighter spreads from 0 pips vs 1.7 pips for Swissquote, reducing trading costs.
Best for safety & regulation
Recommended
Swissquote has a stronger safety profile: top-tier regulation, compensation scheme, segregated funds, negative balance protection.
Best for active traders
Recommended
FBS has a cost edge: raw/ECN spreads, tighter spreads from 0 pips.
Best for platform choice
Recommended
Swissquote offers more exclusive platform options: Proprietary Web/Mobile, a proprietary platform.
Best for beginners
Recommended
Swissquote edges out FBS with a higher editorial score (4.2/5 vs 3.9/5), indicating a stronger overall experience for new traders.
FBS vs Swissquote: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 3.9/ 5 | 4.2/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.5 / 5 | 4.5 / 5▲ |
Fees & Spreads 30% weight | 4.0 / 5▲ | 3.9 / 5 |
Platforms & Tools 20% weight | 3.8 / 5 | 4.2 / 5▲ |
Customer Support 10% weight | 4.0 / 5▲ | 3.9 / 5 |
| Founded | 2009 | 1996 |
| Headquarters | Belize City, Belize | Gland, Switzerland |
| Min deposit | $1 | $1,120 |
| Spreads from | 0 pips | 1.7 pips |
| Commission / lot | $20/lot | N/A |
| Max leverage | 3000:1 | 100:1 |
| Withdrawal fee | Free | Free |
| Regulators | FSCA CySEC IFSC | FCA DFSA FINMA |
| Platforms | MetaTrader 4 MetaTrader 5 | MetaTrader 4 Proprietary Web/Mobile MetaTrader 5 |
| Active bonuses | ||
| Visit broker | Visit FBS | Visit Swissquote |
FBS vs Swissquote Forex Broker Pros & Cons
Pros
Very low $1 minimum deposit on Cent accounts
MT4 and MT5 on all account types
Multiple account types including Cent, Zero Spread, and ECN
Widely available across Southeast Asia, MENA, and Africa
Client funds held in segregated accounts
Negative balance protection
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
Swiss banking heritage with FINMA regulation and bank-level fund security
Broadest multi-asset range including real stocks, bonds, and options
Listed on the Swiss stock exchange (SIX)
FCA and DFSA regulated for UK and UAE clients
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Proprietary trading platform available
Advanced charting tools included
Transparent pricing with clear cost disclosure
Phone support available
Multilingual customer support
Cons
Primary entity uses IFSC Belize - offshore, limited investor protection
Bonus turnover requirements are onerous
Very high leverage (3000:1) is a significant risk factor for retail clients
No top-tier regulatory licence
No investor compensation scheme
No proprietary platform
Limited charting capabilities
Cons
Very high minimum deposit (CHF 1,000, approximately $1,120)
Spreads wider than ECN peers on standard account
Primarily suited to larger, more sophisticated accounts
Inactivity fee applies
No 24/5 live chat
FBS vs Swissquote: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
3
FBS
criteria wins
4
Swissquote
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | FBS | Swissquote |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Fail | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
FBS vs Swissquote: Frequently Asked Questions
Based on our independent editorial scoring, Swissquote ranks higher with a score of 4.2/5 vs 3.9/5 for FBS. The best choice still depends on your individual trading needs; FBS and Swissquote may each suit different trader profiles.
FBS offers tighter spreads starting from 0 pips, compared to Swissquote's spreads from 1.7 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
FBS has a lower minimum deposit of $1, while Swissquote requires at least $1120. This makes FBS more accessible for traders with limited starting capital.
Swissquote holds top-tier regulation (FCA, DFSA, FINMA), providing stronger investor protections. FBS may be regulated but does not hold top-tier status in our data. Always verify regulatory status with the broker directly before depositing funds.
For beginners: FBS has a lower minimum deposit ($1), lowering the barrier to entry; both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.
FBS offers maximum leverage of 3000:1, while Swissquote offers up to 100:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
FBS charges $20 per lot on commission-based accounts. Commission details for the other broker are not currently available. Check their website for up-to-date pricing.
FBS supports MetaTrader 4, MetaTrader 5 and Swissquote offers MetaTrader 4, Proprietary Web/Mobile, MetaTrader 5; both support MetaTrader 4, MetaTrader 5; Swissquote exclusively offers Proprietary Web/Mobile.
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