FP Marketsvs
SwissquoteForex Broker Comparison
In this comparison, FP Markets and Swissquote square off on regulation, costs, and platform options. The axis of tension centers on pricing transparency versus deposit requirements and platform breadth.
Our Verdict
FP Markets winsby 0.3 pts
FP Markets edges Swissquote on the editorial score, FP Markets offers true ECN pricing and broader platform support.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1FP Markets offers true ECN pricing from 0 pips with $6/lot.
- 2Swissquote requires a higher minimum deposit around $1,120.
- 3Swissquote provides a proprietary platform while FP Markets lacks one.
Who should choose FP Markets vs Swissquote?
Find out which broker best suits your trader profile.
Choose FP Markets if…
Choose FP Markets for true ECN pricing from 0 pips and a $6 round-turn commission. Access MT4, MT5, and cTrader along with IRESS for share CFDs.
Choose Swissquote if…
Choose Swissquote if you value FINMA regulation and bank-level fund security. You also gain access to a proprietary trading platform in addition to MT4 and MT5.
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
FP Markets offers tighter spreads from 0.00 pips vs 1.70 pips for Swissquote, reducing trading costs.
Best for safety & regulation
FP Markets vs Swissquote: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.5/ 5 | 4.2/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.6 / 5▲ | 4.5 / 5 |
FP Markets vs Swissquote Forex Broker Pros & Cons
Pros
True ECN pricing from 0.0 pips + $6 round-turn commission
Supports MT4, MT5, and cTrader, all three major platforms
IRESS platform for direct-access share CFD trading
Strong ASIC and CySEC regulation
Client funds held in segregated accounts
FP Markets vs Swissquote: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
3
FP Markets
criteria wins
1
Swissquote
criteria win
Highlighted rows show where the two brokers differ
| Criteria | FP Markets | Swissquote |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | 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 | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
FP Markets vs Swissquote: Frequently Asked Questions
The scores are close: FP Markets rates 4.5/5 and Swissquote rates 4.2/5. FP Markets has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
FP Markets starts from 0 pips, tighter than Swissquote's 1.7 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
FP Markets has $100, while Swissquote requires at least $1120. This makes FP Markets more accessible for traders with limited starting capital.
Both FP Markets and Swissquote hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: FP Markets requires a lower minimum deposit ($100), lowering the barrier to entry, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
FP Markets lists maximum leverage of 500:1, while Swissquote lists up to 100:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
FP Markets charges $6 per lot on commission-based accounts. Commission details for Swissquote are not currently available. Check their website for up-to-date pricing.
FP Markets supports cTrader, IRESS, MetaTrader 5, TradingView, MetaTrader 4, while Swissquote supports MetaTrader 5, Proprietary Web/Mobile, MetaTrader 4. Both provide MetaTrader 5 and MetaTrader 4. FP Markets has exclusive access to cTrader and IRESS and TradingView. Swissquote has exclusive access to Proprietary Web/Mobile.
