FXCMvs
SwissquoteForex Broker Comparison
FXCM and Swissquote face off on regulation, costs, and platforms. The tension centers on support availability versus asset breadth and minimum deposits.
Our Verdict
Swissquote winsby 0.1 pts
FXCM and Swissquote are closely matched overall, with FXCM's 24/5 live chat support the clearest differentiator.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1FXCM offers 24/5 live chat; Swissquote does not.
- 2FXCM min deposit is $50; Swissquote min deposit is $1120.
- 3FXCM spreads from 0.4 pips; Swissquote spreads from 1.7 pips.
Who should choose FXCM vs Swissquote?
Find out which broker best suits your trader profile.
Choose FXCM if…
Choose FXCM if you want 24/5 live chat support and a low $50 minimum deposit. It also offers MT4, Trading Station, and strong API access.
Choose Swissquote if…
Choose Swissquote if you value FINMA regulation and bank-level fund security with segregated funds. It also offers a broad asset range including stocks, bonds, and options.
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
FXCM offers tighter spreads from 0.40 pips vs 1.70 pips for Swissquote, reducing trading costs.
Best for safety & regulation
FXCM vs Swissquote: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.1/ 5 | 4.2/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.1 / 5 | 4.5 / 5▲ |
FXCM vs Swissquote Forex Broker Pros & Cons
Pros
Strong APIs (REST, FIX)
Trading Station + MT4
FCA regulated
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
FXCM vs Swissquote: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
1
FXCM
criteria win
0
Swissquote
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | FXCM | 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 | Fail | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Pass | 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 |
FXCM vs Swissquote: Frequently Asked Questions
The scores are close: FXCM rates 4.1/5 and Swissquote rates 4.2/5. Swissquote 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.
FXCM starts from 0.4 pips, tighter than Swissquote's 1.7 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
FXCM has $50, while Swissquote requires at least $1120. This makes FXCM more accessible for traders with limited starting capital.
Both FXCM 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: FXCM requires a lower minimum deposit ($50), lowering the barrier to entry, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
FXCM lists maximum leverage of 400:1, 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.
FXCM supports ZuluTrade, Proprietary Web/Mobile, MetaTrader 4, NinjaTrader, while Swissquote supports MetaTrader 5, Proprietary Web/Mobile, MetaTrader 4. Both provide Proprietary Web/Mobile and MetaTrader 4. FXCM has exclusive access to ZuluTrade and NinjaTrader. Swissquote has exclusive access to MetaTrader 5.
