FXCM vs Swissquote Forex Broker Comparison
A head-to-head comparison of FXCM and Swissquote across regulation, trading costs, platforms, and editorial scoring.
Veteran FCA-regulated broker with strong API support, MT4, and the proprietary Trading Station platform.
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 0.1 pts
Swissquote edges ahead with a score of 4.2/5 vs FXCM's 4.1/5. 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
FXCM offers tighter spreads from 0.4 pips vs 1.7 pips for Swissquote, reducing trading costs.
Best for safety & regulation
It's a tie
Both equally suited
Both brokers show an equally strong safety profile across regulation, fund protection, and client safeguards.
Best for platform choice
It's a tie
Both equally suited
Both brokers offer an equivalent platform selection with similar exclusive and proprietary options.
Best for beginners
Recommended
Swissquote edges out FXCM with a higher editorial score (4.2/5 vs 4.1/5), indicating a stronger overall experience for new traders.
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▲ |
Fees & Spreads 30% weight | 4.2 / 5▲ | 3.9 / 5 |
Platforms & Tools 20% weight | 4.2 / 5 | 4.2 / 5 |
Customer Support 10% weight | 4.0 / 5▲ | 3.9 / 5 |
| Founded | 1999 | 1996 |
| Headquarters | London, United Kingdom | Gland, Switzerland |
| Min deposit | $50 | $1,120 |
| Spreads from | 0.4 pips | 1.7 pips |
| Commission / lot | N/A | N/A |
| Max leverage | 400:1 | 100:1 |
| Withdrawal fee | Free for first per month | Free |
| Regulators | FCA ASIC | FCA DFSA FINMA |
| Platforms | MetaTrader 4 Proprietary Web/Mobile NinjaTrader | MetaTrader 4 Proprietary Web/Mobile MetaTrader 5 |
| Active bonuses | ||
| Visit broker | Visit FXCM | Visit Swissquote |
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
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
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
Withdrew from US market in 2017
No raw spread account option
Inactivity fee applies
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
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
Based on our independent editorial scoring, Swissquote ranks higher with a score of 4.2/5 vs 4.1/5 for FXCM. The best choice still depends on your individual trading needs; FXCM and Swissquote may each suit different trader profiles.
FXCM offers tighter spreads starting from 0.4 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.
FXCM has a lower minimum deposit of $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. Both are considered safe. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners: FXCM has a lower minimum deposit ($50), lowering the barrier to entry; both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.
FXCM offers maximum leverage of 400:1, 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.
FXCM supports MetaTrader 4, Proprietary Web/Mobile, NinjaTrader and Swissquote offers MetaTrader 4, Proprietary Web/Mobile, MetaTrader 5; both support MetaTrader 4, Proprietary Web/Mobile; FXCM exclusively offers NinjaTrader; Swissquote exclusively offers MetaTrader 5.
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Score 4.1 / 5
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