FXOpenvs
SwissquoteForex Broker Comparison
Two well regulated brokers face off on cost and platform diversity. The tension centers on spreads, instrument range, and accessibility.
Our Verdict
Too close to call
FXOpen and Swissquote are closely matched, but FXOpen's raw spreads provide the clearest cost edge.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1FXOpen offers raw spreads; Swissquote does not.
- 2FXOpen lists 700 instruments while Swissquote offers 400.
- 3Swissquote provides phone support; FXOpen lacks phone support.
Who should choose FXOpen vs Swissquote?
Find out which broker best suits your trader profile.
Choose FXOpen if…
Choose FXOpen if you want ECN pricing with $3/lot commissions and access to MT4, MT5 and cTrader.
Choose Swissquote if…
Choose Swissquote if you value FINMA regulation with bank-grade security, plus a proprietary platform and phone support.
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
FXOpen offers tighter spreads from 0.00 pips vs 1.70 pips for Swissquote, reducing trading costs.
Best for safety & regulation
It’s a tie
Both equally suited
FXOpen vs Swissquote: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.2/ 5 | 4.2/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.5 / 5 | 4.5 / 5 |
FXOpen vs Swissquote Forex Broker Pros & Cons
Pros
FCA, CySEC, and ASIC triple regulation
$3 round-turn ECN commission, one of the lowest in retail forex
Early cTrader adopter with mature integration
MT4, MT5, and cTrader all available
Client funds held in segregated accounts
FXOpen vs Swissquote: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
3
FXOpen
criteria wins
2
Swissquote
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | FXOpen | 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 | Fail | Pass |
| Multilingual support | Pass | Pass |
FXOpen vs Swissquote: Frequently Asked Questions
FXOpen and Swissquote share the same editorial score of 4.2/5. One concrete differentiator: FXOpen requires a lower minimum deposit.
FXOpen 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.
FXOpen has $100, while Swissquote requires at least $1120. This makes FXOpen more accessible for traders with limited starting capital.
Both FXOpen 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: FXOpen 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.
FXOpen 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.
FXOpen charges $3 per lot on commission-based accounts. Commission details for Swissquote are not currently available. Check their website for up-to-date pricing.
FXOpen supports cTrader, MetaTrader 5, MetaTrader 4, while Swissquote supports MetaTrader 5, Proprietary Web/Mobile, MetaTrader 4. Both provide MetaTrader 5 and MetaTrader 4. FXOpen has exclusive access to cTrader. Swissquote has exclusive access to Proprietary Web/Mobile.
