Swissquotevs
TPFxForex Broker Comparison
Two brokers clash on regulation, costs, and platform reach. The comparison probes whether safety nets and prices steer your choice more than features.
Our Verdict
Swissquote winsby 0.5 pts
Swissquote edges out TPFx on editorial score, and strengthens trust with FINMA regulation, investor compensation coverage, and negative balance protection that TPFx does not offer.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1Swissquote has top-tier regulator coverage including FINMA, FCA, DFSA.
- 2Swissquote offers investor compensation scheme coverage; TPFx does not.
- 3Negative balance protection exists with Swissquote and not with TPFx.
Who should choose Swissquote vs TPFx?
Find out which broker best suits your trader profile.
Choose Swissquote if…
Choose Swissquote if you want strong regulation and investor protection.
Choose TPFx if…
Choose TPFx if you are Indonesian resident and value MT5 along with local IDR funding.
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
TPFx offers tighter spreads from 1.50 pips vs 1.70 pips for Swissquote, reducing trading costs.
Best for safety & regulation
Recommended
Swissquote vs TPFx: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.2/ 5 | 3.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.5 / 5▲ | 3.7 / 5 |
Swissquote vs TPFx Forex Broker Pros & Cons
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
Swissquote vs TPFx: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
5
Swissquote
criteria wins
3
TPFx
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | Swissquote | TPFx |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Fail |
| Compensation scheme (e.g. FSCS) | Pass | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Pass | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Fail | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Fail |
Swissquote vs TPFx: Frequently Asked Questions
Swissquote rates 4.2/5 versus 3.7/5 for TPFx. Swissquote edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
TPFx starts from 1.5 pips, tighter than Swissquote's 1.7 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
TPFx has $60, while Swissquote requires at least $1120. This makes TPFx more accessible for traders with limited starting capital.
Swissquote holds top-tier regulation (FCA, DFSA, FINMA), providing stronger investor protections. TPFx may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
For beginners, two factors stand out: TPFx requires a lower minimum deposit ($60), lowering the barrier to entry, and Swissquote provides negative balance protection, capping losses at your deposit amount. Also compare demo account availability and educational resources before deciding.
Swissquote lists maximum leverage of 100:1, while TPFx 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.
Swissquote supports MetaTrader 5, Proprietary Web/Mobile, MetaTrader 4, while TPFx supports MetaTrader 5, Proprietary Web/Mobile. Both provide MetaTrader 5 and Proprietary Web/Mobile. Swissquote has exclusive access to MetaTrader 4.
