The best alternatives to Swissquote are
- Saxo Bank - Danish investment bank
- Interactive Brokers - International broker providing all asset classes
- DEGIRO - German-Dutch discount broker
- Comdirect - German investment bank
Let's see in a bit more detail how the Swissquote alternatives compare to Swissquote and each other:
Overall score
|
4.4 stars | 4.9 stars | 4.9 stars | 4.6 stars | 3.9 stars |
---|---|---|---|---|---|
Fees score
|
1.9 stars | 3.0 stars | 4.3 stars | 4.5 stars | 1.9 stars |
Account opening score
|
3.8 stars | 5.0 stars | 3.1 stars | 5.0 stars | 2.5 stars |
Deposit and withdrawal score
|
4.3 stars | 4.5 stars | 3.3 stars | 2.6 stars | 3.3 stars |
Web platform score
|
4.3 stars | 5.0 stars | 4.3 stars | 4.0 stars | 4.4 stars |
Markets and products score
|
5.0 stars | 4.9 stars | 5.0 stars | 3.6 stars | 4.7 stars |
|
Visit broker | Visit broker | Visit broker | Visit broker | Visit broker |
Why are these brokers considered good alternatives to Swissquote? There are many areas based on which Swissquote can be compared with others. When we say a given online broker is a good alternative to Swissquote we mean these brokers are comparable in the following areas:
- The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
- The type of clients they target, i.e. beginners, experienced investors, or day traders.
Swissquote alternatives recommendations
Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:
- Swissquote is recommended for affluent investors who value safety and are ok with higher fees
- Saxo Bank is recommended for investors and traders looking for a great trading platform and solid research
- Interactive Brokers is recommended for traders looking for broad market access and a professional trading environment
- DEGIRO is recommended for traders and investors looking for execution only
- Comdirect is recommended for investors speaking german and focusing on european securities
Important factors of finding Swissquote alternatives
So far BrokerChooser has reviewed 101 online brokers in detail, which gives this comparison a solid starting point.
Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we
- open a live account
- check over 100 criteria, with weighting based on readers' preferences
- refresh data regularly
Whether Swissquote or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:
Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. Swissquote is considered to be a rather expensive broker. This gives you a good chance to cut your costs by choosing a cheaper Swissquote alternative.
Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At Swissquote this is not a problem as you can have it ready on the same day you registered.
Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at Swissquote, this might not be the case at its alternatives.
Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.
Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Swissquote alternative is a must.
Now let's dive into the details of how Swissquote and its alternatives perform in the most important areas!
Saxo Bank
Recommended for investors and traders looking for a great trading platform and solid research
US stock
|
$1.6
|
$20.0
|
---|---|---|
UK stock
|
$3.8
|
$31.3
|
German stock
|
$3.2
|
$27.0
|
Minimum deposit
|
$0
|
$0
|
---|---|---|
Time to open account
|
1 day | 1 day |
If you are interested more in Saxo Bank minimum deposit, this overview will help you.
Bank transfer
|
Yes | Yes |
---|---|---|
Credit/debit card
|
No | No |
Electronic wallets
|
No | No |
Withdrawal fee
|
$0
|
$10
|
Web platform score
|
5.0 stars | 4.3 stars |
---|---|---|
Mobile platform score
|
5.0 stars | 4.7 stars |
Desktop platform score
|
5.0 stars | 3.4 stars |
Learn more about Saxo Bank's web trading platform in the detailed Saxo Bank review.
Stocks
|
Yes | Yes |
---|---|---|
ETFs
|
Yes | Yes |
Forex
|
Yes | Yes |
Funds
|
Yes | Yes |
Bonds
|
Yes | Yes |
Options
|
Yes | Yes |
Futures
|
Yes | Yes |
CFDs
|
Yes | Yes |
Crypto
|
Yes
|
Yes |
Interactive Brokers
Recommended for traders looking for broad market access and a professional trading environment
US stock
|
$1.0
|
$20.0
|
---|---|---|
UK stock
|
$3.8
|
$31.3
|
German stock
|
$3.2
|
$27.0
|
Minimum deposit
|
$0
|
$0
|
---|---|---|
Time to open account
|
1-3 days | 1 day |
If you are interested more in Interactive Brokers minimum deposit, this overview will help you.
Bank transfer
|
Yes | Yes |
---|---|---|
Credit/debit card
|
No
|
No |
Electronic wallets
|
No | No |
Withdrawal fee
|
$0
|
$10
|
Web platform score
|
4.3 stars | 4.3 stars |
---|---|---|
Mobile platform score
|
4.3 stars | 4.7 stars |
Desktop platform score
|
3.8 stars | 3.4 stars |
Learn more about Interactive Brokers's web trading platform in the detailed Interactive Brokers review.
Stocks
|
Yes | Yes |
---|---|---|
ETFs
|
Yes | Yes |
Forex
|
Yes | Yes |
Funds
|
Yes | Yes |
Bonds
|
Yes | Yes |
Options
|
Yes | Yes |
Futures
|
Yes | Yes |
CFDs
|
Yes | Yes |
Crypto
|
Yes
|
Yes |
DEGIRO
Recommended for traders and investors looking for execution only
US stock
|
$2.2
|
$20.0
|
---|---|---|
UK stock
|
$3.4
|
$31.3
|
German stock
|
$5.3
|
$27.0
|
Minimum deposit
|
$0
|
$0
|
---|---|---|
Time to open account
|
1 day | 1 day |
If you are interested more in DEGIRO minimum deposit, this overview will help you.
Bank transfer
|
Yes | Yes |
---|---|---|
Credit/debit card
|
No | No |
Electronic wallets
|
No | No |
Withdrawal fee
|
$0
|
$10
|
Web platform score
|
4.0 stars | 4.3 stars |
---|---|---|
Mobile platform score
|
4.5 stars | 4.7 stars |
Desktop platform score
|
- | 3.4 stars |
Learn more about DEGIRO's web trading platform in the detailed DEGIRO review.
Stocks
|
Yes | Yes |
---|---|---|
ETFs
|
Yes | Yes |
Forex
|
No | Yes |
Funds
|
Yes | Yes |
Bonds
|
Yes | Yes |
Options
|
Yes | Yes |
Futures
|
Yes | Yes |
CFDs
|
No | Yes |
Crypto
|
No
|
Yes |
Comdirect
Recommended for investors speaking German and focusing on European securities
US stock
|
$13.9
|
$20.0
|
---|---|---|
UK stock
|
$13.9
|
$31.3
|
German stock
|
$10.7
|
$27.0
|
Minimum deposit
|
$0
|
$0
|
---|---|---|
Time to open account
|
>3 days | 1 day |
If you are interested more in Comdirect minimum deposit, this overview will help you.
Bank transfer
|
Yes | Yes |
---|---|---|
Credit/debit card
|
No | No |
Electronic wallets
|
No | No |
Withdrawal fee
|
$0
|
$10
|
Web platform score
|
4.4 stars | 4.3 stars |
---|---|---|
Mobile platform score
|
4.7 stars | 4.7 stars |
Desktop platform score
|
3.5 stars | 3.4 stars |
Learn more about Comdirect's web trading platform in the detailed Comdirect review.
Stocks
|
Yes | Yes |
---|---|---|
ETFs
|
Yes | Yes |
Forex
|
Yes | Yes |
Funds
|
Yes | Yes |
Bonds
|
Yes | Yes |
Options
|
Yes | Yes |
Futures
|
Yes | Yes |
CFDs
|
No | Yes |
Crypto
|
Yes
|
Yes |
Swissquote
Recommended for affluent investors who value safety and are OK with higher fees
US stock
|
$20.0
|
$1.6
|
$1.0
|
$2.2
|
$13.9
|
---|---|---|---|---|---|
UK stock
|
$31.3
|
$3.8
|
$3.8
|
$3.4
|
$13.9
|
German stock
|
$27.0
|
$3.2
|
$3.2
|
$5.3
|
$10.7
|
Minimum deposit
|
$0
|
$0
|
$0
|
$0
|
$0
|
---|---|---|---|---|---|
Time to open account
|
1 day | 1 day | 1-3 days | 1 day | >3 days |
Learn more about Swissquote minimum deposit here.
Bank transfer
|
Yes | Yes | Yes | Yes | Yes |
---|---|---|---|---|---|
Credit/debit card
|
No | No |
No
|
No | No |
Electronic wallets
|
No | No | No | No | No |
Withdrawal fee
|
$10
|
$0
|
$0
|
$0
|
$0
|
Web platform score
|
4.3 stars | 5.0 stars | 4.3 stars | 4.0 stars | 4.4 stars |
---|---|---|---|---|---|
Mobile platform score
|
4.7 stars | 5.0 stars | 4.3 stars | 4.5 stars | 4.7 stars |
Desktop platform score
|
3.4 stars | 5.0 stars | 3.8 stars | - | 3.5 stars |
Learn more about Swissquote's web trading platform in the detailed Swissquote review.
Stocks
|
Yes | Yes | Yes | Yes | Yes |
---|---|---|---|---|---|
ETFs
|
Yes | Yes | Yes | Yes | Yes |
Forex
|
Yes | Yes | Yes | No | Yes |
Funds
|
Yes | Yes | Yes | Yes | Yes |
Bonds
|
Yes | Yes | Yes | Yes | Yes |
Options
|
Yes | Yes | Yes | Yes | Yes |
Futures
|
Yes | Yes | Yes | Yes | Yes |
CFDs
|
Yes | Yes | Yes | No | No |
Crypto
|
Yes |
Yes
|
Yes
|
No
|
Yes
|
Bottom line
Based on our analysis, there are several good alternatives to Swissquote. They all offer similar products and target similar customers. Here's a recap of the results in a table.
Broker intro
|
Recommended for
|
|
---|---|---|
Swiss investment bank | Affluent investors who value safety and are OK with higher fees | |
Danish investment bank | Investors and traders looking for a great trading platform and solid research | |
International broker providing all asset classes | Traders looking for broad market access and a professional trading environment | |
German-Dutch discount broker | Traders and investors looking for execution only | |
German investment bank | Investors speaking German and focusing on European securities |
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