FXCM
Swissquote
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Forex traders looking for easy account opening, funding and withdrawal
Recommended for Affluent investors who value safety and are OK with higher fees
UK
Switzerland
Fees
Average trading and non-trading fees, low CFD fees
High trading fees, average non-trading fees, low fund fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
4
22
Deposit type
Withdrawal type
Account opening
$50
$0
1-3 days
1 day
Proof of identity: ID / passport / driver's license Proof of residency: bank statement / utility bill
Proof of identity: national ID / passport Proof of residency: ID with legal address / utility, internet, phone bill / tax bill / official certificate of residence
Trading platform
Markets and products
Disclaimer: 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Research, education
Great
Great
Customer service
Security
£85,000 in the UK, €20,000 in the EU, no protection in other countries
CHF 100,000 for cash at the Swiss and UAE entity, £85,000 at the UK entity, HKD 500,000 at Hong Kong entity, none at other entities
1999
1996
UK, Australia, South Africa and Cyprus
Switzerland, Luxembourg UK, UAE, Hong Kong, Singapore, Malta
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
FXCM's service is on par with Swissquote's and a comparison of their fees shows that FXCM's fees are lower than Swissquote's.
Account opening takes about the same effort at FXCM compared to Swissquote, deposit and withdrawal processes are somewhat more complicated at FXCM, while customer service quality is similar to Swissquote's.
Our experts rated the trading platform of FXCM as being of the same quality as the platform of Swissquote, found that clients have access to much less markets and products with FXCM, while Swissquote provides somewhat lower-quality research and education.