Compare IC Markets vs Swissquote


Online brokers compared for fees, trading platforms, safety and more. See how IC Markets stacks up against Swissquote!

IC Markets vs Swissquote
overall rating
4.4
4.7
overall pros
  • Low forex fees
  • Easy and fast account opening
  • Free deposit and withdrawal
  • Access to many markets and products
  • No inactivity fee
  • Rock-solid background
overall cons
  • No investor protection
  • No negative account balance protection
  • Limited number of available CFDs
  • High trading fees
  • Confusing trading platform selection
  • Some research tools are not free
fees
4.3
  • Low trading fees
  • Low non-trading fees
  • Low forex fees
  • High financing rate for CFDs
2.3
  • Low forex fees
  • Low fund fees
  • No inactivity fee
  • High trading fees
  • High stock and ETF fees
  • High bond fees
account opening
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
4.0
  • Fully digital
  • No minimum deposit for trading account
  • Technical difficulties
  • Forex and robo-advisor accounts have high minimum
deposit and withdrawal
4.9
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
4.1
  • Quick deposit and withdrawal - within 3 days
  • Several account base currencies for forex account
  • Credit/Debit card withdrawal not available
web trading platform
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
4.2
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Available in several languages
  • Account login and search function bugs
  • Easy to get lost among functions
mobile trading platform
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
  • No order confirmation
4.7
  • User-friendly
  • Good search function
  • Price alerts
  • No advanced search filters
desktop trading platform
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
1.7
  • Forex
  • CFD
  • Crypto
4.9
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • Themes trading
research
3.8
  • Trading ideas
  • Quality news flow
  • User-friendly
  • No fundamental data available
3.3
  • Good interactive chart
  • Trading ideas
  • Quality news flow
  • Limited fundamental data
  • News flow in 3 languages at the same time
  • Recommendations are not structured
customer service
3.6
  • Phone support
  • Live chat
  • Fast response time
  • Slow and irrelevant live chat
4.0
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
  • Live chat answers are not always satisfactory
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Majority of clients belong to a top-tier financial authority
  • In operation for a long time
  • No investor protection
  • No negative balance protection
  • Does not hold a banking license
  • Majority of clients belong to a top-tier financial authority
  • Banking background
  • Listed on stock exchange
recommended for Forex traders who value easy account opening and free deposit/withdrawal options Affluent investors who value safety and are OK with higher fees
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