Interactive Brokers vs Swissquote compared

USA

Switzerland

Low trading and non-trading fees, free stock and ETF trading for US customers

High trading fees, average non-trading fees, low fund fees

23

22

$0

$0

1-3 days

1 day

Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill / driver's license / credit card statement

Proof of identity: national ID / passport Proof of residency: ID with legal address / utility, internet, phone bill / tax bill / official certificate of residence

Disclaimer: 60.0% 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.

Great

Great

£85,000 or $500,000 (but only $250,000 for cash) in the UK depending on the assets you hold; $500,000 ($250,000) in the US; €20,000 (IB Ireland & Luxembourg) or €100,000 (IB Central Europe) in the EU, CAD 1 million in Canada; HKD 500,000 in Hong Kong

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

1977

1996

USA, Ireland, UK, Hungary, India, Australia, Canada, Japan, Hong Kong, Singapore

Switzerland, Luxembourg UK, UAE, Hong Kong, Singapore, Malta