Oanda vs Swissquote compared
- Fees score4.1/5
- Markets and products score3.3/5
- Trading platform combined score4.7/5
- Fees score1.9/5
- Markets and products score5.0/5
- Trading platform combined score4.2/5
- BeginnersNO
- EquityNO
- ForexYES
- CFDNO
- BeginnersYES
- EquityNO
- ForexNO
- CFDNO
Basic data of broker
Recommended for Forex traders who value a user-friendly platform and great research tools
Recommended for Affluent investors who value safety and are OK with higher fees
USA
Switzerland
Fees
Low CFD and forex trading fees, average non-trading 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
9
22
Deposit type
Withdrawal type
Account opening
$0
$0
1-3 days
1 day
Proof of identity: ID / passport 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: 78.3% 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
£85k to UK, €20k to EU clients, CAD 1mn to Canadian, and $0 to other clients
CHF 100k for cash at the Swiss entity, £85k at the UK entity, HKD 500k at Hong Kong entity, none at other entities
£85k to UK, €20k to EU clients, CAD 1mn to Canadian, and $0 to other clients
CHF 100k for cash at the Swiss entity. Check the description to see all protection.
1996
1996
USA, UK, Australia, Singapore, Canada, Malta, Japan, British Virgin Islands
Switzerland, Luxembourg UK, UAE, Hong Kong, Singapore, Malta
SwissquoteFor detailed information and hands-on experience, read our review of this broker.
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.
Oanda's service is on par with Swissquote's and a comparison of their fees shows that Oanda's fees are lower than Swissquote's.
Account opening takes about the same effort at Oanda compared to Swissquote, deposit and withdrawal processes are about the same quality at Oanda, while customer service quality is similar to Swissquote's.
Our experts rated the trading platform of Oanda as somewhat better than the platform of Swissquote, found that clients have access to less markets and products with Oanda, while Swissquote provides somewhat lower-quality research and education.