| overall rating |
|
|
| overall pros |
- Free US stock and ETF trading
- Great mobile and web trading platforms
- Fast and fully digital account opening
|
- Access to many markets and products
- No inactivity fee
- Rock-solid background
|
| overall cons |
- Limited product range
- Weak customer support
- Few educational materials
|
- High trading fees
- Confusing trading platform selection
- Some research tools are not free
|
|
fees
|
- Low trading fees
- Low non-trading fees
- Commission-free US stock trading
|
- Low fund fees
- No inactivity fee
- High trading fees
- High stock and ETF fees
- High bond fees
|
|
account opening
|
- Fast
- Fully digital
- No minimum deposit
- Available only for US and Australian clients
|
- Fully digital
- No minimum deposit for trading account
- Technical difficulties
- Forex and robo-advisor accounts have high minimum
|
|
deposit and withdrawal
|
- Free withdrawal
- No deposit fee
- Instant deposit up to $1,000 per week
- Credit/Debit card not available
- Depositing larger amounts takes longer
- Wire withdrawal is pricey
|
- Quick deposit and withdrawal - within 3 days
- Several account base currencies at Swissquote (UK)
- Credit/Debit card withdrawal not available
|
|
web trading platform
|
- User-friendly
- Clear fee report
- Two-step (safer) login
- Limited customizability (for charts, workspace)
|
- 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
|
- User-friendly
- Two-step (safer) login
- Good search function
|
- User-friendly
- Good search function
- Price alerts
- No advanced search filters
|
|
desktop trading platform
|
|
|
|
markets and products
|
|
- Stock
- ETF
- Forex
- Fund
- Bond
- Options
- Futures
- CFD
- Crypto
- Themes trading
|
|
research
|
- Trading ideas
- Data on asset fundamentals
- Quality news flow
- Limited interactive charting
- No/limited set of analytic tools
|
- 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
|
- No phone support
- No live chat
- No 24/7 support
|
- Phone support
- Live chat
- Fast response time
- No 24/7 support
- Live chat answers are not always satisfactory
|
|
education
|
- Quality educational texts
- No demo account
- No trading platform tutorial videos
- No educational videos
|
- Demo account
- Trading platform tutorial
- Educational videos
|
|
safety
|
- Majority of clients belong to a top-tier financial authority
- High level of investor protection
- Financial information is publicly available
- No negative balance protection
- Does not hold a banking license
- Not listed on stock exchange
|
- Majority of clients belong to a top-tier financial authority
- Banking background
- Listed on stock exchange
|
| recommended for |
Beginners and buy-and-hold investors focusing on the US stock market
|
Affluent investors who value safety and are OK with higher fees
|
