Compare Swissquote vs XM


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

Swissquote vs XM
overall rating
4.7
4.4
overall pros
  • Access to many markets and products
  • No inactivity fee
  • Rock-solid background
  • Low CFD and withdrawal fees
  • Easy and fast account opening
  • Great educational tools
overall cons
  • High trading fees
  • Confusing trading platform selection
  • Some research tools are not free
  • Only CFDs, forex, cryptos for Europeans
  • Average forex fees
  • Inactivity fee
fees
2.3
  • Low forex fees
  • Low fund fees
  • No inactivity fee
  • High trading fees
  • High stock and ETF fees
  • High bond fees
3.8
  • Low CFD fees
  • No withdrawal fee
  • Inactivity fee
  • Average FX fees
account opening
4.0
  • Fully digital
  • No minimum deposit for trading account
  • Technical difficulties
  • Forex and robo-advisor accounts have high minimum
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
4.1
  • Quick deposit and withdrawal - within 3 days
  • Several account base currencies for forex account
  • Credit/Debit card withdrawal not available
5.0
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Free wire withdrawal above $200
web trading platform
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
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • No price alerts
  • Outdated design
mobile trading platform
4.7
  • User-friendly
  • Good search function
  • Price alerts
  • No advanced search filters
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No Touch/Face ID login
  • No order confirmation
desktop trading platform
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • Outdated design
  • Search function could be improved
markets and products
4.9
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • Themes trading
2.9
  • Stock
  • Forex
  • CFD
  • Crypto
research
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
3.8
  • Trading ideas
  • Quality news flow
  • User-friendly
  • No fundamental data available
customer service
4.0
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
  • Live chat answers are not always satisfactory
3.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 phone support
education
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Majority of clients belong to a top-tier financial authority
  • Banking background
  • Listed on stock exchange
  • Negative balance protection
  • Regulated by the top-tier ASIC
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Affluent investors who value safety and are OK with higher fees Forex and CFD traders who prefer MetaTrader platforms and seek low trading fees
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