Compare Swissquote vs XM

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

Swissquote vs XM
open account	Visit broker	Visit broker 69.10% of retail CFD accounts lose money
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bugs Easy to get lost among functions	2.8 Clear fee report Good customizability (for charts, workspace) No price alerts Outdated design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desktop trading platform		3.3 Clear fee report Good customizability (for charts, workspace) Price alerts Outdated design Search function could be improved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
safety	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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