Online brokers compared for fees, trading platforms, safety and more. See how Swissquote stacks up against XM!
Last update of data—Dec 2022
Swissquote is a Swiss online broker with a banking license. It is listed on the Swiss stock exchange and regulated by several authorities globally, including the top-tier UK FCA.
XM is a global forex and CFD broker regulated by Australia's ASIC, CySEC of Cyprus, and Belizean authority IFSC.
Recommended for affluent investors who value safety and are OK with higher fees.
Recommended for forex and CFD traders who prefer MetaTrader platforms and seek great account opening.
Swissquote
Swissquote is a Swiss online broker with a banking license. It is listed on the Swiss stock exchange and regulated by several authorities globally, including the top-tier UK FCA.
Recommended for affluent investors who value safety and are OK with higher fees.
XM
XM is a global forex and CFD broker regulated by Australia's ASIC, CySEC of Cyprus, and Belizean authority IFSC.
Recommended for forex and CFD traders who prefer MetaTrader platforms and seek great account opening.
Swissquote's service is on par with XM's and a comparison of their fees shows that Swissquote's fees are much higher than XM's.
Account opening takes somewhat more effort at Swissquote compared to XM, deposit and withdrawal processes are somewhat more complicated at Swissquote, while customer service quality is similar to XM's.
Our experts rated the trading platform of Swissquote as somewhat better than the platform of XM, found that clients have access to much more markets and products with Swissquote, while XM provides somewhat better research and education.
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