Swissquote Vs. Oanda - Compare Trustworthiness, Capabilities, Fees and Legitimacy

Swissquote is a global broker and investment bank headquartered in Switzerland that offers traditional securities and CFD trading along with advanced research tools.

Oanda is an international Forex broker founded in 1996 with headquarters in the United States. Oanda specialises exclusively in currency trading solutions for all trader levels. Their greatest selling points are their strong regulatory framework and robust proprietary platforms.

• Traditional equity investors looking for a broad range of markets
• Experienced traders looking to benefit from their amazing research tools

• Forex traders of all levels (from beginner to advanced)

• FCA (UK)
• ADGM (United Arab Emirates)
• FINMA (Switzerland)
• MFSA (Malta)
• HKMA (Hong Kong)

• CFTC (U.S)
• NFA (U.S)
• ASIC (Australia)
• FCA (UK)
• MAS (Singapore)
• IIROC (Canada)
• FFAJ (Japan)
• BVI (British Virgin Islands)

• Outstanding asset offering with more than 60 exchanges across the world
• Amazing research and analysis tools for all trader levels
• Thematic investments with preconfigured product baskets
• Offers banking services along with debit card

• High trustworthiness, regulated by the best regulators in the world
• Fast, simple and professional trading platforms
• Competitive spreads in their currency pairs

• Their proprietary platform lacks many features and is not user friendly
• Their commissions are extremely high
• Overall everything feels complicated to use

• Extremely limited offering of assets (104)
• No ability to purchase real stocks or cryptocurrencies, only CFDs

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• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Visa
• Mastercard
• Bank Transfer

• Visa
• Mastercard
• Bank Transfer
• Paypal

US, JP, SY, IR.

AF, AL, BS, BB, BW, BF, BI, KH, KY, CF, TD, CD, CG, CU, ER, ET, GH, IR, IQ, JM, KP, LY, MU, MN, MA, MM, NI, NG, PK, PS, PA, SN, SL, SO, SS, SD, SY, TT, TN, UG, VU, YE, ZW.

$10 after 1 year of inactivity.

Credit and Debit cards are free, when it comes to Bank transfer depends on the account's base currency (eg: the first withdrawal costs $, €, £ 20 and any subsequent ones 35). In the case of SGD, there are no fees.

$10 per withdrawal.

For CFDs there are no commissions as the spreads are the cost. For other assets from $9 up to $210 based on transaction volume and depending on the exchange.