Swissquote
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79% of retail CFD accounts lose money.

Vs.

XM
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73.03% of retail CFD accounts lose money.

Swissquote Vs. XM - Compare and Choose the Right One

Updated May 13 2022

Visit

79% of retail CFD accounts lose money.

Visit

73.03% of retail CFD accounts lose money.

Overview

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

XM is an international broker headquartered in Cyprus which offers MetaTrader 4 & 5 and over 1500 + tradable assets.

Best For
  • Traditional equity investors looking for a broad range of markets
  • Experienced traders looking to benefit from their amazing research tools
  • Experienced traders looking to trade shares in high volume using their Zero account
  • MetaTrader users wishing to explore XM's offering while maintaining their preferred platforms
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

4

Other Licenses

1

Provided by
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Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

2

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • FCA (UK)
  • ADGM (United Arab Emirates)
  • FINMA (Switzerland)
  • MFSA (Malta)
  • HKMA (Hong Kong)
  • ASIC (Australia)
  • CySec (Cyprus)
  • ADGM (United Arab Emirates)
The Good
  • 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
  • Competitive commissions on their Zero account
  • Modest asset offering of 1500+ tradable instruments (similar to competitors in the same range)
The Bad
  • Their proprietary platform lacks many features and is not user friendly
  • Their commissions are extremely high
  • Overall everything feels complicated to use
  • No proprietary platforms or technology
  • Expensive spreads and trading fees
  • Lack of asset variety when compared to other brokers in the same range
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
1 Day 1 day
📋 Documents Required
  • 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.

📍 Year Founded
1996 2009
💳 Minimum Deposit

Varies per account type and selected trading platform. From $0 up to $5,000.

€, £, $ - 5
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
💵 Account Base Currencies
21 - AED, AUD, CAD, EUR, DKK USD, GBP, HKD, HUF, ILS, CHF, JPY, PLN, NOK, SGD, MXN, NZD, SEK, TRY, THB, ZAR 11 - USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, JP, SY, IR. US, CA.
📊 STP Account
Yes No
📊 DMA Account
Yes No
📊 ECN Account
Yes No
Assets
📚 Available Assets
  • Real stocks, ETFs and options
  • CFDs on currencies, commodities, stocks, indices, ETFs, cryptocurrencies and bonds

CFDs on stocks, commodities, currencies and indices.

📙 Stocks
60 Stock Exchanges 1286
📘 Currency Pairs
80+ 57
📗 Commodities
12 CFDs 15
📕 Indices
26 CFDs 14
📔 ETFs
1400 + N/A
💸 Cryptocurrencies
12 CFDs N/A
📒 Bonds
54,000 + / 3 CFDs N/A
📓 Options
6 Exchanges N/A
📗 Futures
6 Exchanges 10
📝 Notes:
N/A All of XM's assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
From $50 Fractional Share trading - Varies per stock (Eg: 0.1/16 of ADBE shares)
📉 Minimum ETFs Trade Size
From $50 N/A
📈 Minimum Crypto Trade Size
$1,000 (0.01 Lots) N/A
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) $100 (0.001 Lots)
📈 Minimum Commodities Trade Size
From $50 Varies by Commodity (Eg: 0.01 Troy ounce of Gold)
📉 Minimum Bonds Trade Size
From $50 N/A
📈 Minimum Futures Trade Size
From $50 All of XM's futures are commodities, same rules apply.
📉 Minimum Options Trade Size
From $50 N/A
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Up to 1:500 N/A
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
Yes No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes No
📱 Android App
Yes No
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes Yes
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes No
💻 Proprietary Platform
Yes No
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No Yes
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee
No

Yes, $15 one time payment after 1 year of inactivity and then $5 monthly.

💰 Deposit Fees
No No
💰 Withdrawal Fees
$10 per withdrawal No
💰 Commissions

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.

Yes on Zero accounts ($7 per lot round turn).

Spreads
📈 EUR/USD
From 0 Pips to 1.3 Pips Dynamic - From 1.7 Pips
📉 SP500
Dynamic - From 60 Pips Dynamic - From 40 Pips
📈 GOLD
N/A Dynamic - From 35 Pips
📉 TSLA (Stock CFD)
N/A Dynamic - From $9.4
📈 XLK (ETF - CFD)
Dynamic - Market Spread N/A
📉 BTC
N/A N/A
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
Yes No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
Yes No

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