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Swissquote vs Plus500 2022

BrokerNotes.co

Written by BrokerNotes.co

November 08, 2022

Trying to decide between Swissquote and Plus500? Weโ€™ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, Swissquote ranks more highly than Plus500.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall RatingSwissquotePlus500FOREX.com
Overall Rating8.5 / 108.2 / 108.7 / 10
Account TypeSwissquotePlus500FOREX.com
Standard Trade Size (100,000 units)YesYesYes
Mini Trade Size (10,000 units)YesYesYes
Micro Trade Size (1,000 units)YesYesYes
Islamic AccountYesNoYes
Copy TradingSwissquotePlus500FOREX.com
Social Trading / Copy TradingYesNoNo
DupliTradeNoNoNo
ZuluTradeNoNoNo
CryptocurrencySwissquotePlus500FOREX.com
Cryptocurrency (Physical)YesNoNo
Cryptocurrency (CFD)NoYesYes
BitcoinYesYesYes
ethereumYesYesYes
Forex Trading (Spot or CFDs)SwissquotePlus500FOREX.com
Forex Trading (Spot or CFDs)YesYesYes
Mobile Trading - Forex or CFDsYesYesYes
Indices (Index CFDs)SwissquotePlus500FOREX.com
DAXYesYesYes
Dow JonesYesYesYes
FTSEYesYesYes
NASDAQ 100YesYesYes
NikkeiYesYesYes
SP 500YesYesYes
InvestmentsSwissquotePlus500FOREX.com
Forex Trading (Spot or CFDs)YesYesYes
Spread BettingNoNoNo
Social Trading / Copy TradingYesNoNo
MetalsYesYesYes
EnergiesYesYesYes
AgriculturalsYesNoYes
ETFYesYesYes
U.S. Stocks (CFD)YesYesYes
Trading PlatformsSwissquotePlus500FOREX.com
Apple iOS AppYesYesYes
Android AppYesYesYes
Proprietary PlatformYesYesYes
Desktop Platform (Windows)YesNoYes
Web PlatformYesYesYes
MetaTrader 4 (MT4)YesNoYes
MetaTrader 5 (MT5)YesNoYes
Regulatory LicensesSwissquotePlus500FOREX.com
Tier-1 Licenses444
ASIC Authorised (Australia)NoYesNo
IIROC Authorised (Canada)NoNoYes
FCA Authorised (U.K.)YesYesYes
SFC Authorised (Hong Kong)YesNoNo
MAS Authorised (Singapore)YesYesNo
FINMA Authorised (Switzerland)YesNoNo
CFTC Registered (USA)NoNoYes
Tier-2 Licenses132
Tier-3 Licenses001
Research, EducationSwissquotePlus500FOREX.com
Trading Central (Recognia)YesNoYes
Forex News (Top-Tier Sources)YesNoYes
Daily Market CommentaryYesYesYes
AutochartistYesNoNo
Investor Dictionary (Glossary)YesNoYes
Videos - Beginner Trading VideosYesYesYes
Client Webinars (Archived)YesNoNo
Trading CostsSwissquotePlus500FOREX.com
Minimum Initial Deposit$1000โ‚ฌ100$100
Average Spread EUR/USD - StandardN/A0.6 (as of Aug 2018)1.0 (July 2022)
All-in Cost EUR/USD - ActiveN/AN/A1.0 (July 2022)
Active Trader or VIP DiscountsYesNoYes
Bank Wire (Deposit/Withdraw)YesYesYes
Visa/Mastercard (Credit/Debit)YesYesYes
PayPal (Deposit/Withdraw)YesYesYes
Trading ToolsSwissquotePlus500FOREX.com
Watchlists - Total Fields7920
Mobile WatchlistYesYesYes
Charting - Indicators / Studies (Total)49110203
Mobile Charting - Indicators / Studies3011088
Trust FactorsSwissquotePlus500FOREX.com
Year Founded199620081999
Publicly Traded (Listed)YesYesYes
BankYesNoNo
Authorised in European UnionYesYesYes
Trust Score999899
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Swissquote vs Plus500 Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Swissquote vs Plus500.

Can I trust Swissquote?

Swissquote has a trust score of 99, giving it a "Highly Trusted" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are โ€“ in most cases โ€“ operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a โ€œDo Not Trustโ€ rating.

Can I trust Plus500?

Plus500 has a trust score of 98, giving it a "Highly Trusted" trust label.

Is Swissquote a good broker?

Swissquote is a highly-trusted broker, offering a significant range of markets from within its in-house platform suite. It's worth noting that Swissquote's pricing is more expensive than what you'd find with low-cost brokers, and its forex account offers far fewer markets โ€“ including on MetaTrader โ€“ than Swissquote's eTrading account for share dealing.

Is Plus500 a good broker?

Plus500 is a highly-trusted broker offering a wide range of CFDs from within its user-friendly trading platforms. While its educational content and range of research trails category leaders, Plus500 is still a great choice for less demanding traders.

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. Swissquote is SFC Authorised (Hong Kong), MAS Authorised (Singapore), FINMA Authorised (Switzerland) and FCA Authorised (U.K.), while Plus500 is ASIC Authorised (Australia), FSA Authorised (Japan), MAS Authorised (Singapore), FMA Authorised (New Zealand) and FCA Authorised (U.K.)., neither have IIROC Authorised (Canada), CBI Authorised (Ireland) and CFTC Registered (USA)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, Swissquote is DFSA / Central Bank Authorised (UAE), while Plus500 is CySEC Authorised (Cyprus), ISA Authorised (Israel) and FSCA Authorised (South Africa)., neither have CBRC Authorised (China), SEBI Authorised (India), CBR Authorised (Russia) and SEC Authorised (Thailand). When comparing tier-3 licenses unfortunately, neither Swissquote nor Plus500 are SCB Authorised (Bahamas), IFSC Authorised (Belize), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands), CIMA Authorised (Cayman Islands), FSC Authorised (Mauritius) and VFSC Authorised (Vanuatu)., neither have VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

For trading platforms Swissquote supports a Proprietary Platform and Desktop Platform (Windows), whereas Plus500 supports a Proprietary Platform., neither have cTrader, DupliTrade and ZuluTrade

Does Swissquote offer MetaTrader? Does Plus500 offer MetaTrader?

For MetaTrader Swissquote provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while Plus500 provides neither of these. If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

How do Swissquote and Plus500 differ in terms of minimum deposit? What about average spreads and funding options?

Swissquote requires a minimum deposit of $1000, while Plus500 requires a minimum deposit of โ‚ฌ100. From our testing we found Swissquote offers spreads of N/A, while Plus500 offers spreads of 0.6 (as of Aug 2018). Both Swissquote and Plus500 offer Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for deposits.

Which brokers offers more tradeable asset classes, Swissquote or Plus500?

Swissquote offers a more diverse selection of investment options than Plus500 allowing you to trade Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD)., neither have Spread Betting Looking at total tradeable symbols, Swissquote has 466, compared to 2800 from Plus500.

Can I trade cryptocurrency with Swissquote or Plus500?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative โ€” including spot forex contracts. In terms of trading physical cryptocurrency neither Swissquote nor Plus500 allow you to trade physical cryptocurrencies.

Who offers more research tools, Swissquote or Plus500?

In terms of research and research tools Swissquote gives traders the following tools: Autochartist, Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading. In comparison Plus500 has the tools listed here: Daily Market Commentary and Stock Charts.

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