Saxo Bank is better than Swissquote.
Trying to decide between Saxo Bank and Swissquote? We’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.
| Overall Rating | Saxo Bank | Swissquote | AvaTrade |
|---|---|---|---|
| Overall Rating | 9.5 / 10 | 8.5 / 10 | 8.2 / 10 |
| Account Type | Saxo Bank | Swissquote | AvaTrade |
|---|---|---|---|
| Standard Account | Yes | Yes | Yes |
| Mini Account | Yes | Yes | Yes |
| Micro Account | Yes | Yes | Yes |
| Islamic Account | No | Yes | Yes |
| Copy Trading | Saxo Bank | Swissquote | AvaTrade |
|---|---|---|---|
| Social Trading / Copy Trading | Yes | Yes | Yes |
| DupliTrade | No | No | Yes |
| ZuluTrade | No | No | Yes |
| Cryptocurrency | Saxo Bank | Swissquote | AvaTrade |
|---|---|---|---|
| Cryptocurrency (Physical) | No | Yes | No |
| Cryptocurrency (CFD) | Yes | No | Yes |
| Bitcoin | Yes | Yes | Yes |
| ethereum | Yes | Yes | Yes |
| Forex Trading | Saxo Bank | Swissquote | AvaTrade |
|---|---|---|---|
| Forex Trading | Yes | Yes | Yes |
| Trading - Forex or CFDs | Yes | Yes | Yes |
| Indices (Index CFDs) | Saxo Bank | Swissquote | AvaTrade |
|---|---|---|---|
| DAX | Yes | Yes | Yes |
| Dow Jones | Yes | Yes | Yes |
| FTSE | Yes | Yes | Yes |
| NASDAQ 100 | Yes | Yes | Yes |
| Nikkei | Yes | Yes | Yes |
| SP 500 | Yes | Yes | Yes |
| Investments | Saxo Bank | Swissquote | AvaTrade |
|---|---|---|---|
| Forex Trading | Yes | Yes | Yes |
| Trading - Forex or CFDs | Yes | Yes | Yes |
| Spread Betting | No | No | Yes |
| Social Trading / Copy Trading | Yes | Yes | Yes |
| Metals | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes |
| Agriculturals | Yes | Yes | Yes |
| ETF | Yes | Yes | No |
| U.S. Stocks (CFD) | Yes | Yes | Yes |
| Trading Platforms | Saxo Bank | Swissquote | AvaTrade |
|---|---|---|---|
| Apple iOS App | Yes | Yes | Yes |
| Android App | Yes | Yes | Yes |
| Proprietary Platform | Yes | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes | Yes |
| Web Platform | Yes | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes | Yes |
| Regulatory Licenses | Saxo Bank | Swissquote | AvaTrade |
|---|---|---|---|
| Tier-1 Licenses | 6 | 4 | 4 |
| ASIC Authorised (Australia) | Yes | No | Yes |
| IIROC Authorised (Canada) | No | No | Yes |
| FCA Authorised (U.K.) | Yes | Yes | No |
| SFC Authorised (Hong Kong) | Yes | Yes | No |
| MAS Authorised (Singapore) | Yes | Yes | No |
| FINMA Authorised (Switzerland) | Yes | Yes | No |
| CFTC Registered (USA) | No | No | No |
| Tier-2 Licenses | 1 | 1 | 3 |
| Tier-3 Licenses | 0 | 0 | 1 |
| Research, Education | Saxo Bank | Swissquote | AvaTrade |
|---|---|---|---|
| Trading Central (Recognia) | No | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes | Yes |
| Daily Market Commentary | Yes | Yes | Yes |
| Autochartist | Yes | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes | Yes |
| Trading Costs | Saxo Bank | Swissquote | AvaTrade |
|---|---|---|---|
| Minimum Initial Deposit | $2,000 | $1000 | $100 |
| Average Spread EUR/USD - Standard | 0.8 (August 2020) | -1 | 0.91 (Aug 2020) |
| All-in Cost EUR/USD - Active | 0.6 (August 2020) | -1 | 0.61 (Aug 2020) |
| Active Trader or VIP Discounts | Yes | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | Yes |
| PayPal (Deposit/Withdraw) | No | Yes | Yes |
| Trading Tools | Saxo Bank | Swissquote | AvaTrade |
|---|---|---|---|
| Watchlists - Total Fields | 62 | 7 | 6 |
| Mobile Watchlist | Yes | Yes | Yes |
| Charting - Indicators / Studies (Total) | 62 | 49 | 90 |
| Mobile Charting - Indicators / Studies | 62 | 30 | 73 |
| Trust Factors | Saxo Bank | Swissquote | AvaTrade |
|---|---|---|---|
| Year Founded | 1992 | 1996 | 2006 |
| Publicly Traded (Listed) | No | Yes | No |
| Bank | Yes | Yes | No |
| Authorised in European Union | Yes | Yes | Yes |
| Trust Score | 99 | 99 | 93 |
