image Swissquote VISIT SWISSQUOTE image Darwinex VISIT DARWINEX image Forex.com VISIT FOREX.COM
About

Swissquote is regulated by FINMA (Swiss Financial Market Supervisory Authority). Swissquote have provided Forex, Commodities, Indices, Stocks, Bonds trading services since 1999.

Darwinex is regulated by the Financial Conduct Authority. Darwinex have provided Forex, Spread betting trading services since 2012.

Forex.com is regulated by the Financial Conduct Authority. Forex.com have provided Forex, Commodities, Indices trading services since 1999.

Why choose them?
  • Yes Over 19 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
  • Yes Over 6 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
  • Yes Over 19 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
Headquarters Chemin de la Cretaux 33, 1196 Gland, Switzerland London, UK London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) No No Yes
CFD No No Yes
Spread Betting No Yes No
Social Trading Yes Yes No
MARKETS & INSTRUMENTS
Forex (currency pairs) 138 40 80
Commodities Offered 7 12
Stocks Offered 0 220
Bitcoin No No Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks Yes No Yes
Penny stocks Yes No No
Energies Yes No Yes
Metals Yes Yes Yes
Agriculturals No No Yes
FTSE Yes Yes Yes
Dow Jones Yes No Yes
Dax Yes Yes Yes
Nikkei Yes Yes Yes
ETFs No No Yes
IPO No No Yes
See all instruments

Losses can exceed deposits

See all instruments

73% of retail investor accounts lose money when trading CFDs with this provider

See all instruments

70% of retail investor accounts lose money when trading CFDs with this provider

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 Yes Yes Yes
MT5 Yes No No
MT4 Mac No No No
WebTrader Yes Yes Yes
Mirror Trader No No No
ZuluTrade Yes No No
Sirix No No No
cTrader No No No
PAMM No Yes No
Custom Platforms eTrading Social Trading FOREXTrader PRO

APPS

iOS image Yes No Yes
Android image Yes Yes Yes
Windows image Yes No Yes
Available Languages

English, German, French, Italian, Spanish, Arabic, Russian, and Chinese

English, Spanish, Chinese, and French

English, Chinese, and Arabic

See platform & features

Losses can exceed deposits

See platform & features

73% of retail investor accounts lose money when trading CFDs with this provider

See platform & features

70% of retail investor accounts lose money when trading CFDs with this provider

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by Swissquote and Darwinex

Demo account Yes Yes Yes
Mini account Yes Yes Yes
Micro account No No No
Standard account Yes Yes Yes
ECN Account No No Yes
Islamic account No No Yes
Zero spread account No No No
VIP account No No No
Fixed spreads Yes No Yes
Variable spreads No Yes Yes
See account options

Losses can exceed deposits

See account options

73% of retail investor accounts lose money when trading CFDs with this provider

See account options

70% of retail investor accounts lose money when trading CFDs with this provider

TRADING CONDITIONS

Scalping Yes Yes Yes
Hedging Yes Yes Yes
Expert advisors (EAs) Yes Yes Yes
Virtual private server No Yes No
Direct market access No Yes Yes
STP broker No Yes Yes
Market maker Yes Yes Yes
Min trade Varies 0.01 Lot Varies
Max trade Varies None 5 million
Min deposit 1,000 $500 $50

RISK MANAGEMENT

Stop losses Yes Yes Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops Yes Yes Yes
Price alerts Yes Yes Yes
Signal trading Yes No No

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No No No
Neteller No No No
Skrill No No No
Payment processing time 1 business day 1-3 business days Varies
Withdrawal processing time 1 business day 1-3 business days 1-2 business days
See all funding options

Losses can exceed deposits

See all funding options

73% of retail investor accounts lose money when trading CFDs with this provider

See all funding options

70% of retail investor accounts lose money when trading CFDs with this provider

DETAILED INFO

Excluded countries US US BE
Contact email Send Email Send Email Send Email
phone number 41 22 999 94 11 44 20 7193 1232 Yes
Live Chat Yes Yes Yes
Website http://en.swissquote.com/ https://www.darwinex.com http://www.forex.com
Forex Spreads
EUR/USD 0.80 0.20 1.00
GBP/USD 1.00 0.50 1.00
USD/JPY 0.80 0.50 0.90
AUD/USD 1 1.2
Cryptocurrency Spreads N/A N/A
View all FX spreads

Losses can exceed deposits

View all FX spreads

73% of retail investor accounts lose money when trading CFDs with this provider

View all FX spreads

70% of retail investor accounts lose money when trading CFDs with this provider

INDICE SPREADS
Dax 30 1.4 250.0
Nasdaq 100 1.8 130.0
Euro Stoxx 50 2 4.0
ASX 200
S&P 500 0.6 50.0
FTSE 100 1.6 150.0
Google N/A
Facebook N/A
View all spreads

Losses can exceed deposits

View all spreads

73% of retail investor accounts lose money when trading CFDs with this provider

View all spreads

70% of retail investor accounts lose money when trading CFDs with this provider

FEES

Inactivity Fee No No No
Commission No Yes No
Deposit Fee No No No
Withdrawal Fee No Yes No
View All Fees

Losses can exceed deposits

View All Fees

73% of retail investor accounts lose money when trading CFDs with this provider

View All Fees

70% of retail investor accounts lose money when trading CFDs with this provider

Featured In Best Brokers For Indices
Best FTSE100 Brokers
Best Dow Jones Brokers
Best DAX Brokers
Best FCA Regulated Brokers
Best Brokers For Expert Advisors
Best 5 Digit Brokers
Best Brokers With VPS
Best Brokers For Indices
Best FCA Regulated Brokers
Best Futures Brokers
Best FTSE100 Brokers
Best Dow Jones Brokers
Best DAX Brokers
Best FCA Regulated Brokers
Last update

All information collected from http://en.swissquote.com/. Last updated on 01/07/2019.

All information collected from https://www.darwinex.com. Last updated on 01/07/2019.

All information collected from http://www.forex.com. Last updated on 01/07/2019.

Company

Swiss based Swissquote is an online trading company that provide everything you need to manage your assets online. With Swissquote you are only one click away from trading in the worlds major stock markets in over 1 million products. They give you access to equities, options and futures, funds, derivatives and more.

Swissquote have been listed on the Swiss Market Exchange for over 15 years have global offices including London, Hong Kong and Dubai and employ over 500 staff. They are a member of the Swiss Bankers Assoication and are also regulated by the Swiss Financial Market Supervisory Authority. Opening an account with Swissquote trading platform will grant you access to a premium financial information and analysis to keep in permanent touch with the markets.

Darwinex is an online forex trading service provider who are regulated by the Financial Conduct Authority. To open an account with Darwinex, minimum deposits start from $/£500.

With Darwinex you can trade Forex, indices, and commodities. If you like to trade on the go, Darwinex have iPhone and Android apps so you can trade from anywhere on your phone.

Darwinex offer MT4, MT4 mobile, MT4 iOS and MT4 Android platforms to make your trades and support 3 different languages.

They also offer traders free educational material to better understand the markets and trading strategies.

The spreads offered by Darwinex for the most popular instruments are:
0.38 EUR/USD, 0.8 FTSE 100, 0.12 GOLD,
0.43 GBP/USD, n/a DOW/JONES, n/a Crude Oil,
see all the spreads here.

FOREX is a market leading broker with over 15 years' experience in the industry serving over 200,000 traders worldwide. As a publically traded company on the NY stock exchange, regulated by multiple regulating bodies including the Financial Conduct Authority in UK, FOREX is a broker you can trust. FOREX offer competitive pricing through its advanced technology and execute your trades fast and at the price you expect or better. Pricing is simple and easy to understand with no complicated commission structures or small print, you know what you will pay. With a commitment to customer support they offer 24 hour support from 9pm Sun through to 9pm Friday.

Popular comparisons

Popular comparisons feat. Swissquote

Swissquote Alternatives

Swissquote vs Dukascopy
Swissquote vs XM
Swissquote vs Plus500
Swissquote vs IG
Swissquote vs Saxo Capital Markets

Popular comparisons feat. Darwinex

Darwinex Alternatives

Darwinex vs ZuluTrade
Darwinex vs Core Spreads
Darwinex vs eToro
Darwinex vs IG
Darwinex vs XM

Popular comparisons feat. Forex.com

Forex.com Alternatives

Forex.com vs Oanda
Forex.com vs eToro
Forex.com vs Plus500
Forex.com vs FXCM
Forex.com vs IG

Swissquote or Darwinex?

Well established or ?

If you’re a trader looking for a broker that has been established for a long time, Swissquote is likely a good choice. However, if

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider Swissquote and Darwinex to be equally reliable. We’ve broken down why below:

Who are they regulated by?

Swissquote and Darwinex are both regulated by Financial Conduct Authority

As the Financial Conduct Authority are one of the most stringent regulators in the world, both Swissquote and Darwinex will have very strict guidelines to follow to ensure they protect their retail trader clients.

Forex.com are also regulated by the Financial Conduct Authority.

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

Swissquote has been around for 20 years, while Darwinex have been around for 7 years. Our third alternative broker, Forex.com, have been around for 20 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Swissquote uses tier one banks as their banking partner.Darwinex does not use tier one banks as their banking partner.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

We’re not aware of any penalties or fines imposed by regulators on Swissquote or Darwinex in the past five years.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Both Swissquote and Darwinex are privately owned companies.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

Swissquote are based in Chemin de la Cretaux 33, 1196 Gland, Switzerland, while Darwinex are based in London, UK.

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both Swissquote and Darwinex offer forex trading. Swissquote have a slightly larger variety of currency pairs with 138 pairs, compared to 40 offered by Darwinex. Also, if you’re looking to trade cryptocurrencies,

If you’re looking to trade commodities like gold, silver or oil, Swissquote may be a better fit as Darwinex does not offer commodity trading.

Swissquote and Darwinex both offer social trading, which is a modern approach to trading that allows you to follow like-minded traders, copy their trading activity, and engage in discussion around trading strategies.

Platforms & Account Types

If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both Swissquote and Darwinex offer this. Swissquote also offer the new & improved MT5 platform. Our alternative broker, Forex.com, also offers MT4 and MT5.

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

Swissquote does allow scalping and hedging. While Darwinex also allows scalping and hedging. You can trade with EAs (expert advisors) on both Swissquote and Darwinex.

In terms of risk management tools, neither Swissquote or Darwinex offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.

Swissquote also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.

Swissquote accept Payoneer while Darwinex accept Payoneer.

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, Swissquote charges 0.80 points, while Darwinex charges 0.20 points. Therefore, Darwinex is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: Swissquote or Darwinex?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Darwinex is more reliable based on our criteria above. Swissquote has a wider range of instruments to trade. Swissquote offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.