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

BrokerDNA

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

Swissquote
8.8 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT SWISSQUOTE
FXDD
6.8 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT FXDD
XTB
10 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT XTB
About

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

FXDD is regulated by MFSA. FXDD have provided Forex, Metals, Options, CFD, Oil trading services since 2002.

XTB is regulated by the Financial Conduct Authority. XTB have provided Forex, CFD, and social trading services since 2002.

Why choose them?
  • Yes Over 19 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
  • Yes Over 16 years in business
  • Yes
  • Yes
  • Yes Over 16 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, KNF, and CMB.
Headquarters Chemin de la Cretaux 33, 1196 Gland, Switzerland Floriana, Malta Level 34, One Canada Square, Canary Wharf, E14 5AA, London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) No No Yes
CFD No No Yes
Spread Betting No No No
Social Trading Yes Yes No
MARKETS & INSTRUMENTS
Forex (currency pairs) 138 48
Commodities Offered 7 21
Stocks Offered 0 10 1606
Bitcoin No No Yes
Majors Yes Yes Yes
Indices Yes No Yes
US Stocks Yes No Yes
Penny stocks Yes No Yes
Energies Yes No Yes
Metals Yes Yes Yes
Agriculturals No No Yes
FTSE Yes No Yes
Dow Jones Yes No Yes
Dax Yes No Yes
Nikkei Yes No Yes
ETFs No Yes Yes
IPO No No Yes
See all instruments

Losses can exceed deposits

See all instruments

73.6% of retail investor accounts lose money when trading CFDs with FXDD Malta Ltd.

See all instruments

76% 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 Yes
WebTrader Yes Yes Yes
Mirror Trader No Yes Yes
ZuluTrade Yes Yes No
Sirix No No No
cTrader No No No
PAMM No Yes No
Custom Platforms eTrading RoboX Xstation5

APPS

iOS image Yes Yes Yes
Android image Yes Yes Yes
Windows image Yes Yes Yes
Available Languages

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

English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian.

See platform & features

Losses can exceed deposits

See platform & features

73.6% of retail investor accounts lose money when trading CFDs with FXDD Malta Ltd.

See platform & features

76% 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 FXDD

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

Losses can exceed deposits

See account options

73.6% of retail investor accounts lose money when trading CFDs with FXDD Malta Ltd.

See account options

76% of retail investor accounts lose money when trading CFDs with this provider.

TRADING CONDITIONS

Scalping Yes Yes Yes
Hedging Yes No Yes
Expert advisors (EAs) Yes Yes Yes
Virtual private server No No No
Direct market access No Yes Yes
STP broker No No Yes
Market maker Yes Yes Yes
Min trade Varies 01 Lot 0.01 Lot
Max trade Varies None 100 Lot
Min deposit 1,000 $1 $1

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 No Yes
Signal trading Yes No Yes

FUNDING METHODS

Credit card Yes No Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No No Yes
Neteller No No Yes
Skrill No No Yes
Payment processing time 1 business day 2 business days Same day if requested before 1PM
Withdrawal processing time 1 business day 5 to 10 business days Same day if requested before 1PM
See all funding options

Losses can exceed deposits

See all funding options

73.6% of retail investor accounts lose money when trading CFDs with FXDD Malta Ltd.

See all funding options

76% of retail investor accounts lose money when trading CFDs with this provider.

DETAILED INFO

Excluded countries US US US,IN,PK,BD,IQ,IR,IL,AF,AU,CA
Contact email Send Email Send Email Send Email
Phone number 41 22 999 94 11 (356) 20133933 44 2036953085
Live Chat Yes No Yes
Website http://en.swissquote.com/ http://www.fxdd.com/mt/en.html www.xtb.com
Spreads:
EUR/USD (Average: 0.7 pips) 1.0 pips 1.6 pips + $3.00 0.1 pips
GBP/USD (Average: 1.1 pips) 1.1 pips 1.8 pips + $3.00 0.1 pips
USD/JPY (Average: 1.1 pips) 1.3 pips 1.6 pips + $3.00 0.1 pips
AUD/USD (Average: 0.8 pips) 1.0 pips 1.7 pips + $3.00 0.2 pips
USD/CHF (Average: 2.3 pips) 1.7 pips 2.0 pips + $3.00 0.2 pips
USD/CAD (Average: 2.9 pips) 2.2 pips 1.8 pips + $3.00 0.3 pips
NZD/USD (Average: 3.6 pips) 1.5 pips 1.8 pips + $3.00 0.3 pips
EUR/GBP (Average: 2.4 pips) 1.3 pips 1.7 pips + $3.00 0.1 pips
View all spreads

Losses can exceed deposits

View all spreads

73.6% of retail investor accounts lose money when trading CFDs with FXDD Malta Ltd.

View all spreads

76% of retail investor accounts lose money when trading CFDs with this provider.

FEES

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

Losses can exceed deposits

View All Fees

73.6% of retail investor accounts lose money when trading CFDs with FXDD Malta Ltd.

View All Fees

76% of retail investor accounts lose money when trading CFDs with this provider.

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Last update

All information collected from http://en.swissquote.com/. Last updated on 01/11/2019.

All information collected from http://www.fxdd.com/mt/en.html. Last updated on 01/11/2019.

All information collected from www.xtb.com. Last updated on 01/11/2019.

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.

FXDD is a trusted online broker regulated by multiple authorities around the world including the Financial Conduct Authority in the UK. FXDD offer customised solutions to everyone from retail traders, hedge fund managers to white label products. Their global reach and state of the art technology have enabled FXDD to outgrow other brokerages and become a global force in Forex trading. They provide customer service in 13 languages and have a devoted client service no matter the size of the trader. FXDD also provide comprehensive training to cater for all levels of traders and hold daily interactive classes taught by expert analysts on top of the web based tools including trading calculators. They provide two simple pricing models, standard and ECN. Standard offers low spreads with no commissions and guaranteed zero slippage. ECN provides low direct raw spreads with no markups and a small $2.99 per standard lot commission with a 99% fill rate.

XTB provides hyper fast execution and facilitates seminars with external professional traders, providing personalised education depending on your individual circumstances.

XTB operates with two factors in mind; to provide traders with the fastest execution speeds and to be the most transparent broker on the market, which is reflected by the services and products they provide.

XTB also have a dedicated education area - the Trading Academy - which contains material to help you become a better trader, including video tutorials, trading courses, articles and much more to improve your skills at every step of your trading journey.

If you are looking for a broker that is regulated by the Financial Conduct Authority and focuses on transparency, fast execution speeds and customer service, XTB is a great option.

For more information about trading with XTB, we have put together an in-depth XTB review covering the pros and cons of this broker.

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Swissquote or FXDD?

Low spreads or offers Islamic accounts ?

If you’re a trader looking for a broker with low spreads on popular instruments like EUR/USD, Swissquote is likely a better option. 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 to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

Swissquote is regulated by Financial Conduct Authority, while FXDD is regulated by MFSA.

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

XTB 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 FXDD have been around for 17 years. Our third alternative broker, XTB, have been around for 17 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.

Both Swissquote and FXDD use tier one banks, but we are not sure of which bank specifically.

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 FXDD 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 FXDD 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 FXDD are based in Floriana, Malta .

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 FXDD offer forex trading. Swissquote have a slightly larger variety of currency pairs with 138 pairs, compared to offered by FXDD. 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 FXDD does not offer commodity trading.

Swissquote and FXDD 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 FXDD offer this. Swissquote also offer the new & improved MT5 platform. Our alternative broker, XTB, 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. XTB, for example, offer a mini account, standard account and VIP account.

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 FXDD also allows scalping but doesn't allow hedging. You can trade with EAs (expert advisors) on both Swissquote and FXDD.

In terms of risk management tools, neither Swissquote or FXDD 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

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 FXDD charges 0.50 points. Therefore, FXDD 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 FXDD?

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

Objectively, Swissquote 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.