Swissquote vs XM
Side-by-side comparison of regulation, trading costs, platforms, and account types for Swissquote and XM.
Swiss bank-grade broker offering forex and CFDs alongside traditional banking. FINMA-regulated and listed on the SIX Swiss Exchange — a premium choice for security-focused traders willing to accept higher entry costs.
Global broker with multi-jurisdictional licensing (CySEC, ASIC, FSCA, FSC-Belize, IFSC). Strong cTrader and MT4/MT5 offering, low minimum deposits, and broad product range. Important note: from 20 June 2025, the Monetary Authority of Singapore directed Internet Service Providers to block XM's website for Singapore residents (XM was found offering leveraged trading without a Capital Markets Services licence). Singapore residents are no longer able to open new XM accounts. Additionally, UK visitors are redirected to Trading.com (a separate XM Group entity) - XM does not directly accept UK retail clients. Other regions (AU, EU, MY) remain serviced.
Quick verdict
- Trust: Swissquote has the higher trust score.
- EUR/USD spread: XM is tighter on EUR/USD.
Side-by-side comparison
| Feature | Swissquote | XM |
|---|---|---|
| Trust score | 8.9 | 8.4 |
| Regulators | FINMA, FCA, MAS, SFC, DFSA | ASIC, CySEC, DFSA, FSCA, FSC-Belize |
| Headquarters | Gland, Switzerland | Cyprus |
| Founded | 1996 | 2009 |
| Min deposit | $1,000 | $5 |
| Max leverage | 1:100 | 1:1000 |
| EUR/USD spread | 1.30 pips | 0.70 pips |
| Commission per lot | $0.00 | $0.00 |
| Raw spread account | ||
| Standard account | ||
| Swap-free account | ||
| cTrader | ||
| MT4 | ||
| MT5 | ||
| TradingView | ||
| Scalping allowed | ||
| EAs / algo allowed | ||
| Hedging allowed | ||
| Copy trading | ||
| Deposit methods | Bank Wire, Credit/Debit Card | Bank Wire, Credit/Debit Card, Skrill, Neteller |
| Withdrawal methods | Bank Wire | Bank Wire, Credit/Debit Card, Skrill, Neteller |
| Withdrawal speed | 24h | 24h |
| Base currencies | USD, EUR, GBP, CHF | USD, EUR, GBP, AUD, JPY, SGD |