ForexTB
Swissquote
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Overview
ForexTB was founded in 2015 and is headquartered in Cyprus, while Swissquote was established in 1999 and is based in Switzerland. ForexTB holds licences including Cyprus Securities and Exchange Commission (CySEC), while Swissquote is regulated by Financial Conduct Authority (FCA) among others. ForexTB serves 5,000+ clients worldwide; Swissquote has 300,000+. The minimum deposit is $250 at ForexTB and $0 at Swissquote.
| Feature | ForexTB | Swissquote |
|---|---|---|
| Min. Deposit | $250 | $0 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15 | Financial Conduct Authority (FCA) |
| Founded | 2015 | 1999 |
| Country | Cyprus | Switzerland |
| Clients | 5,000+ | 300,000+ |
Fees
Fees are a critical factor when choosing between ForexTB and Swissquote, directly affecting your bottom line as a trader. Swissquote has a lower barrier to entry with a minimum deposit of $0 (vs $250 at ForexTB). Neither broker charges withdrawal fees. Overall, Swissquote scores higher on fees in our assessment.
| Feature | ForexTB | Swissquote |
|---|---|---|
| Min. Deposit | $250 | $0 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
ForexTB offers MT4, MT5, cTrader, while Swissquote supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Swissquote supports social and copy trading features, which ForexTB does not offer. ForexTB edges ahead on platform breadth and functionality in our scoring.
| Feature | ForexTB | Swissquote |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, ZuluTrade, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how ForexTB and Swissquote compare. ForexTB runs regular live webinars; Swissquote does not. Both provide video tutorials. ForexTB publishes daily market commentary; Swissquote does not. Both integrate third-party research tools. ForexTB maintains an archive of past webinars for on-demand viewing. ForexTB scores higher overall in education and research.
| Feature | ForexTB | Swissquote |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. ForexTB accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Swissquote supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | ForexTB | Swissquote |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both ForexTB and Swissquote offer live chat support. Both provide phone support. Email support is available at both brokers. ForexTB supports 2 languages and Swissquote supports 8, giving Swissquote broader global reach. Both brokers are comparable on support quality.
| Feature | ForexTB | Swissquote |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, German, French, Italian, Spanish, Arabic, Russian, and Chinese |