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Swissquote vs Saxo Bank

Swissquote or Saxo – which is better for UK traders 2025? Compare Swissquote and Saxo in this detailed breakdown of their platforms, features and fees.

Swissquote vs Saxo Comparison Table 2025
Swissquote	Saxo

4	4
Swissquote is ranked #57 among CFD brokers.	Saxo is ranked #64 among CFD brokers.
Review	Review
Founded in 1996, Swissquote is a prominent Swiss bank and broker, providing online trading opportunities for an impressive portfolio of three million products, including forex, CFDs, futures, options, and bonds. Renowned for its reliability, Swissquote has earned a solid reputation through pioneering trading solutions. It was the first bank to introduce cryptocurrency trading in 2017, and has since expanded its offerings to include fractional shares and the Invest Easy service.	Saxo Markets is a renowned trading brokerage, investment firm, and regulated bank. Featuring over 72,000 trading instruments, alongside investment products and managed portfolios, it provides abundant opportunities for clients. This reputable brand ensures transparent pricing and is protected by top-tier regulations from more than ten agencies, including FINMA, FCA, and ASIC.
	66% of retail accounts lose money.
Pros
Swissquote is highly reputable due to its status as a bank, its presence on the Swiss stock exchange, and its authorisations from credible regulators such as FINMA in Switzerland, FCA in the UK, and CSSF in Luxembourg. Swissquote is designed for rapid trading strategies, including scalping and high-frequency approaches. With an average execution speed of 9ms and a 98% fill ratio, it also supports FIX API. Swissquote offers robust platforms for traders, including MetaTrader 4/5 and its proprietary CFXD (formerly Advanced Trader). During testing, these platforms stood out with their adaptable layouts, advanced charting tools, and comprehensive technical indicators. Swissquote offers sophisticated research tools such as Autochartist for technical analysis and real-time news from Dow Jones. The firm's exclusive Market Talk videos and Morning News provide daily expert insights, catering to active traders.	Advanced proprietary trading platforms featuring extensive charting options and sophisticated analysis tools. Elite research centre offering specialised market analysis and exclusive forecasts, including 'Outrageous Predictions'. Outstanding educational materials are available, such as podcasts, webinars, and expert-led videos. Access to advanced external analysis tools, such as TradingView and Updata, is available. The ISA account offers easy access and flexibility, as it incurs neither entry nor exit fees. A well-regulated and reputable firm located in Switzerland. Reduced fees with advanced account levels.
Cons
Swissquote focuses on serving professional and high-net-worth clients, requiring substantial initial deposits, such as $1,000 for Standard accounts. This approach is less favourable for smaller traders who prefer brokers offering higher leverage and no deposit requirements. Analysis indicates that Swissquote's charges are relatively high. Forex spreads on Standard accounts begin at 1.3 pips, whereas brokers such as Pepperstone or IC Markets offer starting spreads of 0.0 pips. Additionally, transaction fees for non-Swiss stocks and ETFs could accumulate significantly for active traders. Unlike brokers like eToro that offer social trading capabilities, Swissquote does not provide tools for community interaction or replicating successful traders. This absence can reduce its attractiveness to those who prioritise peer-to-peer learning.	Trading accounts require substantial financial investment. A subscription is necessary to access Level 2 pricing. Clients from certain regions, such as the US and Belgium, are not accepted.
Awards
Top Innovative Companies 2025 – Statista ETF Online Broker of the Year 2024 – Swiss ETF Awards World’s Most Trustworthy Companies 2024 – Statista
FCA Regulated
Yes	Yes
Instruments
CFDs, Forex, Stocks, Indices, Bonds, Options, Futures, ETFs, Crypto (location dependent)	Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs
Demo Account
Yes	Yes
Minimum Deposit
$1,000	£500
Payment Methods
Credit Cards Debit Card Mastercard Visa Wire Transfer	Credit Cards Mastercard Visa Wire Transfer
Minimum Trade
0.01 Lots	Vary by asset
Regulator
FCA, FINMA, CSSF, DFSA, SFC, MAS, MFSA, CySEC, FSCA	DFSA, MAS, FCA, SFC, FINMA, AMF, CONSOB
Mobile Apps
iOS & Android	SaxoTraderGo (iOS, Android, Windows)
Trading App
The Swissquote app, honed over time, seamlessly merges banking with trading, offering swift access to a top-tier selection of over three million instruments, such as stocks, ETFs, and cryptocurrencies like Bitcoin. It surpasses the majority of trading apps we've reviewed, delivering a complete financial app with dynamic charts and distinctive features.
iOS App Rating
4.5	4.6
Android App Rating
3.4	4.6
Margin Trading
Yes	No
MetaTrader 4
Yes	No
MetaTrader 5
Yes	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	Yes
Autochartist
Yes	No
eSignal
No	No
Trading Central
Yes	No
STP Account
Yes	No
ECN Account
No	Yes
DMA Account
Yes	No
MAM Account
Yes	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
Yes	No
Robo Advisor
Yes	No
Negative Balance Protection
Yes	No
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader and FIX API solutions
Copy Trading
No	No
Social Trading
No	No
Trade Signals
Integrated in CFXD	Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
Yes	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP CAD AUD NZD JPY ZAR TRY SEK NOK CHF HKD SGD PLN AED SAR HUF THB QAR MXN	USD EUR GBP CAD AUD JPY SEK DKK CHF
Commodities
Oil Gasoline Silver Gold Palladium Platinum Natural Gas Copper Cocoa Sugar Soybeans Coffee Precious Metals	Gold Silver Natural Gas Oil Copper Corn
CFD
Swissquote has become a reliable CFD broker, offering trading opportunities across a broad range of global markets with rapid execution. The broker provides the intuitive CFXD platform as well as MetaTrader, and delivers insights from respected third-party sources such as Autochartist and Trading Central.	Trade over 8,900 CFDs, including forex, stocks, indices, commodities, options, and bonds. Utilise advanced tools and signals to enhance your trading experience.
Leverage
1:30	1:30
FTSE Spread
0.9	1.2 pts (Variable)
GBPUSD Spread<
1.7	0.7 (var)
Oil Spread
0.03	0.03
Stocks Spread
N/A	0.10% (subject to min commission)
Forex
Swissquote provides attractive terms for active forex traders, offering over 80 currency pairs. It ensures rapid execution speeds averaging 9ms and grants access to the popular MT4 platform.	Access top-tier liquidity across an extensive selection of 189 currency pairs and spot metals, as well as 130 forwards, with spreads starting as low as 0.4 pips.
Assets
80+	40+
GBPUSD Spread
1.7	0.7 (varies by region)
EURUSD Spread
1.3	0.2 (varies by region)
EURGBP Spread
1.5	0.6 (varies by region)

Swissquote	Saxo
Review	Review
	66% of retail accounts lose money.
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