Swissquote vs Monex 2026: Which Broker is Better?
Choosing between Swissquote and Monex depends on your trading style, preferred markets, and budget. Swissquote is headquartered in Gland, Switzerland, while Monex operates from Tokyo, Japan. Swissquote has the longer track record, established in 1996, compared to Monex which was founded in 1999. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Swissquote
Monex
| Swissquote | Monex | |
|---|---|---|
| BrokerRank Score | 3.8/5 ✓ | 3.5/5 |
| Min. Deposit | $1000 | $0 ✓ |
| Spread from | 1.3 pips | 0 pips ✓ |
| Max Leverage | 1:100 ✓ | 1:3 |
| Regulation | FCA, MAS | FSA, SEC |
| Platforms | MT4, MT5, Proprietary Web | Proprietary Web, Proprietary Mobile, TradeStation JP |
Swissquote is the better choice overall, scoring 3.8/5 vs 3.5/5 on BrokerRank's independent rating. On fees, Monex offers lower spreads (0 pips).
See full side-by-side comparison belowSwissquote vs Monex: Key Differences
Swissquote
WinnerMonex
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Fees Comparison
Swissquote
Monex
Regulation & Trust
Swissquote holds licences from FCA, MAS. Monex is regulated by SEC, FSA.
Markets & Assets
Both brokers offer access to Forex, Stocks, Crypto markets. Swissquote additionally covers Cfd, Indices. Monex adds Etf.
Fees & Spreads
On spreads, Monex is more competitive with EUR/USD spreads from 0.0 pips, compared to 1.3 pips at Swissquote.
Trading Platforms
Swissquote supports MT4, MT5, Proprietary Web, Proprietary Mobile. Monex offers Proprietary Web, Proprietary Mobile, TradeStation JP. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
Swissquote requires a minimum deposit of $1,000, while Monex sets no minimum deposit. This makes Monex accessible to traders with any budget.
Overall Ratings
BrokerRank scores Swissquote at 3.80/5 and Monex at 3.42/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Swissquote leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
Swissquote
3.8/5
Choose Swissquote if you want…
- Higher overall rating (3.8/5)
- No per-trade commission
- Higher leverage (up to 1:100)
- More market types (6)
Monex
3.5/5
Choose Monex if you want…
- Tighter spreads (from 0 pips)
- No minimum deposit
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Frequently Asked Questions
1Is Swissquote better than Monex?
Swissquote scores higher overall on our independent rating system. Swissquote holds a 3.8/5 rating vs Monex's 3.5/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, Swissquote or Monex?
Swissquote offers spreads from 1.3 pips, while Monex starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Swissquote vs Monex?
Swissquote requires a minimum deposit of $1000. Monex requires $0.
4Which broker is safer, Swissquote or Monex?
Swissquote is regulated by FCA, MAS, while Monex holds licences from FSA, SEC.
5What trading platforms do Swissquote and Monex support?
Swissquote supports MT4, MT5, Proprietary Web, Proprietary Mobile. Monex supports Proprietary Web, Proprietary Mobile, TradeStation JP.
6Can I use both Swissquote and Monex?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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