XM
Swissquote
VS
Higher Rated
XM
Capital at risk · T&Cs apply
Choosing between XM and Swissquote depends on your trading style, preferred markets, and budget. XM is headquartered in Limassol, Cyprus, while Swissquote operates from Gland, Switzerland. Swissquote has the longer track record, established in 1996, compared to XM which was founded in 2009. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
XM
Swissquote
| XM | Swissquote | |
|---|---|---|
| BrokerRank Score | 3.9/5 ✓ | 3.8/5 |
| Min. Deposit | $5 | $1000 ✓ |
| Spread from | 0.6 pips ✓ | 1.3 pips |
| Max Leverage | 1:1000 ✓ | 1:100 |
| Regulation | CySEC, ASIC, FCA ✓ | FCA, MAS |
| Platforms | MT4, MT5, Proprietary Mobile | MT4, MT5, Proprietary Web |
XM is the better choice overall, scoring 3.9/5 vs 3.8/5 on BrokerRank's independent rating. On fees, XM offers lower spreads (0.6 pips).
See full side-by-side comparison belowXM
WinnerSwissquote
XM
Lower feesSwissquote
XM holds licences from ASIC, FCA, CySEC. Swissquote is regulated by FCA, MAS.
Both brokers offer access to Forex, Cfd, Stocks, Indices markets. XM additionally covers Commodities. Swissquote adds Crypto.
On spreads, XM is more competitive with EUR/USD spreads from 0.6 pips, compared to 1.3 pips at Swissquote.
XM supports MT4, MT5, Proprietary Mobile. Swissquote offers MT4, MT5, Proprietary Web, Proprietary Mobile. Both brokers are available on MT4, MT5, Proprietary Mobile.
XM requires a minimum deposit of $5, while Swissquote sets a minimum deposit of $1,000. Both are suitable for traders with moderate starting capital.
BrokerRank scores XM at 3.92/5 and Swissquote at 3.80/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. XM leads overall with a clear advantage.
XM
3.9/5
Choose XM if you want…
Swissquote
3.8/5
Choose Swissquote if you want…
XM scores higher overall on our independent rating system. XM holds a 3.9/5 rating vs Swissquote's 3.8/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
XM offers spreads from 0.6 pips, while Swissquote starts at 1.3 pips. Check the fees section above for a full breakdown.
XM requires a minimum deposit of $5. Swissquote requires $1000.
XM is regulated by CySEC, ASIC, FCA, while Swissquote holds licences from FCA, MAS.
XM supports MT4, MT5, Proprietary Mobile. Swissquote supports MT4, MT5, Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.