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Swissquote Bank vs FXGT
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, Swissquote Bank currently holds a stronger overall rating (4.8) than FXGT (4.2).
Swissquote Bank has a higher minimum deposit than FXGT, at 1000.0.
Traders should note that
Swissquote Bank offers a minimum lot size of 1.0 and a maximum lot size of 1.0, while FXGT offers 0.01 and 100.0.
Swissquote Bank offers a lower maximum leverage of 1:100, whereas FXGT allows trading with up to 1:5000.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 1000.0 | 5.0 |
| Commission | 0.0 | - |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 1.0 | 0.01 |
| Maximum lot size | 1.0 | 100.0 |
| Spread | - | Variable |
| Broker type | STP | STP |
| Maximal leverage (1:?) | 100 | 5000 |
| Availability | STP | STP |
| Regulation | FCA (UK), FINMA (Switzerland), MFSA (Malta), DFSA (UAE) | FSA (Seychelles), CySEC (Cyprus), VFSC (Vanuatu), FSCA (South Africa) |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Web Platform, FXGT App, FXGT.com Trader |
| Funding/Withdrawal methods | Wire Transfer, Credit Card | Wire Transfer, Credit Card, Debit Card, Perfect Money, Neteller, Skrill, FasaPay, Bitcoin, Multiple local methods, Sticpay, Crypto |
| Account Currency | USD | USD, EUR, JPY, ZAR, BTC |
| Languages | English | English, Spanish, Malay, Thai, Arabic, Vietnamese |
| Country | Switzerland | Seychelles |
| Trading platform(s) timezone | China, Singapore, Uganda, United Kingdom | Seychelles |
| Other trading instruments | Stocks, Commodities, Precious Metals | Synthetic cryptos, GTi12 |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
