Swissquote vs Trading 212 Comparison
Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Swissquote vs Trading 212.
Can I trust Swissquote?
Swissquote has a trust score of 99, giving it a "Highly Trusted" trust label. Here's what each trust score label means:
- "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
- "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
- "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
- "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are – in most cases – operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
- "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a “Do Not Trust” rating.
Can I trust Trading 212?
Trading 212 has a trust score of 77, giving it a "Average Risk" trust label.
Is Swissquote a good broker?
Traders at Swissquote gain access to a balanced offering of easy-to-use proprietary trading platforms and popular third-party platforms like MetaTrader (both MT4 and MT5) and TradingView. Swissquote also delivers access to a staggering 3 million financial products, including stocks, options, futures, derivatives, ETFs, and structured products (though only a few hundred CFDs). With multiple Tier-1 regulatory licenses and a Trust Score rating of 99 (as well as the rare distinction of operating three banks), we consider Swissquote to be a highly trusted broker. It's worth noting that Swissquote's pricing is more expensive than what you'd find with low-cost forex brokers, and its forex account offers far fewer markets than Swissquote's eTrading account for share dealing.
Is Trading 212 a good broker?
Founded in 2004 and regulated by more than one Tier-1 regulator, Trading 212 delivers a proprietary, innovative trading app for web and mobile that is a great choice for beginner forex traders who want an intuitive platform for trading forex and CFDs or investing in shares. Though we love its well-designed trading platform, the market research and educational resources at Trading 212 are limited, and the broker's lack of advanced features may leave experienced forex traders wanting more.
What Tier-1 jurisdictions is each broker regulated in?
Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. Swissquote is Hong Kong (SFC Authorised), Singapore (MAS Authorised) and United Kingdom (U.K.) (FCA Authorised), while Trading 212 is United Kingdom (U.K.) (FCA Authorised).. Neither have Australia (ASIC Authorised), Canada (CIRO Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), New Zealand (FMA Authorised), Switzerland (FINMA Authorised) and USA (CFTC Authorized)
What Tier-2 jurisdictions is each broker regulated in? What about Tier-3?
Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, Swissquote is Cyprus (CySEC Authorised) and UAE (DFSA/Central Bank Authorised), while Trading 212 is Cyprus (CySEC Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), South Africa (FSCA Authorised) and Thailand (SEC Authorised). When comparing tier-3 licenses unfortunately, neither Swissquote nor Trading 212 are Bahamas (SCB Authorised), Belize (FSC Authorised), Bermuda (BMA Authorised), British Virgin Islands (FSC Authorised), Cayman Islands (CIMA Authorised), Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised).. Neither have Vanuatu (VFSC Authorised).
Which broker offers more trading platforms?
For trading platforms Swissquote supports a Proprietary Platform and Desktop Platform (Windows), whereas Trading 212 supports a Proprietary Platform.. Neither have cTrader, DupliTrade and ZuluTrade
Does Swissquote offer MetaTrader? Does Trading 212 offer MetaTrader?
For MetaTrader Swissquote provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while Trading 212 provides neither of these. If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.
How do Swissquote and Trading 212 differ in terms of minimum deposit? What about average spreads and funding options?
Swissquote requires a minimum deposit of $1000, while Trading 212 requires a minimum deposit of €10. From our testing we found Swissquote offers spreads of N/A, while Trading 212 offers spreads of N/A. Both Swissquote and Trading 212 offer Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for deposits.
Which broker offers more tradeable asset classes, Swissquote or Trading 212?
Swissquote offers a more diverse selection of investment options than Trading 212 allowing you to trade Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD).. Neither have Spread Betting Looking at total tradeable symbols, Swissquote has 472, compared to 1785 from Trading 212.
Can I trade cryptocurrency with Swissquote or Trading 212?
Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative — including spot forex contracts. In terms of trading physical cryptocurrency neither Swissquote nor Trading 212 allow you to trade physical cryptocurrencies.
Who offers more research tools, Swissquote or Trading 212?
In terms of research and research tools Swissquote gives traders the following tools: Autochartist, Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading. In comparison Trading 212 has the tools listed here: Daily Market Commentary, Stock Charts and Forex News (Top-Tier Sources).
Overall winner: Swissquote
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We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.