Comparison Plus500 vs Swissquote

A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Plus500 vs Swissquote. Which of them: Plus500 or Swissquote a better online broker?

Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of Plus500 on regular transactions of the stock exchange is from 0.45%, and Swissquote has a commission fee of from £15. When analyzing trading options, the commission fees of Plus500 is from 2 pips, and that one of Swissquote is £1 per contract (Minimum £5). For trading in Forex, the commission fee of Plus500 is from 0.6 pips, while the commission fee of Swissquote is average spread of 1.3 pips. When analyzing commission fees in CFD: Plus500 provides from 0.065%, and Swissquote provides from 0.06%. For a more complete picture, let’s consider trading in the metal market, where Plus500 and Swissquote have commission fees of from 0.03% and £1 per contract (Minimum £5), respectively. You can read more detailed information on commission fees in the online broker reviews.

It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, Options Trading, ETFs Trading, Forex Trading, Futures Trading, Crypto Trading are provided to customers by Plus500 and Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor are provided by Swissquote. As for platforms, Plus500 offers Web Platform, Android App, iOS App, while Swissquote offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, Android App, iOS App.

Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. Plus500 was founded in 2008 in Israel, and it is regulated by FCA, CySEC, FSCA, FMA, MAS, ISA, ASIC. And Swissquote was founded in Switzerland in 1996, and it is regulated by FCA, FINMA, DFSA, MAS, SFC. Withdrawal of funds from Plus500 can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of £0. And Swissquote provides the ability to withdraw funds using Bank Wire with a withdrawal fee of depends on account type. The withdrawal time for Plus500 is 1-2 working days, and that one for Swissquote is 1-2 working days.

Overall, Plus500 boasts 4 stars versus Swissquote 4 stars.