United States
United Kingdom
Germany
Netherlands
Australia
United Arab Emirates
Canada
Italy
Spain
Austria
Croatia
Serbia
Portugal
CyprusSwissquote vs Interactive Brokers
What each one charges, who licenses it, and how they rank against each other country by country.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The short version
We rank both for forex in 8 countries, and Interactive Brokers comes out ahead in every one of them.
We score each country separately, based on the company that would actually hold your account there, so check your own country in the table below.
On fees it's a draw: each is cheaper on 1 of the 2 we could check for both.
Both hold top-tier (tier-1) licences: Swissquote from FINMA, Interactive Brokers from SEC / FINRA, FCA, CBI, ASIC, CIRO, SFC, MAS and JFSA.
- Interactive Brokers is cheaper for EUR/USD: 0.6 pips all-in, compared with 1.1 pips all-in at Swissquote.Edge: Interactive Brokers
- Swissquote doesn't charge a withdrawal fee; Interactive Brokers charges up to $10.Edge: Swissquote
- We list Swissquote in 8 of the 14 countries we cover and Interactive Brokers in 12. They overlap in 8.Edge: Interactive Brokers
- Only Swissquote supports TradingView, MetaTrader 4 and MetaTrader 5.
- Interactive Brokers gets more search attention than Swissquote (Market Signal 61 vs 44). That tells you how well known it is, not how good it is.
Where you can use each one
Where each one ranks on our list in every country we cover, its Coinish Score there, and the company that would hold your account. If a broker isn't allowed to take clients from a country, it isn't on that country's list.
Forex brokers
| Country | Swissquote | Interactive Brokers |
|---|---|---|
| Austria | #17 of 2855/100EU passport Swissquote Capital Markets Limited · CySEC | #6 of 2867/100EU passport Interactive Brokers Ireland Limited · CBI |
| Croatia | #15 of 2655/100EU passport Swissquote Capital Markets Limited · CySEC | #4 of 2667/100EU passport Interactive Brokers Ireland Limited · CBI |
| Cyprus | #16 of 2855/100Locally licensed Swissquote Capital Markets Limited · CySEC | #5 of 2867/100EU passport Interactive Brokers Ireland Limited · CBI |
| Germany | #18 of 2955/100EU passport Swissquote Capital Markets Limited · CySEC | #7 of 2967/100EU passport Interactive Brokers Ireland Limited · CBI |
| Italy | #19 of 3155/100EU passport Swissquote Capital Markets Limited · CySEC | #7 of 3167/100EU passport Interactive Brokers Ireland Limited · CBI |
| Netherlands | #17 of 2855/100EU passport Swissquote Capital Markets Limited · CySEC | #6 of 2867/100EU passport Interactive Brokers Ireland Limited · CBI |
| Portugal | #17 of 2955/100EU passport Swissquote Capital Markets Limited · CySEC | #6 of 2967/100EU passport Interactive Brokers Ireland Limited · CBI |
| Spain | #18 of 2955/100EU passport Swissquote Capital Markets Limited · CySEC | #7 of 2967/100EU passport Interactive Brokers Ireland Limited · CBI |
| Australia | Not listed | #7 of 1667/100Locally licensed Interactive Brokers Australia Pty. Ltd. · ASIC |
| Canada | Not listed | #4 of 667/100Locally licensed Interactive Brokers Canada Inc. · CIRO |
| United Kingdom | Not listed | #9 of 1767/100Locally licensed Interactive Brokers (U.K.) Limited · FCA |
| United States | Not listed | #3 of 467/100Locally licensed Interactive Brokers LLC · SEC / FINRA |
CFD brokers
| Country | Swissquote | Interactive Brokers |
|---|---|---|
| Austria | #19 of 3055/100EU passport Swissquote Capital Markets Limited · CySEC | #7 of 3067/100EU passport Interactive Brokers Ireland Limited · CBI |
| Croatia | #17 of 2855/100EU passport Swissquote Capital Markets Limited · CySEC | #5 of 2867/100EU passport Interactive Brokers Ireland Limited · CBI |
| Cyprus | #18 of 3055/100Locally licensed Swissquote Capital Markets Limited · CySEC | #6 of 3067/100EU passport Interactive Brokers Ireland Limited · CBI |
| Germany | #20 of 3155/100EU passport Swissquote Capital Markets Limited · CySEC | #8 of 3167/100EU passport Interactive Brokers Ireland Limited · CBI |
| Italy | #21 of 3355/100EU passport Swissquote Capital Markets Limited · CySEC | #8 of 3367/100EU passport Interactive Brokers Ireland Limited · CBI |
| Netherlands | #19 of 3055/100EU passport Swissquote Capital Markets Limited · CySEC | #7 of 3067/100EU passport Interactive Brokers Ireland Limited · CBI |
| Portugal | #19 of 3155/100EU passport Swissquote Capital Markets Limited · CySEC | #7 of 3167/100EU passport Interactive Brokers Ireland Limited · CBI |
| Spain | #20 of 3155/100EU passport Swissquote Capital Markets Limited · CySEC | #8 of 3167/100EU passport Interactive Brokers Ireland Limited · CBI |
| Australia | Not listed | #8 of 1867/100Locally licensed Interactive Brokers Australia Pty. Ltd. · ASIC |
| United Kingdom | Not listed | #10 of 1867/100Locally licensed Interactive Brokers (U.K.) Limited · FCA |
Stock brokers & investing apps
| Country | Swissquote | Interactive Brokers |
|---|---|---|
| Australia | Not listed | #5 of 871/100Locally licensed Interactive Brokers Australia Pty. Ltd. · ASIC |
| Austria | Not listed | #2 of 871/100EU passport Interactive Brokers Ireland Limited · CBI |
| Canada | Not listed | #3 of 571/100Locally licensed Interactive Brokers Canada Inc. · CIRO |
| Croatia | Not listed | #2 of 871/100EU passport Interactive Brokers Ireland Limited · CBI |
| Cyprus | Not listed | #2 of 971/100EU passport Interactive Brokers Ireland Limited · CBI |
| Germany | Not listed | #2 of 1271/100EU passport Interactive Brokers Ireland Limited · CBI |
| Italy | Not listed | #2 of 1171/100EU passport Interactive Brokers Ireland Limited · CBI |
| Netherlands | Not listed | #3 of 1071/100EU passport Interactive Brokers Ireland Limited · CBI |
| Portugal | Not listed | #2 of 971/100EU passport Interactive Brokers Ireland Limited · CBI |
| Spain | Not listed | #2 of 971/100EU passport Interactive Brokers Ireland Limited · CBI |
| United Kingdom | Not listed | #4 of 771/100Locally licensed Interactive Brokers (U.K.) Limited · FCA |
| United States | Not listed | #6 of 971/100Locally licensed Interactive Brokers LLC · SEC / FINRA |
Fees and features side by side
| Swissquote | Interactive Brokers | |
|---|---|---|
| Products | Stocks & ETFs, Forex, CFDs, Crypto | Stocks & ETFs, Forex, CFDs, Options, Futures, Crypto |
| Owner | Swissquote Group Holding Ltd | IBG LLC |
| EUR/USD all-in cost | 1.1 pips, Forex (spread from, no commission stated) | 0.6 pips, IBKR Pro (0.20 bps commission + spread from 0.1 pip) |
| US stock commission | Not verified yet | $1 per order |
| Crypto trading fee | Not verified yet | Not verified yet |
| Currency conversion fee | Not verified yet | Not verified yet |
| Inactivity fee | $10 per month after 6 months of inactivity (forex/CFD accounts; 10 units of the account currency) | None |
| Withdrawal fee | None | Up to $10 |
| Minimum deposit | $0 (Swissquote Bank Ltd) | $0 (Interactive Brokers LLC) |
| Instruments | Not verified yet | Not verified yet |
| Fractional shares | Not verified yet | Yes |
| Platforms | CFXD, MT4, MT5, TradingView | Client Portal, IBKR Desktop, Trader Workstation (TWS) |
| Deposit methods | SEPA credit transfer, Visa / Mastercard | Wire transfer, Electronic funds transfer (SEPA, ACH, BACS), Check (US only) |
| Withdrawal time (stated) | wire: 1–3 working days (handled the same day) | same day or next day (SEPA and bank wire) |
| Demo account | Yes | Yes |
| Support | live chat, email, phone |
Every figure comes from the broker's own pages or its regulator. You'll find the sources in each review (Swissquote, Interactive Brokers).
Licences
Interactive Brokers
- Interactive Brokers LLC: SEC / FINRA (Tier 1)
- Interactive Brokers (U.K.) Limited: FCA (Tier 1)
- Interactive Brokers Ireland Limited: CBI (Tier 1)
- Interactive Brokers Australia Pty. Ltd.: ASIC (Tier 1)
- Interactive Brokers Canada Inc.: CIRO (Tier 1)
- Interactive Brokers Hong Kong Limited: SFC (Tier 1)
- Interactive Brokers Singapore Pte. Ltd.: MAS (Tier 1)
- Interactive Brokers Securities Japan Inc.: JFSA (Tier 1)
- Interactive Brokers India Pvt. Ltd.: SEBI (Tier 2)
Swissquote vs Interactive Brokers: common questions
Which is better, Swissquote or Interactive Brokers?
We rank both for forex in 8 countries, and Interactive Brokers comes out ahead in every one of them. For reference, Swissquote's best ranking is #15 of 26 forex brokers in Croatia, and Interactive Brokers' best ranking is #2 of 12 stock brokers & investing apps in Germany.
Is Swissquote cheaper than Interactive Brokers?
Interactive Brokers is cheaper for EUR/USD: 0.6 pips all-in, compared with 1.1 pips all-in at Swissquote. Swissquote doesn't charge a withdrawal fee; Interactive Brokers charges up to $10.
Is Swissquote or Interactive Brokers better regulated?
Both hold top-tier (tier-1) licences: Swissquote from FINMA, Interactive Brokers from SEC / FINRA, FCA, CBI, ASIC, CIRO, SFC, MAS and JFSA. Which company you actually sign up with depends on where you live; the country table on this page names it for each one.
Can I use both Swissquote and Interactive Brokers where I live?
We list Swissquote in 8 of the 14 countries we cover and Interactive Brokers in 12. They overlap in 8. For forex, you'll find both on our lists in Austria, Croatia, Cyprus, Germany, Italy, Netherlands, Portugal and Spain.