Swissquote vs XM 2026: which is better?
We compared Swissquote and XM on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences.
Key differences
- Swissquote holds 6 licences from strong regulators, against 0 for XM.
- The minimum deposit at XM is $5, against $1,000 at Swissquote.
- XM offers a swap-free Islamic account; Swissquote does not.
- XM offers copy trading; Swissquote does not.
Comparison table
| Comparison table |
Swissquote
Broker
|
XM
Broker
|
|---|---|---|
| Licences | FCA, DFSA, SFC, MAS, FINMA, CSSF, CySEC, FSCA, MFSA Best | FSC |
| Minimum deposit | $1,000 | $5 Best |
| Maximum leverage | 1:100 | 1:1000 |
| Trading platforms | MetaTrader 4, MetaTrader 5, CFXD, Mobile App | MetaTrader 4, MetaTrader 5, Mobile App, XM App |
| Markets | Forex, Stocks, Cryptocurrencies, Commodities and Gold, Indices, Exchange-Traded Funds (ETFs) | Forex, Stocks, Commodities and Gold, Indices, Exchange-Traded Funds (ETFs) |
| Islamic account | — | ✓ Yes |
| Demo account | ✓ Yes | ✓ Yes |
| Copy trading | — | ✓ Yes |
| Founded | 1996 | — |
| Headquarters | Gland, Switzerland | — |
| Read the review | Read the review |
Data is for information only and may change; always check the official website before opening an account.
Add a third broker to the comparison
Choose Swissquote if you
- want more licences from strong regulators
Choose XM if you
- want to start with less money
- need a swap-free Islamic account
- want to copy other traders
Frequently asked questions
Which is better, Swissquote or XM?
We compared Swissquote and XM on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences. Swissquote holds 6 licences from strong regulators, against 0 for XM. The minimum deposit at XM is $5, against $1,000 at Swissquote. The best choice depends on your country and trading style, so check which licence your account will be opened under.
Are Swissquote and XM regulated?
Swissquote licences: FCA, CySEC, DFSA, SFC, MAS, FSCA, FINMA, CSSF, MFSA. XM licences: FSC.
What is the minimum deposit at Swissquote and XM?
Swissquote: $1,000. XM: $5.
Do Swissquote and XM offer an Islamic account?
Swissquote: No. XM: Yes.