eToro vs Swissquote (2026): regulation, platforms and costs compared
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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan
eToro is a well‐regarded forex broker and multi‐asset platform offering broad access to currency markets via web and mobile trading. It provides social trading features, research, and education within an integrated interface…
Swissquote provides forex and multi-asset trading through proprietary and third-party platforms, with research, education, and customer support. It is well-regarded for a broad product range, clear pricing, and tools suitable for different…
eToro (Israel, founded 2007) holds 3 regulatory licences (ASIC, CySEC, FCA), 2 of them tier-1, offers Proprietary and sits in our low-fee bracket. Swissquote (Switzerland, founded 1996) holds 4 regulatory licences (CSSF, DFSA, FCA, FINMA), 3 of them tier-1, offers MT4, MT5, Proprietary and sits in our low-fee bracket. The two overlap in 216 countries; eToro is available in 1 countries where Swissquote is not, and Swissquote in 15 where eToro is not.
Verdict at a glance
Swissquote leads on trust rank, track record, regulatory coverage, platform choice, country coverage and tier-1 licences.
Level on instrument range and fee level.
Scored on 8 measurable dimensions where both brokers have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.
Copy Trading, Professional Trading, Retail Trading
Professional Trading, Retail Trading
Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that broker — we never fill gaps with estimates.
Pros
eToro
Tier-1 regulation (FCA/ASIC/CySEC)
Negative balance protection
Built-in social/copy trading
Multi-asset CFD account
Spread-only FX pricing
Swissquote
FINMA-regulated Swiss bank; publicly listed (SIX)
Segregated client funds with Swiss deposit protection up to CHF 100,000
NDD/STP execution with multi-bank liquidity
MT4/MT5 and Advanced Trader; FIX API access
80+ FX pairs plus CFDs and crypto
Cons
eToro
Higher spreads than ECN/STP brokers
No MT4/MT5 or third-party platform support
Market-maker execution (not true ECN/STP)
No guaranteed stop-loss orders
Withdrawal and currency conversion fees
Swissquote
Higher spreads than many ECN brokers
High minimum deposit for tighter pricing tiers
No cTrader platform support
No guaranteed stop-loss orders
Negative balance protection varies by entity
Key features
eToro
CFD forex trading on majors minors and exotics
Regulated by FCA CySEC and ASIC with segregated client funds
Social copy trading CopyTrader and Smart Portfolios
Proprietary web and mobile platform with ProCharts and economic calendar
Risk management orders stop loss take profit and negative balance protection
Two factor authentication and KYC AML security controls
Swissquote
Swiss bank regulation FINMA and FCA oversight
Advanced Trader MT4 and MT5 platforms
Wide range of forex and CFD instruments
Deep liquidity and competitive spreads
Research and trading tools Trading Central and Autochartist
Secure client fund segregation and deposit protection
Country availability: eToro vs Swissquote
Available at both (216): Albania, Algeria, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Bulgaria, Burkina Faso, Burundi, Cabo Verde, Cambodia, Cameroon, Canada, Cayman Islands, Chad, Chile, Christmas Island, Cocos (Keeling) Islands, Colombia and 176 more.
Only eToro (1): United States of America.
Only Swissquote (15): Afghanistan, American Samoa, Central African Republic, China, Congo, Ethiopia, Guam, Iraq, Lebanon, Mali, Nicaragua, Somalia, Venezuela, Yemen, Zimbabwe.
Both sit in the same fee bracket (low) in our catalogue; compare the spreads and commission rows above for detail.
Which is older, eToro or Swissquote?
Swissquote is the older of the two, founded in 1996; eToro was founded in 2007.
Are eToro and Swissquote available in the same countries?
They overlap in 216 countries. eToro is additionally available in 1 countries (United States of America) and Swissquote in 15 countries (Afghanistan, American Samoa, Central African Republic, China, Congo, Ethiopia and 9 more).
Risk warning: CFDs and forex are complex, leveraged instruments and carry a high risk of losing money rapidly. A majority of retail investor accounts lose money when trading CFDs. Nothing on this page is financial advice; verify licence status on the regulator's register before depositing. Full risk disclosure.