Plus500 vs Swissquote (2026): regulation, platforms and costs compared
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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan
Plus500 is a regulated forex and CFD broker offering broad access to currency pairs and other markets on a proprietary web and mobile platform. It provides built-in charting, order types, and risk…
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…
Plus500 (Israel, founded 2008) holds 11 regulatory licences (ASIC, CFTC, CySEC, DFSA, FCA…), 6 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 230 countries; Plus500 is available in 1 countries where Swissquote is not, and Swissquote in 1 where Plus500 is not.
Verdict at a glance
Plus500 leads on trust rank, regulatory coverage and tier-1 licences.
Swissquote leads on track record and platform choice.
Level on editorial rating, instrument range, country coverage and fee level.
Scored on 9 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.
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
Plus500
Multi-jurisdiction regulation and segregated client funds
Commission-free FX trading with competitive spreads
Negative balance protection and advanced risk tools
Intuitive WebTrader and mobile apps
Broad FX pair selection
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
Plus500
Market-maker execution (no ECN/STP/DMA)
Proprietary platform only (no MetaTrader/cTrader)
No algorithmic/API trading support
No commission-based raw-spread accounts
Inactivity fee after inactivity
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
Plus500
Multi asset CFD trading Forex Indices Commodities Shares ETFs Options and Crypto
Proprietary WebTrader platform on web and mobile advanced charting alerts and sentiment
Top tier regulation segregated client funds and FTSE 250 listed parent company
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.