Swissquote vs AvaTrade, Who's The Best?
Read our In-Depth Swissquote vs AvaTrade Review - Updated for 2024
This comprehensive analysis of Swissquote and AvaTrade has been revised to reflect any changes for 2024 by industry experts with extensive financial experience in Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of Swissquote vs AvaTrade does not apply to all countries as follows:
Swissquote Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
AvaTrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Swissquote vs AvaTrade
Each online trading platforms feature a few ups and downs, so a complete analysis of Swissquote vs AvaTrade would not be regarded as thorough without having an objective perspective.
Compare Swissquote and AvaTrade in order to understand how these platforms compare against one another prior to you decide to create an account. A comparative analysis can bring aspects in perspective so that you're cognizant of what you should anticipate.
So you are looking for a reputable broker and are choosing between Swissquote or AvaTrade. Who should you choose?
This Swissquote vs AvaTrade comparison contains the latest information so you can easily compare AvaTrade against Swissquote.
If you are a new entrant in the world of trading and brokerages, so many facts will be perplexing for you. Getting into the area of trading requires expert assessing skills and thorough understanding. You will acquire adept at all of the concepts of broker as you continue trading. For starters, you have to select the right agent who will be transparent with you constantly.
In this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment plan has the potential to create hefty returns. Swissquote and AvaTrade are just two such trading platforms which will take you along with your investment into great heights. It's important to compare Swissquote vs AvaTrade before you trust them with your money.
Our Swissquote vs AvaTrade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Swissquote and AvaTrade side by side.
Our entire Swissquote vs AvaTrade Review covers everything you will need to know about trading using either Swissquote or AvaTrade. A fantastic broker can multiply your first investments and provide you positive profits. If you would like to earn profits, you must trade with a broker service that aligns with your investing objectives.
There's absolutely no sure-fire way to ensure profits; thus, you should carefully analyze your broker before you select them. It is a frequent misconception that all agents are exactly the same, but that's not true. Wrong judgment, in the beginning, can set your investments in danger.
Swissquote and AvaTrade are both brokers which have found their way successfully into the broker world. In this review, we have tried to collate some of the vital facets of both Swissquote and AvaTrade. This review will help you to know whether either AvaTrade or Swissquote is a good fit for your investments or not. We have attempted to breakdown all the qualities and charges for your convenience.
Benefits of Swissquote and AvaTrade Compared
Swissquote offers a minimum deposit of $0 while AvaTrade has a $250 minimum deposit.
Why smaller minimum deposits are good and how Swissquote and AvaTrade compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
Swissquote allows you to trade around 100 financial instruments while AvaTrade allows you to trade around 100 on their platform.
The more financial instruments you can trade on the Swissquote and AvaTrade trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you should never want to miss out on a trading opportunity due to the limitations of Swissquote or AvaTrade.
Swissquote and AvaTrade Contact Details
Being able to contact your broker through many ways is important. Swissquote and AvaTrade have the following contact details and social medias that you can use.
Broker | Swissquote | AvaTrade |
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Telephone Number | +41 44 825 88 88 | +353 76 680 3327 |
cs@avatrade.com | ||
Address | Chemin de la Cr├®taux 33, Gland, Vaud 1196, Switzerland | Ul. Postpu 15, Warsaw, Masovian Voivodeship 02-676, PL |
Swissquote Twitter Account | AvaTrade Twitter Account | |
Swissquote Facebook Page | AvaTrade Facebook Page | |
Swissquote Instagram Account | AvaTrade Instagram Account | |
Swissquote LinkedIn Page | AvaTrade LinkedIn Page | |
YouTube | Swissquote YouTube Channel | AvaTrade YouTube Channel |
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AvaTrade and Swissquote Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
In this part of our comparison of Swissquote and AvaTrade we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of the apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
While most brokers are good at this, there are some poor ones. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
Swissquote vs AvaTrade - Awards
Broker | Swissquote | AvaTrade |
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Awards |
Swissquote have won many industry awards over the time they have been running as an online broker. We show the most notable awards for Swissquote here.
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At the time of writing this AvaTrade review, and despite AvaTrade’s impressive offering, the company has surprisingly not garnered any awards to date. |
Find Out More |
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Swissquote vs AvaTrade - Frequently Asked Questions
Swissquote vs AvaTrade - Headquarters And Year Of Founding
Swissquote was founded in 1999 and has its head office in Switzerland.
AvaTrade was founded in 2006 and has its headquaters in The British Virgin Islands.
What is the minimum deposit for AvaTrade or Swissquote
The minimum deposit for Swissquote is $0.
The minimum deposit for AvaTrade is $250.
Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both Swissquote and AvaTrade are a good choice.
Swissquote vs AvaTrade - Regulation And Licencing In More Detail
Swissquote is regulated by Financial Conduct Authority (FCA).
AvaTrade is regulated by Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI).
Both Swissquote and AvaTrade have a powerful collection of rules for ensuring honest trading onto their individual platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).
In accordance with their own privacy policies, client data is never to be shared with any other institutions or individuals. Including credit history and other financial information.
Compare Swissquote vs AvaTrade Commission And Fees
Swissquote and AvaTrade are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online trading platforms are scaled better. In other words, an online broker is not necessarily influenced by the number of customers they have.
But this doesn't necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There are primarily three different types of fees for this objective.
The first kind of charges to look out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you are charged trading fees. In these instances, you're spending a spread, funding speed, or even a commission. The kinds of trading fees and the prices vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the flip side, a spread denotes the difference between the buying and selling price. Financing or overnight rates are those who are charged when you maintain a leveraged position for longer than daily.
Apart from trading charges, online agents also bill non-trading fees. These are determined by the activities you undertake in your account. They're billed for operations like depositing money, not investing for lengthy periods, or withdrawals.
Generally, neither Swissquote or AvaTrade charge high fees compared to other online agents. For operations other brokers charge for, they do not charge a brokerage fee, or they charge a lesser sum. This can be beneficial for those who often trade, for example weekly or daily trading.
However, non-trading fees billed by Swissquote and AvaTrade are relatively greater. As a result, you're charged more for non-trading activities in your trading accounts, such as deposits and withdrawal. These are not about the sale and purchase of assets.
This Swissquote vs AvaTrade review for 2024 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For Swissquote And AvaTrade
What Languages Do Swissquote And AvaTrade Support?
Being able to communicate completely with your trading broker is a key part of comparing trading platforms to find your perfect trading partner. Not only for support but to ensure you understand everything on their website and inside their app as it is a key part of success when trading forex.
Below you can find the languages that both Swissquote and AvaTrade support.
How Many Clients Do Swissquote and AvaTrade Have?
Both Swissquote and AvaTrade are well established with their client base. It is important to work with an online broker you can trust and one of the easiest ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many users Swissquote and AvaTrade are active on their platform
What Payment Methods Do Swissquote and AvaTrade Accept?
Swissquote and AvaTrade both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at Swissquote and AvaTrade
What Can You Trade With Swissquote and AvaTrade?
Swissquote offers 100 trading instruments while AvaTrade offers 250.
Below you will find a full breakdown of what both Swissquote and AvaTrade offer.
Swissquote Review
Swissquote vs AvaTrade:
Table Of Contents
- Compare Swissquote vs AvaTrade
- Benefits of Swissquote and AvaTrade Compared
- AvaTrade and Swissquote Mobile App Comparison
- Swissquote vs AvaTrade - Awards
- Swissquote vs AvaTrade - Frequently Asked Questions
- What is the minimum deposit for AvaTrade or Swissquote
- Swissquote vs AvaTrade - Regulation And Licencing In More Detail
- Compare Broker Fees For Swissquote And AvaTrade
- What Languages Do Swissquote And AvaTrade Support?
- How Many Clients Do Swissquote and AvaTrade Have?
- What Payment Methods Do Swissquote and AvaTrade Accept?
- What Can You Trade With Swissquote and AvaTrade?