Comparison Firstrade vs Swissquote

The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Firstrade vs Swissquote. Is Firstrade or Swissquote a better online broker?

First of all, we’ll compare the commission fees of the two brokers. The commission fee of Firstrade on regular transactions of the stock exchange is $0, and Swissquote has a commission fee of from £15. Let’s analyze the commission fees on trading options. Firstrade has a commission fee of $0, Swissquote has a commission fee of £1 per contract (Minimum £5). The full online broker reviews contains more detailed information on the brokers’ commission fees.

Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are Firstrade provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, and Swissquote provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor. As for platforms, Firstrade offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while Swissquote offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, Android App, iOS App.

Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. Firstrade was founded in 1985 in United States, and it is regulated by SEC and FINRA. And Swissquote was founded in Switzerland in 1996, and it is regulated by FCA, FINMA, DFSA, MAS, SFC. Withdrawal of funds from Firstrade can be done using Bank Wire with a withdrawal fee of $30 domestic US, $50 international. And Swissquote provides the ability to withdraw funds using Bank Wire with a withdrawal fee of depends on account type. The withdrawal time for Firstrade is 2-3 business days, and that one for Swissquote is 1-2 working days.

As a result, the rating of Firstrade is 3.9 stars versus that of Swissquote of 4 stars.