Comparison Swissquote vs UFX

A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Swissquote vs UFX. Which of them: Swissquote or UFX a better online broker?

First of all, we’ll compare the commission fees of the two brokers. The commission fee of Swissquote on regular transactions of the stock exchange is from £15, and UFX has a commission fee of from 90 pips. For trading in Forex, the commission fee of Swissquote is average spread of 1.3 pips, while the commission fee of UFX is 3 pips. We can also analyze commission fees for trading CFD: they are from 0.06% in Swissquote vs from 50 pips in UFX. And for summarizing a complete picture, we should see trading in the metal market, where these brikers provide the following commissions: £1 per contract (Minimum £5) and from 50 pips for Swissquote and UFX, respectively. The full online broker reviews contains more detailed information on the brokers’ commission fees.

It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor are provided to customers by Swissquote and Stocks Trading, ETFs Trading, Forex Trading, Crypto Trading are provided by UFX. As for platforms, Swissquote offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, Android App, iOS App, while UFX 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. Swissquote was founded in Switzerland in 1996, and it is regulated by FCA, FINMA, DFSA, MAS, SFC. And UFX was founded in 2007 in Republic of Vanuatu, and it is regulated by VFSC. Withdrawal of funds from Swissquote can be done using Bank Wire with a withdrawal fee of depends on account type. And UFX provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of free. The withdrawal time for Swissquote is 1-2 working days, and that one for UFX is up to 10 business days.

As a result, the rating of Swissquote is 4 stars versus that of UFX of 3.6 stars.