Updated September 29, 2026 · BrokerCue Editorial Team
FP Markets vs Swissquote
Where FP Markets and Swissquote differ
| Compare |  FP Markets |  Swissquote |
|---|---|---|
| Minimum deposit | A$100 | $1,000 |
| Markets | Forex, CFDs | Stocks, Forex, CFDs, CryptoCovers more |
| Regulators | ASIC, SIPC | Commission de Surveillance du Secteur Financier (CSSF) |
| Investor protection | SIPC up to USD 500,000 | EU ICS up to EUR 20,000 |
| Stock trade fee | Not confirmed | $20 |
| Inactivity fee | Not confirmed | $10 |
| Retail accounts that lose money | 72.5% | Not confirmed |
| Maximum retail leverage | Not confirmed | 1:100 |
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Key differences
- FP Markets scores higher overall: 9.0 vs 8.8.
- Regulators: only FP Markets offers ASIC, SIPC.
- Regulators: only Swissquote offers Commission de Surveillance du Secteur Financier (CSSF).
- FP Markets is licensed in 1 more country.
- Markets: only Swissquote offers Stocks, Crypto.
Our verdict on each
FP Markets
FP Markets suits traders who want a regulated broker with a real protection scheme behind the money, not the lowest entry cost. It is regulated in Australia and the US, and the US entity carries SIPC cover of SIPC up to USD 500,000. The catch is the entry hurdle: a minimum deposit of AUD 100.
Swissquote
Swissquote runs a Swiss bank entity under CSSF supervision with EU investor compensation, so it suits traders who want a bank behind the account. The trade-off is entry cost: a stock trade fee of $20 and a minimum deposit of $1,000 sit well above cheaper rivals.
Score breakdown
| Area | FP Markets | Swissquote |
|---|---|---|
| Cost | 8.6Higher | 8.3Costs run high: stock trade fee $20, minimum deposit $1,000 and inactivity fee $10 sit above site medians. |
| Offer | 8.6 | 9.0Higher |
| Trust | 9.5Higher | 9.0 |
Availability and regulation
| Country | FP Markets | Swissquote |
|---|---|---|
| Australia | Not confirmed | |
| Luxembourg | Not confirmed | Commission de Surveillance du Secteur Financier (CSSF) MiCA CASP 549300M2IHOB9P5WE714 |
| United States | SIPC SIPC member 71021 | Not confirmed |
What each covers
| Markets | FP Markets | Swissquote |
|---|---|---|
| Stocks | No | Yes |
| Forex | Yes | Yes |
| CFDs | Yes | Yes |
| Crypto | No | Yes |
How they place
| Ranking | FP Markets | Swissquote |
|---|---|---|
| Forex brokers | 59 of 147 | 80 of 147 |
| Low-spread forex brokers | 57 of 145 | 78 of 145 |
| CFD brokers | 49 of 122 | 67 of 122 |
Every fact side by side
| Fact | FP Markets | Swissquote |
|---|---|---|
| Features | Not confirmed | Demo account, Mobile app |
| Legal entity | RB INTERNATIONAL MARKETS (USA) LLC | Swissquote Bank Europe SA |
| Headquarters | Not confirmed | Luxembourg |
| Founded | Not confirmed | 1996 |
| Support channels | Not confirmed | Phone, Help centre |
Robo-advisors
| Fact | FP Markets | Swissquote |
|---|---|---|
| Portfolio types | Not confirmed | ESG |
Where each stands against the rest
| Fact | FP Markets | Swissquote | Median |
|---|---|---|---|
| Stock trade fee | Not confirmed | $20highest quarter | $0 |
| Inactivity fee | Not confirmed | $10above the median | $0 |
| Retail accounts that lose money | 72.5%above the median | Not confirmed | 72.05% |
Median across 91 listed brokers.
Pros and cons
FP Markets
Pros
- Regulated in Australia and the US, with the US entity covered by SIPC up to USD 500,000.
- A single, named legal entity, RB INTERNATIONAL MARKETS (USA) LLC, holds the SIPC membership, licence SIPC member 71021.
- A focused product: forex and cfds, without a wider asset mix to learn.
Cons
- The minimum deposit of AUD 100 is well above the site median of €4.64.
- A limited market list, forex and cfds, so it does not cover shares, ETFs or crypto.
- The cost score is 3.1, one of the weaker parts of the profile.
Swissquote
Pros
- Regulated by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, with the legal entity named as Swissquote Bank Europe SA.
- Covers stocks, forex, CFDs and crypto on a single account, with retail leverage of 1:100.
- A demo account and a mobile app are both listed features, so you can test before committing.
Cons
- Costs are high for a retail account: a stock trade fee of $20 against a site median of €0.
- The minimum deposit of $1,000 ranks 191 of 213, far above the site median of €4.64.
- An inactivity fee of $10 applies, where the site median is €0.
Who each suits
FP Markets
Who it suits
- Traders who weight regulator and protection scheme above a low starting amount
- Anyone happy to trade a single market pair of products, forex and cfds
- US clients who want the SIPC scheme, SIPC up to USD 500,000, behind the account
Who should look elsewhere
- Small starters, who will find AUD 100 a high way in
- Investors wanting shares, ETFs or crypto, since forex and cfds covers neither
- eToro users who want a much wider asset list, stocks, etfs and forex
Swissquote
Who it suits
- Traders moving between forex, CFDs, crypto and shares on a single account
- Investors who put weight on a supervised bank entity and investor compensation
- People who want to practise on a demo account before risking money
Who should look elsewhere
- Newcomers with a small starting balance, since the minimum deposit is $1,000
- Share buyers focused on trading costs, given the stock trade fee of $20 against eToro at $0
- Passive long term investors, because the portfolio options listed are esg
Questions about each
FP Markets
What is the minimum deposit at FP Markets?+
The minimum deposit is AUD 100. That is a high way in, and it sits well above the site median of €4.64. Anyone starting with a small amount should look at a broker with a lower entry figure before committing.
Is my money protected at FP Markets?+
The US-facing entity, RB INTERNATIONAL MARKETS (USA) LLC, is covered by SIPC up to USD 500,000. That protection belongs to the US entity, so clients of other entities in the group should check which scheme applies to them before depositing.
Swissquote
How much does it cost to trade shares with Swissquote?+
The stock trade fee is $20, which is well above the site median of €0. Swissquote ranks 161 of 161 on this measure, so share dealing here is costly. eToro, by contrast, charges $0 per trade.
What is the minimum deposit to open an account?+
The minimum deposit is $1,000, which is a high bar for a first account. On our data Swissquote ranks 191 of 213 on this measure, against a site median of €4.64. Vantage asks for $5 and CFI for $0.
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