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Head to head

Swissquote vs WM Markets

Swissquote is licensed by FINMA in Switzerland; FCA in the United Kingdom; CySEC in the European Union; SFC in Hong Kong and DFSA in Dubai (DIFC), UAE. WM Markets has no licence we could confirm on a regulator's register. The licence that applies to you depends on where you live, so check which company you would contract with before comparing anything else.

Minimum deposits start at $1,000 at Swissquote (the Prime account needs $50,000) and $50 at WM Markets. Only WM Markets offers negative balance protection and segregated client money.

Facts last checked: Swissquote on 20 October 2026, WM Markets on 20 October 2026.

Swissquote profileWM Markets profile
Broker 1
Broker 2
Broker 3

Monthly cost uses the account chosen in each slot: cost per lot × your lots. Swap and other fees are extra. The lowest monthly cost is highlighted only as a fact about cost, not as a recommendation.

Broker
SwissquoteStrictly regulatedRead the profile
WM MarketsRead the profile
Comparing
SwissquotePrime account · Switzerland
WM Markets

Overview

Founded
Not yet checked
Not yet checked
Headquarters
Switzerland
Fomboni, Mwali (Comoros)
Official websites
  • swissquote.com
  • swissquote.ch
  • swissquote.co.uk
  • swissquote.eu
  • swissquote.cy
  • wmmarkets.com
  • en.wmmarkets.com
Facts last checked
20 October 2026
20 October 2026

Regulation and protection

Company you would contract with
Swissquote Bank Ltd (Swissquote Bank SA)
No licence listed
Regulator
FINMA
Switzerland
No licence listed
Regulation level
Strictly regulated
No licence listed
Licence number
Bank licence
Check the register
No licence listed
Clients this company serves
Swiss residents and international clients not served by a local Swissquote company
No licence listed
All licences held
  • FINMA (Switzerland)
  • FCA (United Kingdom)
  • CySEC (European Union)
  • SFC (Hong Kong)
  • DFSA (Dubai (DIFC), UAE)
None listed
Segregated client money
No
Yes
Negative balance protection
No
Yes
Compensation scheme
Swiss depositor protection up to CHF 100,000 (Swissquote Bank); FSCS up to £85,000 (UK); ICF up to €20,000 (Cyprus)
None

Costs

Your monthly cost
$120$12 per lot × 10 lots
No accounts listed
Cost per lot (EUR/USD)
$12
No accounts listed
Spread from
1.1 pips
No accounts listed
Typical EUR/USD spread
1.2 pips
No accounts listed
Commission per lot (round turn)
None
No accounts listed
Typical GBP/USD spread
1.6 pips
Not yet checked
Typical USD/JPY spread
Not yet checked
Not yet checked
Typical XAU/USD spread
Not yet checked
Not yet checked
Swap-free account
Not yet checked
Yes

Leverage and margin

Maximum retail leverage
1:30 on major pairs (UK, EU); 1:100 standard at Swissquote Bank
Up to 1:2000 (dynamic, set per instrument)
Retail leverage by asset class
  • Major currency pairs (UK: 1:30
  • EUR/USD and other major pairs (Swissquote Bank): 1:100 (1% margin)
  • Gold (Swissquote Bank): 1:50 (2% margin)
Not yet checked
Margin call level
100% (maintenance margin)
100%
Stop-out level
30%
20%

Account

Minimum deposit (this account)
$50,000
No accounts listed
Base currencies
Not yet checked
No accounts listed
Execution
Spread only, minimum trade 1 lot
No accounts listed

Platforms and features

Platforms
  • MetaTrader 4
  • MetaTrader 5
  • CFXD
  • TradingView
  • FIX API
  • MetaTrader 4
  • MetaTrader 5
  • WM Markets mobile app
  • MT4 WebTrader
Markets
About 130 currency pairs, metals and CFDs on indices, commodities and bonds
CFDs on forex, metals, indices, energies, commodities, treasuries, shares, ETFs and cryptocurrencies
Demo account
Yes
Yes
Copy trading
Not yet checked
Yes
Expert advisors (automated trading)
Yes
Not yet checked
News trading allowed
Not yet checked
Not yet checked
Guaranteed stops
Not yet checked
Not yet checked

Deposits and withdrawals

Deposit methods
  • Bank transfer
Not yet checked
Withdrawal fee
Not yet checked
Not published; the agreement allows transfer-related and termination fees
Inactivity fee
10 units of the account currency a month after 6 months without activity
Accounts with no trading for six months are disabled and may pay maintenance charges (amount not published)

Support

Customer support
Not yet checked
24/5 multilingual support by live chat

Our notes

Strengths
  • Forex accounts held with a Swiss bank supervised by FINMA, with Swiss depositor protection up to CHF 100,000
  • Subsidiaries licensed by the FCA, CySEC and Hong Kong's SFC
  • Spread-only pricing with no commission on forex, and live spreads shown per account on its website
  • Negative balance protection is written into the client agreement
  • The agreement says client money is kept apart from the company's own funds
  • Says it holds a client funds insurance policy of up to $1,000,000
Watch out for
  • High entry level: $1,000 for Standard, $10,000 for Premium and $50,000 for Prime.
  • At Swissquote Bank, Swissquote warns that losses are in theory unlimited and you may have to pay in more if your balance falls below margin
  • Inactivity fee of 10 a month in the account currency after only 6 months
  • Says Swissquote South Africa (Pty) Ltd holds FSCA licence 43908 (advice and intermediary services); we could not confirm it on the FSCA register on 2026-10-20.
  • Says WM Markets Ltd holds MISA licence BFX2024009; we could not confirm it on MISA's register on 2026-10-20 (the register blocked automated access).
  • The agreement gives the company a lien over client assets and lets it pledge or reinvest assets held for clients
  • Leverage up to 1:2000, and payment methods and withdrawal fees are not listed on the public website
  • Inactive accounts are disabled after six months and may be charged maintenance fees that are not published

Risk warnings

The buttons to a broker’s website above the table are partner links: we may earn a commission if you open an account through them. That never changes the facts shown here. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Each broker’s own warning:

  • Swissquote: Trading leveraged products on the Forex platform, such as foreign exchange, spot precious metals and Contracts for Difference (CFDs), involves significant risk of loss due to the leverage and may not be suitable for all investors. Prior to opening an account with Swissquote, consider your level of experience, investment objectives, assets, income and risk appetite. Losses are in theory unlimited and you may be required to make additional payments if your account balance falls below the required margin level and therefore you should not speculate, invest or hedge with capital you cannot afford to lose, that is borrowed or urgently needed or necessary for personal or family subsistence. Over the past 12 months, 68.22% of retail investors have either lost money when trading CFDs, experienced a total loss of their margin at the closing of their position or ended up with a negative balance after closing their position.
  • WM Markets: Contracts for Difference (CFD) are complex financial instruments carrying a substantial level of risk and may not be suitable for all investors, as may result in the loss of all invested capital rapidly due to leverage. You should consider whether you understand how CFDs work, your investment objectives, level of experience, risk appetite, and, if necessary, seek advice from an independent financial advisor.

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Other head-to-head pages

Cost per lot is the typical EUR/USD spread in busy hours × $10, plus any round-turn commission, for one standard lot. “Not yet checked” means we have not confirmed that fact yet. This page compares facts; it does not rank the brokers or recommend either. Confirm costs and licences on each broker’s site and the regulator’s public register before opening an account: see how we review brokers and check a broker yourself.

Nothing on this page is financial advice. Read the full disclaimer.

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