Mitrade vs Swissquote: which broker is better in 2026?

We compare Mitrade and Swissquote — two forex & CFD brokers — side by side across regulation, fees, platforms, minimum deposit, and our editorial scores. Based on our overall editorial score, Swissquote edges ahead (3.9/5), but the right choice depends on what matters most to you — check the breakdown below.

Side-by-side comparison

CriteriaMitradeSwissquote

Overall score 3.6 3.9

Regulation & safety 3.5 4.5

Fees & deposit 4.0 3.0

Platform & assets 3.5 4.0

User support 3.5 4.0

Trust score72/10081/100

Minimum depositVaries by account type — check the official siteVaries by account type — check the official site

Demo accountAvailableAvailable

PlatformsProprietary web platform, iOS/Android mobile appAdvanced Trader, MetaTrader 4, MetaTrader 5, Mobile app

Fee modelCommission-free, spread-only pricing (plus overnight funding on leveraged positions) — exact spreads not yet verified in detailTends toward premium (higher fees than pure forex brokers) in exchange for bank status & security; exact figures not yet verified

Pros & cons

Mitrade

Multi-jurisdiction licensing (ASIC Australia, CySEC Cyprus, FSCA South Africa) with an easy, beginner-friendly proprietary platform
Commission-free spread-only pricing; Australian platform reportedly carries a Lloyd's of London excess-of-loss insurance policy (capped at AUD 1,000,000 for qualifying claims on insolvency)
Wide CFD coverage (forex, indices, commodities, crypto, ETFs, shares) on web + mobile, with demo accounts and modern payment options (Apple Pay/Google Pay in AU)

Regulatory history includes a 2023 ASIC interim stop order (later revoked) and a 2024 Philippines SEC advisory — worth reading before depositing
Own platform only — no MetaTrader 4/5 or cTrader for advanced/algorithmic traders
Leveraged CFDs are high-risk, and the UAE licence covers promotion only, not brokerage — entity coverage varies a lot by country

Swissquote

FINMA-licensed Swiss bank + public company (SIX: SQN) — top-tier institutional safety
Multi-asset: forex/CFDs, stocks, ETFs, bonds, crypto in one place
Platform choice: Advanced Trader + MT4/MT5

Fees tend toward premium (not the cheapest) — you 'pay' for bank-grade security
Less suitable for cost-sensitive scalpers
Leveraged products are high-risk

Regulation at a glance

Mitrade

Operates through separate entities per region: Mitrade Global Pty Ltd (Australia) under ASIC; MiTrade EU Limited (Cyprus) under CySEC (licence 438/23, since 9 October 2023); a Financial Sector Conduct Authority (FSCA) entity in South Africa via the 2025 acquisition of Fridah Asset Managers (to be renamed Mitrade Markets Pty Ltd); plus a 2026 UAE Capital Markets Authority Category 5 licence limited to introduction/promotion only (NOT brokerage). Which entity serves you — and its protections — depends on your country. Verify directly with the relevant regulator before signing up.

Swissquote

Swissquote Bank Ltd is a licensed bank supervised by FINMA (Switzerland); other entities are supervised by the FCA (UK), DFSA (Dubai), MAS (Singapore), and others. Publicly listed on the SIX exchange (SQN) — high financial transparency.