TD Direct Investing vs Swissquote : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

TD Direct Investing

Swissquote

Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

None

STP

Years of Existence / Established Year

1984

1996

Customer Base / Number of Accounts

17 M

610,000 accounts

Regulation & Security

Regulations (governing bodies)

CIPF, CIRO

FINMA CySEC FCA, DFSA

Awards Won (count for the last 2 years)

No major awards listed

Security Measures

CIPF

FSCS

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

Yes

Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

Fixed income investments, GICs

9000+ Markets including ETNs

Currency Pairs

Yes

Commodities

Yes

Indices

Yes

Cryptocurrencies

Yes

CFDs

Yes

ETFs

Yes

Stocks

Yes

Options

Yes

Futures

Yes

Bonds

Yes

Mutual Funds

Yes

Fractional Shares

Yes

Exchange Traded Notes (ETNs)

Yes

Precious Metals

Yes

Real Estate Investment Trusts (REITs)

Yes

Equities

Yes

Trading Platforms & Technology

Trading Platform Availability

Yes

MT4

Yes

MT5

Yes

cTrader

Social Trading

Copy Trading

Yes

Other Trading Platforms (proprietary, etc.)

TD app, web trader, Advanced dashboard, TD active trader

CFXD Swissquote App

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Margin account, cash trading account, TFSA, RSP, RESP, RIF, LIRA, LIF, RDSP

Standard Premium Prime Professional

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Minimum Deposit

€0

Leverage Available

1:100- 1 : 400

Trade Limit (maximum per trade)

Depends on asset types

Varies by instrument

Commission (per account type)

€0

Best Suited For (e.g., beginners, experienced traders)

Beginners and experienced traders

Beginners

Deposit & Withdrawal Options

Deposit Methods

Direct bank account, Check

Wire Transfer Credit/ Debit cards

Withdrawal Methods

SWIP, Wire payment

Wire Transfer Credit/ Debit cards

Other E-Wallets Supported

Tools & Educational Resources

Economic Calendar

Yes

Tools & Educational Resources (tutorials, webinars, market news, etc.)

Learning Centre - Investing Education, Market Insights and Analysis, Webinars, Investing Guides, Video Tutorials, TD Direct Investing Community Forum

AI generated sentiment analylsis Portfolio performance chart Recurring orders & Securities lending Stress test tool, ESG feature

Fees & Commissions

Trading-Related Fees

Commission -mutual funds- $0 , IPOs, Equities- $7.00- $9.99, Stock - $3- $43, Bonds- $40 + $1.50/1,000

Stocks - 0.1%, ETFs - 0.1%, Options / Futures - 2 Euro per contract, OTC Orders/ Grey market / other markets: 0.50%, minimum 100 currencies, Cryptocurrencies- €25 - 10,000 - 1%, Mutual funds - €24.95 minimum commission

Spread (typical, fixed, variable)

Variable

Per Lot Fees

0.00 pips

Options Contract Fees

$9.99 + $1.25 per contract

€0.85 per transaction

Futures Contract Fees

Markup Fees on Spread

Guaranteed Stop Loss Fees

Maximum Leverage

1:400

Non-Trading Fees

Dormant Fees

Subscription Fees (for premium features, data feeds)

Others- 0.25%Mutual funds - 0.5%

Advisory Fees

€0

Swap Fees (Overnight Financing)

Yes

Statement or Document Fee

$2-$5

EUWAX Market - 0.1%

Account Opening Fee

Applicable, Depends on account types

€0

Account Maintenance Fee

$25 per quarter

Quarterly Custody Fees for Cash Asset 0 to 50,000 CHF - 20 CHFAccount fees for precious metal account balances - 0.25%

Deposit Fee

$17.50 U.S

Bank / Post wire transfer - Free Crediting of cheques - 30 CHF Card deposits - 1.9% (Switzerland & Europe)/0% rest

Currency Conversion Fee

2.50%

UK - 0.5%

Withdrawal Fee

$30-$100

Wire transfer - Payment fees changes based on currency

Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

Trading Hours

Trading Hours (for each asset class if applicable)

Pre-market trading hours (8 a.m. to 9:30 a.m. ET) and after-hours trading (4 p.m. to 8 p.m. ET)

Forex Opening Hours: 8:00 - 18:00 CET. Monday to FridayForex dealing desk Opening hours: From 23:00 Sunday to 23:00 Friday CET

Customer Support

Support Hours (e.g., 24/7, weekdays only)

Monday to Friday, 7 am to 10 pm ET

8:00 - 22:00 CET Monday to Friday

Customer Support Methods (phone, email, live chat)

Phone: 1-800-465-5463, , Book an appointment

Phone: +41 44 825 88 88 Forex: +41 44 825 87 87 E-mail: [email protected] Forex dealing desk: +41 22 999 94 76

Support Languages

Additional Information

Headquarters Location

66 Wellington Street West, Toronto, ON M5K 1A2

Chemin de la Cretaux 33 P.O. Box 1032 1196 Gland

Complaints (for crypto brokers)

At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.

Both TD Direct Investing and Swissquote offer affordable fee structures, but TD Direct Investing generally edges out with no inactivity fees and lower commissions on standard trades, whereas Swissquote shines with bundled research and platform access.

TD Direct Investing makes starting out easy with a simple application, especially for retail clients. Swissquote platform, while requiring more effort to join, allows experienced traders to customize their accounts from the start.

Traders who value simplicity and execution speed may prefer TD Direct Investing platform. Meanwhile, Swissquote offers more flexibility through tools like advanced order types and multi-screen support.

TD Direct Investing delivers a robust ecosystem for seasoned traders, whereas Swissquote focuses on ease of access and modern usability.

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