MIG Bank vs Swissquote: licences compared

Side-by-side view of each broker's licences, regulator tiers and key facts. Remember that protection depends on which entity holds your account.

AttributeMIG BankSwissquote
Licence Score—Not rated92Very strong
Strongest licence ? None on record 1 Tier 1
Licences on record07
1 FCA United Kingdom —Licensed
1 MAS Singapore —Licensed
1 FINMA Switzerland —Licensed
1 SFC Hong Kong —Licensed
2 DFSA United Arab Emirates —Licensed
2 MFSA Malta —Licensed
2 CSSF Luxembourg —Licensed
Founded20031996
HeadquartersSwitzerlandSwitzerland
TypeTrading bankTrading bank
Publicly listedNoSIX:SQN
Platforms—MT4, MT5, Proprietary
Minimum deposit—US$1,000
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Frequently asked questions

Is MIG Bank or Swissquote better regulated?

Swissquote has the higher Licence Score (92 vs 0), based on the number and tier of licences, operating history and public listing.

Which regulators license both MIG Bank and Swissquote?

They share no regulators in our database.

Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how they work and whether you can afford to take the high risk of losing your money. Read more.