SmartProfitFX vs Swissquote
Swissquote is the active current broker and Swiss bank route. Swissquote's own records say MIG Bank, originally MIG Investments, was acquired on 25 September 2013 and merged into Swissquote Bank on 9 December 2013. Current Swissquote terms, not old MIG terms, control this comparison.
Also searched as: MIG Bank, MIG Bank Ltd, MIG Investments, migbank.com, Swissquote Bank Ltd, Swissquote Bank SA, www.migbank.com
Verdict
SmartProfitFX and Swissquote are different account routes. SmartProfitFX is an Eightcap-powered option for eligible non-U.S. traders; Swissquote offers a Swiss bank relationship, tiered Rest of World forex pricing and multiple forex/CFD platforms. MIG Bank is only historical Swissquote lineage.
For an eligible Eightcap-powered setup
Choose SmartProfitFX only when current Eightcap-powered platforms, products, entity and eligibility fit, and the SmartProfitFX commission difference matters after reviewing live terms.
For a Swiss bank and broad platform choice
Swissquote may fit readers who value a FINMA-listed Swiss bank route, personal IBAN/eBanking features, CFXD and TradingView integration, MetaTrader 4/5, or FIX API access.
Bank status does not remove leveraged-trading risk
Swissquote says FX/CFD losses are theoretically unlimited, additional payments may be required, the bank is the sole counterparty, and regional products and terms vary. MIG Bank's old terms are not current.
Quick comparison
Research checked 2026-06-10. Broker terms can change; verify current official documents before opening or funding an account.
| Category | SmartProfitFX powered by Eightcap | Swissquote |
|---|---|---|
| Best fit | Eligible non-U.S. traders who want the SmartProfitFX account setup powered by Eightcap, including Eightcap-powered platform, market, funding and support context plus the $1 lower round-trip commission versus opening directly with Eightcap. | Readers who want the applicable Swissquote Bank route, have verified regional eligibility, and value tiered forex accounts plus CFXD/TradingView, MetaTrader 4/5 or FIX API choices while accepting Swissquote's leveraged-trading and sole-counterparty risk terms. |
| Account setup | SmartProfitFX is an account-opening option powered by Eightcap, not the regulated broker. The account relationship depends on current Eightcap documents and eligibility rules. | The current Rest of World forex account page lists Standard, Premium, Prime and Professional tiers. Standard lists a USD 1,000 minimum deposit and minimum trade size of 0.01 lot / 1,000 currency units. Premium lists a USD 10,000 minimum deposit and minimum trade size of 0.1 lot / 10,000 currency units. Prime lists a USD 50,000 minimum deposit and minimum trade size of 1 lot / 100,000 currency units. Professional uses bespoke pricing, custom trade size, custom leverage and a volume-based minimum deposit. Standard leverage is shown as 1:100 for Standard, Premium and Prime on the reviewed Rest of World page, but leverage and products can vary by region and client. |
| Pricing and spreads | Eightcap-powered terms should be checked through current Eightcap documents; SmartProfitFX adds a $1 lower round-trip commission than opening directly with Eightcap where applicable. | Standard lists forex spreads from 1.7 pips, Premium from 1.4 pips and Prime from 1.1 pips, each shown with no forex commissions on the reviewed Rest of World page. Swissquote says all-in spreads without commissions apply to more than 130 currency pairs, metals and CFDs on indices, commodities and bonds. That no-commission statement does not cover every product: stock CFDs have per-side commissions and forward products can have round-turn commissions. Stock CFDs can also incur overnight financing, borrowing fees for overnight short positions and dividend adjustments. A retail inactivity fee of up to 10 base-currency units per month can apply after six months with no open positions and no trading. Pricing, swaps, margin requirements and live spreads can change and should be checked inside the selected regional platform. |
| Commissions and fees | The SmartProfitFX pricing point is the $1 lower round-trip commission versus opening directly with Eightcap, after confirming the account type and region. | Standard lists forex spreads from 1.7 pips, Premium from 1.4 pips and Prime from 1.1 pips, each shown with no forex commissions on the reviewed Rest of World page. Swissquote says all-in spreads without commissions apply to more than 130 currency pairs, metals and CFDs on indices, commodities and bonds. That no-commission statement does not cover every product: stock CFDs have per-side commissions and forward products can have round-turn commissions. Stock CFDs can also incur overnight financing, borrowing fees for overnight short positions and dividend adjustments. A retail inactivity fee of up to 10 base-currency units per month can apply after six months with no open positions and no trading. Pricing, swaps, margin requirements and live spreads can change and should be checked inside the selected regional platform. |
| Platforms | SmartProfitFX users should verify current Eightcap-powered platform availability, including MetaTrader and TradingView-style workflows where available. | Current forex and CFD platform choices include CFXD, TradingView through a CFXD connection, MetaTrader 4 and MetaTrader 5, plus FIX API solutions. CFXD is a web platform with TradingView charting and integrated Autochartist. MetaTrader 4 and 5 support desktop, web and mobile access, automated trading and copy trading; available products differ by platform. The current comparison table says stock CFDs and crypto CFDs are available on CFXD and MT5 but not MT4. TradingView direct trading requires a CFXD account. |
| Markets | Eightcap states broad CFD market access; eligible SmartProfitFX users should confirm the live Eightcap-powered market list for their account and region. | The current demo page advertises more than 400 forex and CFD instruments. The reviewed product scope includes currency pairs, precious metals and CFDs on stocks, cryptocurrencies through CFXD, commodities, stock indices and bonds. The trading-conditions page describes more than 130 currency pairs, metals and CFDs on indices, commodities and bonds under its all-in-spread model. Products vary by residence, regional site, platform and account. |
| Entity and regulation | SmartProfitFX should not be presented as the regulated broker; check the applicable Eightcap entity and legal documents. | Swissquote is the current active brand and Swissquote Bank Ltd is the current bank entity named on the reviewed Rest of World pages. FINMA's current authorised-banks list includes Swissquote Bank SA in Gland as a bank. Swissquote says MIG Bank was founded in 2003 under the name MIG Investments. Swissquote says it acquired 100% of MIG Bank on 25 September 2013 with the intention of merging it into Swissquote Bank. Swissquote's 2013 results presentation says MIG Bank was merged into Swissquote Bank on 9 December 2013. The same presentation says the former MIG subsidiaries were renamed Swissquote Ltd in London and Swissquote Asia Ltd in Hong Kong. MIG Bank and MIG Investments are historical acquisition lineage, not separate current account-opening brands. FINMA's current authorised-banks list includes Swissquote Bank SA in Gland. The reviewed Swissquote pages identify Swissquote Bank Ltd as the provider of the Rest of World forex and CFD route. MIG Bank was fully merged into Swissquote Bank in December 2013 and should not be described as a separate current licence. Swissquote operates multiple regional routes; the applicable entity and legal terms must be matched to the user's residence and onboarding flow. |
| Funding | Check current Eightcap-powered deposit and withdrawal methods, processing times, fees and region rules before funding. | The current trading-conditions page lists wire transfer for deposits and withdrawals. Swissquote says withdrawal processing can take up to one working day and third-party fees may apply. The forex account page describes a personal Swiss IBAN and eBanking portal for the reviewed route. The same page describes depositor protection up to CHF 100,000 in bankruptcy proceedings; readers should verify the applicable entity and account coverage. |
| Eligibility and risk | SmartProfitFX eligibility follows current SmartProfitFX and Eightcap restrictions, including non-U.S. availability limits. | Swissquote's site asks users to choose the region corresponding to their residence and warns that products may vary. Swissquote's important legal information says products and services are not intended where nationality, residence, place of business or local law prohibit or restrict access. The reviewed Rest of World legal page says the presented products and services are not intended for U.S. residents. Old MIG Bank domains or historical global-client statements do not establish current eligibility. Swissquote says leveraged forex, spot precious metals and CFDs involve significant loss risk and may not be suitable for all investors. The reviewed risk disclosure says losses are in theory unlimited and clients may be required to make additional payments below the required margin level. The reviewed risk page displayed inconsistent dynamic retail-loss figures on 2026-06-10: 68.37% in the main warning and 68.73% in the footer warning. Readers should verify the live figure rather than rely on either cached value. For these forex and CFD transactions, Swissquote says the bank is the sole counterparty and is not required to seek the best possible outcome when carrying out orders. Stop-loss orders can execute at prices materially worse than requested, leverage magnifies losses, and volatility or illiquidity can cause wider spreads, rejected orders or automatic liquidation. |
Swissquote source-checked research brief
The notes below use current Swissquote and FINMA sources plus Swissquote's own MIG Bank acquisition and merger records. Old MIG account terms are excluded.
Account setup and onboarding facts
- The current Rest of World forex account page lists Standard, Premium, Prime and Professional tiers.
- Standard lists a USD 1,000 minimum deposit and minimum trade size of 0.01 lot / 1,000 currency units.
- Premium lists a USD 10,000 minimum deposit and minimum trade size of 0.1 lot / 10,000 currency units.
- Prime lists a USD 50,000 minimum deposit and minimum trade size of 1 lot / 100,000 currency units.
- Professional uses bespoke pricing, custom trade size, custom leverage and a volume-based minimum deposit.
- Standard leverage is shown as 1:100 for Standard, Premium and Prime on the reviewed Rest of World page, but leverage and products can vary by region and client.
Spreads, commissions and fee context
- Standard lists forex spreads from 1.7 pips, Premium from 1.4 pips and Prime from 1.1 pips, each shown with no forex commissions on the reviewed Rest of World page.
- Swissquote says all-in spreads without commissions apply to more than 130 currency pairs, metals and CFDs on indices, commodities and bonds.
- That no-commission statement does not cover every product: stock CFDs have per-side commissions and forward products can have round-turn commissions.
- Stock CFDs can also incur overnight financing, borrowing fees for overnight short positions and dividend adjustments.
- A retail inactivity fee of up to 10 base-currency units per month can apply after six months with no open positions and no trading.
- Pricing, swaps, margin requirements and live spreads can change and should be checked inside the selected regional platform.
Platforms, markets and instruments
- Current forex and CFD platform choices include CFXD, TradingView through a CFXD connection, MetaTrader 4 and MetaTrader 5, plus FIX API solutions.
- CFXD is a web platform with TradingView charting and integrated Autochartist.
- MetaTrader 4 and 5 support desktop, web and mobile access, automated trading and copy trading; available products differ by platform.
- The current comparison table says stock CFDs and crypto CFDs are available on CFXD and MT5 but not MT4.
- TradingView direct trading requires a CFXD account.
- The current demo page advertises more than 400 forex and CFD instruments.
- The reviewed product scope includes currency pairs, precious metals and CFDs on stocks, cryptocurrencies through CFXD, commodities, stock indices and bonds.
- The trading-conditions page describes more than 130 currency pairs, metals and CFDs on indices, commodities and bonds under its all-in-spread model.
- Products vary by residence, regional site, platform and account.
Legal route, restrictions and client scope
- Swissquote is the current active brand and Swissquote Bank Ltd is the current bank entity named on the reviewed Rest of World pages.
- FINMA's current authorised-banks list includes Swissquote Bank SA in Gland as a bank.
- Swissquote says MIG Bank was founded in 2003 under the name MIG Investments.
- Swissquote says it acquired 100% of MIG Bank on 25 September 2013 with the intention of merging it into Swissquote Bank.
- Swissquote's 2013 results presentation says MIG Bank was merged into Swissquote Bank on 9 December 2013.
- The same presentation says the former MIG subsidiaries were renamed Swissquote Ltd in London and Swissquote Asia Ltd in Hong Kong.
- MIG Bank and MIG Investments are historical acquisition lineage, not separate current account-opening brands.
- FINMA's current authorised-banks list includes Swissquote Bank SA in Gland.
- The reviewed Swissquote pages identify Swissquote Bank Ltd as the provider of the Rest of World forex and CFD route.
- MIG Bank was fully merged into Swissquote Bank in December 2013 and should not be described as a separate current licence.
- Swissquote operates multiple regional routes; the applicable entity and legal terms must be matched to the user's residence and onboarding flow.
- Swissquote's site asks users to choose the region corresponding to their residence and warns that products may vary.
- Swissquote's important legal information says products and services are not intended where nationality, residence, place of business or local law prohibit or restrict access.
- The reviewed Rest of World legal page says the presented products and services are not intended for U.S. residents.
- Old MIG Bank domains or historical global-client statements do not establish current eligibility.
Funding workflow and risk warnings
- The current trading-conditions page lists wire transfer for deposits and withdrawals.
- Swissquote says withdrawal processing can take up to one working day and third-party fees may apply.
- The forex account page describes a personal Swiss IBAN and eBanking portal for the reviewed route.
- The same page describes depositor protection up to CHF 100,000 in bankruptcy proceedings; readers should verify the applicable entity and account coverage.
- Swissquote says leveraged forex, spot precious metals and CFDs involve significant loss risk and may not be suitable for all investors.
- The reviewed risk disclosure says losses are in theory unlimited and clients may be required to make additional payments below the required margin level.
- The reviewed risk page displayed inconsistent dynamic retail-loss figures on 2026-06-10: 68.37% in the main warning and 68.73% in the footer warning. Readers should verify the live figure rather than rely on either cached value.
- For these forex and CFD transactions, Swissquote says the bank is the sole counterparty and is not required to seek the best possible outcome when carrying out orders.
- Stop-loss orders can execute at prices materially worse than requested, leverage magnifies losses, and volatility or illiquidity can cause wider spreads, rejected orders or automatic liquidation.
Swissquote caveats
These caveats keep the comparison useful without overstating what the Swissquote official sources prove.
Current pages, not directory summaries
The Swissquote side is based on official pages fetched for this brief. Discovery-directory descriptions should not be reused as page facts.
Match the account-opening entity
A broker brand can route clients through different legal entities. Confirm the entity, licence or registration and country restrictions in the live onboarding flow.
Pricing and fees can change
Treat brokerage, spread, commission, swap and funding examples as date-checked source facts, not permanent promises.
Trading and margin can create losses
The comparison does not reduce trading risk. Review leverage, margin, client-money, negative-balance and loss-risk wording where those topics apply before opening or funding an account.
MIG Bank is historical Swissquote lineage
Swissquote says it acquired 100% of MIG Bank and merged it into Swissquote Bank in 2013. MIG Investments and MIG Bank should remain visible for old-name searches, but current Swissquote terms control.
No-commission forex does not mean no charges
The reviewed tiers show no forex commissions and all-in spreads for specified products, but stock CFDs, forwards, overnight positions, borrowing, inactivity and other services can carry separate charges.
Swiss bank status does not cap FX/CFD losses
Swissquote's risk disclosure says losses are theoretically unlimited, additional payments may be required, and the bank is the sole counterparty for the reviewed forex and CFD transactions.
Who should choose which?
Choose based on the current account relationship, platform, region, pricing model and risk terms, not the historical MIG Bank name.
- You are eligible outside the United States and want the SmartProfitFX account setup powered by Eightcap.
- You prefer the current Eightcap-powered platform and market route over Swissquote's separate bank and forex/CFD account structure.
- You have verified the applicable Eightcap entity, pricing, funding and risk terms.
- The SmartProfitFX commission difference matters after platform and account fit are clear.
- You want the applicable Swissquote Bank relationship and have verified regional eligibility.
- You prefer CFXD/TradingView, MetaTrader 4/5 or FIX API after checking platform-specific product support.
- The selected Standard, Premium, Prime or Professional account terms fit your deposit, trade-size and pricing needs.
- You understand that leveraged forex and CFDs can create losses exceeding initial margin and that Swissquote is the sole counterparty for the reviewed route.
FAQs
Is SmartProfitFX better than Swissquote?
SmartProfitFX is the better fit only when you are eligible for the SmartProfitFX account setup powered by Eightcap and you prefer that platform, market, funding and support context before weighing the $1 lower round-trip commission than opening directly with Eightcap.
What did the Swissquote source review cover?
The review checked 15 primary-source URLs on 2026-06-10, covering current accounts, pricing, platforms, products, FINMA status, regional restrictions, funding and risk plus Swissquote's own MIG acquisition and merger records.
What is the main Swissquote diligence point?
The main diligence point is to match Swissquote's live account-opening entity with the official legal, eligibility and risk language, especially where broker pages mention regulated entities, country restrictions, leverage, margin or loss risk.
Can U.S. traders use this page as account-opening advice?
No. SmartProfitFX eligibility follows current SmartProfitFX and Eightcap restrictions, including non-U.S. availability limits. Swissquote eligibility must be verified from the broker's current official pages before account opening.
Why does the page include source dates?
Broker terms can change. Source dates show when account, pricing, platform, legal, eligibility and risk pages were checked so readers know what still needs live confirmation.
What happened to MIG Bank?
Swissquote says it acquired 100% of MIG Bank on 25 September 2013 and merged it into Swissquote Bank on 9 December 2013. MIG Bank was originally founded as MIG Investments. These are historical names, not separate current brokers.
Which Swissquote forex account tiers are currently listed?
The reviewed Rest of World page lists Standard, Premium, Prime and Professional. Standard, Premium and Prime show USD 1,000, USD 10,000 and USD 50,000 minimum deposits respectively, while Professional uses bespoke volume-based terms. Verify the regional page before opening.
Does Swissquote charge commissions on forex and CFDs?
The reviewed tiers show no commissions for forex and all-in spreads for more than 130 currency pairs, metals and specified CFDs. Stock CFDs and forward products can have commissions, while overnight, borrowing, inactivity and other charges may also apply.
Sources checked
Source date: 2026-06-10. Primary sources below were checked 2026-06-10. Current Swissquote and FINMA sources control present-day facts; Swissquote corporate records control the MIG Bank history.
- Current Swissquote forex account types: www.swissquote.com/en-row/private/trade/pricing/forex-cfds/account-types
- Current Swissquote trading conditions and funding: www.swissquote.com/en-row/private/trade/pricing/forex-cfds/trading-conditions
- Current Swissquote forex and CFD platforms: www.swissquote.com/en-row/private/trade/platforms/forex-cfds
- Current Swissquote product/demo scope: www.swissquote.com/en-row/private/trade/platforms/forex-cfds/open-demo-account
- Current Swissquote forex and CFD risk disclosure: www.swissquote.com/en-row/private/help/legal-tax/legal-information/forex-cfd-risk-disclosure
- Current Swissquote important legal information: www.swissquote.com/en-row/private/help/legal-tax/legal-information/important-legal-information
- FINMA authorised banks and securities firms: www.finma.ch/en/~/media/finma/dokumente/bewilligungstraeger/pdf/beh.pdf
- Swissquote company story and MIG milestone: www.swissquote.com/en/group/company/story
- Swissquote MIG Bank acquisition release: www.swissquote.com/api/internal/media/get-media?filename=press-releases%2Fpress_release_25092013.pdf
- Swissquote 2013 results and MIG merger record: resources.swissquote.com/sites/default/files/2019-03/presentation_2013_q4_e.pdf
Related comparisons
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Compare the sources before opening
If SmartProfitFX powered by Eightcap is the better fit, use the SmartProfitFX account link so the account opens through SmartProfitFX.