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Swissquote Review

Broker Information Security Popularity Payment Spec Instruments Score
Security B
Popularity D
Payment E
Spec B
Instrument A
B
D
E
B
A
score 60
Swissquote
  Regulation 100  
MAS
FINMA
FCA
SFC
CySEC
Dubai
  Security 63  
Established more than 10 years
  Instrument 100  
Forex
Stock
Crypto
Index
Gold
  Platform 81  
MetaTrader 4
MetaTrader 5
  Payment 56  
Credit/debit card
Wire
  Features 22  
Education
Api
  Spec 83  
Hedging
Scalping
Fixed Spread

💲 Min Deposit $1000

Year Established 1996

💼 Regulation

💡 Min Position 0.1 lot

🌐 Website en.swissquote.com

🌎 Country United KingdomSwitzerlandHong KongUnited Arab EmiratesCyprusSingapore

Max Leverage 1:100

📖 Free education

Swissquote is a well-established broker since 1996. Swissquote has headquarters in United Kingdom, Switzerland, Hong Kong, United Arab Emirates, Cyprus and Singapore. Swissquote to provide their Forex/CFD trading services to over 4 million clients.

This broker has also been regulated by FCA, 562170, FINMA, 4, SFC (Hong Kong), 3, DFSA (Dubai), 4, CySEC, 08, 12, 2022 and MAS.


Extensive Review

As a leading Swiss banking group, Swissquote is considered one of the most well-known online financial and trading services providers. The company is listed on the SIX Swiss Exchange since May 2000, but their story originated back in the 1990s, where Marc Bürki and Paolo Buzzi set up a business in financial software.

Swissquote's main vision is to enable private investors to access real-time prices free of charge. They follow a mission of "democratizing banking" by upholding the values of transparency, integrity, and unbiased information for the benefit of clients, in turn allowing them to make independent decisions.

Today, Swissquote is a global financial services provider with official branches in several major areas in the world like the European area, Middle Eastern, and Asian financial centers. From 2017 to 2018, it claims as the first online bank to offer crypto trading and participation in Initial Coin Offering (ICO).

Trading in SwissQuote guarantees a regulated environment, as the broker is licensed in some of the most well-known jurisdictions in the financial industry, including the Swiss Financial Market Supervisory Authority (FINMA) and the Financial Conduct Authority (FCA) from the UK.

The broker also has local regulations for other branches in other jurisdictions such as the Malta Financial Services Authority (MFSA), the Dubai Financial Services Authority (DFSA), and the Securities & Futures Commission (SFC) from Hong Kong to enable non-EU traders to register under its account with regulated services.

SwissQuote is notable for its wide variety of trading instruments, such as 8,500+ stocks and more than 800 ETFs. Forex pairs, cryptocurrencies, government bonds, and a range of commodity CFDs are also provided to clients.

The company presents a special deposit protection scheme that amounts to CHF100,000 in the event of bankruptcy proceedings. Traders from other countries are offered many choices of base currencies like EUR, USD, JPY, GBP, CHF, CAD, AUD, TRY, PLN, SEK, NOK, SGD, XGD, HUF, and CZK.

Opening an account in SwissQuote for forex trading is available in 3 different choices:

Standard

  • Spreads: from 1.7 pips
  • Commission: none
  • Minimum deposit: $1,000
  • Minimum trade: 0.01 lot
  • Leverage: 1:100

 

Premium

  • Spreads: from 1.4 pips
  • Commission: none
  • Minimum deposit: $10,000
  • Minimum trade: 0.1 lot
  • Leverage: 1:100

 

Prime

  • Spreads: from 1.1 pips
  • Commission: none
  • Minimum deposit: $50,000
  • Minimum trade: 1 lot
  • Leverage: 1:100

Dubbed as the most popular account, Swissquote put Premium account as the recommended choice for forex traders, as it balances a competitive spread and affordable minimum deposit according to their standard.

For the trading platform, traders can choose between MetaTrader or Sawissquote's proprietary product called Advanced Trader. To provide traders with the best experience in trading, the company also puts complementary analytical tools such as Autochartist and Trading Central signals.

For MetaTrader fans with a desire to trade in an advanced trading environment, Swissquote offers the MetaTrader Master Edition.

As the company is more suitable to experienced traders with a medium deposit capability, they do not have a complete educational package to offer to new traders. However, they arrange free webinars for everyone who would like to continually upgrade their trading knowledge. This program is managed by professional figures in the financial industry and is available in 4 languages: English, German, French, and Arabic.

All in all, Swissquote is an ideal broker for traders with enough experience to trade with more than $1,000 as their starting deposit. Its long-standing history and qualified background as a member of a Swiss banking group provide high credibility and a guaranteed trading environment that not many can offer.

However, it is also important to note that Swissquote does not offer various deposit and withdrawal methods, as they mainly focus on bank transfer and credit card payments that they revolutionized in 2018 by launching a multi-currency credit card.

Account Information

Apart from the forex demo account, this broker offers Standard, Prime and Premium. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by Swissquote is up to 1: 100. Meanwhile, you can open an account with a starting capital of $1000.

pin

Min Deposit

$1000

pin

Max Leverage

1:100

pin

Spread

Fixed

If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:



💲 Min Deposit $1000

💡 Min Position 0.1 lot

🔢 Spread Fixed

📉 Scalping

🤖 Expert Advisors

💱 Hedging

Trailing stop

Pending orders

1️⃣ One-click trading

💸 Commission

Instruments Traded

Besides lots of currency pair, Swissquote also offers some instruments you would like to trade on, such as Forex, Gold & silver, Stocks, Options, Indexes and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Standard account, Swissquote specifically provides it with the following instruments and leverage:


Forex

Forex
1:100

Gold & silver

Gold & silver
1:50

Options

Options

Indexes

Indexes
1:25

Crypto

Crypto


💲 Min Deposit $50000

💡 Min Position 0.1 lot

🔢 Spread Fixed

📉 Scalping

🤖 Expert Advisors

💱 Hedging

Trailing stop

Pending orders

1️⃣ One-click trading

💸 Commission

Instruments Traded

Besides lots of currency pair, Swissquote also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Options and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Prime account, Swissquote specifically provides it with the following instruments and leverage:


Forex

Forex
1:100

Gold & silver

Gold & silver
1:100

Options

Options

Crypto

Crypto


💲 Min Deposit $10000

💡 Min Position 0.1 lot

🔢 Spread Fixed

📉 Scalping

🤖 Expert Advisors

💱 Hedging

Trailing stop

Pending orders

1️⃣ One-click trading

💸 Commission

Instruments Traded

Besides lots of currency pair, Swissquote also offers some instruments you would like to trade on, such as Forex, Gold & silver, Stocks, Options, Indexes and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Premium account, Swissquote specifically provides it with the following instruments and leverage:


Forex

Forex
1:100

Gold & silver

Gold & silver
1:50

Options

Options

Indexes

Indexes
1:25

Crypto

Crypto

Payment Methods

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

Swissquote also provides payment with Credit/debit cards



Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, Swissquote offers you MetaTrader 4 (Limited with 30 days), MetaTrader 5 (Limited with 30 days) and Advanced Trader (Limited with 30 days).

Customer Support

Do you have any question or find any trouble related to Swissquote? If you do, you should reach Swissquote's support to get the information that you need. Here is the detail of the broker's customer support:

Website Languages

Arabic
German
English
Spanish
French
Russian
Chinese

Office Support

Email Support

Call Support

Chat Support



FAQ About Swissquote

A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if Swissquote is a good broker for you or not by reviewing the criteria. In general, Swissquote provides trading service in Forex , Gold & silver , Stocks , Options , Indexes , Crypto and CFD . As for the payment methods, you can choose between Wire transfer and Credit/debit cards. The customer support is available via Email, Web form, Phone, Callback, Live chat and Office.


The starting capital in Swissquote is $1000.


Swissquote is regulated by FCA, 562170, FINMA, 4, SFC (Hong Kong), 3, DFSA (Dubai), 4, CySEC, 08, 12, 2022 and MAS. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.


Swissquote is a brokerage company offering trading services for clients since 1996 with offices in United Kingdom, Switzerland, Hong Kong, United Arab Emirates, Cyprus and Singapore.



Swissquote News
David Tristan
Swissquote launches the Securities Lending Program, offering clients passive income from existing securities. Earn up to 5% net return annually.
Kyla Yocelyn
Swissquote appointed Nestor Verrier to take over Lino Finini, who will retire at the end of 2023 as the new Chief Operating Officer.
Kyla Yocelyn
Swissquote presents two daily banking packages, Bright and Light, to allow customers to access digital banking services.
Kyla Yocelyn
Swissquote introduced a new investment and savings product, the well-known Invest Easy, to make it easier for users to benefit from long-term investments.
Kyla Yocelyn
Swissquote has selected AI-based software, NetGuardians, to strengthen the protection of banks and digital application 'Yuh' and detect fraud.
Kyla Yocelyn
Swissquote is returning interest to trading accounts up to 0.50% starting May 1, 2023. This attractive offer returns a sense of normalcy to the market after a long period without interest rates.
Testimonials
Singapore
Jadih Ruth
Sep 7 2020
 
Live chat support - terrible. The guy there doesn't know... More
Singapore
Basalamah
Sep 6 2020
 
They (or their payment vendors) charge high fees, like 2%... More
Singapore
Michael
Sep 5 2020
 
Stay away from this low quality market maker. Account opening... More
Singapore
Charles Martel
Sep 4 2020
 
When I tried to open an account, I had to... More
Singapore
Jack
Sep 3 2020
 
Before I had even finished opening my account I had... More
Singapore
Sahmad01
Sep 2 2020
 
For UAE Client, they have no live chat service and... More
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