Swissquote Review


Swissquote is a well-established broker since 1996. Swissquote has headquarter in Hong Kong, Switzerland, United Arab Emirates and United Kingdom. They are generally well-suited for Swissquote to provide their Forex/CFD trading services to global clients.


This broker has also been regulated by DFSA (Dubai) 4, FCA (UK) 562170, FINMA 4 and SFC (Hong Kong) 3. Simple yet detailed information upon this broker can be seen below.


Company Information

Website
en.swissquote.com

Established
1996

Country
Hong Kong, Switzerland, United Arab Emirates and United Kingdom

Regulation
DFSA (Dubai) 4
FCA (UK) 562170
FINMA 4
SFC (Hong Kong) 3

Features

Free education

Trading by telephone

Account Information

This broker offers Standard, Premium and Prime. 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

If you want to look for further information about this broker's offered account(s), please take a look at the list below.


Minimum Deposit

$1000

Maximum Leverage

1:100

Spread

Fixed


Minimum Deposit $1000

Minimum Position 0.1 lot

Spread Fixed

Scalping

Expert Advisors

Hedging

Trailing stop

Pending orders

One-click trading

Browser-based platform

Trading via API

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 Cryptocurrencies 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.


Forex
1:100

Gold & silver
1:50

Stocks
1:25

Options

Indexes
1:25

Cryptocurrencies


Minimum Deposit $10000

Minimum Position 0.1 lot

Spread Fixed

Scalping

Expert Advisors

Hedging

Trailing stop

Pending orders

One-click trading

Browser-based platform

Trading via API

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 Cryptocurrencies 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.


Forex
1:100

Gold & silver
1:50

Stocks
1:25

Options

Indexes
1:25

Cryptocurrencies


Minimum Deposit $50000

Minimum Position 0.1 lot

Spread Fixed

Scalping

Expert Advisors

Hedging

Trailing stop

Pending orders

One-click trading

Browser-based platform

Trading via API

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 Cryptocurrencies 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.


Forex
1:100

Gold & silver
1:100

CFD
1:100

Options

Cryptocurrencies

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 paymen 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
Chinese
English
French
German
Russian
Spanish

Office
Support

Email
Support

Call
Support

Chat
Support

Extensive Review

As a leading Swiss banking group, Swissquote is considered one of the most well-known online financial and trading services provider. The company is listed on the SIX Swiss Exchange since May 2000, but their story originated back to 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).

SwissQuote is regulated 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.

For forex trading, SwissQuote offers 4 different types of accounts:

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

 

Professional

  • Spreads: customized
  • Commission: bespoke pricing
  • Minimum deposit: volume-based
  • Minimum trade: customized
  • Leverage: customized

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 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 medium deposit range, 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 one of the members in 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.


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