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Swissquote

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

This broker has also been regulated by CySEC 08.12.2022, DFSA (Dubai) 4, FCA (UK) 562170, FINMA 4 and SFC (Hong Kong) 3.


Company Information

🌐 Website
en.swissquote.com

βŒ› Year Established
1996

🌎 Country
CyprusUnited Arab EmiratesUnited KingdomSwitzerlandHong Kong

πŸ’Ό Regulation

Features

πŸ“– Free education

Account Information

Apart from the forex demo account, 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.

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Min Deposit

$1000

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Max Leverage

1:100

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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:



πŸ’² Min Deposit $1000

πŸ’‘ Min Position 0.1 lot

πŸ”’ Spread Fixed

πŸ“‰ Scalping

πŸ€– Expert Advisors

πŸ’± Hedging

⏱ Trailing stop

⏳ Pending orders

1️⃣ One-click trading

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


πŸ’² Min Deposit $10000

πŸ’‘ Min Position 0.1 lot

πŸ”’ Spread Fixed

πŸ“‰ Scalping

πŸ€– Expert Advisors

πŸ’± Hedging

⏱ Trailing stop

⏳ Pending orders

1️⃣ One-click trading

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


πŸ’² Min Deposit $50000

πŸ’‘ Min Position 0.1 lot

πŸ”’ Spread Fixed

πŸ“‰ Scalping

πŸ€– Expert Advisors

πŸ’± Hedging

⏱ Trailing stop

⏳ Pending orders

1️⃣ One-click trading

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

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
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 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.



FAQ About Swissquote

Is Swissquote a good broker?

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 Credit/debit cards and Wire transfer. The customer support is available via Callback, Email, Live chat, Office, Phone and Web form.


What is the minimum deposit for Swissquote?

The starting capital in Swissquote is $1000.


Is Swissquote regulated?

Swissquote is regulated by CySEC 08.12.2022, DFSA (Dubai) 4, FCA (UK) 562170, FINMA 4 and SFC (Hong Kong) 3. 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.


Is Swissquote legit?

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