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Swissquote Review
Swissquote general information
Founded in: | 1996 year |
Headquarters: | Switzerland |
Minimum Deposit: | 1000 $ |
Website: | en.swissquote.com/fx |
Website languages: |
English, Arab, Spanish, Italian, Chinese, Deutsch, Russian, French |
Execution model: | STP |
Deposit currency: |
USD, EUR, JPY, GBP, AUD, CHF, CAD, MXN, CNY, NZD, SEK, RUB, HKD, SGD, TRY, KRW |
Support languages: |
English, Arab, Spanish, Italian, Chinese, Deutsch, Russian, Serbian, Slovak, French |
Regulated by: | FINMA (Switzerland) |
Mobile trading: |
iOS, Android, Windows Phone, Palm, MIDP |
Affiliate program: | Not |
Swissquote Forex broker description
Swissquote is a forex trading site that operates under Swissquote which also offers banking services. The forex trader was established in 1996 and with the many years in the business, it has created a strong name for itself in the forex sector.
Trading Accounts
For a trader to be able to execute various trades on the many trading instruments such as currencies, indices commodities, and CFDs, one will require an account. Swissquote has many different account types under its wings to help you with this. These account types are the demo account, the standard account, and the corporate account.
The Swissquote Demo Account
The demo account is a specially designed account that is meant for newbies with little or no information on the forex trading concept. This account type will let on learn about forex trading as well as give them demonstrations using virtual funds to execute trades.
The Standard Account
The Swissquote standard account is the basic account type. This account type is suitable for experienced traders as well as novice traders. Among the features of this account type are:
- Minimum position size of 0.01.
- Instant execution of trades.
- Has a variety of trading instruments from CFDs currencies and metals among others.
- No commission is charged at all on this account type.
- Locked margin level is at 1%
The Corporate Account
The corporate account is an account type that is run by companies or corporations with interest in forex trading. This account can also be called the professional account and here are some of its many features.
- No commissions are charged at all in his account type.
- The currency of use is the United States dollar, the euro, the Japanese yen, and the Turkish lira among any others.
- Minimum deposit is 1000 units of your respective base currency.
- Stop out at 0.5%
- Floating spreads.
About The Company and Security Of Funds.
The company, Swissquote as has been earlier indicated is part of the Swissquote companies that also have interests in the banking sector. The forex company was established in 1996 in Switzerland here it still has its headquarters in Gland. Over two decades later since its conception, it has managed to grow in leaps and bounds to become one of the best forex traders around.
It has managed to penetrate the global forex market very efficiently with its presence being all over the globe. It has its offices in Zurich, Bern, London, Dubai, Hong Kong, and Malta. These offices help in the coordination of its activities in their respective regions. This worldwide presence has compelled Swissquote to make necessary changes in making their website versatile by incorporating various languages as well as accepting various currency units. The languages in clued English, Swiss, Dutch Chinese and Arabic with currency units such as the Yuan, the Australian dollar, the united states dollar, the Swiss franc and Turkish lira among many.
In a bid to make its services stand out they have invested in the best workforce. The workforce is made up of qualified and dedicated employees who will ensure that each client's respective needs has been given the audience and it has been solved to the client's satisfaction. They may also occasionally offer advice as well as tips on how to trade where the need arises.
Swissquote is a credible and legitimate company that is licensed to operate in all the areas it runs its operation. It has met all the regulations set for it in order to be on the right died of the law. Among the notable licenses in its possession include:
- A clean bill that allows its operation Switzerland by the Swiss financial market supervisory authority (FINMA)
In keeping up with the set policies, it has formulated measures that will ensure the safety of clients’ funds. These measures are:
- Use of segregated bank accounts to separate clients funds from their company operating funds.
- Negative balance protection.
- Putting clients funds in entrusted and credible banks
Trading Conditions
Commissions
No commissions are charged at all on Swissquote.
Minimum Initial Deposit
The minimum initial deposit stands at $1000 which will serve as your base capital for trade executions.
Margins
The margin call is at 0.5% while the locked margin level is at 1%.
Trading Platforms
To improve the clients’ trading experience, Swissquote has invested in the topnotch trading platforms that come with various features. These trading platforms are as follows.
Advanced Trader
The advanced trader platform is a platform that has been designed for professional traders and has the following features.
- Customizable trading interface.
- Has charts that help in trading analysis.
- Pattern detection that is good in analytics and will provide a clear picture on lucrative trades.
- Combines the stop order with the limit order.
- Has both the web and mobile platforms.
- Allows for hedging upon request.
Meta Trader 4 And 5
The Meta trader platforms are among the best when it comes to trading and come with a lot of lucrative features under them. Swissquote uses both versions and the following are their features.
- Great analysis and charting tools.
- Allows for automated trading.
- Has two type of orders that you can pick from, instant and market execution.
- It has both the web and mobile platforms.
- Allows for hedging
Promotions
The following are the promotions that are currently running at Swissquote's site.
- The CHF100 trading credit to you and a friend that you have referred.
Withdrawals And Deposits
Depositing of funds to your account is very easy and it accepts payments from 3 methods which are e-banking, credit card, and China UnionPay. On credit cards, you can use your visa card or MasterCard to transact.
Withdrawals are also easy and you will simply request for the funds to a chosen payment mode. There are some little payment fees that you may incur while withdrawing and is dependent on factors such as the amount and also the currency.
BRIEFLY ABOUT Swissquote
A look at Swissquote’s customer comments and reviews will give you a perfect picture of this specific broker. This is a very credible forex broker that I would strongly recommend to anyone who wants to try his or her hand in forex trading. Their services are superb more so in customer care which enhances the overall customer experience
Trading accounts of Swissquote
- Professional
- Premium
- Standard
Trading platforms: | MetaTrader 4, Advanced Trader |
Minimum Deposit : | 1000 $ |
Deposit currency : |
USD - US Dollar EUR - Euro JPY - Japanese Yen GBP - British Pound AUD - Australian Dollar CHF - Swiss Franc CAD - Canadian Dollar MXN - Mexican Peso CNY - Chinese Yuan Renminbi NZD - New Zealand Dollar SEK - Swedish Krona RUB - Russian Ruble HKD - Hong Kong Dollar SGD - Singapore Dollar TRY - Turkish Lira KRW - South Korean Won |
Trading instruments:
| |
Stop Out:
| 0.5 % |
Minimum position size:
| 0.01 лотов |
Maximum position size:
| No limit лотов |
Max. number of orders:
| |
Execution type:
| Instant Execution |
Swap Free:
| Not |
VIP Account:
| Yes |
Spread type:
| Floating |
Decimal places:
| 4 characters |
Margin Call:
| 0.5 % |
Locked Margin level:
| 1 % |
Commission:
| Not |
Phone trading:
| Yes |
Trading platforms: | MetaTrader 4, Advanced Trader |
Minimum Deposit : | 1000 $ |
Deposit currency : |
USD - US Dollar EUR - Euro JPY - Japanese Yen GBP - British Pound AUD - Australian Dollar CHF - Swiss Franc CAD - Canadian Dollar MXN - Mexican Peso CNY - Chinese Yuan Renminbi NZD - New Zealand Dollar SEK - Swedish Krona RUB - Russian Ruble HKD - Hong Kong Dollar SGD - Singapore Dollar TRY - Turkish Lira KRW - South Korean Won |
Trading instruments:
| |
Stop Out:
| 0.5 % |
Minimum position size:
| 0.01 лотов |
Maximum position size:
| No limit лотов |
Max. number of orders:
| |
Execution type:
| Instant Execution |
Swap Free:
| Not |
VIP Account:
| Yes |
Spread type:
| Floating |
Decimal places:
| 4 characters |
Margin Call:
| 0.5 % |
Locked Margin level:
| 1 % |
Commission:
| Not |
Phone trading:
| Yes |
Trading platforms: | MetaTrader 4, Advanced Trader |
Minimum Deposit : | 1000 $ |
Deposit currency : |
USD - US Dollar EUR - Euro JPY - Japanese Yen GBP - British Pound AUD - Australian Dollar CHF - Swiss Franc CAD - Canadian Dollar MXN - Mexican Peso CNY - Chinese Yuan Renminbi NZD - New Zealand Dollar SEK - Swedish Krona RUB - Russian Ruble HKD - Hong Kong Dollar SGD - Singapore Dollar TRY - Turkish Lira KRW - South Korean Won |
Trading instruments:
| Forex1:100 CFD's1:10 Amount of assets : 200 Metals1:100 Energy sources1:100 |
Stop Out:
| 0.5 % |
Minimum position size:
| 0.01 лотов |
Maximum position size:
| No limit лотов |
Max. number of orders:
| |
Execution type:
| Instant Execution |
Swap Free:
| Not |
VIP Account:
| Yes |
Spread type:
| Floating |
Decimal places:
| 4 characters |
Margin Call:
| 0.5 % |
Locked Margin level:
| 1 % |
Commission:
| Not |
Phone trading:
| Yes |
Monitoring of Swissquote's Standard account
Swissquote spreads All spreads Swissquote
EUR/USD | GBP/USD | USD/CHF | USD/CAD | USD/JPY | AUD/USD | NZD/USD | EUR/AUD | |
Live spread | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Average spread for the past 30 days Average spreadInterval: | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Swissquote quotes All quotes Swissquote
EUR/USD | GBP/USD | USD/CHF | USD/CAD | USD/JPY | AUD/USD | NZD/USD | EUR/AUD | |
Ask | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Offers | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Swissquote swaps All swaps Swissquote
EUR/USD | GBP/USD | USD/CHF | USD/CAD | USD/JPY | AUD/USD | NZD/USD | EUR/AUD | |
Long | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Short | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Contacts of Swissquote
Recent customer reviews of Swissquote
Advantages: A variety of allowed trading strategies Automated portfolio management Good educational offering
Disadvantages: Minimum deposit is high Low leverage
Comment: I wouldn't say that working with this broker has been a bad experience, it just wasn't the best option for me. There are many advantages, that's for sure, but at the same time, it's important to mention that some disadvantages will make you turn to another broker, such as minimum deposit and leverage. I still haven't decided whether it would be better for me to choose another broker or work with this one, but I can say that I wasn't disappointed, that's for sure.
Advantages: Transparent conditions All types of trading: independent, trust management, automatic, using Expert Advisors A large number of tools, training materials
Disadvantages: Few bonuses A number of confirmed reviews with complaints about the inaccuracy of quotations The User Agreement contains strict clauses in relation to the client
Comment: I found everything I needed here for myself, the opportunity to study, invest, trade. I reviewed all the information available on the site, noticed the underlying trade from the levels, understanding of the market. All that the broker gives at his seminars. I myself use trading from levels and quite successfully.
Advantages: none
Disadvantages: I had an account a SwissQuote and they blocked all my funds without any notice. I cant invest or withdraw my money now. Support just answered later said they forwarded it to the department and havent received any answer since then. They already cost me profits because I could not invest. The company is a scam. Do not trade here!
Comment: I had an account a SwissQuote and they blocked all my funds without any notice. I cant invest or withdraw my money now. Support just answered later said they forwarded it to the department and havent received any answer since then. They already cost me profits because I could not invest. The company is a scam. Do not trade here!
Swissquote webinars and seminars
Inessa Huller of ePrivate Banking in this webinar will teach you how to define your own investment strategy using the new technolo ...
participateAutochartist CEO and founder Ilan Azbel will teach traders how to choose the best trading setups using the Autochartist. Get some ...
participateSwissquote bonuses, contests and promotions
All bonuses, promotions, contests Swissquote
Love trading with Swissquote? Do not be selfish! Share your experience with your friends and earn up to CHF 800 per referral! Share your sponsor num ...
participate