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Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

Swissquote Review

3.96
14 reviews
PAYMENT SYSTEMS
  • Deposit
  • Withdrawal

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:

  1. Minimum position size of 0.01.
  2. Instant execution of trades.
  3. Has a variety of trading instruments from CFDs currencies and metals among others.
  4. No commission is charged at all on this account type.
  5. 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.

  1. No commissions are charged at all in his account type.
  2. The currency of use is the United States dollar, the euro, the Japanese yen, and the Turkish lira among any others.
  3. Minimum deposit is 1000 units of your respective base currency.
  4. Stop out at 0.5%
  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:

  1. 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:

  1. Use of segregated bank accounts to separate clients funds from their company operating funds.
  2. Negative balance protection.
  3. 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.

  1. Customizable trading interface.
  2. Has charts that help in trading analysis.
  3. Pattern detection that is good in analytics and will provide a clear picture on lucrative trades.
  4. Combines the stop order with the limit order.
  5. Has both the web and mobile platforms.
  6. 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.

  1. Great analysis and charting tools.
  2. Allows for automated trading.
  3. Has two type of orders that you can pick from, instant and market execution.
  4. It has both the web and mobile platforms.
  5. Allows for hedging

Promotions

The following are the promotions that are currently running at Swissquote's site.

  1. 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

Contacts of Swissquote

Headquarters
Швейцария , ГландУлица Крето, 33
show on the map
+41 44 825 87 88Локальный телефон+41 22 999 94 76Telephone dealing
Представительство
Объединенные Арабские Эмираты , ДубайAl Maktoum Street, 1a
show on the map
+971 4 450 1700Локальный телефон+971 4 450 1701Факс

Recent customer reviews of Swissquote

Jemmy 19 August 2020

Advantages: A 5-start broker

Disadvantages: None

Comment: Been trading with Swissquote since last year! I never had any major problems, only occasional requotes during fast market movements. This happens to any brokers so I understand. My withdrawals via wire transfer are handled and processed fast. Customer service is always within reach, they’re patient and politie. Swissquote is a broker you must definitely try.

Comment
Add a COMMENT
Terrence 28 July 2020

Advantages: Everything's good

Disadvantages: None

Comment: Me and my friends have started trading with Swissquote last month. Account opening was a breeze. The company’s compliance department was able to process our documents in less than 2 days. Wiring funds did not take more than 2 hours via Skrill. Account managers are incredibly polite and knowledgeable, they really know their business. Love their multi-terminal platform, so steady. No issues so far, I hope this lasts for a long long time!

Comment
Add a COMMENT
Peter Goldstern 21 July 2020

Advantages: Can't think of any.

Disadvantages: Only disadvantages.

Comment: Starting with problems with paying funds to open an account and SwissQuote losing these funds for 6 weeks, an absolutely stone age online platform, incorrect withholding rates, CHF249 absurd fee to issue IRS form 1042S, and exorbitant trading costs for US securities, there is nothing positive about this company. Stay away from them. M.Sc. Management, Sloan School MIT

Comment
Add a COMMENT

Swissquote webinars and seminars

17:48 20 APRIL, 2018
Webinar: “Robo Advisory” - Swissquote

Inessa Huller of ePrivate Banking in this webinar will teach you how to define your own investment strategy using the new technolo ...

09:55 06 NOVEMBER, 2017
Webinar: “How to choose the best trade setups using Autochartist” - Swissquote Bank

Autochartist CEO and founder Ilan Azbel will teach traders how to choose the best trading setups using the Autochartist. Get some ...

Swissquote bonuses, contests and promotions

All bonuses, promotions, contests Swissquote
Offer type : Promotions(until 01.01.2020)
Refer a friend promo - 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 ...

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Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.