All Customer Reviews & Comments about Swissquote Forex broker
Advantages: The broker is under the supervision of the Swiss Financial Markets Supervision Service. Well, this is so to speak, in order for people to understand that the office is serious and reliable.
Disadvantages: To open an account, you need at least half a day, and verification can take 2 weeks.
Comment: A well-designed website interface allows you to find a lot of information about the company. The site has been translated into ten languages. Since 2000, the company's shares have been traded on the SIX exchange, Swiss Exchange. Regarding Forex, there are four types of accounts to choose from: standard, premium, prime and professional. The latter, by the way, provides individual parameters in agreement with the bank, on the previous three spreads from 1.1 points and above, without commissions.
Advantages: A 5-start broker
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.
Advantages: Everything's good
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!
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: I will advice any trader to be careful when choosing a broker to invest with by always making sure they are regulated. I invested with a broker that made withdrawal impossible and there was nothing i could do until i contacted the agent Mr Bart Kasch who helped me recover my money. It felt satisfying to finally get back my investment, you can reach him at BartKasch AT Affiliaterecovery DOT com if you need help
Advantages: Got my money back
Comment: Simply put if you don’t have the time or the experience to file a claim and pursue the entire case against your fake forex or binary broker yourself, try outsourcing it to a specialist company who will use their knowledge, expertise and its processes to recover your money. A company with a good level of success in recovering funds from binary brokers is OXOMARSECURITY,ORG They have specialists who deal exclusively with fraudulent transactions made by binary brokers. Based on experience they know how to proceed with a claim and what is most effective approach. I have hired them as well and they did not disappoint me. Hats off
Disadvantages: useless customer hotline
Comment: Tried to open a trading account with Swissquote last month. I have to say it was the most inefficient process I’ve ever gotten from a Swiss company. My account wasn’t approved after sending all the required documents. My calls weren’t answered, not sure why. Perhaps all their staff are on lockdown lol. So I decided to go to another broker. I went to Interactive Brokers, and my account was opened and approved in just a day.
Advantages: Don't be a victim
Disadvantages: Don't be a victim
Comment: I lost my money through three hyper yielding investment platforms whose companies were registered in London, UK. They claimed to have registered their companies in the US as well. The three companies are Moni-Finex (Moni-Finex Global), swissquote and InclusiveFx (Inclusive Services). Moni Finex’s webpages have been inactive since the beginning of August and I have been unable to withdraw since July 12 2019 The MF migrated July 25 2019 to MoniFinex Mining, again unable to withdraw. The sites posted they were performing an internal audit during the month of August 2019; subsequently, it announced the systems were being upgraded since early August. All official Chat-rooms at Telegram, WhatsApp and Facebook are now disabled and some vanished altogether. I Contacted the CEO via WhatsApp, he did not read my notes or respond. Swissquote would keep promising mouth watering ROI to lure you in showing you simulated trades and it is almost impossible for you to make a withdrawal. One excuse after the other. That’s when it became crystal clear that I have been scammed of my hard earned money. My total lost with these three companies was USD532,876.21 as of August 1, 2019. I needed a major portion of this balance to pay off the down-liners who were threatening to file charges for misleading as well as fraud. Their combined balance is approximately USD600,000. A top asset recovery company in the US brilliantly helped recoup 92% of my lost capital to these fraud companies all within a 2 week period. I can’t thank you guys at RECOVERYWEALTHNOW360 at g mail d o t c o m enough . I am typing this with tears rolling down my cheeks! Please stay away from HYPER YIELDING INVESTMENT PLATFORMS to avoid the agony and pain I went through!
Disadvantages: Too desperate to get clients into depositing
Comment: Swissquote from what I’ve heard is a decent, reliable Forex broker. So last month I decided to give them a try. But something off happened. Before I had even finished opening my trading account, an account manager from Swissquote called me, asking me to finish the account opening asap. I felt uncomfortable. I hate this type of pursuing clients. Seems too desperate. Anyway so yeah, I tried to keep my temper but when he told me that if I could not fund my account at least $1000 right then I might as well not open the account, I ended the call. It was just too much to bear. If they’ll keep doing that, clients will surely keep themselves away from them.
Comment: It has been hard losing a lot of money to Binary Options and Cryptocurrency Trading, my money has now been recovered thanks to a Recovery Boss. You can reach me to share my experience. MAGGIEALDER12 at gmail dot com
Comment: Hello everyone, I was scammed by expert option and that really brought me down. I read through Deo Christopher's post and here i am now i have recovered all that they stole from me although they handle different kinds of recovery, they also helped my start my trading on bitcoin mining and i have been making withdrawals on a regular bases. Notify if interested or watsapp him +17817207567
Advantages: no problem
Disadvantages: I do not know
Comment: The lack of clear rules and precedents creates great opportunities, but also huge risks for the unprepared.Specifically, I really like broker Swissquote , because for 2 years of teamwork there was no deception, with draw all automatically, everything is fine with them .
Advantages: Margin call 0.5 %, three types of accounts, minimum position size 0.01, reliable regulation
Disadvantages: Minimum deposit 1000$
Comment: I really enjoy working with this European broker, there is reliable regulation and everything is honest. The broker has many different positions, on which you can trade.
Advantages: Recognizable name and strong regulation
Disadvantages: Higher costs than most
Comment: For a good alternative broker with strong regulation, Swissquote is the one to go with. It is regulated in Switzerland, and there are no restrictions on leverage like other EU-regulated brokers. I know most people will find 100:1 leverage low, but you get quality services. Other than that, there are many tradeable products in currencies, stocks and commodities. I will also admit spreads are quite high, but that can be offset by dealing with a true ECN broker, so even though charges are high you can know you're getting actual market quotes. In the end, it's a matter of taste and needs, I find Swissquote to suit me well because I don't trade often so the spreads don't matter to me as much, and I have confidence in the broker, which to me is very important.
Advantages: Actual ECN broker, well regulated, good trading conditions
Disadvantages: None at all
Comment: You should definitely bump Swissquote at the top of the brokers list, they are a trustworthy company under proper regulation and haven't seen any complaints even on other review websites. I have only been demo trading because they have high capital requirements, but so far everything seems great. Once I start live trading, will let you know. Has anyone else had an experience with this broker?