Swissquote – reviews of the Swiss trading platform

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

Swissquote Review

Swissquote general information

Switzerland

Founded in: 1996 year
Headquarters:
Minimum Deposit: 1000 $
Website: en.swissquote.com/fx
Website languages:
Execution model: STP
Deposit currency:
Support languages:
Regulated by: FINMA (Switzerland)
Mobile trading:
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.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

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

Swissquote Review

Swissquote Ltd is the London-based subsidiary of Swissquote Bank

Investopedia is committed to rigorous editorial standards to provide our readers with the best advice and recommendations. We may receive compensation when you click on links to products we reviewed. Learn more about our methodology and review process.

  • Account Minimum: $1,000
  • Fees: Minimum spreads of 1.7 pips for EUR/USD
  • Best for: Competitive fees plus customer support

Swissquote Group Holding has been in business since 1996 and as of 2020 has over 25 billion Swiss Francs in client assets under management. Swissquote Ltd is the London-based subsidiary of Swissquote Bank and is regulated by the UK Financial Conduct Authority. Being UK based brings Swissquote’s superior liquidity and execution on forex, commodities, indices and bonds to traders based in the European Union.

Three trading platforms available

Advanced desktop and mobile app are easy to set up

Daily reports available in multiple languages

Mobile charts have no technical indicators

Desktop watchlists have limited customization

Research limited to three products

Trust

Swissquote Ltd is regulated in the UK by the FCA (Financial Conduct Authority) and does not seem to have any outstanding complaints. Traders can also take comfort from the fact that the broker participates in the Financial Services Compensation Scheme (FSCS) which means clients may be entitled to pay out if Swissquote is insolvent, up to a limit of £50,000.

Swissquote works to ensure client data is protected and has an encrypted site but does not seem to offer any two-factor authentication at the current time.

Swissquote’s pricing structure is easily found on products available to trade and the spreads charged. The broker also provides examples of how trading costs work, as well as an explanation of the costs of keeping a trade open overnight. The one disadvantage, however, is the complexity of the costs in general. A trader would likely need to learn from experience to be able to fully understand all the trading and operational costs involved in running a position.

Desktop Experience

Swissquote offers three different ways to access its trading platform in a desktop environment. The one beginning traders are likely to use most is called Advanced Trader, which is easy to download and install from the website. The other desktop software options are MetaTrader 4 and 5 (MT4 and MT5). This software is designed for more advanced traders and has more technically advanced features such as trading strategies, back-testing and many technical indicators.

One advantage to Advanced Trader is its simplicity of design. The platform has a standard view with some of the most popular products located in the upper left of the screen. Different colors allow the trader to easily distinguish between prices for buying and selling. A watchlist is available on the right-hand side, but its customization is limited to a pre-set configuration of cross-currency pairs. Finally, clients can keep track of their running orders in the window at the bottom that gives details about profit and loss.

Advanced Trader also allows traders to set conditional orders, such as limit orders, and manage risks with stop-loss orders. It is also possible to open a 30-day demo account with a balance of USD $100,000 to get a feel for how the trading environment looks, feels and operates using real time market data and prices.

Special Features

Swissquote has few special features provided by other brokers such as automated trading or social trading. One feature they do offer, however, is AutoChartist, which is an early algorithmic identification of chart patterns using Fibonacci Patterns and Horizontal Levels. The feature also allows for advanced risk management by instantly calculating a client’s real capital exposure and sets risk-adjusted position sizes. The feature also allows some limited back testing to see how ideas would have performed using real market data.

Swissquote gives traders the ability to place stop-loss orders. Unlike other brokers, however, these do not seem to be guaranteed. A guaranteed stop-loss usually requires a small fee, but the client is guaranteed to get the price indicated. A non-guaranteed stop loss order means that the broker will make a best effort to get as close to the indicated price as possible in the market, but if there are gaps or slippage, the client bears this cost.

In June, the European Securities and Markets Authority (ESMA) announced its decision to implement a range of measures intended to harmonize EU-wide regulation. One of the main features of the new regulation is negative balance protection that limits client losses. Negative balance protection means that a retail client can never lose more than the total sum invested for trading Contract for Differences (CFDs). There can be no residual loss or obligation to provide additional funds beyond those in the retail client’s trading account. Since this is a policy implemented by the regulator, however, there is no specific advantage to Swissquote clients compared to using other brokers. They are all subject to the same rule.

Swissquote Review

Swissquote is a forex trading services broker. They give traders access to major markets like currencies, indices, commodities and shares.

  • Doesn’t offer VPS (See alternatives)
  • Limited range of instruments
  • Not ASIC Regulated (See alternatives)

To open a live account, you’ll need a minimum deposit of at least €1,000. Alternatively, Swissquote offers a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by the Financial Conduct Authority, UK (FRN: 562170). Swissquote puts all client funds in a segregated bank account and uses tier-1 banks for this. Swissquote has been established since 1996, and have a head office in GB.

Before we dive into some of the more detailed aspects of Swissquote’s spreads, fees, platforms and trading features, you may want to open Swissquote’s website in a new tab by clicking the button below in order to see the latest information directly from Swissquote.

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Losses can exceed deposits

What are Swissquote’s spreads & fees?

Like most brokers, Swissquote takes a fee from the spread, which is the difference between the buy and sell price of an instrument.

The commisions and spreads displayed below are based on the minimum spreads listed on Swissquote’s website. The colour bars show how competitive Swissquote’s spreads are in comparison to other popular brokers featured on BrokerNotes.

Swissquote
EUR/USD (Average: 0.7 pips) 1.0 pips 0.7 pips 0.1 pips
GBP/USD (Average: 1.1 pips) 1.1 pips 1.7 pips 0.1 pips
USD/JPY (Average: 1.1 pips) 1.3 pips 0.6 pips 0.1 pips
AUD/USD (Average: 0.8 pips) 1.0 pips 0.6 pips 0.2 pips
USD/CHF (Average: 2.3 pips) 1.7 pips 2.3 pips 0.2 pips
USD/CAD (Average: 2.9 pips) 2.2 pips 0.5 pips 0.3 pips
NZD/USD (Average: 3.6 pips) 1.5 pips 2.8 pips 0.3 pips
EUR/GBP (Average: 2.4 pips) 1.3 pips 0.5 pips 0.1 pips

Spreads are dynamic and are for informational purposes only.

As you can see, Swissquote’s minimum spread for trading EUR/USD is 1 pips – which is relatively high compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with Swissquote vs. similar brokers.

How much does Swissquote charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with Swissquote at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $8. Here’s a rough breakdown of the fees and how this compares against XTB & AvaTrade .

Swissquote XTB AvaTrade
Spread from : $ 8.00 $ 2.00 $ 7.00
Commission : $0.00 $0.00 $0.00
Total cost of a 100k trade: $ 8.00 $ 2.00 $ 7.00
$6 less $1 less
Visit Swissquote Visit XTB Visit AvaTrade

All fees/prices are for informational purposes and are subject to change.

What can you trade with Swissquote?

Swissquote offers over 189 different instruments to trade, including over 138 currency pairs. We’ve summarised all of the different types of instruments offered by Swissquote below, along with the instruments offered by XTB and AvaTrade for comparison.

FX / Currencies Swissquote XTB AvaTrade
# of forex pairs offered 138 48 59
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies No Yes Yes
Commodity CFDs Swissquote XTB AvaTrade
# of commodities offered 7 21 16
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural No Yes Yes
Index & Stock CFDs Swissquote XTB AvaTrade
# of stocks offered 0 1606 99
UK shares Yes Yes Yes
US shares Yes Yes Yes
German shares Yes Yes Yes
Japanese shares Yes Yes Yes
See Swissquote’s Instruments See XTB’s Instruments See AvaTrade’s Instruments

What’s the Swissquote trading experience like?

1) Platforms and apps

Swissquote is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here.

Swissquote also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.

Still not sure?

2) Executing Trades

With Swissquote, the minimum and maximum trade requirements vary depending on the trader and the instrument.

As a market maker, Swissquote may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.

Finally, we’ve listed some of the popular funding methods that Swissquote offers its traders below.

Trading Features:

  • Allows scalping
  • Allows hedging
  • Low min deposit

Accounts offered:

  • Demo account
  • Mini account
  • Standard account

Funding methods:

  • Credit cards
  • Bank Transfer
  • Payoneer

3) Client support

Swissquote support a wide range of languages including English, German, French, Italian, Spanish, Arabic, Russian, and Chinese.

Swissquote has a BrokerNotes double AA support rating because Swissquote offer over three languages

4) What you’ll need to open an account with Swissquote

As Swissquote is regulated by Financial Conduct Authority , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Swissquote’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Swissquote you can visit their website here.

  • Written by Marcus Taylor
  • Founder & CEO

Marcus founded BrokerNotes in 2020 after trying hard to find a broker for himself to trade and struggling to compare brokers like-for-like. You can find more about BrokerNotes & Marcus here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from www.swissquote.eu on 01/04/2020.

Swissquote not quite right?

Compare these Swissquote alternatives or find your next broker using our free interactive tool.

01

Fill out the
application

02

Submit your
documents

03

Deposit
trading funds

First-class customer service
_

Our experts are ready to assist you in more than 10 languages, and our Trading Desk is open whenever the markets are.

Successful relationships are based on trust
_

A recent study by Ipsos confirms the general client satisfaction with Swissquote (5.6 out of 7.0) and a high level of trustworthiness (6.2 out of 7.0)*

* Study carried out online by Ipsos from June 28th to July 13th 2020, among 1540 Swissquote clients.

The Forex analysis plateform ForexBrokers.com awarded Swissquote with a trust score of 91 out of 100, underlining our status as a trusted, global multi-asset broker.

Trust is in the numbers
_

21.7%

core capital ratio

Swissquote Group Holding Ltd (SQN) has been listed on the SIX Swiss Exchange since May 2000. Ever since, our high reliability is also reflected in outstanding numbers every year.

360’000

clients worldwide

3 million

products

CHF 32.2 billion

client assets

More than just a broker

Need to brush up on your Forex knowledge? Our education section will get you up to speed in no time!

The world of Forex is fast-paced. Stay on top of the markets with our daily reports and live analysis.

Listed on the SIX Swiss Exchange (SQN), Swissquote Group Holding Ltd is the Swiss leading provider of online trading services.

United in Excellence

Swissquote is proud to be the Official Forex and Online Financial
Trading Partner of Manchester United.

How to become a client?
Account documentation
Keep up with the markets
Want to join our teams?
Want to refer clients?
Discover our mobile apps
Follow us on social media

Contacting us is easy! Customer Care, phone: +44 (0) 20 7186 2600. From abroad, check the full list of European toll-free numbers here.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Risk Disclosure Statement.

Swissquote Ltd is authorised and regulated in the United Kingdom by the Financial Conduct Authority under reference number 562170. Registered in England and Wales under number 07710095. VAT number 133445531. Registered Office: Boston House, 63-64 New Broad Street, London, EC2M 1JJ.

This website is not targeted at residents of any specific country. In particular, it is not intended for distribution to, or use by, residents of the United States, or any person in any country or jurisdiction where its distribution or use would contravene local laws and regulations.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

Like this post? Please share to your friends:
Binary Options Trading: Brokers Reviews
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: