Swissquote offers various trading services, like multiple account types, CFDs on Stocks, Bonds, Commodities, and Indices, Forex trading, Robo-Advisors, and many more since 1996. What are the trading conditions on Swissquote broker?
We’ll explore the regulatory status, markets, trust scores, education center, fee structure, customer support, trading platforms, pros, and cons in this Swissquote review.
Swissquote Introduction; Is The Broker Regulated?
Swissquote's journey began in 1990 when Marc Bürki and Paolo Buzzi founded Marvel Communication SA. The company took a significant leap forward in 1996 by launching the Swissquote financial platform, offering free access to prices for all securities traded on the Swiss stock exchange.
In 2000, Swissquote went public and obtained a banking license. It also gained access to the Swiss Stock Exchange, NYSE, NASDAQ, and AMEX in the same year. Headquartered in Gland, Switzerland, the company has 9 more offices in Zurich, London, Cyprus, Dubai, Singapore, etc. Key features of Swissquote:
- Regulated by FINMA, DFSA, CySEC, CSSF, FCA, SFC, MFSA, MAS, and FSCA;
- Exclusive Crypto exchange named SQX with over 30 cryptocurrencies;
- More than 3 million trading products (exclusive to Switzerland brand);
- Multilingual customer support;
- Leverage options up to 1:100.
As of 2023, the company employs over 1,100 people and is listed on the SIX Swiss Exchange under the ticker symbol "SQN". The company has 500,000+ clients with more than CHF 56B in assets.
Swissquote's core business areas encompass online trading and investment services for private and institutional clients, as well as traditional banking products like savings accounts and mortgages.
Swissquote Table of Specifications
To give you a clear picture of Swissquote's trading conditions and charges, let's break down the key specifications.
Broker | Swissquote |
Account Types | Standard, Premium, Prime, Professional |
Regulating Authorities | FINMA, DFSA, CySEC, CSSF, FCA, SFC, MFSA, MAS, FSCA |
Based Currencies | EUR, USD, JPY, GBP, CHF, CAD, AUD, TRY, PLN, SEK, NOK, SGD, XGD, HUF, CZK |
Minimum Deposit | $1,000 |
Deposit Methods | Credit/Debit Cards, Bank Wire |
Withdrawal Methods | Credit/Debit Cards |
Minimum Order | 0.01 lot |
Maximum Leverage | 1:100 |
Investment Options | Robo-Advisory, Themes Trading, Yield Boosters |
Trading Platforms & Apps | MT5, MT4, CFXD |
Markets | Forex, Stocks, Indices, Commodities, Bonds, Metals |
Spread | Variable based on the instrument |
Commission | $0.0 (except for Stocks) |
Orders Execution | Market, Limit, Stop |
Margin Call / Stop Out | 100% / 30% |
Trading Features | Blog, Podcasts, Webinars, EAs, Fix API |
Affiliate Program | Yes |
Bonus & Promotions | Referral |
Islamic Account | No |
PAMM Account | No |
Customer Support Ways | Email, Chat Bot, Phone |
Customer Support Hours | 24/7 |
Swissquote Account Type Offerings
The bank provides a range of account types to suit different trading styles and investment goals:
Features | Standard | Premium | Prime | Professional |
Min Trade Size | 0.01 lot | 0.1 lot | 1 lot | Custom |
Leverage | 1:100 | 1:100 | 1:100 | Custom |
Margin Call | 100% | 100% | 100% | 100% |
Stop Out Level | 30% | 30% | 30% | 30% |
Base Currency | EUR, USD, JPY, GBP, CHF, CAD, AUD, TRY, PLN, SEK, NOK, SGD, XGD, HUF, CZK | |||
Min Deposit | $1,000 | $10,000 | $50,000 | Volume Based |
Note that account types and features may differ based on your residential region. Make sure to check the broker’s official website designated to your region for the latest updates.
Account Opening and KYC on Swissquote Broker
It’s time to examine the registration process in this Swissquote review. Opening an account with Swissquote is a straightforward process, but it does involve thorough Know Your Customer (KYC) procedures to comply with regulatory requirements.
- Navigate to the official website;
- Click “Open your account”;
- Fill out the sign up form;
- Provide proof of identity (passport or ID card) and proof of address (utility bill or bank statement not older than 6 months).
Swissquote Trading Platforms
The broker offers three award-winning trading platforms to cater to different trading styles and preferences. MT4, MT5, and Custom-built CFXD are Swissquotes platform offerings. These trading platforms are available on the following operating systems.
- MT4;
- Windows;
- macOS;
- Linux;
- Web Trader;
- Android;
- iOS.
- MT5;
- Windows;
- macOS;
- Linux;
- Web Trader;
- Android;
- iOS.
- CFXD.
Swissquote Fee Structure
We must discuss the fee structure in this Swissquote review. The broker prides itself on offering competitive and transparent fees across its range of services. however, the rates may be higher than average on some instruments.
Instruments | Spreads | Commissions |
Forex | From 1.1 pips | $0.0 |
Indices | From 0.6 pips | $0.0 |
Commodities | From 0.0135 pips | $0.0 |
Bonds | From 0.05 pips | $0.0 |
Stocks | 0.0 pips | US from $0.01 per share Other countries from 0.09% |
There are also additional fees that you should consider. Inactivity fee after 6 months amounts to 10 units of your base currency.
Swissquote Broker Payment Methods
The company offers two main payment methods to make deposit/withdrawal transactions. While there are no fees on deposits, withdrawals may come with fees.
Methods | Deposit Fees | Withdrawal Fees | Processing Time |
Wire Transfer | None | Based on the currency | Up to 1 working day |
Visa / MasterCard | 0% for none-SEPA residents 1.9% for SEPA residents | Not available | Instant |
Swissquote Copy Trading and Growth Plans
While Swissquote doesn't offer a traditional copy trading service, they provide several innovative solutions for passive investing and growth.
- Robo-Advisory: Automated investment management based on your risk profile and goals;
- Themes Trading: Invest in curated baskets of stocks based on specific themes or trends;
- Yield Boosters: Structured products designed to enhance portfolio yield.
Swissquote Bonus and Promotional Programs
The broker offers several attractive referral and promotional programs in addition to bonus plans. However, most of the bonuses are seasonal and available only in regional branches. Key features of the Swissquote referral program:
Amount in CHF | Standard | Premium | Prime | VIP |
Minimum deposit Referred Client | 5,000 | 10,000 | 50,000 | 100,000 |
Bonus Referrer | 100 | 200 | 400 | 800 |
Bonus Referred Client | 50 | 100 | 200 | 400 |
Customer Support on Swissquote Broker
The company provides comprehensive customer support through various channels, but mainly phone centers. Swissquote customer care:
Support Center | +41 44 825 88 88 | 8:00 - 22:00 CET Monday to Friday |
Forex | +41 44 825 87 77 | 8:00 - 18:00 CET Monday to Friday |
Forex Dealing Desk | +41 22 999 94 76 | From 23:00 Sunday to 23:00 Friday CET |
Ticket | Through the official website | 24/7 |
Chat Bot | 24/7 |
Swissquote's multilingual support team is known for their professionalism and expertise, ensuring clients receive timely and accurate assistance.
Swissquote on Review Websites (Trust Score)
User satisfaction may be the most important aspect of the Swissquote review. The broker has established a strong reputation in the online trading industry with 135,000+ monthly Google searches and experience of over 20 years in the markets.
3.8 out of 5 based on 2,835 reviews | |
Forex Peace Army | 2.5 out of 5 based on 15 reviews |
Conclusion and Final Words
Swissquote is a robust and versatile broker, offering a wide range of financial services, such as CFD contracts on Forex, Metals, and Indices, backed by the reputation of a Swiss bank.
Swissquote broker offers these products through cutting-edge trading solutions, including MT4, MT5, and CFXD. Share your thoughts about the Swissquote review in the comments.
