Swissquote Broker Review 2024

Swissquote offers access to more than 3 million products, including Forex, and Stocks from across NYSE, NASDAQ, AMEX, and SIX exchanges. The minimum deposit is $1,000, and spreads are from 0.0 pips.

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;
• Zero-commission trading;
• Minimum deposit of $1,000;
• Sponsor of “ZSC Lions” and “Genève‑Servette” hockey clubs;
• MetaTrader support.

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.

Swissquote Account Offerings

The bank provides a range of account types to suit different trading styles and investment goals:

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.

Why Swissquote? (Advantages & Disadvantages)

While the broker offers multiple trading platforms, over 400 financial instruments in its international branch, and fast order executions, it has several flaws. Let’s have a balance look at the Swissquote’s upsides and downsides.

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.

1. Navigate to the official website;
2. Click “Open your account”;
3. Fill out the sign up form;
4. 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.
  • Web Trader;
  • Android;
  • iOS.

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.

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.

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 Financial Instruments and Markets

At this stage of the Swissquote review, we explore available markets and financial instruments. The broker offers Forex (currency pairs), Precious Metals, and CFDs on Stocks, Indices, Commodities, and Bonds.

The company also provides contracts on other markets, such as Crypto, ETFs, Options, and Futures, in some of its regional branches. Key features of Swissquote trading markets:

• Forex: Over 80 major, minor, and exotic currency pairs with a minimum spread of 1.2 pips and leverage up to 1:100;
• Precious Metals: The four most popular symbols including Gold (XAU), Silver (XAG), Platinum (XPT), and Palladium (XPD), with a minimum spread of 0.01 pips and leverage up to 1:50;
• CFDs: Spot, Forward, and synthetic contracts on Stocks, Indices, Commodities, and Bonds with leverage up to 1:50.

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:

Customer Support on Swissquote Broker

The company provides comprehensive customer support through various channels, but mainly phone centers. Swissquote customer care:

Swissquote's multilingual support team is known for their professionalism and expertise, ensuring clients receive timely and accurate assistance.

Swissquote Restricted Countries

While Swissquote is a global broker, it doesn’t have the required licenses to operate in certain regions. Therefore, clients from these countries must check their local laws and see if they can use the company’s services. Swissquote Geo-Restrictions:

• United States;
• Canada;
• Turkey;
• Japan;
• Russia;
• France;
• Italy;
• Germany.

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.

Swissquote Educational Content

The broker offers a comprehensive educational center named “INSPIRE” to support traders at all levels. Here are the key parts of the Swissquote educational center.

• Morning News: Market strategy by the company’s analysts;
• Medium: Various subjects like investment, derivatives, forex, crypto, platforms, and many more;
• YouTube Channel: Daily content on market conditions;
• Podcast: Daily updates with senior market analyst, Ipek Ozkardeskaya;
• Webinars: Knowledge and insights from the best in the field.

Conclusion and Final Words

Swissquote is a brokerage company sponsoring ZSC Lions and Genève‑Servette hockey clubs. The broker offers multiple investment plans, including Themes Trading and Yield Boosters, and a dedicated crypto exchange named SQX.