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Swissquote Broker Review 2024

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Swissquote Broker Review 2024
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Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:Swissquote
Founded:Switzerland
Min Deposit:1000
Max Leverage:100
Headquarter:Gland, Switzerland
US Accepted:
About
Swissquote is an international bank and brokerage company with over 550,000 clients. The company’s headqurter is in Gland, Switzerland. It has acquired licenses from multiple regulatory bodies in various regions, including Cyprus (CySEC), UAE (DFSA), Switzerland (FINMA), UK (FCA), and many more.
Contact
Swissquote Bank SA Ch. de la Crétaux 33 P.O. Box 1032 1196 Gland, Switzerland
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
Robust MT4 and MT5 trading platforms
Multilingual Support
Vast Product Range
Regulated by multi top-tier entities
Cons
Complex Product Offering
Higher Fees than other brokers
Limited leverage options
High Minimum Deposit

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
An international bank and brokerage company that supports sports events like the UEFA Europa League and Conference League

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.

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.

Swissquote Account Types
Using Expert Advisors (EAs) on Swissquote accounts is allowed and has no restrictions

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.

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.

Swissquote Robo-Advisor
Robo-Advisors analyze various markets and make useful suggestions for your portfolio while the complete control is in your hands
  • 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

Message

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.

TrustPilot

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.

FAQs

Is Swissquote safe?

Multiple tier-1 financial authorities regulate the broker.

What is the minimum deposit?

The minimum deposit is USD 1,000 for a trading account.

Does Swissquote offer demo accounts?

Yes, you can use demo accounts with a 30-day expiration period.

Can I trade cryptocurrencies on Swissquote?

The broker offers 30+ cryptocurrencies on its regional branches (especially Luxembourg), but crypto trading is not available globally.

What trading platforms does Swissquote offer?

The broker provides its proprietary CFXD platform, as well as MetaTrader 4 and MetaTrader 5.

Are there any inactivity fees?

After 6 months of inactivity, a fee of CHF 100 per quarter will be charged.

Does Swissquote offer Islamic accounts?

No, the broker doesn’t provide swap-free accounts.

What is the leverage offered by Swissquote?

Leverage varies by instrument and account type, with up to 1:100 available for forex trading.

Can I open a joint account?

Yes, the company allows joint accounts, but both account holders need to provide documentation.

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