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Swissquote Bank Detailed Review: Everything You Need To Kno

Regulation and Licenses FINMA,CSSF,FCA,DFSA,SFC,MFSA,MAS
HQ Switzerland
Founding year 1996
Leverage range Up to 1:100
Min deposit $1,000
Platforms MT4,MT5,proprietary,trading platforms,mobile trading
Tradable Instruments Stock,ETF,Forex,Fund,Bond,Options,Futures,CFD,Crypto
Demo account Yes
Base currencies Supports multiple currencies
customer support 24/5 multilingual support

Swissquote Bank Detailed Review: Everything You Need To Know

Swissquote is a popular and well-respected online bank and broker headquartered in Switzerland. The company was founded in 2000 and today serves over 330,000 clients in more than 120 countries. Swissquote is a publicly-traded company listed on the market.

Swissquote offers a comprehensive range of products and services, including stock and ETF trading, forex trading, bond and options trading, futures trading, CFD trading, and cryptocurrency trading. The broker also offers a selection of proprietary platforms and the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. The minimum deposit at Swissquote is $1,000, and the maximum leverage allowed is 1:100, which is relatively high by European standards.

Swissquote is a regulated broker with FINMA, CSSF, FCA, DFSA, SFC, MFSA, and MAS. The broker's headquarters are located in Switzerland, with offices in Luxembourg, the U.K, UAE, Hong Kong, Singapore, and Malta.

Swissquote offers 24/5 multilingual customer support via phone, email, and live chat. Moreover, Swissquote offers robust security to protect client funds and account information. The Swissquote broker has implemented SSL and two-factor authentication to ensure that only authorized users can access client accounts.

Moreover, Swissquote offers a wide range of trading tools like market analysis, trading signals, and an economic calendar. The broker also has a good education center that offers trading courses, e-books, video tutorials, and webinars. Swissquote is a safe and reliable online broker suitable for both novice and experienced traders. Swissquote offers a full-fledged suite of products and services at good prices.

Pros Cons
Highly regulated broker Email replies are slower
Multilingual support Customer support is not 24/7
Higher range of tradable assets
Robust security
Access to research tools

Swissquote broker safety information

Swissquote is among those brokers that are highly reputed and strictly regulated. The broker has obtained licenses from some of the most reliable regulatory organizations in the world like FINMA, CSSF, FCA, DFSA, SFC, MFSA, and MAS.

The broker uses SSL encryption to ensure that all the data transmitted between the client and the server is encrypted. Swissquote has also implemented two-factor authentication to ensure that only authorized users can access client accounts.

Moreover, Swissquote has also implemented KnowYour Customer (KYC) and Anti-Money Laundering (AML) procedures to ensure that all the clients are legitimate and that their money is not involved in any illegal activities. AML implementation helps Swissquote detect and prevent any kind of money laundering activities. Also, Swissquote offers 24/5 multilingual support, which is very helpful for the clients. As a result, we can say that Swissquote is a safe and reliable online broker suitable for both novice and experienced traders. Swissquote is also regulated by three different financial authorities, making it a safe broker to trade with.

Swissquote fees structure

Swissquote offers multiple trading accounts, and the fee also varies depending on the account type. The minimum deposit at Swissquote is $1,000, and you get leverage of 1:100 across all the account types. The spreads start from 1.1 pips, and it goes up to 1.7 pips.

The fee structure is quite broad as Swissquote offers various products and services. For example, when you trade US stock CFDs the charge is USD 0.01/share, min USD10., Moreover, the EUR/USD and GBP/USD fee are in the form of spreads, an average of 1.6 pips and 1.7 pips. However, it can rise during peak hours.

Swissquote also charges an inactivity fee of ten units of your base currency if you don't use your account for six months or more. In addition, this inactivity fee will be deducted monthly from the Swissquote account. The minimum deposit for a live account is $1,000.Spreads information at Swissquote

Fees Type Swissquote Bank
Deposit fee No
Withdrawal fee No
Inactivity fee Yes
Fee ranking Low/Average

Spread is something that all traders have to pay attention to when they are looking for a new broker. Spread is the difference between the bid and the asking price of a currency pair or other instruments, and it is how brokers make their money. The average spread at Swissquote for is between 0 pips and 1.3 pips. Compared to other brokers, the spreads at Swissquote are relatively on a higher side. The commission on forex at Swissquote starts from $0 per lot and goes up to EUR 2.5 per leg. Below is the information related to spreads for all accounts of Swissquote:

Standard — 1.7 pips

Premium — 1.4 pips

Prime — 1.1 pips

Professional — custom spreads

Moreover, the company has not mentioned whether the spreads are floating or fixed. Floating spreads mean that the spreads widen during high volatile market conditions. On the other hand, fixed spreads remain constant regardless of market conditions. In terms of spreads, Swissquote is an average broker, and many brokers offer better value in terms of spreads and commissions.

Swap fee at Swissquote

You need to pay the swap fee when you hold a position open overnight. The swap fee is either deducted from your account balance or added to it, depending on the direction of your trade.

If you trade forex with Swissquote, you will be charged a swap fee for every night that your position is left open. The size of the swap fee depends on the currency pair being traded and the direction of your trade. The Swissquote swap fee for holding a long position overnight (buying a currency pair) is typically less than the fee for holding a short position overnight (selling a currency pair). There is no information available on the Swissquote website regarding accurate swap fees, and you need to contact their customer support for more information.

Deposit and withdrawal methods available at Swissquote broker

There are several deposit and withdrawal methods available at Swissquote brokers. The most popular deposit methods are credit/debit cards, bank transfers, and e-wallets. The credit/debit card deposit is instant, while the bank transfer takes 1-3 days for the funds to reflect in your account. The e-wallet deposit of Swissquote is also instant.

The withdrawal methods are similar to deposit methods. The most popular withdrawal method is bank transfer which takes 1-3 days while the credit/debit card withdrawal takes longer. Both the deposit and withdrawal methods are protected with SSL encryption. There are no charges for deposits however, the withdrawals are charged based on the country you live in.

Below are the minimum deposit details for every account of Swissquote:

● Standard — $1,000

● Premium — $10,000

● Prime — $50,000

● Professional — Volume-based

Compared to other brokers, the minimum deposit amount is relatively high. However, many people choose Swissquote for the services and products it offers. Overall, the deposit and withdrawal process at Swissquote is very efficient.

Tradable markets on Swissquote

Swissquote is a multi-asset broker offering a wide range of tradable markets, including forex, stocks, ETFs, bonds, options, futures, CFDs, and supports crypto trading.

The forex market at Swissquote is the most popular trading market globally, with a daily turnover of more than $5 trillion. Swissquote offers more than 80 currency pairs for trading, including primary and minor currency pairs. The spreads at Swissquote start from 1.1 pips for the EUR/USD currency pair, which is very competitive. Moreover, some popular currency pairs you can trade with Swissquote are EUR/USD, GBP/USD, USD/JPY, and USD/CHF.

In addition to forex trading, Swissquote also offers stock, ETF, bond, and options trading. The broker has a good selection of stocks from all major exchanges, including the NYSE, NASDAQ, and London Stock Exchange (LSE). There are more than 1,700 stocks available for trading at Swissquote. The spreads on stock CFDs start from 1.1 pips. ETFs are a very popular way to trade different markets in a single trade. Swissquote offers over 80 ETFs for trading. ETFs are a very popular way to trade different markets in a single trade on Swissquote.

Bonds are also a popular tradable on Swissquote. The broker offers more than 1,000 bonds for trading with a commission on bonds starting at CHF 9 per trade. Options and futures are also tradable at Swissquote, with 10,000 options and more than 50 futures for trading. Overall, Swissquote is a good choice for traders looking to trade a wide range of markets.

Leverage at Swissquote

The maximum leverage allowed at Swissquote is 1:100, which is relatively high by European standards. The average leverage offered by other European brokers is 1:30. Leverage allows traders to trade with more money than they have in their accounts.

For example, if you have a $1,000 account and use 1:100 leverage, you can trade with $100,000. Leverage also magnifies both profits and losses. Therefore, it is important to use leverage responsibly and not risk more money than you can afford to lose. Overall, Swissquote offers a good selection of tradable markets with competitive prices and high leverage.

Swissquote trading platforms for traders

Swissquote is a popular online broker offering a wide range of trading platforms for its clients. The broker offers the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. In addition to these platforms, Swissquote also offers its own proprietary platform called Advanced Trader and a mobile trading app.

At all trading platforms of Swissquote, you get negative balance protection that protects you from losing more than your account balance. Moreover, all platforms offer a wide range of features and tools like market analysis, economic calendar, a news feed, etc. Let's look at all trading platforms available at Swissquote.

MetaTrader 4

MetaTrader 4 (MT4) is the most popular trading platform in the world, used by millions of traders. Swissquote offers the MT4 platform for desktop, web, and mobile trading. The MT4 platform is very user-friendly and provides a wide range of features and tools for technical analysis. You can also use custom indicators and Expert Advisors (EAs) on the MT4 platform. Overall, the MT4 platform is suitable for all kinds of traders.

MetaTrader 5

MetaTrader 5 (MT5) is the latest version of the MT4 platform with some additional features. The Swissquote MT5 platform is available for desktop and mobile trading. The interface of the MT5 platform is very similar to the MT4 platform, so you will not have any problem switching to the MT5 platform. The main difference between the MT4 and MT5 platforms is that the latter offers more technical indicators and charting tools. Overall, both MT4 and MT5 platforms are suitable for trading forex, stocks, and other markets.

Proprietary Swissquote trading platform

The proprietary trading platform of Swissquote is suitable for advanced traders. The platform is available for desktop and mobile trading. The Advanced Trader platform offers more features and tools than the MT4 and MT5 platforms. Some of the platform's unique features are social trading, algorithmic trading, and advanced charting tools.

Mobile trading

Swissquote offers mobile trading apps for Android and iOS devices. The mobile trading app is very user-friendly and offers all the features and tools available on the desktop trading platform. You can trade forex, stocks, ETFs, bonds, and other assets with the Swissquote mobile app.

In addition to this, Swissquote also offers a demo account that you can use to practice your trading strategies. The demo account is completely free, and you get virtual money to practice trading.

Accounts available on Swissquote

swissquote accounts
swissquote account types

Swissquote offers four accounts, which are as follows:

Standard account

The standard account is designed for beginner and casual traders with a minimum deposit of $1,000. This account offers spreads from 1.7 pips and maximum leverage of 1:100. The standard account also comes with a free demo account to help you practice your trading strategies.

Premium account

The premium account is designed for experienced traders with a minimum deposit of $10,000. This account offers spreads from 1.4 pips and maximum leverage of 1:100. The premium account also comes with a free demo account to help you practice your trading strategies. Moreover, while trading forex, you need to pay charges of $0.02 per share at Swissquote.

Prime account

The prime account is designed for institutional and high-volume traders with a minimum deposit of $100,000. This account offers spreads from 1.1 pips and maximum leverage of 1:100. The prime account also comes with a free demo account to help you practice your trading strategies. In forex trading, you need to pay $0.01 per share charges.

Professional account

You need to contact the Swissquote customer team to know more about the professional account as it is designed for high-net-worth individuals and institutional traders. However, the maintenance margin is 100%, and the stop-out level is 30%, similar to other accounts.

How to open a trading account with Swissquote:

Opening an account with Swissquote is a very simple and straightforward process. Follow the below steps to open an account with Swissquote:

● Go to the Swissquote website and click on the 'Start Trading' button.

● Select your country of residence and choose the type of account you want to open.

● Enter your personal details like name, email, and phone number.

● Choose a strong password and verify your email address.

● Upload the required documents for account verification.

● Make a deposit and start trading.

Overall, opening an account with Swissquote is a straightforward process. The broker offers three types of accounts, including a demo account, standard account, and premium account.

Swissquote customer support

Swissquote offers 24/5 customer support via phone, email, and live chat. In addition, the customer support team is multilingual, so you can get help in your language. Swissquote also has a very good FAQ section covering all the important topics related to trading with the broker.

Research tools available at Swissquote

Swissquote offers a wide range of research tools and resources, including market analysis, trading signals, an economic calendar, and a news feed. The research tools available at Swissquote are very good and comprehensive. Some of the key research tools at Swissquote are:

Economic calendar

The economic calendar is a very important research tool for traders. It helps traders to track important economic events that can impact the markets. The economic calendar at Swissquote is very comprehensive and covers all major economic events.

Trading signals

Trading signals are another important research tool for traders. Swissquote offers trading signals from some of the leading signal providers in the industry, including Trading Central and Autochartist.

Charting indicators

Charting indicators are a very important tool for technical analysis. Swissquote offers more than 50 charting indicators, including popular indicators like moving averages, Bollinger Bands, MACD, and RSI.

MAM, LAMM & PAMM systems

MAM, LAMM & PAMM systems are available at Swissquote for professional money managers and traders. These systems allow traders to manage multiple accounts from a single platform.

Copytrader

Copytrader is a very popular feature on Swissquote. It allows traders to copy the trades of other successful traders. This is a great way to learn from other successful traders and make money in the markets.

Educational content at Swissquote

Swissquote offers a very good education center that offers a wide range of trading courses, e-books, video tutorials, and webinars. Have a look at all available education options at Swissquote:

Trading courses

The broker offers four different trading courses, including a Forex course, a Stock course, an ETF course, and a Bond course. Each of these courses is very comprehensive and covers all the essential topics related to the market.

E-books

Swissquote also offers a wide range of e-books covering different trading topics. These e-books are very informative and easy to read.

Webinars

Swissquote also offers live and recorded webinars on various trading topics. These webinars are conducted by experienced market analysts and are very informative.

Trading glossary

The broker also offers a good trading glossary covering all the essential trading terms. This glossary is a very useful resource for both novice and experienced traders.

Swissquote review 2022 in a nutshel

Active clients 450,000+
publicly traded Yes
Crytpo Yes
website https://swissquote.com/forex
swissquote raise your ambitions
swissquote

To sum up the Swissquote review, the broker is a very good choice for online trading. The broker is regulated by major financial authorities, offers a wide range of markets for trading, and has very good prices. Swissquote also has a great selection of trading platforms and tools and a very good education center. We recommend Swissquote as a safe and reliable online broker for 2022.

FAQs

How much is the minimum deposit at Swissquote?

The minimum deposit at Swissquote is $1,000 at the standard account.

What is the leverage offered by Swissquote?

The maximum leverage offered by Swissquote is 1:100.

Does Swissquote offer a demo account for practice?

Yes, Swissquote offers a free demo account with virtual funds.

Is Swissquote a regulated platform?

Yes, Swissquote is regulated by FINMA, CSSF, FCA, DFSA, SFC, MFSA, and MAS.

What are deposit methods available at Swissquote?

The deposit methods available at Swissquote include bank wire transfer, credit/debit cards, and e-wallets.

What are the withdrawal methods at Swissquote?

The withdrawal methods at Swissquote include bank wire transfer, credit/debit cards, and e-wallets.

How do I open an account with Swissquote?

You can open an account with Swissquote by visiting the broker's website and filling out the online application form.

Does Swissquote support MT4 and MT5?

Yes, Swissquote supports the popular MetaTrader 4 and MetaTrader 5 trading platforms.

What are the spreads available at Swissquote?

The spreads at Swissquote start from 1.1 pips for the EUR/USD currency pair, which is very competitive.

What is the minimum trade size available at Swissquote?

The minimum trade size available at Swissquote is 0.01 lots.

How to get in touch with Swissquote customer support?

You can get in touch with Swissquote customer support through email, phone, or live chat.

Does Swissquote offer educational content?

Yes, Swissquote offers a wide range of educational content, including an economic calendar, market news, webinars, and more.

Can US residents open accounts at Swissquote?

No, US residents are not accepted at Swissquote.

How can I change my password at Swissquote?

You can change your password at Swissquote by logging into Settings and going to the "My Profile" section.

Can I use Swissquote on my mobile phone?

Yes, Swissquote offers a mobile trading app for Android and iOS devices.

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