Swissquote Commission or Brokerage Charges – Review, Plans, FAQs & moreLast Updated Date: Apr 27, 2022
When you start trading, what is the first thing you check? The brokerage or the commission the broker charges, isn’t it?
And it is crucial as commission reduces the profit you make from the trades and investments.
It is vital to check the commission and compare it with other brokers when you are choosing a brokerage house and thus in this article, we have come up with all the details related to the Swissquote Commission.
This article will tell you about how much you need to pay for trading different assets. The brokerage charges that are available with Swissquote and other details.
In this article, you will also find the details about the trading account opening procedure, the investment assets you can trade using the Swissquote account, and many other details.
Swissquote Commission or Brokerage Charges
Brokerage charges refer to the Swissquote fees that the brokerage house charges from the clients for rendering trading facilities to them.
This is also known as Swissquote brokerage or commission.
Every trader needs the trading platform, services, products to carry on trading and for all these facilities, the brokerage house charges commission/ brokerage.
The Swissquote Commission plans are quite different from each other.
The brokerage and commissions are different for different asset categories.
The charges also vary according to the countries you are investing in. However, it has multiple flat-fee options, then different offers to reduce the actual brokerage.
Swissquote was established in 1996 by Marc Burki.
It is a private company having around two hundred employees. Though it is headquartered in Switzerland, the brokerage house has its presence across the globe.
It is also regulated by multiple financial authorities which includes DFSA, FINMA, MFSA, FCA, SFC, and others. So, you can have complete faith in its legitimacy.
It has multiple trading facilities and accordingly, the Swissquote commission has been formulated by the broker which is quite reasonable and affordable for all types of traders.
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Types of Swissquote Commission Plans
|Types of Commission Plans|
|Initial Deposit||1,000 USD||10,000 USD||50,000 USD|
|Spread||1.7 pips||1.4 pips||1.1 pips|
|Commission||Zero Commission||Free||Zero Commission|
There are three types of accounts that this broker offers.
The initial deposit spreads and other factors vary from one account to another.
However, the brokerage/ commission depends on the type of asset you are choosing to trade irrespective of the type of account.
Let us first check all three types of accounts provided by Swissquote and then will check the commissions as per the individual asset classes –
The primary type of account is a Standard Account that you can open with only $1000.
In this account you get leverage up to 100 times and the spread level is 1.7 pips.
The second type of account is the Premium account for which you need to deposit $10000 as initial deposits.
The exposure level is the same that is up to 100 times as the previous type of account. However, the spread level is lower than the standard account and it is 1.4 pips.
Finally, you can choose a Prime account in which you can get a very low spread that is 1.1 pips but the initial deposit is quite high and it is $50000.
The leverage you can expect is the same that is up to 100 times.
Now, let us check the Swissquote commission as per each of the asset classes –
- You can start trading stocks from CHF 9. The commission changes as per the volume of the trade.
- Bonds, Swiss Dots, Funds, Structured products, Thematic trading, and ETFs are available from CHF 9 as well.
- For trading currencies, the minimum exchange fees will be 0.95% of the transaction amount.
- You can start trading cryptocurrencies by paying a 0.5% commission on each trade depending on the volume.
- The options and futures’ commission starts from CHF 1.5 and EUR 1.
As you can see the commission or Swissquote charges are pretty nominal. You can also minimize it by increasing the trading volume.
Swissquote Account Opening Process
If you think the Swissquote commission are as per your investment budget and you can afford it without hampering your profit, then you can open an account with Swissquote just by following these simple step –
- Firstly, you need to click on this tab “ open account” you see on this page
- Then a form will pop up on your device’s screen, can you see the form?
- Fill it with all the details and make sure all the correct details you are entering.
- Then submit the form and wait for the Swissquote associate to contact you
- They will take it from there and they will ask you to upload the documents for KYC
- Once you upload the documents, they will verify the same
- If and when your details and documents get verified, they will open the trading account for you and share the login credential in your email id.
Swissquote Payment or Withdrawal Methods
|Deposit Options||Credit Card, Cryptocurrencies, Wire Transfer|
|Withdrawal Options||Wire Transfer|
The payment or withdrawal methods are very crucial factors which you need to look/ check after the Swissquote fees towards commission charges.
The methods that this brokerage house provides for making payments include Credit cards, Wire transfers and also Cryptocurrencies.
However, you can withdraw only using the Wire Transfer method.
All these platforms for payment and withdrawal are quite safe and with cryptocurrencies on the list, you can use your crypto coins as well.
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Swissquote Investment Assets
|Supported Cryptocoins||0x, augur, bitcoin, bitcoin-cash, eos, ethereum, ethereum-classic, litecoin, ripple, stellar, link, xtz|
|Total Tradable Assets||130|
|Number Of Currency Pairs||80|
|Number Of Cryptocurrencies||12|
|Number Of Stocks||N/A|
|Number Of Indices||13|
|Number Of Commodities||6|
|Number Of Futures||29|
|Number Of Options||46|
|Number Of Bonds||3|
|Number Of ETFs||N/A|
There are around 130 assets that you can trade with Swissquote.
As you can see in the table above, there are multiple currencies, almost 80 pairs are available for trading.
Then there are 12 cryptocurrencies that you can invest or trade. Apart from that, you can trade indices from across the globe, there are 13 such indices.
Moreover, there are stocks of different companies, commodities, and even futures and options as well.
Swissquote provides almost all the types of assets that are available in the market.
Swissquote Commission – Conclusion
To summarise it all, Swissquote commission are pretty affordable. You do not have to pay the same amount of commission for all the asset classes.
It is different for each of them and this helps in making more profit. The spread level is also according to the type of account you are choosing.
However, the commission charges are as per the assets you are trading.
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Swissquote Charges or Fees – FAQs
Here is the list of FAQs related to the Swissquote Brokerage Charges or Fees:
Do Swissquote charge commission?
Yes, Swissquote charges a commission for all the trades.
Whether you are trading stocks or currencies or cryptos, or other assets, you have to pay some commission for availing the services of the Brokerage house.
How much does Swissquote charge brokerage?
The brokerages that Swissquote levy varies from one type of asset to another type of asset.
While it starts from CHF 9 for stocks, bonds, ETFs, funds, the same is CHF 1.5 for futures and options.
So, as per the category, the brokerage differs, Moreover, there is a flat-fee brokerage plan as well where the brokerage charges decrease as the volume of trading increases.
What is the Minimum Deposit required in Swissquote?
The minimum deposit that you can keep is $1000 for the standard account.
However, if you choose the Premium account or the Prime account, then the initial or the minimum deposit to open the account will rise to $10000 and $50000 respectively.
How much leverage does Swissquote provide?
The leverage or the exposure is very important for every trader, especially those who trade actively.
Swissquote provides quite a good exposure that is up to 100 times. The leverage is the same for each type of account.
How much is Spread at Swissquote?
The spread level is different for each of the three types of accounts.
While it is 1.7 pips for the Standard account and it is pretty high, the same for the Prime account is 1.1 pips. The premium account has 1.4 pips lower than the standard account.
What type of Commission Plans are available in Swissquote?
Swissquote commission plan is not according to the type of account they provide.
They charge the commission according to which asset you are trading.
So, the commission on trader trading stocks will be different from the commission on trading futures.
Does Swissquote provide Cryptocurrency for Investment?
Yes, there are twelve crypto coins that you can trade using the Swissquote platform.
They are available readily. You have to pay a 0.5% brokerage charge for trading these coins.
Is Swissquote a legit Forex Broker?
Swissquote has its headquarters in Switzerland and multiple branches across the globe.
It is regulated by multiple financial authorities like DFSA, FCA, SFC, MFSA, FINMA, and MAS.
So, you can understand how reliable this brokerage house can be which is under so many authorities.
Can I invest in Swissquote for $5?
It depends on the asset class you are choosing and the instrument you want to invest in. However, $5 is a bit less for starting investing.
Are there any hidden charges available with Swissquote?
No, there are no hidden charges which Swissquote can levy. The commission, exchange fees, brokerages are all given on their website.
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