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Swissquote is a tech-first financial institute that offers multiple financial services and trading facilities being one of them. It is not a typical Swiss Bank or lending institution.

It has made technology its priority to provide enhanced services to traders.

In this article, we will talk about the different types of accounts that Swissquote provides.

Then we will discuss its commission plans, leverage, trading features, benefits, offers, and whatnot.

So, this article is going to be a guide and Swissquote review and you can understand and make a wise decision after going through this article.


About Swissquote & Accepted Countries

Founder / CEOMarc Buerki
Established Year1996
Publicly TradedYes
Total Employees200+
RegulationsDFSA, FCA, FINMA, MAS, MFSA, SFC
HeadquarterSwitzerland

Swissquote was incorporated in 1996 which makes it a 25 years old company in this space. It was founded by Marc Bureki in Switzerland which is now its headquarters.

Swissquote Forex BrokerThe brokerage firm is regulated by multiple finance authorities across the globe.

To name a few, there are DFSA, MAS, SFC, FCA, and others. It is a publicly-traded brokerage house which makes it more popular than others as it has greater reach.

The firm has its presence in multiple locations which include Bern, Luxembourg, Dubai, Hong Kong, Singapore, Malta, London, and Zurich.

The firm has more than 800 employees at present.


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    Swissquote Trading Platforms

    Trading PlatformAdvanced Trader, MT4, MT5
    Desktop Platform – WindowsYes
    Desktop Platform – MacYes
    Desktop Browser PlatformYes
    Mobile Site PlatformYes
    Android App PlatformYes
    iOS App PlatformYes
    Windows App PlatformNo
    Other Mobile OS PlatformNo
    Real-time UpdatesYes
    Portfolio DetailsYes
    Research ReportsYes
    Global IndicesYes
    Personalized AdvisoryYes
    Interactive ChartsYes
    Live MarketsYes
    Multi-Account ManagementYes
    Trading Platform Supported LanguagesArabic, Chinese, English, french, german, Italian, Russian, Spanish

    One of the crucial things that as a trader you need to check before choosing a brokerage house is the trading platform.

    You need to check which trading platforms you are going to get if you open an account with the broker.

    With Swissquote, you are going to get multiple trading platforms.

    There are MetaTrader 4 as well as MetaTrader 5. These two are the most advanced platforms for trading at present in the world and you get both.

    It is available on the desktop platform, mobile platform as well as on web-browser.

    With all the trading platforms, you can trade any investment instruments which are available with Swissquote.

    There are interactive charts, live price quotes, multiple technical indicators, and various other features available for a smooth and rich trading experience.

    The trading terminals have a huge amount of research reports which you can use for investment purposes.

    Apart from these, you can do your research as well by using the technical research tools and other fundamental information about the companies or the instruments you want to research.

    Another feature of the trading platforms of this brokerage house is that the trading platforms support multiple languages.

    As the brokerage has its presence in multiple countries, they incorporate the language in their trading platform to ease the trading experience of all.


    Swissquote Mobile App

    The Swissquote app is the mobile trading platform of this broker which is available both on android and iOS platforms.

    The applications are loaded with features that are rare to see on all mobile platforms for trading.

    You can trade, track and monitor as usual and that too any instruments. However, with the Swissquote app, you can do research on stocks, commodities, currencies using mobile-only. You can get the latest updates about the market.

    Then the Swissquote app also has multiple technical charts and indicators.

    So, if you need to do technical analysis of any instrument, and your desktop or laptop is not with you, you need not worry.

    You can do the same research on your smartphone, isn’t that great? It saves time as well as it’s easy.


    Check out Mobile Apps of more Forex Brokers


    Swissquote Commission or Brokerage or Fees

    Commission on tradesNo
    Fixed spreadsNo

    Commissions are something that always worries the traders. It is the fee or charge that brokerage houses charges for rendering services.

    However, with Swissquote you do not need to worry about commission. It is because the Swissquote commission is nil.

    Yes, for any type of trading account you open with this brokerage house, you do not need to worry about the commission.

    So, trading is completely free with this firm and you can save a lot.

    Commission increases the cost of trading and reduces the profit of the trader and since the Swissquote commission is zero, your profit will be higher than other traders trading with other brokerage houses.

    Another factor that also helps you save your money is the spread and Swissquote has no fixed spread for any account type.


    Swissquote Exposure or Leverage

    Maximum Leverage1:100

    Exposure or leverage plays a great role in determining the profit of the traders.

    It is one of the crucial factors that every active trader checks before opening an account with any broker. Without a good amount of exposure, it is difficult for active traders to trade properly.

    Leverage or exposure in trading means financial support you get from the brokerage house. In simple words, it is the margin over your deposited funds.

    Suppose you have deposited $1000 in your trading account.

    Now while trading you need $15000. If the brokerage house provides leverage of 1: 15 and above, then you can easily trade your desired number of instruments/ lots.

    If the leverage is lesser than this, then you need to deposit more funds or leave.

    So, with Swissquote you get leverage of 1:100.

    This means with $1000 in your trading account, you can trade financial instruments worth $100000. Isn’t that a great feature of this brokerage house?


    Payment Methods provided by Swissquote

    DepositCredit Card, Cryptocurrencies, Wire Transfer
    WithdrawWire Transfer

    When it comes to payment methods, the brokerage houses must be cautious and provide ultimate security to the trader’s fund, which is what traders expect.

    Swissquote has multiple payment options for deposit of funds while for withdrawal, there is only one option.

    You can deposit money into your trading account with Credit Cards, Wire Transfer methods, or by using cryptocurrencies as well.

    However, for withdrawing the amount from the account, you can only use the wire transfer method. They have chosen wire transfer for its high level of security purpose.


    Find out Payment Methods provided by other Forex Brokers


    Investment in Asset Classes or Markets by Swissquote

    Currencies TradingYes
    Commodities TradingYes
    Indices TradingYes
    Stocks TradingYes
    Cryptocurrency TradingYes
    ETF’s TradingYes
    Bonds TradingYes
    FUTURES TradingYes
    OPTIONS TradingYes
    Supported Cryptocoins0x, augur, bitcoin, bitcoin-cash, eos, ethereum, ethereum-classic, litecoin, ripple, stellar, link, xtz
    Total Tradable Assets130
    Number Of Currency Pairs80
    Number Of Cryptocurrencies12
    Number Of StocksN/A
    Number Of Indices13
    Number Of Commodities6
    Number Of Futures29
    Number Of Options46
    Number Of Bonds3
    Number Of ETFsN/A

    The financial instruments that you can trade include –

    • Total 130 tradable assets
    • 12 cryptocurrencies
    • 80 currency pairs
    • 13 global indices
    • 6 types of commodities
    • This brokerage house provides derivatives trading as well. You can also deal in futures and options too. There are 29 future contracts that you can trade. Also, there are 46 options contracts to trade.
    • There are three types of bonds available as well.

    Swissquote Virtual Trading or Demo Account

    Virtual MoneyNA
    ChargesFree

    If you are a new trader, then this feature would make you happy. Yes, Swissquote provides a demo account with unlimited virtual cash.

    You can use this virtual demo account for trading real stocks with dummy cash.

    You can analyze, check, and track the market, but the money will be a dummy. So, when you lose money for wrong trades, your real money doesn’t get the effect.

    There are also no charges for using this account, isn’t that great? It is free of cost for every trader.

    Even professional traders can use the demo account to test run their new strategies for trading.


    Swissquote offers or Deals

    Free Learning CoursesYes
    Free Demo AccountYes
    Discount on BrokerageYes
    Flexible Brokerage PlansYes
    Referral OffersYes
    Forex Trading ContestNo
    Trading Bonuses & RewardsNo

    This brokerage house comes up with new offers now and then. Some of the common offers which are always available includes –

    • Free educational courses on trading
    • Different discounts
    • There are referral offers as well

    Swissquote Regulation or Licensing

    RegulationsDFSA, FCA, FINMA, MAS, MFSA, SFC

    Swissquote has been recognized and gets regulated and licensed by DFSA, FINMA, SFC, FCA, MAS, and MFSA.

    All these are securities and financial authorities of different countries where this brokerage house is having its presence and office.


    Find out Regulations & Licensing of more Forex Brokers


    Swissquote Features

    Educational ServicesYes
    Social Trading / Copy TradingYes
    Trading SignalsYes
    Email AlertsNo
    Guaranteed Stop LossNo
    Guaranteed Limit OrdersNo
    Guaranteed Fills / LiquidityNo
    OCO OrdersYes
    Trailing SP/TPYes
    Automated TradingYes
    API TradingYes
    VPS ServicesYes
    Trading From ChartYes
    Interest On MarginNo
    Offers HedgingYes
    Offers PromotionsYes
    One-Click TradingYes
    Expert AdvisorsYes
    Other Trading FeaturesNo

    As a Swissquote trader, you can avail all the features mentioned in the table above. Let us discuss some of the crucial ones.

    For instance, it provides educational services which means that there are multiple courses on trading and investments.

    These courses are open to all, you can choose the one you want to. All these courses are free as well.

    Then there is a social or copy trading facility where you can copy the trading strategies of famous traders and investors and apply them to your trades.

    There is an automated trading facility as well along with a Robo-advisory feature.

    Similarly, there are API trading, VPS services, and many such features which can only better your trading experience.


    Swissquote Account Types

    Take a look at the types of accounts that the company is offering:

    Account TypeSTANDARDPREMIUMPRIME
    Initial Deposit1,000 USD10,000 USD50,000 USD
    Spread1.7 pips1.4 pips1.1 pips
    CommissionZero Commissionsits Zero CommissionsZero Commissions
    Leverage1:100its 1:1001:100

    There are 3 types of accounts that Swissquote provides to the customers. Let us read about them individually –

    Standard Account:

    The first type of account that this brokerage house provides is a Standard Account.

    The account holders of standard accounts can get up to 100 times of really huge exposure.

    Then the account is a zero commission account which means you do not need to pay any commission on the trades you do use this account.

    The spread for this account is 1.7 pips. The initial deposit you would require for opening this account is $1000.

    Premium Account:

    The next up is the premium account which can be opened with a $10000 initial deposit. This account also has no commission attached to it.

    Then the spread level is 1.4 pips. You can get a hundred times of leverage with this account as well.

    Prime Account:

    Finally, we have a prime account where the spread is 1.1 pips but the initial deposit requirement is $50000.

    This account also has no commission charges. Again the leverage you can expect is up to 100 times.


    Swissquote Trading Account Features

    Check below all the trading account features under various account types:

    Trading Desk TypeBank, Dealing Desk, Market Maker, No dealing desk
    Min Deposit$1000
    Maximum Leverage1;100
    Mini AccountYes
    Premium AccountYes
    DEMO ACCOUNTYes
    Islamic AccountNo
    Segregated AccountYes
    Managed AccountNo
    Institutional AccountYes
    Suitable for beginnersYes
    Suitable for professionalsYes
    Suitable for scalpingYes
    Suitable for daily tradingYes
    Suitable for Weekly tradingYes
    Suitable for swing tradingYes

    Swissquote – Research & Advisory

    Find below all the different reports and support provided by its Research & Advisory team:

    Fundamental ReportsYes
    Research ReportsYes
    Company ReportsYes
    Daily Market CommentaryYes
    News (Top-Tier Sources)Yes
    Delko’s ResearchNo
    Top PicksYes
    AutochartistYes
    Acuity TradingNo
    Company Stock ReviewYes
    Free Stock TipsYes
    WebinarsYes
    Video EducationYes
    Economic CalendarYes
    Offline AdvisoryYes
    Relationship ManagerYes

     


    Swissquote Benefits

    The benefits of trading using the Swissquote facilities includes –

    • Multiple trading platforms
    • Free trading facility
    • Demo account
    • There is huge leverage that you can use
    • Different discount offers
    • 130 types of tradable instruments to trade
    • Various advanced-level trading platforms
    • Free research and advisory services
    • Multiple technical tools and analytical tools
    • Three different types of accounts for different types of traders
    • Multilingual customer support services
    • Global network

    Swissquote Cons or Drawbacks

    • High initial deposits
    • High spreads

    Swissquote Trading Hours

    The trading hours vary as per the country and type of instrument you are trading with Swissquote.

    You can trade cryptocurrencies, normal currency pairs 24/7 as these markets are open round the clock.

    However, with stocks, futures, commodities, you need to follow the timing of the market of the country you are trading in.


    Swissquote Customer Care or Contact Details

    Dedicated DealerYes
    Support During WeekendsYes
    Online TradingYes
    24*7 SupportYes
    Email SupportYes
    Live Chat SupportYes
    Customer Support LanguagesArabic, Chinese, Czech, English, French, German, Italian, Russian, Spanish

    The customer care of Swissquote is exceptionally professional and dedicated to the customers.

    There are multiple languages in which you can connect and communicate. You can connect via email, live chat using the trading platforms.

    Then they provide dedicated dealer support too.


    Swissquote Safety & Security

    If you are bothered about security issues, then do not worry. Swissquote has top-notch SSL and encryption features that protect all your data and funds.

    Your transactions are safe and secure.


    Swissquote Rating & Reviews

    Based on different users and their experiences below are the company rating and reviews:

    User Experience7.0 / 10
    Products & Services7.6 / 10
    Brokerage Charges & Fees7.1 / 10
    Research & Advisory7.2 / 10
    Trading Platforms7.1 / 10
    Overall Ratings7.2/ 10
    Star Ratings★★★☆☆
    Total Client Reviews86

    Swissquote Forex Trading – Conclusion or Verdict

    To conclude, we can say that Swissquote is a brokerage house that has very high standards.

    It provides exceptional services and that too for free that is no commission charges have to be paid by the traders.

    However, the spreads are a little higher and the initial deposits are a little too high.


    Swissquote Forex Trader FAQs

    Here is the list of FAQs related to the Swissquote forex trader:

    Is Swissquote Safe for Trading?

    Yes, it is a regulated brokerage house. It is regulated by multiple securities commissions like FCA, DFSA, and others.

    What is the Commission for Swissquote?

    The commission that you have to pay for trading with Swissquote is zero. Yes, it doesn’t charge any commission from any traders.

    How to Open a Trading Account with Swissquote?

    To open a trading account with Swissquote –

    • Click on this tab “ open account”
    • Fill the form and submit it
    • Upload required documents when the Swissquote associates call you
    • After they verify the details and documents they create your account and send the login credential to your registered email
    • Then you can log in to your account using any trading platform

    Can I invest in Cryptocurrency with Swissquote?

    Yes, there is a provision for investing in cryptocurrencies with Swissquote. There are twelve coins available for trading.

    What leverage does Swissquote provide?

    The leverage that Swissquote provides to each trader is the same. It is the same across all three types of accounts as well.

    So, the leverage is 100 times what you have in your trading account.

    So, if you have $10 in the trading account, you can trade assets worth $1000 and if you have $10000 in the trading account, then you can trade assets worth $1000000.

    Does Swissquote have a trading app?

    Yes, the Swissquote app is there, the mobile trading application of this brokerage house. It is available on android as well as an iOS platform.

    How to contact Swissquote customer care?

    You can directly chat with them using the live chat option on the trading terminal or mobile platform. Otherwise, you can mail them or call.

    Is Swissquote Regulated?

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

    Is Swissquote good for Beginners?

    Yes, it is suitable for beginners if they use the standard account and professional traders can use the Prime or Premium account.

    Who founded Swissquote?

    Swissquote was founded by Marc Bureki in 1996. It has its headquarters in Switzerland and other offices across the globe.


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