Swissquote Trading Account – Review, Types, Process, Benefits, Charges & moreLast Updated Date: Apr 29, 2022
Know everything about Swissquote Trading Account here.
One of the most important things that lead you to make a profit out of trading is the trading account.
A trading account is a pivotal account from which all the trade orders are placed, and once they are executed, the financial instruments are traded accordingly.
So, without a trading account, you cannot trade any asset whether it is currencies or stocks, or any other asset class.
In this article, you are going to read about Swissquote Account in detail. We will discuss the features and benefits of using this account for trading purposes.
Then we will also elaborate on the process of opening the account and setting it up for trading.
So, you can learn everything about this trading account in detail in this article.
Swissquote Trading Account and Benefits
Swissquote is one of the premier brokerage houses in the world having its existence since 1996.
Being an experienced brokerage house, it has been providing services and products that are excellent and increase the efficiency in trading.
It has its base location or headquarter in Switzerland. The brokerage house is regulated by multiple securities commissions like DFSA, MFSA, FCA, SFC, FINMA, and MAS.
This is a publicly-traded brokerage house and thus you can have complete faith in the same as hardly there are brokerage firms which are public companies.
Now coming to the benefits that as a trader you can have by trading using the Swissquote Trading Account are as follows –
An abundance of tradable instruments:
There are more than 2.5 tradable instruments that you can get access to using this trading account.
There are shares, mutual funds, bonds, futures and options, ETFs, cryptocurrencies, indices, and many other assets.
These ample tradable assets provide the ground for the diversification of the investment which reduces the risk of investment.
The Swissquote online trading platforms are highly intuitive, loaded with multiple tools and resources for exceptional trading experience.
The trading platforms are available on multiple devices whether it is mobile or desktop or MAC. You can get access to multiple charts, indicators for technical analysis on these platforms. Moreover, all these platforms are fully customizable.
You can add different widgets as well to the platforms for better performance.
There are multiple market watchlists, quick searches, and a lot more options for an excellent trading experience.
With the Swissquote Trading Account, you can avail thematic trading facility as well.
The fee you need to pay for the trades is fixed and it is a flat fee making your trading cost less. It is one of the lowest fees that you can get in the market.
Swissquote with its exceptional market pricing and automation features reduced the fees to a great extent. This in turn helps the traders to earn extra profit as the cost is less.
You can access the Robo-advisory facility with this trading account. Your trades can be automated but without losing control over the account.
The trading accounts provided by Swissquote are suitable for both beginners and professional traders.
There are different types of accounts that you can choose as per your trading goals and budget.
Fill up the Form – Open Forex Trading Account Now!
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Swissquote Trading Account Charges
|Trading Account Charges|
|Initial Deposit||1,000 USD||10,000 USD||50,000 USD|
|Spread||1.7 pips||1.4 pips||1.1 pips|
|Commission||Zero Commissions||No Commissions||Zero Commissions|
For opening the Swissquote Trading Account you need to have a minimum of $1000.
However, this amount varies from one type of trading account to another that is offered by the brokerage house.
While the minimum is $1000, the maximum amount you would need to open the PRIME account type is $50000.
The initial deposits are pretty high compared to the peers in the market. However, the commissions/ fees are way less.
However, the amount mentioned above is the deposits and you can use them for trading, so there are no account charges.
Types of Swissquote Trading Account
|Types of Trading Account|
|Trading Desk Type||Bank, Dealing Desk, Market Maker, No dealing desk|
|Suitable for beginners||Yes|
|Suitable for professionals||Yes|
|Suitable for scalping||Yes|
|Suitable for daily trading||Yes|
|Suitable for Weekly trading||Yes|
|Suitable for swing trading||Yes|
There are 3 types of accounts that you can open with Swissquote which are –
The basic trading account of Swissquote is the standard account that you can open by depositing $1000.
The spread you can avail in this account is 1.7 pips which are quite high.
However, the commission is nil and thus you do not have to pay any brokerage charges for trading. The leverage is up to 100x which is huge as well.
Then comes the Premium account type which you can open with $10000.
Here the spread level is 1.4 pips which is lesser than the standard account but still on the higher end.
The commission is nil as well and you get exposure up to 100 times.
Finally, there is this Prime account which has a very high initial deposit requirement of $50000.
However, the benefit is that the spread is just 1.1 pips with no commission as well. With this account as well you get up to a hundred times of leverage.
Swissquote Account Opening and Trading Process
You can open and trade with a Swissquote trading account in few simple steps which are –
- Fill the form by clicking on the Open account tab on this page
- Enter all the details – name, occupation, age, address and contact details, bank details, and others and then submit it
- Swissquote associates will call you and confirm the details and ask for the documents
- Upload the photocopy of the document properly and wait
- Once the account is open, you will receive the login id and password
For logging in you need to –
- Download the trading platforms from the website and Google Playstore, App Store, or the Swissquote website
- Open the application or the terminal software or open the Swissquote online trading platform and then click on the login button
- Enter the log id and password that you have received in the email of approval of the trading account.
- You can then see the dashboard and your trading account with the information.
Once you enter the trading platform, you can customize it according to your preference.
- You can add different instruments to the dashboard
- You can set up different alerts
- Add stocks/ currencies/ other assets on the market watchlist
For trading, you need to –
- Select the financial instrument or the class of asset you want to trade
- You will find buy, sell, modify, cancel, details, and other similar options
- If you want to buy, click on the buy, similarly, if you want to sell, click on sell.
- Enter the units of the instruments you want to buy or sell
- Check the price, enter a bid
- Click on enter and your order will be submitted
- It will take a few seconds to execute your order and then you see the updated holdings on your dashboard.
Find Different Trading Account Types of Forex Brokers
Swissquote Trading Account – Features
|Social Trading / Copy Trading||Yes|
|Guaranteed Stop Loss||No|
|Guaranteed Limit Orders||No|
|Guaranteed Fills / Liquidity||No|
|Trading From Chart||Yes|
|Interest On Margin||No|
|Other Trading Features||No|
The features of the Swissquote trading account are as follows –
With any trading account of Swissquote, you get free learning resources and educational services.
These learning resources can be used for understanding various concepts of trading and the stock market.
One of the most useful and powerful features that you can avail yourself of with the Swissquote account is social or copy trading.
You can copy the trading strategies of eminent and popular traders and use them for your trade.
There are ample charts, indicators, and other analytical tools for technical analysis.
You can trade using different types of orders like OCO, Trailing SP/TP, stop-loss, and others.
Automated trading with API and VPS services:
There are automated trading features that ease the trading process. Moreover, there are API trading and VPS services available too.
When you use the marginal trading feature, you do not have to pay any interest on the margin you take, isn’t that great?
With this trading account, you can do hedging as well.
Research and advisory services:
The research and advisory team are fully professional and prudent at their work. You can get multiple advisory services and research resources for investment and trading.
Check out Online Trading Services of FOREX Brokers
Swissquote Trading Account – Conclusion
Swissquote trading account has undoubtedly a huge client base because of all the features and facilities and services it provides with the trading account.
Low commission accounts with innumerable facilities enhance the quality of trading and help in making higher profits.
So, if you are looking to open a trading account, you can consider a Swissquote account for obvious reasons.
Swissquote Online Trading – FAQs
Here is the list of FAQs related to the Swissquote trading account:
Does Swissquote provide Online Trading?
Yes, there is an online trading facility of Swissquote. You can trade all the asset classes online with this trading account.
What are the Commission Charges in Swissquote?
The commission charges are very low and also nil for some of the types of accounts.
This brokerage house provides one of the most competitive pricing for trading.
Does Swissquote provide Demo account Trading?
Yes, you can avail yourself of the Demo account facility.
It is available free of cost.
You can use this for learning trading and using your trading strategies.
You can switch to a real trading account when you are confident enough to put in real cash.
Is trading Free at Swissquote?
No, there are certain charges that you need to pay for trading.
There are commission, exchange fees, and other related charges.
Does Swissquote provide Spot Metals Trading?
No, there is no spot metal trading facility available with Swissquote.
You can trade metals though and other commodities normally.
What are Spot Metals Trading Charges at Swissquote?
Since metals are not available for spot trading, there are no particular charges for the same.
For metals and commodities trading, the commission depends on the type of account you have.
Does Swissquote provide Stock Trading?
Yes, multiple stocks are available with this brokerage house. You can do a technical and fundamental analysis of these stocks and select the one you want to trade.
What is Spread at Swissquote?
The spread at Swissquote varies from 1.1 pips to 1.7 pips as well. The spread is quite competitive if you compare it with the market average.
Is Swissquote safe for trading?
Swissquote is regulated by multiple securities commissions like FCA, SFC, DFSA, MFSA, and others. So, you can understand how secure it would be.
Does Swissquote provide Trading Tips?
Yes, there is a dedicated research team that comes up with multiple tips and suggestions. You can avail of them for free.
Fill up the Form – Open Forex Trading Account Now!
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