Swissquote Review 2024
Minimum
deposit:
  • $1000

Trading platform:

  • Advanced Trader
  • MetaTrader4
  • MetaTrader5
Regulation:
  • FCA
  • FINMA
  • DFSA
  • MFSA
  • MAS
Bonus for deposit:
  • 0%

Swissquote Review 2024

Updated:
Updated: January 31, 2024
Your capital is at risk. Between 70 and 80% of

6.63

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum
deposit:
  • $1000

Trading platform:

  • Advanced Trader
  • MetaTrader4
  • MetaTrader5
Regulation:
  • FCA
  • FINMA
  • DFSA
  • MFSA
  • MAS
Bonus for deposit:
  • 0%

Note!

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Summary of Swissquote Bank SA Trading Company

Swissquote Bank SA is a moderate-risk broker with the TU Overall Score of 6.63 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Swissquote Bank SA clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews. Swissquote Bank SA ranks 47 among 406 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.

Swissquote is a broker that targets primarily large investors. The company is licensed by the reputable regulator FINMA and that ensures reliable protection of funds and interests of clients or investors in the event of disputes and conflicts. But for ordinary traders, Swissquote is not very convenient due to its unattractive working conditions. Swissquote is worth considering for those looking to invest from $1 million. If you are one of them, send us an email, and we will consult with you separately and help you do everything as quickly and reliably as possible. For ordinary traders, however, Swissquote is significantly inferior to its competitors in all respects.

The Swissquote brokerage firm has been operating in the Forex market since 1996. The company is regulated by the Swiss Financial Markets Authority (FINMA). The company is a member of the Swiss Bankers Association. It has offices in many financial capitals of the world: Zurich, London, Dubai, Hong Kong and is moderately popular among traders. The company falls short in the category of customer service when compared to other top companies and is significantly inferior to popular Forex brokers in many other respects also. This is reflected in its place in the Forex broker ratings. Swissquote has prioritized reliability, while paying less attention to indicators that are important for each trader, such as the size of the minimum deposit, trading conditions, deposit conditions, and its rules on withdrawing funds. The quality of Swissquote Bank's customer support is also at a satisfactory level, but lower than that of the top brokers.

💰 Account currency: EUR, USD, JPY, GBP, CHF, CAD, AUD, TRY, PLN, SEK, NOK, SGD, XGD, HUF, CZK
🚀 Minimum deposit: From $1,000
⚖️ Leverage: Up to 1:400
💱 Spread: From 1.1 p
🔧 Instruments: Currencies, CFD, precious metals, stock indices, bonds, commodities, cryptocurrencies
💹 Margin Call / Stop Out: 100/30%

👍 Advantages of trading with Swissquote Bank SA:

  • availability of a license from an authoritative regulator;
  • a wide range of financial services;
  • a large selection of deposit currencies.

👎 Disadvantages of Swissquote Bank SA:

  • not very informative and slow working site;
  • high spreads and commissions;
  • large deposit;
  • lack of multilingual support in the live chat;
  • few promotions, bonuses, contests, or other special offers;
  • a very complicated registration procedure that requires mandatory verification.

Evaluation of the most influential parameters of Swissquote Bank SA

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

6.52

/10

Regulation and safety The score for this parameter is based on the licenses a company holds. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust): CFTC – USA, FINMA – Switzerland, FCA — UK, ASIC – Australia, CBI – Ireland, JFSA — Japan, MAS – Singapore, FMA — New Zealand, IIROC – Canada, SFC – Hong Kong.

Level 2 jurisdictions (medium level of trust): CySEC – Cyprus, FSCA – South Africa, CBRC – China, SEBI – India, ISA – Israel, SECT – Thailand, DFSA – United Arab Emirates

Level 3 jurisdictions (low level of trust): FSC – Belize, FSC – British Virgin Islands, FSC – Mauritius, VFSC – Vanuatu, SCB – The Bahamas, BMA – Bermuda, CIMA – Cayman Islands

9.76

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

5.14

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

8.02

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

4.37

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

8.44

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

4.84

/10

NOTE!

Do not miss a chance to get additional monthly bonuses and payouts for trading at Swissquote Bank SA.

Login preview

Enter the referral code when you register on the website or Swissquote Bank SA app.

d6d5fe42-5550-43b5-86d7-eeebeb8916a2

Login preview

*TU may receive partnership reward for registration of the client on the company’s website on a referral link.

Your capital is at risk.
Between 70 and 80% of retail investors are losing money when trading forex instruments and CFDs.

Geographic Distribution of Swissquote Bank SA Traders

Popularity in

69.52%
CH
Switzerland
5.22%
CN
China
4.3%
AE
United Arab Emirates
3.96%
DE
Germany
3.91%
SA
Saudi Arabia
3.89%
FR
France
3.83%
RU
Russian Federation
3.16%
AR
Argentina
3.13%
GB
United Kingdom
3.03%
US
United States
18.05%
Others
Others

Video Review of Swissquote Bank SA i

Expert Opinion

Thomas Wettermann about Swissquote Bank SA

Contributor
169

Swissquote Bank, nestled in the financial peaks of Switzerland, offers a diverse panorama of options for trading and investing. Backed by a banking license and regulated by FINMA, it boasts a solid reputation and clean track record. But navigating its terrain requires careful footing, as its appeal varies greatly depending on your experience level.

For seasoned traders, Swissquote is a well-equipped summit. Multiple platforms, including the popular MetaTrader 4 & 5 alongside their own web and mobile solutions, cater to diverse trading styles. Social trading features like ZuluTrade and DupliTrade add a collaborative layer, letting you learn from and mirror the moves of experienced investors. Low minimum deposits (starting at $0) and multiple payment methods make it accessible, while a demo account and free educational resources provide foundational knowledge.

However, beginners beware. The ascent isn't without its treacherous paths. The entry-level Classic account requires a hefty €2,000 minimum balance, which quickly escalates for Platinum and VIP tiers. Fees can be sharp, especially for bonds, options, and futures, and inactivity and custody charges add hidden costs. Research and education tools, though present, lack depth and comprehensiveness, leaving you to navigate the complexities with limited guidance. Customer support, limited to phone and email, also falls short of 24/7 availability, meaning help might not be readily available when the market takes a tumble.

Swissquote Latest Comments for 2023 i

54 comments
Total score:
5.6 /10

Share your experience

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warunaraj
6 days ago

A year ago, when I was a novice trader, I carefully studied the market and looked for a reliable broker to avoid possible fraudulent schemes. After a long search and analysis of many reviews and forums, I decided to choose Swissquote. It turned out to be the right choice. I did not regret my decision, as Swissquote turned out to be a reliable and professional company. I recommend this broker.

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sue
4 weeks ago

I have received positive experience for two years of trading with Swissquote. Their reliability, execution speed, and lack of requotes make trading convenient and enjoyable. The only thing I would like to improve is to expand the range of tools for technical analysis, including those designed for trading on stock markets. Overall, I recommend Swissquote to Forex traders.

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chamaldreams
7 weeks ago

Swissquote did not pass my own check. I made a deposit, traded a little, and saw serious issues. I have a lot of experience and problems with opening orders and the operation of the platform are obvious to me. Technical support is very weak.

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jennychy
11 weeks ago

Although Swissquote is considered good, I cannot write a positive review about it. The spread here is not 1.5 points, as stated on the website. The average spread for major currency pairs at Swissquote is 4-5 points without widening. During the night or during strong market movements, the spread can reach 15-20 points. My trading strategy cannot withstand such a spread.

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faisalmaqsood
14 weeks ago

Swissquote practices blocking traders who trade successfully and actively. Although the company does not prohibit active trading, it appears that there are still restrictions. At first, I was blocked from accessing my user account for a week precisely because of active trading. Then Swissquote introduced a limit on the number of trades per day - no more than two. It’s kind of nonsense, these restrictions are strange! There is no point in trading with the broker that does not allow you to open more than two trades per day.

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veenamalik420
14 weeks ago

It seems to me that the company Swissquote is not Swiss. Because they opened an account for me in some branch located in Estonia. When I asked if the license of the Swissquote bank applies to the Estonian branch, they answered affirmatively. However, I found information on the bank's website stating that the Swiss license only applies to the company's activities in Switzerland. It looks very much like deception.

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imran171
16 weeks ago

I had to leave Swissquote. Serious problems began here, due to which I received large losses. The most noticeable problem was with non-market quotes, which occurred more than once. Perhaps this was a failure of the Swissquote platform, but I do not exclude some kind of manipulation on the part of the company. Regardless of the reason, I can't stay in this situation.

Responses to a comment
kensawdang to imran171
14 weeks ago

This is the right decision. I also decided to switch from Swissquote Bank SA to another broker. It's currently not profitable to trade here. The software leaves much to be desired, and no one seems to be willing to work on improving the trading programs.

Expert Review of Swissquote Bank SA

Swissquote a/k/a Swissquote Bank is a Forex broker that has been operating in the financial markets since 1996. During this time, the company was able to earn a good reputation. But in the last few years, Swissquote has received more and more claims from its clients. This has led to a loss of its status as a broker. Swissquote Bank primarily targets large investors and ignores the needs of the average trader. This is evidenced by the lack of accounts for beginners and the large size of the deposit.

The main advantage of the Swissquote broker is its license. You can also note a fairly large selection of trading instruments. When working with Swissquote, traders can use a wide variety of currency pairs (including exotic ones), commodities, stock indices, cryptocurrencies, and a number of other popular assets. Another advantage of Swissquote can be stated with confidence is the presence of an affiliate program, which provides an opportunity for additional earnings, but it, again, is significantly inferior in terms of income generation compared to similar programs of other brokers.

Swissquote, like its numerous competitors, offers a range of standard trading platforms. You can choose from both classic terminals, MetaTrader 4 and 5, and the company's own Advanced Trader.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Latest Swissquote Bank SA News

28.11.2023
​Swiss banking and brokerage company Swissquote is continuing to improve its investment solutions with the latest version of its mobile app for iOS
21.10.2023
​Swiss banking and brokerage firm Swissquote has announced that its mobile app has been updated with a host of new daily banking features. The update
03.10.2023
​Swiss B2B fintech company GenTwo and Swissquote have entered into a partnership for Actively Managed Certificates (AMCs). The new partnership gives
27.09.2023
​Broker Swissquote has introduced new trading opportunities for its clients. The broker's users can now easily buy, sell, or exchange USDC through their
23.08.2023
Swiss online bank and broker Swissquote has launched Value Rockstars, a certificate that provides access to the assets of companies whose names are
14.08.2023
Swiss online bank and broker Swissquote has announced new features for its Yuh TWINT app. Swissquote clients can now use TWINT with mobile phone numbers
11.08.2023
Swiss online bank and broker Swissquote has announced an update to its Advanced Trader mobile app.Users of the platform can now take advantage of the full
09.08.2023
Swiss broker and bank Swissquote has published its key figures for the first half of the year. In the first quarter, Swissquote's net revenues rose by
25.07.2023
Swissquote and the National League ice hockey club ZSC Lions have announced the extension of their partnership, which began in 2021, for a further 3

Dynamics of Swissquote Bank SA’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment Programs, Available Markets and Products of the Broker

Swissquote's automatic Robo-Advisor

The Robo-Advisor service deserves special attention in the Swissquote portfolio. It is an automatic investment manager that creates an individual investment portfolio and monitors it around the clock, constantly optimizing it to maintain the desired level of risk. However, judging by the feedback from investors, technical failures in the operation of this service are often recorded, which sometimes leads to a loss of cash investments.

The service is fully automated and works according to this scheme: the client indicates an acceptable level of risks, selects trading instruments or sectors (optional), and after that, the robot-consultant manages the investments. Its advanced algorithms analyze thousands of securities and generate offers for the ideal portfolio, but in practice, many of these offers turn out to be unprofitable.

Robo-Advisor requires less initial investment than traditional asset management services and is much more cost-effective. At the same time, the risk of losing investments increases much more due to possible algorithmic errors or technical failures. Despite this, Swissquote positions this service as completely transparent, although it does not give full control over investments.

Also, Swissquote provides MAM, LAMM and PAMM systems for the MetaTrader and Advanced Trader trading terminals. PAMM is a classic trust management system, where investors' funds are concentrated in one trading account, which is managed by a trader (account manager). LAMM is a social trading service where the trader is not the account manager, but only opens his trades, which are automatically copied by other investors. MAM can be safely called one of the varieties of LAMM. In this case, transactions are automatically copied to the investor's account, but at the same time, if necessary, he can independently change their volumes, close positions, and make a number of other adjustments. Similar investment programs are provided by more popular brokers. An important difference is the availability of competent managing traders with stable key trading indicators: growth rate, drawdown level, account profitability, etc.

Important!

If you are a large investor and plan on investments over $ 10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

Swissquote Bank affiliate program

Swissquote provides an opportunity to generate an additional source of income by attracting new clients. At the same time, the broker offers several cooperation formats. The most popular among them are:

  • Bring a friend. Recommend Swissquote Bank and receive cash bonuses of up to CHF 800 for every customer you refer. To do this, share your affiliate code in your personal account with the users you are referring to Swissquote. It is noteworthy that both the attracted client (referee) and the referrer receive financial rewards. The disadvantage of the program is that bonuses are credited after the referral refills the account. Their bonus depends on the amount of the deposit, but cannot exceed 800 Swiss francs.

  • Introducing Broker Solutions. An excellent opportunity to create your own client base and receive commissions on every transaction made by referred users. The disadvantage of the program is that Swissquote Bank is not very popular among traders due to the lack of loyal trading conditions for beginners. This factor significantly complicates the process of attracting new customers to the company. It is more advisable for a potential partner to work with a popular Forex broker and get more profit from attracting new members due to the flow of clients.

  • CPA Marketing Forex. Traders have the chance to monetize their traffic with a profitable CPA program. The broker guarantees a progressive system for calculating CPA remuneration, provides detailed statistics on attracted clients, makes monthly payments, and provides a number of other benefits. The amount of remuneration for each attracted client can reach US$800. The disadvantage of the program is the reduced interest of traders to the broker, which significantly reduces the chances of getting the desired income.

Trading Conditions for Swissquote Bank SA Users

Trading conditions at Swissquote can be hardly called attractive. The size of the deposit is quite high and the maximum leverage is 1:400. On the other hand, it is possible to choose a suitable account currency, thus avoiding conversion costs. Stop Out level is 30%.

$1000

Minimum
deposit

1:400

Leverage

24/5

Support

💻 Trading platform: MetaTrader 4, MetaTrader 5, Advanced Trader
📊 Accounts: Standard, Premium, Professional, Prime
💰 Account currency: EUR, USD, JPY, GBP, CHF, CAD, AUD, TRY, PLN, SEK, NOK, SGD, XGD, HUF, CZK
💵 Replenishment / Withdrawal: eBanking, Visa, Mastercard
🚀 Minimum deposit: From $1,000
⚖️ Leverage: Up to 1:400
💼 PAMM-accounts: Yes
📈️ Min Order: 0.01
💱 Spread: From 1.1 p
🔧 Instruments: Currencies, CFD, precious metals, stock indices, bonds, commodities, cryptocurrencies
💹 Margin Call / Stop Out: 100/30%
🏛 Liquidity provider: 17 liquidity providers including UBS Bank, Integral, Prime XM, OneZero, FxCubic, Gold-I and cTrader
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Orders execution: Instant Execution, Market Execution, Spot, Market Best
⭐ Trading features: A large selection of currency pairs; Including exotic and minor ones; Cryptocurrencies.
🎁 Contests and bonuses: NO
Your capital is at risk. 
Between 70 and 80% of retail investors are losing money when trading forex instruments and CFDs.

Comparison of Swissquote Bank SA with other Brokers

Swissquote Bank SA RoboForex Eightcap Exness FBS Vantage Markets
Trading
platform
MT4, MobileTrading, WebTrader, Advanced Trader MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader MT4, MT5 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MobileTrading MT4, MT5, WebTrader, Mobile Apps
Min deposit $1000 $10 $100 $10 $1 $50
Leverage From 1:1
to 1:400
From 1:1
to 1:2000
From 1:30
to 1:500
From 1:1
to 1:2000
From 1:1
to 1:2000
From 1:1
to 1:500
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread From 1.4 point From 0 points From 0 points From 1 point From 0.2 points From 0 points
Level of margin call
/ stop out
1%  /  100% 60%  /  40% 80%  /  50% No  /  60% 40%  /  20% 100%  /  50%
Execution of orders Instant Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Market Execution Market Execution
No deposit bonus No No No No $5 No
Cent accounts No Yes No No Yes No

Broker comparison table of trading instruments

Swissquote Bank SA RoboForex Eightcap Exness FBS Vantage Markets
Forex Yes Yes Yes Yes Yes Yes
Metalls Yes Yes Yes Yes Yes Yes
Crypto Yes No Yes Yes No No
CFD Yes Yes Yes Yes Yes Yes
Indexes Yes Yes Yes Yes Yes Yes
Stock Yes Yes Yes Yes No Yes
ETF No Yes No No No No
Options No No No No No No

Swissquote Bank SA Commissions & Fees

Information
Swissquote's commissions and trading conditions have been scrutinized by Traders Union analysts for explicit and implicit commissions. There are no hidden fees, but the fee charged for replenishing an account with Visa, Mastercard is 1.9% fees for residents of the SEPA Zone, 0% fees for all other clients. When replenishing the account by bank transfer, there is no company commission, and the client pays the bank commission himself. The commission for withdrawing money from the account starts from 2 euros, depending on the region from where funds are sent.
Account type Spread (minimum value) Withdrawal commission
Standard From $17 Yes
Premium From $14 Yes
Professional Individual Yes
Prime From $11 Yes

Also, a comparative analysis of trading commissions in Swissquote Bank with the indicators of competitors was carried out. Based on this analysis, each broker was assigned a level according to the specified criterion - from low to high.

Broker Average commission Level
Swissquote Bank SA $17 High
RoboForex $1 Low
Pocket Option $8.5 Medium
Logo Swissquote Bank SA
$17
$1
$8.5

Detailed Review of Swissquote

Swissquote Bank is an international company focused on cooperation with large European traders. The main disadvantage of the broker is the lack of loyal trading conditions for novice traders. Swissquote aims to work with large investors. Swissquote Bank is trying to implement new technologies. The broker's average execution speed is 27 ms, which is a very good indicator. Swissquote offers a standard set of trading instruments that does not cover all possible trading directions, which is why traders cannot implement non-standard trading strategies. Swissquote provides traders with the opportunity to make money trading cryptocurrencies.

A few facts about Swissquote that will be of interest to clients choosing this broker:

  • more than 320 thousand clients;

  • more than 24 years on the market;

  • 15 deposit currencies;

  • CHF 32.2 billion in company assets.

Swissquote meets the best Swiss traditions

Swissquote is one of the top brokers in terms of reliability, but at the same time, Swissquote is inferior to many of its competitors due to the increased complexity of the client's identity and account verification procedures. The company offers several types of accounts. A professional trading account deserves special attention. Most of the trading conditions are determined on an individual basis.

Traders are provided with access to the most popular trading terminals: MetaTrader 4 and MetaTrader 5. Also, clients have access to the proprietary Advanced Trader platform, which features a fully customizable interface, automatic pattern detection, and a wide selection of order types. But some reviews say that technical failures are recorded on the platform when there is a heavy workload or Advanced Trader.

Swissquote Services:

  • Autochartist. A popular market scanner that provides automated trading alerts, volatility analysis, event impact analysis, price range forecast, execution statistics. Thanks to filters, as well as individual search queries, traders have the opportunity to adapt the instruments to their own trading style;

  • Trading Central. An excellent instrument for recognizing chart patterns that allow you to build trading strategies and identify opportunities for opening profitable positions online;

  • FIX API. Financial information exchange protocol is an international standard for online trading. It is designed to ensure active interaction between market participants. The Swissquote API can connect to the trader's trading platform and exchange trading information with the company's server based on the FIX 4.4 protocol. With this service, a trader can independently configure access to real-time quotes, as well as historical data, and place orders via secure communication channels.

Advantages:

1

good selection of educational materials;

2

a moderate choice of trading instruments, including cryptocurrencies;

3

availability of an affiliate program;

4

free analytics;

5

own trading platform.

How to Start Making Profits — Guide for Traders

Swissquote offers four account types for professional traders. They differ in the size of the minimum deposit, the type/level of the spread, and the minimum trade size.

Account Type
Description
Standard
a standard account with a minimum trade size of 0.01 lot. Deposit – US$1,000, leverage - up to 1:400, spread - from 1.7 pips;
Premium
this is its most popular trading account with a minimum trade size of 0.1 lot. Deposit - US$10,000, leverage - up to 1:400, spread - from 1.4 pips;
Prime
a trading account for institutional managers and other large traders, where the minimum trade size is 1 lot. Deposit - US$50,000, leverage - up to 1:400, spread - from 1.1 pips;
Professional
a professional account, where the deposit, minimum trade size, leverage and spread are set individually.

Important! Swissquote is a company that does not provide trading accounts for novice traders, which exposes the inexperienced trader to great risks.

Bonuses Paid by the Broker

Swissquote does not offer any bonuses or special offers, nor does it offer promotions.

Investment Education Online

Information

Videos, e-books, and training webinars are available on the Swissquote website.

Information is in the "Analytics" section
Information not available on the Swissquote website
Newsroom — section of the site that offers market analysis from Swissquote experts, current news, market reviews, technical reports
No Forex terminology
Trading Central technical analysis
No Dow Jones news
Autochartist Graphic toolkit
There are no materials for learning the basics of the Forex market
 
There is no video instruction on working with the trading terminal

All these instruments can be tested only on a real trading account before use, which is a disadvantage and may result in losses.

Security (Protection for Investors)

Information

Swissquote Bank is regulated by the Swiss Financial Market Supervisory Authority (FINMA).

FINMA — a reliable government regulator that checks the activities of its licensees, and also controls their work.

👍 Advantages

  • Licensed by a reputable government regulator

👎 Disadvantages

  • The broker solves all controversial issues independently, the regulator does not accept claims from traders

Withdrawal Options and Fees

  • Swissquote allows withdrawals of funds only at the specific request of the client and does not have electronic systems in the list of methods. The commission for withdrawing money depends on the region to which the transfer is made, as well as on the selected withdrawal method.

  • There are two options for depositing and withdrawing money: bank transfer and bank cards (Visa and Mastercard).

  • When withdrawing to Visa and Mastercard bank cards, crediting occurs instantly or within two hours from Monday to Friday from 8:00 to 22:00 CET.

  • Withdrawal and replenishment currencies: AED, AUD, CAD, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RUB, SEK, SGD, THB, TRY, ZAR, EUR, USD, CHF и GBP.

Customer Support Service

Information

The broker's customer support service works only from Monday to Friday.

👍 Advantages

  • The ability to hold an online meeting
  • There are online chat and telephone support
  • Multilingual support (English, Arabic, Spanish, Italian, Chinese, German, Russian, Serbian, Slovak, French)

👎 Disadvantages

  • Closed on weekends
  • The phone line often does not answer or answers after a long waiting time
  • Long response time across all communication channels. If there is a problem, then it takes a long time to resolve
  • Email responses are sent within 2-3 days. Often managers do not delve into the essence of the issue and answer with standard phrases

There are several ways to contact Customer support:

  • via phone numbers indicated on the website;

  • by email;

  • via chat on the broker's website;

  • using the feedback form;

  • make an application for an online meeting.

Contacts

Foundation date 1996
Registration address Löwenstrasse 62, P.O. Box 2017, 8021 Zürich
Regulation
Official site
Contacts
Your capital is at risk. 
Between 70 and 80% of retail investors are losing money when trading forex instruments and CFDs.

Review of the Personal Cabinet of Swissquote

To start making money with Swissquote, you need to:

1

Go through the lengthy registration process on the Traders Union website by entering your email address. Then follow the affiliate link to the website of the brokerage company and press the "Start trading" button.

Swissquote Review - Official website
Swissquote Review - Official website
Swissquote Review - Official website
2

Choose a suitable account type.

Swissquote Review - Account type
Swissquote Review - Account type
3

Indicate if you already have an account with this company.

Swissquote Review - Forex account opening
Swissquote Review - Forex account opening
4

Go through verification, indicating gender, last name and first name, marital status, date of birth, country of residence and address, email, and mobile phone. It is necessary to fill out a client profile with the entry of financial data. Access to the trading account will be provided only after passing the verification procedure via video communication or sending documents to the company's office.

The following functions are available in your Swissquote account:

  • Account replenishment and withdrawal.

  • Viewing statistics on bonus funds.

  • Possibility to contact support.

  • News section.

Registration on the Swissquote website takes a long time. The broker requests all sorts of personal data at once. Requires confirmation of the client's contact information, his or her identity and complete detailed financial statements. In order to start trading, you need to go through a complex and lengthy verification procedure, including sending personal documents to the company's office.

Disclaimer:

Your capital is at risk.  Between 70 and 80% of retail investors are losing money when trading forex instruments and CFDs. Trading foreign exchange, spot precious metals and any other product on the Forex platform involves significant risk of loss and may not be suitable for all investors. Prior to opening an account with Swissquote, consider your level of experience, investment objectives, assets, income and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not speculate, invest or hedge with capital you cannot afford to lose, that is borrowed or urgently needed or necessary for personal or family subsistence. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
Swissquote Bank SA Review Swissquote Bank SA Review

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FAQs

Do reviews by traders influence the Swissquote Bank SA rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Swissquote Bank SA you need to go to the broker's profile.

How to leave a review about Swissquote Bank SA on the Traders Union website?

To leave a review about Swissquote Bank SA, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about Swissquote Bank SA on a non-Traders Union client?

Anyone can leave feedback about Swissquote Bank SA on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

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