Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Swissquote Bank SA Pros & Cons
- availability of a license from an authoritative regulator;
- a wide range of financial services;
- a large selection of deposit currencies.
- 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.
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.
TU Expert Verdict
Swissquote Bank SA demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Brokers Traders Prefer
Swissquote Bank SA User Reviews
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5-star
46%
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4-star
21%
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3-star
16%
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2-star
12%
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1-star
5%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria5 /10The trading and non-trading commissions of Swissquote Bank SA have been analyzed and rated as having Medium fees, with a fees score of 5/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No withdrawal fee
- Above-average Forex trading fees
- Inactivity fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Swissquote Bank SA with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Swissquote Bank SA’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Swissquote Bank SA Standard spreads Swissquote Bank SA OANDA FOREX.com EUR/USD min, pips 1.1 0.1 0.7 EUR/USD max, pips 1.7 0.5 1.2 GPB/USD min, pips 1.1 0.1 0.9 GPB/USD max, pips 2.0 0.5 1.4 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Swissquote Bank SA RAW/ECN spreads Swissquote Bank SA OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 2.5 3.5 5 EUR/USD avg spread 0.3 0.15 0.2 GBP/USD avg spread 0.3 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Swissquote Bank SA. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Swissquote Bank SA Non-Trading Fees Swissquote Bank SA OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0-1.9 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 10 0 15 -
Is Swissquote Bank SA Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria10 /10Swissquote Bank SA has a safety score of 10/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Regulated in the UK
- Track record over 30 years
- Strict requirements and extensive documentation to open an account
Swissquote Bank SA Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level FCA UK
Full Name Financial Conduct Authority Country of regulation United Kingdom Investor Protection Fund Up to £85,000 Regulation Level Tier-1 CySec
Full Name Cyprus Securities and Exchange Commission Country of regulation Cyprus Investor Protection Fund Up to €20,000 Regulation Level Tier-1 MFSA
Full Name Malta Financial Services Authority Country of regulation Malta Investor Protection Fund Up to €20,000 Regulation Level Tier-2
DFSA Full Name Dubai Financial Services Authority Country of regulation Dubai Investor Protection Fund No specific fund Regulation Level Tier-2
FINMA Full Name Swiss Financial Market Supervisory Authority Country of regulation Switzerland Investor Protection Fund CHF 100,000 Regulation Level Tier-1 MAS
Full Name Monetary Authority of Singapore Country of regulation Singapore Investor Protection Fund No specific fund Regulation Level Tier-1
SFC HK Full Name Securities and Futures Commission of Hong Kong Country of regulation Hong Kong Investor Protection Fund No specific fund Regulation Level Tier-1 Swissquote Bank SA Security Factors Foundation date 1996 Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.7 /10Swissquote Bank SA offers the following account options: Demo, Standard, ECN/Raw spread, VIP, Managed.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Demo account
- Exclusive VIP account with enhanced trading conditions
- Low minimum deposit
- No Cent account
- No Swap Free account
Swissquote Bank SA account types vs top competitors Swissquote Bank SA Plus500 Trading.com Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free NoNoNoVIP YesNoNoManaged YesNoNoSwissquote Bank SA accounts trading conditions
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.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6.3 /10Swissquote Bank SA received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Swissquote Bank SA provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank card deposits and withdrawals
- Low minimum withdrawal requirement
- Minimum deposit below industry average
- Supports 5+ base account currencies
- BTC payments not accepted
- Limited deposit and withdrawal flexibility, leading to higher costs
- Deposit fee applies
What are Swissquote Bank SA deposit and withdrawal options?
Swissquote Bank SA provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire.
Swissquote Bank SA Deposit and Withdrawal Methods vs Competitors Swissquote Bank SA Plus500 Trading.com Bank Wire YesYesYesBank card YesYesYesPayPal NoYesNoWise NoNoNoBTC NoNoNoWhat are Swissquote Bank SA base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Swissquote Bank SA supports the following base account currencies: USD, EUR, GBP, JPY, AUD, CAD, CHF, TRY, PLN, SEK, NOK, SGD, XGD, HUF, CZK.
What are Swissquote Bank SA's minimum deposit and withdrawal amounts?
The minimum deposit on Swissquote Bank SA is $0, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Swissquote Bank SA’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria10 /10Swissquote Bank SA offers a wider selection of trading assets than the market average, with over 3000000 tradable assets available, including 80 currency pairs.
- Commodity futures are available
- Copy trading platform
- ETFs investing
- Regional restrictions are possible
Supported markets vs top competitors
We have compared the range of assets and markets supported by Swissquote Bank SA with its competitors, making it easier for you to find the perfect fit.
Swissquote Bank SA Plus500 Trading.com Currency pairs 80 60 69 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 3000000 2800 69 Stocks YesYesNoCommodity futures YesYesNoCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesYesNoStock indices YesYesNoOptions YesYesNoInvestment options
We also explored the trading assets and products Swissquote Bank SA offers for beginner traders and investors who prefer not to engage in active trading.
Swissquote Bank SA Plus500 Trading.com Bonds YesNoNoETFs YesYesNoCopy trading YesNoNoPAMM investing YesNoNoManaged accounts YesNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at Swissquote Bank SA by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.8 /10We successfully registered an account with Swissquote Bank SA in 30 minutes. The KYC verification was completed within 3 business days. The minimum deposit amount at Swissquote Bank SA is $0. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fully online account opening process
- Low minimum deposit requirement
- Registration process may take longer than expected
- Account approval may require extra time depending on the documentation.
Swissquote Bank SA account opening Swissquote Bank SA Plus500 Trading.com Online Registration YesYesYesMinimum deposit $0 $100 $50 Mandatory KYC YesYesYesRegistration time (min) 30 20 KYC time (days) 3 3 2 Is Swissquote Bank SA available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
To start making money with Swissquote, you need to:
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.
Choose a suitable account type.
Indicate if you already have an account with this company.
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.
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria9 /10Swissquote Bank SA received a score of 9/10, indicating a strong offering in terms of trading platforms and tools. The broker provides broad access to popular platforms and supports a variety of features designed to enhance both manual and automated trading.
- Proprietary platform with unique features
- API access for automated trading
- Trading bots (EAs) allowed
- One-click trading
- No access to cTrader and its advanced tools.
- No access to Free VPS
- Strategy (EA) Builder is not available
Supported trading platforms
Swissquote Bank SA supports the following trading platforms: MT4, MT5, Proprietary platform, WebTrader. This selection covers the basic needs of most retail traders. We also compared Swissquote Bank SA’s platform availability with that of top competitors to assess its relative market position.
Swissquote Bank SA Plus500 Trading.com MT4 YesNoNoMT5 YesNoYescTrader NoNoNoTradingView NoYesYesProprietary platform YesYesYesNinjaTrader NoNoNoWebTrader YesYesYesKey Swissquote Bank SA’s trading platform features
We also evaluated whether Swissquote Bank SA offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features 2FA YesAlerts YesTrading bots (EAs) YesOne-click trading YesScalping NoSupported indicators 80 Tradable assets 3000000 Additional trading tools
Swissquote Bank SA offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
Swissquote Bank SA trading tools vs competitors Swissquote Bank SA Plus500 Trading.com Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making. NoNoYesAPI YesNoNoFree VPS NoNoNoStrategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills. NoNoNoAutochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels. YesNoNo -
Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria5 /10Swissquote Bank SA supports mobile trading, offering dedicated apps for both iOS and Android. Swissquote Bank SA received 5/10 in this section, which suggests limited user interest or weak performance of the apps.
- Supports mobile 2FA
- Strong Android user ratings, currently at 4.2/5
- Low app installs across iOS and Android
- Mobile alerts not supported
We compared Swissquote Bank SA with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
Swissquote Bank SA Plus500 Trading.com Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms. 10,000 10,000,000 50,000 App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience. 0 4.7 4.8 Google Play score 4.2 4.4 4.7 Mob. 2FA YesYesYesMob. Indicators NoYesYesMob. Alerts NoYesYes -
Customer Support
Score:We evaluated Customer Support at Swissquote Bank SA by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria6.5 /10Customer support at Swissquote Bank SA is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. Swissquote Bank SA provides basic support functionality but does not stand out in overall service performance.
InformationSwissquote Bank SA provides customer support Monday through Friday, from 8:00 to 22:00 CET. The dedicated department for Forex traders is available from 8:00 to 18:00. Basic assistance is also accessible 24/7 through the AI assistant available on the Swissquote Bank SA website.
- Chatbot available on the website
- Multiple contact options
- No support via messaging apps
Available contact methods:
- Phone support
- Online contact form
- Email communication
- AI assistant on the website
- In-person assistance at company offices
Contacts Foundation date 1996 Registration address Löwenstrasse 62, P.O. Box 2017, 8021 Zürich Regulation FCA UK, CySec, MFSA, DFSA, FINMA, MSA, SFC HK Official site swissquote.com Contacts fx@swissquote.com +41 44 825 87 77, +41 44 825 88 88
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FAQs
How safe is trading with Swissquote Bank SA in terms of regulation and investor protection?
Swissquote Bank SA has a safety score of 10/10 and is regulated by several Tier-1 authorities, including the FCA (UK), CySEC (Cyprus), FINMA (Switzerland), MAS (Singapore), and SFC Hong Kong, as well as Tier-2 regulators MFSA (Malta) and DFSA (Dubai). The broker offers negative balance protection, requires KYC verification, and clients may be covered by investor compensation schemes such as up to £85,000 under the FCA, up to €20,000 under CySEC and MFSA, and CHF 100,000 under FINMA, while some regulators listed do not provide a specific fund.
What commissions and fees should traders expect at Swissquote Bank SA?
Swissquote Bank SA has a medium overall fee level with a fees score of 5/10, featuring tight EUR/USD spreads but above-average Forex trading fees and an inactivity fee. Standard account EUR/USD spreads typically range from 1.1 to 1.7 pips, RAW/ECN accounts show an average 0.3-pip spread on EUR/USD and GBP/USD with a $2.5 per lot commission, and non-trading fees include a 0–1.9% deposit fee, no withdrawal fee, and a $10 monthly inactivity charge.
What do user reviews say about Swissquote Bank SA overall?
Swissquote Bank SA has a user satisfaction score of 7.9/10 based on 189 reviews, with 47% of ratings at 5 stars and 21% at 4 stars, indicating mostly positive impressions. According to user reviews, 16% gave 3 stars, 12% 2 stars, and 4% 1 star, showing that while many clients report favorable experiences, there are also some critical opinions.
What markets and tradable assets are available at Swissquote Bank SA according to user feedback?
Swissquote Bank SA offers over 3,000,000 tradable assets, including 80 currency pairs, as well as access to stocks, commodity futures, cryptocurrencies, stock indices, and options. The broker also provides bonds, ETFs, copy trading, PAMM investing, and managed accounts, although the review notes that regional restrictions are possible and does not specify which countries are affected.
How is Swissquote Bank SA customer support rated in client feedback and comments?
Customer support at Swissquote Bank SA is described as adequate but not exceptional, with a safety score of 6.5/10 and response quality that can vary depending on the request. Support is available via phone, online form, email, AI assistant, and in-person offices from Monday to Friday (8:00–22:00 CET, with a dedicated Forex desk from 8:00–18:00), and basic AI assistance is accessible 24/7, while support via messaging apps is not offered.
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