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.
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
47%
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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
4%
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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, ZForex and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No withdrawal fee
- Above-average Forex trading fees
- Inactivity fee applies
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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
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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.
- Exclusive VIP account with enhanced trading conditions
- Low minimum deposit
- Standard account with balanced trading conditions
- No Swap Free account
- Micro lots are not available
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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.
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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.
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Trading Account Opening
We 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.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 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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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.
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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 /10 -
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 /10
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Swissquote Bank SA Video Guides
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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