Swissquote Review 2020

Overall rating

Overall rating

8.8

/10

Swissquote Review 2020
Davis J.
Robertson A.
September 2020
Analysis of the Main Features of the Forex Broker

8.8

Overall rating

8.8

/10

Execution of orders

8.6

/10

Investment instruments

8.7

/10

Withdrawal speed

8.9

/10

Customer Support work

9

/10

Variety of instruments

8.8

/10

Trading platform

8

Position
in rating

8.8

/10

Overall rating

Trading terminals:

MetaTrader4
MetaTrader5
8

Position in rating

8.8/10
Overall rating

Trading terminals:

MetaTrader4
MetaTrader5

Summary of Swissquote Bank SA Trading Company

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.

Attention!

If you already have an account with this company, you need to fill out a form to transfer your account to our referral group. To do this, contact the Traders Union support service, and our consultants will send you the necessary instructions. The procedure for transferring an account to Swissquote can take from one week to a month, the company may refuse to transfer an account without explanation.

👍 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.

Overall

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, as evidenced by its position in the Traders Union rating.

Visit Swissquote Bank SA

Swissquote Latest Comments for 2020

15
0
0

The reviews by customers of the Swissquote Bank SA indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Swissquote Bank SA published on the website in 2020 are verified and confirmed by Traders Union as reliable comments by real traders.

The Swissquote broker is a definition of Swiss quality. The advanced trading platform is lightning-fast and does not crash. The order execution leaves no one cold, and there are no screw-ups. Everything is on another level here and you can trade freely like a real ace. I am overjoyed to trade with an excellent European broker and make a packet. This broker deserves credible clients. The first time I came across this site and registered here seemed like a field day. The transaction was successful and the money was withdrawn on time. So I highly recommend this fabulous broker. Everything is running like a Swiss watch.


What a dilly of a broker! Withdrawing funds to my card is smooth and fast. The delay between the order and the receipt on the account is only 3-4 days, which is generally the standard for international companies. If there is at least $ 5-10K free, then your chances to earn money are mind-blowing. You can test the waters and trade here without any concerns of being hacked. It’s a legit and reliable European broker that holds every client accountable. This high-tech broker with an excellent reputation will not leave you nonchalant. Trading conditions are attractive. I have polished my trading strategy by studying market indicators, expert summaries, technical market analyses, and other materials.

My personal account is a real catch for me and everything is intuitive and transparent. Trading conditions are one of the best in the Forex market and might blow you away; the spreads are one of the lowest. The company never indulges in unreasonable extensions. Qualified support will try to solve all your sensitive matters in a snap. You can always count on timely assistance. They are always polite and give expert advice. I’ve never had any major problems regarding withdrawal or trading. I strongly recommend this Swissquote broker.

This broker is one of the top dogs in the Forex market. There are multilingual support and many reference materials. For training, you can use a free demo account, however, you still have to pay for using the terminal.

I noted independent trading and the use of automated robots for investors. It can also be evaluated in a demo, you just need to register on the swissquote.com website. An advanced algorithm will calculate the optimal sequence of actions based on the strategy. The broker works with four terminals: MetaTrader 4, MetaTrader 5, MetaTrader Master Edition, and Advanced Trader. The first three are various modifications of the same popular high-functionality platform, Try MetaTrader 5. I was impressed.

I really enjoyed trading with this broker. The security of users and transactions is carried out in accordance with international requirements, using encryption protocols and a two-level user identification system. For novice traders, a free demo account is provided, which opens in virtual currency. As a novice trader, I traded on my demo account where learned the ropes. The user registers and installs one of the trading platforms (MetaTrader 4/5 or Advanced Trader), choosing Swissquote Bank Ltd. as the operator. In the future, a trading account of a different type can be connected to your profile.

I was attracted by the fact that this broker has an official mobile version. Also, you can trade in the mobile application of the Advanced Trader and MT4 / 5 terminals. Swissquote has its own top-tier software for working with tablets and smartphones. It is supported by mobile devices on Android and iOS and may be downloaded for free from the Play Market and App Store. To withdraw funds to the bank account from which you made a deposit, you will need to go through the verification procedure, which takes up to three banking days. I was over the moon because it was amazing to trade on my iPhone XR.

I was happy to find such a legit European broker. Swissquote has generally demonstrated itself to be a reliable broker with accurate quotes, stable terms of cooperation, a wide range of assets, instruments, and services. Traders are provided with account insurance and the opportunity to test demo versions of products for free. The verification system is very advanced and it complies with international financial and investment standards. It has a good legal framework and a license from a respected regulator. All these demonstrate a high level of reliability and transparency. I recommend Swissquote broker to traders who are not afraid of the complexity of international communication and the need to understand the intricacies of the work of a foreign organization.

2 3 >

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.

Antony Robertson

Traders Union
Financial Analyst

Analysis of the Main Features of the Forex Broker

8.8

Overall rating

8.8

/10

Execution of orders

8.6

/10

Investment instruments

8.7

/10

Withdrawal speed

8.9

/10

Customer Support work

9

/10

Variety of instruments

8.8

/10

Trading platform

Dynamics of the Popularity of Swissquote Bank SA
in 2019 among the Users of the Traders Union

Dynamics of the Popularity of Swissquote Bank SA in 2019 among the Users of the Traders Union

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 [email protected] by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal 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.

Rebate and Discount Programs of the Traders Union for Swissquote Bank SA

When cooperating with Swissquote through Traders Union, it is possible to significantly reduce the cost of the spread. To do this, you just need to register for free on the Traders Union website, then open a trading account with Swissquote and start trading with this broker. For each completed transaction, even unprofitable, part of the spread will be returned to the client's balance at Traders Union.

Information

Compensation amounts for 1 lot in Swissquote are significantly lower than the number of partner payments from top brokers. The maximum payout from Swissquote is 0.75 pips for the Standard account type. Traders Union clients receive 80% of this amount.

Example. You are trading 10 lots per day on a Standard account. The pip value for 1 lot is $10, and the minimum spread is 1.7 pips. The amount of compensation will be 7.5 x 0.8 = $6 per 1 lot, for 10 lots = $60. That is, for a deal of 1 lot on the Swissquote broker's account, you can return only $6 and no more, regardless of how much you pay the broker for this transaction — a minimum spread of $17 or more than $20 per lot (depending on the instrument). Such conditions for paying the rebate are less favorable when compared with the top companies in the Traders Union ratings list.

Try it!  You’ll like this!

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 1:100. On the other hand, it is possible to choose a suitable account currency, thus avoiding conversion costs. Stop Out level is 30%.

From $1,000

Minimum
deposit

Up to 1:100

Leverage

24/5

Support

MetaTrader4
MetaTrader5
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 1:100
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, plus cryptocurrencies
Contests and bonuses: NO

Comparison of Swissquote Bank SA with other Brokers

Swissquote Bank SA FxPro Admiral Markets UK XM Group AvaTrade
Trading
platform
MT4, MobileTrading, WebTrader, Advanced Trader MT4, MobileTrading, MT5, cTrader MT4, MT5, iPhone, iPad, Android, MT4 Supreme Edition MT4, MT5, MobileTrading MT4, MobileTrading, Zulu Trader, Mirror Trader, AvaTrader, AVA Option
Min deposit $1000 $100 $200 $5 $100
Leverage From 1:1
to 1:100
From 1:1
to 1:500
From 1:25
to 1:500
From 1:1
to 1:888
From 1:200
to 1:400
Trust management No No No No No
Accrual of % on the balance No No No No No
Spread From 1 point From 1 point From 0 points From 1 point From 0 points
Level of margin call
/ stop out
1%  /  100% 25%  /  20% 100%  /  30% 50%  /  20% 25%  /  10%
Execution of orders Instant Execution Market Execution, Instant Execution Market Execution Market Execution Instant Execution
No deposit bonus No No No $30 No
Cent accounts No No No Yes Yes

Broker comparison table of trading instruments

Swissquote Bank SA FxPro Admiral Markets UK XM Group AvaTrade
Forex Yes Yes Yes Yes Yes
Metalls Yes Yes Yes Yes Yes
Crypto Yes No Yes No Yes
CFD Yes Yes Yes Yes Yes
indexes Yes Yes Yes Yes Yes
Stock Yes No Yes Yes Yes
ETF No No Yes No No
Options 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 2.2% (when replenishing with Swiss francs, British pounds or euros) and 2.5% (when replenishing with US dollars). 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
FxPro $13.2 Medium
RoboForex $6.55 Low
Swissquote Bank SA
$17
FxPro
$13.2
RoboForex
$6.55
Conclusion

Swissquote Bank charges high spreads for trading, but they can be reduced by returning part of the commissions when working through Traders Union.

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 1:100, 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 1:100, 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 1:100, 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.

Bonus from Traders Union.

We are ready to pay you for trading with a Swissquote broker if you open an account through our website.

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

Registration address Löwenstrasse 62, P.O. Box 2017, 8021 Zürich
Regulation
Contacts

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.

Tags:

Swissquote Swissquote Bank Swissquote Bank SA www.swissquote.ch

The Oldest Reviews of the Swissquote Bank SA

The reviews by customers of the Swissquote Bank SA indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Swissquote Bank SA published on the website in 2020 are verified and confirmed by Traders Union as reliable comments by real traders.

I felt comfortable trading here because the platform has many advantages, like minimum deposit, modern terminal, simple interface, innovative service, training materials, relevant analytics, and high-quality technical support.

The broker pays serious attention to the companies with which it cooperates, including the liquidity provider. The platform provides up-to-date data on asset quotes. In case of doubts about the quotes, I could make a request to the broker, who will clarify the information with the liquidity provider, compare the client and platform data. A demo account allows you to study the functionality of the terminal, and conduct transactions using virtual money. Subsequently, by switching to a real account, the trader will be in his element and more confident in trading.

I am obsessed with the mobile application on Android. His proprietary platform is adaptive because it will work perfectly on any device, such as a personal computer and smartphone. The terminal is conveni

The Swissquote broker surprised me with a handy mobile app for my Android phone. The innovative solution is available for download and trading.

As for me, mobile trading has many advantages, and the most crucial thing is the ability to trade from anywhere. Now you do not need to sit at the computer all the time, quickly and simply download the program, login and that's it. Your hand will always be “on the pulse” of the Forex market, you can trade, test strategies on a demo account, withdraw money, etc. As for the mobile application, it is very convenient. And I was completely satisfied.

Withdrawal from the trading account is possible only after passing the verification. Neither the time nor the withdrawal amount is limited. It is essential to note that you can withdraw funds only to the same payment systems through which the money was deposited. To be able to withdraw funds from my account, I went through verification and provided a list of documents.

I adore this broke! I didn’t want to be in the red, thus I was happy to explore the trading platform using a demo account. A free demo account is also available on the platform of one of the leading brokers in the market. This training account is offered to any user who decides to explore the capabilities of the terminal. Thanks to virtual trading, I could easily test the work of the broker's platform: check the quality of the terminal and the available materials, the availability of useful options, and the responsiveness of the technical support managers.

Registration of a demo account with a broker is prompt and easy. After that, you can study the platform’s functionality and analytics. Of course, can trade by using virtual capital for transactions. And although you will not earn real money here, you can learn the ropes, like what is the principle of the platform, is it challenging to trade here, how effective is your strategy, etc.

This broker is one of the big fishes in the Forex business. Swissquote offers a unique trading platform that gives all traders opportunities to earn money. It works great in Internet browsers, which gives maximum convenience when working on any device, be it a tablet or a PC. The platform was highly customizable for me, with an interactive interface, the trading process is convenient and simple, which is crucial. It is worth taking part in free contests-tournaments on demo accounts, etc. This gives you the opportunity to win decent money, which you can then withdraw from your account. The company’s terminal is considered to be one of the more convenient and functional trading tools on the market. A lot of useful material and lucrative bonuses will make your trading much more effective.

If you don't have money to burn, you can practice using virtual currency. For this, a free practice account should be opened on the site. The broker does not compensate for commissions charged by third parties. After receiving my request to withdraw funds, the security service checked my account and asked for confirmation of my right to manage the account (identity card, statements on the operation - making a deposit, etc.). Standard processing takes a couple of business days. Swissquote offers a whole range of opportunities for online trading: a free demo account, trading accounts for different categories of clients, many assets for investment, including cryptocurrencies, and convenient terminals.

Swissquote is a stable broker. It has a vast number of its advantages like being licensed with a reputable regulator, a large selection of trading tools, interesting investment services, quick withdrawal, and brand reliability. The developed platform allows traders to significantly reduce the risks from trade transactions, full access to a demo account, and favorable working conditions. Money is withdrawn quickly and without problems. Overall, I am satisfied with everything. This broker is legit, and will not let you down.

I was able to get acquainted with the broker's capabilities on a free demo account, which is easy to activate by going through a quick registration on the official website. Swissquote will allow you to study the platform’s functionality, the quality of service, without any risks. Try trading with virtual money, use indicators and advisors, and understand whether it is convenient to cooperate with this particular broker. Of course, such an account is a valuable option that will allow you to test strategies and will be clear proof that you have a reliable platform that is ready to offer you the maximum trading opportunities. I was extremely happy.

Author of this Review

Swissquote Bank SA broker’s review prepared by

John Davis

Traders Union Author and Analyst

John Davis is a Financial and Economic Analyst working with the Traders Union since 2016. During this time, he has written more than 100 analytical articles on technical and fundamental analysis, reviews of financial companies and has developed more than 10 proprietary trading systems. John's motto is to help everyone go from a novice to a professional trader.

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.

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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.

Why is it more profitable to work with Swissquote Bank SA through Traders Union?

Because you will receive additional payments from Traders Union every day while all other functions on your chosen trading platform remain the same.