Swissquote Bank SA Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of Swissquote Bank SA trading signals. You will learn what kinds of trading signals Swissquote Bank SA offers and what the conditions for using them are.
Short introduction of Swissquote Bank SA
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% |
Swissquote Bank SA Pros and Cons
👍 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.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
-
Copy trading.
-
Email alerts.
-
Signals through a blog on the website.
-
Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
Swissquote Bank SA Trading Signals
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 |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that Swissquote Bank SA does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
- Easy Crypto Trading Signals
- Rakuten Securities Trading Signals
- Tradeview Trading Signals
- Alfa-Forex Trading Signals
- Fullerton Markets Trading Signals
- Questrade Trading Signals
- Luno Trading Signals
- FxGlory Trading Signals
- Paribu Trading Signals
- Emirex Trading Signals
- UFX Trading Signals
- OANDA Trading Signals
- AximTrade Trading Signals
- ABCC Trading Signals
- Colmex Pro Trading Signals
- CoinTiger Trading Signals
- Delta Exchange Trading Signals
- CMC Markets Trading Signals
- BitGet Trading Signals
- OCBC Securities Trading Signals
- Huobi Global Trading Signals
- BitBay Trading Signals
- Indodax Trading Signals
- Exclusive Capital Trading Signals
- XMTrading Trading Signals
- Skilling Trading Signals
- ROInvesting Trading Signals
- Markets.com Trading Signals
- Axi Trading Signals - AxiTrader Review by TU Expert
- ClickTrades Trading Signals
FAQs
Is automatic position opening based on signals possible?
Yes, it is what copy trading implies. In this case, all trades are copied automatically to the trader’s platform.
In which form can signals be provided?
Signals can be provided as copy trading, newsletters, alerts, blog articles, etc.
Can trading signals depend on the account type?
Yes. As a rule, they are provided for certain account types, but may also be available for the standard account.
Related Articles
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.