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Swissquote Bank SA Indonesia Review 2025 - TU expert opinion

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Is the Forex market legit in Indonesia?

Forex trading is legal in Indonesia, and as the Internet access in the country is growing so does the number of traders. The transactions in the financial markets are regulated by the Otoritas Jasa Keuangan(OJK), the financial services authority of Indonesia. This agency oversees the operation of brokers and also settles disputes between traders and brokers.

All brokers operating in Indonesia officially accept payments in rupiahs (IDR), the national currency of the country. Forex trading is developing fast in the country and the residents of Indonesia can use the services of international brokerage companies.

How to Trade Forex in Indonesia

In order to earn additional income from Forex trading in Indonesia, you need to register an account with a reliable broker, who has the OJK license. After registering on the website, you need to verify your account by submitting scanned copies of your identification document. Next, you need to fund your account, choose an asset you are interested in and start trading.

Our Evaluation of Swissquote Bank SA

6.33/10
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

Swissquote Bank SA is a moderate-risk broker with the TU Overall Score of 6.33 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 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.

Detailed Review of Swissquote Bank SA in Indonesia

Swissquote Bank SA is a good choice for traders from Indonesia. The broker complies with all the requirements of the local regulator and offers attractive trading conditions for the clients.

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.

Advantages of Swissquote Bank SA for trading in Indonesia

Traders Union analysts conducted a detailed analysis of Swissquote Bank SA for traders from Indonesia. The experts outlined the key benefits of the company for the clients from this country. The advantages of the broker are as follows:

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.

Analysis of the Main Features of Swissquote Bank SA in Indonesia

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Between 70 and 80% of retail investors are losing money when trading forex instruments and CFDs.

Traders Union analysts analyzed the key features of Swissquote Bank SA for traders from Indonesia. TU uses its own evaluation method, assessing each block separately. Based on the results of the assessment, an overall score is given.

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.

7.30

/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

10.00

/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.

5.00

/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.

7.23

/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.

4.51

/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.

5.43

/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

Trading conditions for Swissquote Bank SA traders from Indonesia

It is important to assess trading conditions before you decide to work with a specific company. Traders Union analysts have prepared a comparison of Swissquote Bank SA trading conditions for traders from Indonesia. The experts analyzed minimum deposit, trading platforms, leverage and other important information that could impact a trader's choice of a broker.

💻 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
💵 Deposit / 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
📋 Order 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

Swissquote Bank SA Commissions and Fees

Traders Union analysts analyzed commissions and fees charged by Swissquote Bank SA for traders from Indonesia. Within the framework of the analysis, all types of trading and non-trading fees traders are charged with were evaluated.

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.

FAQs

Is Swissquote Bank SA legal in Indonesia?

Yes. Swissquote Bank SA operates legally in Indonesia. The broker holds the necessary licenses.

Can you learn trading with Swissquote Bank SA? Does the broker offer courses for traders from Indonesia?

Yes, Swissquote Bank SA offers good trading courses and a lot of educational information for clients from Indonesia.

Can Swissquote Bank SA be trusted? Has the broker been operating in Indonesia long?

Swissquote Bank SA has been operating in Indonesia quite long and has a good reputation. Therefore, traders can work with Swissquote Bank SA.

Is Swissquote Bank SA suitable for novice traders from Indonesia?

Yes. Swissquote Bank SA offers optimal trading conditions and good education for beginners from Indonesia.

How efficient is Swissquote Bank SA customer support in Indonesia?

Swissquote Bank SA offers a sufficient number of ways to contact customer support in Indonesia, and also provides support in the state language.

Has Swissquote Bank SA had any incidents involving theft of funds of clients from Indonesia?

No. Swissquote Bank SA provides reliable security of funds of clients from Indonesia.

Will I be able to file a lawsuit in Indonesia if Swissquote Bank SA violates my rights?

Yes. If Swissquote Bank SA violates your rights, you can file a complaint with the regulator of Indonesia, and then with a court.

Can Swissquote Bank SA clients from Indonesia use the broker’s mobile app?

Yes. The mobile app of Swissquote Bank SA is available for the clients from Indonesia.

Does Swissquote Bank SA provide Indonesia market analysis?

Analysis of Indonesia is featured in the information provided by Swissquote Bank SA.

How can I withdraw funds from my account at Swissquote Bank SA in Indonesia?

Swissquote Bank SA supports bank transfers and debit/credit cards of the banks operating in Indonesia.

Team that worked on the article

Mikhail Vnuchkov
Author at Traders Union

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.

Dr. BJ Johnson
Dr. BJ Johnson
Developmental English Editor

Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.