Swissquote Bank SA review: Referral program offers cash bonuses for new Forex clients
Swissquote invites its clients to turn personal networks into tangible trading rewards as competition intensifies across the global online brokerage industry.
- Chosen by 0+ local traders in the last 3 months.
- Traders earn on average 12% more per month vs other brokers.
The Swiss-based online bank and trading provider is promoting its Forex and CFDs referral program, offering cash bonuses of up to CHF 800 per successful referral, shared between existing clients and newly onboarded traders.
Referral bonuses linked to deposit size
At the core of the program is a tiered reward structure tied directly to the initial funding of the referred account. Existing Swissquote clients can recommend friends who open a Forex & CFDs account, with bonuses increasing alongside deposit amounts.
The minimum deposit for a referred client starts at CHF 5,000 under the Standard tier, generating a CHF 100 bonus for the referrer and CHF 50 for the new client. Higher tiers offer larger incentives: CHF 200/100 for Premium accounts with CHF 10,000 deposits, CHF 400/200 for Prime accounts at CHF 50,000, and up to CHF 800 for the referrer and CHF 400 for the referred client at the CHF 100,000 VIP level.
To participate, referrers must obtain their sponsor number through Swissquote’s eBanking platform and share it directly with prospective clients. New traders must enter the referral code during account opening, fund the account with at least the minimum required deposit, and execute a trade to unlock the bonus.
Streamlined process and trading environment
Swissquote emphasizes simplicity and transparency in the referral process, providing step-by-step guidance and email templates to facilitate invitations. Once funding conditions are met, bonuses are credited proportionally, subject to the program’s full terms and conditions.
Beyond incentives, the broker underscores its broader value proposition. Swissquote offers access to a wide range of Forex and CFD instruments, with all trading costs incorporated into spreads and no hidden fees. Clients also benefit from a detailed product guide, clear trading conditions, and a comprehensive Forex education section designed to support both novice and experienced traders.
The referral initiative highlights Swissquote’s focus on organic growth and higher-quality client acquisition, encouraging larger initial deposits and active trading participation. As competition in Forex and CFD markets continues to intensify, such programs may play an increasingly important role in client retention and long-term engagement.
Earlier, Swissquote launched a new advertising campaign in Luxembourg, offering investors the opportunity to earn up to €1,000.
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