Swissquote has a minimum deposit requirement of $ 1 000. This minimum deposit amount is equivalent to ZAR 14 211.85 at the current exchange rate between the US Dollar and the South African Rand at the time of writing.
Swissquote at a Glance
| 🔎 Broker's Name | Swissquote |
| 📍 Headquartered | Gland, Switzerland |
| 📅 Year Founded | 1990 |
| ⚖️ Regulating Authorities | FINMA, CSSF, FCA, DFSA, SFC, MAS and MFSA |
| 🌐 Countries not accepted for trade | USA |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1: 100 |
| 💰 Minimum Deposit | $ 1 000 / R14 211.85 |
| 💳 Deposit Options | Credit cards Debit cards Bank Wire Transfers |
| 💳 Withdrawal Options | Credit cards Debit cards Bank Wire Transfers |
| 💻 Platform Types | Bank Wire Transfers Platform Types MetaTrader 4, MetaTrader 5 and Advanced Trader |
| 📱 OS Compatibility | PC, Mac, Web, Android, iOS |
| 📈 Tradable assets offered | Equities Warrants and derivatives Options and futures Funds ETFs Bonds Currencies Forex Commodities Share indices |
| 👨💼 Languages supported on Website | English, French, German, Italian, Spanish, Russian, Arabic and Chinese |
| 👥 Customer Support Languages | English, French, German, Italian, Spanish, Russian, Arabic and Chinese |
| 📆 Customer Service Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Min Deposit
USD 1000
Regulators
FINMA, CSSF, FCA, DFSA, SFC, MAS, MFSA
Trading Platform
MT4, MT5, Advanced Trader
Crypto
No
Total Pairs
10
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Swissquote Minimum deposit – 9 key points quick overview:
Swissquote at a Glance- Swissquote Minimum deposit – 9 key points quick overview:
- Swissquote Minimum Deposit
- Swissquote Deposit fees and deposit methods
- Swissquote Step by step guide to depositing the minimum amount
- Swissquote Customer Reviews
- Swissquote Pros and Cons
- Conclusion
- Frequently Asked Questions
Swissquote Minimum Deposit
Swissquote has a minimum deposit requirement of $ 1 000. This minimum deposit amount is equivalent to ZAR 14 211.85 at the current exchange rate between the US Dollar and the South African Rand at the time of writing. The broker is well-regulated in Switzerland through the Swiss Financial Market Supervisory Authority (FINMA) and Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF).
Since Swissquote operates in several countries it is also regulated by the Financial Conduct Authority (FCA) in Great Britain, the Dubai Financial Services Authority (DFSA), the Hong Kong Securities and Futures Commission (SFC), the Monetary Authority of Singapore (MAS), and Malta Financial Services Authority (MFSA).
It is a requirement by most regulatory bodies and financial institutions, amidst several other strict rules and regulations, that all client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.
Swissquote Deposit fees and deposit methods
When compared with other brokers, the minimum deposit required by Swissquote when registering a live account is high.
Swissquote offers traders only a few payment methods, namely credit and debit cards and bank wire transfers.
Deposit currencies that are accepted include EUR, USD, GBP, CHF, JPY, AUD, CAD, NZD, PLN, SEK, DKK, NOK, HUF, TRY, ZAR, SGD, MXN, HKD, THB, ILS, and AED.
When making use of credit or debit cards the broker does not charge any deposit fees. However, traders must ensure that they verify whether their financial institution waives its fees as there may be additional fees payable.
These often depend on the payment method used as well as the amount which is deposited into the trading account.
Swissquote Step by step guide to depositing the minimum amount
When funding the trading account, traders can do it from their bank account by depositing funds into one of the Swissquote segregated client accounts.
Traders can also use the option to deposit the minimum amount from their personal area after having registered a live trading account.
To deposit funds into your account, you will need to take the following steps:
Step 1 – Log in
Traders can also use the option to deposit the minimum amount from their personal area after having registered a live trading account. Traders should log into their personal area, select the option for deposits, and follow the instructions to deposit into their trading account. Traders must ensure that they select the correct deposit currency before they make a deposit.
Step 2 – Transfers
Funds must be transferred in the same currency as the bank account to which they are sending them. Should this not be done, traders may be subjected to currency conversion fees.
Min Deposit
USD 1000
Regulators
FINMA, CSSF, FCA, DFSA, SFC, MAS, MFSA
Trading Platform
MT4, MT5, Advanced Trader
Crypto
No
Total Pairs
10
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Swissquote Customer Reviews
Excellent bank
Excellent bank, almost client for more than 10 years. Difficult to find a better alternative solution in Switzerland (and sometimes also abroad)
Very nice and user-friendly platform
Very nice and user-friendly platform. It is recommended also for intermediate beginners.
Integrated Financial Platform
Swissquote provides a one-stop platform for all your financial requirements. Be it a regular bank account, trading platform, retirement solution, or even crypto trading.
All of that is available through an integrated, user-friendly, and rigorously regulated platform.
Trustworthy Bank with reasonable fees.
Trustworthy Bank with reasonable fees.
Only Chart-Tools should be improved
Swissquote Pros and Cons
| ✔️ Pros | ❌ Cons |
| Commission-free trading on the forex accounts | A high minimum deposit required |
| Low minimum deposit requirement | No fixed spread account offered |
| No deposit fees charged | Withdrawal charges on bank wire transfer |
| Offers competitive spreads | |
| Regulated through FINMA, CSSF, FCA, DFSA, SFC, MAS and MFSA | |
| Reliable payment methods offered |
Conclusion
Swissquote has a minimum deposit requirement of $ 1 000. This minimum deposit amount is equivalent to ZAR 14 211.85 at the current exchange rate between the US Dollar and the South African Rand at the time of writing.
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Frequently Asked Questions
What are the deposit methods for Swissquote?
Swissquote offers two ways to conveniently and securely fund your account: Wire transfers and Credit card deposits.
Are my deposits safe with Swissquote?
Swissquote is regulated by four tier-1 regulators, one tier-2 regulator, and no tier-3 regulators. It is considered low-risk and enjoys a very high trust score of 99 out of 99 and therefore we conclude that deposits made with Swissquote are safe.
What is the minimum deposit for Swissquote?
Swissquote has a minimum deposit requirement of $ 1 000/ZAR 14 211.85
How long does it take to make a Swissquote withdrawal?
Debit and credit cards are instant while bank wire transfers can take up to one working day.
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