Overall Swissquote is a trustworthy and low-risk broker with a high overall rating of 9 out of 10. FXOpen is authorized and regulated by FINMA and offers leverage up to 1: 100.
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 Review – 23 key points quick overview
Swissquote Overview
According to research in South Africa, Swissquote was founded in 1990 when it was set up by Marvel Communications SA with the purpose of providing financial software along with web applications. In 1996, the first financial platform was launched when the business model became Swissquote.
Swissquote has henceforth provided access for private investors to real-time prices along with securities which were traded on the Swiss Stock Exchange.
The parent company, Swissquote Group Holding Ltd is to this day the leading provider of not only online financial services, but also trading services in Switzerland.
Swissquote makes provision for a variety of trading services along with a platform that is user-friendly and offers solutions that include eForex, ePrivate Banking, eMortage, and more.
Swissquote prides itself in offering services that are low in costs to private clients along with having developed specialized services which are aimed at catering to independent asset managers along with corporate clients.
Swissquote Safety and Security
Swissquote operates in several countries and is licensed, regulated, and authorized by several entities such as FINMA in Switzerland, FCA in the UK, DFSA in Dubai, SFC in Hong Kong, and MFSA in Malta. This makes Swissquote not only reputable but reliable.
These authorizing and regulatory entities are some of the strictest in the world, and thus Swissquote has a lot of strict regulations it must comply with in order to stay compliant.
Every transaction and action is audited, overseen, and reported strictly and regularly to ensure that clients are treated fairly. Breaching this would mean substantial fines for the company.
Clients’ funds are kept in segregated accounts and compensation along with extensive cover is provided to clients to ensure that they are always protected.
Swissquote Sign-up Bonus
Swissquote does not offer a sign-up bonus.No sign-up bonus, a deposit bonus, or a welcome bonus is offered to traders who register a real account with Swissquote.
Brokers often offer these bonuses to new traders to attract more customers in signing up with the broker and to encourage trading activities.
These bonuses are the best way in which to assure traders that they will receive some money back depending on the initial deposit made.
Various brokers also offer no deposit bonuses to traders in the same effort to draw in more customers and bonuses like this may aid not only the broker in acquiring new clients but also traders who have strict budgetary restrictions.
Although Swissquote does not offer bonuses traders should not be discouraged by this from registering for a real account as the trading conditions offered are still attractive.
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, Dubai Financial Services Authority (DFSA), Hong Kong Securities and Futures Commission (SFC), 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 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 Account Types
Swissquote provides traders with the option of four live forex account types, namely a Standard account, Premium Account, Prime Account, and a Professional Account. It also offers a Robo- Advisory Account.
Traders the follow the Muslim faith also have the option to open an Islamic Swap-Free Account.
Traders will find that through these accounts, Swissquote offers competitive trading conditions along with comprehensive solutions and services.
Swissquote Account Features
The following features can be expected when opening one of the live account types:
| 🌐 Account Types | 📍 Standard Forex Account |
| 💰 Minimum deposit | $ 1 000 / R 14 211.85 |
| 📈 Spreads | Starting from 1.7 pips on forex trading |
| 💵 Commission | No commission charges when trading forex, but 0.15% commissions charged when trading in stocks |
| ➕ Leverage | up to 1: 100 |
| 🌐 Account Types | 📍 Premium Forex Account |
| 💰 Minimum deposit | $ 10 000 / R 15 6130 |
| 📈 Spreads | starting from 1.4 pips on forex trading |
| 💵 Commission | no commission charges on forex trading, but 0.12% commission charged when trading in stocks |
| ➕ Leverage | up to 1: 100 |
| 🌐 Account Types | 📍 Prime Forex Account |
| 💰 Minimum deposit | $ 50 000 / R 78852 |
| 📈 Spreads | starting from 1.1 pips on forex trading |
| 💵 Commission | no commission charges on forex trading, but 0.09% commission charged when trading in stocks |
| ➕ Leverage | up to 1: 100 |
Traders first must consult with the broker before applying for this account type
| 🌐 Account Types | 📍 Professional Forex Account |
| 💰 Minimum deposit | volume based |
| 📈 Spreads | are custom |
| ➕ Leverage | up to 1: 100 |
In addition to what these accounts offer, traders who use the Forex Accounts also have access to financial instruments such as Forex and CFDs, along with being able to use Advanced Trader, MetaTrader4, and MetaTrader5.
Robo-Advisory Account
The Robo-Advisor Account is an automated investment manager that creates a bespoke investment portfolio for you and monitors it around the clock. The minimum deposit requirement is $ 5 000 /R 80 220.
Traders using this account can spend certain funds and have access to the Robo-advisor’s trading platform.
Islamic Account
This account type is a standalone account with a separate application procedure. This account type means a Muslim client has an additional swap-free option without being charged during overnight positions of swaps or rollover interests.
Islamic Swap-free accounts are subjected to Swissquote’s approval. Interested clients can log into the website and submit a request to customer care.
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 Demo Account
In addition to the live account types, Swissquote offers traders the option of opening a Demo Account which can be utilized in several ways.
A demo account is a practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds.
More advanced traders can also utilize the demo account if they want to evaluate and compare brokers and would like to explore the trading conditions of Swissquote in a risk-free environment.
Traders might also want to test their trading strategies in a mimicked live trading environment without risking their capital.
To sign-up for a demo account with Swissquote is fully digitalized and easy. It can be done within a few minutes and as soon as the trader is registered, demo trading can commence once the trader has downloaded and installed their trading platform of choice or their web browser.
Swissquote Islamic Account
Swissquote offers Muslim clients who follow Sharia law the option of opening an Islamic Account.
This account has the following features:
Minimum deposit – $ 1 000 / R 14 211.85
Spreads – starting from 1.7 pips depending on the financial instrument
Traders are provided with 5-digit spreads
Traders can trade both mini and Micro lots
Direct execution of trades through the STP model
Zero interest is charged on contracts that are held for longer than 24-hours with a consistent zero-rollover interest
Zero additional rollover commissions when contracts are held for longer than 24-hours.
Traders are offered access to Expert Advisors
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
How to set up a Swissquote Demo Account – Step by Step
To set up, and register for a demo account with Swissquote traders should do the following:
Step 1 – Open Your Account
- Go to the website of Swissquote and click on the banner labeled ‘Try free demo’.
Step 2 –Fill out the form
- Traders will be redirected to a page where they will be offered a choice to sign up through Facebook or Google or complete the online registration form.
- Complete the form by providing your first and last name, email, country of residence, telephone number, expertise, planned investment amount, and preferred platform.
Step 3 –Receive an email
- Traders must also select to accept the Privacy Policy terms and provide permission to be contacted by the broker, with the option of opting out.
- Once traders have submitted their details, they will receive an email at the address that they provided. The email will contain the trader’s demo account number, automatically generated password, and server.
Step 4 – Download trading platform
- Next traders must download the trading platform and log into their account through the platform by using the details provided.
- Demo trading can now commence.
A demo account is also seen as a practice account since it provides traders with the ability and freedom to explore the broker’s offering without running the risk of suffering losses through the provision of virtual money with which to practice trading.
Beginner traders can utilize demo accounts to acquaint themselves with a live trading environment. They can build up their trading skills by participating in trades and developing their trading strategies.
Demo accounts are not merely intended only for beginners, but it provides more advanced traders with the opportunity to explore what Swissquote has to offer.
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 Trading Platforms
Swissquote offers traders a choice between some of the best, most advanced, and most powerful trading platforms such as:
MetaTrader4
MetaTrader5
Advanced Trader
MetaTrader4
This trading platform is one of the most popular in the trading community which offers a vast number of trading tools along with plug-ins, one-click trading, access to EAs, and various other features, which include (but are not limited to):
Chart analysis with multiple indicators and 9 different time frames
Over 30 indicators are built-in and access to paid as well as free custom indicators and EAs
24 analytical objects which can be used in chart analysis
Ability to automate trading through EAs
Access to MetaEditor which allows traders to code their own custom indicators and EAs
Ability to select either instant or market execution on trades
In addition, MetaTrader4 is available for download on either desktop that runs Windows or Mac as well as mobile devices such as smartphones that use iOS and Android
MetaTrader5
This is the next generation that supersedes MetaTrader4. It has the same core functionality but has a variety of new features such as:
Over 80 built-in indicators with additional access to MetaEditor to create more
Over 40 chart analytical objects
Charts that are fully customizable and with an additional 21 timeframes whereas MetaTrader only has 9
Access to EAs
Access to FIX API which allows traders access directly into Swissquote’s liquidity from the trader’s own platform
Advanced Trader
This is Swissquote’s own in-house proprietary trading platform. Not only does it have a user-friendly interface, but it has been specifically designed to meet the needs of even the most demanding traders and comes packed with features such as:
Chart analysis with access to more than 40 indicators along with a real-time newsfeed provided by both Bloomberg and Swissquote itself
Automatic pattern detection saves traders time on having to manually analyze charts
Order types such as ‘order cancel other’, ‘if done’, and ‘if done/OCO’
This trading platform can be downloaded either to the desktop of the trader, or their mobile device or it can be used on a variety of internet browsers.
Swissquote Fees and Spreads
Swissquote’s spreads start from 1.7 pips on the Standard Account.
The fee schedule and spread list offered by Swissquote are transparent and competitive. Fees, spreads, and commissions that traders can expect when trading with Swissquote are as follows:
The Standard account spreads start from 1.7 pips with no commission charges.
The Premium account spreads start from 1.4 pips also with no commission charges.
The Prime account spreads start at 1.1 pips and commission-free trading.
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 Deposit and Withdrawal
Base currencies offered include CHF, EUR, and USD pertaining to stocks, ETFs, Mutual funds, bonds, options as well as futures, but when opening either a Forex or a CFD account, traders have the option to choose between 15 base currencies.
Traders are advised to fund their account using the very same currency as their bank account to avoid having to pay a conversion fee, which is done at standard rates.
Swissquote provides a choice between using either Credit/Debit Cards or Bank Transfers when depositing funds. There are no deposit fees charged when using Bank Transfers, but when using Credit/Debit cards there is a 2.2% – 2.5% deposit fee which is charged.
Withdrawal fees charged will depend on the trader’s country of residence along with the currency in which the transaction is made. Although Swissquote UK does not charge any fees, Swissquote CH charges €2 for EUR withdrawals and $10 for US withdrawals.
Swissquote Best Countries by Traders
| 🌎 Country of Trade | 📌 % of Traders |
| 🥇Switzerland | 58.48% |
| 🥈 Germany | 4.30% |
| 🥉China | 3.36% |
| 🥈Saudi Arabia | 2.45% |
| 🥇United States | 2.30% |
Swissquote vs Etoro vs XM – Comparison Table
| 🔎 Broker | 🥇Swissquote | 🥈 eToro | 🥉 XM |
| 💰 Minimum Deposit | $ 1 000 / R14 211.85 | $1000 USD | $5 USD |
| 📝 Sign-Up Bonus | ☑️ Yes | ☑️ Yes | ☑️ Yes |
| ➕ Max. Leverage | 1: 100 | 1:400 | 1:888 |
| 💵 Currency Pairs | 10 | 47 | 57 |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
Swissquote Current Popularity Trend
As According to Google Trends, here is an overview of how frequently the search term – “Swissquote is entered into Google’s search engine over a given period of time.
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. To 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 |
| Strictly authorized and regulated by several entities | No technical indicators on mobile charts |
| Large range of financial instruments | Limited customization on desktop watchlists |
| Three trading platforms to choose from | Research tools limited |
| Easy set up of mobile and desktop apps | No fixed spread accounts |
| 5Daily reports provided in multiple languages | No US clients |
| Competitive spreads | Minimum deposit of $1,000 |
Conclusion
Overall, Swissquote can be summarised as a credible and trustworthy broker and is considered low-risk with competitive trading fees and spreads. Swissquote has an overall trust score of 99 out of 99. With Swissquote, you can trade over 1.7 million structured investments and leverage products listed on Euwax.
Disclaimer
There are high levels of risk involved when trading financial instruments such as Forex, spot precious metals, and others. This level of risk may not be suitable for all traders as there is a risk of losing amounts that exceed the initial deposit.
Traders need to evaluate their objectives regarding trading and investment to ensure that they are always aware of risks and whether they are willing to be exposed to these levels of risks.
Swissquote provides products, services, and information that is used at the trader’s own discretion and Swissquote can therefore not be held liable for any damage or loss.
The provisions made on the website cannot be seen or used as recommendations or encouragement to invest or trade financial instruments and traders are advised to seek independent and professional advice before deciding on trade or investment, according to research in South Africa.
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Frequently Asked Questions
Is Swissquote a legit broker?
Swissquote operates in several countries and is licensed, regulated, and authorized by several entities such as FINMA in Switzerland, FCA in the UK, DFSA in Dubai, SFC in Honk Kong, and MFSA in Malta. This makes Swissquote not only reputable but reliable.
What are the advantages of trading with Swissquote?
The main advantage of the Swissquote broker is its license. You can also note a fairly large selection of trading instruments.
Which trading platforms are supported by Swissquote?
Web Platform, Yes; Social Trading / Copy-Trading, Yes; MetaTrader 4 (MT4), Yes; MetaTrader 5 (MT5), Yes.
What is the overall rating for Swissquote out of 10?
We give Swissquote an overall rating of 9/10.
What type of broker is Swissquote?
With Swissquote you can trade with financial instruments such as stocks, funds, options, futures, CFDs, and Forex
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