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Swissquote

Swissquote Broker Review 2023 - A Detailed Product Guide with Regulations

Swissquote provides a complete and trustworthy Platform to meet your financial needs, regardless of whether you are an experienced investor or you are just beginning your trading career. Get involved with Swissquote and discover the power of online trading with a reputable Swiss Bank in this detailed Review of our trading-critique website.

Table 1: Swiss quote Overview

Swissquote Highlights

Regulated By

Account Types

Standard Account
Premium Account
Prime Account
Professional Account

Demo Account

YES

Islamic Account

YES

Minimum Deposit 

$1000

Maximum Leverage

1:100

Payment Method

Bank Transfer
Credit/Debit Card

Account Base Currencies

AUD, CHF, CAD, CZK, EUR, GBP, HUF, JP, NOK  PLN, SEK, SGD, TRY, XGD, USD  

Trading Platforms

MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Swissquote Advanced Trader
Fix API
Swissquote Mobile App

Assets

Forex
Cryptocurrencies
Commodities
Options and futures
Stocks
Bonds
ETFs

Commission

YES

Customer Support

24/5

Swissquote Review - An Intro

Swissquote is a well-known provider of financial services and online trading that is based in Switzerland. Swissquote, which has a long history dating back to 1996, has made a name for itself as a reputable and trustworthy Platform for institutions and individuals looking to participate in international financial markets.

Its main office is in Zurich, and it also has locations in London, Luxembourg, Singapore, Dubai, Hong Kong, and other cities. In 2000, it became a publicly traded company on the SIX Swiss Stock Exchange, and since then, it has developed into a reputable Banking group. It serves as an official sponsor of the UEFA Conference League and Europa League. The Bank serves more than 500,000 customers worldwide, has over 3 million products to offer, and has client assets worth more than CHF 51 billion.

Swissquote – Knowledge Bites

Swissquote has a reputation for being dedicated to technological development. It consistently makes investments in cutting-edge infrastructure to guarantee stability and speed of trade execution. Traders can manage their portfolios and stay connected while on the go because of the Platform’s Mobile Applications. Additionally, Swissquote’s customer service is renowned for providing individualized and multilingual support.

Image 1: Home page of the Swissquote website

A Screenshot from the Home page of the Swissquote website

Image Copyrights reserved to the Swissquote website

Regulations & Trustability Review of Swissquote

Swissquote upholds strict rules as a Swiss Bank, guaranteeing the highest level of transparency and security for its customers. The following regulatory organizations oversee Swissquote:

i. Swissquote’s operations are supervised and governed by the Swiss Financial Market Supervisory Authority (FINMA), which also ensures that Swiss financial laws and regulations are followed.

Swissquote Bank Ltd. is a signatory to the Depositor Protection Agreement and a member of the Swiss Bankers Association (SBA). If a Bank experiences financial difficulty, this agreement guarantees each Bank creditor (Depositor) immediate protection of up to the equivalent of CHF 100,000 for cash savings.

ii. Swissquote is governed by the Monetary Authority of Singapore (MAS), an agency in charge of monitoring and policing the Singapore capital market.

iii. Swissquote is licensed by the Dubai Financial Services Authority (DFSA), the regulatory body for the Dubai International Financial Centre (DIFC) in the United Arab Emirates.

iv. Swissquote is also authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom.

v. Swissquote is licensed by the Securities and Futures Commission (SFC) in Hong Kong.

vi. Swissquote is governed by the Malta Financial Services Authority in Malta.

Table 2: Swiss quote Regulation details

Country Regulation Registered office

Switzerland

Swissquote Bank SA

Ch. de la Crétaux 33

P.O. Box 319

1196 Gland, Switzerland

Singapore

Swissquote Pte. Ltd

Office 34-01A

One Raffles Quay

North Tower

Singapore, 048583

Phone: +65 6982 6780

b2bsingapore@Swissquote.com

the United Arab Emirates

Swissquote MEA Ltd

Al Fattan Currency House

Level 9, Office 904

Tower 2, DIFC

P.O. Box 121364

Dubai, United Arab Emirates

The United Kingdom

Swissquote Ltd

Boston House

63-64 New Broad Street

London EC2M 1JJ

United Kingdom

Hong Kong

Swissquote Asia Ltd

Suites 3202-04, Level 32/F

ICBC Tower

3 Garden Road

Central, Hong Kong<

Malta

Swissquote Financial Services (Malta) Ltd

PenderGardens

St. Andrew’s Street

St. Julians, STJ 1901

Malta

Review of Accepting Countries for Swissquote

It’s crucial to keep in mind, though, that depending on the nation and its laws, different services might be offered. Swiss quotes welcomed clients from a wide range of nations but were restricted to:

Table 3: Denied countries of Swissquote

Denied Countries
Canada

France

Germany

Italy

Japan

Russian Federation

the USA

Turkey

United Kingdom

Review of Awards Won by Swissquote Broker

In appreciation for its work as a preeminent online Broker, Swissquote has won numerous awards. The following list of Swissquote’s notable honors:

Table 4: Awards for  Swissquote

Award Awarded by

Best Digital Bank in Switzerland 2020

the International Finance Awards in 2020

Best Online Trading Platform Europe 2021

the Global Banking & Finance Review Awards 2021

Best Forex Broker in Switzerland 2021

the Global Forex Awards 2021

Best Online Broker 2021

Swiss financial magazine "Bilanz"

Investments, Products, and Instruments Review of Swissquote

The trading and investment opportunities on the Swissquote Platform are extremely diverse and include stocks, bonds, ETFs, forex, commodities, and cryptocurrencies.

Financial Instruments that you can trade using Swissquote:

Forex

Cryptocurrencies

Commodities

Options and futures

Stocks

Bonds

ETFs

Forex

Swissquote gives customers access to the foreign exchange market so they can trade popular currency pairs. Trading foreign exchange involves placing bets on changes in exchange rates between various currencies.

Cryptocurrencies

Customers can invest in well-known cryptocurrencies through Swissquote’s cryptocurrency trading service. These digital assets are available for direct purchase as well as CFD trading by customers.

Commodities

Customers of Swissquote can trade a variety of commodities, including agricultural products, energy products, precious metals, and others.

Options and futures

Swissquote offers services for trading futures and options. With the help of these derivative instruments, clients can speculate on the potential price changes of the underlying assets or protect their current positions.

Stocks

The NASDAQ, New York Stock Exchange (NYSE), Tokyo Stock Exchange (TSE), London Stock Exchange (LSE), and SIX Swiss Exchange are just a few of the major international stock exchanges that are accessible through Swissquote.

Bonds

Customers can trade a variety of bonds with Swissquote, including corporate, municipal, and government bonds. Regular interest payments are provided by these fixed-income securities, which are considered to be less volatile than stocks.

ETFs

Swissquote provides a range of ETFs that follow various indices and industry sectors. These funds give investors diversified exposure to particular markets or specific asset classes.

Trading Platforms available in Swissquote – A Review

Trading Platforms that are innovative and user-friendly and designed to meet the needs of both new and experienced traders allow traders to access these markets. Swissquote offers the following trading Platforms:

Trading Platforms that can be used for trading in Swissquote:

MetaTrader 4 (MT4)

MetaTrader 5 (MT5)

Swissquote Advanced Trader

Fix API

Swissquote Mobile App

MetaTrader 4

Swissquote supports the well-known MetaTrader 4 Platform, which is used by traders all over the world. An intuitive user interface, automated trading options with Expert Advisors (EAs), sophisticated charting tools, and access to a huge collection of technical indicators are all features of MT4.

Image 2: MetaTrader 4 Platform section of the Swissquote website

A Screenshot that shows the information about the MetaTrader 4 section on the Swissquote website

Image Copyrights reserved to the Swissquote website

MetaTrader 5

MetaTrader 5, the Platform that replaces MT4, is another service that Swissquote provides. It is ideal for traders who need sophisticated features and access to a wider variety of markets. MT5 offers improved features, such as more order types, more charting tools, and enhanced backtesting capabilities.

Image 3: MetaTrader 5 Platform section of the Swissquote website

A Screenshot that shows the information about the MetaTrader 5 section on the Swissquote website

Image Copyrights reserved to the Swissquote website

Swissquote Advanced Trader

This Platform is exclusive to Swissquote and offers a full range of features and tools for traders of all types. It offers a variety of order types, advanced charting features, customizable layouts, and real-time market data.

Image 4: Advanced Trader section of the Swissquote website

A Screenshot that shows the information about the Advance Trader section on the Swissquote website

Image Copyrights reserved to the Swissquote website

Fix API

Fix API is available to traders who have deposited at least 50,000 USD into their trading Accounts. An international Standard for electronic trading that enables greater connectivity among market participants is the Financial Information eXchange (FIX) protocol. It is for private traders with customized Platforms seeking optimal connectivity as well as institutional partners looking to offer profitable FX pricing to their customers.

Image 5: FIX API section of the Swissquote website

A Screenshot that shows the information about the Fix API section on the Swissquote website

Image Copyrights reserved to the Swissquote website

Swissquote Mobile App

Swissquote provides trading applications for iOS and Android mobile devices. Customers can trade on the go with these apps, manage their Accounts, access real-time market data, and get notifications and alerts.

Review of Types of Accounts Available in Swissquote

Swissquote offers a variety of Account types to meet the various needs of its customers.

The Swissquote Account types are:

Standard Account

Premium Account

Prime Account

Professional Account

Standard Account

Premium Account

Prime Account

Professional Account

Image 6: Account type section of the Swissquote website

A Screenshot that shows the information about the Account type section on the Swissquote website

Image Copyrights reserved to the Swissquote website

Demo Account Review of Swissquote

Users who want to practice trading or investigate the features of Swissquote’s Platform without risking real money have the option of opening a demo Account. Traders are given up to 100,000 USD in virtual funds to practice trading strategies. Demo Accounts are accessible for 30 days.

Fees & Commissions Review of Swissquote

The fee structure used by Swissquote can change depending on what kind of Account, the trading tools, and other aspects. Following are some typical charges made by Swissquote Brokers:

Deposit & Withdrawal Methods Review of Swissquote

Bank wire transfers or credit/debit card transactions can be used to make deposits and withdrawals in Swissquote. While withdrawals may incur fees, deposits are always free. The fifteen base currencies that Swissquote offers for trading include AUD, CHF, CAD, CZK, EUR, GBP, HUF, JP, NOK  PLN, SEK, SGD, TRY, XGD, USD  

Table 5: Payment methods & fees on Swissquote

Swissquote Payment Method Deposit Fee Withdrawal Fee Processing Time

Mastercard/Visa

Free of charge

Free of charge

Instant

Bank transfer

Free of charge

10USD

Upto 1 working day

Leverage available on Swissquote – A Review

According to our research and Swissquote Review, the leverage levels available at Swissquote vary depending on the law or jurisdiction in which the trading Account is held. Swissquote Brokers provide leverage up to 400:1 while still guaranteeing 100% of the funds. To take advantage of the highest leverage ratios, customers must deposit a minimum of $1000.

Table 6:  Assets & Leverage ratio on Swissquote

Swissquote Assets Maximum Leverage Ratio

Forex

Up to 30.:1

Index CFD

Up to 20.:1

Precious Metals

Up to 20.:1

Commodities CFD 

Up to 10.:1

Bonds

Up to 5.:1

For UK and EU clients

30:1

For Professional traders

100:1

Trading Hours Review of Swissquote

Trading hours depend on the specific asset class. For instance, the New York Stock Exchange (NYSE) is open Monday through Friday from 09:30 a.m. to 4 p.m. EST, whereas the Forex market is open around-the-clock.

Trading Tools Review of Swissquote

Swissquote provides a selection of trading tools to help users with their trading and investing activities.

Trading Tools available in Tradeo:

Autochartist

MetaTrader Master Edition

Trading Central

Autochartist

Autochartist is a potent tool for traders who actively invest time in looking for technical trading patterns and trading opportunities. Fibonacci patterns, Regular chart patterns, and Key levels are the three main technical analysis options that Autochartist uses to send alerts as it continuously scans the market for patterns.  

Image 7: Autochartist section of the Swissquote website

A Screenshot that shows the information about the Autochartist section on the Swissquote website

Image Copyrights reserved to the Swissquote website

MetaTrader Master Edition

MetaTrader Master Edition is the most advanced development of the MT4/MT5 Platform. It enables traders to access all trading Account activity from a single terminal. It offers stealth order functionality, which enables traders to close all positions at once, as well as a correlation matrix to aid traders in managing portfolio risk.

Trading central

Trading Central enables traders to decide which trades to place using Professional analytics. The MT4 and MT5 Platforms’ built-in trading tools let users create trading strategies and spot opportunities in real-time.  

Image 8: Trading central section of the Swissquote website

A Screenshot that shows the information about the Trading Central section on the Swissquote website

Image Copyrights reserved to the Swissquote website

Bonus Review of Swissquote

Swissquote doesn’t provide its customers with any deposit bonuses. However, to qualify for this Broker’s “Refer a Friend” bonus, a Swissquote Broker must sponsor or refer a friend or member of their family to the Swissquote Platform. After the recommended friend makes the required deposits at Swissquote, the bonus is only credited.

Image 9: Refer to a friend section of the Swissquote website

A Screenshot that shows the information about the Refer a Friend section on the Swissquote website

Image Copyrights reserved to the Swissquote website

Education and Research Review of Swissquote

Swissquote provides a variety of research and educational resources to help its clients become more knowledgeable traders and make wise investment choices. To help users improve their trading abilities, the company places a strong emphasis on education and offers a variety of resources like live webinars, tutorials, and educational materials. Swissquote may regularly host webinars and seminars covering a variety of trading-related topics.

Image 10: Education section of the Swissquote website

A Screenshot that shows the information about the Education section on the Swissquote website

Image Copyrights reserved to the Swissquote website

Swissquote’s extensive analysis and research tools, which give users useful information, market trends, and up-to-the-minute data, are one of its main benefits. Accessing a wealth of information, such as Professional commentary, economic calendars, and technical analysis, enables traders to make informed decisions.

Image 11: Research section of the Swissquote website

A Screenshot that shows the information about the Research section on the Swissquote website

Image Copyrights reserved to the Swissquote website

Advantages & Disadvantages of Swissquote

Swissquote has both advantages and disadvantages which are listed in Table 7.

Table 7 : Pros and Cons of the Swissquote website

Pros of Swissquote Cons of Swissquote
Trustworthy and reliable financial institution
Financial environment that is steady and secure
Mobile trading for access on the go
Numerous financial services are available.
Resources for financial education
International market accessibility
Easy-to-use trading Platform
a variety of investment options

 High Maintenance fees for Accounts

 Minimum deposit amounts that are relatively higher

 Certain investment products are only occasionally available.

 Restrictions or limitations imposed by regulations

Customer Support Review of Swissquote

Swissquote provides its customers with customer support services via phone, email, live chat, and an online help center. Swissquote could have an online support portal or help center that offers a thorough knowledge base with frequently asked questions (FAQs), webinars, tutorials, guides, and other resources to help users find solutions to common questions. Swissquote’s customer service team is available Monday through Friday from 8 a.m. to 8 p.m. (UK time).

Image 12 : Support section of the Swissquote website

A Screenshot that shows the information about the Support section on the Swissquote website

Image Copyrights reserved to the Swissquote website

Table 8 : Customer support service details of Swissquote

Customer support service details of Swissquote

Phone

0848 258888 ( Switzerland)

+4144828888 ( International)

Twitter

Facebook

Linkedin

Instagram

Youtube

Tiktok

In a Nutshell – Swissquote Review

Are you ready to step up your trading? For insightful Reviews, enlightening articles, and market analysis, turn to TradingCritique. Improve your trading techniques, find the best Brokers, and keep up with market trends. Visit TradingCritique right away to take the next step toward trading success.

Frequently Asked Questions – Swissquote

1. What's Swissquote's highest possible leverage?

Swissquote allows retail traders a maximum leverage of 1:100.

2. What is Swissquote's required minimum deposit?

The required minimum deposit is $1000.

3. How can I fund my Swissquote Account?

Either credit card deposits or eBanking are two convenient and safe ways that Swissquote offers to fund your Account.

4. On Swissquote, are you able to short?

No, it is not possible.

5. Does Swissquote provide a demo Account?

It certainly does.

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