Swissquote Review 2019

Swissquote Rated 4/5

Swissquote Guide

Swissquote are an online broker founded in 1999 offering Forex trading, and Social Trading trading.

Swissquote are a global broker and have multiple offices around the world including a head office in Switzerland.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Swissquote we break down the pros and cons. What Swissquote are able to offer, what countries Swissquote are available in. Who Swissquote are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with Swissquote

  • Regulated by: Financial Conduct Authority (FCA)
  • Headquarters Country : Switzerland
  • Foundation year 1999
  • Min Deposit : 1000
  • Used by over 300,000 traders
  • Swissquote is not available in the following countries : US
Open Swissquote's Website

Losses can exceed deposits

At the bottom of this review you can also learn about some pretty good alternatives to Swissquote

With this review we hope to help you see if Swissquote is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Swissquote that will help you get off to a good start in the world of online trading.

Swissquote Review Table of Contents

Swissquote what you should know

Swissquote offer two ways to trade: Forex, Social Trading.

With Swissquote you will need a minimum deposit of $1000. You can sign up for a demo account to acquaint yourself with Swissquote platform.

Swissquote are able to accommodate various levels of traders whether you are experienced or a beginner.


Are Swissquote safe?

When choosing a broker like Swissquote the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 1999, and in operation for 20 years Swissquote have a head office in Switzerland.

Swissquote is regulated. This means Swissquote are supervised by and is checked for conduct by the Financial Conduct Authority (FCA) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Swissquote, this will be honored. If Swissquote violate any regulatory rules their regulated status could be stripped.

Any payments funded to Swissquote accounts by traders are held in a segregated bank account.

For added security Swissquote use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with Swissquote. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Swissquote

Losses can exceed deposits

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker Swissquote XTB Pepperstone eToro
Year Established 1999 2002 2010 2006
Head Office Switzerland Poland Australia Cyprus, UK
Regulation Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Used By 300,000+ 250,000+ 10,000+ 10,000+
Negative balance protection No Yes Yes No
Guaranteed Stop Loss No Yes No No
Learn More Visit Swissquote Visit XTB Visit Pepperstone Visit eToro
Risk Warning Losses can exceed deposits Your capital is at risk Your capital is at risk 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Swissquote Pros and Cons

What we like about Swissquote

  • Used by over 300,000 traders
  • Established in 1999
  • Regulated by Financial Conduct Authority (FCA)
  • Min. deposit from $1000

What we don't like about Swissquote

Swissquote Financial Regulation and Supervision in more detail

We have checked and Swissquote is regulated and supervised by reputable organisations. You are able to check every Swissquote supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with Swissquote. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect Swissquote traders and provide a safe trading environment.

Swissquote is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as Swissquote you should be sure they're legitimate online agent.

Swissquote Awards

Swissquote have won numerious industry awards over the 19 plus years they have been operating as a financial broker. We list the most notible awards and mentions for Swissquote below.

  • In addition to being a forex broker Swissquote operates two banks with over 30.5bln CHF in assets
  • Industry award for Best Banking Services
  • Swissquote’s Advanced Trader platform developed in house has won awards
  • Thomson Reuters Lipper Fund Award 2016

Swissquote General Fees

  • Swissquote doesn't charge withdrawal fees
  • Swissquote doesn't charge inactivity fees
  • Swissquote doesn't charge deposit fees
Broker Swissquote XTB Pepperstone eToro
Min Deposit 1000 0 200 200
Withdrawl Fees No varies No Yes
Inactivity Fees No No Yes Yes
Deposit Fees No No No No
CFD Commission Fees No Yes Yes No

Swissquote Commissions

  • Swissquote doesn't charge commission on CFD shares.

What can you trade with Swissquote?

You can trade a wide variety of instruments with Swissquote over 100 instruments infact.

If you are looking at trading currency pairs Swissquote offer over 150 currency pairs.

Compare Swissquote with XTB and Pepperstone below.

Losses can exceed deposits

Broker Swissquote XTB Pepperstone eToro
Instruments Available 100 1,500 100 100
Platforms MT4, MT5, ZuluTrade, Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies Visit Swissquote Visit XTB Visit Pepperstone Visit eToro
Forex pairs offered 150 50 70 50
Major forex pairs Yes Yes Yes Yes
Minor forex pairs Yes Yes Yes Yes
Exotic forex pairs Yes Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit Swissquote Visit XTB Visit Pepperstone Visit eToro
Commodities Offered 7 21 16 0
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural No Yes No Yes
Indiced & Stock CFDs Visit Swissquote Visit XTB Visit Pepperstone Visit eToro
Stocks Offered 0 1696 60 957
UK Shares Yes Yes No Yes
US Shares Yes Yes No Yes
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes No Yes

Trading on Swissquote web platforms and other applications

Swissquote is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here.

Swissquote also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See Swissquote's platforms

Swissquote Trading benefits :

  • Allows scalping
  • Allows hedging

Swissquote Trading Accounts Offered :

  • Demo account
  • Mini account
  • Standard account

Can I try Swissquote before I buy?

Swissquote offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding and withdrawl methods do Swissquote accept?

Swissquote offer the below funding payment methods. learn more about Swissquote

  • Credit cards
  • Bank Transfer
  • Payoneer
Broker Swissquote XTB Pepperstone eToro
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer Yes Yes Yes Yes
Neteller No Yes Yes Yes

How can I start trading with Swissquote?

When opening a trading account with Swissquote, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Swissquote trading platforms here.

Performing trades with Swissquote

With Swissquote, the minimum and maximum trade requirements vary depending on the trader and the instrument.

As a market maker, Swissquote may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

Education resources at Swissquote

To trade effectively with Swissquote, it's important to get a have a good understanding of the XTB trading tools and the markets.

Swissquote offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Swissquote.

Take time to look around the Swissquote platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Support at Swissquote

Swissquote support a wide range of languages including English, German, French, Italian, Spanish, Arabic, Russian, and Chinese

Swissquote have a double AA grade support rating because Swissquote offer over three languages,

Broker Swissquote XTB Pepperstone eToro
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, German, French, Italian, Spanish, Arabic, Russian, and Chinese English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic English, German, Spanish, French, and Italian
Learn More Visit Swissquote Visit XTB Visit Pepperstone Visit eToro
Risk Warning Losses can exceed deposits Your capital is at risk Your capital is at risk 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

What you will need to open an account with Swissquote

As Swissquote is regulated by Financial Conduct Authority (FCA), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Swissquote's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Swissquote you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://en.swissquote.com/ on 12th August 2018.

Watch this Swissquote Informational Video

Swissquote Bottom Line

  • Swissquote have a good track record of offering Forex, Social Trading.
  • Swissquote has a history of over 19 years.
  • Swissquote has a reasonable sized client support call center of at least 10.
  • Swissquote are regulated by Financial Conduct Authority (FCA). This means Swissquote fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Swissquote have regulation from a Tier 1 reputable country.
  • Swissquote has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Swissquote have an international presence in multiple countries. This includes local Swissquote seminars and training.
  • Swissquote are able to hire people from various locations in the world who can better communicate in your local language.

Swissquote Risk Disclaimer

Losses can exceed deposits

Swissquote not quite right?

Check out these Swissquote Alternatives

We have spent years researching the best alternatives to Swissquote. Click the links below to learn more.

If you feel some of the above Swissquote are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Swissquote alternatives below.

Related Swissquote Comparisons

If you would like to see how Swissquote stands up against other brokers you can read some of our Swissquote comparisons below. We compare side by side some of our top rated Swissquote versus comparisons. Read some indepth Swissquote VS pages below.

SWISSQUOTE Frequently Asked Questions

Can I try Swissquote before I buy?

Swissquote offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do Swissquote accept?

Swissquote offer the following funding payment methods accept Credit cards, Bank Transfers, Payoneer, Wire Transfer, among other payment methods.
Learn more here

Losses can exceed deposits

How can I start trading with Swissquote?

When opening a trading account with Swissquote, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Swissquote trading platforms here.

Is my money safe with Swissquote?

Swissquote is regulated by Financial Conduct Authority (FCA). One of the most important criteria for traders when choosing a broker like Swissquote is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Swissquote, this will be honored. If they violate any regulatory rules their regulated status can be stripped.