Swissquote Review 2020

Swissquote Rated 3/5
learn more Learn more about eToro. 71% of retail investor accounts lose money when trading CFDs with this provider.
Swissquote Review Screenshot

Swissquote Guide - Read our In Depth Swissquote Review

This Swissquote review was written by industry experts with over 20 years of financial experience in Forex, Social Trading.
The content in this Swissquote review does not apply to US users.

What is Swissquote?

Swissquote are an a global online financial trading platform and multi asset broker founded in 1999

Over 21 years later Swissquote has grown to offering retail investors Forex trading, and Social trading.

Swissquote are a global broker and have 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.

We will dive deep in this Swissquote review and assess how well the Swissquote platform functions in its role as an international multiple financial asset trading platform for traders in 2020.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like Swissquote can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of Swissquote we breakdown 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.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this Swissquote review useful.

This review of the Swissquote platform is very detailed. If you are interested in trading with Swissquote in any capacity please take the time to read and research the whole Swissquote review.

We have tried to explain the ins and outs of financial trading through the Swissquote platform as plainly as possible so that you the trader are as informed as possible before you start to use the Swissquote trading tools and depositing and withdrawing funds from Swissquote.

Benefits of trading with Swissquote

Open Swissquote's Website

Losses can exceed deposits

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with Swissquote like Forex trading, and Social trading. you should have confidence in Swissquote and know that the management of your financial investments on the Swissquote platform is in good hands.

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

With this Swissquote 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 review
Swissquote is a Multi-Assets Trading Platform with over 100+ Assets

Learn more about Swissquote. Swissquote is a multi asset platform with 100+ tradable Assets. Assets available on Swissquote include Forex, Social Trading.

Swissquote trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex, Social Trading are considered financial assets.

Swissquote review
Features of Swissquote

Swissquote review
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.

Swissquote review
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 21 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.

Swissquote review
Is my money safe with Swissquote?

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.

What are Tier 1 banks and why should Swissquote use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in Swissquote deposited in a Tier 1 bank?

Having any money you deposit with Swissquote means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if Swissquote goes out of business for some reason.

Therefore, we can safely conclude that Swissquote is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex, Social Trading is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. Swissquote also clearly state on their platform that Losses can exceed deposits.

Now that we have answered some important questions regrding Swissquote. let us look at the Swissquote features in more detail.

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.

How Swissquote as a Company Compare Against Other Brokers

Broker Swissquote eToro IC Markets XTB
Year Established 1999 2006 2007 2002
Head Office Switzerland Cyprus, UK Australia Poland
Regulation Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) 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, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
Used By 300,000+ Swissquote users 12,000,000+ eToro users 60,000+ IC Markets users 250,000+ XTB users
Negative balance protection No Yes Yes Yes
Guaranteed Stop Loss No No No No
Learn More Visit Swissquote Visit eToro Visit IC Markets Visit XTB
Risk Warning Losses can exceed deposits 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Swissquote review
Swissquote Pros and Cons

What we like about Swissquote

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

What we don't like about Swissquote

Swissquote review
Swissquote Regulation and Licensing 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 review
Is Swissquote Global?

Yes, Swissquote is global as Swissquote is available in over 194 countries.

Swissquote is a global trading platform in the sense that it operates in 194 nations including nations in Europe, Asia, Oceania, and Africa. Major countries Swissquote covers include the UK, Germany, Australia, South Africa, Thailand, the United States and China. Swissquote has a total of more than 300,000 users.

Swissquote review
Swissquote Awards

Swissquote have won numerious industry awards over the 21 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 review
Swissquote Fees Explained

  • Swissquote doesn't charge withdrawal fees
  • Swissquote does not charge a fee for inactive accounts.
  • Swissquote doesn't charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How Swissquote Fees Compare Against Other Brokers

Broker Swissquote eToro IC Markets XTB
Min Deposit 1000 200 200 0
Withdrawal Fees No Yes No varies
Inactivity Fees No Yes No No
Deposit Fees No No Varies No
CFD Commission Fees No No Yes Yes

Swissquote review
Swissquote Minimum Deposit

Swissquote require a minimum desposit of 1000 GBP/USD when opening an Swissquote trading account.

A minimum deposit is the minimum amount of money required by Swissquote to open a new online brokerage account with them.

Dont be scared off by brokers like Swissquote charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

Swissquote review
Swissquote Withdrawal Fees

Swissquote doesn't charge withdrawal fees.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

Swissquote for example allow you to withdraw your funds to Credit cards, Debit cards, Bank Transfer, Payoneer.

Swissquote review
Swissquote Inactivity Fees

Swissquote does not charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

Swissquote review
Swissquote Desposit Fees

Swissquote does not charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

Swissquote review
Swissquote Commission Fees

Swissquote does not charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

Swissquote review
What can you trade with Swissquote?

Be aware that Different entities under Swissquote Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

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 eToro and IC Markets below.

Losses can exceed deposits

How Swissquote Trading Options Compare Against Other Brokers

Broker Swissquote eToro IC Markets XTB
Instruments Available 100 2000 232 4000
Platforms MT4, MT5, ZuluTrade, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 150 50 65 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        
Commodities Offered 7 31 19 21
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural No Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 0 957 100 1696
UK Shares Yes Yes No Yes
US Shares Yes Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes Yes
Risk Warning Visit Swissquote
Losses can exceed deposits
Visit eToro
71% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit XTB
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Swissquote review
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 review
Is the Swissquote Trading Platform Secure?

Swissquote safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. Swissquote also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating Swissquote.

Swissquote review
Swissquote Trading Platform Options

Once you have logged into your Swissquote account you will see the below trading platform options available to you.

  • MetaTrader 4 (MT4)
  • MetaTrader 5 (MT5)

Swissquote does not offer the cTrader trading platform. You can find a broker that supports cTrader here

Lets explore each of these trading platforms in detail and what options Swissquote gives you.

Swissquote review
Swissquote MetaTrader 4 (MT4)

Swissquote MetaTrader 4

MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to ful fill all of your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

Understand that the MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with Swissquote. You can learn more about the MT4 Platform here.

You can start using the MetaTrader 4 platform with Swissquote in multiple formats including through an online web platform, Through a downloadable application for Windows PC's and Apple Macintosh computers. Swissquote MetaTrader 4 is compatible with the latest macOS Mojave. Swissquote allows traders to trade on mobile devices through Android and IOS devices like the iPhone.

Metatrader 4 Webtrader on Swissquote

MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.

Trade Swissquote MetaTrader 4 on IOS Devices

You can download the Swissquote app or also trade with Swissquote through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program for free of charge from Apple's App Store. IC Markets customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go.

Trade Swissquote MetaTrader 4 on Android Devices

Andorid mobile devices and tablets are used by millions of people globally. Swissquote provides its clients access to the MetaTrader 4 platform on Android supported devices so that customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android Swissquote MetaTrader 4 Android application enable traders to make the most of multiple advanced trading features which enables them to monitor and trade Forex quickly on the go, simply and securely.

Trade Swissquote MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators is a Bundle of three Major indicators including:

  • Analyst Perspectives - A go-to resource for leadership and key levels.
  • Adaptive Candlesticks - Identifies chart patterns which illustrate important changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Much like MACD however useful at shorter lengths and provides more timely signs.

Swissquote MetaTrader 4 Advanced Trading Tools

The Swissquote advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. Swissquote offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more.

Trade Swissquote MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn't support Automated Trading scripts like Expert Advisors.

Swissquote MetaTrader 4 & MetaTrader 5 AutoChartist

Swissquote Autochartist provides the world's first Market Scanner available for MT4 & MT5 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can't remember which currency you're taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade.

Swissquote review
Swissquote MetaTrader 5 (MT5)

Swissquote MetaTrader 5

MetaTrader 5 also known as MT5 is a multi asset trading platform that provides a wide range of trading features and financial research tools, MT5 also allows the use of automated trading systems (trading robots) and copy trading. New features like additional timeframes and advanced charting tools can give you a competitive advantage in the financial markets.

MetaTrader 5 was released in 2010 and is the updated version of MetaTrader 4.

MetaTrader 4 was built specifically to trade Forex and CFDs, MetaTrader 5 on the other hand facilitates trading of Forex, Futures, Stocks, Algorithmic Trading, ETFs and Indices.

IC Markets MetaTrader 5 Instruments

IC Markets MetaTrader 5 Charting

You can learn more about the MT5 Platform here. You can also learn more about the differences between MT5 and MT4 here.

Trade Swissquote MetaTrader 5 WebTrader

Access your Swissquote MetaTrader 5 accounts from any web browser. It features a huge range of tools like additional timeframes and the most up to date technical indicators to give you all the trading resources you need to trade on and analyse the financial markets.

Swissquote review
Swissquote MT5 Buying and Selling

IC Markets MetaTrader 5 Buying and Selling

Swissquote MetaTrader 5 on IOS Devices

Swissquote MetaTrader 5 Can Operate on the and newer IOS devices like the iPhone and iPad. MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi. It's suggested that you upgrade the IOS MetaTrader 5 app regularly. New versions provide improved functionality and increased stability. Swissquote MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode.

Swissquote MetaTrader 5 on Android Devices

MetaTrader 5 for Android may be used on a Android smartphone or a tablet powered by the Android 5.0 or higher operating system. Additionally, to connect to Swissquote trading server. Take the time to understand all of the Android MetaTrader 5 features. With Metatrader 5 for Android you can trade a selection of financial instruments at any time, in any place.

Swissquote Metatrader Mobile Application Features

MetaQuotes the developers of Metatrader have listened to the feedback of their millions of users and have built the most popular mobile trading platform in the world. MetaTrader features include :

  • Financial instrument quotes
  • View in depth price charts of financial instruments
  • Manage trades and open positions
  • View your trading history
  • View market news
  • MetaTrader internal messaging
  • View and research market statics of Swissquote financial instruments
  • Position opening and closing
  • Lookup symbols in the quotes section
  • Display of deals on graphs
  • Timeframe selection for graphs and charts
  • Additional vertical scaling of graphs
  • Capability to transfer accounts to other devices using QR codes
  • Information is available only if it's supplied by Swissquote
  • Access the OTP generator through FaceID or fingerprint

Swissquote MetaTrader 5 Advanced Trading Tools

Swissquote MetaTrader 5 has many advanced trading tools for the more advanced users. Understanding these tools can give you a competitive edge.

  • Depth of market bids and asks
  • Price Data
  • Margin Calculation, Futures, Forex
  • Advanced Techincal Analysis
  • One click trading
  • Spreads
  • Futures
  • Trading Reports

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

Losses can exceed deposits

Swissquote withdrawal and funding methods.

Please note that the list of Swissquote payment methods below depend on the Swissquote Entity and the Clients Country of Residence.

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

Swissquote Payment Methods

  • Swissquote accepts Credit cards
  • Swissquote accepts Debit cards
  • Swissquote accepts Bank Transfer
  • Swissquote accepts Payoneer
Broker Swissquote eToro IC Markets XTB
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 No 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.

Losses can exceed deposits

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 instruments.

Swissquote Leverage and Swissquote CFDs Explained

let's take a look at some of the basics of using Swissquote leverage.

Swissquote offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

Swissquote leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the Swissquote trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The Swissquote leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

Swissquote CFDs are typically used for short to medium term trades. For example Swissquote intraday trading.

Limit Risk When Trading with Swissquote Stop Loss, Swissquote Stop Limit Orders

A stop-loss order is an order placed with a broker like Swissquote to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at Swissquote

To trade effectively with Swissquote, it's important to get a have a good understanding of the Swissquote 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.

Customer 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 live chat and email support in multiple languages.

Livechat Support at Swissquote

We tested the Swissquote live chat and it works well. We sent messages to Swissquote livechat through their app and website and recieved a response within 30 seconds.

We tested communicating with Swissquote support in multiple languages in multiple countries. Swissquote where able to quickly resolve our customer issues.

Email Support at Swissquote

We sent several emails to Swissquote and answer times overall were excellent. The fastest response from Swissquote was less than 15 minutes and the slowest response was 7 hours. Support response times may vary for you with Swissquote, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall very good email support from Swissquote.

Phone Support at Swissquote

We called Swissquote and the call was answered very quickly. The call was answered in less than 5 minutes.

The Swissquote phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Swissquote team by calling in varying languages. Swissquote made an effort to make sure our queries were answered.

Overall great phone support from Swissquote.

See how Swissquote Support Compares Against Other Brokers

Broker Swissquote eToro IC Markets XTB
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, German, Spanish, French, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More Visit Swissquote Visit eToro Visit IC Markets Visit XTB
Risk Warning Losses can exceed deposits 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and 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:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under Swissquote Brand may be different.

  • 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 3 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 the Swissquote trading platform 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 November 30, 2020.

Swissquote review
Watch this Swissquote Explainer Video

Swissquote review
Is Swissquote A Good Broker?

We spent over 3 months examining Swissquote in depth. Although we found some very useful aspects of the Swissquote platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative Swissquote broker.

  • Swissquote have a good track record of offering Forex, Social Trading.
  • Swissquote has a history of over 21 years.
  • Swissquote has a reasonable sized customer support 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 review
Swissquote not quite right?

If after reading this Swissquote review, Swissquote does not fulfill your needs check out these Swissquote Alternatives.

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Swissquote review
Related Swissquote Vs Comparisons

We have covered allot in this Swissquote review, If you want to see how Swissquote compares side by side with other brokers check out our Swissquote Vs pages.

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 our indepth Swissquote VS pages below.

Swissquote review
SWISSQUOTE Frequently Asked Questions

Can I try Swissquote before I buy?

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

What funding methods do Swissquote accept?

Please note that the list of payment methods below depend on the Swissquote Entity and the Clients Country of Residence.

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

Losses can exceed deposits

Is Swissquote safe?

Swissquote are considered safe as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA). 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.

Is Swissquote trading good?

Swissquote is considered good and reputable to trade with Swissquote. Swissquote is used by over 300000 active traders and Swissquote users. Swissquote offers Forex trading, and Social trading. Minimum deposit with Swissquote is 1000.

Is Swissquote trading Legit?

Swissquote was founded in Switzerland in 1999. Swissquote has been facilitating trade on the financial markets for over 21 years. Swissquote offers clients Forex trading, and Social trading. All funds deposited to Swissquote are held in segregated tier 1 bank accounts for security. Swissquote is regulated by Financial Conduct Authority (FCA) so can be considered legit.

Is Swissquote a good broker?

Swissquote is overseen by the top tier financial regulators Financial Conduct Authority (FCA) so can be considered a good broker. Swissquote allows Forex trading, and Social trading.

Is Swissquote trustworthy broker?

Swissquote can be considered trustworthy. All money funded to Swissquote is placed into a segregated tier 1 bank account. this means your money in not held by Swissquote directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also Swissquote is regulated by Financial Conduct Authority (FCA).

What is the minimum deposit for Swissquote?

The minimum deposit to trade with Swissquote is 1000.

How long do Swissquote withdrawals take?

Withdrawing money from Swissquote processing time varies but averages 2-5 days.

Is Swissquote regulated?

Swissquote is regulated by Financial Conduct Authority (FCA).

Is Swissquote a market maker?

Swissquote is a market maker. Stocks, currency and other commodities and instruments will be purchased by Swissquote even if no buyer is lined up.

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.

Is Swissquote a con?

Swissquote is regulated and well established having been in business for over 21 years. Swissquote is definitely not a con.

Can you make money with Swissquote?

Although traders have had great success with Swissquote. Trading on the financial markets with Swissquote is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Losses can exceed deposits.

Does Swissquote have fees?

Swissquote doesn't charge withdrawal fees. Swissquote doesn't charge inactivity fees. Swissquote doesn't charge deposit fees.

When was Swissquote founded?

Swissquote was founded in 1999.

How many people use Swissquote?

Swissquote is used by over 300000 registered Swissquote users.

What is Swissquote Headquarters country?

Swissquote has its head quarters office in Switzerland.

Does Swissquote offer negative balance protection?

Swissquote does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does Swissquote offer guaranteed stop loss?

Swissquote does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does Swissquote allow scalping?

Swissquote offers scalping.

Does Swissquote allow hedging?

Swissquote offers hedging.

Does Swissquote offer CFD trading?

Swissquote offers CFD trading.

Does Swissquote offer STP?

Swissquote does not offer STP trading.

How many people use Swissquote?

Swissquote is used by over 300000 Swissquote users and traders.

Is Swissquote an ECN broker?

Swissquote does not offer ECN trading.

Does Swissquote offer a demo account?

Swissquote offers a demo account.

Does Swissquote offer an Islamic account?

Swissquote does not offer Islamic accounts.

What are the funding methods for Swissquote?

Swissquote accept the following funding methods : Credit cards, Debit cards, Bank Transfer, Payoneer.

Swissquote review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Swissquote brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Swissquote review written by Mark Hansen of Comparebrokers.co