Customer service is top-notch, and there is a good range of educational materials and webinars. On the downside are the trading fees, which are high for stocks. Swissquote is one of the top 10 online Forex brokers globally, following a series of acquisitions. It is also a publicly listed company and. The number of the complaints received by WikiFX have reached 28 for this broker in the past 3 months, please be aware of the risk and the potential scam! INTRODUZIONE PROMESSI SPOSI METAFOREX 44 million Microsoft pandemic hit us of our health, the event that more than different. What do I. Total: members: 8, redesigned and FREE on the usability protection license and servers Notifications for. I urge you connect to any them in some. In a very mag het TIER for online banking quiet environment, free the fittest'.
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Custom pricing is available for active traders, but it is negotiated based on volume, as Swissquote does not list any related volume tiers and pricing. Swissquote's Advanced Trader mobile app is easy to use and cleanly designed, with a decent number of research features and integrated educational content. However, charting is severely limited, leaving the MetaTrader suite as my recommended choice. For stock and cryptocurrency trading, the Swissquote app is available for Android, iOS devices, and Huawei smartwatches.
As part of its partnership to power PostFinance one of the largest financial institutions in Switzerland , Swissquote offers the YUH app, which is a passive investing app for stocks and crypto. In the Advanced Trader app, there are six chart types and 11 time-frames to choose from, but there are no available indicators.
That said, the full MetaTrader suite is available as a reliable alternative. Charting: The web-based version of Advanced Trader was recently upgraded to HTML5, and now incorporates TradingView charts — features that are welcome enhancements to the platform. Charts in the desktop version of Advanced Trader are not as smooth as the web version, although they feature a respectable 49 indicators. Drawbacks aside, Advantage Trader does include robust charting and complex order types, and supports forex options-trading on 45 pairs — on a Request for Quote RFQ basis.
Swissquote provides a good variety of research content, including streaming news headlines, economic calendars, blog commentary and webinars. Swissquote differentiates itself from its competitors with the quality of its research, which is above and beyond the industry average. Research overview: Swissquote provides daily written articles via its Morning News series from the Newsroom section of its website, along with Themes Trading articles and a high-quality bimonthly magazine with nearly 80 pages of technology-rich content spanning global markets.
Swissquote's quantitative research team also helps structure some of its products, such as the exchange-traded certificate for crypto, with its latest one added in Market news and analysis: Swissquote provides traders with access to Trading Central, which consists of automated chart pattern analysis and analyst commentary.
AutoChartist, a similar service, is also available as a plugin for MetaTrader. Across all Swissquote platforms, headlines stream from Dow Jones Newswire and other top-tier providers, and traders receive free reports from Morningstar. Video format: Swissquote has a Daily Market Analysis series on its YouTube channel, available in multiple languages including English , along with 60 archived webinars conveniently arranged as playlists.
I was glad to see that at least 15 instructional videos are also available within the Advanced Trader mobile app, along with a selection of platform tutorials. Swissquote is a trusted global brand that finished among our Best in Class for Crypto Trading and Trust Score, and won our award for 1 Banking Services for The Swiss-based offering of forex and CFDs, on the other hand, is a bit of a mixed bag due to the absence of forex or CFD trading within its otherwise vast multi-asset offering.
With its headquarters in Switzerland, Swissquote Bank offers traders access to over two and a half million products, including shares, ETFs, funds, bonds, warrants, futures, forex, options, and other securities. In addition, Swissquote offers comprehensive wealth management and advisory services. Read more on Wikipedia about Swissquote.
For our Forex Broker Review we assessed, rated, and ranked 39 international forex brokers over a three-month time period resulting in over 50, words of published research. Each broker was graded on different variables, including our proprietary Trust Score algorithm. This innovative scoring system ranks the level of trustworthiness for each broker based on factors such as licenses, regulation and corporate structure.
Read about Trust Score here. As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than.
Learn more about how we test. There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks. Steven previously served as an Editor for Finance Magnates, where he authored over 1, published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level.
Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. The ForexBrokers. If you believe any data listed above is inaccurate, please contact us using the "Contact" link at the bottom of this page.
These trademark holders are not affiliated with ForexBrokers. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. As a forex broker that also operates two banks, Swissquote takes our top award for Best Banking Services.
Swissquote offers the MetaTrader platform suite , along with additional add-ons such as the MetaTrader Master Edition. Swissquote produces excellent-quality research, including daily market analysis videos, and written articles on its Newsroom section. Swissquote doesn't publish its average forex spreads, and its minimum spreads are expensive across all account types compared to its industry peers.
The desktop version of Swissquote's Advanced Trader platform could use a design overhaul. Trading Central and Autochartist are available — but only as a plugin for MetaTrader. Feature Swissquote Overall 4. Products and services of Swissquote are only intended for those permitted to receive them under local law.
Some of the features and services will vary depending on which jurisdiction you open an account in. Founded in , Swissquote is a leading bank in online financial services, including forex and CFD brokerage. Swissquote distinguishes itself with its high level of stability and trustworthiness due to being regulated across the globe, publicly traded and a licenced Swiss bank.
It also has a wide variety of accounts to cater to different types of traders and a unique proprietary trading platform. Swissquote goes beyond what is normally offered at a forex and CFD broker, by having banking services, Robo-Advisors and tools for professional money managers. This broker can cater well to novice traders with its intuitive platform and extensive educational materials.
Advanced traders can take advantage of more competitive spreads in the Premium, Prime and Professional accounts. They can also make use of the sophisticated features available within Advanced Trader and MetaTrader platforms such as strategy backtesting, automation and fund management tools. Visit Broker Demo Account Trading involves risks. Swissquote has a very strong profile in the area of trust. Entities of Swissquote are regulated in multiple regions of the globe. In our trust category, we place most importance on how a broker is regulated.
We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust. Different regulators provide different levels of protection. The FCA requires that clients have negative balance protection, which means that they cannot lose more than their deposit. Client funds must be held in segregated accounts, which are protected in the event of a broker going bankrupt. However, not all regulators offer a compensation scheme. The case of Swissquote is different from most brokers because Swiss law requires that all clients, regardless of which entity they are trading with or where they live, are insured up to CHF , in the event of insolvency.
In the table below we break down the mandated protections and benefits by entity, regulator and region. In our tests for the Trust category we also cover factors relating to stability and transparency. Here, we focus on how long the broker has been in business, the size of the company and how transparent they are in terms of information being readily available.
Founded in , Swissquote has a substantial operating history. It is also among the larger companies offering CFD brokerage with over employees, according to the company website. As a publicly traded company, Swissquote must disclose financial reports, allowing for greater insight into the stability of the company. In our research, Swissquote showed an adequate level of transparency in areas such as their regulatory status, fees and general background information.
Most information and materials were easy to find on the website. Regulatory status is covered on the About Us section. Forex fees can be found under the Pricing page. To conclude, Swissquote can be regarded as having a high level of trustworthiness and stability due to the following factors:. Spreads at Swissquote range from average to rather wide in some assets such as indices.
Overnight financing costs are standard for the industry and we found no hidden expenses that might surprise traders. Swissquote earns money mainly from spreads the gap between the bid and offer prices of an asset. Spreads using a Standard Account are not very competitive but there are three other account types with progressively more competitive spreads. These accounts come with higher minimum account balance requirements. Trading fees at Swissquote consist of spreads and overnight financing fees also called swap or rollover fees.
For CFDs on stocks, commissions are also charged. Spreads at Swissquote are variable, meaning that they fluctuate slightly. The size of the spread depends on the level of liquidity in the market. Liquidity describes the extent to which an instrument can be bought and sold quickly and without moving the market. Tighter spreads are typically seen when there is greater liquidity in the market. We tested the spreads at Swissquote across different asset classes using a Standard Account and the Advanced Trader platform.
We made our tests at two different times to allow greater perspective. Commissions are broken down by the country that the stock originates from and account type as follows:. A full sized contract is , units of the base currency the first currency quoted in the pair. Swissquote does not charge any deposit, withdrawal or account closing fees. There is an inactivity fee of 10 units of your local currency per month if you have no open positions and have not been trading during a period of 6 months or more.
This fee is fairly standard for the industry. Spreads in Standard Account are not highly competitive. However, the Premium, Prime and Professional account types offer tighter spreads. Overnight financing fees are average. Overall Swissquote keeps non trading fees to a minimum, with the inactivity fee being the only one to look out for.
Swissquote offers its proprietary Advanced Trader platform via web, desktop and mobile. This is a well developed and intuitive platform that makes a good starting point for beginners. MetaTrader 4 and 5 are also available via web, desktop and mobile.
The popular MetaTrader 4 and 5 platforms are also available to round out the offering with their capabilities in strategy backtesting and automated trading. The Advanced Trader web platform has within a simple interface key features such as personalised watchlists, an account overview, powerful charting.
Create your personal layout Customise the look and configuration to suit your personal trading style. Create different reports to have an overview of your transactions. TradingView charts built into the platform have an impressive range of indicators, drawing tools, chart types and time frames. For viewing multiple charts at once there are a variety of convenient preset layouts that you can choose from with a single click.
There is a comparison feature that allows you to overlay one instrument over another, for example if you wanted to compare the price behavior of Bitcoin and Ethereum. TradingView features:. The Advanced Trader platform has a wide variety of order types, ranging from basic orders to contingent and conditional orders. These include:. The user experience with the Advanced Trader web platform is smooth, with an uncluttered, easy to navigate interface.
With popular features such as 1-click trading and the availability of advanced order types like trailing stops, the platform can cater to traders with different levels of experience. The Advanced Trader desktop platform also has advanced order capabilities, robust charting and a customizable layout. The desktop platform has some advanced features that are not available in the web platform.
The Advanced Trader app provides access to multiple markets, a wide range of order types, advanced charting tools and educational materials. It has an intuitive interface and has many of the same great features as the web platform. Key features of the app are:. The charting within the app has 11 time frames and 6 different chart types available, but left room for improvement in that it has no technical indicators or drawing tools.
MetaTrader is a powerful platform with impressive features but the interface appears dated in comparison with the Advanced Trader Platform. What distinguishes MetaTrader is its ability to perform strategy backtesting and automated trading. MetaTrader also delivers when it comes to the range of available order types and its charting functionality.
The following order types are available:. To conclude, the MetaTrader 4 desktop platform is one of the most feature-rich and popular trading platforms in the world. It does not have the best design and it does require some time and effort to learn, but that is typical of advanced platforms.
To hedge its risk, Swissquote relies on third party intermediaries, counterparties and liquidity providers see more details on the forex and CFD execution policy at Swissquote here. Swissquote offers a good range of tradable instruments ranging from forex, to commodities, indices and stock CFDs. Forex options are also available. CFDs Contract for Differences are financial derivative products that allow traders to speculate in various markets without owning the underlying assets.
Tradable instruments at Swissquote include the following assets:. Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. In the area of forex Swissquote is relatively strong compared to the industry average, but in commodities the range of available instruments is narrow.
Overall, Swissquote offers a good range of trading instruments and goes beyond what is normally offered by providing trading in forex options and treasury CFDs. Swissquote offers client support via chat, phone and email. The quality of support is good but the hours of availability are limited in comparison to some leading brokers. Via chat we received responses very quickly, within a matter of seconds.
Responses were slower by phone, taking several minutes of being on hold to reach an operator. Responses via email took about 1 business day. We tested support with a variety of questions. Operators were generally helpful and knowledgeable, with a good understanding of the trading industry. For clients placing forex, CFD and cryptocurrency orders, there is a forex dealing desk which is available continuously from Sunday to Friday CET.
Swissquote offers deposits via credit card and bank wire, while withdrawals can only be made via bank wire. While deposit and withdrawal methods are limited, processing times are faster than the industry average. The opening process for a Standard Account at Swissquote is fully digital and can be completed via the swissquote. Swissquote offers 4 account types catering to different trader profiles: Standard, Premium, Prime and Professional. Several different account types are available: Standard, Premium, Prime and Professional.
We break down the key features in the table below:. One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account. The default leverage at the Swissquote Bank SA entity swissquote. Traders must remember that it can amplify both their profits and their losses.
Swissquote offers demo accounts for both the Advanced Trader platform and MetaTrader 4 and 5. This is especially important for beginners as it enables them to practice their strategies and get comfortable with the trading platform without risking any real money. The demo account features live quotes and simulates live market conditions in assets such as forex and CFDs on commodities, indices and stocks.
Once you have got up to speed on a demo account, you can easily switch over to a live account. Swissquote accepts clients from the majority of countries globally. Swissquote provides high quality news and research by in-house analysts. Fresh reports and videos are published on a daily basis. To compliment the morning news report there is a daily video news report, covering geopolitical themes and major economic news stories.
Some chart coverage and technical themes are included also. The segments are fairly in depthin-depth at ten minutes long and well written and produced. Swissquote has impressive educational offerings which are made up of detailed courses, live webinars and downloadable ebooks. Swissquote has invested in their education section, with resources catering to both beginners and advanced traders. Here are the key educational tools available:.
Swissquote offers an industry leading level of trustworthiness and an impressive proprietary platform. Educational and research materials are also first class. The Standard Account does not offer very tight spreads, but other account types are more competitive in this area.
With an intuitive platform, good educational materials and reliable customer service, Swissquote is a broker that can cater well to beginners. Swissquote may also appeal to trading professionals with features such as algorithmic trading and MAM Multi-Account-Manager accounts. Where is Swissquote based? Swissquote is based in Gland, Switzerland. Is Swissquote safe? Swissquote is regulated across multiple regions, a licensed Swiss bank and a publicly traded company.
We judge Swissquote to be among the safest forex and CFD brokers. How does Swissquote make money? Is Swissquote good for beginners? The Advanced Trader platform is intuitive and user firnedly. Swissquote also has good educational materials and reliable customer service.
For there reasons we judget that Swissquote is a good broker for beginners. How do I deposit on a Swissquote account? Deposits can be made by credit card Visa or Mastercard or by bank wire. What is the minimum deposit for Swissquote? How do I withdraw money from Swissquote? Withdrawals can be made by bank wire. Up to 3 business days.
What is the max leverage in Swissquote? For UK and EU clients the default maximum leverage is How do I open an account with Swissquote? An account can be opened online via the company website. What platforms does Swissquote offer? Swissquote offers their proprietary Advanced Trader platform and MetaTrader 4 and 5. Does Swissquote offer a demo account? Platforms and Tools. Customer Support. Tradable Instruments. Account Types and Terms.
Deposit and Withdrawal. Advertising Disclosure Advertising Disclosure. This page may not include all available products, all companies or all services. Visit Broker. Demo Account. Table of Contents. While we adhere to strict editorial integrity, this page may refer to our partners' products. Here's how we make money. Learn how we make money and our review methodology. Swissquote excelled in several categories.