Swissquote Review 2019 | Is Swissquote a Scam or Legit Forex Broker?

Read our Swissquote review to find out if Swissquote is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.

Average broker rating

3.8/ 5

Rating breakdown

Protection & Regulations
80% Complete (danger)
4.0/5
Trading platforms
90% Complete (danger)
4.5/5
Tradable Products
100% Complete (danger)
5.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
20% Complete (danger)
1.0/5
Support
60% Complete (danger)
3.0/5
Swissquote
Swissquote Overview

Swissquote Bank is an online bank as well as a forex and CFD brokerage that provides services to private individuals and institutional traders. Established in Switzerland in 1996 it offers a great way to trade online using the Swiss model of investment.

# Broker's Features SWISSQUOTE Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review Swissquote.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Swissquote offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Bonds.

Tradable Products: On the Swissquote Bank platforms, traders can trade 78 currency pairs, 12 metal pairs, 28 stock indices, commodities, bonds, and more than 90,000 derivative assets. Five cryptocurrencies have recently been added to the trading mix.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. Swissquote is Bank, Dealing Desk, Market Maker, No dealing desk,.

Features: Swissquote gives free access to the Autochartist pattern detection tool, . The provided ‘MetaTrader Master Edition’ extends the MT4 with 12 tools and 15 indicators. The Robo-advisor is an asset portfolio management robot provided by Swissquote.

Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. Swissquote recommended minimum capital is $1000.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Swissquote is regulated by DFSA, FINMA, SFC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Investor Protection & Regulations: Investor protection is provided by regulation of the activities of Swissquote Bank as well as the provision of secure authentication protocols on the Swissquote Bank website.

Languages Available: Next lets have a look at each broker's different Language options. Swissquote offers Arabic, Chinese, English, French, German, Italian,.

Payment methods: Next lets have a look at each broker's payment options. Swissquote offers Credit Card, Wire Transfer different payment methods for each account types.

Deposit and withdrawal: As a bank, Swissquote Bank tends to promote bank-based transaction methods such as the international and domestic bank wire, and online/postal transactions.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Swissquote makes Advanced Trader, MetaTrader 4, MetaTrader 5 available to clients.

Web & Desktop Trading Platforms: Each of the three trading categories on Swissquote Bank comes with its own trading platforms. Use the Advanced trader, MT4 and the MT5 for forex, or other advanced platforms for the e-trading suite.
Mobile Trading Platforms: Swissquote Bank has mobile apps for the Advanced trader, the MT4, MT5 and the e-trading platforms. These are all downloadable from the App and Google Play stores.

Other

Trader Education
Swissquote has a robust trader education suite, featuring the ‘learning centre’ on the Swissquote Bank website. Trader education is provided in the form of videos, webinars, a forex eBook and training guides. Offline seminars are also part of the mix.

Promotions
No bonuses or promotions are provided by Swissquote Bank.

Support
Available in 10 languages, the customer support channels are available 24/5 for traders and prospects to make inquiries or get problems solved. The customer support desk is reachable via phone, live chat, email and social media.

Recup
Swissquote is an online Swiss bank and financial brokerage firm which has a long history behind it. This is a brokerage which has products and features for every kind of trader, making it a highly inclusive platform.

Final Thoughts
Trader education is robust and great attention is paid to getting beginners to hit the ground running.

Trading Experience
Swissquote is a broker that has features that will suit all categories of traders.

People Also Asked

Is Swissquote regulated?
Yes, Swissquote is regulated by top-tier regulators, DFSA, FINMA, SFC inclusive.
Where is Swissquote based?
Swissquote is based in Switzerland
How does Swissquote make money?
Swissquote charges a spread between the bid price and ask price. It does NOT charges a commission.
How do I deposit in Swissquote account?
With Swissquote you can deposit money via the following means; Credit Card, Wire Transfer.
How do I withdrawal in Swissquote account?
Swissquote lets you request a withdrawal of funds from your account via the following means; Credit Card, Wire Transfer.
What is the minimum deposit for Swissquote?
Swissquote has $1000 minimum deposit.
What are the available account base currencies with Swissquote?
Swissquote trading accounts are offered in N/A. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in Swissquote?
Swissquote has a maximum leverage is 1:100 for professional traders.
How do I open an account with Swissquote?
Opening an account with Swissquote is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does Swissquote use MetaTrader?
Swissquote platforms: Yes, Swissquote use MetaTrader as well as the following platforms: Advanced Trader, MetaTrader 4, MetaTrader 5
What type of broker is Swissquote?
Swissquote appears to be a Bank, Dealing Desk, Market Maker, No dealing desk, broker which offers market access to a variety of traders.
Does Swissquote accept US clients?
No
Does Swissquote offers Islamic accounts ?
Yes
What financial instruments can I trade?
You can trade a wide variety of instruments with Swissquote: You can trade a wide variety of instruments with Swissquote: Currencies, Commodities, Indices, Bonds