Swissquote Review 2024


4 / 5
Swissquote is #87 in our CFD broker rankings.

We recommend Swissquote for experienced traders due to the $1000 minimum deposit and advanced trading tools. Swissquote is also a good option for investors looking for a sophisticated robo-advisory service.

- Daytrading Review Team

Swissquote is a Switzerland-based bank and broker that offers online trading and investing. The company has a high safety score and is listed on the Swiss stock exchange. The firm offers a huge range of products, from stocks, ETFs, bonds and futures to 400+ forex and CFD assets. Hundreds of thousands of traders have opened an account with the multi-regulated brokerage. Clients can get started in three easy steps while 24/7 customer support is available to assist new users.

$1000
MT4, MT5, AutoChartist, TradingCentral
Forex, CFDs, Indices, Stocks, ETFs, Bonds, Options, Futures, Cryptos (location dependent)
-
USD, EUR, GBP, CAD, AUD, JPY, TRY, SEK, CHF, AED
Visa, Wire Transfer, Mastercard, Debit Card, Credit Card

Forex Trading

Swissquote offers trading on a huge range of forex assets, covering 80+ currency pairs. Spreads start from 1.3 pips with the Premium account and there are zero commissions. Micro, mini and standard lot sizes are available plus options contracts on major currencies.

Stock Trading

Swissquote offers access to leading stock exchanges from Switzerland, US, UK, Germany, France and Japan. Stocks are available with a 0.15% commission on the Premium account. Traders also get a choice of leading platforms, including MT4, MT5 and Advanced Trader.

CFD Trading

Swissquote offers spot, forward and synthetic contracts on a breadth of markets, including stocks, indices, bonds and commodities. The pricing model is transparent with no hidden fees. Clients can diversify portfolios and hedge risk with low margin requirements.

Crypto Trading

Swissquote offers online trading on a decent selection of 35+ cryptos 24/7. The digital asset class provides high volatility within a regulated trading environment at Swissquote. A digital wallet is also available to securely store tokens.

✓ Pros

  • Huge range of products including CFDs, futures and options
  • Scalping, day trading and swing trading strategies supported
  • Swiss-listed and regulated with a strong track record
  • Ebanking and cryptocurrency Bitcoin exchange services
  • Multi-currency account with 22 currencies
  • MetaTrader 4 and MetaTrader 5 integration
  • Autochartist and Trading Central tools
  • Free demo account
  • FCA-regulated
  • APIs

✗ Cons

  • High minimum deposit of $1000
  • Complex suite of services and tools
  • Higher than average fees on some products

Swissquote is an online provider of forex and CFD trading. The broker offers MT4, MT5 and its proprietary trading platform, as well as market research and webinars. This website review looks at everything from the registration process and login to fees and leverage. Find out whether to open a Swissquote account today.

Swissquote Details

Based in London, Swissquote Ltd is a subsidiary of Swissquote Bank and has been authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom since 2012.

The broker provides over 400 forex and CFD instruments on award-winning platforms to over 360,000 clients worldwide. The company is also the official partner of the UEFA Europa League and the UEFA Conference League, and a former sponsor of Manchester United (Man Utd).

Swissquote Group Holding Ltd is Switzerland’s leading provider of financial services and has been listed on the SIX Swiss Exchange since 2000.

The group has offices scattered around Europe, Asia, and the UAE, and currently employs over 700 people.

Trading Platforms

Advanced Trader

Swissquote’s in-house platform for forex and CFD trading, Advanced Trader, comes with a fully customizable interface and allows trading in synthetic CFDs among other instruments.

The platform’s smart features are designed for automatic pattern detection, making it the ideal tool for traders who are new to chart pattern analysis. The broker also offers a robo advisory service that receives positive customer reviews.

Swissquote broker review
Advanced Trader

Traders can also access 80+ indicators, 50+ charting tools, and a synchronized layout for multiple timeframes. In addition, complex order types including Order Cancels Other (OCO) and If Done are available.

Hedging capabilities are also available upon request. The web platform is available through a desktop or web terminal, once you have opened an account.

However, when we used the Advanced Trader platform, we found the interface felt a bit old and in need of a design refresh. Whilst the capabilities were good, more could be done to ensure the user experience is enjoyable.

MetaTrader 4

Traders of any level can enjoy automated trading capabilities as well as complimentary plugins, including Autochartist and Trading Central, with the award-winning MT4 platform.

Clients can choose from thousands of Expert Advisors or copy trades from hundreds of successful traders. Strategy back-testing is also possible.

MT4’s extensive charting suite also includes 30 built-in indicators, 24 analytical objects, 9 timeframes, and a range of order types. MT4 is available for download or can be accessed straight from any internet browser.

MT4 trading platform at Swissquote - review
MetaTrader 4

MetaTrader 5

The next generation MetaTrader platform, MT5, offers a greater selection of tools and flexibility for the experienced trader. As with MT4, traders get unrestricted automated trading capabilities and access to plugins.

In addition, MT5 users enjoy 80 built-in indicators, 44 analytical objects, and highly customizable charts with 21 timeframes.

Clients can enjoy full mobility with access to the platform via desktop or web browser.

Swissquotes review
MetaTrader 5

How To Place A Trade

Traders can place a trade in just a few simple steps:

  1. Register for an account on the homepage – you will need to submit basic contact and identity details (takes several minutes)
  2. Login to the ePortal using the button in the top right-hand corner
  3. Select ‘create order’ on the asset you are interested in, for example EUR/USD
  4. Enter the order details, including position size, risk parameters etc
  5. Confirm the order

Assets & Markets

Swissquote provides 400+ forex and CFD instruments, including over 80 major, minor and emerging currency pairs, over 25 stock indices including the FTSE 100 and CAC 40, a selection of commodities and precious metals, plus three bonds. 35 cryptocurrencies are also available.

The company’s Swiss investment arm also offers gold ETFs, as well as themes trading, stocks, cryptocurrencies, options, funds, and futures.

In addition, the online broker has plans to offer crypto lending and crypto staking services for UK retail account holders.

Note, instrument access may vary according to your location.

Spreads & Commission

Swissquote offers commission-free trading, starting from 0.6 pips. Popular pairs such as the EUR/USD are around 1.3 pips with the starter account, however. Both the S&P 500 and XAUUSD (gold) start from around 0.25 points.

Whilst Premium and Prime account holders can trade commission-free, Elite and Professional traders will be subject to a 2.5 Euro commission, per side per lot traded.

Other fees include an inactivity fee of 10 account currency units per month after 6 months of inactivity, plus overnight swap charges which are detailed on the website.

Leverage Review

You can access leverage up to 1:30 for forex, 1:20 for precious metals and index CFDs, 1:10 for commodity CFDs, and 1:5 for bonds. Leverage allows you to use borrowed funds to increase your position.

It’s highly recommended that you use lower leverage until you are confident in your strategy.

Mobile Apps

Swissquote’s Advanced Trader platform is available for download on iOS and Android smartphones and supports eight languages.

Traders can swiftly transition between mobile and desktop versions of the platform, with access to real-time streaming quotes, sophisticated charting tools, and complex order types. The app generally receives positive customer ratings online.

Swissquote ratings
Mobile App

Both the MT4 and MT5 platforms are also available as mobile apps, meaning that traders who prefer automated trading strategies can enjoy all the same algorithmic capabilities and technical analysis tools whilst away from their PC.

Traders also benefit from the community chat feature, mobile push notifications, and financial news.

Deposits & Withdrawals

Funding is available in nine different currencies via prepaid debit and credit cards or wire transfer. There are no deposit or withdrawal fees on the broker’s side but they do require a 1000 EUR (or equivalent) minimum deposit.

For deposits via wire transfer, the broker lists the relevant Swift codes and bank details within the Support section. Withdrawals must be made from within the ePortal.

Processing times are instant for credit cards and 1 – 3 working days for wire transfers.

Swissquote Demo Account

A free demo account is available with all three platforms, offering access to over 400 financial instruments with no obligation or risk.

Traders receive up to 100,000 USD of virtual money to practice their trading strategies.

Demo accounts are available for 30 days.

Bonuses & Promo Codes

As per regulatory restrictions, Swissquote does not offer any bonus deals or promotions.

Regulation & Licensing

Swissquote Ltd is authorized and regulated in the United Kingdom by the Financial Conduct Authority (FCA), under reference number 562170.

Swissquote provides negative balance protection as well as deposit protection up to 85,000 GBP in case of insolvency.

There are also other companies within the Swissquote group, offering a suite of financial services to retail and institutional clients from offices based in Malta, Luxembourg Zürich, Dubai, Hong Kong, Indonesia and South Africa.

As per FCA rules, all client money is held in segregated accounts at one or more approved banks. Swissquote Group Holding Ltd must also provide annual reports relating to corporate governance and financial audits. As a Tier-1 institution, traders should be confident this broker is safe and trustworthy.

Note, US citizens and persons are not able to open an online account with this broker.

Additional Features

Swissquote offers a good quality research section containing daily reports and live analysis on market insights.

There is also an education center with a handful of ebooks, courses, webinars, a magazine and free demos, covering the basics on how to trade, as well as advanced trading techniques.

The broker also provides the Autochartist and Trading Central plugins free of charge to all clients, giving traders access to automated trading alerts and enhanced technical analysis.

Swissquote Autochartist Advanced Charts Feature
Swissquote Autochartist

Overall, the research and tools provided are fairly impressive but the education section is a little limited compared to other brokers.

Invest Easy

A fairly unique product available at Swissquote is its integrated investing and savings solution, Invest Easy. This is available to clients that hold a bank account with the firm and offers direct interest payments on USD, EUR, GBP and CHF with decent rates.

It also offers automated investing with four strategies that vary depending on your risk tolerance. This straightforward solution essentially allows customers to manage their trading and saving in one place, and with recurring payments available, it is quick and easy to set up.

Swissquote Account Types

Traders can choose from four live accounts at Swissquote: Premium, Prime, Elite, and Professional.

Traders should note that the minimum deposit with the starter account (Premium) is 1000 in the chosen currency, which is considerably higher than other competitors like eToro and Degiro.

Apart from minimum deposits, spreads and commissions, the other account features in the Premium, Prime and Elite accounts are identical. Minimum deposit requirements increase up to 10,000 of the base currency and spreads become more competitive. The minimum transaction size for forex and CFD forwards is 0.01 lots.

The maintenance margin is 100% and the stop out level is 50%.

Trading Hours

For most currency pairs, trading hours are 00:00 – 24:00 CET, Monday to Thursday, and 00:00 – 22:55 CET on Fridays. Sunday times vary and are detailed on the website.

For precious metals and some commodities, trading runs from 00:05 – 22:55 CET, Monday to Friday. All other assets vary and details can be found in the downloadable product guide on the Swissquote website.

Customer Support

You can contact Swissquote’s customer support team Monday to Friday, between 08:00 – 18:00 (UK time) via:

The support team can provide information on a range of topics, from forgotten passwords to using APIs and platform journals.

Security & Safety

Swissquote’s Advanced Trader and MetaTrader platforms are all securely encrypted with SSL technology. Traders can also enable other layers of security, such as Two-Factor Authentication (2FA) and Touch ID.

Swissquote Verdict

Swissquote offers regulated forex and CFD trading on the Advanced Trader and MetaTrader platforms. Our experts found that there is a good range of assets to choose from and pricing is fairly reasonable. While using Swissquote, we found that the portal was easy to navigate, there were plenty of options for customization, and should any issues arise, the customer support team were on hand to offer guidance.

However, the high minimum deposit requirement for the starter account and limited funding options might turn away some beginners.

FAQs

Is Swissquote A Market Maker?

Yes, Swissquote is a market maker.

Does Swissquote Offer Any No Deposit Bonus Deals Or Promo Codes?

Due to regulatory restrictions, Swissquote does not offer any bonus deals or promotional codes.

Is Swissquote A Bank?

Swissquote Ltd is a trading arm of Swissquote Bank, an investment bank which has been providing online banking, savings and expats accounts, etrading services, robo-advisory, and other solutions since 2000.

Where Is Swissquote Based?

The Swissquote Group is headquartered in Gland, Switzerland and has additional offices in Zurich, Bern, London, Luxembourg, Malta, Dubai, Singapore, and Hong Kong.

Does Swissquote Accept US Citizens?

No, Swissquote does not accept clients from the United States.

Is Swissquote A Good Trading Platform?

Swissquote is a well-regarded online FX and CFD provider offering automated trading services, rich market analysis and competitive investing accounts.

Top 3 Alternatives to Swissquote

Compare Swissquote with the top 3 similar brokers that accept traders from your location.

  1. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
    Go to IG
  2. Pepperstone – Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.
    Go to Pepperstone
  3. FP Markets – Established in 2005 in Australia, FP Markets is an ASIC- and CySEC-regulated broker boasting an extensive suite of tradable assets. Its Standard and Raw accounts cater to day traders at every level, while it packs a punch in the tooling department, from the MetaTrader suite and intuitive TradingView to actionable trading ideas from Trading Central and AutoChartist.
    Go to FP Markets

Swissquote Comparison Table

Compare Swissquote With Similar Brokers
Swissquote IG Pepperstone FP Markets
Rating 4 4.4 4.8 4
Markets Forex, CFDs, Indices, Stocks, ETFs, Bonds, Options, Futures, Cryptos (location dependent) CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto
Demo Account Yes Yes Yes Yes
Minimum Deposit $1000 $0 $0 $40
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Regulators FCA, FINMA, DFSA, SFC FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB ASIC, CySEC, FSA
Bonus
Education No Yes Yes Yes
Platforms MT4, MT5, AutoChartist, TradingCentral Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade Iress, MT4, MT5, cTrader, TradingView, AutoChartist, TradingCentral
Leverage 1:30 1:30 (Retail), 1:250 (Pro) 1:30 (Retail), 1:500 (Pro) 1:30 (UK), 1:500 (Global)
Payment Methods 5 6 11 15
Visit Visit Visit Visit Visit
Review IG
Review
Pepperstone
Review
FP Markets
Review

Compare Trading Instruments

Compare the markets and instruments offered by Swissquote and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Swissquote Trading Instruments
Swissquote IG Pepperstone FP Markets
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No Yes Yes Yes
Silver Yes Yes Yes Yes
Corn No No Yes Yes
Crypto Yes Yes Yes Yes
Futures Yes Yes No No
Options Yes Yes No No
ETFs Yes Yes Yes Yes
Bonds Yes Yes No Yes
Warrants No Yes No No
Spreadbetting No Yes Yes No
Volatility Index No Yes Yes Yes

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Swissquote is a Switzerland-based bank and broker that offers online trading and investing. The company has a high safety score and is listed on the Swiss stock exchange. The firm offers a huge range of products, from stocks, ETFs, bonds and futures to 400+ forex and CFD assets. Hundreds of thousands of traders have opened an account with the multi-regulated brokerage. Clients can get started in three easy steps while 24/7 customer support is available to assist new users.