Swissquote Review 2022

Stop United States not accepted.

Go to the Brokers List for alternatives

Swissquote is an FCA-regulated forex CFD broker offering 400+ trading products.

InstrumentsForex, CFDs, Indices, Stocks, ETFs, Bonds, Options, Futures, Cryptos (location dependent)
Demo AccountYes
Min. Deposit$1000
Payment Methods
Min. Trade0.01 lots
Regulated ByFCA, FINMA, DFSA, SFC
MetaTrader 4Yes
MetaTrader 5Yes
cTraderNo
OmniTraderNo
AlgoTraderNo
TradingViewNo
Trading CentralYes
AutochartistYes
eSignalNo
STP AccountNo
ECN AccountYes
DMA AccountYes
MAM AccountYes
PAMM AccountNo
LAMM AccountNo
Demat AccountNo
Mobile AppsiOS & Android
Margin TradingYes
Volatility IndexNo
Spot TradingYes
Perpetual SwapsNo
ELWsNo
REITsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionYes
VPS HostingYes
TournamentsNo
Demo CompetitionsNo
Managed AccountsNo
Market MakerYes
Auto TradingYes
Social TradingYes
Copy TradingNo
Islamic AccountYes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • TRY
  • SEK
  • CHF
  • AED
Guaranteed Stop LossNo
Stock Exchanges
  • CAC 40 Index France
  • DAX GER 40 Index
  • Dow Jones
  • FTSE UK Index
  • Japan Exchange Group
  • S&P 500
  • SIX Swiss Exchange Trading
Commodities
  • Gasoline
  • Gold
  • Oil
  • Palladium
  • Platinum
  • Silver
CFD TradingLeveraged CFDs are available on several financial markets.
CFD FTSE Spread0.9
CFD GBPUSD Spread1.3
CFD Oil Spread0.02
CFD Stocks SpreadN/A
CFD Leverage1:30
Forex TradingTrade a long list of major, minor and exotic currencies.
Forex GBPUSD Spread1.3
Forex EURUSD Spread1.3
Forex EURGBP Spread1.5
Forex Assets80+
Crypto TradingTrade 35 cryptos 24/7
Crypto SpreadVariable
Crypto LendingYes
Crypto StakingYes
Crypto MiningNo
Crypto Auto Market MakerNo
Crypto Coins
  • AAVE
  • ADA
  • ADA
  • ALGO
  • APE
  • AVA
  • BTC
  • BTC
  • DOGE
  • DOT
  • EOS
  • ETC
  • ETH
  • FILE
  • LINK
  • LTC
  • MATIC
  • MKR
  • REP
  • SAND
  • XLM
  • XRP
  • XTZ
Risk Warning – Your capital is at risk

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.

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%.

Benefits

If you take Swissquote vs Dukascopy, Saxo Bank, Interactive Brokers, and ZuluTrade, the broker offers several advantages:

Drawbacks

To improve the service, Swissquote could address the following areas:

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.

Accepted Countries

Swissquote accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use Swissquote from United States.

Compare Swissquote

Compare Swissquote with similar brokers that accept traders from your location. Among available brokers these are the most similar to Swissquote:

  1. IG Group – IG-US offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence.
  2. InstaForex – InstaForex is a CFD broker providing access to forex, stocks, cryptocurrencies, commodities, and energy, as well as stock indices. With competitive fees and a huge range of available assets, the brand offers safe and reliable trading.
  3. Forex.com – Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer tight spreads on a cutting edge platform.
  4. eToro – eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. eToro USA LLC does not offer CFDs, only real crypto assets available.

Swissquote Comparison Table

Compare Swissquote With Similar Brokers
Swissquote IG Group InstaForex Forex.com eToro
Rating 4.4 4.5 4.7
Markets Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit $1000 £250 €200 to €50,000 (depending on account type) $100 $10
Minimum Trade 0.01 lots 0.1 lots 0.01 Lots $1 $10
Regulators FCA, FINMA, DFSA, SFC FCA, ASIC, MAS, FSCA, JFSA, FMA, CFTC, NFA, BMA, DFSA, FINMA, BaFin CySEC CySEC, IIROC, NFA, CFTC, FCA, CIMA FCA, CySEC, ASIC, FSA
Bonus No
Education No Yes No Yes Yes
Platforms MT4, MT5 MT4 MT4, MT5 MT4
Leverage 1:30 1:30 1:30 for retail clients, 1:500 for professional 1:200 1:30 EU
Payment Methods 5 6 10 8 14
Detailed Comparison Swissquote vs IG Group Swissquote vs InstaForex Swissquote vs Forex.com Swissquote vs eToro
Visit
Review Swissquote
Review
IG Group
Review
InstaForex
Review
Forex.com
Review
eToro
Review

Compare Trading Instruments

Compare Swissquote Trading Instruments
Swissquote IG Group InstaForex Forex.com eToro
CFD Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil Yes Yes Yes Yes Yes
Gold Yes Yes Yes Yes Yes
Copper No Yes No No Yes
Silver Yes Yes Yes Yes Yes
Corn No No No No Yes
Crypto Yes Yes Yes Yes Yes
Futures Yes Yes No Yes No
Options Yes Yes No Yes No
ETFs Yes Yes Yes No Yes
Bonds Yes Yes No No No
Warrants No No No No No
Spreadbetting No Yes No No No
Volatility Index No Yes No No Yes

Swissquote vs Other Brokers

Compare Swissquote with any other broker by selecting the other broker below.

Swissquote vs

The most popular Swissquote comparisons:

  1. eToro vs Swissquote
  2. Degiro vs Swissquote
  3. Dukascopy vs Swissquote
  4. Saxo Bank vs Swissquote
  5. Swissquote vs Interactive Brokers
  6. ZuluTrade vs Swissquote

FAQ

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.

Swissquote is an FCA-regulated forex CFD broker offering 400+ trading products.

Articles about Swissquote