Swissquote Review 2024 (Expert Review)
Swissquote Review Summary
Swissquote is known for its proprietary trading platform, webinars, and market research. If you're in the market for an online forex or CFD broker, Swissquote is worth looking into. Swissquote is regulated by the Financial Conduct Authority. As such, it meets the highest ethical, security, and transparency standards. Therefore, you can trade with complete confidence knowing that you are dealing with a reputable online brokerage company. Their services are trusted by many and have a long history of success. If you're looking for a brokerage that is regulated by the FCA, Swissquote is the one to choose. Besides their reputation for quality and service, Swissquote is also a reliable choice for your online trading needs.
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Swissquote Platform Features
๐บ๏ธ Country of regulation | Swiss Financial Market Supervisory Authority (FINMA), Commission de Surveillance du Secteur Financier (CSSF), Financial Conduct Authority, Dubai Financial Services Authority (DFSA), Hong Kong Securities and Futures Commission (SFC), Monetary Authority of Singapore (MAS) |
๐ฐ Trading fees | No |
๐ฐ Inactivity fee | No |
๐ฐ Withdrawal fee | No |
๐ฐ Minimum deposit | 1000 |
๐ Time to open a Swissquote account | 1. *A Swissquote demo account can be opened in a few minutes, but live Swissquote trading account creation times will vary depending on how long it takes to process your Swissquote KYC documents. |
๐ณ Wire Transfer | Yes |
๐ Depositing with electronic wallet | No |
๐ฑ Number of base currencies supported | 21 |
๐ฎ Demo account provided | Yes |
๐๏ธ Financial Instruments offered | Forex, Minors, Majors, Exotics, Indices, UK Stocks, US Stocks, Pennystocks, Energies, Metals, Bonds, |
Swissquote review
Swissquote Financial Regulation
Swissquote is regulated by Swiss Financial Market Supervisory Authority (FINMA), Commission de Surveillance du Secteur Financier (CSSF), Financial Conduct Authority, Dubai Financial Services Authority (DFSA), Hong Kong Securities and Futures Commission (SFC), Monetary Authority of Singapore (MAS).
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Swissquote Pros And Cons
Regardless of how you trade, there is always a risk to online trading, as well as some key advantages to using such a method. Below are some key pros and cons. The pros of using Swissquote include a large choice of assets that are available to be traded 24/7; and a modern website and mobile app; video guides and chart reading tools to help you carry out fundamental and technical analysis; community features to help you learn from and integrate with other platform users. On the other hand, the cons of using Swissquote can be that the spreads offered on trading cryptocurrencies (Availability subject to regulation) are relatively wide; no mutual funds available to invest in; high risk meaning it is not often a suitable platform for new traders.
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Swissquote Advantages
One of the main advantages of using Swissquote is around the clock service and support as well as research offerings. Not only this, but Swissquote has reduced transaction costs and fees that are often associated with traditional brokerage firms. This provides users of Swissquote with greater flexibility and more control - time is of the essence when trading, and where traditional brokers require appointments just to initiate a trade, trading with Swissquote makes the process a lot quicker. Finally, users have the ability to monitor their investments in real time. Swissquote offers stock quotes and trade information, making it easy for users to view how their investments are doing.
- Swissquote has been in business over 10 years.
- Swissquote offers Stock Trading.
- Swissquote offers Hedging.
- Swissquote offers Scalping.
- Swissquote does not have inactivity fees.
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Swissquote Disadvantages
Although Swissquote has a lot of good points Swissquote does not offer the below.
- Swissquote does not offer Cryptocurrency Trading (See Swissquote alternatives who offer Cryptocurrency Trading here)
- Swissquote does not offer PayPal as a payment method (See Swissquote alternatives who offer PayPal as a payment method here)
- Swissquote does not offer Neteller as a payment method (See Swissquote alternatives who Neteller as a payment method here)
- Swissquote does not offer Skrill as a payment method (See Swissquote alternatives who offer Skrill as a payment method here)
- Swissquote does not offer Islamic Accounts (See Swissquote alternatives who offer Islamic Accounts here)
- Swissquote does not offer ECN trading (See Swissquote alternatives who offer ECN trading here)
- Swissquote does not offer Bitcoin Trading (See Swissquote alternatives who offer Bitcoin trading here)
- Swissquote does not offer the MetaTrader 4 platform (See Swissquote alternatives who offer the MetaTrader 4 platform here)
- Swissquote does not offer the MetaTrader 5 platform (See Swissquote alternatives who offer the MetaTrader 5 platform here)
- Swissquote does not offer the cTrader platform (See Swissquote alternatives who offer the cTrader platform here)
- Swissquote does not offer a Apple Mac desktop trading platform (See Swissquote alternatives who offer an Apple Mac desktop trading platform here)
- Swissquote does not offer Spread Betting (See Swissquote alternatives who offer Spread Betting here)
- Swissquote has inactivity fees (See Swissquote alternatives who do not have inactivity fees here)
Risk Warning: Losses can exceed deposits.
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Things to understand when trading with Swissquote
Trading with Swissquote involves risk. You should only risk capital with Swissquote that you can afford to lose. Understand your risk tolerance with Swissquote, and have a trading strategy that Swissquote is able to help you execute. Swissquote is a very accessible trading platform but you must take the time to be able to effective use the trading tools and financial instruments Swissquote give you access too.
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Swissquote Trading Fees
Trading fees on Swissquote are taken in the form of the spreads Swissquote offers when buying and selling financial instruments like stocks, commodities, fiat currencies and indexes on Swissquote. Swissquote fees vary depending on the financial instruments traded and can include, Swissquote overnight funding fees, spreads, margins and Swissquote inactivity fees, currency conversion fees, and a spread for applying a guaranteed stop order. There may be some fees when transfering money to and from your Swissquote account charged by your 3rd party payment provider if your Swissquote base currency is different from your Swissquote withdrawal method.
Name | Swissquote | IC Markets | Roboforex |
Account Fees | No | No | No |
Withdrawal Fees | $10 | No | Yes |
Deposit Fees | No | No | |
Inactivity Fee | No | No | No |
riskwarning | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
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Swissquote Financial Instrument Fees
Swissquote fees for Forex, Minors, Majors, Exotics, Indices, UK Stocks, US Stocks, Pennystocks, Energies, Metals, Bonds, are listed below.
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Swissquote Stock Trading Fees
The majority of Swissquote trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options. A Swissquote stock trading fee is a brokerage fee that is charged when you buy or sell stocks. A trader may also pay commission or a fee for buying and selling other investments, like options or exchange-traded funds.
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Swissquote Forex Fees
Commission on Swissquote Forex trading can either be a fixed fee (i.e., a fixed sum regardless of volume) or a relative fee: the higher the trading volume, the higher the commission. The amount of money that a trader is charged for Swissquote Forex fees is based on their trade size. To calculate Swissquote Forex fees, one would subtract the bid price from the ask price to find the spread. A Forex broker keeps this spread as their fee/commission.
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Swissquote Cryptocurrency Fees
Aside from the price of the cryptocurrency itself, each cryptocurrency exchange adds a fee for trading, when customers purchase and sell coins. Swissquote cryptocurrency fees can vary, but most exchanges charge between 0.1% to 1% or more per trade. That means that if you've used $1,000 to invest in a certain crypto, the fee you will eventually pay for that transaction could be anywhere between $100 and $1,000. Swissquote cryptocurrency fees include a fee for the Maker (which adds to the order book liquidity through limit orders) and Taker (which subtracts liquidity from an order book through market orders).
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Swissquote Non Trading Fees
Swissquote non-trading fees include a variety of Swissquote brokerage fees and charges that a trader will pay which are not related to buying and selling financial instruments using the Swissquote trading platform. The most common non-trading fees include Swissquote withdrawal fees, Swissquote deposit fees and Swissquote inactivity fees.
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Swissquote Deposit Fees
Swissquote does not charge deposit fees. Some brokers charge a deposit fee for some payment methods, Swissquote does not do this.
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Swissquote Inactivity Fees
Swissquote does not charge traders inactivity fees. Swissquote does not charge for dormant inactive trading accounts. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees.
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Swissquote Withdrawal Fees
Swissquote does charge Swissquote clients small withdrawal fees. Withdrawals fees vary between Swissquote and Swissquote alternatives depending on where you are located and how much money you are withdrawing.
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Swissquote Account Fees
Swissquote does not charge account fees. Account fees charged differ between Swissquote and other brokers. An account is a fee that Swissquote and other brokers assesses on all accounts for the ability to keep an account on their platform.
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Swissquote Account Opening
The Swissquote account registration process is simple, user-friendly, and quick. Within 1 most Swissquote trading accounts are ready for live trades. Our Swissquote account was validated in 1 day, but live Swissquote trading account verification times will vary depending on the time it takes to process your KYC documents and Swissquote trading account application. A Swissquote demo account can be opened in a few minutes.
Swissquote trading accounts are available in over 194 countries. Swissquote is restricted in the following countries.
Apart from the restricted countries a Swissquote trading account can be opened globally.
The Swissquote trading platform is available for residents in US. Some financial instruments Swissquote offer may be restricted in your country.
- Fast Swissquote account opening.
- Swissquote accounts can be opened and KYC can be verified digitally.
- Swissquote minimum deposit is 1000 USD / GBP / EURO.
- Swissquote trading account verification may be held up for longer than a day if there is an issue with verifying your account.
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Swissquote Deposit And Withdrawal
Swissquote Account Base Currencies
A base currency is the currency in which your account is denominated. In other words, it is the currency you use to trade. Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts. For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency.
USD are supported by Swissquote as account base currencies. However, in each country, only two or three account base currencies are accessible, usually the local currency plus USD. In the United Kingdom, for example, only GBP, EUR, and USD are accessible for UK traders.
Swissquote offers the following account USD.
When trading make sure your Swissquote trading account currency is the same currency as your withdrawal and deposit bank account otherwise there may be some additional currency conversion fees levied by your bank. Swissquote has no control over the fees your bank may charge for currency conversions or withdrawals and deposits to from and to your bank account.
Name | Swissquote | IC Markets | Roboforex |
Number Of Currencies | 21 | 10 | 4 |
Base Currencies | USD | USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD | USD, EUR, XAU |
riskwarning | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
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Swissquote Deposit Fees and Deposit Methods
Investors can log in to their Swissquote trading account, type in their credit card information and the funds required will be posted in a number of business days. Investors can also transfer funds into their Swissquote trading accounts from an existing bank account or send the funds through a wire transfer or online check.
Swissquote Deposit Fees
Making a deposit on your Swissquote account is free.
Swissquote Deposit Methods
There are several methods through which you can deposit money into your Swissquote account. One can use a credit or debit card and Swissquote accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your Swissquote account using a personal PayPal account. One can also use bank wire or electronic bank transfer. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your Swissquote account. Funding methods for Swissquote include Credit cards, Debit cards, Bank Transfer, Payoneer,.
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Swissquote Withdrawal Fees and Withdrawal Methods
You can withdraw cash from your Swissquote brokerage account if you have available funds. If you want to withdraw more than you have available as cash, you may need to close open Swissquote positions before doing so. Remember that after you close your orders, you may have wait for the trade to settle before you can withdraw that money from your Swissquote account.
Name | Swissquote | IC Markets | Roboforex |
Funding Methods | Credit cards, Debit cards, Bank Transfer, Payoneer, | Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking, | Credit cards, VISA, MasterCard, JCB, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Perfect Money, AdvCash, BPAY, China UnionPay, FasaPay, CashU, WeChat Pay, ecoPayZ, AstroPay, Sofort, Giropay, Poli, Wepay, iDEAL, Payoneer, |
Withdrawal Fee | $10 | No | Yes |
Deposit Fee | No | Varies | No |
riskwarning | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
Swissquote Fees When Withdrawing Your Account Balance
Swissquote do not charge withdrawal fees. Some withdrawal fees are out of the control of Swissquote and may be due to 3rd party payment providers and your account base currency.
Swissquote Withdrawal Methods
Log into your Swissquote trading account, which is connected to your bank account. Go to the section that says โfundsโ or โaccountsโ and click on it. You will be given two choices: either to add funds or withdraw funds. Click 'withdraw funds' to start transferring money from your Swissquote account to your bank account. To withdraw money from your Swissquote account you can use credit or debit cards. Swissquote processes withdrawals to credit and debit cards provided by MasterCard and Visa. One can also use PayPal, as Swissquote processes withdrawals to PayPal accounts. Finally, you can also withdraw funds straight to your bank account via bank transfer.
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Swissquote Trading Platforms
As there are a number of tradable financial instruments available on the Swissquote trading platform. Before investing in the Swissquote platform, there are important factors to consider. Some platforms are designed for the more advanced trader, thus offering more research and analytical tools. The Swissquote platform has a demo account and educational resources, but it may not be designed for new traders so focuses less on those educational features. Swissquote offer livechat, phone, and email support.
If you struggle with technology, you need to consider the level of support on Swissquote is available. Another thing to consider is your financial goals. Make sure that a Swissquote account fulfils these goals. Several platforms offer commission-free trading, but some require a minimum fee for opening an account.
There can also be additional fees, such as inactivity charges, withdrawals and transfers. Make sure that you have enough funds to trade via a Swissquote account. Ensure that Swissquote allows you to focus on the type of trading that you want to focus on.
Make sure Swissquote is correct for your investment purposes. Markets change quickly, and you need to be able to execute an order instantly. on your platform. Before using Swissquote, think about how easy it is to use for your personal needs. Does the Swissquote platform offer real-time updates or delayed updates that are more informed? Remember to check if Swissquote is well regulated, and what tradeable financial instruments Swissquote has. Security is very important when it comes to trading with Swissquote.
Swissquote Web Trading Platform
A Swissquote web trading platform is a piece of software that is used for trading. This includes opening, closing, and managing market positions through Swissquote which acts as a financial intermediary. Swissquote is a web trading platform through which Forex traders can open and close positions online, without downloading any software. Via a web browser, traders can follow Bid-Ask spreads, place Stop Loss and Take Profit orders, as well as track all past and current positions executed.
Mobile Trading Platform
Both Android and iOS devices are supported by the Swissquote mobile trading platform.
Swissquote Apple IOS Trading Platform
A Swissquote iOS trading platform is the application software that enables investors and traders to place trades and monitor accounts through iOS apps on Apple devices, such as an iPhone.
Swissquote Google Play Android Trading Platform
A Swissquote Google Play trading platform is the application software that enables investors and traders to place trades and monitor accounts through Google Play apps on Android devices, such as an Android mobile smartphone.
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Swissquote Mobile Trading User Experience
Swissquote mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. This is because orders can be placed quickly and effortlessly. Swissquote mobile trading refers to trading using a mobile phone.
Leading brokerages like Swissquote offer mobile trading apps to their clients who are able to use them to trade and even monitor their entire Swissquote portfolio. All an investor needs is a Web-enabled smartphone and a trading account with Swissquote. Once you have download the Swissquote trading app, you are ready to begin.
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Swissquote Desktop Computer Trading Platform
A Swissquote computer trading platform is a software which one can use to research, place, monitor and edit trades on your desktop computer. You can choose from many platforms, including desktop platforms, trading apps, web-based platforms and third-party programs. The Swissquote desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The Swissquote desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds.
Swissquote MetaTrader 4
MetaTrader 4, known as MT4, is a trading platform used by online retail foreign exchange traders. MetaQuotes Software developed and released this programme in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. It is a free-of-charge Forex trading platform, offering wide technical analysis options, flexible trading system, and algorithmic and mobile trading. MT4 is a popular online trading platform that can be used to automate one's trading. Its simple user interface provides users with access to advanced technical analysis and flexible trading systems.
Swissquote MetaTrader 5
MetaTrader 5 is a free application for traders allowing to perform technical analysis and trading operations in the Forex and exchange markets. MetaTrader 5 is a multi-asset platform suitable for trading in the Stocks and Futures markets too. It is a multi-asset platform that allows trading Forex, stocks and futures, and it also offers superior tools for comprehensive price analysis. There are many benefits at MT5, as the platform represents an all-in-one concept, offers impressive analytical tools and a modern look with the allowance to open hundreds of charts and perform analysis through truly advanced institutional grade features.
Swissquote PC Trading Platform
One needs a computer with high performing hardware if their plan is to be a full time trader using Swissquote. A trading computer with access to a Swissquote PC trading platform is a superior, extremely fast computer which is designed and customized to maximize a traders ability to interface with markets and make decisions in real time. There are four key ingredients to a great Trading Computer: speed, reliability, multiple monitors, and post-sale service & support.
Swissquote Apple Mac Trading Platform
Apple Macs and MacBooks can easily handle the most important requirements when using the Swissquote trading platform. This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor (high definition Retina displays with True Tone technology, adjusting and adapting to ambient lighting), an accurate trackpad or mouse, lightweight design, and long battery life. Macs are easy to set up, start up, use and even maintain. A Mac can go from cold boot to live trading using just a couple of mouse clicks and in well under a minute. Therefore, the Swissquote trading platform is very user friendly on a Mac device.
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Swissquote Trading Look And Feel
The Swissquote user interface (UI) is what Swissquote traders will see and interact with first when trading with the Swissquote trading platform. The Swissquote is well designed. The goal of the Swissquote trading UI is to make the Swissquote user's experience intuitive. The Swissquote application has good user experience and a good level of customer satisfaction.
Swissquote Security
Swissquote is a secure trading platform. Swissquote offers traders security via 2 factor authentication, SSL encription when trading with Swissquote. Swissquote trading accounts are masked and encrypted using cutting-edge encryption and masking technology to secure your personal and financial information when trading with Swissquote. Rate limitation on Swissquote suspicious account activities is another layer of protection that is provided for Swissquote trading accounts, for example multiple failed login attempts with Swissquote. You have the option to further safeguard your account by using Swissquote Two-Factor Authentication (2FA), which provides an extra layer of security.
The Swissquote trading infrastructure is constantly watched and guarded by a trained team at Swissquote In addition, Swissquote never send sensitive information without first encrypting on the Swissquote trading platform using transport layer security (TLS) and SSL.
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Placing A Buy Or Sell Order On Swissquote
Available Swissquote order types. # market, limit, stop, stop limit, Good until end of day / canceled.
Swissquote Market Order
A Swissquote market order is an order to buy or sell a stock at the market's current best available price. A market order usually ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately. Swissquote market orders are executed by a broker or brokerage service on behalf of clients who wish to take advantage of the best price available on the current market. Swissquote market orders are popular as they are a fast and reliable method of either entering or exiting a trade.
Swissquote Limit Order
A Swissquote limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received. If the order is subsequently filled, it will only be at the specified limit price or better. However, having said this, there is no assurance of execution.
Swissquote Stop Order
A Swissquote stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A sell stop order is entered at a stop price below the current market price. If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price.
Swissquote Stop Limit Order
A Swissquote stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better). The Swissquote stop-limit order triggers a limit order when a stock price hits the stop level. A Swissquote stop-limit order can be helpful when trading if you are unable to watch your trades all day.
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Swissquote Alerts And Notifications
Price alerts and notifications can be established for executed orders, important news, and margin calls, for example. On the online platform, these notifications appear as pop-up messages. It would be preferable if you could set up email or SMS notifications as well.
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Swissquote Trading Platform Features
Online trading platforms like Swissquote are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with Swissquote. The Swissquote trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using Swissquote.
Swissquote Margin Trading
Swissquote margin trading means borrowing money from the brokerage firm in order to carry out trades. When trading on margin, investors first deposit cash that then serves as collateral for the loan, and then pay ongoing interest payments on the money they borrow. In essence, Swissquote margin trading is a facility under which one buys and sells stocks that they cannot afford. You are allowed to buy and sell stocks by paying a marginal amount of the actual value. This margin is paid either in cash or in shares as security. Your broker funds your margin trading transactions.
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Swissquote Account Types
Swissquote Demo Account
Swissquote offers demo accounts that gives traders the ability to purchase and sell Swissquote financial instruments in a practice environment, using fake Swissquote digital money and live market conditions and data. When you practise on a Swissquote demo account, one of the many advantages you'll enjoy is the opportunity to get acquainted with the more technical parts of the Swissquote platform. Swissquote demo accounts allow you to experience and practice a variety of market charts, Swissquote trading indicators, and trading strategies using Swissquote.
Swissquote Standard Account
Swissquote offers a standard trading account, allowing Swissquote traders to trade a wide range of financial instruments, with competitive spreads, using the feature rich Swissquote trading platform.
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Swissquote Tradable Financial Instruments
Swissquote tradable financial instruments are the financial instruments that are specifically available to trade on the Swissquote trading platform. This refers to the different types of financial markets you can trade with through Swissquote. Sometimes called securities , they range from commodity futures to stocks and CFDs, to currencies and metals, and more on Swissquote.
Name | Swissquote | IC Markets | Roboforex |
CFD Trading | Yes | Yes | Yes |
Stock Markets | No | 2100 | 53 |
ETFs | No | No | |
Fractional Shares | No | Yes | |
Cryptocurrencies | No | Yes | No |
riskwarning | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
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Swissquote Trading Stocks
Stock trading with Swissquote is the act of purchasing and selling shares in a corporation listed on a stock exchange available for trading with Swissquote; if you possess the stock on Swissquote, you own a piece of the corporation and may be entitled to voting rights where applicable.
Stock trading on Swissquote involves purchasing and selling stocks and share using Swissquote periodically in order to time trades against the stock markets, with the aim of using Swissquote to profit from your stock trading. Swissquote stock traders look to profit from the short-term market developments by selling stocks for a profit or buying stocks at a cheap price on Swissquote. Stock traders on Swissquote conduct significant study, frequently dedicating several hours every day to market monitoring using Swissquote trading tools.
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Swissquote Trading ETFs
What Are ETFs
Swissquote does not offer ETF trading. An ETF is a collection of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of stocks, mutual funds, and bonds. ETF shares, like individual stocks, are traded throughout the day at varying prices based on supply and demand.
What Are Fractional Shares
Swissquote does not offer fractional share trading.
Investors can buy fractional shares of a stock, making it easier to diversify even with modest amounts of money. Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share.
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Swissquote Trading Cryptocurrencies
Swissquote does not offer cryptocurrency trading.
Cryptocurrency trading is not offered by Swissquote, so you will need to find a Swissquote alternative that allows you to buy and sell the underlying cryptocurrency assets. Swissquote CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if CFD cryptocurrency trading is allowed in your region with a Swissquote alternative and make sure you undertand the risks fully before trading.
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Swissquote Forex Trading
Forex trading with Swissquote is a method through which to invest money which involves trading one currency for another in a Forex currency pair with Swissquote. The main aim of Swissquote Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. You can trade major, minor and exotic currency pairs with Swissquote. As a Swissquote Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair using a trading platform like Swissquote. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like Swissquote. Some traders use charts and indicators for Forex analysis, while others rely on news and economic data available on Swissquote.
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Swissquote Commodities Trading
Commodity trading is a type of trading available on Swissquote where individuals or businesses buy and sell financial instruments using Swissquote related to commodities, such as metals or oil.
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Swissquote Options Trading
Swissquote options trading is the trading of instruments that gives someone the right to buy or sell a specific security on a specific date at a specific price. If one decides to complete that purchase or sale, they are know to be exercising the option. Swissquote option strategies are the simultaneous, often mixed, buying or selling of one or more options which differ in one or more of the options' variables.
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Swissquote Futures Trading
Futures trading with Swissquote is where derivative financial contracts obligate a buyer to purchase an asset or a seller to sell an asset at a predetermined future date and set price using Swissquote to facilitate the trade. A Swissquote futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on Swissquote. Typically, futures contracts are traded on an exchange such as Swissquote; one trader agrees to buy a given quantity of securities or a commodity, and take delivery on a certain date. The selling Swissquote trader to the contract agrees to provide it.
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Swissquote Bonds Trading
Bonds trading on Swissquote is a way of making profit from fluctuations in the value of corporate or government bonds. The government will pay a defined interest rate on an investment for the duration of the issued bond, and then give the original sum back at the end of the loan's term to the Swissquote trader. Bonds can be bought and sold on Swissquote after they are issued. While some bonds are traded publicly through Swissquote, most trade over-the-counter between large broker-dealers like Swissquote acting on their clients' or their own behalf. Yield is therefore based on the Swissquote purchase price of the bond as well as the coupon.
Swissquote CFD Trading
A contract for difference (CFD) allows traders to speculate on the future market movements of an underlying item without owning it or taking physical delivery of it. CFDs can be used to trade a variety of underlying assets, including stocks, commodities, and foreign exchange.
Name | Swissquote | IC Markets | Roboforex |
Forex CFD | 150 | 61 | 35 |
Index CFD | 26 | 25 | 30 |
Stock CFD | No | 110 | 8400 |
ETF CFD | 30 | 50 | |
Commodity CFD | 12 | 20 | 20 |
Crypto CFD | No | Yes | No |
riskwarning | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
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Swissquote Trading Research Tools
Taking advantage of Swissquote trading research tools which are designed to help traders analyse potential investments using the Swissquote trading platform. Some Swissquote research tools include charts, technical analysis, and Swissquote trading indicators.
Swissquote Trading News
Traders can follow the markets and make wise investment decisions on Swissquote by using the news to help form a strategy when it comes to choosing investments. A Swissquote news trading strategy involves trading based on news and market expectations, both before and following news releases. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result.
Swissquote Economic Calendar
An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A Swissquote economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report.
Swissquote Fundamental Data On Financial Instruments & Companies
Fundamental research does not usually generate findings that have immediate applications in a practical level. Fundamental research aims to answer the questions of why, what or how and tend to contribute to the pool of fundamental knowledge in a research area. Swissquote fundamental analysis research data looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis, on the other hand, looks at economic and financial factors that influence a business. Fundamental analysis therefore evaluates securities by attempting to measure their intrinsic value.
Swissquote Charting
Technical analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on Swissquote are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending on the information acquired.
Swissquote portfolios
Trading portfolios are useful when trading with Swissquote.
A trading portfolio is made up of various investment vehicles. Distinct trading portfolios, each tailored toward a different investing strategy, might be owned by an investor.
A Swissquote trading portfolio is a traders collection of investments, which may include a variety of Swissquote financial instruments.
Swissquote review
Swissquote Payment Methods
A Swissquote payment method is required to fund your Swissquote trading account before placing a buy or sell order on a financial instrument.
When trading with Swissquote, there are a variety of payment options accessible; different brokers support different deposit and withdrawal methods. Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits. Some thing to be aware of is if your bank accounts base currency is different to the base currency of your trading account, your bank may add additional transfer fees that Swissquote do not have any control over.
Name | Swissquote | IC Markets | Roboforex |
Payment Methods | Mastercard, Visa, Wire Transfer | BPAY, Credit Card, FasaPay, Giropay, Mastercard, Neteller, PayPal, POLi, QIWI, Rapid Transfer, Skrill, UnionPay, Visa, Wire Transfer, Yandex Money | ADVcash, Alipay, Bitcoin Payments, Cashu, FasaPay, Giropay, iDeal, MoneyGram, Neteller, Perfect Money, POLi, QIWI, Rapid Transfer, SafeCharge, Skrill, Sofort, Trustly, Vietcombank Transfer, Visa, Webmoney, WeChat Pay, Wire Transfer, Yandex Money |
riskwarning | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
Swissquote review
Swissquote Withdrawl Methods
When trading with Swissquote at some point you will want to release your funds back to your bank account or other withdrawal method. Many modern trading platforms offer withdrawal of your trading account balance to digital wallets and direct bank transfers. Depending on your geo region certain withdrawal methods may be more convenient to you. Each withdrawal method has its own withdrawal time which you will have to check before withdrawing your Swissquote account balance. Swissquote may have minimum withdrawal limits that you will need to check before withdrawing.
You may be charged a currency conversion fee by your withdrawal method if you withdraw your Swissquote account balance in a currency other than GBP, or whatever your withdrawal method account base currency is.
Swissquote Withdrawals Times
The time it takes for your withdrawal to arrive is determined by the method you used to make it. It's important to remember that this is the payment method you used to fund your Swissquote account.
Withdrawal requests can take up to three business days to be processed by Swissquote.
You may anticipate to receive your money within three business days for bank transfers, credit/debit cards, and digital wallets.
If you're having a withdrawal transferred to your digital wallet account, your Swissquote should arrive in less than 24 hours.
Swissquote review
Swissquote Customer Support
Customer support represents the resources within the Swissquote company that provides technical assistance to its customers after they use the Swissquote service. A customer may often need to seek out support when they are in need of help, so a customer support team must be easy to contact, available, and responsive.
Swissquote offer email, livechat, phone, customer support.
Swissquote Email Support
Swissquote offers email support.
Email support is a a convenient method of Swissquote customer service but responses to support queries are not quick. You may have to wait between 1 - 3 days for a response from Swissquote regarding your support request.
Swissquote Livechat Support
Swissquote offers livechat support.
Swissquote live chat support is a way for customers to obtain help from Swissquote through an instant messaging platform. It happens at a one-to-one level, often via the company's website. It can be a proactive chat pop-up, with a chat box appearing on the screen and asking if you need help. Clicking on it would then connect you to a live agent. Livechat is great if you require a reponse to your support request withing 15 minutes.
Swissquote Telephone Support
Swissquote offers telephone support.
Swissquote telephone Support is often used for pre-sale queries, order taking, or even upselling and cross-selling, and troubleshooting. Outbound calls are calls made to customers from the Swissquote call centre to give or take information.
Swissquote Average Support Response times
Contact Method | Average Response Time |
---|---|
Swissquote Live Chat | 4 minutes |
Swissquote Email | 6 hours |
Swissquote Phone | 5 minutes |
We tested the customer service response times of Swissquote on Monday, November 18, 2024.
Swissquote review
Swissquote Educational Resources
Swissquote educational resources are used throughout the Swissquote learning environment to help and assist with customer's development and learning of trading on Swissquote. They are designed to reinforce learning and in some cases allow people to put their knowledge to the test using Swissquote trading tools. Educational resources like some of the resources available with Swissquote are a good as part of a wider set of educational guides and information from else where online.
Some of the Swissquote trading guides and information that we found useful included trading strategies videos, platform tutorials, market news, expert webinars.
Swissquote Trading Platform Tutorials
Swissquote offer a range of learning resources and tutorials and guides made available to registered Swissquote users. The Swissquote guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers which aim to educate Swissquote users on basic trading principles.
Swissquote Trading Videos
Swissquote offer a selection of online trading videos.
Trading videos on Swissquote help new and even more experienced investors gain insights into Swissquote technical analysis tools and how the different financial markets work when trading on Swissquote.
Swissquote trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs and cryptocurrencies. Some Swissquote training videos help widen your trading knowledge. The more trading knowledge you have the better you will be able to mitigate and understand trading risks when using Swissquote to trade live financial markets.
Swissquote Webinars
Swissquote offers access to online webinars. A webinar is an interactive online event in which a speaker (or a small group of speakers) delivers a presentation to a large audience of Swissquote clients who participate by asking questions, replying to polls, and using other interactive technologies available on the Swissquote trading platform.
Swissquote review
Swissquote Financial Regulation When Trading
Financial regulations on Swissquote protect consumers' investments. Regulations prevent financial fraud and limit the risks that Swissquote as a financial institution can take with their investors' money. Financial regulators oversee three main financial sectors: banking, financial markets, and consumers. A well-functioning financial system is vital for the economy, businesses and consumers. Swissquote financial regulation is part of ensuring the safety and soundness of the financial system and protecting consumers.
Is Swissquote Regulated?
Swissquote is regulated by Swiss Financial Market Supervisory Authority (FINMA), Commission de Surveillance du Secteur Financier (CSSF), Financial Conduct Authority, Dubai Financial Services Authority (DFSA), Hong Kong Securities and Futures Commission (SFC), Monetary Authority of Singapore (MAS).
Swissquote is licensed by financial regulators in certain jurisdictions. You can find out if brokers like Swissquote are licensed in your country, if they have had run-ins with regulators, or received serious complaints from Swissquote investors, directly with financial regulators in your country.
Swissquote Regulatory Protection Limits
When registering with Swissquote you must check with regulatory body your Swissquote trading account falls under. Even though you are a resident of the UK for example your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company entity and regulation your Swissquote account is over seen by. Swissquote client funds are stored in segregated 3rd party bank account in accordance with Swissquote financial regulators.
Client country | Investor protection amount | Regulator |
---|---|---|
United Kingdom | ยฃ85,000 | Financial Conduct Authority (FCA) |
EU Investor Compensation Scheme | max โฌ50,000 | Directive of The European Parliament and European Commission |
Other countries | 90% of your funds, max โฌ20,000 | Bulgarian Financial Supervision Commission (FSC) |
Swissquote Trading Signals
Swissquote offers trading signals to Swissquote clients.Swissquote trading signals are triggers to buy or sell a security based on a pre-determined set of criteria. Traders can create trading signals using a plethora of criteria: from simple ones, such as earnings reports and volume surge, to more complex signals that are derived using existing signals. A Swissquote trading signal is an alert to traders to either enter or exit a position. Trading signals are based on specific times and prices and can be identified through technical or fundamental analysis. It is up to the Swissquote trader to then decide whether or not to act on the signal.
Make sure you understand the risks of trading signals.
How does Swissquote make money?
Because Swissquote acts as an intermediary, Swissquote gets compensated on buy and sell transactions of financial instruments. As a result, Swissquote profit is determined by the volume and number of transactions. Swissquote earns revenue to fund their Swissquote platforms and wide range of trading services through market spreads.
Can you buy shares on Swissquote?
Swissquote provides customers with real company shares. Traders can choose from thousands of stock CFDs in addition to shares. You can see the complete list of stocks here. Swissquote offers CFD stock trading. When trading CFD stocks you are not trading real stocks as you do not own any underlying stock assets. A CFD stock is a leveraged deal between the trader and Swissquote on the speculative up or down price movement on an agreed stocks price movement.
Does Swissquote offer Cryptocurrency?
Swissquote does not offer cryptocurrency trading. The offering of crypto CFDs was stopped by most trading platforms on November 27, 2020, as a result of the Financial Conduct Authority of the UKs restrictions on cryptocurrency. While buying and selling Bitcoin and other cryptocurrencies is still lawful, the UK financial regulator, the Financial Conduct Authority (FCA), has made trading cryptocurrencies illegal for UK residents. This is because the FCA considers crypto CFD trading to be a high-risk activity. You'll need to see if trading crypto CFDs are allowed in your country.
Swissquote Lower fees, lower costs?
Swissquote have reasonable trading fees and costs. Swissquote may charge a deposit fee. Swissquote may charge a withdrawal fee. Some withdrawal fees are out of the control of Swissquote and may be due to 3rd party payment providers and your account base currency.
What about the minimum deposit?
Swissquote minimum deposit is 1000 USD / GBP / EUR.
How to start your Swissquote account?
You can sign up for a live or demo Swissquote trading account by visiting Swissquote and signing up. Enter your details, upload proof of ID, fund your account and you should be up and trading within a few hours. Open an Swissquote account here.
How's the Swissquote trading app?
Swissquote allow traders to trade financial markets on iOS, Android supported mobile devices.
You can tryout the Swissquote trading app here. Losses can exceed deposits
Is the quality of Swissquote customer service satisfactory?
Swissquote have average customer support offering support through email, livechat, phone, support options.
Is this broker good for new traders?
Swissquote is a good trading platform for new traders as Swissquote offer a good range of educational resources, good support options as well as a demo account.
How do you withdraw money from Swissquote?
Swissquote offer a good selection of withdrawal options. Once Swissquote have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days.
Best Swissquote Alternatives Reviews
If Swissquote isnt quite what you are looking for you can check out some of the best Swissquote alternatives below.
- IC Markets Review (read our in depth 2024 review)
- Roboforex Review (read our in depth 2024 review)
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Best Swissquote Alternatives In Detail
If you would like to see Swissquote compared agains some of the best Swissquote alternatives available right now you can do so by clicking on the links below.
- IC Markets Alternatives (read our in depth 2024 Alternatives for IC Markets)
- Roboforex Alternatives (read our in depth 2024 Alternatives for Roboforex)
- AvaTrade Alternatives (read our in depth 2024 Alternatives for AvaTrade)