Forex eBook: Traders can access a forex trading ebook, downloadable as a PDF document. This is a resource for beginners, as it shows them the basic steps to start trading in the forex market.
User guides: Swissquote provides guides for its clients on how to use the various trading platforms as well as make use of other functionalities within those platforms. These are also in PDF format and can be downloaded from the learning centre.
Webinars: Webinars are held every Tuesday by an in-house Swissquote expert. Pre-registration links are sent to those who have subscribed to receive newsletters or other notifications from Swissquote Bank.
Trading Experience
“Swissquote is a broker that has features that will suit all categories of traders.”
Swissquote has products and features for beginners, intermediate traders and advanced traders. Starting from the account types, it can clearly be seen that each account is structured for a special kind of user. You have accounts for beginners, and there are Professional accounts for advanced traders. The trading platforms available also range from the MT4 which is great for beginners, and proceeds to more advanced platforms such as the Advanced Trader (great for mid-level traders) and the Swiss DOTS platform that is built for advanced derivative trading.
Whatever your trading style or level of expertise, Swissquote Bank can cater for you.
FAQ
Here are some of the “Frequently Asked Questions” about Swissquote Bank:
Where is Swissquote Bank based?
Swissquote Bank is based in Gland, Switzerland.
How does Swissquote make money?
Swissquote makes money from spreads charged on regular accounts, and from the commissions on the Professional accounts.
How do I deposit funds into my Swissquote Bank account?
Acceptable payment options include the bank transfer methods, eBanking, Renminbi transfers and card deposit options using MasterCard and VISA.
What is the min. deposit for Swissquote?
The minimum deposit is $1,000, though this will also depend on the kind of account the trader wants to operate.
What is the maximum leverage in Swissquote?
Maximum leverage is 1:400 for professional accounts. However, retail accounts have a leverage cap of 1:100.
How do I open an account with Swissquote?
Click the “Open your account” button found on the top right hand side of the website.
Does Swissquote Bank provide the MetaTrader platforms?
Yes, traders have access to the desktop, web-based and mobile versions of the MT4 and MT5.
Conclusion
“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. Trader education is robust and great attention is paid to getting beginners to hit the ground running.”
The only snag with Swissquote Bank is the restrictions that are placed on the brokerage by the Swiss laws, which means that country restrictions on who can trade with the broker are quite extensive. However, those who can open accounts with Swissquote Bank will have no cause to regret their actions.
Doing business with Swissquote Bank will offer the following advantages:
- Trading with a broker that brings the world-renowned Swiss banking model to the mix.
- Well regulated broker.
- An astounding array of trading products for all categories of traders.
- Sophisticated trading platforms that deliver some of the best executions in the market.
- A multilingual customer support desk which runs 24/5.
- Robust trader education and trade tools.
