“Swissquote Bank provides a great all-round service to clients allowing them to access over 130+ markets covering FX, FX Options, Precious Metals, Indices, Commodities and Bonds all through its proprietary Advanced Trader platform and the MetaTrader 4 and MetaTrader 5 platforms.”
From our observations, Swissquote Bank provides a comprehensive and highly competitive trading offering. Clients can choose from three commission-free trading accounts accessing over 130+ markets covering Forex, Indices, Metals, Commodities and Bonds, in addition to 46 FX Options. All clients also get access to an eBanking portal with their own personal Swiss IBAN.
The bank’s web-based Advanced Trader platform is also feature-rich and integrates with one of the most popular charting platforms – Tradingview. Clients who prefer desktop platforms can also use MetaTrader 4 and MetaTrader 5 with additional trading features which include the Trading Central, MetaTrader Master Edition and Autochartist plugins.
Research and educational material is also great and covers content that is relevant, detailed and updated regularly through a variety of mediums including articles, videos, and podcasts.
Is Swissquote regulated?
Yes, by the Swiss Federal Financial Market Supervisory Authority (FINMA).
Where is Swissquote based?
Swissquote Bank SA, Chemin de la Crétaux 33, P.O. Box 319, 1196 Gland, Switzerland.
How does Swissquote make money?
Swissquote makes money mainly through commissions, spreads and swaps on certain asset classes.
How do I deposit in Swissquote account?
Funds can be deposited into a trading account via bank wire transfer, Visa or MasterCard.
What is the min. deposit for Swissquote?
The minimum deposit is $1000.
How do I withdraw money from Swissquote?
Withdrawals can be made via wire transfer.
What is the max leverage in Swissquote?
How do I open an account with Swissquote?
An account can be opened at the click of a button on the Swissquote website and can be done in just a few steps.
Does Swissquote use MetaTrader?
Yes, MetaTrader 4 and MetaTrader 5.
“Swissquote Bank is an entity of Swissquote Group Holdings, a company listed on the SIX Swiss Exchange (SQN). The bank offers clients the ability to trade FX, FX Options, Precious Metals, Indices, Commodities and Bonds through the bank’s own Advanced Trader platform and MetaTrader 4 and MetaTrader 5 platforms.”
Swissquote Bank is authorised and regulated by the Swiss Federal Financial Market Supervisory Authority (FINMA) and is a member of the Swiss Bankers Association. They operate the www.swissquote.com domain name which is the focus of this review.
Its parent company, Swissquote Group Holdings Ltd, is also listed on the SIX Swiss Exchange (SQN) and they also have Swissquote Ltd which is authorised and regulated by the FCA and Swissquote Bank Europe which is supervised in Luxembourg by the CSSF.
Swissquote Bank offers 130+ markets covering FX, Precious Metals, Indices, Commodities, Bonds as well as 46 FX Options. Clients can choose from three account types called Standard, Premium and Prime all offering zero commission trading. Demo and swap-free accounts are also available.
The bank uses a proprietary agency/principal execution model for speed and reliability and offers its own Advanced Trader platform for Desktop, Web and Mobile. Additional platforms include MetaTrader 4 and MetaTrader 5 with additional plugins such as the MetaTrader Master Edition, Autochartist and Trading Central.
All clients receive access to an eBanking portal with a personal Swiss IBAN account number. Deposits can be made via wire transfer and debit/credit card but withdrawals can only be made via wire transfer. Fees do apply for both deposits and withdrawals depending on the method chosen and there is also an inactivity account fee after six months of no trading activity.
There is a range of research and educational materials available which includes Morning News, Articles, eBooks, Trading courses, Podcasts and YouTube Videos. The bank also provides multilingual customer support 24/7 through Live Chat, Phone, Email and an Online Contact Form.
- Commission-free accounts available
- Multiple asset classes including FX options
- Proprietary execution model
- Powerful web-based platform