Swissquote Overview
Telephone: +41 44 825 87 77
Regulation: FINMA & FCA
Pairs offered: major, minor and exotic pairs
Minimum Deposit: $2,000
Spreads From: 1.5 PIPs
Max Leverage: 400:1
Markets: indices, commodities, stocks, Forex, bonds, cryptocurrency, futures and options
Deposit Options

Swissquote Broker Review

Swissquote is a leading provider of online banking and brokerage services to UK clients and European clients. The Geneva headquarters of the company employs 553 people across 45 nationalities, with 37 spoken languages. Already, an estimated 300,000 accounts have been opened at Swissquote with more in the wings. It is FINMA regulated, and trades as SQN on the SIX (Swiss Stock Exchange). The company boasts a trading volume of 800 billion CHF, with 18 billion CHF under custody. As one of the leading European Forex trading providers, Swissquote is a respected entity with UK traders.

Overview/ background

 

The company was founded in 1996 as a game changing entity in the world of online banking and trading. The company’s principal objective is to redefine online banking with sophisticated tech a.k.a. artificial intelligence technology, ePrivate Banking, robo advisors, and more. The company’s offices are in Zürich Switzerland, Gland Switzerland, Bern Switzerland, London England, Dubai UAE, Malta, and Hong Kong. This lends tremendous credibility to this global brand and clients can trade with complete confidence at this internationally recognized brokerage.

This global banking platform also offers full access to trading opportunities for clients across a wide range of financial assets including stocks, bonds, options & futures, commodities, indices, and currency pairs. In total, there are 2.5 million products offered by Swissquote. Forex traders can enjoy all the benefits of proprietary trading platforms including MetaTrader 4 and MetaTrader 5. This Forex brokerage is also a proud sponsor of legendary UK football club, Manchester United.

 

Account Types

 

Swissquote provides Forex traders with a powerful Forex Trading Account where you can determine the pace with which you conduct Forex transactions. Innovative services, and 3 internationally acclaimed trading platforms are available. Forex traders also have the option of a demo trading account. Other account types include the Trading Account. This trading account allows you to manage your portfolio with multiple assets. It also includes free account maintenance features and it’s available as a demo account. A third account type is also available, known as the ePrivate Banking account. This is designed to optimize your investment objectives, and it features cutting-edge technology with a Robo-Advisor. This account is also available in ePrivate Banking demo mode.

 

Trading Platform/ software

 

Swissquote is available to clients in multiple platforms, based on your level of trading experience. Traders can access the markets, and a wide range of financial instruments, based on their specific investment objectives. Whether you’re a novice or a professional, the range of trading platforms caters to your needs. These include the following options:

  • eTrading – a multi-asset trading platform
  • Swiss DOTS – features 70,000 over-the-counter derivatives instruments
  • Themes Trading – includes 60 investment themes
  • Mobile – trade a wide range of financial instruments on Windows, iOS and Android devices.

The eTrading account is ideal for Forex traders since it provides search functionality, trend radars for daily securities analysis, a series of widgets to tailor your workspace, all the latest financial news and analysis, and easy monitoring of financial instruments. This trading platform is also available in a free demo mode.

For Forex traders, Swissquote offers MetaTrader 4, MetaTrader 5, Advanced Trader, Autochartist, FIX API, and the Access Platform.

Advanced Trader provides clients with a customisable trading interface with advanced charting and news features. There are 27 indicators including Moving Average Convergence Divergence (MACD), stochastic indicators, relative strength index (RSI), etc. There are also 17 overlays including Bollinger Bands, parabolic indicators, and the like. The trading platform is powerful enough to automatically detect patterns from 17 of the most commonly used charts, and it can pick up on the strength of these patterns. Various order types are available with the trading platform including stop orders, OCO, If Done, full mobile and web functionality.

MetaTrader 4 is the gold standard for Forex trading. It includes comprehensive charting and analysis features, 30 indicators and some 2,000 complimentary custom indicators. UK forex traders can also access 700 paid indicators if desired. There are some 24 analytical objects including Fibonacci tools, GANN, arrows and shapes. 9 time frames for charting features are available and full automated trading, and EAs are permissible. MetaTrader 4 is available in a web platform for Windows, Linux and Mac, as well as mobile functionality for Android and iOS devices.

MetaTrader 5 is the upgraded version of MetaTrader 4, with expanded features and functionality. Stronger technical analysis tools can detect trends and price movements and there are some 44 analytical objects, 80 built-in indicators, and 21 time frames for traders to analyze the financial markets. Automated trading activity with EAs and built-in editors make this a fully interactive and robust trading platform. It’s available in a demo mode and a real money trading account for traders.

 

Deposit options

 

Swissquote allows UK traders to deposit funds via credit card (Visa and MasterCard), China UnionPay, and eBanking. Details of deposit and withdrawal options are available by clicking here.

 

Markets

 

A wide range of markets is available to clients, including currency pairs, precious metals, stock indices, commodities, bonds and CFDs.

Currency pairs – EUR/USD, USD/CAD, USD/CHF, GBP/USD, USD/JPY, USD/ZAR, USD/RUB, USD/MXN, USD/CNH.

Precious metals – gold (XAU), silver (XAG), platinum (XPT), palladium (XPD).

Stock indices – S&P 500 index, NASDAQ 100 index, DAX 30, SMI.

Commodities – crude oil, natural gas, copper.

Bonds – US treasury bond, UK long gilt, German Bund

 

Bonuses

 

The UK site for Swissquote does not offer any bonuses or promotional deals to clients. However, the Swiss-based platform offers many promotions to European traders and banking clients. For example, this bank/broker offers a trading credit of CHF 100 if you recommend the broker to your friends. This trading credit is a virtual amount with a variable value.

 

Customer Support

 

Forex traders will enjoy professional customer support from the Customer Care Center which operates from multiple offices around the world. The customer care number for the Forex brokerage is +41-44-825-87-77. The email address is [email protected] , and the opening hours are from 9 AM through 6 PM CET, Mondays through Friday. The Customer Care Center can be reached at +41-44-825-87-88. The email address is [email protected]. The opening hours are from 8 AM through 10 PM CET, Monday through Friday.

There are offices in Hong Kong and Dubai to help clients with their trading activity. The FX trading desk is reserved for clients who are placing digital currency orders, Forex orders, and CFD orders only. The trading desk is open from 11 PM on Sunday through 11 PM on Friday CET, and the telephone number is +41-22-999-94-76. For clients who would prefer a callback, an online form is available, and you can indicate your preferred contact methods – email or telephone.

Live chat functionality is available during specific hours, and you simply click on the live chat feature, enter your name, and the type of service representative you would like to speak to. Be advised that account-related matters are not available via live chat.

 

Safety

 

Safe and secure trading activity is guaranteed at Swissquote. This brokerage is fully licensed and regulated by the FCA, and FINMA. As such, privacy matters, account verification, secure socket layer technology and encryption protocols are assured. Further security measures are provided in the form of KPMG auditing, and MetaTrader 4 and 5 integrated into the Swissquote trading platform. All client funds are maintained in segregated accounts, and the company has strong equity to withstand market downturns. As one of the top 10 Forex brokers in the world, this established market leader has been going strong for 20 years.

 

Ease of Use

 

For the most part, this brokerage is easy to use. You will have to choose between platforms to ensure that you pick the right account for your trading needs. It is a little difficult to source information such as FAQs, and customer support numbers in your area, but a Google search quickly reveals this information.

 

Final Thoughts

 

Swissquote is a high-quality Forex brokerage where you can enjoy tight spreads on some 70+ currency pairs (major, minor, and exotic pairs). It offers rapid execution of trades and there are segregated accounts to protect your funds against adverse situations. It is fully regulated by the FCA and FINMA, and it has been in operation for a substantial period of time. You can trade on MetaTrader 4 and MetaTrader 5, including various automated trading platforms and enjoy full mobile functionality too.

Pros
  • FCA and FINMA regulation
  • Leverage of 400:1
  • Demo account trading available
  • MT4 and MT5
Cons
  • FAQ section not user-friendly
  • Limited deposit options available
  • Difficult to source accurate information
Swissquote Overview
Telephone: +41 44 825 87 77
Regulation: FINMA & FCA
Pairs offered: major, minor and exotic pairs
Minimum Deposit: $2,000
Spreads From: 1.5 PIPs
Max Leverage: 400:1
Markets: indices, commodities, stocks, Forex, bonds, cryptocurrency, futures and options
Deposit Options
Pros
  • FCA and FINMA regulation
  • Leverage of 400:1
  • Demo account trading available
  • MT4 and MT5
Cons
  • FAQ section not user-friendly
  • Limited deposit options available
  • Difficult to source accurate information