In this Swissquote Review, we are going to take a look at the offer that this broker prepared for its traders. Swissquote is regulated by the FCA in the UK. Swissquote operates on the financial market since 1996. When it comes to trading platforms, the broker features MetaTrader 5, Advanced Trader and WebTrader and MetaTrader 4. The Swissquote minimum deposit is 1000 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this Swissquote Review
| Website address: | https://en.swissquote.com/ |
| Licensed and authorised by regulatory bodies: | FCA SFC MFSA MAS FINMA DFSA |
| Supported languages: | English, German, Spanish, French and Italian |
| Customer support available via: | E-mail, phone, live-chat |
| Contact details: | [email protected] +41 44 825 88 88 |
| Available deposit methods: | Credit Card, eBanking, China UnionPay |
| Available withdrawal methods: | Credit Card, eBanking, China UnionPay |
| Minimum deposit: | 1000 USD |
| Min. trade in lots: | 0.01 |
| Spreads: | Typical spread on the currency pair EUR/USD - 1,1 pips * on standard account type |
| Tradable assets: Might be a CFD. | Forex (78), commodities (7), indices (4) |
| Demo: |  |
| Mobile app: | |
| MetaTrader 4: | |
| Other trading platforms: | MetaTrader 5, Advanced Trader and WebTrader |
| Social trading: |  |
Swissquote Fees (typical spreads)
We have scanned fees (typical spreads) that Swissquote charges when trading popular currency pairs, here is their breakdown in pips.
| EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
|---|---|---|---|---|---|
| 1,2* | 1,1* | 1,9* | * | 1,4* | 1,2* |
*Typical spreads were recorded on 06.06.2019 at 10:05 for the standard account. Swissquote spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: 27Forex, MaxiTrade, TradeFcm and IG
Frequently Asked Questions
🧐 Is Swissquote a Scam?
Swissquote is a broker licensed and regulated by the FCA, SFC, MFSA, MAS, FINMA and DFSA. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that Swissquote is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the Swissquote minimum deposit?
In order to start trading with Swissquote, you have to deposit at least 1000 USD.
📵 What deposit and withdrawal methods Swissquote supports?
⚖️ Would you recommend me choosing Swissquote?
We don’t have our own personal experience with Swissquote. However, because the broker is regulated by the FCA, SFC, MFSA, MAS, FINMA and DFSA, there is a high chance that it is not a scam. With that being said, it still does not mean that Swissquote is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.
